The 10 accomplished certified pre-owned cartage with the accomplished amount premiums.(Photo: iseecars)
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Getting a acclimated car with a assurance is a acceptable idea, but you should boutique about aloof like back you accept the car itself.
Nearly every automaker has a programs to audit and guarantee aspects of acclimated cars. They call them certified pre-owned, or CPO, programs.
A new analysis by the car-buying analysis armpit www.iseecars.com lists the brands and models with the everyman premiums for CPO coverage.
“The boilerplate CPO agent costs 3.6 percent added than its non-CPO equivalent, and consumers are faced with chief if the agreement of the assurance and acceptance are account the added cost,” said iSeeCars CEO Phong Ly. “However, assertive models accept decidedly lower-than-average CPO premiums that can accompany accord of apperception to acclimated car buyers for aloof a few hundred dollars more.”
Nearly every automaker has a CPO program, and no two are alike. Shoppers should analyze to get the best aggregate of cost, what the automaker inspects afore certifying a vehicle, what’s covered and for how long.
The 10 cartage certified pre-owned cartage with the everyman premiums. (Photo: iSeeCars)
According to iSeeCars, which analyzed its listings for about 1 actor 2015 archetypal acclimated vehicles, Honda accuse the everyman exceptional of any brand, an boilerplate of 1.9 percent of the affairs amount or $340. Mercedes accuse the most, an boilerplate of 6.9 percent of the vehicle’s price, or $813.
Those abstracts are averages for brands. Individual models will amount added or less. The better amount access for a certified acclimated car is 7.9 percent or $2,022 on a Lexus IS 250.
If you’re attractive at one of the super-popular SUVs advancing off lease, it’s account because that iSeeCars begin the everyman access for a CPO Jeep Wrangler at 1.6 percent or $523 and the accomplished for a BMW X1 at 6.7 percent or $1,411.
2015 Chevrolet Silverado LTZ. (Photo: General Motors)
The agent with the everyman CPO access varies geographically. In Arizona, it’s a Honda Accord — 3.4 percent, $594. In Michigan, the Silverado is best at 2 percent or $574. In New York and Texas, the Honda Civic was the everyman access at 1.6 percent, or $305 in New York and $243 in Texas.
The highest, 4.5 percent or $837, was for a Nissan Rogue in Tennessee. Oddly, Nissan’s North American HQ and arch agent and accumulation plants additionally are in Tennessee, suggesting that advisers absolutely exhausted up on their aggregation cars. Nissan has one of the everyman civic boilerplate CPO premiums for any cast at 2.4 percent and $405.
2015 Honda CR-V. (Photo: Honda)
In busline Detroit, the Honda CR-V has the everyman premium, 3.1 percent for $603.
The busline boilerplate is 4.1 percent and $787.
The blow of the bristles atomic big-ticket models are all General Motors vehicles:
Contact Mark Phelan: [email protected] or 313-222-6731. Follow him on Twitter @mark_phelan.
Read or Share this story: https://www.freep.com/story/money/cars/mark-phelan/2018/11/24/certified-preowned-vehicle-price-survey/2093703002/
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