Posts Tagged ‘Type of used vehicle’
Certified Pre-Owned Vs. Extended Warranty
Buying a used vehicle can be very confusing for consumers, particularly for first-time buyers. There are now multiple classifications of used cars and the warranties that cover them.
Certified Pre-Owned
Certified Pre-Owned, or CPO, is a type of used vehicle that has undergone repairs, refurbishing and inspection by either the manufacturer or an approved franchised dealership.
Extended Warranty
An extended warranty is a guarantee that protects any used vehicle—not just CPOs— for which a consumer chooses to purchase the warranty.
Certified Pre-Owned vs. Extended Warranty
A CPO typically undergoes extensive inspection and restoration, so the vehicle itself is likely in better condition than a non-certified used vehicle.
An extended warranty simply protects the consumer if the vehicle exhibits certain flaws, defects or problems that need repair. Read the rest of this entry »