Which Pickups Offer the Lowest CPO Premium?

Chevy 4 II

When trying to choose the right pickup truck, there are many choices. For those who cannot afford to or choose not to purchase a new pickup, a certified pre-owned vehicle can offer more peace of mind than an uncertified used vehicle. CPO trucks come with a verified vehicle history, dealership support and extended warranty protection; CPO vehicles also undergo a thorough inspection before dealers will certify them. These things, of course, mean that CPO vehicles cost more than their non-CPO counterparts.

So which CPO pickups are the most affordable? The answer can be found in a recent study from automotive analyst iSeeCars.com. The study looked at the top seven most popular light-duty pickups and calculated the average cost difference between a certified pre-owned pickup and a used truck sold privately. This data will help you to better decide whether the warranty and certification is worth the added cost.

Below are how the seven trucks stacked up, showing the price premium for a CPO truck and the percentage difference in cost from a non-CPO pickup.

For this study, iSeeCars analyzed more than 1 million used vehicles from the 2015 model year sold between April and September 2018 to identify cost differences between CPO and equivalent non-CPO used vehicles. The study looked at more than pickups, so if there are other vehicles you'd like to know more about take a look here.

Cars.com images by Evan Sears

GMC 2 copy II


Comments

I'm a believer, I got the Silverado fever.

Silverado. Please buy one, we'll discount it till you can't resist it.

2019 Ram Ace's Crash Tests

2019 Ram https://www.autoblog.com/2018/11/08/2019-ram-1500-iihs-crash-tests/Aces Crash tests

Silverado: If you can't stand it now, wait 'til you drive it!

Silverado, best selling single named truck in america.

Please buy one, we'll discount it till you can't resist it.
Posted by: Dudlydooright | Nov 8, 2018

You crack me up!

RAM and Ford struggle with their ATPs every year because their MSRPs are way too high, then they have to discount like crazy to clear the lots before the summer begins.

Every year.

Silverado, best selling single named truck in america.


Posted by: GMSRGREAT | Nov 8, 2018 5:18:52 PM

Wrong.

There’s no such thing as a single named Silverado. You have the 1500, 2500 HD, 3500HD. And shortly the 4500, 5500 and 6500.

You really are an idiot TNTGOESBIZZERK. Yes we all know you are the same poster as GMSRGREAT due to your posting error earlier today in the Nissan Titan article.

It is clear that the truck requiring the most repair work to turn around for resale would require the highest CPO premium .

It is clear that the truck requiring the most repair work to turn around for resale would require the highest CPO premium .


Posted by: GMSRGREAT | Nov 8, 2018 7:33:07 PM


Not to mention the projected increased repair costs associated with the F-150 and supplying an extended warranty for those units.

It is clear that the truck requiring the most repair work to turn around for resale would require the highest CPO premium .
Posted by: GMSRGREAT | Nov 8, 2018 7:33:07 PM

Timing chains, genuine Ford calipers that seize up after a couple years, grinding IWE's, plastic oil pan leaks, warped dashes, door latches, etc.

$10,000 discounts on 2019 Chebbies here in n Alaska. The new ugly ones, no idea what they give you to drive one of the old new ones. Only mystery here is how Ford can get more than Toyota.

For those of you who have missed Economics 101 what is clear, is what price the market will support. Conjecture about costs of the CPO programs have nothing to do with what a customer is willing to pay. What is obvious, is Ford and Toyota are able to charge more and have willing customers.

GM is regrettably, not able to. This completes todays Economics lesson.

For those of you who have missed Economics 101 what is clear, is what price the market will support.

Posted by: Dudlydooright | Nov 8, 2018 9:44:12 PM

What the above article doesn't state is the actual resale price.
It seems the F-150 leaves some room for dealers to work with.

https://news.pickuptrucks.com/2018/10/which-pickups-depreciate-the-least.html

$10,000 discounts on 2019 Chebbies here in n Alaska. The new ugly ones, no idea what they give you to drive one of the old new ones. Only mystery here is how Ford can get more than Toyota.


Posted by: Dudlydooright | Nov 8, 2018 8:53:33 PM

they are offering 11k discounts in my area

While selling Nissans we had formerly leased Titans with 10 to 15K miles on them that were CPOed. Very nice, very gently used trucks. After discounts on brand NEW more or less comparably equipped Titans the CPO trucks were actually within $200 to $400 of the new trucks. The ONLY advantage the CPO trucks there was a longer better warranty.

CPO is largely a marketing scam to increase profits and build consumer confidence in used vehicles outside of Carmax. The vehicles that are selected for it need little or nothing. The checks on it are routine, should be done on all vehicles sold by any reputable dealer and vehicles in need of serious repair or with a bad reputation are not selected for it. The only wild card is if the warranties are altered in any way (extended or more limited).

Chevy in charging the least for this service makes it the least expensive for a consumer unwilling and or unable to do their homework/inspection or in search of additional but largely imaginary peace of mind.

If you buy/hold your cars/trucks CPO is the way to go. The warranty is solid, the price is right. Mine was virtually like new and out-the-door for under 20 grand. Try that today. 10 years old. Runs like new. Looks like new. Would not change a thing.

I put so little mileage on a vehicle compared to what I use to so I would consider a CPO as well as new. For me the savings would have to be greater than 2k otherwise I would buy new. If the mileage were not too high and the vehicle were 5 years old or less. I would also consider a used vehicle not too old from an individual that I knew that took care of their vehicles. It just depends on the vehicle and the savings.

the REAL Jeff S



Post a Comment

Please remember a few rules before posting comments:

  • Try to be civil to your fellow blog readers.
  • Stay on topic. We want to hear your opinions and thoughts, but please only comment about the specified topic in the blog post.
  • Your email will not be shown.

If you have a TypeKey or TypePad account, please Sign In

Home | Buy or Sell a Truck | News | Special Reports

Powered by Cars.com. By using this site, you agree to our terms of service | © 2017 Cars.com | Privacy Statement | Contact Us