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, CarsDirect and NADAGuides 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% |
My Recommendation for Car Shoppers
TrueCar No-Haggle, CarsDirect, and NADAGuides are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
Signup for The Weekly Newsletter
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
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.
Latest Weekly Car Buying Tips
November 2021
- Best Black Friday Car Deals Nov 25, 2021
- Worst Cars to Lease Right Now Nov 25, 2021
- Real Prices of Midsize SUVs Nov 25, 2021
- New Cars You Should Wait to Buy Nov 25, 2021
- Beware Price Gouging on Lease Buyouts Nov 18, 2021
- Top 100 Cheapest New Cars Nov 18, 2021
- Real Prices of Midsize Cars Nov 18, 2021
- Largest Hidden Dealer Rebates Nov 18, 2021
- Top 100 Cheapest Lease Deals Nov 11, 2021
- Best Car Deals Around the Country Nov 11, 2021
- Biggest Discounts on New Cars Nov 11, 2021
- Price Comparison of Subcompact SUVs Nov 11, 2021
- Best Bang for Your Buck Lease Deals Nov 04, 2021
- Best Electric, Hybrid Lease Deals Nov 04, 2021
- Best 0% Finance Deals November 2021 Nov 04, 2021
- Real Prices of New Compact SUVs Nov 04, 2021
October 2021
- Which Cars Better to Lease or Buy Oct 28, 2021
- Best Car Deals by Category Oct 28, 2021
- Real Prices of Large SUVs Oct 28, 2021
- Cars With the Largest Rebates Oct 21, 2021
- Real Prices of Pickup Trucks Oct 21, 2021
- Real Prices of Compact Cars Oct 07, 2021
I welcome your car buying questions. Email Me and I'll be glad to answer them!