CPO
About Certified Pre-Owned: Advantages, page 2 of 3
by staff
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What are the Advantages of CPO?
Security, price and quality. A good certified program gives buyers the security of knowing that the performance of the vehicle they purchase is covered for a specified amount of time and miles. It provides this security, and enables buyers to buy an-almost new vehicle, at a price that is less than new but more than non-certified.
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Because certified vehicles must meet the standard defined by the certification inspection process, the vehicles usually have fewer miles and are in better condition.
Disadvantages
They aren't new. From the used vehicle shopper's perspective, price is also a disadvantage, as certified programs increase the price of late model vehicles that probably don't need protection. After all, what's the point of certifying a three-year old luxury vehicle with 30,000 miles? In essence, certifying pre-owned vehicles is a way to add a warranty premium on a quality vehicle - the only kind, after all, that should be sold in the first place. Critics of certified pre-owned programs claim that it is really no more than a peace of mind premium.
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About Certified Pre-Owned: Differences
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Source: ABT
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