Volkswagen CPO Warranty - should I do it?
Just traded in my Jeep Cherokee ($11,500 but about $13,000 after tax savings) for a 2018 VW Atlas Comfortline ($30,200 minus the trade in), so $21,131 total after tax. The Atlas has about 47,000 kms on it and the 4 year,/80,000 km warranty is expiring in July. The dealer is pushing a CPO warranty (VW assurance premium program) for 2 years/40,000 kms for $2800. This seems a bit steep. Couple of questions:
Anyone do the VW CPO before and is it worth it?
Is there any room for haggling?
I was going to pay for the Atlas outright but the dealer said I'd have to finance some at 5.99% in order to get that price due to some kickback from the bank. So I'm paying $11,131 up front and financing $10,000 over 2 years at 5.99% but I can pay it off without penalty after 6 months. The rate was supposed to be 0.9% but the dealer said I'd have to do 5.99% - shady I know (a VW dealer). Anyways, wondering about this CPO - I've never owned a VW.
EDIT: specifically, they offered:
1. CPO 2 years/40,000km for $2898+tax
2. 5 star: 84 months/120,000km for $3128+tax or 108 months/140,000km for $4080+tax
Anyone do the VW CPO before and is it worth it?
Is there any room for haggling?
I was going to pay for the Atlas outright but the dealer said I'd have to finance some at 5.99% in order to get that price due to some kickback from the bank. So I'm paying $11,131 up front and financing $10,000 over 2 years at 5.99% but I can pay it off without penalty after 6 months. The rate was supposed to be 0.9% but the dealer said I'd have to do 5.99% - shady I know (a VW dealer). Anyways, wondering about this CPO - I've never owned a VW.
EDIT: specifically, they offered:
1. CPO 2 years/40,000km for $2898+tax
2. 5 star: 84 months/120,000km for $3128+tax or 108 months/140,000km for $4080+tax
Last edited by zero216 on Dec 15th, 2020 2:28 pm, edited 1 time in total.