The 1962 Copa Preparación was the fifth edition of the Chilean Cup tournament. The competition started on April 15, 1962, and concluded on May 20, 1962. Luis Cruz Martínez won the competition for the first time, beating Universidad Católica 2–1 in the final.
Matches were scheduled to be played at the stadium of the team named first on the date specified for each round. If scores were level after 90 minutes had been played, an extra time took place. If scores were still level after the 30 minutes extra time, a penalty shootout took place, where every team designated one kicker, who takes 3 penalty kicks. If at the end of these three rounds of kicks the teams have scored an equal number of goals, a coin toss took place.
