"You lose at least 20% to 25% of the [new] vehicle's value as soon as you drive off the lot," Vogelheim explained. "A three-year-old car is about 30% to 40% down in value."
These numbers will vary considerably from car to car depending on model, condition and market fluctuations, but a CPO will always cost less than a comparable new car simply because someone else has already taken its initial depreciation hit. This also means that drivers who like to change their ride every couple of years will, in the long-term, enjoy huge savings by repeatedly buying CPOs instead of brand new cars.
The safety fan
The beauty enthusiast
For perfectionists (or drivers keen to impress their neighbors), certified pre-owned vehicles certainly offer the chance to own a car that looks like it’s brand new, but for less.