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Which is the Better CPO Buy: Luxury or Economy?

Years ago used cars were looked to as piles of junk, but today with the introduction of Certified Pre-Owned programs, that has changed. To be certified as a CPO, the car must meet age and mileage requirements established by the manufacturer. Then, they undergo comprehensive inspections by the dealership. Certified Pre-Owned cars often come with a warranty and financing options that are very similar to brand new cars. Choosing CPO means you have the ability to get a more expensive car for a lot less money.

The first brand to create a factory-certified pre-owned guaranteed was Arizona Mercedes-Benz dealers in 1989. Porsche followed in 1991 and Lexus in 1993. Later Acura, BMW, Cadillac, Jaguar, Toyota, Saturn and Volvo joined in. Today, almost every brand offers some sort of CPO program.

In recent years CPO programs have become much more popular. Certified used cars account for 41 percent of all used-car dealership sales according a 2005 study by J.D Power and Associates. According to Cars.com, national sales of certified pre-owned domestic vehicles collectively totaled 234,000 in 1997 and are expected to reach 610,000 in 2005. The jump is similar for Asian-based makes (149,000 to 625,500) and European makers (70,000 to 165,000) in the same time period. And Automotive News reports sales of 399,929 certified units in the first three months of 2005, a 4 percent increase over the first three months of 2004.

For luxury cars the savings seen with certified pre-owned cars are even greater, and can be up to three times that of a non-luxury car. This is mainly due to the fact that the starting base price is higher. But consumers, even when you factor in new-car incentives, can save about $3,200 in buying a 2- to 3-year-old car; all that money comes in the form of depreciation that the original owner had to absorb.

With a certified used car customers are not only saving money, but they are also getting a vehicle that was inspected, repaired and given a factory warranty, so they get an added value. With such wide selections of CPO’s and great financing offers, Certified Pre-Owned cars may be the way to go for new buyers. Used Mercedes-Benz cars now offer the peace of mind a new car does, without the price tag.

So, head to your Mercedes-Benz of Tucson to check out their wide selection of Certified Pre-Owned cars.

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