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Best Bang for Buck Certified Used Cars
September 3, 2015
When purchasing a used car, many buyers opt for certified preowned (CPO). That means these vehicles have been inspected and certified by the manufacturer or dealership, and can sometimes add up to greater peace of mind for car shoppers.
But many shoppers worry that they will pay too high of a price premium for these vehicles. However, not all CPO programs are the same -- how can buyers know which are going to give them the most bang for their buck? BankRate.com has a list of the nine car brands that offer CPO vehicles with a price premium of less than $500 over what you would normally pay for a similar non CPO vehicle. Manufacturers on the list include Jeep, Ram, Subaru, and Honda. See below for the full list.
And when shopping for a used vehicle, I recommend using TrueCar No Haggle and CarsDirect to see the lowest prices in your local area.
| Manufacturer | Avg. Premium Amount | Avg. % Premium |
|---|---|---|
| Jeep | $289 | 1.5% |
| Dodge | $346 | 1.7% |
| Ram | $354 | 1.2% |
| Subaru | $378 | 1.9% |
| Honda | $380 | 2.1% |
| Mazda | $403 | 2.3% |
| Chrysler | $426 | 2.8% |
| Chevrolet | $430 | 2.1% |
| Buick | $447 | 2.2% |
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate
the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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