Are certified pre-owned more expensive?
CPO cars tend to be more expensive than regular used cars because of the added inspection, reconditioning, and warranty coverage. On average, the price difference can range from $1,000 to $3,000, depending on the make, model, and certification program. To summarize: The answer to the question, “what is the difference between used and certified pre-owned” is that CPO vehicles offer benefits like warranty coverage and thorough multi-point inspections and pre-owned cars don’t.So, What Does Certified Pre-Owned Mean, Exactly? Mercedes-Benz will label some vehicles as “CPO”, meaning the car has passed a 165+ point inspection. In addition, a certified pre-owned vehicle is covered by warranties, which is not a benefit that comes with other pre-owned cars.Certified Pre-Owned (CPO) vehicles are premium used cars that are rigorously inspected and backed by the manufacturer. Buyers must compare the lower cost of a standard used car to the greater peace of mind that comes with a CPO vehicle.Additionally, certified pre-owned vehicles often come with extended warranties, roadside assistance, and other perks that aren’t available with traditional used cars. Taking all this into account, the most significant benefit of certified pre-owned cars is the peace of mind offered.There is always some risk involved in buying a used car, but with a CPO vehicle, it is typically lower. Mechanics who are trained to spot trouble have inspected it. A manufacturer backs it with a limited warranty — and maybe a powertrain warranty, too.
Can you negotiate CPO warranty price?
Remember that certified pre-owned cars usually have a higher price tag than regular used cars. This is because they have undergone a rigorous inspection process and come with a warranty. So, while you may be able to negotiate on the price, it is important to ensure that you are getting a good deal. Certified pre-owned vehicles can offer the value of a used car with the extra peace of mind that comes from being backed by the manufacturer’s limited warranty. And with free inspection and history reports, you’ll have a better idea of the vehicle’s condition.They’re thoroughly inspected pre-owned vehicles that are backed by manufacturer warranties and have passed a rigorous inspection completed by a certified technician. They’re a gold standard of used cars and only models that meet the OEM’s CPO program standards earn the title.
Are Mercedes expensive to maintain in the USA?
As of 2022, Mercedes-Benz maintenance costs, on average, were around $908 according to a study done by Your Mechanic. If you’re looking for power, Mercedes-Benz has you covered but keep in mind that you’ll need to be prepared for the cost. Expensive Maintenance and Repair Costs Mercedes vehicles often require specialized knowledge and tools for servicing. Mercedes-specific parts are typically more expensive, and labor costs at authorized dealerships can be significantly higher than at independent mechanics.On average, BMW maintenance costs range from $1,200 to $2,500 annually, while Mercedes-Benz maintenance costs typically fall between $1,000 and $2,000.
Can I negotiate the price of a CPO Mercedes-Benz?
You can — and should — negotiate on CPO vehicles, just like you’d negotiate on any new or non-certified used car. As with any negotiations, we recommend fixating on the out-the-door price of the car, including all taxes and fees. CPO programs specify that you follow the manufacturer’s maintenance schedule. Failure to do so could void your warranty. And you will need to have that routine maintenance work performed at a franchised dealer—just as you would with a new vehicle covered under the standard new-car warranty.
How long is CPO warranty good for?
The coverage offered by a CPO program is limited to specific terms outlined by the automaker, usually one extra year or up to 12,000 miles on top of the vehicle’s original new-car factory warranty. The limited bumper-to-bumper warranties that are also part of CPO programs generally cover almost everything else on the vehicle for the first 12 months and 12,000 miles.Hyundai CPO Warranty The Hyundai certified pre-owned warranty is ranked among the best certified pre-owned warranties thanks to its comprehensive warranty coverage. This warranty covers what remains of the original new vehicle five-year/60,000 mile bumper-to-bumper warranty and 10-year/100,000-mile powertrain warranty.