Navigating The Pre-Owned Market: CPO Vs. Used

Are you currently searching for an affordable pre-owned vehicle in Memphis, TN? If so, you’ve definitely come across results that differentiate between “certified pre-owned (CPO)” vehicles and “used” or “pre-owned” vehicles, but what’s the difference? And which is right for you?

Certified Pre-Owned Vs. Used: What’s The Difference?

One of the main differences between a CPO vehicle and a used vehicle lies in their respective inspection processes. A CPO vehicle inspection is far stricter and more rigorous than one for a used vehicle. A typical CPO vehicle:

• Is no more than ~5-6 years old, and is likely a lease return
• Has a mileage cap (generally ~60,000-80,000 miles)
• Is thoroughly inspected (manufacturer-backed 100+ point inspection)
• Includes extended, factory-backed CPO warranties
• Is in “like-new” condition

In addition, CPO vehicles may include perks such as complimentary maintenance and roadside assistance. Contact us to learn about the additional perks and advantages of choosing a CPO vehicle from Southaven Honda.

On the other hand, a used vehicle won’t be subjected to such strict standards before being put out on the lot. So, if you’re thinking about getting a used vehicle for your Germantown, TN adventures, be aware that used vehicles:

• Can vary significantly more than CPO vehicles in age, condition, and miles driven
• Likely underwent only a basic inspection
• May not include a warranty

Certified Pre-Owned Vs. Used: Which Is Right For You?

Given those differences, which is right for you? Here are some pros and cons of CPO vs. used:

Certified Pre-Owned: Pros

• Manufacturer-backed warranty protection
• A rigorous inspection and reconditioning process to guarantee the condition of the vehicle
• Age and mileage limits for reliable performance

Certified Pre-Owned: Cons

• Higher cost
• Reduced selection

Used: Pros

• Lower cost
• Greater selection

Used: Cons

• Higher risk
• Higher interest rates (if financing)

Generally, CPO vehicles are more expensive than used vehicles, owing to the stringent criteria, inspection process, and extended warranties. However, the rigors of receiving certification also reduce the number of models available for CPO designation, so you may not be able to find the exact model or trim you want. With used cars, you’ll have a much greater selection of models to choose from.

On the other hand, because it’s difficult to predict how a used car will depreciate in the future, you can expect to take on a higher interest rate if you choose to finance one. In addition, the lack of factory-backed warranty protection and minimal inspections makes choosing a used car in Olive Branch riskier than choosing a CPO vehicle. If you choose to buy used, be sure to do your due diligence and have it inspected by a trusted mechanic (or two) before buying it.

Choose Southaven Honda For Your Next CPO Or Used Vehicle

Whether you choose to go with the stability and assurance of a CPO vehicle or want the freedom to choose a used vehicle that’s perfect for your adventures, Southaven Honda can help you find what you want. Visit us in Southaven today, and speak with our finance experts about your options.