CPO. IDK. OMG. LAWLZ. Only one of these will help you while shopping for a used car and that’s CPO (certified pre-owned). You’ll see CPO gets thrown around while shopping for a car more than LOL on Facebook. This gets confusing, but it really shouldn’t be. There are a five things to know about a CPO car and what makes them different from other used cars.
CPO vehicles are only available at brand-name stores
Only the original manufacturer can certify a CPO vehicle. That means you can only buy a CPO Honda at a Honda dealership . You’ll know a brand-name store when you see one because they sell new cars too and are usually named something like Stanford Chevrolet Buick or Lyle Lincoln Ford.
Manufacturers have different CPO qualifications
Each car manufacturers has their own standards for qualifying a CPO car. For example, Lexus requires a CPO to have less than 70,000 miles and be no more than 8 years while a CPO Chevrolet needs to be a 2008 or newer, have less than 75,000 miles and pass a 172-point inspection.
Buying a CPO car comes with perks
Similar to the varying standards for qualifying a CPO, each automaker has their own set of CPO perks, warranties or special financing offers. Volkswagen offers a 2-year warranty and free 3-month subscription to XM. BMW offers a warranty up to 6 years or 100,000 miles. Check a manufacturer’s website to see what types of perks they offer.
Two ways to spot a CPO on Mojo Motors
- The blue ‘Certified’ tag over a vehicle’s photo.
- On a vehicle’s page, we mark a vehicle if it’s certified by the dealership or manufacturer. On the left you see a dealer certified tag. On the right, a manufacturer CPO tag.
Manufacturer CPO VS dealer certified
A dealer certified car might come with a limited dealership-backed warranty and have a clean vehicle history report. The manufacturer CPO is more rigorous and like the section above discusses, varies from automaker to automaker. As always, we recommend calling the dealership to confirm the information on a vehicle’s page just to make sure everything is accurate.
Ultimately, it’s up to you to determine if buying a manufacturer CPO makes financial sense. The upfront costs might seem out of your budget, but with CPO financial incentives, your interest rates will be lower and you’ll get a warranty. Once you decide and call up a dealer, remember these three things and your call will go as smoothly as owning a certified pre-owned car.