So, you’re in the market for a new car. You’ve read up on your options and are considering buying a certified pre-owned (CPO) car. But is it worth the extra money? This article will examine what CPO cars are all about and whether they’re worth the extra cost. Stay tuned!
What Does a CPO Mean? –
The manufacturer inspects CPO cars and must meet specific criteria before certification. This usually includes a thorough inspection, reconditioning, and an extended warranty. Certified pre-owned cars are typically late-model vehicles that have low mileage.
Should First-Time Buyers Purchase a CPO? –
Buying a CPO car helps first-time buyers balance the benefits of a new and pre-owned vehicle. Users enjoy the exclusivity of a brand-new ride at a price tag that doesn’t break the bank. Certified pre-owned cars are also low-risk because of their extended warranties.
Downsides of Buying a CPO Car? –
The most significant disadvantage of certified pre-owned cars is that they can be pricey. Although certified pre-owned cars cost less than a new vehicle, they’re still more expensive than your average used car. In addition, certified pre-owned cars may have higher interest rates and monthly payments.
What Are the Benefits that Make CPO Vehicles Worth It? –
- Warranties –
The first benefit of certified pre-owned cars is that they come with extended warranties. Most certified pre-owned programs offer bumper-to-bumper or powertrain coverage for a particular period/mileage. This means that if something goes wrong with your car, you’re covered.
- Inspection –
Certified pre-owned vehicles must undergo a rigorous inspection before entering the market. The inspection process includes a multi-point inspection of the car’s interior, exterior, and under the hood. Certified pre-owned cars are also required to have a clean title history. This means the car hasn’t been in significant accidents or is well-maintained.
- Easy to Insure –
The rigorous inspection process and the exclusive certification mean insurance companies do not think twice before insuring a CPO car. Insurance companies will offer lower rates for certified pre-owned cars because they view them as low-risk vehicles.
- Depreciation –
A certified pre-owned car has already taken its biggest hit in depreciation. The car’s first owner experiences the initial drop in value when they drive the car off the lot. When a certified pre-owned car hits the market, it has already lost a significant chunk of its value.
- Better Financing –
CPO cars come with better low-interest rate financing. The certified pre-owned program was designed to give buyers an alternative to new cars, which is why most CPO cars often come with great financing deals that make them even more affordable.
So, are certified pre-owned cars worth it? The answer is a resounding yes. Certified pre-owned cars offer the peace of mind of a new car warranty and the affordability of a used car.
Feldman Chevrolet of Lansing, serving Charlotte, MI, has an inventory of certified pre-owned cars that will fit your needs and budget.
Browse our CPO inventory, and get your hands on a new ride in a smooth, hassle-free process!
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