How Are Certified Pre Owned Cars Priced?

Car shoppers looking for a certified pre owned vehicle can take a look at how these offers are generally priced to evaluate whether the additional assurance is worth the price tag. Buying certified pre owned cars at used car dealerships can be a great value if the driver is focused on getting a warranty that can work with any of the auto maker's participating dealerships.

The General Cost of a Certified Pre Owned Deal

A certified pre owned car is one that comes with the mark of approval from the manufacturer. In these cases, manufacturer-certified technicians inspect the car or truck to make sure it is up to strict standards for its condition relative to age and mileage. The vehicle comes with a warranty that the manufacturer will stand behind.

Financial experts say a certified pre owned warranty tends to bump up the vehicle price by about 2% to 8% of MSRP (Manufacturer Suggested Retail Price). This can be higher or lower for different types of vehicles.

Looking for Value in a Certified Pre Owned Warranty

When you're evaluating the pricing of the contract, look at the value that a manufacturer certified warranty vehicle will provide. Make sure the warranty is transferable for the case of resale. Look for specific coverages, and check to make sure the manufacturer is really involved in offering the warranty product.

Finding the right deals on a certified pre owned car or truck can help a driver profit from a trouble free ride in the long term and more held value in their purchase.