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Pre-Owned versus Certified Pre-Owned: the Difference is in the Details

BMW of Honolulu knows that when it comes to owning used versus certified pre-owned, one of these things is not like the other. The former may have the reliability of a dealer inspection, but some showcase a more thorough inspection, replete with strict points, as well as additional limited warranty elements. These latter are certified pre-owned, or CPO. So, who decided the difference, and how? The answers are sure to be enlightening.

Manufacturers and dealers begin by taking recent-model trade-ins and vehicles coming off of leases, each with low mileage. But since there's no industry standard for what can qualify as CPO, manufacturers, under their own CPO programs, evaluate age and mileage differently. The same goes for add-ons like extended warranty and new-vehicle-style amenity offers. However, these vehicles are usually in superb shape for being used, and should they certify, and should a typical 12- to 24-month CPO warranty cover a certified vehicle's components in need of repair, then the manufacturer will fix them. This is a big perk that separates CPO from standard pre-owned.

Perhaps the most important thing, whether one goes pre-owned or certified, is that the vehicle features and benefits you need, matter most. So research models thoroughly using websites such as Autotrader.com and KBB.com, and take a portfolio of findings with you to a dealer showroom. In this, include the vehicle's 17-character Vehicle Identification Number (VIN), as well as a Vehicle History Report from CARFAX. Put a copy of your credit report in there, too, if you're thinking of financing through a dealer. Also, loan pre-approval information, price, insurance and extended warranty quotes, and pricing information for applicable trade-ins are a must. And when it's time for dealer vehicle inspection and some time behind a prospective wheel, be sure to take a few notes.

Need more of the human element in your CPO exploration process? Our BMW aficionados can assist you expertly with any questions or concerns you may have with CPO status in general, or about our five-star showcase of certified pre-owned vehicles. Stop by today! We proudly serve the Honolulu, HI area, including Pearl City, Waipahu and points nearby.

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