How To Compare CPO Vehicles
When it comes to adding a second car for your domestic purposes or you need a comfortable vehicle for your daily commute in hours of traffic, purchasing a used car makes total sense. But rather than going for the often chosen track of buying a used car, think about getting a CPO one. Certified Pre-Owned vehicles are used vehicles which have passed the automobile manufacturing companies’ inspection conditions.
So, basically, these automakers are giving their models once-over and re-releasing them into the market, packaged in the conditions which make them almost equal to brand-new vehicles. These are available at franchised dealerships of automakers. That means, you can buy a manufacturer’s model only at their authorized dealer; whereas, used cars can be sold at any dealership, regardless of the brand.
What is Dealer CPO
Other types of certified vehicles are by dealer standards only, which are nothing more than used cars featuring an extended warranty. Beware of these third-party warranties provided on these cars since they differ from the factory certification. In these cases, instead of blindly going by the information handed out to you, it would be in your best interest to bring along a professional for further inspection. When you feel that the inspection report meets your needs, you can sign the deal.
Warranty Terms and Conditions
Make yourself acquainted with the terms and conditions and ask for any explanations you need in the warranty agreement. There are different types of warranties, including limited mileage warranty for a certain number of miles, lifetime upgrade warranty, powertrain warranty which covers engine, transmission, etc.
When you sell the vehicle after the lease time, the new owner of the CPO is eligible to get the same warranty at no additional cost. Some brands offer warranty on CPO which start from the date of first purchase and some start when the original warranty expires.
You can get free subscriptions to satellite radio on trial basis or security from collisions and corrosion resistance coverage, etc. These are only a few of the benefits you can receive if make the right choice.
Other CPO plans offer to cover your travel expenses and any interruptions during your journey.
With your warranty, the list of parts covered will be provided. Check whether the basic wear and tear prone items are included. Most parts are only inspected to pass the standards set by automakers and some are replaced depending on their degradation. It befalls on the buyer to ensure that parts like brake system, tires, etc. are repaired or replaced as per your satisfaction.
There are plentiful loans available with low interest rates. The cost of the CPO is bound to be higher than used cars, owing to the manufacturer’s standardised procedures in qualifying the vehicle for certification. But, when you look at the advantages you get with opting for a CPO vehicle, you would be certain that you made the proper choice.