When it is time to buy another vehicle, it is a good idea to give some consideration to purchasing a certified pre-owned car. In recent years, the market for used vehicles has greatly improved and it is now easier to find a high quality used automobile that is actually worth the money you pay for it. These are some of the advantages of buying a certified pre-owned vehicle instead of purchasing a brand new automobile.
One of the best advantages of buying a certified pre-owned car instead of a new one is that it will cost a lot less. Not only will the initial cost be less, but you will most likely be able to put down a lower down payment and have cheaper monthly payments if the car is financed.
Many banks and other auto lenders require customers to pay a large sum of the cost of the car up front before they will approve an auto loan. If you purchase a certified pre-owned vehicle, this amount will be less.
Purchasing a certified pre-owned vehicle is different than buying a typical used car. These vehicles are included in certified programs that give you the assurance of knowing you are buying a car that is of very good quality. Cars that are certified pre-owned are generally newer models and have lower mileage than traditional used cars.
Certified pre-owned cars are also inspected thoroughly to ensure there are no severe mechanical problems that may arise. Background checks are done to make sure they have not had substantial damage done in a motor vehicle accident as well. Certified pre-owned vehicles may also carry a warranty that extends beyond the original factory warranty.
As soon as a new automobile rolls off the sales lot, it depreciates in value. Therefore, reselling a new car for the price you paid for it may be very difficult. However, this is not the case with certified pre-owned vehicles.
While certified pre-owned cars do depreciate, the value does not drop as quickly as it did when the cars were new. You will likely be able to resell the car at close to what you paid for it as long as it is still in excellent condition.
Cheaper Taxes, Tags And Insurance
The cost of paying taxes, tagging and keeping a certified pre-owned car will be less than these costs on a new car. All these costs are greatly affected by the model year of a vehicle. Therefore, you will pay less to tag, insure, and pay taxes on a certified pre-owned car than on a brand new vehicle.
With all the advantages of buying a certified pre-owned vehicle, many consumers have found this to be the best option for buying a car. Certified pre-owned cars can last for several years and provide the same quality of use as new automobiles. For further assistance, contact a local dealer, such as Texas Automotive Performance.