Certified Pre-Owned Vehicles Make Used Car Buying Easier... Sometimes - The Street
Certified pre-owned vehicles have shaken much of the shadiness out of the used car markets.
Sure, you can still get a cheap used car on a lot by the highway or through some random ad, but certified pre-owned (CPO) cars are part of the reason that used car buyers don't have to put themselves in peril anymore. Introduced by Mercedes-Benz and Toyota's Lexus brand more than 20 years ago, CPO cars are typically less than five years old, have fewer than 50,000 to 80,000 miles on the odometer, are sold through manufacturers' dealerships, go through rigorous inspections and come with extended warranties similar to new cars.
Brandy Schaffels, chief editor for women's automotive advice website AskPatty.com, notes that CPO vehicles are typically purchased by a dealer at the end of a lease. Ideally, this ensures low mileage, routine maintenance and pristine care under the terms of the lease. Because of the abundance of those "off-lease" vehicles, CPO sales provide dealers a means of reselling those vehicles by suggesting that they hold greater value than a standard used car.
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