As evidenced by my last two vehicle purchases, I have a tendency to favor vehicles between 1-3 years of age. And while I’d love to tell you that my decisions were fueled by some sort of grand insight but, truth be told, it was simply a combination of finding the right car at the right price. While I suppose there’s no shame in that, the simple truth is that I made those decisions without even taking into consideration the benefits I was enjoying.
For example, I was getting a better vehicle than I could afford (had I bought it new). The first time around, I was buying a three-year-old vehicle. At that point, it would have depreciated as much as 46%. Accounting for the dealer’s margin, I was buying it for close to 30% less than what the original owner had paid for it. This placed a higher trim level within my budget, allowing me to get more car for my money.
This is just one of several benefits associated with buying a pre-owned vehicle, but many customers view such vehicles through second-hand glasses, associating them with a perceived lack of reliability. While the used (or pre-owned) car market has evolved a great deal over time, automakers recognize the stigma that endures. As a result, CPO (Certified Pre-Owned) programs enable them to provide added assurances to help customers buy with confidence.
So, if you’re considering a Certified Pre-Owned Ford, pat yourself on the back. You’re setting yourself up for a more satisfying experience. Here’s a quick look at what it means to buy a CPO Ford.
And if you’re unfamiliar with CPO Programs, take a minute to do something about that. Here’s a great comparison site from Kelley Blue Book, that allows you to compare the conditions and benefits of CPO programs from most automakers.