3 Things You Need To Understand About Certified Pre-Owned Vehicles
If you are in the market for a used vehicle, you are going to notice that some of the vehicles on a dealer's lot are going to carry the sticker and markers for being a certified pre-owned vehicle or CPO. Certified pre-owned vehicles can only be sold through license new-car dealers and met a very specific set of standards.
Who Can Sell Certified Pre-Owned Vehicles
Only a small class of sellers can sell certified pre-owned vehicles. Private sellers cannot sell CPO, and neither can independent used-car dealerships. The only parties that can sell CPO vehicles are licensed new-car dealerships. Only new car dealerships are allowed to sell CPO vehicles because these vehicles are inspected and fixed to ensure that they meet the vehicle's manufacturer's standards and carry a manufacturer-backed warranty.
If someone is trying to sell you a certified pre-owned vehicle at an independent car dealership, they are probably trying to sell you an after-market or third-party warranty on the vehicle, not one backed by the manufacture of the vehicle itself.
Certified Pre-Owned Vehicles Come with A Manufacture Based Warranty
As mentioned above, certified pre-owned vehicles come with a warranty that is backed-up by the manufacture of the vehicle. In order to earn this certification and a manufacture backed warranty, the vehicle is thoroughly inspected to ensure that its components are in like-new condition.
The vehicle also has to meet other conditions as well. The inside of the vehicle has to be in good condition and cannot show signs of excessive wear. The vehicle can also only have so many miles on it as well, so a vehicle that has excessive miles but is only a few years old will not get a CPO classification.
The exact terms of the warranty vary by manufacture. Most warranties are going to provide you with coverage for a specific number of years or for a specific number of miles. Some warranties cover all repairs to your vehicle during that time period, and other warranties require to you to pay a small deductible before they will repair your vehicle.
A manufacture warranty can give the peace of mind that you can often only find with a newer vehicle. CPO vehicles may cost a little more than your average, used vehicle, but they have been inspected and are held to a higher standard than your average, used vehicle and are backed up with a warranty to prove that the vehicle meets high standards.
To learn more, visit a dealership like ones that have used Chevrolets for sale in your area.