Benefits of Buying Certified Pre-Owned Vehicles Right Now
If you live in the Cincinnati area, buying a Certified Pre-Owned Vehicle (CPO) has never made more sense than it does today. With the current shortage of new car inventory affecting the entire automobile industry, buying a CPO Honda will deliver new-car quality while saving you money versus buying the same model brand-new.
The current market for new cars has shrunk dramatically over the last 12 months. The snowball effect of this created another shortage in the used car marketplace. These shortages resulted in increased prices for both new and used cars. The CPO vehicle market has benefited from these shortages. Not only can you purchase a car that’s almost brand-new with low mileage through a CPO program, but the cost of moving from a regular used vehicle to a CPO car has shrunk to almost negligible proportions. Let’s take a closer look at why your next vehicle should be a certified pre-owned model.
What Qualifies as a Certified Pre-Owned Vehicle?
A CPO vehicle will cost a little more than the same used car that isn’t part of a CPO program because they simply aren’t the same. The CPO program at Performance Kings Honda only accepts vehicles in the best condition into the program. You’ll find only late model Honda cars, trucks, and SUVs with low mileage in our CPO inventory. In addition, only vehicles with a clean vehicle history report gain entry into this program that Honda sponsors. Specific criteria for the vehicle’s condition and maintenance history determine eligibility, but the car must also pass a quality examination before gaining certification.
This examination includes a rigorous multi-point inspection performed by our factory-trained technicians. The technicians test up to 182 individual items that cover everything from engine and powertrain condition and performance to interior comfort and convenience features and everything in between. Should the technicians find a problem, however large or small, they repair, replace, or recondition the part, restoring the vehicle to factory standards.
Furthermore, Performance Kings Honda technicians run a factory recall search on every CPO vehicle. If they find any outstanding recalls that need attention, they perform the necessary repairs using OEM parts and repair processes to ensure the highest quality. Only those vehicles that have gone through this process can be certified and then put into the CPO program for your consideration.
Advantages to Buying a CPO Honda
Buying a new Honda can cost thousands of dollars more than buying a used or CPO vehicle, and the honest truth also remains that a new car experiences the highest depreciation in the first several years. Some people may argue that these savings outweigh the advantages, but they haven’t considered the peace of mind of buying a CPO Honda. Add in the lack of new inventory and the allure of a CPO vehicle only increases.
Better Warranty Coverage
Going with a regular used car might save you a little money versus buying the same vehicle as part of a CPO program, but you’ll get an extended warranty on a CPO vehicle that you won’t have with a standard used vehicle. The best warranty coverage you can hope for with a non-CPO car would be the balance of what remains on the original manufacturer’s warranty. In some cases, no warranty remains. CPO warranties closely mirror the manufacturer’s warranties on new cars.
You’ll receive significant protection when you purchase a CPO Honda from Performance Kings Honda that includes a 7-year/100,000-mile powertrain warranty. Also included in your protection plan comes to the added peace of mind of 24/7 roadside assistance for the duration of your limited warranty, plus a 12-month/12,000-mile non-powertrain warranty. Honda has a HondaTrue Certified+ program with certain vehicles that extend this non-powertrain warranty to 24 months and 50,000 miles.
All CPO vehicles sold by Performance Kings Honda come with two complimentary oil changes in the first year. We also provide a free trial subscription to SiriusXM satellite radio for 90 days, concierge service, and trip interruption service.
Better Financing Opportunity
Because of the low mileage and excellent condition of a CPO Honda, these vehicles often qualify for better financing rates than standard used vehicles, and more closely resemble new car loans. Qualifying for a lower interest rate on a CPO vehicle lowers your monthly payment, sometimes enough to close the gap entirely between a non-CPO used car loan. You can take advantage of our online pre-qualification application. You have to answer a few questions, and in seconds you’ll receive your pre-approval detailing the loan amount, interest rate, and even your monthly payment.
At Performance Kings Honda, we have cultivated relationships with many local Cincinnati lenders and national institutions. We leverage these relationships every day to find our customers the absolute best loan for their situation. Our finance professionals remain committed to finding our customers loans that fit their budget, not our bottom line.
More Buying Power
Even if you could find a brand new Honda, some customers prefer buying a CPO Honda because it offers them the opportunity to afford a car they otherwise couldn’t if they purchased it brand new. At Performance Kings Honda, we understand the need to stay within a budget. Our CPO program offers plenty of low-mileage vehicles in excellent condition that delivers that new-car look and feels without the burden of a new-car price. Selecting a late model CPO Honda with low mileage can save you thousands, compared to buying a brand-new car.
Trade-In or Trade-Up
When you purchase a CPO vehicle at Performance Kings Honda, you will also drive away knowing that when you want to trade-in or trade-up your CPO Honda, you’ll get top market value. That’s because we use Performance TVT Top Value Trade appraisals based on all available market data, including Kelley Blue Book.
When you examine the used vehicle market, you must come to the same conclusion that we have at Performance Kings Honda, that the cost of buying a CPO Honda makes more sense than ever before. We have an expansive inventory of CPO Honda cars, trucks, and SUVs and invite you to browse our inventory online. You can stop by our Honda dealership on Fields Ertel Road at any point for a more hands-on experience. One of our friendly, knowledgeable staff will show you the value of our CPO vehicles and let you take your favorite for a test drive. Or give us a call at (513) 793-7777.