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Buying a used car can have certain advantages—savings in cost being the biggest. But buying a used car without a warranty or thorough inspection can be risky. Certified pre-owned (CPO) programs help put customers’ uncertainty and skepticism to rest in the buying process.
A certified pre-owned car is a used car that has been thoroughly inspected by the vehicle’s manufacturer before being certified. It usually comes with some degree of factory warranty coverage. CPO programs were originally designed by manufacturers to avoid sending used cars in good shape to auto auctions.
Many cars are returned to dealerships after only a couple of years with a few thousand miles on them. These vehicles are usually in good or better condition, and auto manufacturers realized they could resell the vehicles for more than they would profit at auction. Most CPO cars were originally leased cars or used in a rental fleet, though some come from private owners who decide to upgrade vehicles after only a few years.
By offering a certified pre-owned Program, manufacturers can increase their revenues on used cars. At the same time, many buyers feel more confident purchasing a car that’s been certified by the manufacturer and offers some sort of warranty protection.
CPO vehicles are great for value-conscious buyers who want a nearly new vehicle with a solid warranty, but don’t want to buy off the floor at a premium price. However, CPO vehicles tend to come with a higher price tag than the same car without being certified. It’s important to consider several factors before purchasing CPO:
To customers who are looking into buying a luxury brand, CPO programs are especially attractive. Many expensive luxury vehicles depreciate in price quickly, so buying used can save significant money on the price of a luxury car.
However, most luxury car brands also come with expensive repair bills when a repair is needed, such as BMW or Audi cars. CPO programs help luxury car buyers save money on their vehicle purchase while reducing the risk of a breakdown after purchasing.
If you’re considering a CPO vehicle, there are steps you can take to ensure you’re getting a good deal and a car that’s in good shape. When researching different manufacturer CPO programs, be sure to look for these important features:
Based on these factors, you might want to look into a CPO program from GM and sub-brands like GMC, Buick, and Chevrolet, Hyundai, Kia, Porsche, or Lexus.
When you choose a CPO vehicle, consider the manufacturer’s warranty included for the price. Getting the best CPO warranty can help you avoid any issues in your first few years of owning the vehicle. We’ve put together a list of the five most popular CPO programs and their warranties.
|GM||12 months/12,000 miles||6 years/100,000 miles||24/7 roadside assistance, Vehicle Exchange Program, free OnStar trial, free SiriusXM trial|
|Hyundai||Remainder of original 5-year/60,000-mile new car warranty||10 years/100,000 miles||Rental car reimbursement, trip interruption protection, roadside assistance, SiriusXM trial|
|Kia||12 months/12,000 miles||10 years/100,000 miles||10-year/unlimited-mileage roadside assistance, SiriusXM trial, rental coverage|
|Porsche||2 years/unlimited miles from end date of original warranty||Same as bumper-to-bumper||Roadside assistance, trip interruption protection|
|Lexus||2 years/unlimited miles after expiration of new-car warranty||Same as bumper-to-bumper||Roadside assistance, loaner car/rental car coverage, limited factory maintenance included for 2 years|
Getting the best CPO warranty for your newly purchased certified vehicle is important to enjoying the benefits of a CPO program. When shopping for CPO cars and their warranties, remember to read the warranty fine print and consider getting a second professional option on the warranty coverage.
The best way to protect your vehicle may be to purchase an extended warranty from a third-party provider like CARCHEX. Read more to learn how to analyze your CPO warranty as well as how to make sure you’re getting the best CPO warranty for your car.
There are a ton of car brands that offer CPO programs—but just as with any other auto warranty, some are better than others. If you’re considering buying a CPO car, make sure you do some research beforehand. Find out what the top brands in 2019 cover in terms of CPO warranty.
Try to steer clear of dealership “certified” programs, as they determine the type of coverage you get and do the inspection themselves—and are not held to the same standards as a manufacturer-backed program. Either way, before you buy, read the fine print. Pay attention to what level of coverage they’re offering, when the warranty begins, and when it terminates.
More than likely, you’ll see that most manufacturer’s warranties offer coverage, but they have some big gaps. Most manufacturer’s only cover repairs and replacement of parts that are determined to be faulty or defective, making your breakdown due to normal driving of your car void on the CPO warranty.
You can use a third-party extended warranty provider like CARCHEX to help you bridge the gap in your coverage and protect your car after the CPO warranty has expired. What’s more, benefits like roadside assistance and SiriusXM are included, so you’re missing out on these benefits.
On rare occasions, undocumented accident damage slips through the cracks, even in the case of manufacturer CPO cars. And because there is no guarantee the vehicle will be trouble-free, it’s always a good idea to have an independent inspection done on pre-owned vehicles before purchase. That way, if something was missed and is caught before the deal closes, you can have the dealer make the appropriate repairs.
With a used car inspection, you don’t have to pass up any opportunities. Get a second professional opinion, rather than wait to discover issues you may have to pay out of pocket for later.
Additionally, adding an extended warranty from a provider like CARCHEX allows you to reduce your costs as your vehicle ages and needs common repairs.
You may be surprised to learn that the best CPO warranty for your car likely doesn’t come from a warranty at all. Instead, a vehicle protection plan, often called an extended warranty or vehicle service contract, can provide the coverage your CPO car needs long after the CPO warranty expires. At CARCHEX, we provide five levels of coverage for CPO vehicles of almost any age or mileage.
Get the extended warranty you need to cover your CPO vehicle from CARCHEX and gain valuable peace of mind. At CARCHEX, we’re proud to offer trustworthy, reliable extended warranties.
Learn how you can protect your vehicle even after the CPO warranty expires with an extended vehicle service contract from CARCHEX. With endorsements from auto industry leaders like Edmunds.com, Kelley Blue Book, and CARFAX, you can be sure you’re getting reliable protection for your car.
Get a free, customized quote on an extended car warranty for your CPO vehicle from CARCHEX today. Call us toll free at 866-261-3457.
U.S. News & World Report: https://cars.usnews.com/cars-trucks/what-does-certified-pre-owned-mean
JD Power: https://www.jdpower.com/business/press-releases/2019-us-vehicle-dependability-studyvds
U.S. News & World Report: https://cars.usnews.com/cars-trucks/what-to-look-for-in-a-cpo-program
General Motors: https://www.gmcertified.com/certified-benefits
CARCHEX is trusted by these brands and more.
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