Reasons why a CPO might be a good fit for you

Reasons a Certified Pre-Owned (CPO) Vehicle May Be Right for You


Lying somewhere between “brand new” and “used” is a classification of vehicles called “Certified Pre-Owned (CPO)”. SVG Jeep has several of these special vehicles on their lot, and we’re going to explore if these will be a viable option for you to consider.


What  is a CPO?

A CPO is a vehicle that has previously been owned. The difference between a “used” vehicle and a CPO is that the CPO will usually be no more than 5 years old. They have been inspected, refurbished, and certified by a manufacturer or other certifying authority as being as close to new as possible (without actually being new). CPO vehicles include extended warranties, often have special financing, and other benefits beyond a traditional used car.


Potential for savings

Often, CPO vehicles cost less than their new counterparts, usually up to 25% less for vehicles one or two years old. Those up to four years old could be as much as 40% less than a brand new version. Remember, CPO vehicles come with excellent warranties, so this extra coverage means they’ll likely cost more than an identical “used” vehicle.


What the typical warranty is like

Most CPO vehicles carry warranties that are far superior to “after-market” warranties because the warranties are backed by the vehicle’s manufacturer. Usually a warranty will cover  the drivetrain (put simply, engine and/or transmission problems). Consumable items such as tires and brake pads are not covered under a CPO warranty. Pay attention to CPO warranty limitations; many will specify which dealerships will honor the warranty. In that case, if you do encounter a problem, it’s important to seek repairs from the dealership you purchased the vehicle from or another approved  dealership, otherwise the warranty won’t cover the repairs (if you bought a CPO Jeep, take it back to the service department where you bought it or take it to another Jeep dealership).


Many CPO plans (but not all) will include some maintenance items for free. For example, you may get some free oil changes with the CPO package. At SVG Jeep, you don’t have to worry about that, because every vehicle purchase earns you 3 years of free oil changes!


Qualifying to be a CPO

All Chrysler, Dodge, Jeep and Ram Certified Pre-Owned vehicles must pass a history check and rigorous 125-point mechanical and appearance inspection and must be 5 model years old or newer and have less than 75,000 miles. Certified Chrysler vehicles include:

·      Rigorous 125-point mechanical and appearance inspection.

·      CARFAX® Vehicle History Report™

·      Factory-backed 7-Year/100,000-Mile Powertrain Limited Warranty runs from date vehicle was sold new.

·      3-Month/3,000-Mile Maximum Care Limited Warranty with $100 deductible runs from date of sale of the vehicle, or at the expiration of the 3/36 Basic Warranty.

·      $100 deductible

·      24-Hour Towing and Roadside Assistance

·      Rental car coverage if repairs take vehicle out of service more than one day

·      Warranty is transferable.

·      Owner loyalty communications and service coupons.

·      SIRIUS® Satellite Radio 3 trial months of service.


Keep in mind

If you’re considering a CPO vehicle, be flexible on what make/model you’re willing to buy. The likelihood of finding the exact vehicle you want as a CPO is fairly small.


Is it right for you?

If you don’t have your heart set on a specific model of vehicle, and you can be flexible about which features may come on a vehicle, a CPO just might be a good fit for you. You won’t have to worry about having a good warranty, plus you may get some extra benefits you weren’t expecting to get by buying a used car (such as a Sirius Satellite trial!) You can expect significant savings over buying new, although remember…CPO vehicles will likely cost a bit more than a “used” vehicle of the same make/model. Overall, CPO vehicles are a great way to buy a vehicle and have the best of both worlds –the price of a pre-owned car with features and warranties like new.

 

SVG Jeep has CPOs! See the full collection here.

 

           

 

 

Categories: Pre-Owned Inventory
; ;