The Pros and Cons of Purchasing a Certified Pre-Owned (CPO) Vehicle from Steve’s Hometown Toyota

When it comes to used vehicles in Ontario, you have many options. Why would you want to choose a Certified Pre-Owned vehicle over the typical used model? It helps to understand the CPO pros and cons before making any decision. We look at a few top considerations when shopping with Steve's Hometown Toyota - a trusted name for over 33 years in new, certified pre-owned, and used cars, proving that this is the best option in most cases. 

Pro: CPO Vehicles Are the Best

The CPO Toyota vehicle has undergone stringent inspection procedures. For this reason alone, you know it will be of the highest quality. Additionally, CPO vehicles must have low mileage and can only be a few years old, and it's like getting a new car for less. Plus, Toyota Certified Pre-Owned vehicles have a 160-point quality inspection and include a CarFax Report.  

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Con: There is Limited Inventory

Most pre-owned cars are considered used, and come with no inspection or warranties. If you are car shopping, you will have a much easier time finding a standard used car than a Toyota CPO car. However, our dealership works hard to maintain a quality CPO inventory, so there's something available for everyone.

Pro: Extended Warranties

With a Certified Pre-Owned car, you get special warranty protection that isn't available with your typical used car. On top of the factory warranty offered, you can add other terms to the purchase for added security.  Toyota CPO vehicles include a 12-month/12,000-mile limited comprehensive warranty, 7-year/100,000-mile roadside assistance, and 7-year/100,000-mile limited powertrain warranty.

Con: Higher Initial Cost

It will cost more to purchase a CPO vehicle vs. a used model that's comparable. However, if you shop at a premier dealership, you will have access to the best offers, guaranteed to help you keep your cost to a minimum.

Pro: Better Financing is Available

With the CPO vehicle, financing is easier with more options available. Because the car is in superior condition, lenders are more willing to give up money at a lower interest rate. Evaluating how much can be saved overall by financing a CPO vs. a used vehicle is essential. Toyota CPO vehicles are offered with new car financing rates to qualified applicants through Toyota Finance. 

Con: Extended Financing Terms May Not Be Available

The only issue with financing a CPO vehicle is how long the term might be. It's possible that you won't be able to find terms that are as long as you wish. However, we offer flexible terms that fit various lifestyles, so be sure to talk to our team about what's available.

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Pro: Additional CPO Purchase Benefits

Your CPO purchase may receive additional benefits, depending on what the dealership and automaker offer. These benefits include a CARFAX vehicle history report, roadside assistance, and free satellite radio subscriptions.

Pro: Manufacturer CPO Offers

The carmaker wants you to purchase a CPO vehicle. For this reason, you will find special offers directly from the manufacturer. Your friends at Steve's Hometown Toyota can help you navigate the current offers so that you can find the right deal for you. If you are in the market for a CPO vehicle in Ontario, schedule a test drive at Steve's Hometown Toyota today.