SHOPSMART AUTOS – CUSTOMER INFORMATION – JULY 27, 2021
WHAT IS A CPO VEHICLE –PT. 1 Today’s automobiles are complex technological marvels, which creates a potential pitfall for you if you’re thinking about buying a used car or truck. Sophisticated hybrid powertrains, displacement-on-demand engines, complex infotainment systems, active safety systems, and aluminum body panels are now mainstream fare. These tech-rich features make newer vehicles more difficult and expensive to repair, should something go wrong. If you’re buying used, wouldn’t it be great to have protection, in the form of a manufacturer’s warranty, in case something self-destructs?Why Go CPO
A manufacturer-backed warranty is exactly what a Certified Pre-Owned (CPO) vehicle gives you. CPO vehicles are inspected before you buy by factory-trained mechanics—and repaired as necessary—and they come with a manufacturer-backed warranty. Which means they should provide lots of trouble-free miles—and if they don’t, you’re covered. You can’t get that sort of risk mitigation when buying a vehicle “as is” from someone you don’t know or from Smitty’s Used Cars. Is a CPO vehicle right for you? While
CPO programs
are undeniably attractive, they do have plusses and minuses. We put together this list of pros and cons to help you decide if going the CPO route is right for you.
CPO Pros
Pre-owned costs less:
Thanks to how much a vehicle depreciates in the first few years—a three-year-old car can easily lose 30 percent of its value—a CPO vehicle will cost significantly less than a brand-new model with the same options and trim. Some CPO programs also allow the vehicle to be leased or financed at the same rate or at a lower rate than a new vehicle.
CPO programs offer current-production models:
Since most manufacturers keep their vehicles in production for five or six years, by purchasing a two- or three-year-old model early in its production life cycle, you’ll be buying a current-generation vehicle that’s still years from being replaced by an all-new version.
A CPO vehicle is a low-risk purchase:
Coverage varies by manufacturer, but it’s not rare for CPO powertrain-warranty coverage to stretch for four, five, or even six years from the when the vehicle was purchased by the first owner. Many warranties cover the expensive parts for up to 100,000 miles. Virtually every CPO program puts vehicles through a multipoint inspection by factory-trained technicians; it can involve checking from 100 to 300 items. (Ask for copies of the signed inspection, the warranty, and the vehicle history.) That addresses any issues before you buy the vehicle.
Tags: 2019 Subaru Forester Touring, 2020 BMW iX3, 2020 Chevrolet Suburban, 2020 dodge charger, 2020 EQC, 2020 Ford Super Duty, 2020 Honda Pilot, 2020 Kia Optima, 2020 Mercedes Benz, 2020 Nissan Versa, 2020 Subaru WRX STI, Audi SUV, BMW, Brandon K. Hardison, Chevrolet Car, Chevrolet Sonic, Dodge charger, electric vehicles, honda, Honda Pilot, Hyundai SUV, Mercedes Benz, Nissan Rogue, SUV, upcoming car, Volkswagen, Volkswagen Tiguan SEL Premium R-Line, Volvo Car
Trackback from your site.
