What does a certified second-hand product mean? Understand CPO cars

((((iSeeCars) – Buying a new car is more expensive than ever, with an average new car price of over $ 40,000. Used cars are more affordable, but you may hesitate to buy them because of the uncertainties beyond what a car history report can reveal. Fortunately, savvy car shoppers can take advantage of both, thanks to certified used (CPO) vehicles.

What is a Certified Used Car? Is it a good idea to buy? I have an answer.

What does a certified second-hand product mean?

If you are buying a car, you may come across a CPO car. But what exactly does that mean, and how are they different from traditional used cars? Certified used cars are short mileage, accident-free used cars, typically less than 7 years old, and have been readjusted to meet strict manufacturer or dealer standards. CPO vehicles backed by an extended warranty from the original manufacturer have undergone rigorous multipoint inspection to achieve Certified Pre-Owned (CPO) status. In addition, many CPO vehicles have additional benefits such as roadside assistance exchange / loan vehicle access and trip interruption protection. For more information, see our handy guide. How to buy a CPO car.

Buying a Certified Used Car: Advantages

Buying a CPO vehicle has several advantages. The main reasons why buying a CPO model is a wise decision are:

Savings: Certified used cars are cheaper than new cars. In fact, according to a recent iSeeCars survey, average used cars have fallen 39% in three years. Best off-leasing car deals. Buying an infrequently used car can save you money by buying a car after it has been hit hard by depreciation.In fact, you can find Certified used car for less than $ 15,000 Over a wide budget. Buying the right CPO car can save you more money than a non-certified used car. This is due to its high post-purchase value, warranty coverage and low maintenance costs. Even better, CPO cars often have better special loan rates than are often found on uncertified used cars.

Modern vehicle: You are buying a used car, but you are still buying a modern late model car. Many CPO vehicles are a couple of years old. This means that it is often in the current model generation of vehicles and has the same basic style as the new model, in addition to the latest vehicle technology. Or, if driving a modern car is not a priority, you can find an older version to save even more.

Added peace of mind: To qualify as a CPO vehicle, you must pass a rigorous multipoint inspection of up to 300 items by trained technicians. You can also request a copy of the inspection to see exactly what was covered. CPO vehicles usually include a limited limited warranty. Powertrain warranty For engines, transmissions and major mechanical parts. Limited warranty between bumpers applies if other problems that are not part of the powertrain may occur. The CPO Warranty extends the warranty beyond what the manufacturer offers for new cars. This warranty means that you don’t have to make expensive repairs right after you buy a used car, so you can relieve your anxiety about buying a used car.

Buying a Certified Used Car: Disadvantages

Limited options: If you’re looking for a vehicle with a particular color and trim, you may have trouble finding the CPO version of the car you need. If you don’t have the option to wait for it to find the car you’re looking for, you may have to settle for another car. CPO cars must comply with certain standards and are a used car harvest cream, so inventory is more limited than uncertified traditional used cars.

Additional cost: CPO cars are cheaper than new cars, but often more expensive than traditional used cars.Check out the guide above CPO car with the highest premium Understand the additional cost of a CPO car compared to a traditional used car. When considering additional costs, it is important to understand the additional protection you are getting to see if it is worth it. One way to check is to investigate the estimated repair cost during the warranty period by comparing it to an equivalent non-certified used car. Keep in mind that CPO cars are often negotiable, so you may be able to consult your dealer for a more budget-friendly price.

Required maintenance schedule: One of the potential drawbacks of CPO vehicles is that the CPO program requires that services such as oil changes and tire rotation follow the manufacturer’s maintenance schedule. Failure to follow this schedule may void your warranty. This maintenance work must also be done by the franchise dealer. This can be a potential drawback if you have your own trusted mechanic. Some CPO programs include deductions for all eligible repairs, so make sure you understand the terms of the warranty and that even eligible repairs can be costly. ..

Conclusion:

Consumers should always conduct a survey before making the final decision to buy a CPO car. In some cases, buying a certified used car may not add a significant amount to the cost of a traditional used car, and special financing transactions can even save you money in the long run. increase. Conversely, some CPO vehicles come with high premiums that can exceed the amount you pay for maintenance costs. Vehicles that are reliable and have low maintenance costs are likely to not need to be repaired under the CPO warranty, so you can buy a smarter used car.

Other articles on iSeeCars.com:

If you are interested in new and used cars, be sure to check out the award-winning iSeeCars.com. Car search engine..Using advanced algorithms, it helps shoppers find the best car deals on all vehicles and provides important insights and valuable resources such as iSeeCars. Free VIN check With a report The best car Ranking. You can also search for CPO cars only. Filter by manufacturer, model, interior color, exterior color, price, fuel type, and special features to find the best deal on your next vehicle.

This article, What does a certified second-hand product mean? Originally appeared on iSeeCars.com.

What does a certified second-hand product mean? Understand CPO cars

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