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Purchasing a high-quality used car is often the best way to maximize your budget and get great value for your money. However, buying a used vehicle comes with its own complexities.
In this guide, our Kirksville Motor Company dealership team explores the used car space, explaining the key differences between used and certified pre-owned (CPO) vehicles and giving you the confidence to make an informed buying decision that best matches your budget and driving needs.
A CPO vehicle differs from a standard used car. All CPO vehicles undergo a rigorous inspection process by the vehicle manufacturer or an authorized dealership. The idea is to certify qualifying used cars as close to new-car quality as possible so you can be confident you're purchasing a first-rate used vehicle.
CPO vehicles are subject to a comprehensive multipoint inspection to ensure they meet specific criteria in terms of age, mileage, and overall mechanical condition. Before granting CPO certification, technicians complete any necessary repairs or replacements using genuine parts from the manufacturer.
CPO vehicles typically have some key characteristics, including:
In general, the choice between CPO and used vehicles depends on the level of certainty and security that car buyers have regarding quality. Each option has key points that can provide peace of mind.
The stringent multipoint inspection process reduces the risk of significant mechanical problems shortly after purchase, which is one potential pitfall that makes people apprehensive about buying used vehicles. Plus, the extended warranty serves as a financial safety net, covering any necessary repairs during its duration.
The CPO process also reduces the anxiety associated with purchasing a used car, especially concerning the vehicle's history. When buying a used car, you may not fully know its history. However, CPO vehicles typically come with detailed vehicle history reports that offer valuable insights into previous ownership and the car's maintenance records.
We've discussed the advantages of buying CPO, but there are some areas where it falls short compared to a traditional used car. The extensive inspection and potential refurbishment required for a CPO vehicle add to its cost. As a result, traditional used cars usually have a significantly lower price point and are generally more affordable.
The strict standards manufacturers set for a vehicle to achieve CPO certification also limit the number of CPO vehicles available. Buying non-CPO used cars typically provides a broader range of available models.
Here's a quick summary of the pros and cons of each purchasing option, starting with CPO vehicles.
In terms of advantages, CPO vehicles offer the following:
Drawbacks of a CPO vehicle include:
Used cars have the following points in their favor:
Used car drawbacks include:
Opting for a CPO or used vehicle depends on your priorities and budget. A used car might be the best option if affordability is your highest priority. If you value peace of mind and warranty coverage over budget, then a CPO vehicle is worth the extra investment.
If you're in the market for a specific year or model, you might not find it available in CPO programs, so buying it used might be the better solution. Your risk tolerance also guides the decision. Buying used is more viable if you're comfortable assuming the risk of potential unseen repair needs.
Whether to buy a CPO or used vehicle is ultimately based on individual needs and priorities. Research is essential, so take the time to investigate specific models and ask questions at the dealership. Even when buying a CPO car, we recommend always getting a pre-purchase inspection for a valuable second opinion from a qualified mechanic.
Carefully review any warranty coverage and their terms and conditions to ensure they meet your needs and expectations. Additionally, consider the actual cost of the vehicle beyond its purchase price. Consider maintenance and repair expenses over the car's lifetime and factors such as fuel efficiency.
When you're ready to purchase in Kirksville, Missouri, do so with confidence at our Kirksville Motor Company dealership. Our expert team can guide you through our impressive selection of quality used and CPO vehicles and help you find the perfect one for your needs. Contact us today or visit our showroom to ask any questions or arrange a test-drive.
Image by ginjaninja00 is licensed with Pixabay Content License
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