“Certified” pre-owned cars are a great option for buyers who want to take advantage of a newer model car at a lower price with the security of a dealer’s warranty.
All things considered equal, it costs more to buy a certified pre-owned (CPO) vehicle than it does to buy the same used vehicle when it is not part of a CPO program. However, while non-CPO vehicles are typically less expensive, they are not equal to CPO vehicles. Here's why:
Only Vehicles in the Best Condition Qualify--Late-model, low-mileage vehicles with clean vehicle history reports are accepted into certified pre-owned programs sponsored by auto manufacturers. If a vehicle does not meet specific criteria, which varies depending on the automaker, it cannot become a CPO vehicle. …show more content…
Extended Warranty Protection--Many CPO programs extend both the original basic and the original powertrain warranty on a CPO vehicle. Typically, those companies that provide shorter-term time and mileage limits for the original new car warranty are likely to extend their CPO programs by significant amounts in an effort to be competitive. Other manufacturers that provide generous new car warranty coverage may not increase limits for their CPO vehicles as much or at all. Rather, the remainder of the new car warranty is transferred to the new owner.
Roadside Assistance--Most certified pre-owned programs provide free 24-hour roadside assistance that lasts for the duration of the extended basic warranty coverage. This service assists owners who may run out of gas, lock themselves out of their vehicle, need a jump-start,
All things considered equal, it costs more to buy a certified pre-owned (CPO) vehicle than it does to buy the same used vehicle when it is not part of a CPO program. However, while non-CPO vehicles are typically less expensive, they are not equal to CPO vehicles. Here's why:
Only Vehicles in the Best Condition Qualify--Late-model, low-mileage vehicles with clean vehicle history reports are accepted into certified pre-owned programs sponsored by auto manufacturers. If a vehicle does not meet specific criteria, which varies depending on the automaker, it cannot become a CPO vehicle. …show more content…
Extended Warranty Protection--Many CPO programs extend both the original basic and the original powertrain warranty on a CPO vehicle. Typically, those companies that provide shorter-term time and mileage limits for the original new car warranty are likely to extend their CPO programs by significant amounts in an effort to be competitive. Other manufacturers that provide generous new car warranty coverage may not increase limits for their CPO vehicles as much or at all. Rather, the remainder of the new car warranty is transferred to the new owner.
Roadside Assistance--Most certified pre-owned programs provide free 24-hour roadside assistance that lasts for the duration of the extended basic warranty coverage. This service assists owners who may run out of gas, lock themselves out of their vehicle, need a jump-start,