Often abbreviated as CPO, a certified pre-owned car is one that is inspected and in some cases refurbished by the original manufacturer of the car.
After the inspection of the car, the vehicle receives a certificate and can now be sold as a certified pre-owned model.
Most CPO’s are the result of leases and fleet cars. With so many used cars entering the market, now may be the best time to obtain a certified pre-owned vehicle.
Certified Pre-Owned Cars and Used Cars
To qualify as a CPO, a car must go through a rigorous inspection process and meet certain standards that are set by the vehicle manufacturer.
Most CPO cars must be in very good condition in terms of the interior and exterior.
Depending on the manufacturer, the car must be a certain age (usually no more than 5 years old) and must have low mileage (usually less than 70,000).
CPO cars are different than a regular used vehicle since you can safely assume that the car has had a full inspection and is in like new condition again.
When you purchase a CPO vehicle, you may also be offered free add-ons like roadside assistance, a discount on financing, and even a warranty to cover the car.
Note that each and every dealership and manufacturer is different, and thus so are the options that come with the car.
Since CPO cars have been inspected and vetted to be in top shape, they do cost more than a standard used car that you can find at a used car dealership.
However, if you choose to purchase a used car, you can save money by purchasing an extended auto warranty to help cover the costs of repairs.
Best Time to Purchase a CPO
The ideal time to purchase a CPO car depends on the manufacturer and the time of the year.
Typically, dealerships like to get rid of old and sitting inventory by the end of the year in order to make space for newer models.
If you are considering purchasing a CPO car, there are a few things you should check on. First and foremost, ask the dealership what their process is of certifying a car.
Also, you still have the option to take the car to your own mechanic for inspection.
After all, humans make mistakes and there is a possibility that not all things needing repair were fixed.
Once you have found the right CPO at the right price, bring these documents to the dealership to complete the sale.
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