FinFam
Login

๐Ÿš— Is certified pre owned worth it if I build my own CPO package?

inspired by Zach Fritz โ˜… 5.0
(1)

๐Ÿš˜ Vehicle Pricing

Certified pre-owned programs are heavily marketed, but they often mask a basic used car with a massive premium. As Zach Fritz puts it, certified pre-owned or CPO sounds premium, sounds fancy. It just means that they didn't really find anything catastrophic and they offered a little bit of a warranty. Compare the CPO car you want to a similar standard used vehicle. Remember, a higher purchase price also means paying more in sales tax.

$
$
%

๐Ÿ› ๏ธ DIY Protection

Instead of trusting the dealer checklist, you can replicate the peace of mind of a CPO yourself. Buy a standard used car, get an independent inspection, and purchase a standalone extended warranty.

As Zach Fritz advises, get a third party inspection, bring your mechanic friend with you, have them look over the tires, check the brakes. A CPO is not about safety. It's about selling you peace of mind and a $2,000 markup on a used car.

$
$

๐Ÿ”— See Also

๐Ÿ“Š Results

CPO Total Cost

$0

DIY Total Cost

$0

% of Monthly Pay

0%

Total DIY Savings

$0

Verdict

Build DIY

Calculator updated by heyfinfam (v26.8.6) ยท View history

Privacy: None of your data is transmitted to the author of this view or any other third parties. Financial inputs are never used to identify you; they're only used to calculate results.

Disclaimer: This content and any calculations provided are for informational purposes only. The views, calculations, and methodologies expressed are those of the author and do not necessarily reflect those of this platform. Not financial advice. Users are solely responsible for any decisions made based on this information.

See more views

Based on "Should You Buy a NEW or an OLD Car? The OUTRAGEOUS Cost of Car Ownership" by Juan Carlos LTO. Finance a New Car vs Buy an Old Car for Cash

8 fields
4 answers

Based on "How Much Does A Ceramic Coating REALLY Cost? | Professional Detailer Insider Tips" by Attention 2 Details w/ Chelsea. Deciding whether to DIY a ceramic coating or pay a professional.

6 fields
4 answers

Based on "Should you Buy or Lease a Business Vehicle?" by Navi Maraj, CPA. Lease vs buy a business vehicle

12 fields
6 answers