Quote:
Originally Posted by SteveinArizona
I have a golfing buddy who buys his Merc S series cars as CPO. He has a good relationship with the sales person at the dealership and gets one that is one or two years old with small mileage.
As others have noted here, ability to pay doesn't mean one automatically buys the most expensive, new car. My friend also has a 911 and several houses but he doesn't see the need to needlessly pay for the depreciation.
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I happen to think a CPO car with low mileage is a good idea. It's financially sound too but my question is more towards flagship high mileage cars with no certification and no warranty with questionable reliability. These cars are only worth 10% of their original value for a reason.