If you're in the market for a used car, you've probably come across the term "certified pre-owned." But what is the difference between a certified vehicle and another used vehicle?
A Ford|Lincoln certified pre-owned (CPO) vehicle is a used car traded into a Ford or Lincoln dealership through a rigorous inspection process. If it meets the Ford|Lincoln quality criteria, it is backed by an extended warranty from the manufacturer.
What to Know about Certified Pre-Owned Cars
CPO vehicles are typically late-model cars still under the original factory warranty. They must also have a clean title and a history of regular maintenance. To be certified, each vehicle must pass a detailed inspection checklist that covers more than 100 points, inside and out.
The inspection process differs for each manufacturer, but it generally includes thoroughly examining the engine, transmission, brakes, suspension, electrical system and more. Once it passes the inspection, the car is reconditioned to meet the manufacturers' standards. This can include replacing worn tires and brake pads to fixing minor scratches and dents.
The biggest benefit of buying a certified pre-owned car is that you know it has been thoroughly inspected and is backed by an extended warranty. Knowing that you're not inheriting someone else's problems can give you peace of mind when purchasing a pre-owned vehicle versus a regular used vehicle.
CPO vs. a New Vehicle
There are some things to remember when considering a certified pre-owned car. First, they can be more expensive than a non-certified used car. Second, the certified warranty may not cover everything and could come with a deductible. Be sure to read the certified warranty's fine print before making your purchase. There are big differences between the warranty of a manufacturer-certified vehicle and a dealer-certified vehicle.
If you're looking for a quality used car and want peace of mind with an extended warranty, then a certified pre-owned vehicle may be the right choice.
If you decide on a brand-new car rather than a certified pre-owned one, it's important to consider the pros and cons. Buying new means you'll pay more for the vehicle, but it will likely have a longer standard warranty and no previous owners. You also don't have to worry about the vehicle's condition since it's brand new.
On the other hand, Ford|Lincoln certified pre-owned cars offer many of the same benefits as a new car but at a lower price. You'll also have the knowledge that it has passed a rigorous inspection process and comes with a manufacturer's extended warranty.
The Bottom Line
It's important to do your research before making a decision. Consider your budget, needs, and preferences before choosing between a certified pre-owned car and a new car. Whichever you decide, be sure to read the fine print of the certified pre-owned warranty and ask any questions you may have before making your purchase.