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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.
Certified Used Car: A Definition. A certified pre-owned vehicle, or CPO, is one that meets certain standards set by the manufacturer. In addition, it may come with additional perks.
Certified Pre-Owned Select eligible vehicles: 10 years old or less, under 100,000 miles. Infiniti Certified Pre-Owned Select warranty: Comprehensive—Up to six years, unlimited miles.
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.
Current market conditions are pushing older, more worn vehicles into CPO programs. They may be better than buying new, but rising used-car prices are a problem.
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.