What is the advantage of a Mercedes certified pre-owned?
The Mercedes-Benz Certified Pre-Owned program provides additional assurance beyond its thorough vetting process. Some of the benefits these models enjoy include: Comprehensive Warranty – The balance of the original New Vehicle Limited Warranty applies, along with an additional 1-year/unlimited-mile warranty. Certified Pre-Owned Overview & Benefits Every Certified Pre-Owned Mercedes-Benz is covered by any remaining portion of the Mercedes-Benz four-year/50,000 mile New Vehicle Limited Warranty. Then, the CPO Limited Warranty provides comprehensive coverage for another 12 months with unlimited miles.No-deductible service, unlike many other pre-owned warranty programs. You will never pay additional fees for warranty-covered labor, repairs or parts. Fully transferable with no transfer fee, in the event you sell your Mercedes-Benz Certified Pre-Owned vehicle to a private party.The allure of certified pre-owned vehicles is bolstered by their comprehensive warranties and assurances, setting them apart from conventional used cars. CPO vehicles typically come bundled with extended limited warranties, offering buyers an added layer of protection and peace of mind.CPO limited warranty coverage is for one year and unlimited mileage after the four-year/50,000-mile new car warranty runs out.Every Certified Pre-Owned Mercedes-Benz comes with its remaining 4 year/50,000 mile New Vehicle Limited Warranty. Once the New Vehicle Limited Warranty has expired, the CPO Limited Warranty kicks in, providing an additional 12 months of coverage with unlimited miles.
Why pre-owned instead of used?
A big difference between certified pre-owned and used cars is the inspection process they each have to undergo. Used cars are much less likely to go through an extensive vehicle inspection process, and as such, are more likely to experience more maintenance issues in the first few years of use after purchase. While some older models were considered “high-mileage” at 100,000 miles, modern Mercedes-Benz vehicles are built to be durable, with many models capable of lasting well into the hundreds of thousands of miles with proper care. The key is understanding what to expect and what to prioritize in terms of service.Additional benefits of Mercedes-Benz Certified Pre-Owned vehicles include 24-hour roadside assistance, nationwide dealer support, trip interruption coverage, and vehicle exchange privilege. These benefits enable you to make your next purchase with the highest level of confidence.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.Mercedes-Benz certified pre-owned vehicles are no older than six years. This means they come at a higher price than your average used car, but are still more cost-effective than brand-new models. Additionally, they offer coverages and benefits you can’t get with a standard used vehicle.Once that warranty ends, the Mercedes-Benz certified pre-owned limited warranty kicks in, offering you a 12-month, unlimited-mile warranty covering the engine, powertrain, suspension, steering, climate control, electrical system, audio and navigation system, brakes (but not wear items like pads and rotors), and more.
What’s the difference with certified pre-owned?
Compared to used vehicles, certified pre-owned models are generally newer, with fewer miles. They’re generally priced significantly higher than older used models, but they’re always more affordable than comparable new vehicles. While new cars depreciate quickly, used vehicles have already gone through the sharpest depreciation period. This means the car you buy won’t lose its value as dramatically as a new one would. Since used cars generally have a lower value than new cars, insurance premiums tend to be cheaper.Identifying the “Sweet Spot” The optimum age range for purchasing a used car is commonly recognized as falling between 2 to 5 years old. Within this timeframe, a car has traversed the steepest part of its depreciation curve while still maintaining relatively new and well-maintained conditions.New cars can lose up to 20% of their value within the first year and continue to depreciate at a steady rate over the next few years. This means that the hefty investment made in a new car does not hold its value well over time. Consider this: the moment you drive your brand-new car off the lot, it becomes a used car.Much of a vehicle’s value is lost in its first few years, so purchasing used instead of new lets the first owner absorb the massive depreciation hit, and you get a more affordable car that will depreciate more slowly as it ages.The best age for a car in terms of resale value can vary, but generally, cars that are 3-5 years old tend to have the best balance of depreciation and value.
Which is better, pre-owned or used?
Used Vehicles Offer More Value Than CPO While CPO cars go through inspections and include extended warranties, they often cost thousands more than a comparable used car without offering enough added benefits to justify the price. CPO vehicles go through stringent inspection processes, reconditioning, and include warranty coverage, giving buyers added peace of mind. On the other hand, standard used cars tend to have lower upfront costs, making them accessible for budget-conscious shoppers.What makes certified pre-owned vehicles more valuable in some occasions? CPO vehicles undergo rigorous inspections, come with manufacturer-backed warranties, and depreciate slower, providing long-term value and peace of mind. Perks like roadside assistance and financing incentives add even more appeal.Certified pre-owned (CPO) cars are popular with buyers who want to minimize the risk of buying a used car. They often come with added benefits versus buying an uncertified car, such as a limited warranty, roadside assistance and loaner vehicles.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.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.
Why is certified pre-owned more expensive?
What makes certified pre-owned vehicles more valuable in some occasions? CPO vehicles undergo rigorous inspections, come with manufacturer-backed warranties, and depreciate slower, providing long-term value and peace of mind. Perks like roadside assistance and financing incentives add even more appeal. Devices that were formerly owned or used but have been rebuilt, cleaned, and returned to operational state are known as refurbished phones. Unlike CPO phones, refurbished items may not always be manufacturer-certified, and the refurbishing procedure could differ depending on where you purchase the phone.Certified Pre-Owned” is also potentially more accurate than “used” or “refurbished” — some smartphones are returned in full working order after only a few days. While these devices are definitely pre-owned and cannot be sold as new, some may not have been used at all by previous owners.A certified pre-owned device is a second-hand device that has been thoroughly tested and repaired, has a warranty, and looks like a brand-new device. Compared to refurbished phones, CPO phones are certified by the original manufacturer or authorized refurbisher.