This summer, you may have heard a lot about “certified pre-owned” cars. This is a new term in the used car industry, but the idea is catching on, and more car dealerships are starting to offer this option to buyers. Many are even bringing this status into their dms software to keep track of how many they have of these in inventory. Is this a good thing? You may be wondering if certified pre-owned car sales are a good thing because we’ve heard of some… bad things that have happened to people who bought used cars. So, let’s look at the facts to see if certified pre-owned cars really are a good thing.
While you may be waiting for the next generation of cars to be built, your options are limited when it comes to getting a used vehicle. But buying a certified pre-owned or used car can be a good choice. While some certified pre-owned vehicles are not as dependable as a new car, you can also find some used cars that can be highly dependable. You can find certified pre-owned vehicles in all shapes and sizes, and you can also upgrade to a new car.
What are Certified Pre-Owned Vehicles?
The typically used car buyer may not be aware that their purchase is a Certified Pre-Owned Vehicle, which means that the vehicle was inspected, examined, and certified by a licensed car dealer as being in good working order before its sale. These kinds of cars are usually monitored internally by dealers on their own software (be they one from https://www.vinsolutions.com/dealership-software/connect-crm/ or an original system), and so the documentation should be easy to track. It is important to note that a CPO vehicle has not been driven by the original owner but has been driven by another party under the terms and conditions established by the dealer. Unlike a brand-new vehicle, a CPO vehicle may have minor cosmetic blemishes or may have been driven by a third party before the owner.
Certified Pre-Owned (CPO) cars are highly sought-after cars that are purchased from the seller before the car has been driven by the first owner. They are classified based on a scale of 1 to 10, with 10 being the highest. CPO cars have great resale value because of their high quality and low mileage. A CPO car is purchased with the idea that it will be driven for a certain period of time and then traded at a predetermined time.
• It gives you peace of mind.
While buying a pre-owned car is often a great deal for the buyer, the benefits of buying a certified car may not be as known. This assurance of a vehicle’s safety and quality is one reason why many people prefer to buy a certified car.
• The car is pre-selected and inspected.
As you might have noticed, we love to buy Certified Pre-Owned (CPO) cars.
In the long run, we find that these cars offer extra inspections and repairs performed by the dealership and the fact that the car is already mechanically sound.
However, as you might guess, we often find that the vehicles we buy are not always perfect.
In the case of CPO vehicles, we’ve found that the cars tend to have a few imperfections and even a few cases where the cars have been in accidents.
We’ve also found that the problem of previously owned vehicles having mechanical problems isn’t always limited to CPO vehicles.
• Cars are covered with a warranty
When you buy a certified vehicle from a dealership, you’ve probably taken advantage of the warranty covering major repairs. But the warranty also covers more minor repairs, including brake pad replacement, transmission fluid replacement, and headlight bulb replacement. However, it’s important to read the warranty first and understand what limited coverage it can provide. The Certified Pre-Owned Vehicle program was introduced by the National Highway Traffic Safety Administration (NHTSA) in February 2012 in an effort to make it more feasible for consumers to purchase a used car that has been inspected and certified to have passed a set of safety standards. NHTSA didn’t establish a set of standards for CPOs, instead of letting automakers determine the criteria they’d use to quality used vehicles.
• Certified cars cost more.
Many used car shoppers are unaware that the price of a certified pre-owned vehicle (CPO) is significantly more expensive than a new car. This is because the CPO certification process adds new fees and charges to the wholesale price of the vehicle, compared to a new vehicle’s original retail cost that is paid by the dealer. This is because the CPO process requires a vehicle to be inspected and certified by a third-party inspector. Don’t be fooled by used car ads that tout cheap prices. These cars are rarely cheap, and if you’re looking for a reliable used car, this may not be the way to go. The problem is that used cars are often sold as a second or even third vehicle, and they often have more than 50K miles on the odometer when they’re sold. This means that not only do they have to be in good shape, but they have to be reliable as well.
• It is still a used car that can have the potential for problems.
It’s a used car, with potential for problems. It’s a used car, with a warranty and a service plan. It’s a used car that you can drive off the lot and start using. It’s a used car with a title and plate and a document that says it’s not stolen, ever. It’s a used car with options that you can get for a new car for less money, including maintenance. It’s a used car, with a warranty and a service plan. It’s a used car that you can drive off the lot and start using. It’s a used car with a title and plate and a document that says it is fine.
All in all, it should be harmless to go for a used car, but keeping an open mind about potential issues is still important.