Certified Pre-Owned (CPO) cars come at slightly higher price than the non-certified ones, but the question that arises is – is it worth paying that extra cost and when?
There are many consumers who believe that going for a CPO car is certainly a better option as such vehicles pass through the stringent tests before they are deemed fit for resale. There are in all some 150-200 tests that a vehicle needs to pass. So, for the buyer it is basically a certificate of peace of mind as there are almost negligible chances of getting duped. Also, these vehicles come with extended manufacturer’s warranty, which is again a big plus.
There are however certain conditions under which paying this extra cost for certification is not justified. Suppose you are buying a two year old used Hyundai i20 India, which is already under manufacturer’s warranty it automatically gets transferred in your name. Also, since the car is only two years old and you know the person who is selling it for some genuine reason like shifting abroad then there are virtually no chances of cheating. In such cases, paying extra for the vehicle to get certified is sheer waste of money.
Most of the modern cars are built to last for 4-5 years without causing any trouble and thus buying a 2-year old car is not going to trouble you.
On the other hand, if you are going for a luxury or high-end model then it’s always worth going for a CPO one. This is because luxury cars have a lot of features installed in them to provide extra convenience and comfort to the user and thus they are quite complex in nature.
A small repair of such cars can cost a bomb and thus it is better to buy a certified one. Here you will be certain that the dealer has checked it thoroughly and only then it is deemed fit for resale.