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Well, simply put, a certified pre-owned vehicle is one that has backing from the manufacturer or dealership (or, in some cases, an independent company) that goes beyond what is typically seen for pre-owned vehicles. Certified pre-owned cars are typically given a thorough inspection, are offer...
Those shopping for a used electric vehicle can obtain added peace of mind by choosing a certified pre-owned (CPO) model. Vehicles offered under a manufacturer’s CPO program are usually later-model cars, typically six years old or newer, and with a limited number of miles on the odometer. ...
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Generally speaking, you’re better off opting for a model with a proven track record of reliability, or a certified pre-owned vehicle, which frequently includes some form of warranty. 4. Know The Car Before Buying A) Check The Car’s Background ...
Captive Finance Companies:in-house financingfrom the makerof your car; many car brands have financing companies that serve sellers of their new or certified pre-owned cars (ex:GM Financialis a captive finance company for GM vehicles,Toyota Financial Servicesis for Toyota) ...
Another option is to consider a certified pre-owned vehicle. "These bring the best of both worlds: It's a used car but one that has been vetted and combed over by mechanics and comes with a warranty just like a new car," Degan said. "They are a bit more expensive than a used car...
A common con with buying used is that the car is usually out of warranty. New cars come with a couple of years of protection that can help cover some repairs, whereas used cars could involve more out of pocket expenses. If warranty length is a priority, certified pre-owned vehicles usuall...
can depend on. This is even more crucial for used car dealerships, since used cars have more uncertainty surrounding their potential reliability. Some dealers even offer certified pre-owned cars for even more assurance of quality, and many dealerships offer warranties on both new and used cars....
000 miles. If you buy a certified pre-owned car from a dealer, then you’re likely to get a warranty that extends the manufacturer’s original warranty. (Certified pre-owned cars tend to be more expensive than other used cars, but they also ...