Most people cannot afford cars right out of the showroom. Certified pre-owned (CPO) cars offer a way to own a late-model vehicle at affordable rates. The most significant advantage they offer is that CPO cars must meet specific criteria the manufacturer sets. However, people often complain that such cars are the costliest in the long run.
Before we proceed, being costly in CPO cars doesn’t necessarily mean crazy expenditures. It simply means they slightly cost more than regular used cars and are pretty much due to some factors we will get into.
So, certified pre-owned cars cost more but can also have these benefits:
1. Multipoint Inspection:
We all live for guarantees, don’t we? Especially when we are buying something as expensive as a car. Certified pre-owned vehicles offer just that. A certified pre-owned car must go through a multipoint inspection by certified and well-trained personnel from the dealership and the manufacturer.
2. Extended Warranty:
New cars enjoy the benefit of a warranty from the manufacturer. With regular used cars, these warranties are either long expired or do not exist at all. On the other hand, certified pre-owned vehicles come with an extended warranty from the manufacturer and the technicians at dealerships.
3. Vehicle History Report:
You also get a complete vehicle history report when buying a certified pre-owned car. This report contains information about the car’s previous owners, accidents or repairs, and other essential data.
4. Buyback Protection:
Most dealerships offer certified pre-owned cars with buyback protection. Utilizing this program, you can have the safety of literally your vehicle back in case you find any intrinsic problem with your CPO vehicle.
5. Lower Interest Rates:
Another major perk of certified pre-owned cars is the lower interest rates. If you have to finance your certified pre-owned vehicle, the interest rate will be relatively lower than your “cheaper” option.
6. Better Depreciation:
Due to the CPO title, these vehicles experience better depreciation. In other words, these cars hold their value much better than other used cars. So, if you do decide to sell or trade in your certified pre-owned car, you’ll be able to get a better ROI.
7. Easier to Finance:
Several financing options available for certified pre-owned cars give another reason for their popularity. You can often find certified pre-owned vehicles with low financing rates and long-term payment plans.
8. Better Insurance Coverage:
Insurance can make your car buying process much more manageable. Certified pre-owned cars often come with better insurance coverage than other used cars. This insurance happens due to these cars having the manufacturer’s warranty.
End Note:
There is no end to why certified pre-owned cars are your best-used car option. Not only do they give you peace of mind, but you can also rest assured that your car will be free of mechanical or electrical defects.
So, did these benefits change your mind? Is buying a certified used car an option you will consider? If yes, then Mike Patton Honda, serving Stovall, GA, can be your certified pre-owned car dealer. Look at our certified pre-owned Honda inventory or learn more about CPO benefits!
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