Why CPOs are Closer to New Cars Than You Realize

March 17th, 2017 by

Certified preowned cars are often compared to used vehicles, and this makes plenty of sense. After all, they were previously owned by another consumer, so they don’t offer the same sparkle that new cars promise. However, that’s about the extent of the similarities. Sure, the “previously-owned” factors group these two into the same category, but the fact that they were both previously owned by another person is essentially the only similarity.

These CPOs are more comparable to new rides than you’d think. Their quality is essentially on the same level, as the only difference could realistically come via the mileage on the odometer. Furthermore, the certified preowned cars are just as reliable as their newer counterparts, thanks to an extensive inspection that each car is required to go through. For those who are finding that a new car may be just outside of their budget, a CPO should be a preferred option over a used car.

If your current ride appears to be at the end of its rope, it’s probably time to start looking for an alternative. In this case, it may be in your best interest to pursue a certified preowned car. Below, we’ll explain why this option may be more similar to a new car counterpart than you’d initially anticipate…

Warranty

Regardless of which brand’s cars you opt for, it’s almost guaranteed that the new car will be accompanied by some type of warranty. This is an excellent advantage for the customer, as they’ll have some protections for any issues they may come across. These offerings often last at least five years, or it might also be attached to a certain mileage threshold (100,000 miles is a popular inclusion). In other words, you could have the opportunity to acquire some long-term protections for your purchase.

Meanwhile, a certified preowned car’s warranty won’t necessarily offer all of these advantages. A dealership may just attach the remainder of the original warranty to this vehicle, so that means a customer could be eying protections for possibly only half a year. A dealership could alternatively offer their own warranty, or the brand may offer a warranty that accompanies all of their CPOs. However, there’s a good chance that these offerings don’t provide nearly the number of protections that are offered via new cars.

Usually, a warranty offered by the brand will provide more advantages than those offered by a dealership. It’s important to understand all of the details regarding any warranty before you opt for a particular purchase.

Either way, it’s important to remember that any type of warranty is better than no type of warranty. These protections are practically essential, especially when you’re dealing with a used car. A dealership or brand will make sure that each individual vehicle undergoes an extensive inspection (this is often how vehicles earn their “certified preowned” tag in the first place), but a warranty will protect you from any issue that may have been hiding below the surface.

If you’ve been considering a used car, the advantages of a CPO are obvious. These certified preowned cars provide their drivers with some protections, no matter the length of the warranty. Used cars will likely have zero warranty, so you won’t have the same peace of mind when it comes to the car’s reliability.

Cost

Certified preowned vehicles are sometimes knocked for their price tags. More often than not, these CPOs are more expensive than their used alternatives. Sometimes, these CPOs can even rival the overall values of new cars. However, the price tag usually justifies the vehicle’s quality.

As mentioned, each brand will make sure that their certified preowned vehicles are just as reliable as their newest models. Each of the cars undergoes an extensive inspection test that often includes more than 100 steps. This means mechanics check out every single aspect of the car, including the engine, brakes, and suspension. They’ll even inspect the interior or exterior for any signs of damage, and the history report will also clue them in to previous accidents or collisions.

As a result, the price of these certified preowned cars will often rival the stickers seen on new cars. However, this shouldn’t be much of a surprise. Considering the reliability of these vehicles, these cars can be just as safe as any of those newer models. The price will predictably be based on the mileage and year, so you won’t overpay for an older ride. Furthermore, many consumers like to trade in their recent-year vehicles for the newest model, meaning relatively new certified preowned cars are flooding dealership’s lots.

As a result, these certified preowned cars are on par, quality-wise, with newer versions. If a customer finds that he or she can’t afford the current model year of a particular vehicle, then he or she may be able to find a recent-year, certified-preowned version of that same car. Or, customers could opt for one of the CPO versions if they’re looking for extra features or amenities that may normally be unattainable, according to their personal budgets.

On the flip side, these certified preowned cars may be the perfect choice for those seeking a vehicle that’s a tier above a traditional used model. Customers will surely find a higher quality ride by opting for this route, and they will also have an easier time finding mileage that better fits their wants and needs.

Whether you’re comparing it to a used vehicle or a new vehicle, the benefits of a certified preowned car are clear. The CPO provides that level of reliability and trust that a basic used car cannot, and their quality (and, presumably, mileage) will also represent an improvement. Meanwhile, certified preowned cars provide practically everything new vehicles can but at a lower price. Regardless of your financial situation, there’s a good chance that a certified preowned car is the proper choice for you.

So, what are you waiting for? If you’re considering a certified preowned car, you should be visiting your local dealerships as soon as possible. The sooner you get down there, the better.