Certified pre-owned vehicles are vehicles that have been inspected and certified by a third-party vehicle appraisal company. The certified pre-owned vehicle program allows you to buy a car with a lower price than if it were new.
Automotive software solutions program offers two different types of vehicle valuations: wholesale and retail. Wholesale valuation is available when you purchase a certified pre-owned vehicle from an authorized dealer.
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When you purchase a certified pre-owned vehicle from an authorized dealer, the dealership will provide the certified pre-owned vehicle with a wholesale valuation. This means that the dealership will not add any value to the car beyond what the certification company deems necessary.
The retail valuation is available when you purchase a certified pre-owned vehicle from a private party. When you purchase a certified pre-owned vehicle from a private party, the party providing the certification will add value to the car beyond what is mandated by the certification company.
Certified pre-owned vehicles represent a great value for the car buyer. They come with a warranty, are serviced and inspected by certified mechanics, and have been driven less than 10,000 miles. However, there are some things to consider when evaluating whether or not to buy a certified pre-owned vehicle.
If you are looking for a high-quality car at a great price, a certified pre-owned vehicle is definitely worth investigating.