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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 smarter financial decisions by offering interactive tools and financial calculators as well as publishing original and impartial content. This allows users to conduct research and compare information for free and help you make informed financial decisions. Bankrate has agreements with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this site come from companies that compensate us. This compensation may impact how and when products appear on this site, including such things as the order in which they may appear in the listing categories, except where prohibited by law. This applies to our mortgage, home equity and other home loan products. However, this compensation will not influence the content we publish or the reviews that you see on this site. We do not contain the entire universe of businesses or financial deals that could be available to you.
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3 minutes read. Published September 8, 2022
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Reviewed by Mark Kantrowtziz Reviewed by Nationally recognized expert on student financial aid
Mark Kantrowitz is an expert on student financial aid including the FAFSA, 529 plans, scholarships educational tax benefits, student loans.
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Certified pre-owned cars are a fantastic option for anyone who is looking for an excellent car without the new car price tag. They offer a variety of advantages, including lower overall costs. To locate a high-quality certified pre-owned car it is necessary to follow three 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 may also come with factory-backed warranties as well as the security that a trusted dealer can provide. Step 1: Conduct your research You will want to know what you require from an automobile before you start looking. Pick out a vehicle that meets your requirements and . It is possible to do this by researching the prices and key characteristics, such as whether the cars have a backup camera and thermostats for the seats as well as their dimensions and. Step 2: Shop for it There are numerous sites to locate certified used cars, but inventory might be limited in the present market. Once you have narrowed down your choices, it is time to shop. You can shop , at brick-and-mortar dealerships or a combination of both. Check out all the choices available and then compare the services they provide. Step 3: Check its certification . Certified pre-owned cars might come with a history report. This report will give you a full look into the life of the car and any prior collisions, damage, or mechanical issues. Where can you buy certified pre-owned cars used vehicles are available in a wide range of dealerships. Franchise dealerships. If you have a certain brand you wish to drive, check out dealerships that are owned by certain auto manufacturers. Rentals. Dealerships that deal in old rental vehicles, like Hertz or Enterprise also tend to be an excellent option to purchase CPO vehicles. However, rentals might have seen more use than the typical used vehicle. Online dealerships. The internet is an excellent CPO shopping destination. Check sites like , , Edmunds, Kelley Blue Book and TrueCar. Pre-owned car dealerships. You can also find certified pre-owned cars. The benefits of buying certified used many advantages of purchasing certified used vehicles. Extended warranty A certified pre-owned vehicle could have an extended warranty, which provides protection for a longer time. It is likely that the warranty will include a limited powertrain guarantee that covers the transmission, engine and drivetrain components, as well as a limited bumper-to bumper warranty for parts of the body and the interior. Bankrate advice: Examine for the length of time the vehicle warranty is good for and request warranties that exclude certain components. Check for an inventory of the components that aren’t covered — for example, tires — under the CPO warranty. If the vehicle has electronic components that require lots of components, such as sensors for tire wear and brakes inquire with the dealer about whether the warranty will cover replacements. Better value Another benefit when purchasing a certified used vehicle is that it can lower the total cost of the car. This is due to the fact that the vehicle is inspected by the dealership and comes with some kind of warranty. Both of these could result in a lower price . There’s no need to worry about potential future repairs or mechanical issues like you would with a used car that isn’t certified. This allows you to focus more on the vehicle its features, and less of the possibility of hidden issues. Exchange programs Depending on the dealer and the manufacturer, you may be able to return the car within a specific amount of time if you aren’t satisfied with the car. This isn’t a possibility for all CPO vehicles though it is recommended to check with your dealer prior to signing on if you want this benefit. What to watch out for If you plan on buying a , you should be prepared to be patient to get an excellent car. Be patient. Pre-owned cars are highly sought-after in the present. It could take you many months to locate the perfect car which is why you should be patient and continue to search for . Do your research Check that the car you’re considering comes with the features you are looking for and compare prices with similar vehicles in your area. It is also possible to compare the cars and locate local dealerships online. Check it out. Having your vehicle examined by a mechanic before purchase is among the most effective ways to ensure you are getting a high-quality car, even if it’s a CPO. You can also look up the vehicle’s history report with the help of the VIN number. (VIN). Try a test drive when you take your car for a test drive, notice the manner in which it responds and if anything seems out of place, like strange whining or knocking sounds. Ask for an evening test drive in order to see the performance of the headlights. Keep in mind that since you’re looking at a used car, you will have more room for negotiation. The next step is to decide whether you want to buy an approved pre-owned vehicle requires some planning and research, but with some patience, you can get an excellent car at an affordable price. If you’ve found the best fit, make sure you qualify for financing before you begin to make the purchase. Making an offer with a credit card is a way to give you more room to .
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Written by
This article was generated with the help of automation technology, and then edited and fact-checked by an editor from our editorial team.
Edited by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate from late 2021. They are committed to helping readers gain confidence to control their finances through providing concise, well-studied data that can break otherwise complex subjects into digestible pieces.
Auto loans editor
Reviewed by Mark Kantrowtiz Reviewed by Nationally known expert on student financial aid
Mark Kantrowitz is an expert on student financial aid The FAFSA as well as 529 plans, scholarships as well as tax benefits for education and student loans.
Nationally anerkannt student financial aid expert
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