Pre-Owned Program (2024)

Join over 45,000 dealers offering their pre-owned customers a 3-month SiriusXM trial subscription ($87+ value) with purchase of a factory-equipped vehicle — our best programming in the car and on the SiriusXM app. This program extends the 3-month trial subscription to all factory-equipped Non-Certified pre-owned vehicles. This is a great opportunity to seamlessly provide SiriusXM trial subscriptions to your customers at no cost to your dealership, no customer credit card required.

Pre-activate the radio on SiriusXM-equipped vehicles by launching the SiriusXM Dealer App and scanning the VIN or by manually entering the VIN or Radio ID. For best results, launch the app, turn on location services and refresh the radio to demonstrate SiriusXM during test drives. Make sure to follow these steps prior to customer delivery. Your customer’s 3-month trial subscription will automatically start after a sold record is received.

Pre-Owned Program (2024)

FAQs

What does used pre-owned mean? ›

Preowned refers to something that has been previously owned by someone else or has already had at least one previous owner. Preowned is sometimes spelled pre-owned. Preowned is a euphemism, which is a milder way to say something to make it less harsh or blunt.

What is an example of pre-owned? ›

previously owned by someone else: A Swan, pre-owned or new, is a real investment. They are reconditioning used cars for sale as certified pre-owned vehicles.

What is CPO? ›

A chief product officer (CPO) is a corporate title referring to an executive who leads the entire product organization. Alternatively, the CPO is known as VP of product or head of product.

What does GM CPO mean? ›

So it's a good thing Certified Pre-Owned makes buying a used vehicle simple. Every Certified Pre-Owned vehicle is backed by Chevrolet, Buick and GMC. And, every Certified Pre-Owned vehicle boasts a benefits package that helps you make your choice confidently — without settling.

Is there a difference between preowned and used? ›

Used Vehicles. Used cars that meet or exceed multiple high-level standards will earn the qualification of a certified pre-owned (CPO) model. Buying CPO vs. used means — though you'll pay more than a standard used vehicle — you'll pay much less than buying a brand new, drive-off-the-lot model.

What does "pre-used" mean? ›

previously owned; used; secondhand. a sale of preowned furs.

What does pre-owned good mean? ›

Definition of Preowned

Preowned refers to items that have been previously owned or used by someone else. These items are typically sold in their original condition without any repairs or modifications. Preowned items can include a wide range of products such as electronics, furniture, clothing, and vehicles.

What is the other meaning of pre-owned? ›

Definition of pre-owned. as in secondhand. secondhand. hand-me-down. worn.

Does pre-owned mean refurbished? ›

A pre-owned item is a second-hand or used product that may or may not have been repaired or refurbished. It's certainly a bit of a gray area since the pre-owned term doesn't specify anything beyond its previous condition.

What is the point of CPO? ›

A critical part of what a CPO does is to outline the product's vision statement and ensure that vision is shown in the products and has a meaningful impact on the customers and the company's revenue.

What is an example of a CPO? ›

A CPO might be created where there is to be a major development. For example, land required for a new hospital or a major housing development. It might be served by an electricity company who wish to create a new substation or a water company who wish to install a main sewer.

What is a CPO payment? ›

As opposed to a simple payment order, the conditional payment order (CPO) helps you, as applicant, to ensure that the beneficiary of the payment will only collect the amount after fulfilling all the conditions imposed by you within the payment instrument. Advantageous costs. Simple, straightforward transaction.

What does CPO mean price? ›

Cost per order (CPO) is the average marketing spend needed to drive any purchase to your store. Therefore, it includes both new and returning customers. Cost per order is sometimes confused with cost per acquisition (CPA), which only calculates the cost to acquire only new customers.

What does CPO mean in the car business? ›

A certified pre-owned (CPO) car is a used vehicle that's been thoroughly inspected and repaired as needed. The manufacturer's or dealer's warranty may also back it up, depending on their CPO program. The added work to qualify a CPO can result in a significant price increase compared to other used cars.

What does CPO mean on CarGurus? ›

This stands for Certified Pre Owned. CPO vehicles may offer special manufacturer warranties and added guarantees. Please note that CPO programs can vary and are not guaranteed from CarGurus.

Is pre-owned the same as refurbished? ›

Preowned items are typically sold as-is, without any repairs or refurbishments, and their prices are usually lower than refurbished items. On the other hand, refurbished items have undergone a thorough inspection, repairs, and testing process to ensure they are in good working condition.

Is pre-owned second hand? ›

Pre-owned is generally a bit of a gray area. While it technically refers to any second-hand product, in most cases it usually refers to a well-taken-care-of item. This category of device sits between Refurbished and Used, where it is in good, but not exactly new, condition.

What is one advantage of buying a pre-owned vehicle? ›

Lower insurance costs and fees: Many pre-owned cars carry lower insurance rates, titling fees and sales taxes. You may save both on the lot and over the car's life. Slower depreciation: Used cars also depreciate much slower.

What is the difference between pre-owned and Preloved? ›

Pre-loved vs Pre-owned

To me, Pre-loved means items that are not new but have been loved and taken care of by the previous owners and are still in excellent or good condition, whereas pre-owned on the other hand means that the item has been well worn or used and isn't in a prime condition anymore.

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