Chevy and GMC Models Rank on iSeeCars List of Top 10 Cars with Lowest Average CPO Premiums
Certified Pre-Owned (CPO) vehicles are a great choice if you want the affordability of a used vehicle but the assurance that comes from a good warranty. However, the premium for CPO models varies widely depending on which manufacturer and make you go with.
Per iSeeCars, the average CPO vehicle costs 3.6 percent more than a non-CPO version. However, certain CPO models were a refreshing exception. “Certain models have significantly lower-than-average CPO premiums that can bring peace of mind to used car buyers for just a few hundred dollars more,” said iSeeCars CEO Phong Ly.
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To help simplify consumers’ search for their next CPO vehicle, iSeeCars recently released a list of top 10 cars with lowest average CPO premiums, ranging from 1.6 to 2.1 percent. Three Chevy and GMC models made the cut: Chevy Tahoe, Chevy Silverado 1500, and GMC Sierra 1500.
The Chevy Tahoe’s average CPO premium was 1.8 percent, which was the equivalent of $707. The Chevy Silverado 1500’s average CPO premium was 1.9 percent, which translates to $529. The GMC Sierra 1500’s average CPO premium was 2.1 percent, which translates to $646.
Per Ly, GM’s CPO program is similar to Honda’s, since it features a 12-month or 12,000-mile comprehensive warranty and no deductible for repairs. Any of the three above Chevy models are worth checking out if you’re on the hunt for your next CPO truck or SUV.
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