The Top Benefits of Buying a Certified Pre-Owned Vehicle

 

The Top Benefits of Buying Certified Pre-Owned Cars

A car might be the most expensive purchase that you ever make. Go used! Find out here the top benefits of buying certified pre-owned cars.

Keyword(s): certified pre owned cars

A new study has found that Americans aren't buying new cars.

Instead, they are buying "nearly new" used vehicles.

These cars and trucks are part of programs sponsored by car manufacturers that allow consumers to purchase vehicles that are almost new at an affordable price. Consumers no longer have to weigh the pros and cons of buying new vs used.

Certified pre-owned cars offer the best of both worlds and Americans are taking note. If you are looking to purchase a new vehicle, going certified pre-owned might be right for you.

Keep reading to learn more about the top benefits of purchasing an almost new vehicle. 

What Are Certified Pre-Owned Cars?

Before we dive into the benefits, let's take a minute to explain what certified pre-owned means for car buyers.

Certified Pre-Owned (CPO) cars offer buyers the benefits of buying used with less of the risk. Many car shoppers are hesitant to purchase brand new vehicles because of the steep depreciation in value that takes place after the first year.

At the same time, buyers are hesitant to buy used vehicles because of the uncertainty and the risk of getting a bad apple. Here's where CPO cars come in.

Certified used cars are part of programs sponsored by the car's manufacturer. This is how you know that what you're getting is the real deal.

These cars are sold by new car dealers. They are practically brand new but offered at the price of a used car because they have already depreciated in value.

These cars go through inspections and reconditioning. They come with a manufacturer warranty and other benefits. They're also low mileage. 

Now, let's break down the benefits of CPO cars in more detail.

CPOs are Barely Used

Certified pre-owned programs are only offered for cars with a recent model year and low mileage.

The specific limits are set by the manufacturer but the standards are generally high. This means that not just any car that was purchased at auction, traded in, or returned from leasing will qualify as a CPO vehicle.

Many of the vehicles you will see in the program are lease returns. This is because leases require vehicles to be extremely well maintained and do not allow for modification or damage.

These vehicles usually come back with few miles on the odometer and only a couple of years after they were produced. 

They Include a Warranty

While it depends on the specific manufacturer, most CPO programs include warranties that are just as good as you would get with a brand new vehicle.

These are usually bumper to bumper warranties that include powertrain coverage and extended time and mileage. The warranty programs offer buyers peace of mind about the cost of owning the vehicle over the next few years.

You can rest easy knowing that you won't have to foot the bill for unexpected repair costs. Talk to your dealer about the warranty offered on the specific vehicle you are interested in as there may be exclusions or deductibles for certain components like navigation systems. 

CPO programs used to only be offered by luxury brands. That's no longer the case.

It's important to note that the warranty programs offered by non-luxury brands often aren't as good as those of their luxury counterparts. The exception to this is Hyundai.

Hyundai is known for having a CPO program that offers the balance of the vehicle's original warranty to the buyer of a vehicle in their CPO program.

They Haven't Been Damaged

One of the biggest concerns car shoppers have with buying used is the risk of purchasing a car that has been involved in a major collision.

Record keeping has gotten better, but records aren't always accurate. If a car has suffered major body damage or frame damage, it won't be eligible for the CPO program.

Exactly what is allowed is determined by the manufacturer, so each program will differ slightly. 

They Come with Deals

Certified pre-owned vehicles are often sold with special financing deals. These can save you serious cash when it comes to financing costs over the term of your loan.

Low-interest rate deals are common. If you go through your bank or credit union for financing, they will likely offer you the same or similar rates as you would get for a new car because CPOs have a great reputation among financiers. 

They've Passed Inspections

As we mentioned before, CPO cars are part of a manufacturer-sponsored program and come with special extended warranties.

For this reason, manufacturers want to make sure each car is in great condition before offering it for sale. These inspections cover every major system and include hundreds of inspection points.

If any items are found to be in need of repair, the inspection report will document this and the repair that was done. 

Other Benefits

CPOs often come with more benefits than just warranties and inspections.

These benefits include roadside assistance, rental vehicles or transportation if a repair is needed and no-cost maintenance. You may even get a free trial of satellite radio. 

Test Drive a CPO Today

If you are in the market for a new vehicle, make sure to check out your dealer's certified pre-owned cars.

Vehicles in this program offer most of the benefits of buying a new car as well as the benefits of buying a used car. The peace of mind in knowing that your car is in great shape is alone worth as much as the reduced price tag.

To learn more about your options, contact us today.

Categories: Pre-Owned Inventory
Taylor Hyundai, Auto Dealers  New Cars, Augusta, GA