Pros and Cons of Buying a CPO Vehicle



Pros and Cons of Buying a CPO Vehicle

Sometimes the only way to get your dream car or that one luxurious car you’ve been eyeing is to simply wait until its price or cost drops. If, on the other hand, you don’t have the luxury of waiting, you should consider a CPO or Certified Pre-Owned vehicle. A CPO works as a great alternative to a new car purchase. You should, however, consider the pros and cons it comes along with. To understand more, read through the points listed below.

Pros and Cons of Investing in a CPO Vehicle

Factory Certified:

Pros

Factory CPOs would mean that the dealer would help you with a certificate stating that the vehicle has been repaired, maintained and inspected before the hand-over. Not only would this save on money and time, but it would save you the trouble of going through the entire process all by yourself.

Cons

You could get the certification and inspection done yourself at a fraction of the cost. Even though the vehicle goes through an inspection as specified on the certificate, chances are that not all areas would have been inspected. As a matter of fact, if you get it checked yourself, you could have fewer problems to deal with in the future.

Depreciation Cost:

Pros

When you invest in a used vehicle, you will be able to get rid of the depreciation cost. This is because the previous owner would have already paid the required depreciation cost in the first few years of his/her ownership.

Cons

While you will be getting away with the depreciation cost, if the vehicle hasn’t been maintained well, you could end up spending more on the repairs. Make sure to get a mechanic to check the car before investing in one.

Warranty:

Pros

An advantage of buying a CPO vehicle is that it comes with a warranty also called the manufacturer’s warranty.

Cons

While the warranty may come as a great add-on to your deal, make sure to check its content and expiry date. The last thing you want is to have a warranty that would expire soon after having invested in the vehicle.

Now that you have an idea of the cons and pros of a CPO vehicle investment, you may also want to take into consideration a few tips listed below:

  • Always research well before investing in a certain brand, model or make. There are several dealers out there that feature great offers on CPO vehicles. You could either resort to online research or even speak to people who may have dealt with this.

  • Always make it a point to ask for the required certification when investing in CPO vehicles.

  • Always ask for the vehicle warranty so you don’t end up spending money on repairs or possible damage.

In all, stay cautious and take the time to research before making an investment. Take the time to figure out what would best work for you.


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