Starting to come around to buying a cpo 3 row sub given current lease prices compared to my last lease (Thks autocompanion). Are there any brokers here that deal in cpo for late model Honda pilots or Toyota Highlander/grand highlander? Need a larger 3rd row suv and want something reliable so choices like Mazda cx90 or jeep gcl wouldn’t work. Kia telluride would also work. Figured I’d check here first if anyone has advice or can help with a deal. Ok prob 4-6 months out but want to get lay of land as early as possible to I can recognize a good deal when it presents itself. Thks a ton.
The value prop on late model Japanese & Korean cars is terrible in general, due to their value retention, and even worse on the aforementioned cars.
You’re better off buying or leasing new, depending on the numbers.
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Would assume that there aren’t any brokers for this.
Figure out what car/cars you want to consider, test drive each one (and each generation of that car) to narrow down what car/trim/options you want to target.
Fairly easy from there – use car gurus or another aggregator to figure out pricing. Expand your search area (you tagged NJ, so expanding your radius to a couple hundred miles (or whatever you’re comfortable with).
With these popular makes and models, it might not make much sense to go for a newer used car versus just negotiating on a new one for a negligible amount more.
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100% go new. If it has a rate special that alone would prob make up for the price difference.
Feel free to text me for Toyotas
Jim
215-359-6836
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Rest assured if I go new toyota you’re my guy. I’m seeing 10k spreads for 2 year cpo highlander vs new at present.
May reach out too on carnival/telluride. Hopefully they have some blowouts closer to year end!
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Thanks, that’s pretty much my plan for time being. To get a feel. Would like to figure out how to see selling price vs asking price on these cop deals. Im seeing 10-12 k spread between new and 2 year old cpo. For someone about to cut an 18k a year check for private schools every bit helps lol!
Spread as measured from new car transaction prices or MSRP?
Because vehicles like the 2024 Pilots went for $4-5,000 off MSRP when the 2025s came in last month.
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Fair point. I had only see brokers here offering 5-6% as my jumping off point. Of course with my luck by Oct/nov/dec those will be long gone. Maybe kia will have something then. Thanks for that tip
@Ramguy1515 This is what I’m getting at too – my FIL got a new 2023 Highlander for around $4k off at the end of 2023 - CPO 2022s with same trim are about $4k cheaper with 30k miles…
For $4k to $8k, it might be better to go new versus a 2 year old car with 20-30k miles (or more) but with used tires, brakes, brake fluid, transmission fluid, etc that will need to be replaced earlier, not to mention the resale value will be higher for a newer/lower mileage car and the new car warranty is better than the CPO warranty for Honda/Toyota from what I recall.
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The most cost effective way of driving these cars is buying new at the best APR and owning for as long as the longest OEM extended warranty (or when the next generation reaches an appealing price point).