When checking out some of the certified used vehicle (CPO) programs available, here are some tips to ensure your own peace-of-mind in the transaction:
Tip #1: Be aware of what is being inspected
Each program can boast well over a hundred points of inspection. It is safe to assume that the vehicle has been refurbished in these areas if it passed the inspection through to certification. The key to looking at these points is to identify the major fixes that would have otherwise cost you a bundle. Remember, many of these points would be covered in a tune-up, detailing, or might even be part of a state safety inspection required for all used cars sold by dealers.
Key inspection points:
- VIN Inspection (emissions, service & recall, VIN code issues, etc.)
- Road Testing (automatic transmission shift points/slippage, drive axle; clutch; steering; brakes/ABS, gauge operation)
- Body Exterior (frame damage, accident repair)
- Interior (airbag, dash light operation, smoker car?)
- Powertrain (fluid leakages, water in oil, cylinder compression reading, timing belt)
- Fuel System (fuel pump, fuel lines, oil pressure)
- Suspension/Steering (control arms, ball joints, tie rods, tire wear, alignment)
- Brakes (calipers/cylinders, rotor, hydraulics, etc.)
Tip #2: Make sure the warranty works for you
Each Certified Pre-Owned program offers a specific, non-negotiable warranty. When reviewing the warranties offered, research whether the particular model has a history of maintenance issues or transmission failures and make a judgment call from that perspective. If the brand of the vehicle rates high for quality and low maintenance, it might justify a shorter warranty.
Most programs offer an extended warranty beyond the CPO warranty, but each program differs in cost and features. You also may want to research whether the vehicle still has any of the original warranty left on it — this will only add to the length of the warranty overall.
Tip #3: Look for special incentives and finance deals
One of the most unique features of Certified Pre-Owned vehicles is they may be eligible for finance and lease deals from the manufacturer or dealer. These incentives on CPO vehicles are a relatively recent development.
CPO Program Details
Not all CPO programs are the same. How does the one you’re considering stack up?
