If you're in the market for a new car but have a limited budget, get the best of both worlds with a certified pre-owned car. This type of vehicle is a used, late-model car that's still in good condition and has low mileage. New cars will lose some value as soon as they're driven off the lot—as much as 10% in the first month of ownership. With a CPO vehicle, you can avoid this kind of significant depreciation.

A Guide to Certified Pre-Owned Cars

How is buying a CPO car different from finding a used car on my own?

A significant advantage of buying a certified pre-owned car is the time it saves you from having to research and pay a mechanic to inspect the vehicle you're considering. While a manufacturers' franchised dealership and some independent used car dealers may have certification programs, private sellers cannot get pre-owned vehicles certified.

What should I look for when buying a certified pre-owned car?

It will most likely have a sticker on the windshield with the manufacturer's CPO logo. Compare the CPO price to the price of a new car of the same make and model. Rates can range from 25% to 40% lower than the original car costs. Check with the dealership to see if they're offering any exclusive deals, like free regularly-scheduled maintenance, car washes, oil changes, or even roadside assistance.

What are the requirements for certifying a pre-owned car?

CPO program standards and rules are set by individual manufacturers and will include limits like the car's age and mileage. On average, they're less than 5 years old and have fewer than 50,000 miles.

Dealerships find cars at auctions, as well as from trade-ins when someone buys a new car, and when vehicles are turned in at the end of their lease. But before it can become certified pre-owned, it goes through an inspection done by a trained mechanic. They'll complete routine maintenance, replace worn parts, and fix any mechanical issues. You can often find a vehicle that is almost identical to its brand new counterpart.

What happens if my certified pre-owned car has mechanical problems?

Every warranty is slightly different. Depending on the dealership, items like tires may not be covered. Ask if there is a deductible for repairs covered by warranty. Just like car insurance, for example, you may have to pay the first $100 or so before your coverage kicks in.

For a reliable pre-owned car, truck, or SUV, visit FacilDeal Auto Center in Haines City, FL. Their dealership offers convenient financing options and is eager to match you with the best vehicle to fit your needs and lifestyle. Call (863) 588-2159 to speak with a team member. Visit their website to see a current inventory list.