Large Part Of Auto Market Out For Certified Pre-Owned Vehicles |
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Pamela Hewitt
July 13, 2006
Certified pre-owned, or CPO, vehicles seem to be the in thing in the automobile market. This is according to the statistics and data from a survey done by Edmunds.com. Edmunds.com is actually one of the largest sources of automotive information on the Internet.
The respondents of the mentioned survey were out shopping for vehicles – new and used. And almost eighty five percent of the lot disclosed that they actually considered or would even consider buying a CPO vehicle for themselves. However, among these respondents, some were honest enough to say that they did not know the difference between a manufacturer program and an independent certified pre-owned program.
Philip Reed, the Consumer Advice editor for Edmunds.com, explains, “There is an important distinction: a factory-certified vehicle is backed by the manufacturer and provides consumers with the option of servicing their vehicle at any of the franchise’s dealerships. We do not recommend dealer-certified cars because they typically offer a much more limited certification and no backing from the manufacturer.”
CPO vehicles are plenty in the market. If you are one of those people looking forward to own a CPO vehicle, it is essential that you bring with you some tips on how to look for the best kind of CPO car. Just remember that it is just like looking for the best kind of Lincoln Mark VII performance parts for your vehicle.
Research would help you out best. It gives you the confidence to ask more questions for you know what you are looking for and the whole process of CPO vehicles. Try looking into the difference between each manufacturer’s CPO programs. You see, each auto manufacturer has a different program. The warranties also do vary so try to compare and contrast such programs.
Be aware of what the warranty states. Know just how long your CPO vehicle is included and also do review everything that the warranty states. Remember, the warranty serves as your contract between you and the auto maker.