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How to buy a certified pre-owned car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial choices by offering interactive financial calculators and tools that provide objective and original content. This allows you to conduct your own research and compare data for free and help you make informed financial decisions. Bankrate has agreements with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The offers that appear on this website are provided by companies that pay us. This compensation may impact how and when products appear on this website, for example, for example, the order in which they may appear within the listing categories in the event that they are not permitted by law. This applies to our mortgage, home equity and other home loan products. This compensation, however, does have no impact on the content we publish or the reviews that appear on this website. We do not include the vast array of companies or financial deals that could be accessible to you.
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3 minutes read. Published September 8, 2022
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Editor: Rhys Subitch Edited by Auto loans editor
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Reviewed by Mark Kantrowtiz Reviewed by Nationally acknowledged expert in student financial aid
Mark Kantrowitz is an expert on student financial aid The FAFSA as well as scholarships, 529 plans as well as tax benefits for education and student loans.
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Certified pre-owned vehicles are an excellent choice for those looking to purchase an excellent car without the cost of buying a brand new car. They come with a number of advantages, including cost savings overall. To find a quality certified pre-owned car just follow some steps. 3 steps to purchase certified pre-owned cars Certified pre-owned cars are generally offered at a lower price than brand new ones. They also have factory-backed warranties as well as the peace of mind that a reputable provides. Step 1: Conduct your research You will want to have an idea of what you want from the car prior to you start looking. Pick out a vehicle that meets your requirements and requirements . This can be done by researching prices and important attributes, like whether vehicles have backup cameras, seat temperature controls along with their size, and many more. Step 2: Find it There are a variety of places to find certified pre-owned vehicles, even though the inventory could be low in the present market. Once you have narrowed down your choices, it is time to shop. There are many places to shop, including brick and mortar dealerships, or a combination of both. Explore all options available and compare what they offer. Step 3: Examine its certification Certified pre-owned vehicles may come with a vehicle history report. This report will give you complete details about the history of the vehicle and any prior incidents, damages or mechanical problems. Where to buy a certified pre-owned car Certified used vehicles are available in a wide range of dealerships. Franchise dealerships. If you own a specific brand you wish to drive, look into car dealerships owned by specific auto brands. Rentals. Dealerships specializing in former rental vehicles, such as Hertz or Enterprise are also an excellent option for CPO vehicles. But rentals may have been put through more than the average used vehicle. Online dealerships. The internet is a great CPO shopping location. Look at websites like Edmunds, Kelley Blue Book and TrueCar. Pre-owned car dealerships. There are also certified pre-owned vehicles. The advantages of buying certified used variety of advantages to purchasing certified pre-owned vehicles. Extended warranty A certified pre-owned vehicle might come with an extended warranty, which provides security for a prolonged period of time. The warranty will likely include a limited powertrain guarantee covering the engine, transmission and drivetrain parts, as well as a limited bumper-to-bumper warranty covering the body’s components as well as the interior. Bankrate tip: Check for the length of time the vehicle warranty lasts for, and then ask for warranties with exclusions. Check for a list of parts which aren’t covered — like tires — under the CPO warranty. If your vehicle is equipped with electronic components that require a lot of , like wear sensors for tires and brakes inquire with the dealer about whether the warranty will cover replacements. A better value Another advantage of buying certified pre-owned is that it will generally lower the overall cost of the car. This is due to the fact that the vehicle has been inspected by the dealer and comes with a certain type of warranty. Both of these could result in a lower price . There’s no need to be concerned about future problems with the mechanical or repair cost as much as you would with a second-hand vehicle that’s not certified. This allows you to concentrate more on the car itself, and less on the possibility of hidden issues. Exchange programs vary based on the dealer and manufacturer, you may be able to return the car within a certain amount of time if it doesn’t meet your expectations. This isn’t a possibility for all CPO cars, however make sure to inquire with the dealer prior to signing up for this option. What to look out for If you are planning to purchase a , you should be prepared to be patient to get an excellent car. Be patient Pre-owned vehicles are in high demand right now. It could take some time to locate the perfect car therefore keep searching and search for . Make sure that the car you’re considering has the features you desire and compare prices with similar vehicles in your area. You can also compare vehicles and search local dealerships online. Have it checked out Having a vehicle examined by a mechanic prior to purchase is one of the most effective ways to make sure you’re buying an excellent car, even if it’s a CPO. You can also check the vehicle’s history using the VIN number. (VIN). Take a test drive When you take your car for an exercise, take note of how it handles and note if there is anything that seems odd, such as odd whining or knocking sounds. Ask for an evening test drive, if possible, to see the performance of the headlights. Keep in mind that since you’re looking at a used vehicle, there is greater bargaining power. Steps to follow Buying an approved pre-owned vehicle requires some research and planning However, with a little patience, you could find an impressive car for an affordable price. If you’ve found the best car, you can be eligible for financing prior to when you make the purchase. Coming in with a can give you more flexibility to .
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Written by
The article was created using automation technology and thoroughly edited and fact-checked by an editor from our editorial team.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate since late 2021. They are dedicated to helping readers gain confidence to take control of their finances with precise, well-researched and well-constructed data that can break complex subjects into digestible pieces.
Auto loans editor
Reviewed by Mark Kantrowtziz Reviewed by Nationally recognized expert on student financial aid
Mark Kantrowitz is an expert on student financial aid, the FAFSA as well as 529 plans, scholarships, education tax benefits and student loans.
Nationally anerkannt student financial aid expert
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