Why are there certified pre-owned used car programs?
In search of a way to give consumers piece-of-mind when buying a used car and increase used car sales for the dealers. Manufacturers and car dealerships have come up with several different “certified used car programs.” Certified Pre-Owned Programs (CPO Programs) were created to get more consumers interested in buying used cars.
Can a used car qualify for a CPO program?
Not all used cars will qualify for CPO programs, and manufacturer terms vary from one brand to the next, but any true certified pre-owned program will include at least a 100-point visual and mechanical inspection of the vehicle. Normally a used car has to pass a certain inspection process to become a certified vehicle.
How can you negotiate on certified pre-owned cars?
Look up the listed certified value in a few indexes, and be prepared to state the price you are willing to pay. If you find yourself with a bad deal and a salesperson who won’t budge, it’s better to walk away. There are many certified pre-owned cars around the country, and you will find the perfect one in your price range soon enough.
How much is the mark up on a certified car?
The mark-up on a certified vehicle ranges anywhere between 5-10% more than a non-certified used car. This amount, in dollars, can be $500 on cheaper vehicles and up to $5,000 or more on higher-class luxury vehicles.
What do you need to know about a certified pre owned car?
Here are a few ways to sidestep or resolve issues on a certified pre-owned car: Make sure it is a genuine CPO vehicle: Sometimes a dealership will label a vehicle as “certified,” but it isn’t the same thing as a manufacturer’s CPO program.
How old does a car have to be to get a pre-owned car program?
Warranty: Up to seven years/10,000 miles. The warranty will cover most vehicle components from the car’s original purchase date. To make the cut: The vehicle has to be less than 5 years old and have less than 60,000 miles. Both brands are subject to a 165-point inspection.
How long does it take to get a certified pre-owned Mercedes?
You can then quickly and easily finalize your purchase with the dealer. Browse ongoing offers, specifically for Certified Pre-Owned vehicles across the Mercedes-Benz lineup. Save up to 30% on costs when you pay in advance, and enjoy routine maintenance every 1 year or 10,000 miles (whichever comes first).
What are the benefits of a certified pre-owned Mercedes?
1 The Certified Pre-Owned Limited Warranty. Every Certified Pre-Owned Mercedes-Benz is backed by the remaining 4-year/50,000-mile New Vehicle Limited Warranty. 2 Additional Perks & Benefits. 3 Special Offers & More.