Certified Pre-Owned, Used, Or New Chevrolet In The Midwest: Which Costs Less After 36 Months?

Discovering the perfect Chevrolet in regions like Ohio, Indiana, and Kentucky can pose a challenge. It's crucial to consider the differences among Certified Pre-Owned (CPO) vehicles, used cars, and new models.

Key Takeaways

• Certified Pre-Owned (CPO) Chevrolets are about 3.6% pricier than non-CPO cars. They hold their value better thanks to detailed checks and extra protection plans.

• New Chevrolets lose nearly 20% of their value in the first year. CPO cars offer a sweet spot with less depreciation, reliable quality, and no worry on safety.

• Buying used vehicles costs less upfront but might lead to higher upkeep expenses. This makes them a less predictable choice for saving money in the long run.

• Tom Tepe Autocenter & Car Country provides financing options for all Chevrolet buyers. They have special offers on CPO and used models to suit different budgets.

Understanding the Different Options

At Tom Tepe Autocenter and Car Country, we help you choose the right Chevrolet. We compare Certified Pre-Owned (CPO), used, and new models to match your needs and budget.

What is a Certified Pre-Owned (CPO) Chevrolet?

A Certified Pre-Owned (CPO) Chevrolet is a used car with under five years of age and low mileage. These cars undergo a strict 172-point inspection to ensure quality. Tom Tepe Autocenter offers benefits like a six-year/100,000-mile promise for major repairs and 24-hour roadside assistance.

Customers receive complimentary transportation during car services and no-cost maintenance for certain periods.

Choosing a CPO Chevrolet means getting CARFAX vehicle history reports, showing any past accidents or water damage. Additionally, buyers enjoy six months of OnStar and SiriusXM for free, enhancing safety with emergency services and entertainment with numerous music stations.

What qualifies a vehicle as "Used"?

Used cars are vehicles over five years old with multiple past owners. They often come from private sellers, rental agencies, and dealerships like Tom Tepe Autocenter & Car Country.

We ensure every used Chevrolet meets high reliability standards. Buying a used car means lower prices than new models.

At Tom Tepe Autocenter & Car Country, we help you pick the right Chevrolet for your needs and budget, ensuring quality and performance aren't compromised. With selections available in Harrison, Ohio, Aurora, Indiana, and Milan, Indiana, customers can trust their purchase with us.

Features and perks of buying a New Chevrolet

Buying a new Chevrolet brings several advantages. At Tom Tepe Autocenter, we've noticed that customers get more than just a vehicle. They receive top technology and safety features with every car.

This includes systems that protect you on the road and tech to keep you connected.

New Chevrolets are fuel-efficient thanks to better engines and powertrains. Financing a new car often comes with lower interest rates, saving money over time. Tom Tepe Autocenter & Car Country offers support for both big repairs and small problems under the full manufacturer's warranty.

Certified Pre-Owned vs. Used Chevrolet: Key Differences

Certified Pre-Owned (CPO) Chevrolets undergo a thorough inspection and offer quality assurance, setting them apart from typical used cars. They also come with special financing options available at Tom Tepe Autocenter and Car Country, adding value for buyers.

Inspection and warranty advantages of CPO vehicles

Tom Tepe Autocenter's certified pre-owned vehicles come with two protection plans. The first is a 6-Year/100,000-Mile Powertrain Limited Guarantee. The second is a 12-Month/12,000-Mile Bumper-to-Bumper Limited Guarantee.

This means your car has more coverage. Also, every CPO vehicle goes through a strict 172-Point Inspection by factory-trained mechanics. They check the engine, transmission, and brakes to make sure each vehicle meets top standards for quality and safety.

When you choose a certified pre-owned Chevrolet from us, you're getting more than just a used car. You get peace of mind. This is because professionals have inspected your vehicle thoroughly and it includes solid protection plans for major parts of the car.

At our dealership, we aim to ensure you feel confident in the value and reliability of your purchase right as you drive away.

Cost differences between CPO and used vehicles

Certified Pre-Owned (CPO) Chevrolets usually cost about 3.6% more than non-certified used cars. This extra cost comes from the vehicle's inspection and certification by the automaker, ensuring top condition.

These vehicles also offer special financing options.

Buying a CPO Chevrolet means getting a car that's less likely to have issues down the line, bringing value over time. They come with detailed checks from professionals and sometimes special deals and finance offers.

At Tom Tepe Autocenter & Car Country, we price our CPO inventory competitively. We aim to give customers reliable Chevrolets without the common concerns of buying used cars.

Certified Pre-Owned vs. New Chevrolet: Key Considerations

Choosing between a certified pre-owned (CPO) Chevrolet and a new one involves comparing long-term costs and depreciation. A CPO car saves money with guaranteed quality, while a new one offers the latest tech but may lose more value after 36 months.

Price comparison over 36 months

Examining the cost differences over 36 months for new, certified pre-owned (CPO), and used Chevrolet models reveals significant insights. At Tom Tepe Autocenter, we have analyzed these costs closely. New vehicles lose up to 20% of their value in the first year, making CPO vehicles a smarter choice for savings. CPO Chevrolet cars come with benefits such as reduced uncertainties about the vehicle's condition due to thorough inspections and coverage plans. Let's break down the costs in detail.

Vehicle Type	Initial Purchase Price	Depreciation	Maintenance	Total Cost Over 36 Months
New Chevrolet	High	20% in the first year	Lower in the first years	Highest overall
Certified Pre-Owned Chevrolet	Lower than New	Less than New	May increase over time	Lower than New
Used Chevrolet	Lowest	Varies widely	Higher, depending on the vehicle's condition	Variable, often lower than New

The table shows that CPO Chevrolets offer a sweet spot between new and used models, providing both value and peace of mind. The upfront cost is lower than new vehicles, and they retain their value better due to lower depreciation rates. While used vehicles may appear less expensive initially, potential higher maintenance costs and the unpredictability of their condition can increase total ownership costs. This analysis gives vehicle shoppers at Tom Tepe Autocenter clear insights, helping them make informed decisions that suit their budget and preferences for a Chevrolet in the Midwest.

Depreciation factors

New cars, like Chevrolets, lose about 20% of their value in the first year and around 40% by the fifth year. Their value drops quickly. Pre-owned Chevrolets don't see this sharp decrease because they've already experienced it.

Certified pre-owned (CPO) vehicles depreciate slower than regular used cars. This makes CPOs a better deal for those looking to save money over time without a significant early loss.

At Tom Tepe Autocenter and Car Country, we offer both certified and non-certified used cars to meet diverse needs and budgets.

Used vs. New Chevrolet: What You Need to Know

At Tom Tepe Autocenter, we assist you in choosing between a certified pre-owned Chevrolet or a new model. We focus on your budget and needs to ensure you get the best value and reliability.

Upfront costs and long-term value

Buying a new Chevy costs more initially, requiring larger loans. However, it comes fresh from the factory. Used Chevys are cheaper upfront, suitable for budget-conscious buyers. These tend to depreciate slower, appealing to those who switch cars frequently.

Newer used Chevys offer modern features without the high cost.

When comparing certified pre-owned (CPO) to non-certified used cars, CPO vehicles undergo detailed inspections and include service agreements—providing extra reassurance but at a higher initial price than regular used cars.

Maintenance and reliability are key factors in this decision-making process.

Maintenance and reliability

New Chevrolets come with a three-year or 36,000-mile protection plan for most repairs. This helps owners avoid extra costs early on. Certified Pre-Owned (CPO) vehicles undergo thorough inspections to ensure mechanical reliability before being sold as certified.

In contrast, used cars are often cheaper to insure than new models but may have future maintenance expenses not covered by a service contract.

At Tom Tepe Autocenter, every CPO and used car is carefully checked to be in top condition before sale. We focus on offering durable vehicles that provide lasting satisfaction on the road.

These factors influence long-term spending for owners.

Cost Analysis Over 36 Months

In our in-depth look at the expenses over 36 months, we'll break down what it actually costs to own a Certified Pre-Owned (CPO), used, or new Chevrolet. This analysis gives clear insights into how each option weighs on your wallet over time.

Total ownership costs for CPO

Buying a certified pre-owned (CPO) Chevrolet costs about 3.6% more than non-CPO cars. However, CPO vehicles often hold their value better, making them a smart choice for future selling.

At Tom Tepe Autocenter, we see the benefit of these cars going through thorough inspections. This means they're in great shape when bought and typically have lower repair needs later on.

Each car maker's CPO program varies, impacting the overall cost of owning one. For example, light-duty pickup trucks with CPO status only add an average premium of 2.3%. This makes CPO Chevrolets appealing to those seeking quality and reliability without paying for a new car.

Next, let's look at total ownership costs for used vehicles.

Total ownership costs for used vehicles

Buying a used Chevrolet at Tom Tepe Autocenter can save money. Remember, owning costs more than the sticker price because of state taxes and fees. These extra costs add up over five years.

However, used cars lose value slower than new ones, so you get more for your money later.

At Car Country, we're open about prices. Used vehicles usually have fewer extra charges than new ones. This makes them good for those looking to save money.

Total ownership costs for new vehicles

New vehicles at Tom Tepe Autocenter & Car Country are more expensive upfront. But, they lose value quickly. New Chevrolets drop 23.5% in value in the first year and about 60% over five years.

Driving a new Chevrolet means fewer early repairs because of service plans and performance part guarantees. Owners might save money with federal tax credits for electric models like the EQE SUV from our inventory, which lowers costs for qualifying buyers.

Exploring Tom Tepe Autocenter and Car Country’s Chevrolet Inventory

Choosing a Chevrolet impacts costs over time. At Tom Tepe Autocenter and Car Country, we help you pick between certified pre-owned (CPO), used, or new cars. CPO Chevrolets pass strict inspections and offer promise coverage for peace of mind, while used cars have had previous owners without this guarantee. New Chevrolets come with the latest features but cost more. CPO vehicles balance cost and value by offering inspection and promise coverage, making them slightly pricier than non-CPO used cars.

Exceptional inventory of CPO, used, and new Chevrolets

Tom Tepe Autocenter offers a wide selection of Chevrolets, including certified pre-owned (CPO), used, and new models. The 2025 Chevrolet Silverado 1500 LT is a highlight in our inventory.

For those looking to finance, we provide low interest rates on select vehicles. This offer suits buyers who meet the qualifications and need an affordable way to purchase their next Chevrolet.

Our team aims to match you with the right car and financing plan that fits your budget and lifestyle.

Financing options for your Chevrolet purchase

Our team offers financing for new and used Chevrolet cars, including an easy online finance application. We provide special deals on Chevrolets under $20,000 and low-interest financing through our dealership for qualified buyers.

This makes buying a Chevrolet stress-free. Our goal is to match you with a car that fits your budget and needs. Visit us at Tom Tepe Autocenter to see our selection of cars.

Conclusion

Deciding between a Certified Pre-Owned, used, or new Chevrolet in the Midwest comes down to your budget and priorities. CPO Chevrolets are inspected for quality and come with benefits, but at a lower cost than new cars.

Used vehicles save money upfront but may need more repairs later. New cars have the latest features but lose value quickly. At Tom Tepe Autocenter & Car Country, we aim to match you with the perfect Chevrolet that suits your financial plan over 36 months.

We offer a broad selection of Chevrolets for every type of buyer.

FAQs

1. What’s the main difference between a Certified Pre-Owned (CPO) Chevrolet and a regular used Chevrolet?

A Certified Pre-Owned Chevrolet has passed a 172-point inspection, comes with extended factory-backed warranties, and includes perks like roadside assistance and vehicle history reports. Regularly used vehicles may not have these benefits, but often cost less upfront.

2. Why might a CPO Chevrolet offer better long-term value than a used one?

While CPO vehicles cost slightly more upfront, they often come with added protection and reliability. This can reduce repair costs over time and offer greater peace of mind, making them a smart choice for buyers who plan to keep their vehicle for several years.

3. How does depreciation affect new, used, and CPO Chevrolets over 36 months?

New Chevrolets lose up to 20% of their value in the first year alone. CPO vehicles have already absorbed initial depreciation and tend to retain value better over time. Used vehicles depreciate at varied rates depending on condition and mileage, but often have higher long-term maintenance costs.

4. Does Tom Tepe Autocenter & Car Country offer financing for all Chevrolet options?

Yes. We offer competitive financing on new, used, and CPO Chevrolets — including low-interest rates for qualified buyers. Our team works with you to find a monthly payment that fits your budget, whether you're buying in Milan, Aurora, or Harrison.

5. Which Chevrolet option is best for my budget — new, used, or CPO?

It depends on your priorities. If you want the latest features and minimal maintenance, a new Chevrolet may be best. If you want upfront savings and are comfortable with a bit more upkeep, a used vehicle might suit you. CPO vehicles offer a middle ground with added value, lower depreciation, and factory-backed warranties.

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Harry Tepe, Owner and Dealer Principal, Tom Tepe Autocenter

Harry Tepe is a seasoned automotive expert and the owner of Tom Tepe Autocenter, a leading vehicle dealership serving the Midwest states of Ohio, Indiana, and Kentucky. With a lifelong passion for automobiles.

Over the years, Harry worked his way up through various roles, absorbing valuable insights into sales management and dealership operations until he became the youngest GM Dealer Principal and owner of Tom Tepe Autocenter, expanding the business to include multiple locations and a standalone reconditioning center.

Under Harry's leadership, Tom Tepe Autocenter and Car Country in Aurora and Harrison, Ohio, have grown exponentially, selling over 2000 vehicles annually and generating over $50 million in revenue. His active involvement in the industry is further evidenced by his participation in the NADA 20 Group and his influential role on the Board of Directors for the Indiana Auto Dealers Association, even serving as its President in 2016.

Harry's journey embodies the essence of expertise, authority, and trustworthiness. His insights and experiences are not just stories of personal growth and business success; they are testaments to his deep understanding of and commitment to the automotive industry.