https://carbuzz.com/news/certified-used-volvos-to-receive-unlimited-mile-warranty
Big step in the car industry as other luxury brands are scaling back coverage.
In theory, this should help their resale values.
It’s 5 years/unlimited miles from the original in-service date, with upgrades available for extra charge up to 8 years/unlimited miles.
Better than 1yr unlimited like Bmw and Benz right!
Same as Mercedes CPO. Original warranty is 4 years, 50K miles. This adds one year and unlimited miles.
It used to be 7-year/100k miles from service date. I don’t drive that much, so I actually see this as a downgrade.
1 Like
Then buy a 7 or 8 year/100,000 mile CPO extension. They are available, I’m told. All the terms begin with in-service date, as a loaner, demo, or original sale or lease.
This chart is kind of misleading. I know for BMW, CPO is only 1 year/unlimited miles from expiration of original factory warranty (4/50). It’s disingenuous to lump those two together as “unlimited mileage vehicle warranty up to 5 years”.
Anyway, I would think to take advantage of this you’d need to drive a lot of miles, and find a CPO Volvo 1-2 years old that already had high miles on it and was significantly depreciated.
It says 5 years from original in-service date on the chart. There’s also an extra charge upgrade for 8 years from original in service date with either 100,000 total miles or unlimited miles.
Sorry, not interested in haggling in the FI Office. Yet another item sold at a big markup.
Original CPO program was better for most people IMO.
If Volvo’s CPO was previously 7 years/100k miles this is a huge downgrade. Audi and BMW both reduced their CPO’s from 6 years to 5. Very frustrating, only way its a benefit is if you drive a ton of miles
Isn’t the whole purpose of this website to enable educated haggling? How long do you think it’ll take before there’s data on what people bought this or that upgrade for? Yes- big markups. For the less aware. They can take it or leave it. I find most Volvo customers pass on warranties, anyway.
I agree with you on that. 7/100 was a good program and it worked well for a lot of people. Even then there was an 8/100 upgrade, a 7/125 upgrade, and an 8/125 upgrade. The 8/125 wasn’t much more than the other two, so it was the way to go if a customer would utilize it.
Not necessarily a downgrade. If someone buys a “young” CPO, like a 1 year old car, they’re getting a 4 year/unlimited mileage car with an option to go to 7 years/unlimited miles from the time they buy the CPO. Works for some, not so much for others. We get people that drive 25-30K miles/year. Imagine the value they’ll get with say 7 years moving forward for the next 175-210,000 miles.
1 Like