How to Compare CPO Vehicles
How to Compare CPO Vehicles
When you have a choice to make between buying or leasing a used car or a certified vehicle, go for the latter. CPO vehicles offer all the benefits available with traditional used cars and much more. With CPO cars, you get the manufacturer’s certification about the present working condition of vehicle. Some parts are even reconditioned before your purchase. Pricing is also not on the higher side. So, you get the best of both worlds.
But in the sea of models available, which one is the best alternative for you to pick? Checking out the following points will make your decision much easier to finalize.
- Type of Certification: Is it dealer-certified or manufacturer-certified? If it is dealer-certified, it is only inspected on the standards of that particular dealership. Mostly, it will be the better option to used cars. Manufacturer certification means the inspected items go through a comprehensive checklist of the automaker’s standards, i.e., the same as when they are released into the market as brand-new vehicles. Obviously, this has a clearer edge over the former.
- Checklist of Items Inspected: Most programs, either dealer- or factory-certified, include a list of all the checks performed on various items. This can be used to compare and contrast to see which vehicle fits your needs. The number of items on this list for your vehicle of choice has to be more than the other option you considered.
- Loan Facility: Special finance offers available with some dealerships have better interest rates, almost as low as they are for brand-new cars. Anyhow, compared to used cars, the rates of interest on CPO vehicles are much lower. Try to find a better deal by studying what each program has to offer.
- Vehicle History: Ask for the vehicle history, in case the plan doesn’t offer it for free. You may come to a decision based on what the vehicle has already been through. Also, things like age of the vehicle and the number of miles covered are taken as criteria to pass the eligibility conditions for the certification, which differs for each brand.
- Additional Incentives: Look for a program that offers extra benefits like zero deductibles on warranty repairs, roadside assistance, etc. Some plans include reimbursement of travel repair expenses, lodging and towing charges. Buyback guarantee is something which will makes things go smoothly for you in case you decide to sell the vehicle after the completion of the lease period.
- Warranty Terms: Now, we come to the most important item to check off your list. You must understand the warranty terms clearly and if you have any query, get it cleared right away. If you have any doubts lingering and go ahead with the purchase, you might not get all the benefits you wanted. For example, if you skip parts, you may miss something big like missing a scheduled maintenance visit in the warranty agreement may void the warranty.
Read the fine print and make your decision wisely. Whether you lease or purchase a CPO vehicle, you can enjoy peace of mind that you have entered a better deal. Happy driving!