- Mazda has announced enhancements to its Certified Pre-Owned program.
- Warranty coverage has been expanded and more vehicles are now eligible for the plan.
- The company's three-year buy-back plan and other components of the CPO program remain unchanged.
IRVINE, California — Mazda has announced changes to its Certified Pre-Owned (CPO) program that provide additional warranty coverage and increase the number of vehicles that will be eligible for the plan.
Beginning immediately, purchasers of CPO Mazdas will receive a 12-month/12,000-mile additional limited warranty, which begins when the standard factory warranty ends. For vehicles already beyond the factory warranty period, the new warranty kicks in at the certified retail date. Either way, there is no deductible on covered components.
At the same time, Mazda is adding one year and 20,000 miles to CPO eligibility requirements, which expands the number of vehicles available for the program. Now vehicles from model years 2008-'13 with less than 80,000 miles will be available for purchase under the CPO plan.
Unchanged is the company's three-year buyback plan, which provides the buyer with up to 110 percent of the NADAguides.com published retail value for the vehicle should there be a problem with the title. The plan also covers up to $500 coverage on aftermarket accessories.
Other existing features include a 150-point vehicle inspection, a vehicle history report and 24-hour roadside assistance.
"Mazda has seen substantial success with its CPO program and we are continually looking for ways to enhance it in order to exceed the expectations of our customers and dealers," said Ron Stettner, vice president of sales for Mazda North American Operations.
As evidence of that success, Mazda says its sales of certified pre-owned vehicles have increased by 40.2 percent over the past year, and dealer participation has gone up by 6 percent.
Toyota's certified pre-owned program, which covers vehicles less than six years old with fewer than 85,000 miles on the odometer, comes with a warranty good for 12 months and 12,000 miles and includes a 7-year/100,000-mile powertrain warranty. Also included are a 160-point quality-assurance inspection, a Carfax history report and one year of roadside assistance.
Honda's CPO program, which covers vehicles up to six years old with fewer than 80,000 miles, comes with a warranty of 100,000-miles or 7 years from the original in-service date (whichever comes first). The Honda plan also includes a 150-point inspection, a Carfax report, and free XM Radio for one year.
Edmunds says: More options for consumers in the used-car market are always a good thing.