If you’re in the market for a new car, it’s a good idea to explore your options for used cars rather than head straight for the fresh-from-the-showroom-floor models. Certified pre-owned cars come with a lot of advantages, many of which you may not be aware of if you aren’t familiar. Learn what you have to gain and what you may be glad to lose by opting for a gently used vehicle.
One of the biggest drawbacks of new cars is the fact that they lose a large percentage of their value the moment you drive them off the dealership lot. That can leave you feeling like you wasted several thousands of dollars before you’ve even driven your new car home for the first time. Pre-owned cars, on the other hand, experience less depreciation over time. That means that rather than feeling as if you wasted money, you’re more likely to feel you’ve saved yourself some money.
Dodge High Sales Tax
Just like practically anything else you buy, you have to pay sales tax on a new car. Depending on your state and the dealership, that tax amount could be in the thousands. You can sidestep that massive tax payment by getting a used vehicle instead. With that in mind, it’s still a good idea to do some research in your state to see what (if anything) you can expect to pay in taxes for a used or certified pre-owned vehicle.
They Look Great
If you’ve never driven or looked at a certified pre-owned vehicle, you may have the impression that they’re visibly aged, potentially scratched, and don’t have that new car smell everyone likes. The truth of the matter is that manufacturer-backed certified pre-owned vehicles have to meet specific program specifications designed to work in your favor. For instance, one manufacturer may require that pre-owned vehicles be younger than six years old and have fewer than 80,000 miles on them.
To get something that looks and feels as close to brand new as possible, look for auto lease returns that are only one or two years old. These vehicles often had contracts requiring they be well-maintained. When you pair that with the best auto loan solutions, you may leave the dealership feeling like a money-saving champion.
Certified pre-owned vehicles often have to undergo a professional inspection before they can be offered for sale. That’s because they usually have an extended warranty, which is something else that works in your favor. Here, it’s important to make a distinction between used vehicles sold by a private seller and certified pre-owned vehicles sold by a dealership. While pre-owned vehicles are used, not all used vehicles are certified. That point is, it’s essential that you make sure any used vehicle you’re thinking of buying has been fully inspected. You may need to hire a mechanic on your own to inspect a used vehicle to ensure it’s safe before you make an offer.
Touching back on extended warranties, they’re common with certified pre-owned vehicles (which isn’t always the case with used vehicles sold by private sellers). The glory of an extended warranty is the fact that you have one less thing to worry about if you incur unexpected repair costs when the warranty is active. Before you get too excited and comforted at the idea of having an extended warranty, do your research so you know what kind of warranty you’re getting, how long it lasts, and what it covers. Not all warranties are created equal.
Despite all the advantages touched on above, certified pre-owned vehicles aren’t for everyone. You may be someone who prefers pristine and brand new. Then again, who knows, after driving away in your first pre-owned vehicle, you may never by a brand-new car ever again.