Difference Between CPO & Non-CPO Vehicles

Difference Between CPO & Non-CPO Vehicles

Difference Between CPO & Non-CPO Vehicles

When shopping for a used vehicle, you will find vehicles that fall under the certified pre-owned or non-certified pre-owned designation, and they differ in multiple ways. Although both options can be excellent choices for customers, it comes down to the needs of each customer and what they are looking to buy. Those looking for a used vehicle in Edmonton, Alberta, or the surrounding areas should consider visiting us at Elmwood Car Sales to view our used inventory. We also encourage that you test drive your desired vehicle to get a closer look at everything it offers.

Overview Of CPO & Non-CPO Vehicles

Customers can be confused about the different types of pre-owned vehicles, as they are presented with many options, some of which fall under the certified pre-owned category. The main difference between a certified vehicle and one that's not is the inspection and warranty. If a vehicle fits the criteria for a certified pre-owned program, it will undergo a different preparation process than a typical pre-owned vehicle before being listed for sale. Both types of pre-owned vehicles are worth considering, but depending on your specific needs, you might prefer one over the other.

Inspection: CPO Inspection & Non-CPO Inspection

For a vehicle to qualify under the manufacturer's certified pre-owned program, it will need to be relatively new, maintained well, and have mileage within a specific range. Once a vehicle fits that criteria, it will undergo an inspection of its various systems and components, and it will get any repairs or maintenance that it requires. Some of the items part of the multi-point inspection include exterior condition, interior condition, tires, brakes, exhaust system, suspension, and more.

On the other hand, non-certified pre-owned vehicles could have an inspection, but it's not always the case. Since these models don't carry the certified designation, you can arrange for a private inspection of the vehicle before purchasing it. You could also expect the price of a non-CPO vehicle to be lower than a CPO.

Warranty: CPO Warranty & Non-CPO Warranty

Once a vehicle is deemed certified pre-owned, it will receive a warranty that its original manufacturer backs. With such a warranty, you can confidently commute, knowing that if you run into any issues, the warranty will cover it.

As for the non-certified pre-owned vehicles, they will only carry the remaining period for their bumper-to-bumper or limited powertrain warranty coverage, or you can opt for an extended warranty. Multiple sources provide extended warranties, such as individual dealerships, third-party providers, and more. Although these warranty options are excellent, some models might not have any warranty, making it the buyer's responsibility to upkeep the vehicle after its purchase.

Financing: CPO Financing & Non-CPO Financing

Sometimes, a certified pre-owned vehicle can qualify for lower financing rates than non-certified vehicles, giving customers more savings during their purchase. Some of the factors that help certified pre-owned vehicles during financing are their age, condition, and mileage, making them less risky to finance, resulting in better rates and terms for the buyer.

When financing a non-certified pre-owned vehicle, you can expect to pay higher interest rates than a new vehicle's rates. Also, your current financial situation will impact the interest rate charged. Another factor that affects the interest rate is the source you choose to finance from, so pick a dealership that's specialized in used vehicles to find the best financing sources.

Contact Us To Learn More

Make sure to contact us if you wish to purchase any vehicle from our selection. Our experts will gladly walk you through every step of the purchasing process, including finding the most suitable financing options.

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