Need advice. CPO vs new. Platinum vs Limited

[bill_b]

Hi all,

Potential buyer, looking to consolidate our 18' 4runner and 18' Highlander to a Expedition. My wife recently acquired a company car and it just makes more sense for us to have something larger with more goodies than our 2 current vehicles. Right now we have 2 daughters, 1 of which is being fostered but close to adoption and we are on the waiting list for another child so the toyotas just won't even compare in practicality to the expy. The expedition checks so many boxes for us and has potential to accommodate growth for the family if we so choose to go that direction.

Right now I am struggling with CPO Platinum vs new Limited with a couple different packages.

My concern with new is do these hold their value well?... my concern with CPO is I typically try to avoid the first model year of any new body style.

I love the Stealths but man are they pricey lol, I don't want to spend over $70k and still not get the HD towing package (is this necessary for a couple UTVs, or totally overkill? PA is full of mountains lol)

https://www.shultsfordwexford.com/V...-Expedition-Limited_4x4-Wexford-PA/3435154473

301A with the special edition package seems like a good deal... does this come with CCD? If I go new this just feels like the best bang for your buck.

https://www.shultsfordwexford.com/V...pedition-Limited_4x4-Pittsburgh-PA/3420679603

CPO is so tempting because I'm confident I can get them down around $61k on this one.

https://www.washingtonford.com/cert...80a0e0ae82753831ccb2eca5d.htm?searchDepth=7:7

Any advice would be greatly appreciated!

 

[dlcorbett]

The platinum looks nice with only 9k miles om her. I would def make sure whatever gremlins it was traded for get fixed(assuming thats why its there lol). The plat does have its perks over the ltd models though like better materials and better overall quietness amd ambiance. Btw the 303 and 301 sep, id def go with the 301 sep. Way more value over the 303 with same features and ur only missing some light cosmetic work.

 

[ManUpOrShutUp]

My concern with new is do these hold their value well?

No. Their value plummets within the first few years ($20K+ drop).

my concern with CPO is I typically try to avoid the first model year of any new body style.

This makes sense with a new engine, trans, etc., but if only the body style has changed I wouldn't give it a second thought. (I haven't shopped the latest model, so I am simply saying if that's all that has changed. I don't know if that's fact.)

 

[bill_b]

Ended up getting a silver spruce stealth edition lol. This dealer is really close to my house whereas the other places are about 40+ miles away and my wife and I would have had to load the girls in and drive separately just to get an actual appraisal on our yotas. They made the purchase very simple, gave me $1k more than I wanted on trade and came down $8k off of MSRP.

I worked on the CPO but they wouldn't budge on price so it was damn near within $3k of new stealth.

I'm sure it will depreciate like a rock (Chevy pun lol)... But I bought this with the intentions of keeping a long time and we absolutely love the expedition so I figure what the heck!

Ordered a few goodies, husky liners and weathertech mud flaps. Probably going to also order some vent shades and even though I hate them a bug shield

Should be arriving at the dealer on Thursday, will get some pics

 

[bill_b]

Double post

 

[cmiles97]

Enjoy the new ride and welcome to the forum. Having been a multiple Toyota owner as well, Fords do lose value quickly but that's why I got mine used. That doesn't matter if you keep it over 10 years.

Unless you have money set aside for potential repairs as vehicles in general are getting very expensive to fix and Ford isn't Toyota in quality, I would recommend a Ford Factory extended warranty. It's called Ford protect. Any dealer can sell one. I bought mine online via Flood Ford. In the 3rd generation forum someone had one turbo replaced at 120K miles or so and it was over $3,000 (I think).

https://www.floodfordesp.com/?gclid=EAIaIQobChMIy7iyyuqn4wIVVJ7ACh1TnQsaEAAYASAAEgIXE_D_BwE

Good luck.

 

[bill_b]

Thanks! And thanks for the heads up on the extended warranty, this is definitely something I will be purchasing in the future... Going to see how long I intend on keeping and what my mileage is /year then order before they 3/36k expires which I believe ive read that you can do. There are simply too many little things that can go wrong with these new vehicles not to have it... Money well spent imo!

 

[cmiles97]

Thanks! And thanks for the heads up on the extended warranty, this is definitely something I will be purchasing in the future... Going to see how long I intend on keeping and what my mileage is /year then order before they 3/36k expires which I believe ive read that you can do. There are simply too many little things that can go wrong with these new vehicles not to have it... Money well spent imo!

Yes you can wait on the warranty. That's one of the reasons I bought the expedition used over others vehicles.

 

[Flexpedition]

Congrats. My mom lives in the area and always uses Woltz & Wind. She is closer to Washington Ford though - Canonsburg North Strabane area.

For what its worth, our '08 was full of new tech at the time as well. $1995 navigation and $1295 rear seat entertainment, etc. Newfangled CAN-BUS, coil on plug, safety canopy, the rear view mirror alone would cost over a grand to replace. Everything old was once new applies here.

Rolled the extended warranty dice and won on this one, the truck has been 100% perfect for 10+ years and has required no repairs whatsoever outside of a drivers front window regulator. Hope yours does as well as mine has.

 

[JasonH]

I'm sure it will depreciate like a rock (Chevy pun lol)... But I bought this with the intentions of keeping a long time and we absolutely love the expedition so I figure what the heck!

In the future I would advise against thinking like this. My first and last new vehicle purchase was a Ford Focus compact. I bought it because I needed a reliable vehicle for a long commute, and knew very little about vehicle maintenance at the time. The vehicle was flooded one year later during Tropical Storm Allison. Luckily, I put a substantial sum as down payment.

Depreciation seems like something that you recognize in the future, when you sell...but the future can arrive much sooner than you think. If your vehicle is ever heavily damaged, you will eat the depreciation immediately. For that reason, I would suggest gap insurance on a vehicle this pricey.

 

[bill_b]

In the future I would advise against thinking like this. My first and last new vehicle purchase was a Ford Focus compact. I bought it because I needed a reliable vehicle for a long commute, and knew very little about vehicle maintenance at the time. The vehicle was flooded one year later during Tropical Storm Allison. Luckily, I put a substantial sum as down payment.

Depreciation seems like something that you recognize in the future, when you sell...but the future can arrive much sooner than you think. If your vehicle is ever heavily damaged, you will eat the depreciation immediately. For that reason, I would suggest gap insurance on a vehicle this pricey.

No, I know you're right... Life doesn't always work out the way we intended it to. GAP won't be an option to my knowledge because the vehicle is damn near paid off... Infact I only financed a little to qualify for $1250 Ford incentive that comes with using their piss poor financing.

I wonder if there is an added coverage option though as this thing will be worth basically $20k less by the weekend.... Hmm

 

[ManUpOrShutUp]

Congrats. My mom lives in the area and always uses Woltz & Wind. She is closer to Washington Ford though - Canonsburg North Strabane area.

For what its worth, our '08 was full of new tech at the time as well. $1995 navigation and $1295 rear seat entertainment, etc. Newfangled CAN-BUS, coil on plug, safety canopy, the rear view mirror alone would cost over a grand to replace. Everything old was once new applies here.

Rolled the extended warranty dice and won on this one, the truck has been 100% perfect for 10+ years and has required no repairs whatsoever outside of a drivers front window regulator. Hope yours does as well as mine has.

Aren't you the one that has virtually no miles on his truck though? Like sub-100K?

 

[bill_b]

So stoked!

 

[Vicious]

Wow congrats, looks gorgeous! Great color!

What's that thing on the side window?

 

[Deadman]

The keys stay in that at the dealership sometimes....

 

[bill_b]

Thanks! It's funny,And silver spruce was supposed to be what the dealer was getting me and I switched it to silver RIGHT before they "secured" that one, im glad that I did (not that I don't love silver spruce as well). as far as the box goes see post below, I believe it's the key holder.

The keys stay in that at the dealership sometimes....

I'm officially taking delivery tomorrow which is good because I'll have my husky liners and weathertech mudflaps to bring with me to the dealer lol.

 

[bill_b]

I tried so hard to negotiate on a few Platinum CPOs today and even 1 non CPO all ranging from 9k-14k miles and nobody was budging on price and giving me as much as this dealer did for my trades. To me the stealth with convenience package is just as comparable to a entry level Platinum so the only $4k price difference was worth it. I think you really have to get in to the 20k mile range for these things to start really taking a hit... At least from what I've found in my area. Also the platinums I was looking at, non had the HD tow package whereas this stealth does.

 

[ib_jigged]

Nice ride Bill! Wife and I are looking at a 2019 LTD stealth in stone gray to replace our '16 LTD in platinum white.

 

[bill_b]

Nice ride Bill! Wife and I are looking at a 2019 LTD stealth in stone gray to replace our '16 LTD in platinum white.

Thank you! The stealth is a great looking package imo and I like the black leather with the red stitching. There are other little unique touches to the interior as well.

Keep in mind that the 303a does not automatically add the HD towing package like Ford's website says it does (see second bullet under 303a). You have to add the convenience package as well.

 

[ib_jigged]

Thanks for the info Bill, but we don't need the heavy duty tow package, I have a '12 F150 with the max tow package that covers all the heavy towing.

We were going with the Stone Grey Stealth, but dealer cannot secure one, only 2 available in the a 6 state radius of us. So we are looking at Oxford White. Spent an hour debating that color while walking around the dealership, but we had to have a small spot repaired on our '16 with Platinum White and I can still see the difference (very hard color to match, area looks grayish and duller as others I have seen fixed). My f150 is oxford white with black accents and when the two are parked next to one another the oxford is a brighter white and to us contrasts with the black much better than the platinum white. The silvery platinum white looks better with shiny aluminum and chrome in my opinion.