What are Certified Pre-owned Cars?
It is always a hard decision – new car or used car? Many don’t know that a third option, a car that balances the luxury of new with budget of used, exists. A certified pre-owned car (CPO) is a vehicle that has been inspected, refurbished and certified by the manufacturer before it’s put out for sale. Having a used-car that is in great condition and certified might seem too far-fetched, but if you do your research, you’ll quickly realize that it can be a reasonable investment.
Here are 3 questions you should ask CPO cars before you step into a dealership:
Who certifies CPOs?
There are two different types of certifications for CPO cars. Dealer-certified cars are authorized by the dealership in adherence with their standards. Manufacturer-certified means that the car has met specific requirements backed by the maker of the car. Some instances of manufacturer-certified features include: the model of the vehicle must be 6 years old or less, 24-hour roadside assistance is included, and there is a warranty length of up to 72 months.
- Question the dealership: Is this vehicle a part of the CPO program?
How does a car become qualified?
CPO vehicles are the highest quality used cars that you can buy. When a dealer receives a used car, it is put through inspection by a factory-certified mechanic. If the car meets the standards, it is then repaired (i.e., brake jobs, front-end services, oil change, etc.) and offered for sale as a CPO vehicle. If you decided that you would like to obtain a qualification for a CPO car, your vehicle will hold better value if you happen to do a trade-in later down the road. This is a great incentive to keep your car running smoothly.
- Ask the dealership: Can I look more into the cars’ history?
Is there a catch?
If you happen to have your next car CPO certified, you’ll be paying more for it. Costs can range anywhere from $200 up to $3,000 extra. However, compared to a non-certified car, you’ll be less likely to experience issues given the measure of inspection. This means that you’ll not only be saving money, but you’ll also be keeping safe on the road.
- Ask the dealership: When does the warranty coverage start and what does it entail?
Purchasing a used vehicle that is certified ensures that its condition is like buying new. In comparison to used-cars that are bought as is from a dealership, Certified Pre-Owned Vehicles are packaged with an extended warranty and subjected to an in-depth inspection that will provide you some serious peace of mind.
Canada Auto Experts works with dealership that only deal with well-inspected and certified vehicles. If you are looking to take advantage of a CPO along with good credit, visit Canada Auto Experts or call 1-855-550-5565 to talk to a car loan specialist.