Certified Pre-Owned
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A Certified Pre-Owned or CPO, car is a type of used car. Most often late-model, they differ from run of the mill used cars by having been refurbished, and certified by the original dealer as being as good as new. They also typically include an extended warranty, special financing, and addtional benfits from the manufacturer. Luxury marques Lexus and Mercedes-Benz were among the first to create CPO programs in the 1990s.[1] Manufacturer CPO vehicles are only sold at authorized dealers specializing in that particular franchise and cost slightly more than a non-CPO car of the same model and specifications. CPO cars are generally five years old or newer and have less than 80,000 miles.
[edit] References
- Westways, November/December 2005, p. 48, "Automotive Overdrive" column, "Alphabet Soup", by Peter Bohr
[edit] External links
- Article on Certified Pre-Owned vs. Extended Service Contract at edmunds.com - May have some further detail on this subject.
- How Much Does Certification Cost? - Overview of CPO value, premiums.
- Certified Used Vehicle Programs @ edmunds.com - Provides short but concise definition, with links to various program details.
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