|
WHAT IS A CERTIFIED PRE-OWNED VEHICLE?
Typically, a Certified Pre-Owned vehicle is a used car that has gone through a
rigorous inspection process—and that has an extended warranty beyond the car's
existing warranty. Other condition are vehicle age, wear and tear, no major body
damage sustained in its lifetime, and fewer miles than a standard, non-certified used
car.
As a result of stringent guidelines and strict criteria associated with the CPO
qualification process, certified pre-owned vehicles are guaranteed, or "certified", by
the manufacturer. When we refer to CPO, we're referring to manufacturer
certification programs not individual car dealers. For added peace of mind,
virtually every certified pre-owned vehicle sold today comes with a comprehensive
vehicle history report as back-up documentation in addition to comprehensive
inspections and warranties.
The following frequently asked questions about CPO are answered for you here:
• Do Certified Pre-Owned vehicles cost more?
Yes, CPO vehicles typically cost more money than non-certified vehicles. They may
be as little as $200 more than a non-certified vehicle or much higher depending on
the certified process. For some people, paying more money for a manufacturer-
guaranteed vehicle is worth the extra cost.
• What are some characteristics of a typical CPO warranty program?
Most certified pre-owned warranties offer limited coverage terms from as short as
three-months to as long as six or seven years depending on the brand. In addition,
most manufacturers offer services in addition to the typical warranty coverage as an
added sales incentive, including 24-hour roadside assistance, loaner vehicles for
times when your used car is being serviced or repaired, or trip interruption or
travel expense reimbursement should something happen to your vehicle while
you're out of town.
• What's involved with a typical Certified Pre-Owned inspection process?
Typically, cars that are newer than five years old, with fewer than 50,000—60,000
miles and solid title histories are the only vehicles considered for certification. Once
a car passes this initial test phase, it's put through a series of evaluations (further
defined as the inspection process) to see if it meets the manufacturer's stringent
guidelines for certification. Most manufacturers offer anywhere from 100-point to
3011-nnint inspections. Ask you dealer for their certification check list.
| |
Vehicle Inspection |
Warranty |
Deductible |
Financing |
Roadside Assistance |
| Acura |
150-pt. |
7 yr/100K mile from date first sold |
$0 |
Honda Finance |
Yes |
| Audi |
300-pt. |
24 mo/ 100K (total) mile |
$50 |
Audi Financial Services |
Yes |
| BMW |
"rigorous" |
24 mo/50K mile |
$50 |
BMW Financial Services |
Yes |
| Buick |
108-pt. |
3 mo/3K mile |
$0 |
GMAC Financing |
No |
| Cadillac |
110-pt. |
6 yr/100K mile from date first sold |
$0 |
GMAC Financing |
Yes |
| Chevrolet |
108-pt. |
3 mo/3K mile |
$0 |
GMAC Financing
|
No |
| Chrysler |
125-pt. |
8 yr/80K mile from date first sold |
$100 |
Chrysler Financial Services |
Yes |
| Dodge |
125-pt. |
8 yr/80K mile from date
first sold |
$100 |
Chrysler Financial
Services |
Yes |
| Ford |
115-pt. |
6 yr/75K mile from date first sold |
$100 |
Ford Credit |
Yes |
| GMC |
108-pt. |
3 mo/3K mile |
$0 |
GMAC Financing |
No |
| Honda |
150-pt. |
7 yr/100K mile from date first sold |
$0 |
Honda Finance |
Yes |
| Hyundai |
120-pt. |
6 yr/75K mile |
$0 |
Hyundai Motor Finance |
Yes |
| Infiniti |
142-pt. |
36 mo/100K miles |
$50 |
Infiniti Financial Services |
Yes |
| Jaguar |
140-pt. |
6 yr/100K mile from date
first sold |
$0 |
Jaguar Credit |
Yes |
| Jeep |
125-pt. |
8 yr/80K mile from date first sold |
$100 |
Chrysler Financial Services |
Yes |
| Land Rover |
140-pt. |
12 mo/12K mile |
$0 |
Land Rover Capital Group |
Yes |
| Lexus |
161-pt. |
36 mo/ 100K (total) mile |
$0 |
Lexus Financial Services |
Yes |
| Lincoln |
141-pt. |
6 yr/75K mile from date
first sold |
$100 |
Ford Credit |
Yes |
| Mazda |
100-pt. |
12 mo/12K mile |
$0 |
Mazda American Credit |
Yes |
Mercedes-
Benz |
"rigorous" |
12 mo/ 100K (total) mile |
$0 |
Mercedes-Benz Credit |
Yes |
| Mercury |
115-pt. |
6 yr/75K mile from date first sold |
$100 |
Ford Credit |
Yes |
| Nissan |
128-pt. |
72 mo/ 100K mile |
$0 |
Nissan Financial Services |
Yes |
| Oldsmobile |
108-pt. |
3 mo/3K mile |
$0 |
GMAC Financing |
No |
| Pontiac |
108-pt. |
3 mo/3K mile |
$0 |
GMAC Financing |
No |
| Porsche |
100-pt. |
24 mo/100K (total) mile |
$0 |
Porsche Financial Services |
No |
| Saab |
110-pt. |
24 mo/50K mile |
$0 |
Saab Financial Services |
Yes |
| Saturn |
150-pt. |
12 mo/12K mile |
$0 |
GMAC Financing |
No |
| Toyota |
160-pt. |
6 yr/100K mile from date
first sold |
$0 |
Toyota Financial Services |
Yes |
| Volkswagen |
112-pt. |
24 mo/24K mile |
$0 |
Volkswagen Credit |
Yes |
Volvo |
130-pt. |
6 yr/100K mile from date
first sold |
$50 |
Volvo Car Finance |
Yes |
|