Certified Pre-Owned vs. Used: What’s the Difference?
You would like a pre-owned model, but you need a better understanding of the difference between certified and used vehicles. Although you can’t go wrong with either a used or Certified Pre-Owned Toyota from our dealership in Fox Lake, IL, there are some considerations to take into account such as warranties, inspection, and payment plans available for each. Continue reading to lean more, and if you come up with any questions, give the team at Garber Fox Lake Toyota a call at (847) 497-9094.
Certified vs. Used: Reliability
As of 2014, 80 percent of Toyota models sold in the past 20 years are still on the road. In other words, Toyota cars, trucks, and SUVs are extremely reliable, so whether you choose a used or CPO model, you’re in good shape. Though this is true, customers who want added reassurance should consider a CPO vehicle. Certified pre-owned models must pass a 160-point inspection to earn certified status and come with a CARFAX® Vehicle History Report to provide you with a thorough understanding of what you’re buying. Also keep in mind that CPO Toyota vehicles must be six years old or younger and have less than 85,000 miles, while a used car can be any age and have any number of miles.
Certified vs. Used: Pricing
Since the standards for CPO vs. used vehicles are worlds apart, a certified pre-owned vehicle will cost you a little more than a typical used car at our Fox Lake, IL Toyota dealership because they have new-car financing rates. The additional cost is worth the consideration for all of the benefits included, which are as follows:
- Factory-backed warranties
- 1 year of roadside assistance
- Free CARFAX® Vehicle History Report™
- New-car financing and leasing rates
Certified vs. Used: Warranties
Used cars might qualify for an extended warranty, but Certified Pre-Owned Toyota cars, minivans, and pickup trucks always come with transferable comprehensive and limited powertrain manufacturer warranties. During the 160-point inspection, CPO models are reconditioned and repaired if necessary with genuine Toyota parts. Therefore, if components pertaining to the engine, transmission, or axle fail due to normal wear and tear, your 12-month/ 12,000-mile comprehensive warranty and 7-year/ 100,000-mile limited powertrain warranty will cover the cost of repairs or replacement parts.
Certified vs. Used: Finance or Lease a CPO or Used Vehicle Today
While your only option for used vehicles is an auto finance plan, CPO Toyota cars, trucks, and SUVs are more affordable because you can purchase or lease it. Find a used or CPO vehicle in our inventory, and explore all of your payment plan options with the financial advisors at Garber Fox Lake Toyota by calling (847) 497-9094.