Is certified pre-owned a good idea?
There is always some risk involved in buying a used car, but with a CPO vehicle, it is typically lower. Mechanics who are trained to spot trouble have inspected it. A manufacturer backs it with a limited warranty — and maybe a powertrain warranty, too. There is always some risk involved in buying a used car, but with a CPO vehicle, it is typically lower. Mechanics who are trained to spot trouble have inspected it. A manufacturer backs it with a limited warranty — and maybe a powertrain warranty, too.A CPO car generally costs more because the program helps mitigate the risk of buying a used vehicle. While some used car dealerships offer warranty coverage on uncertified used cars, it’s typically very basic, covering only the engine, transmission and drivetrain, for a short period of time such as 30 or 90 days.CPO Vehicles Still Have a Lot of Life in Them Unlike older used vehicles that may have significant wear and tear, CPO vehicles are typically younger and have lower mileage, ensuring you get a reliable and long-lasting vehicle without the price of a brand-new car.CPO Minis must be no more than 5 years old and have under 60,000 miles. CPO limited warranty coverage is for one year and unlimited mileage after the four-year/50,000-mile new car warranty runs out.
What is the difference with certified pre-owned?
Buying a CPO Car: What You Need to Know They’re thoroughly inspected pre-owned vehicles that are backed by manufacturer warranties and have passed a rigorous inspection completed by a certified technician. They’re a gold standard of used cars and only models that meet the OEM’s CPO program standards earn the title. Your CPO car should have checks for everything from the engine and transmission to the brakes and suspension. Some brands even provide detailed overviews of the inspection points online, which can give you that extra confidence you’re getting a top-notch model.Remember that certified pre-owned cars usually have a higher price tag than regular used cars. This is because they have undergone a rigorous inspection process and come with a warranty. So, while you may be able to negotiate on the price, it is important to ensure that you are getting a good deal.You can — and should — negotiate on CPO vehicles, just like you’d negotiate on any new or non-certified used car. As with any negotiations, we recommend fixating on the out-the-door price of the car, including all taxes and fees.If you want to save money by buying a used car but have reliability concerns, a certified pre-owned (CPO) car may be the ideal solution. These cars have warranty coverage provided by the automaker and must pass a multi-point inspection before hitting the dealer’s lot.