Buying a certified used car can be a smart choice—why not let someone else take the big depreciation hit when an SUV or car is still new? That said, some CPO programs are better than others. IntelliChoice, our trusted partner in car value analysis, has determined which programs rise above the rest. Keep reading to find out which automakers came out on top in the 2022 IntelliChoice CPO Awards.
IntelliChoice CPO Award Criteria
To determine which CPO programs are the best, IntelliChoice looked at nine criteria. Warranty carries the most weight, followed by inspection score and the availability of special financing. Used car ownership costs, title verification, roadside assistance, dealership compliance, return and exchange provisions, and market penetration also factor into the decision.
Best CPO Programs for 2022: Popular and Premium Brand Winners
Ford takes home the CPO Program award among non-premium brands for the second year in a row. Scoring well in nearly all criteria, and earning particularly high marks in special financing, Ford beat out second-place runner-up Hyundai this year. Toyota came in third place.
Taking the crown in the premium brand category is Acura. Like Ford, Acura nabbed the overall prize last year, too. Acura’s roadside assistance and low used ownership costs, plus the fact that it’s one of only three premium brands to offer a return/exchange program, helped it win against Jaguar, which came in second place, and Lexus, which slotted into third.
Best CPO Program Warranties for 2022
Comparing warranty programs across the industry, IntelliChoice named Mitsubishi the winner of its CPO Warranty award for mainstream vehicles. Mitsubishi’s certified pre-owned customers enjoy a 5-year/60,000-mile carryover new car warranty and 10-year/100,000-mile limited powertrain warranty, plus a $0 deductible. Kia and Hyundai came in second and third place, respectively, each offering a $50 deductible.
In the premium category, Jaguar nabbed the win, covering CPO buyers with a one-year/unlimited-mile comprehensive limited warranty added to the factory warranty, or two years/100,000 miles. Porsche and Acura weren’t far behind in the rankings.
IntelliChoice CPO Used Ownership Cost Award Winners
Mazda slid into the top spot among mainstream brands for used cost of ownership, beating out second and third place finishers Subaru and Ford. Cadillac scored its fifth straight win this year for lowest ownership costs in the premium category, with Lincoln and Acura rounding out the podium. An impressive 57 percent of Cadillac’s lineup has been deemed an Excellent value, IntelliChoice’s highest rating for cost of ownership.
Best Certified Pre-Owned Used Car Programs for 2022:
- Ford – Best CPO Program
- Acura – Best CPO Program
- Mitsubishi – Best CPO Warranty
- Jaguar – Best CPO Warranty
- Mazda – Best Used Ownership Cost
- Cadillac – Best Used Ownership Cost
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