If you’re looking for a new vehicle but aren’t able to afford one fresh out of the factory, you may benefit from choosing either a certified pre-owned (CPO) or used vehicle. Although both types refer to pre-owned vehicles, they each provide different benefits and sit at different price points that may influence your decision one way or the other. Plus, with such a variety of options, it can be hard to decide where to begin. Let’s take a closer look at what exactly "CPO" means, as well as the potential benefits of CPO and used vehicle purchases.
What Is CPO?
CPO vehicles are used vehicles that have undergone a thorough factory inspection, ensuring that they’re in great condition before your purchase. Most CPO vehicles tend to be less than 10 years old, meaning that you’re able to find a fairly recent car at a reasonable price. Many dealerships, including Boardman Mitsubishi, provide additional benefits alongside your purchase, such as extended warranties, that can give you the same benefits as purchasing a brand-new vehicle without overwhelming your budget.
Additionally, CPO vehicles typically come with extra perks, such as roadside assistance, which can add even more value to your purchase. It’s worth noting that CPO vehicles may come with a slightly higher price tag than non-CPO used cars, but the added benefits and peace of mind can often make it worth the extra cost. Overall, CPO vehicles offer a great way to get a high-quality used car with the added security and value that comes with a factory inspection and additional dealership perks.
The Mitsubishi CPO Program
The Mitsubishi CPO program at Boardman Mitsubishi offers a range of benefits. Every CPO vehicle has been thoroughly refurbished and has passed a 123-point inspection to ensure your vehicle reaches or exceeds our standards of quality. None of our CPO vehicles are more than five years old, and none have more than 60,000 miles on them. With every CPO purchase, we also provide special warranties, including the remainder of the new vehicle’s five-year/60,000-mile bumper-to-bumper warranty, the remainder of the seven-year/100,000-mile anti-corrosion and perforation warranty, and a 10-year/100,000-mile powertrain protection warranty considering you as the original owner.
In addition to these warranties, buyers of a Mitsubishi CPO vehicle receive unlimited mileage roadside assistance for the remaining balance of the five-year limited warranty or the 10-year powertrain warranty, depending on the type of issue that may affect your car. Roadside assistance includes such services as vehicle lockout assistance, battery jump-starts, flat tire changes, or gas delivery.
Buying a CPO vs. a Used Vehicle
When it comes to purchasing a used car, one of the key decisions you’ll need to make is whether to opt for a CPO vehicle or a non-CPO used car. While there are certainly many benefits to purchasing a CPO vehicle, such as the added peace of mind that comes with a thorough factory inspection and the bonus perks that many dealerships offer, it’s also important to examine the potential benefits of buying a non-CPO used car.
Ultimately, the type of pre-owned vehicle you choose will depend on your individual needs, preferences, and budget, as well as your priorities when it comes to the condition and reliability of your car.
The Benefits of Buying CPO
One of the main reasons why many people buy CPO is that dealerships often provide additional extended warranties that mirror the factory warranties that come with brand-new vehicles. In this way, your purchase comes with more benefits than you might receive purchasing used. Additionally, all CPO vehicles in our inventory are thoroughly inspected and verified to be high-quality, ensuring that the vehicle you receive is as close to being in new condition as possible.
With its many added benefits, however, CPO vehicles tend to cost more than regular used vehicles. Because buying CPO gives you greater reliability and better quality, its price point is often higher than a regular used vehicle. Thus, you may not wish to consider buying CPO if your budget doesn’t allow it.
The Benefits of Buying Used
Although it doesn’t come with as many package benefits as a CPO vehicle, a used vehicle can be a great choice when purchasing a pre-owned car. One of the biggest perks when buying used is that you have access to not only the lowest possible prices but also the widest range of options in terms of the year, make, and model, as seen in our expansive used inventory. By purchasing used, you may be able to afford some additional features that you wouldn’t be able to afford in a newer version of the same vehicle.
Of course, buying used means that you don’t necessarily get the reassurance of a certified inspected vehicle. However, used vehicles can still be high quality without breaking the bank, especially if purchased from a reliable source like our dealership in Boardman, Ohio.
More Financial Options: Financing, Loans, and Trade-Ins
Aside from weighing the choice between a CPO or a used vehicle, our Finance Center provides a variety of other options to help make your dream purchase possible. Our knowledgeable team is available to assist you with all your financial options, which may include financing your purchase or taking out an auto loan.
Some of our financial tools available online include a free payment calculator to help you determine the cost of your monthly payments, a free financing application to give you quick approval even with bad or no credit, and special offers for those in the military or with veteran status. We also offer the ability to trade in your vehicle, putting its current value toward the cost of a new vehicle through our trade-in program. You can get an instant offer for your vehicle through the trade-in tool on our website.
Shop CPO or Used at Boardman Mitsubishi
If you’re looking for a new-to-you vehicle in the Boardman, Ohio, area, we at Boardman Mitsubishi would love to help you find what you’re looking for. With our extensive pre-owned and used inventories, we can help make your dream car possible regardless of your financial situation. Contact us today for more information on our available vehicles and services or to schedule a test drive.
Image Credits: 2020 Mitsubishi Outlander Sport via mitsubishicars.com