Why Buy Certified Pre-Owned vs New Vehicles?When you’re ready to purchase a vehicle, plenty of options are available to you and your best bet may not be the “new” vehicle you’ve been eying. The truth is, unlike most purchases, buying “brand new” can have more disadvantages than advantages when it comes to buying a car.
Lower Overall Price, But Guaranteed Quality
- Certified Pre-Owned vehicles may not be brand new, but they are typically late model, low mileage vehicles with a clean vehicle history. These things are required in order to meet the criteria for “certified pre-owned” programs. But because they aren’t the most recent model, they can be considerably less expensive.
Less Cost Depreciation
- It’s no great secret that new vehicles begin to depreciate as soon as you drive them off the lot. Vehicles depreciate as much as 10 percent as soon they’re purchased and lose an additional 10 percent in the next year after purchase. Certified Pre-Owned Vehicles are sold a lower price tag that reflects their true value without much loss later.
Extended Warranty Protection
- CPO programs often offer extended warranties. These warranties provide everything from roadside assistance to loaner car reimbursement and coverage of repair costs These extended warranties can offer protection as much as a year after your traditional warranty ends.
- In addition to being certified for quality. Certified Pre-Owned vehicles undergo an extensive inspection process as part of the CPO program. A multi-point inspection of CPO vehicles is standard and checks the many key areas and major systems of the car. A multi-point inspection includes a check of things like tires and brakes, wipers and signals, filters, drive shaft, fuel lines, transmission, hoses, the battery and so on.