The average premium that a shopper will pay for a certified pre-owned car is 3.6 percent, according to an analysis from iSeeCars.com, which said the lowest premium (percentage-wise) can be found on the Jeep Wrangler Unlimited.
The company looked at more than a million 2015 model-year used cars to gauge how much more the CPO variety costs for specific models.
What iSeeCars found is that for the Wrangler Unlimited, the CPO model was only 1.6 percent more expensive than the non-CPO edition.
“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,” iSeeCars chief executive Phong Ly said in the analysis.
“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,” he said.
That Jeep topped the list of lowest CPO premiums, and it was followed by the Nissan Rogue and Honda CR-V, both with a 1.7-percent premium on certified.
The three SUVs topping the list were among five in the top 10. The iSeeCars lowest CPO premium rankings also included two pickup trucks, two sedans and a minivan.
Honda had the most cars represented, at four.
“Honda’s CPO terms include a one-year or 12,000-mile comprehensive warranty and a seven-year or 100,000-mile powertrain warranty from the original time of sale,” noted Ly. “Honda CPO vehicles also have no deductible for repairs, which in addition to the warranty terms provide high value at a minimal cost.”
The top 10 is below, along with dollar-figure premiums:
1. Jeep Wrangler Unlimited: 1.6 percent, $523
2. Nissan Rogue: 1.7 percent, $302
3. Honda CR-V: 1.7 percent, $339
4. Honda Odyssey: 1.8 percent, $420
5. Chevrolet Tahoe :1.8 percent, $707
6. Chevrolet Silverado 1500: 1.9 percent, $529
7. Honda Accord: 1.9 percent, $322
8. Honda Civic: 2.0 percent, $291
9. Jeep Grand Cherokee: 2.1 percent, $560
10. GMC Sierra 1500: 2.1 percent, $646
On the flip side, the Lexus IS 250 had the highest certified premium at 7.9 percent, along with the Mercedes-Benz C-Class at 7.9 percent, as well.
Three others were above 7 percent: Mercedes-Benz E-Class (7.7 percent), Cadillac ATS (7.6 percent) and Mercedes-Benz CLA (7.5 percent).
“Given the higher cost of repairs for luxury vehicles, luxury CPOs typically carry a higher premium than their non-luxury counterparts,” said Ly.
The models with highest CPO premiums are as follows, with dollar-figures amounts, as well:
1. Lexus IS 250: 7.9 percent, $2,022
2. Mercedes-Benz C-Class: 7.9 percent, $2,009
3. Mercedes-Benz E-Class: 7.7 percent, $2,510
4. Cadillac ATS: 7.6 percent, $1,637
5. Mercedes-Benz CLA: 7.5 percent, $1,767
6. Volvo S60: 6.9 percent, $1,353
7. BMW X1: 6.7 percent, $1,411
8. Audi A4: 6.7 percent, $1,480
9. BMW 3 Series: 6.5 percent, $1,458
10. Mercedes-Benz GLK: 6.4 percent, $1,796