Agreed, I'd be surprised if they didn't make higher margin off of "certified" used vehicles than new. I should add that I don't buy from dealers either as a rule of thumb. I've bought two cars from used car lots and the prices were very fair / comparable to private party prices, everything else has been a private party purchase and I go through cars every couple of years
Well, I bought my car 'certified' and the extra warranty has helped. My car is out of the original factory warranty, but is still covered as CPO until the end of the year. They didn't have time to diagnosis my car last night (they were closing as I dropped it off and picked up my loaner). But one of the tech's came out and started it up and as the car started shaking badly, he muttered "oh, that's not good. wow".
I was then told they might have the car for a week or two. If my car was out of warranty, I'd be going without a car for two weeks probably, and having to rent one, not to mention paying for the repairs. the CPO only cost me about $3,500 more than a used one off the street.
But instead of paying for all of that, I still enjoy the benefits of the warranty. My loaner is a brand new 330ci.. well it has 1,400 miles on it.
I talked to my salesman last night and showed him the two orders. He actually seems like an honest guy, and he seemed noticably disturbed when I showed him the sales order we negotiated, and then the one that was put through. He was out sick the day I picked up the car, and one of the other salesman put in the order. He took them over to one of the other salesman and I heard him say "he fuckin put in a different sales order than the one I drew up for my customer. wtf???"
He then told me that since it was almost 3 years ago, he wasn't so sure what he could do for me in terms of returning the difference as cash. He's going to ask. He asked if I would instead take a coupon for $1,000 off my next car since, from an accounting stand point, would be a lot easier for him to leverage and get an ok for.
So i don't know.. I'm planning on trading my car in towards the end of summer, and was probably going to get a newer version of my car.