When you’re looking for the perfect vehicle, the decision between a new or used car is a daunting task and typically a money issue. You may not want to spend an exorbitant amount of money on a vehicle when there are great used models that provide a much more affordable option. You may be experiencing worry, though, that you may have less life in a used vehicle and you may run the risk of spending the money saved on repairs. However, there is a best-of-both-worlds solution: a Certified Pre-Owned (CPO) vehicle. Here are four reasons to consider spending a little extra on a CPO model.
Inspected by the Manufacturer
What makes a CPO vehicle? The certification comes from a thorough multi-point inspection administered by the manufacturer, ensuring a vehicle that’s in tip-top shape and won’t spark problems the second you leave the lot. While inspections are mandatory and the vehicle must pass every point of the inspection to be certified, it’s still a great idea to have the vehicle checked by a mechanic you trust. Cars aren’t cheap, and you want to be sure you’re spending your money wisely.
A Lightly Used and Well-Maintained Vehicle
Part of the inspection stipulations mandates low age, low mileage, and frequent maintenance. Most CPO vehicles are formerly leased vehicles, which means previous drivers most likely had to adhere to strict mileage usage and kept their cars in the best condition possible so they would not be charged extra. At most, expect around 70,000 miles on the vehicle, though most CPOs are only about 3 years old with fewer than 40,000 miles.
Extended Warranty
Most CPO models come with an extended warranty to give you even more peace of mind. The warranty you’re guaranteed means the manufacturer covers the costs of any repairs you may need, and the manufacturer wants to ensure that you’ll have no need to bring the vehicle back for repairs. Not every extended warranty is the same, though, so be sure to do your research into what your CPO vehicle’s warranty will cover. Some extend the original warranty by more miles or time, while others have warranties that start after you purchase the vehicle. To make sure you’re getting the most for your money, you’ll want to have a warranty that’s worth it.
Financing Deals
While CPO models may have higher costs than non-certified models, manufacturers, banks, and lenders often offer low-interest financing deals for these vehicles. This means CPO models are treated more like new cars than used ones. Uncertified vehicles often have higher interest rates that may significantly raise the total amount you’re spending on the vehicle. And, as with any vehicle purchase, you still have the power of negotiation. Don’t be afraid to haggle just because the vehicle you have your eye on is a Certified Pre-Owned model.
Do yourself a favor and take some of the stress out of shopping for a used car. Considering a Certified Pre-Owned vehicle means considering a lightly used and well-maintained vehicle with a few extra perks that a non-certified vehicle can’t offer. Along with your due diligence, the certification gives you the peace of mind you need to finally make the car of your dreams a reality.
Image via Flickr by thematthewknot
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