Certified Pre-Owned Cars are Really Not Worth their Money – Here’s Why

You have surely heard about all the impressive benefits that certified pre-owned cars carry along. Most of them have comparatively lower odometer readings when compared to the market standard, carry manufacturer-backed extended warranties, are in near-mint conditions, and generally have a clean history. On top of this, manufacturers provide extra benefits like roadside assistance, discounted auto financing rates, free satellite radio, and more. With these many features on the pros list, who would not want to buy CPO used cars?

However, there is a catch to all these available specs. When stacked up against retail used vehicles in reputed used car lots in Greer, SC, CPO cars no longer make financial sense. If you have money to spend, CPOs might be right for you. But if you are looking to save your budget and check your expenses, you need to consider retail used cars.

You have to pay for whatever you get with CPO cars

Say you want to buy a used Honda. In a typical used Honda dealership in Greer, SC, you will not get all the Honda models that are currently in circulation. First, only cars that had gone out on lease become eligible for CPO dealerships. Among them, the manufacturer handpicks the finest of vehicles and places them up for sale. The limited supply along with low mileage and fairly-new condition add a premium price to the overall cost of such cars which was already carrying an inflated number. Plus, the extra benefits come at a cost, like extended warranties that require an upfront payment. All these bring the monthly credit premium payments of CPO used cars to nearly $850. That is almost comparable to new car payments and far higher than used car standards.

Why retail used cars are better?

One, retail used car lots in Greer, SC, have no limitations about car models and makes. They absorb their used cars from the wholesale market and individual owners that enable them to house used cars of all types and ages. You are sure to find the car you want and its alternate options in retail used car dealership which is not possible with CPO dealers.

Two, the price of retail used cars is lower. A dealership with a large Toyota car inventory in Greer will have Toyota used vehicles in all price brackets. You can buy older models to let depreciation decrease the price or you can buy smaller cars to eliminate the unnecessary features. You get to pick a car that suits your budget.

Three, in dealerships like Family Auto of Greer, you get a flat 2 years/36,000 miles warranties on used cars and that offer is comparable to what is available in any CPO dealership. The deal is included in the used car purchase package; no extra payments. You do not have to stick to CPOs now just to get warranties.

Lastly, the thought that low mileage vehicles run for a longer time is a myth. Today, cars are built to survive the test of time and any vehicle can run well over a decade provided it is maintained properly. Reputed dealerships do not sell mediocre cars to protect their reputation and you need not worry about quality there even if the odometer reading is a bit high compared to CPOs.

So, look beyond CPO dealerships and buy from retail used car lots in Greer, SC. You get almost all the features for a lesser price and protect your finances from going awry.