Dealers tout CPO cars as the better choice because of their extended warranty, near-mint condition, and savings over buying new. But CR’s auto experts say that a regular used car can be a better value.
What’s the difference between certified pre – owned and used cars? A CPO car comes with a complete inspection that repairs any damaged or worn parts before being offered for sale. A used car usually only offers the remainder of the factory warranty and only if it’s still in effect and fully transferable.
A certified pre – owned car or CPO is a type of used car. CPOs may be late-models, differing from other used cars by having been inspected, refurbished, and certified by a manufacturer or other certifying authority. They also typically include an extended warranty, special financing, and additional benefits.
A manufacturer certified pre – owned vehicle is a low mileage car, truck, or SUV that has been inspected from headlights to rear bumper and includes an extension of the original manufacturer warranty. A non- certified used car may not have been inspected and will not come with an extended factory warranty.
Yes, you are allowed to negotiate when you ‘re buying a certified pre – owned car. After all, you ‘re paying a premium for that inspection and certification, so it just makes sense to try to negotiate the price down.
Best Non- Luxury CPO Programs 1) Hyundai. Warranty: Remainder of the original five-year/60,000-mile bumper-to-bumper warranty and 10-year/100,000-mile powertrain warranty. 2) Kia. Warranty: Remainder of the original 10-year/100,000-mile powertrain warranty. 3) Honda and Mazda (tie) 5) GM Brands (Buick, Chevrolet and GMC)
The primary benefit of going the CPO route is that you’re purchasing a solid two- or three-year-old car, SUV, or truck that has already depreciated significantly. Some CPO vehicles are even available with a low-interest lease, similar to a new car’s.
Yes, a vehicle that has been in an accident can be certified! Certified Cars are about meeting a standard, so if a car was in a very minor fender bender it is certainly possible for a dealer to say that vehicle is still of a very high quality.
A salesperson may demur to any comparisons between certified and non- certified listings, but the latter can still inform your negotiations. If a dealer lists a CPO car for 20% more than a non- certified example of similar age and condition at a showroom down the street, that’s a hard price to justify.
Typically, you’ll get a vehicle history report. That’s your proof that you have a certified pre – owned car or truck. It will include details such as the VIN that identify the ride conclusively. Some may also drill it down to the individual parts, especially for classic ones where you must have the pedigree.
Here are the steps we recommend for getting the best deal on a CPO car. Understand the warranty. Check dealership inventories for your CPO car. Look up special pricing for CPO cars. Test drive and visually inspect the car. Ask to see the inspection report. Negotiate your best deal. Be ready for upsells.
CarMax offers a program called CarMax Quality Certified, which in some respects is similar to a manufacturer’s certified pre – owned program but does have its differences. They’re similar in that every CarMax used car undergoes a 125+ point inspection including: engine and transmission, plus cooling and fuel systems.
10 Things You Should Never Say to a Car Salesman “I really love this car ” You can love that car — just don’t tell the salesman. “I don’t know that much about cars ” “My trade-in is outside” “I don’t want to get taken to the cleaners” “My credit isn’t that good” “I’m paying cash” “I need to buy a car today” “I need a monthly payment under $350”
How many miles are too many? Really, it depends on a lot of factors but, if in doubt, shoot for the 12,000-mile/year average. Even so, don’t be afraid of cars that are outside of this range, provided the used car in question has been well maintained and there are records to show that.
Auto manufacturers tack on anywhere from 2 to 8 percent of the original used- car price for that certification sticker, experts say. Typically, the higher-end the model or brand, the higher the percentage on the certified pre-owned car.