Jeep Wrangler offers lowest CPO price premium of all vehicles (that's a good thing)

JAY

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According to iSeeCars, an automotive research firm, not only is the Jeep Wrangler the lowest depreciating vehicle, it also boasts the lowest CPO premium (see report) of all vehicles.

What is CPO premium? It's the price difference between a CPO (Certified Pre-Owned) and equivalent non-CPO used cars. Basically, the lower the CPO premium, the less you're paying for the benefits that come with CPO warranty. While the JL Wrangler is still too new to benefit from this, the time will come when there are certified preowned Jeep JL for sale.

According to the study: “The average CPO vehicle costs 3.6 percent more than its non-CPO equivalent, and consumers are faced with deciding if the terms of the warranty and certification are worth the added cost,” said iSeeCars CEO Phong Ly. “However, 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.”

The car with the lowest overall premium is the Jeep Wrangler Unlimited at 1.6 percent, which adds an average of $523 to the average non-certified used version. Jeep’s CPO program provides buyers with the remainder of the manufacturer’s original powertrain and extended warranties along with a comprehensive three-month or 3,000-mile warranty that begins when the CPO vehicle was purchased or after the Basic New Warranty expires. “The Jeep Wrangler Unlimited is a four-door version of the Jeep Wrangler, and although it is a rugged off-road vehicle, it lags behind other SUVs in its segment in terms of safety ratings,” said Ly. “The Wrangler Unlimited also maintains its value more than any other SUV, which makes it relatively expensive for a used vehicle, so dealers may opt to reduce the price of certified versions of this car to make it more competitive.”

Jeep Wrangler CPO Premium.jpg




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CypressWrangler

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Looks like a list of which cars people are more likely to buy vs lease.
 
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