The Key Benefits of a Certified Pre-Owned Vehicle: What You Should Know
Over 2 million brand new cars were sold in Canada last year. Buying a new car is a dream for many people, but not all of us can afford to roll off the lot in a car no one else has touched.
Luckily, there’s a great alternative—buying a certified pre-owned vehicle. These are usually higher quality than your regular used car. Sometimes, the quality is even the same as a car that’s super new.
So should you buy a certified pre-owned vehicle? What’s the difference between that and a standard used car? Read on to explore all the biggest benefits of a certified pre-owned car.
Certified Pre-Owned vs. Standard Used Cars
So what is a certified pre-owned vehicle? Let’s explore the difference between a certified pre-owned car and a standard used car.
A regular used car can come in any condition. There are no rules for the level of quality that the car needs to have, as long as all its faults are advertised. It could have been in a major collision, experienced flooding, or just have been mistreated by the previous owner.
A certified pre-owned vehicle, on the other hand, has to meet pretty rigorous qualifications to earn the label. Each manufacturer has its own specific standards, ranging from how many miles can be on the car to how old it is.
No matter what manufacturer or dealer you buy a certified pre-owned car from, you have the peace of mind that you’re getting a good value for your money.
Benefits of a Certified Pre-Owned Car
So now that we’ve covered the difference between the two types of used cars, let’s go into the specific benefits of a certified pre-owned car. No matter what’s most important to you—from manufacturer inspections to price—there’s likely going to be a perk that speaks to you.
There are six benefits in particular that everyone should know before they head to the dealership.
1. Thoroughly Inspected
First, cars have to earn the certified pre-owned label after a very thorough inspection. The inspection rules will depend on whether it’s manufacturer-backed or dealer-backed.
GM, for example, has a 172-point inspection that our cars have to pass before they’re allowed to be put back on the market with the CPO label. When you buy a car from either the manufacturer or a dealer with this certification, you know that the car has been inspected from top to bottom.
No more worrying about if the car is going to have some hidden problems that you only discover once you’ve owned it for a month!
Another perk of buying a certified pre-owned vehicle is that it’s usually been reconditioned. Even though it’s used, it will run like new.
Reconditioned means that some aspects of the car have been replaced with brand new parts so that it’s worth more than it would have been had you just bought it as is. It might have a new engine, new brakes, or even little things like new headlights or seat upholstery.
If you’ve ever gotten a new cell phone and had the store tell you that it’s a ‘reconditioned’ or ‘refurbished’ phone, this is basically the same thing.
3. Great Quality
Because of the things we mentioned above—thorough inspections and updating key aspects of the car, you know that the car you buy will be high-quality.
When you buy a used car from a site like Craigslist or Facebook, there are no guarantees. You buy the car as-is and have to either accept the quality or decide to take your business elsewhere.
If you value peace of mind (and high-quality cars), this is definitely the route to take.
4. Better Value
If you’re going to buy a car, buying a certified pre-owned vehicle is almost always a smart decision.
Buying new cars isn’t the smartest financial move. The car depreciates as soon as you drive it off the lot and can sometimes be more of a drain on your finances than an asset.
With a certified pre-owned car, though, you get the quality of a new car at a fraction of the price. There also may be additional options for low-interest financing, so you keep saving money each month.
Your wallet will thank you, and other than the mileage, you probably won’t even be able to tell the difference.
5. Service Warranties
Let’s say despite all of this—the inspections, the reconditioning, the guarantees—something still goes wrong. You end up having to take your car into the shop not long after you bought it. Then what?
A vehicle with the certified pre-owned label will come with some sort of a service warranty. Sometimes it’s based on mileage, which means the dealer will cover you for a certain number of miles. Other warranties are based on time. For example, they’ll provide free repairs for the first two years you own the car.
Double-check with the seller to see what the warranty is on the car you’re interested in. It should come with some type of warranty no matter what.
6. Additional Perks
Finally, there are lots of other perks thrown into buying a certified pre-owned car. Some dealerships, for example, will offer things like free oil changes and regular maintenance for the first year.
Others will build in things like free 24-hour roadside assistance, rental cars when your car is in the shop, or even complimentary satellite radio. Always check with the seller to see what perks they offer when selling CPO vehicles—even if you already love the car. There might be something else to sweeten the deal!
Find the Car That’s Right for You
There are a ton of benefits of a certified pre-owned vehicle. Hopefully, this guide has helped you figure out if buying this type of used car is right for you.
If you’re ready to come home in your own new (to you) car, we can help! Viking Motors is a certified dealer of Chevrolet, Buick, and GMC vehicles. Take a look at all of the certified pre-owned vehicles we have available.