Are Certified Pre-Owned Cars Worth Your Cash?
What Is a Certified Pre-Owned Car?
Certified pre-owned cars, or CPOs, offer consumers additional peace of mind in exchange for an increased car price. Like the name implies, a certified pre-owned car is a used car that has passed some sort of dealership inspection verifying that the vehicle is in very good condition. As part of the CPO contract, car dealers generally extend the factory warranty or issue a service contract for any pre-owned car they have certified. However, in return for the extended factory warranty, the actual price of the certified pre-owned car can increase by anywhere from five hundred to a few thousand dollars.
What Cars Generally Qualify for CPO Status?
Not surprisingly, cars that qualify for CPO status are cars that dealership are comfortable with extending the factory warranty or promising future service. These cars generally tend to be low-mileage and late-model. They also tend to be in good shape, have been well maintained by their previous owners, and are free of any accident history. Most CPOs tend to have been leased, as opposed to sold, by customers who have taken very good car of the car in order to avoid penalty fees for wear-and-tear damage.
What Can I Expect to Get for My Money?
The terms of any CPO will vary from car to car and from dealership to dealership. For example, Lexus provides one of the more comprehensive CPO offerings on the market. For some certified pre-owned models, Lexus has been known to add a three-year/100,000-total-vehicle-mile limited warranty. Chrysler, on the other hand, delivers only a three-month/3,000 mile limited warranty in addition to an 80,000-total-vehicle-mile-powertrain-only warranty. However, Chrysler also offers an inspection and includes a return option for the consumer in its CPO policy.
Determining Whether a CPO is Right for You… and Your Wallet
Certified pre-owned cars were pioneered by car dealers like Lexus in the early 1990s in order to entice consumers to purchase low-mileage cars that had been leased. Since that time, it has been a useful way for car dealers to make extra commission off of selling used cars. After all, both the manufacturer and the dealer get a portion of the CPO fee that consumers pay for when they opt for the service contract and warranty extension.
Consumers who value security and are confident that their dealer’s CPO service contract is fair should consider buying a certified pre-owned car. Consumers interested primarily in the lowest possible price for a car should not consider a CPO.
Recent Articles
We Have Decades of Experience In Digital Asset Acquisitions
Budgeting
Brand Protection
Strategy
Appraisals
Acquisition
Transfer & Registration
Market Research
Contract Negotiation
WHY WE’RE TRUSTED
We’ve Done Half a BILLION Dollars of Domain Deals
Domain Transactions
1,000sDomain Name Sales
$550M+Years of Experience
15+WHAT PEOPLE SAY
Real Success, Real Clients
"When starting a company, the Saw.com broker service team are some of the first people I call. A memorable name, and the domain and social handles behind it, creates a huge amount of brand equity right out the gate — no matter how big or how small your company is. From diapers.com to jet.com (and many more to come!) the Saw.com domain broker team has helped my companies be seen."
MARC LORE
Serial Entrepreneur
"We have worked with Saw.com since their inception and would not work with anyone else. They help us in all facets of business - from sales and transfers to renewals, SSL issues and any other matters that may arise. You will not find a better, more trustworthy business that has maximized our profits."
FUTURE MEDIA ARCHITECTS
WHY CHOOSE US?
Nobody Does Domain Deals Better
Deep Experience
Our team is full of domain experts and our CEO, Jeffrey Gabriel, has contributed to $550m in domain transactions including blockbuster sales like the record-breaking $13m for Sex.com.
Intimate Service
We only work with individuals and corporations who we feel can gain the most impact from our services. We're not a high-volume shop, so you never become "a number on the spreadsheet".
Secure Marketplace
Saw.com's global marketplace brings buyers and sellers together for seamless domain transactions. We have more domain data than any other platform, with 250,000+ names listed for sale.
Quality Brokers
Work with our brokers - the brightest minds in the business and stone-cold killers when it comes to buying and selling domains. We speak English, Spanish, Chinese, Russian, and more.
Ready To Give Your Brand a Boost?
Acquire the best domain for your business with Saw.com, one of the world’s leading brokerage firms.