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A certified pre-owned car or CPO [citation needed] is a type of used car.It is also used in references to guns and phones. The term "certified pre-owned was conceived by corporations [citation needed] in order to find a more favorable alternative to marketing products as 'used,' which causes purchasers to impose their cognitive biases associated with 'used' items onto prospective purchases.
A certified used car, often called a certified pre-owned vehicle or CPO, offers the best of both worlds: a promise of reliability and a warranty combined with a lower price than a new vehicle.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
American car company Lucid based in Newark, California manufactures its luxury electric sedan the Air in Casa Grande, Arizona. With a EPA certified range of 516 miles it became the first electric vehicle in the world to achieve a range of over 500 miles.
They also have all used cars undergo a safety inspection before purchase and attempting to ensure there is no pressure from the salesperson. The dealer also has a refund program where the purchaser can bring the car back for any reason within the first five days and receive a full refund or within 30 days or 1,500 miles (2,400 km) for a full ...