Have you ever wondered what the difference was between CPO vs. used? Well, it’s actually a common question among Eagan drivers, and while both fall into the category of used, there are very important differences between the two. You can find out more about the difference between used and certified pre-owned vehicles, so that Woodbury drivers can find the right car to fit their needs and budget.
Used vehicles are vehicles that have been owned by a previous driver, which is obvious. They can vary in a number of ways such as; model year, mileage, previous owners, and more. This is why used cars are priced at a much lower point than new vehicles, but also lower than certified pre-owned vehicles. Some of these prices can go down as low as used cars priced under 10k. There is a benefit to this though for St. Paul drivers, and that is that used vehicles won’t depreciate much more than they already have. A new vehicle will lose up to 40% of its value within the first year. While these vehicles, some well over 100,000 miles, may seem like a risk you can expect to easily get over 200,000 miles and more on newer model vehicles with routine maintenance. Some things to remember though include:
When you want to know what is the difference between a used and certified pre-owned vehicle, it’s easy to think of CPO vehicles as the middle point between used and new vehicles. Certified pre-owned vehicles have to meet a number of requirements set forth by the manufacturer, as well as pass a thorough inspection by factory-trained technicians. In order to know the difference between a CPO vs. used is that a CPO vehicle must meet:
Certified pre-owned vehicles are obviously newer year models, with less mileage. This means that they come with a higher price point, but are still far below the price point of a new vehicle.
Now that you know what the differences between used and certified pre-owned are, it’s time for you to find the one that best fits your needs or learn more about a lease buyout. Take advantage of our used vehicle specials, which can contain both, and let our finance department find you the best deal possible off of your new-to-you vehicle such as a used Chevy Colorado.
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