Cars lose a significant amount of their value as soon as they are driven off the lot, which means that if you are careful you can find a nearly-new model from 2016 or 2017 that is being sold at a deep discount from the sticker price simply because it already has a few thousand kilometers on it. What people may not know, however, is that buying a used car doesn’t need to mean foregoing some of the significant benefits that come with buying new. With Certified Pre-Owned vehicles, shoppers can get the best of both worlds.
So, what is a Certified Pre-Owned (CPO) vehicle? A CPO vehicle is one that has undergone an intensive inspection and safety process to ensure that it meets the very highest performance and quality standards. CPO vehicles may also be eligible for extended warranties, financing deals, and dealership programs that would usually not be extended to used vehicles. While CPO vehicles tend to sell for slightly more than their non-certified counterparts, certification is a popular choice for drivers who want to be used but are nervous about quality issues. Here are three reasons why you might want to consider purchasing a CPO vehicle next time you are in the market for a new car.
Safety is a number one concern for many used car buyers, and one of the main reasons that CPO vehicles are so appealing is the rigorous safety check they must undergo. While many dealerships advertise their used stock as having been hand picked and carefully inspected, only certification offers a solid guarantee.
Buying a used car off an online classified site may be cheap, but it’s also risky. You essentially have to trust that the seller is telling you the truth, because if the car breaks down tomorrow, there is no way to recoup your loses. Warranties are often part of CPO packages, so you cannot only be confident that you are buying a quality vehicle, you are also protected in the event that something goes wrong.
It is no secret that many shoppers are drawn to new vehicles because of the enhanced payment options that are available when buying new. Depending on which dealership you buy from, CPO vehicles may come with financing packages that can help you put together a payment plan that works for your budget.
For shoppers in large Canadian markets like the Greater Toronto Area interested in finding the best possible deal on a used vehicle should check online to see whether their local dealership is one of the few that offers CPO cars. While larger dealerships like Yordale Dufferin Mazda will likely have a good selection of vehicles with this certification, it is not to be taken for granted that every dealership will. Before visiting any dealership lot, make sure you know what their CPO offerings are like.
If you want to buy used but are worried about getting stuck with a lemon, certification is one of the best things you can do to help your peace of mind. CPO vehicles won’t have any hidden quality issues, and with warranty options you can be sure that your used vehicle comes with many of the same protections that would cover a new one. With CPO, you can be sure that your used car really is good as new.