Certified pre-owned programs are offered at just about every dealership. CPO is an increasingly popular option for shoppers looking to get more bang for their buck and offers the peace of mind not normally associated with buying a used car. Before you head to your dealership, there are a few things you should know about buying a certified pre-owned vehicle.
CPO vehicles come with a warranty backed by the manufacturer. Maybe the biggest advantage of buying a CPO vehicle is the extended warranty that comes with it. Some dealerships offer a dealership-backed warranty, while others offer a manufacturer-backed warranty, depending on the manufacturer and dealership. If you travel regularly or plan to move, it’s important to make sure that your dealership offers a manufacturer-backed warranty, so that you can get your vehicle serviced at any dealership.
The rise in popularity of leasing means you’ll have more options. Customers who lease their vehicles are required to exchange their car every time their contract is up (every few years), meaning that dealerships now have a consistent influx of well-maintained, low-mileage vehicles ready for resale.
There are more perks than just a warranty. Look for a detailed and thorough inspection report, vehicle history report, and available roadside assistance programs. Also, CPO buyers often qualify for the same low financing rates that new car buyers get.