SHOPSMART AUTOS – CUSTOMER INFORMATION – OCTOBER 24, 2021 – (PT.2)
Just be aware some CPO programs do include a warranty deductible. Still, spending $100 on a repair that may cost a couple grand is certainly the better deal. Regardless of what you’re looking for in a CPO program — and this applies to any instance you’re making a large monetary expenditure — be sure to check the fine print and make sure the CPO deal you’re considering is suitable for your needs. If you’re irked by the thought of having to shell out a few hundred to a few thousand dollars more for a CPO car versus a comparable used vehicle, remember, you’re still paying thousands less than what the equivalent new set of wheels would cost.Living with a CPO car
On top of the dealership’s assurances that you’re getting a like-new car for what is hopefully a reasonable premium above a used-car price, CPO cars come with their own manufacturer-backed warranty that extends the life of the original new-car warranty. Here’s an example: Once upon a time, a Roadshow staffer purchased a 2014 Audi TT. The car showed 21,000 miles, which left 29,000 miles and about a year left on the original warranty. Once the original factory warranty ended, the CPO warranty took over. With it, they received another year of full warranty coverage with unlimited mileage.
CPO program pros and cons
If you choose to buy certified preowned, always keep these two tenets in your mind: First, you get what you pay for. Second, with used cars, you run the risk of buying someone else’s problems. While you most likely will end up behind the wheel of something that’s downright dependable, a used car generally isn’t as reliable as a new one. So you’re saving money, but at the likely expense of slightly inferior longevity and the lack of the euphoric new-car smell. CPO multipoint inspections and their associated extended warranties lessen your risk of hassling with a car in the event it turns out to be a reliability nightmare. Furthermore, car companies working in conjunction with dealerships will oftentimes finance CPO vehicles at a lower interest rate than what they would’ve for a regular used car, so some of the extra money you spend upfront can end up being saved with lower-cost financing. But CPO isn’t for everyone. It’s certainly a very good option for people who want to save money on luxury cars from brands that are synonymous for high repair costs and less-than-stellar reliability. It’s worth taking a closer look if the deal is ripe on a mass-market brand like Honda or Hyundai. A CPO vehicle can come close to providing all that a new car offers, but for a lot less. With the inherent savings you’ll enjoy compared with a brand-new car, in many cases, the numbers just make sense.
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.
