This week we bring you a few basics of factory certified pre-owned vehicles in our Car Pro Tip of the Week.
Factory Certified Pre-Owned options are as close to a new car as you can get. And while there is always some level of risk buying used over new, with a CPO it’s typically lower.
Make sure the vehicle is part of a factory program, inspected to manufacturer standards.
Yes, factory certified pre-owned cars typically cost more than standard used models. You’re paying for peace of mind. But there are some perks, too, as often times you can get a lower interest rate. Some manufacturers also throw in things like roadside assistance and a full tank a gas.
Another big thing to know if you’re buying a factory CPO, you need a factory warranty that extends the original warranty. And we can’t stress this enough – know what the warranty covers. It varies from brand to brand.
Bottom line, CPO vehicles make a lot of sense if you are looking to buy used instead of new.. But read the fine print and understand like any used car, even CPOs can have problems.