Certified Pre-Owned Cars: What To Know Before Buying One

Buying a car for yourself or perhaps your newly licensed adolescent driver can be stressful. Typically, it prompts queries like should I buy new? Used? Pre-owned? And is there truly a distinction between certified pre-owned and used cars?

If you’re considering buying a CPO car, you should know a few things first. In this blog post, Cutter Mazda Honolulu will discuss what to look for when purchasing a certified pre-owned vehicle and the benefits of doing so.

What are certified pre-owned cars?

Certified pre-owned (CPO) cars are late-model used vehicles with an extended warranty, special financing terms, and other perks. Certified pre-owned cars must meet certain age and mileage limits and pass a thorough inspection.

Pros of CPO cars:

They come with an extended warranty:

An extended warranty that covers essential systems like the engine and gearbox is included with certified pre-owned vehicles. This might let you drive your CPO automobile with confidence.

These cars often have lower interest rates:

Certified pre-owned cars often come with lower interest rates than regular used cars, saving you money over the life of your loan.

They’re inspected:

Before being marketed as CPO, used vehicles must pass a thorough examination. Any significant issues will likely have been found and fixed before you buy the car.

Certified pre-owned cars may come with special financing terms:

Many dealerships offer special financing terms on CPO cars. This may facilitate loan approval and enable you to reduce interest costs.

You’re not restricted to only a few brands in CPO:

Many dealerships offer Certified Pre-Owned programs, so you’re not limited to just a few brands when shopping for a CPO car.

You can negotiate the price:

Since CPO cars are in high demand, you may be able to negotiate the price of the vehicle. This can help you save money.

Cons of CPO cars:

The warranty may not cover everything:

CPO vehicles offer extended warranties; however, they might not be sufficient. Read the fine print carefully in contracts to determine what is and isn’t covered.

You may not get the same deal as buying a new car:

If you’re searching for a reasonable price for a car, you may be better off buying a new one. Certified Pre-Owned vehicles can be pricey, so you may not get as much bang for your buck.

It’s still a used car with potential for problems:

Even though certified pre-owned vehicles have been through many inspection processes, they’re still used cars. That means there’s always the potential for problems down the road.

Is a CPO car the best option for you?

A certified pre-owned automobile may be a terrific way to buy a great car at a great price and yet have peace of mind when you drive off the dealer’s lot.

A CPO car is a decent compromise between a brand-new model with the newest technology and guarantee and a less expensive used car, provided you do your research.

Want a pre-owned Mazda?

Visit Cutter Mazda Honolulu serving Honolulu, HI. We have a great selection of CPO Mazdas for you to choose from. Our knowledgeable and friendly staff will help you find the perfect car for you and your budget.

We’re looking forward to serving you soon!

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