12-month powertrain warranty for high-mileage Toyota cars with Silver Certified program
Certified pre-owned (CPO) programs offer a great opportunity to purchase a nearly new vehicle at a discounted price without sacrificing warranty coverage. However, there are often stringent requirements that must be met for a car to qualify for the CPO designation. Factors such as mileage, condition, and ownership history must meet certain standards in order to be considered. Toyota recently announced their plans to expand the criteria for their CPO program with the introduction of the “Silver Certified” category, which includes cars with up to 125,000 miles and up to 10 years old.
Honda implemented a comparable yet less assertive initiative in the previous year, marking a noteworthy change in the pre-owned automobile industry. Vehicles, for the most part, have become more dependable than ever before, resulting in longer usage by individuals. As a result, the supply of moderately-driven cars that used to be the mainstay of conventional certified pre-owned (CPO) programs has dwindled.
Despite limited information available about the pricing of these vehicles, it is clear that they are targeting a different segment of the market. Certified pre-owned (CPO) cars typically have a lower cost than new cars, as they reflect the initial depreciation value. The Silver Certified models come with a transferable 12-month, 12,000-mile powertrain warranty and are considerably cheaper than their brand-new counterparts. On the other hand, the Gold Certified models must be less than six years old and have less than 85,000 miles on them; however, they offer a longer warranty period of seven years and 100,000 miles for the powertrain and one year and 12,000 miles for comprehensive coverage.
The selection encompasses nearly the entire manufacturing lifespan of the initial Scion FR-S and Toyota 86, as well as even high-mileage models of the fifth-generation Toyota Supra. Picture a realm, dear reader, where you can obtain a powertrain warranty that covers 12,000 miles on a BMW with 125,000 miles. Naturally, this coverage extends to all of Toyota’s non-speciality vehicles from the past decade as well.
This program is currently available, however the current stock does not quite live up to its potential as a treasure trove for enthusiasts. Instead, it mostly consists of five-year-old Prius models with over 100,000 miles on them. Despite the attractive pricing, with many cars priced under $20,000, buyers will have to accept the fact that these vehicles come with higher mileage.
It is undeniable that the market for pre-owned cars is changing, and car manufacturers are playing a crucial role in this transformation.
