What is the Difference Between Jaguar Used & Certified Pre-Owned Vehicles?
As you begin your search for your next pre-owned luxury vehicle, it’s only natural that you’d be curious about the major differences between an ordinary used car and a certified pre-owned model. Although the terms are occasionally used interchangeably, these two types of pre-owned vehicles have several key differences that are worth mentioning. In an effort to help provide you with a better understanding of this topic, our team at Jaguar Easton has created this informative guide. You’ll be armed with all the tools you need to make the right purchasing decision when shopping for your next pre-owned Jaguar. Let’s begin!
What’s the Difference Between Used and Certified Pre-Owned?
One of the largest differences between a used car and a certified pre-owned vehicle is the price. Although the majority of used cars still get some type of inspection prior to being placed on the lot, they don’t include the expanded warranty coverage and comprehensive inspection that a CPO model will. This means that a typical used car generally carries a lower price tag when compared to an identical model that’s been listed as a certified pre-owned vehicle.
It’s also worth pointing out that usually, you’ll still have the option to purchase additional warranty protection on a used vehicle for greater peace of mind. In comparison to buying a new car, purchasing a used vehicle typically means that you’ll avoid most of the major depreciation that comes from driving a new car off the lot. Sometimes, a new car can lose up to 20% of its value as soon as you drive it home! Conducting your research beforehand, ensuring that the car has a clean bill of health from a vehicle history report, and selecting the right model are a few simple steps you can take to make your used car buying experience simple and stress-free.
Certified Pre-Owned (CPO) Vehicles
In comparison to an ordinary used car, certified pre-owned vehicles deliver a superior ownership experience and long-term satisfaction. Jaguar Approved Certified Pre-Owned models are required to undergo a much more meticulous 165-point inspection process in order to earn their certification. Should any issues arise, they will be corrected or repaired using genuine OEM parts or the vehicle will not be eligible for its status as a CPO vehicle. This means that every Jaguar CPO vehicle will have a clean history, lower mileage, and be in better overall condition compared to a non-certified model.
Another major advantage that comes from buying a Jaguar Approved Certified Pre-Owned vehicle is the fact that it’s backed by enhanced warranty protection. Although not exactly identical to a new vehicle bumper-to-bumper warranty, CPO warranty coverage does cover most of the same types of mechanical failures and defects. Other perks of the Jaguar Approved CPO program include 24-hour roadside assistance, no deductible for covered repairs, fully-transferable warranty coverage to a subsequent owner, and much more. Less expensive compared to buying new while delivering many of the same perks and benefits, it’s easy to see the tremendous appeal of Jaguar Certified Pre-Owned vehicles and their growing popularity.
Used vs. CPO – Pros & Cons
|Lower Price – Particularly when compared to buying new but also against a CPO model, a regular used car is the most cost-effective way to get behind the wheel of the vehicle you want. You’re shielded against the harsh depreciation of a new car and you can also step up to a more expensive trim level.||Higher Risk, Less Protection – Since they’re not backed by the same warranty coverage as a new or CPO model, it’s critical that you do your homework before purchasing. Be sure to have a qualified technician inspect the vehicle before buying it.|
|More Options – Shopping used generally means that you’ll have more options available to you on the market. You’ll have the freedom to choose from different trim levels and models within your budget.||Higher Financing Rates – The simple truth is that used cars typically don’t qualify for the lower rates found on new or CPO models. This is due to the fact that it’s harder to predict the future value of a used car. If you intend to finance your vehicle, be prepared for higher interest rates.|
|Warranty Coverage – You’ll enjoy the confidence and peace of mind that comes from enhanced warranty coverage provided by the Jaguar Approved CPO program. Any required repairs will be performed at no charge during the warranty period.||Higher Cost – Due to the fact that CPO models include such an extensive list of benefits and are usually newer models with low mileage, they cost more than an ordinary used car. However, they’re still a bargain compared to the cost of buying new.|
|Newer and Lower Mileage – Due to the requirements of the Jaguar Approved CPO program, CPO models are newer and have lower mileage than an average used model. You can expect many years of reliable performance combined with outstanding value.||Fewer Choices – Since the requirements for CPO models are so extensive, there are occasions when you may struggle to find the exact color, trim level, or options that you’re looking for. However, Jaguar Easton is proud to offer an extensive selection of Jaguar CPO models and we’re standing by to help you find the vehicle you’re interested in.|
|Comprehensive Inspection – Above and beyond what you’d expect from a typical used car, Jaguar CPO models are required to pass an extensive 165-point inspection. Any issues will be corrected prior to being made available for purchase.|
Shop Used and Certified Pre-Owned Vehicles at Jaguar Easton
Now that you understand all of the major differences between used and certified pre-owned models, it’s time to browse our extensive inventory here at Jaguar Easton. You’ll have no trouble finding the right pre-owned Jaguar model that’s perfectly suited to your budget and driving habits. Our team is standing by to help you get behind the wheel of the Jaguar you’ve always wanted at a price your head and heart can agree on!