Pre-Owned VS Certified Pre-Owned VS New - What's the Difference?

New Vehicle Ownership Isn't for Everyone-Benefits of Pre-Owned & Certified Pre-Owned Discussed Here!

While plenty of people love that new-car smell, not everyone prefers to buy new over pre-owned or certified pre-owned. Today we're going to go over some of the reasons why drivers from the Philadelphia area sometimes choose a pre-owned or Certified Pre-Owned vehicle over a new one, and why you might want to consider one for yourself!

Advantages to Buying Certified Pre-Owned or Regular Pre-Owned Over New:

  • The most obvious benefit to buying pre-owned or certified pre-owned (CPO) over factory new would be cost advantage; when you buy pre-owned or CPO, you're very likely going to pay less for your vehicle than if you'd bought it new!
  • Another reason to consider going pre-owned or CPO over new would be depreciation. When you buy a new vehicle, the moment you get home, your investment has already been subject to some gnarly depreciation, leading some owners to elect for optional GAP insurance to cover the difference between the current value of the car and the amount of money they still owe on it. If you don't want to deal with heavy depreciation, you might prefer pre-owned or certified pre-owned vehicle ownership! Because they've already undergone that first big chunk of depreciation, you don't have to worry about a steep decrease in value the moment you drive off the lot!

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Differences Between Regular Pre-Owned & Certified Pre-Owned

While there are plenty of reasons to buy CPO or pre-owned over new, we felt it was important to get into the nitty gritty with some cost-benefit analysis between CPO and regular pre-owned vehicles:

  • It may be that a CPO vehicle often comes with a heavier price tag than its regular pre-owned counterpart, however, your average pre-owned vehicle doesn't come with the wealth of CPO program benefits that a CPO vehicle brings to the table.
  • Those looking for an older vehicle might not want to spend too much time in the CPO inventory, because most of the vehicles in the CPO Program are newer model years!
  • Another factor in deciding between pre-owned and certified pre-owned might be resale value. While you can sell either a pre-owned or a certified pre-owned vehicle, only a CPO Volkswagen offers a guarantee on the ability to transfer the remainder of your Limited Warranty onto the next owner, which means you can ask more for your vehicle, increasing its value.