Used & 2nd Hand Cars for Sale in the Philippines

When shopping for a used car in the Philippines, considering a Certified Pre-Owned (CPO) vehicle can be a smart choice. CPO programs offer a level of confidence and assurance when purchasing a used car. Here's what you need to know:

1. What is a Certified Pre-Owned (CPO) Vehicle?

• A Certified Pre-Owned vehicle is a used car that has undergone a thorough inspection, refurbishment, and certification process by the manufacturer or an authorized dealership.
• CPO cars are typically late-model vehicles with low mileage and are in excellent condition.

2. Benefits of Choosing a CPO Vehicle:

• Reliability: CPO vehicles undergo a comprehensive inspection, addressing any mechanical or cosmetic issues. This ensures that you're getting a vehicle in good condition.
• Warranty: CPO programs often come with extended warranties, providing coverage for certain repairs and maintenance for a specified period. This can give you peace of mind and protect your investment.
• Vehicle History Report: CPO cars usually come with a detailed vehicle history report, which provides information about the car's past, including any accidents or major repairs.
• Roadside Assistance: Some CPO programs include roadside assistance, offering services like towing, jump-starts, and flat-tire assistance.
• Satisfaction Guarantee: Some manufacturers offer satisfaction guarantees or exchange policies, allowing you to return the vehicle within a specific timeframe if you're not satisfied with your purchase.

3. Manufacturer vs. Dealership CPO Programs:

• Manufacturer CPO programs are offered directly by the carmaker, ensuring that the vehicle meets the manufacturer's specific standards.
• Dealership CPO programs are offered by authorized dealerships and adhere to the manufacturer's guidelines. They may have additional perks and benefits specific to the dealership.

4. Inspection and Certification Process:

• CPO vehicles undergo a rigorous inspection process, covering mechanical, electrical, and cosmetic aspects. Common inspection points include the engine, transmission, brakes, tires, suspension, and more.
• Any identified issues are repaired or replaced to meet the manufacturer's CPO standards.

5. Warranty Coverage:

• Warranty coverage varies by manufacturer and dealership. It's important to understand the terms of the warranty, including the duration and coverage details.
• Some CPO warranties extend the original new car warranty, providing additional protection.

6. Certification Costs:

• There may be additional costs associated with CPO vehicles, including certification fees. It's essential to clarify these costs upfront and factor them into your budget.

7. Vehicle Eligibility:

• Not all used vehicles are eligible for CPO programs. Eligibility criteria typically include factors like age, mileage, and condition.
• Ensure that the CPO vehicle you're considering meets the program's eligibility requirements.

8. Research and Comparison:

• Research and compare different manufacturer and dealership CPO programs to find the one that aligns with your preferences and budget.
• Pay attention to the specific benefits offered, such as warranty coverage, roadside assistance, and satisfaction guarantees.

9. Negotiation and Pricing:

• While CPO vehicles are generally priced higher than regular used cars due to the added benefits, there may still be room for negotiation. Research the fair market value of the CPO vehicle and negotiate accordingly.

10. Maintenance and Ownership:

• After purchasing a CPO vehicle, it's essential to maintain it according to the manufacturer's guidelines to preserve its warranty coverage and ensure long-term reliability.

Negotiating the price of a car is a common practice in the Philippines, and it can save you money while ensuring you get a fair deal. Here's a step-by-step guide on how to negotiate effectively:

1. Research and Preparation:

• Before stepping into a dealership, research the make and model of the car you want. Know its market value, including the manufacturer's suggested retail price (MSRP), and any available discounts or promotions.
• Check online resources, such as automotive websites inlcuding Philvex.com, forums, and pricing guides, to gather pricing information and reviews.

2. Set a Budget:

• Determine your budget before negotiating. Consider all associated costs, including taxes, registration fees, insurance, and potential add-ons.

3. Visit Multiple Dealerships:

• Don't limit yourself to a single dealership. Visit several dealerships that offer the car you're interested in. This allows you to compare prices and negotiate from a position of knowledge.

4. Test Drive and Inspection:

• Test drive the car to ensure it meets your expectations in terms of performance, comfort, and features. Additionally, inspect the vehicle for any imperfections or issues that could affect its value.

5. Express Interest but Be Noncommittal:

• When you find a car you like, express your interest to the salesperson. However, make it clear that you are exploring multiple options and not committed to purchasing just yet.

6. Start with a Counteroffer:

• The initial price quoted by the salesperson is often negotiable. Start by making a counteroffer that is lower than the listed price but still within a reasonable range. This opens the door for negotiation.

7. Be Patient:

• Negotiation is a process that may involve multiple rounds of offers and counteroffers. Be patient and avoid rushing into a deal. Salespeople may need to consult with their managers, so expect delays.

8. Focus on the Out-the-Door Price:

• When negotiating, aim to negotiate the "out-the-door" price, which includes all fees and taxes. This ensures that you have a clear understanding of the final cost.

9. Leverage Available Incentives:

• Take advantage of any manufacturer incentives, rebates, or special promotions that may be available at the time of your purchase. These can significantly reduce the overall cost of the car.

10. Consider Add-Ons Carefully:

• Be cautious when considering add-ons and accessories. Dealerships may offer additional features, warranties, or services. Evaluate their value and whether they align with your needs and budget.

11. Inspect the Contract:

• Before finalizing the deal, carefully review the sales contract to ensure it reflects the negotiated terms accurately. Verify the agreed-upon price, any included accessories, and warranty details.

12. Don't Be Afraid to Walk Away:

• If you are unable to reach an agreement that meets your budget or expectations, don't hesitate to walk away. There are often other dealerships and opportunities to explore.

13. Seek Pre-Approval for Financing:

• If you plan to finance the purchase, consider seeking pre-approval for a loan from a bank or credit union before negotiating. Pre-approval can give you a better idea of your budget and may strengthen your negotiating position.

14. Be Polite and Respectful:

• Maintain a polite and respectful demeanor throughout the negotiation process. Building a positive rapport with the salesperson can improve your chances of reaching a mutually beneficial deal.

15. Follow Up with a Final Offer:

• If you and the salesperson are close to reaching an agreement, consider making a final offer to seal the deal. This offer should reflect the terms you discussed and negotiated.