We've owned a number of Volvo wagons {eight} over the years. None recently, though we might dip a toe back in the water.
I think that the best deal that we ever made was on a CPO V70R. The car was really great for us over the 110K miles that we owned it. {30K to 140K}. Very few issues, but three big ones. The turbo blew at about 80K miles. Kind of a freak deal, as those turbos are pretty sturdy. The steering rack cracked, and had to be replaced at about 90K. And, I was able to convince the service manager to replace all four calipers, pads and rotors just short of 100K, as despite my insisting that the calipers be maintained better than the book called for, they all pretty much seized. That last one was a stretch, but we were, I guess, good customers.
Point being, as Phil says, depending on the car and the details, CPO can be very good. Our first Land Cruiser was a CPO vehicle. 2 years old, off lease. The purchase price was already very good. The warranty.....bumper to bumper to 100K was worth any CPO mark up. We lost the seal on the two headlights in about six months. That one repair paid for it. This was a model year 2000, and they later became notorious for having transmission failures. Just some of that model year. Ours failed at about 65K miles, and we ended up with an entirely new transmission. Not a rebuild one. A new one that arrived in a wooden crate from Toyota USA. We had a loaner LC for the three weeks it took to sort that out. Price of. a new OEM trans was as I recall $8K.
I believe that shortly thereafter Toyota changed their pricing and terms on the extended warranty piece of their CPO. Basically the plans were "too good", an the prices too low.
Agree with Phil, 100%. You need to know what you're doing with extended warranties. Some are worthless, and some are almost "too good." About 10 years ago, our son bought a 1995.5 Audi S6. So it was 12 years old. 85K miles. Very low for the car. Car was "enthusiast maintained." Good car. Be tracked it down through a guy who basically brokers high end cars. When he bought it, this guy suggested that we consider an extended warranty. This guy was honest, and knew his stuff. He had done business with about a dozen companies over the years. I went over the warranty with a fine tooth comb {with some experience}, and jumped on it. I think it cost $1500. We bought it for our son.
Basically it had almost no excluded components. Only wear items. It would pay for OEM parts, and not require aftermarket. It had a $100/hr. limit on labor. Others were at the time capped s low as $35/hr. It was good for five years, or until 150K miles.......
and it was transferable.
That paid for itself about five times over in two years, and when he went to sell the car, it was a he piece of making the deal, and getting his price. He made money on the car. Without the right warranty, he would have lost bundle.
That was an unusually good warranty on an older car. A unicorn. But nothing like a CPO deal from the right company.
Good advice from
@Philpug!