Vincentric lists the best values ​​in certified used vehicles for 2022

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Toyota and Hyundai top the list for Canada’s best used car values, each earning four model awards, along with the top brand in the 2022 Vincentric Best CPO (Certified Pre-Owned) Value in Canada accolades. The awards recognize the pre-owned vehicles with lower-than-expected cost of ownership in each segment, broken down into best value and lowest cost of ownership.

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Other brands that won multiple trophies at the model level were Mercedes-Benz, Ford and Nissan. Multi-year winners included the Ford Super Duty F-350, which took fourth prize for a full-size one-ton pickup; the Volvo V60 on its third luxury car win; and the Dodge Grand Caravan with two wins for minivan. As these are used vehicles, some models on the list are no longer available as new vehicles.

CPO vehicles are offered by automakers through their franchise dealers. Under the program, a used vehicle must meet the manufacturer’s standards for safety and quality upon detailed inspection, and be within the age and mileage limits. They are sold with a factory backed extended warranty and may include financing and roadside assistance plans.

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To determine the winners, Vincentric analyzes the cost of each vehicle based on eight factors of depreciation, fees and taxes, financing, fuel, insurance, maintenance, repairs and opportunity costs, measured after including each car manufacturer’s warranty. . Costs are estimated across the ten counties and Northwest Territories, assuming each vehicle is driven 20,000 miles per year over a five-year period.

“More than half of the vehicles that earned Vincentric Best CPO Value in Canada 2022 awards this year were winners in their segment for the first time,” said David Wurster, president of Vincentric. “Having so many new entrants among this year’s winners shows that consumers looking for a CPO vehicle have many new options for vehicles that will deliver best-in-class value.”