One of the biggest risks of a new vehicle purchase is depreciation, and it’s also one of the biggest costs involved in leasing. Buying a previously owned vehicle bypasses the initial depreciation that hits a new car the minute it drives off the lot. If you shop carefully, you can find a vehicle in like-new condition for a substantially lower price than an actually new example.
But buying a used car has its own risks. If you buy from an individual or an independent used car lot, you are often forced to accept a vehicle in “As-Is” condition. That’s where Dealer Certified and manufacturer Certified Pre-Owned (CPO) programs enter the picture. But what are Dealer Certified and Manufacturer CPO — and which one is better for you?