Understanding CPO Warranties and Inspections
Before committing to a CPO EV purchase, it is important to confirm the specifics of the warranties and inspection items. Most certified pre-owned electric vehicles (CPO EVs) come with a multipoint inspection. However, it can be beneficial to have the vehicle inspected by an independent mechanic who is knowledgeable about battery-powered cars. This additional step provides further assurance that the vehicle is in optimal condition.
Assessing the Vehicle’s Battery Condition
In addition to the vehicle history report included in the CPO program, potential buyers should consider services like Recurrent to obtain a used EV battery condition report. Understanding the current state of the EV’s battery can give you added peace of mind and help ensure you are making a sound investment.
Exploring Financing Options
Researching special financing rates for CPO vehicles is a crucial step. Shoppers with good credit who finance through the manufacturer often benefit from more competitive rates compared to non-certified used cars. This can result in significant savings over the loan term.
Considering Exchange Policies
If you have any hesitations about owning an EV, it is important to check whether the CPO program includes an exchange policy. For instance, Chevrolet EV shoppers may qualify for GM’s three-day/150-mile exchange window, while Ford’s CPO program offers buyers 14 days or 1,000 miles to swap vehicles. These policies provide an extra layer of confidence for first-time EV buyers.
