SHOPSMART AUTOS – CUSTOMER INFORMATION – JULY 28, 2021

Written by admin on July 28, 2021. Posted in Audi, Car Specials, Chevrolet, Dodge, Electric Vehicles, Honda, Hyundai, Mercedes-Benz, Nissan, SUV

4. 
   Newer, lower-mileage vehicles:
   Most CPO vehicles must be within certain mileage and age limits to be certified. But this varies. Most must be less than six years old and have less than 70,000 miles to qualify; many programs have even lower age and mile limits than that. Since many new vehicles are leased for just two or three years these days, it’s easy to find like-new, low-mileage examples of virtually every model on the market.
5. 
   Trip insurance:
   A CPO vehicle can still let you down, as can any new car. That’s why some programs offer trip-interruption insurance. For example, Hyundai offers $100 per day and up to $500 per incident for breakdowns when you’re more than 150 miles from home.

6. 
   Buyback protection or swap-out options:
   Some CPO programs will buy back your vehicle if it’s discovered to have been exposed to a flood or fire or has had its odometer rolled back. The General Motors Vehicle Exchange Program allows buyers three days or 150 miles to decide whether to keep their new CPO vehicle or swap into another GM model, which they can do for any reason.

1. 
   CPO deals vary widely: 
   There’s no such thing as a standard CPO program. You’ll need to read the agreement’s fine print carefully to fully understand the terms and conditions. That makes your decision process a bit more complicated. Note: Be sure you’re clear about which entity is backing the warranty—the dealer or the manufacturer. “Dealer-certified” vehicles almost never pass the same kind of rigorous inspection as a CPO cars and trucks, and coverage is likely far inferior. We’d virtually always choose a CPO program over a dealer-certified one.

2. 
   CPO vehicles cost more:
   A CPO vehicle can cost a few hundred to a few thousand dollars more than a similar, non-CPO vehicle from the same dealer. A CPO program is a form of insurance against breakdowns, and the manufacturer has agreed to repair any issues over the course of several years and many thousands of miles. The dealer tech spends time inspecting the vehicle and repairing problems before you purchase it. Like any other type of insurance, there is a cost to it. In return you’re getting peace of mind.
3. 
   There might be less choice:
   Because of the tough inspection, reconditioning, and low-mileage requirements, a limited number of used vehicles make the CPO grade. (Some estimates are that as few as one in five pre-owned cars become CPO vehicles.) That can sometimes make it more challenging to find exactly the vehicle you want with exactly the options you’d prefer in exactly the color you’d like. You may have to be flexible on things such as color and options.
4. 
   Other considerations:
   You’ll want to know precisely what the CPO warranty covers and for how long. Exactly which components are inspected varies between CPO programs. While most major mechanical components are covered, be sure to get a copy of the inspection list beforehand to ascertain what’s on it and which potentially expensive-to-repair elements, if any, might have been left off. Lastly, many CPO agreements allow an owner to transfer remaining CPO coverage to a subsequent owner. If you’re about to become that next owner, be ready to pay a transfer fee of about $200 and possibly another fee for a fresh inspection by a dealer technician.

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