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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 aim is to assist you make better financial decisions by providing you with interactive financial calculators and tools that provide objective and original content. We also allow users to conduct research and compare data for free and help you make financial decisions with confidence. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make money The products that are advertised on this site are from companies who pay us. This compensation could affect how and when products appear on this site, including such things as the order in which they appear within the listing categories, except where prohibited by law. This applies to our mortgage or home equity products, as well as other products for home loans. But this compensation does affect the content we publish or the reviews you see on this site. We do not contain the universe of companies or financial deals that could be available to you.
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3 minutes read. Published September 8, 2022
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Certified pre-owned vehicles are a great option for anyone looking for a quality car without the price of a new car. They offer a variety of advantages, such as lower costs overall. To find a quality pre-owned vehicle that is certified just follow some steps. Three steps to buy a certified pre-owned car Certified pre-owned cars are generally sold with a lower markup than brand new cars. They may also come with warranty coverage from the factory and security that a reputable provides. Step 1: Do your research . You’ll want to know what you need in an automobile before you start looking. Pick out a vehicle that is able to meet your needs and . It is possible to do this by looking up prices and other important characteristics, such as whether the vehicles come with a backup camera, thermostats for the seats as well as their dimensions and. Step 2: Search for it There are many locations to search for certified used cars, but inventory might be scarce in the current market. Once you’ve narrowed your choices, it is time to shop. You can shop , at brick and mortar dealerships, or a combination of the two. Check out all the options available and compare the services they provide. 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 past of the car, including any previous incidents, damages or mechanical issues. Where can you purchase certified used cars Certified used vehicles are available at a variety of dealerships. Franchise dealerships. If you have a certain car brand that you would like to drive, take a look at dealerships for cars owned by specific auto brands. Rentals. Dealerships that specialize in rental vehicles, such as Hertz or Enterprise are also an ideal option in search of CPO vehicles. But rentals may have seen more use than your average used vehicle. Online dealerships. The internet is a great CPO shopping spot. Visit sites such as Edmunds, Kelley Blue Book and TrueCar. Pre-owned car dealerships. You can also find certified pre-owned vehicles. Benefits of purchasing certified used number of benefits to buying certified pre-owned vehicles. Extended warranty A certified used vehicle could come with an extended warranty, which provides protection for an extended period. The warranty will likely include a limited powertrain guarantee covering the engine, transmission and drivetrain components, and a limited bumper-to bumper warranty for parts of the body and interior. Bankrate’s tip: Make sure to see how long the warranty on your vehicle is valid for and ask for warranties with exclusions. Look for a list of parts that aren’t covered for example, tires — under the CPO warranty. If the vehicle has electrical components that require a lot of , like sensors for tire wear and brakes, ask the dealer if the warranty will cover replacements. Better value Another benefit of purchasing certified pre-owned vehicles is that it is likely to reduce the cost of the car. This is due to the fact that the vehicle has been inspected by the dealership and is covered by some type of warranty. Both of these can result in a lower price . You won’t have to be concerned about future mechanical issues or repair costs as much as you would when purchasing a car that isn’t certified. This lets you concentrate more on the car its features, and less of the possible issues that may be hidden. Exchange programs are based on dealer and the manufacturer the customer may be able to return the car within a specified period of time in case it does not meet your expectations. It’s not available for all CPO cars, however make sure to inquire with the dealer prior to signing up for this feature. What to watch out for If you plan on buying a , you should be prepared to be patient to ensure you get an excellent car. Be patient Pre-owned vehicles are in hot demand at the moment. It could take some time to locate the ideal car which is why you should be patient and continue to find . Be sure to research the car. Make sure the car you’re considering has the features you are looking for and then compare the prices to similar cars in your local area. You can also look at the cost of cars and locate local dealerships online. Get it inspected Having a vehicle inspected by a mechanic prior to purchase is among the most effective ways to ensure you are getting a high-quality vehicle, even if it’s a CPO. You can also check the vehicle’s history by using the vehicle identification number (VIN). Test drive the car when you take the vehicle for an exercise, take note of the manner in which it responds and note if there is anything that seems odd, such as strange whining or knocking sounds. Ask for an evening test drive in order to see the performance of the headlights. Be aware that, as you are looking at a used car, you will have more flexibility to negotiate. Steps to follow Buying a certified pre-owned car involves some study and planning however, with a bit of patience, you can get a solid car at the best cost. When you have found the perfect car, you can make sure you qualify for financing before you make the purchase. Making an offer with a credit card will give you even more space to .
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Written by
This article was written with the help of automation technology, and then checked for accuracy and editing by an editor from our editorial staff.
The edit was done by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping readers gain confidence to control their finances by providing precise, well-researched and well-constructed data that can break complex topics into manageable bites.
Auto loans editor
Review by Mark Kantrowtziz. Reviewed by Nationally known student financial aid expert
Mark Kantrowitz is an expert on student financial aid including the FAFSA, 529 plans, scholarships as well as tax benefits for education and student loans.
Nationally acknowledged expert in student financial aid
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