Buying a new car is one of the most expensive investments people make outside of home ownership. Given that a new car can be expected to run for the next couple of years without any major hiccups, such a purchase is often the most desirable and sensible way to go.
However, buying a new vehicle isn’t always a viable choice, especially if you’re already running your day-to-day overhead on a tight budget. If cost is a major concern of yours, it is actually possible to buy a good-as-new car for much less than its original off-the-factory price.
This is by taking advantage of the certified pre-owned vehicle programs offered by some dealers. Certified pre-owned, or CPO, vehicles are typically vehicles that are less than five years old, have been serviced to make them as close to new as possible, and have been thoroughly inspected and tested for their reliability and roadworthiness. These cars are also still under warranty, thus giving you the best bang for your buck.
To guarantee the highest possible quality for purchasers, only cars ages 5 years old or less, and have a mileage lower than 75,000, usually make it into a dealer’s certification list. Also, qualifying vehicles must not have been involved in any road accidents requiring extensive repairs or overhauls.