Certified Pre-Owned Vehicles—A Smart Choice for Smart Shoppers
Depreciation. It happens the moment you drive a new cars off the dealer’s lot. In most cases, your new car loses about 11 percent of its value once it leaves the dealership. (Some models can lose as much as 20 percent.) It’s because of this harsh reality that from a purely financial sense it makes more sense to purchase a used vehicle over its brand-new counterpart.
Certified preowned vehicles offer an affordable alternative
Sales of certified used cars have increased nearly 50 percent since 2000, according to J.D. Power and Associates. For many car shoppers, certified used cars have become affordable alternatives to new cars.
Certified Pre-Owned Vehicles — Are They Right For You?
If you’ve paid a lick of attention to used car advertisements, you’ve no doubt noticed the ads for manufacturer-backed “certified pre-owned” (CPO) programs offered through dealerships. But what, exactly, are the advantages of a CPO vehicle to you, and is it the right choice for your next purchase?
New to You — Certified Used Vehicles Deliver a Like-New Experience
If you’ve paid a lick of attention to used car advertisements, you’ve no doubt noticed the ads for manufacturer-backed “certified pre-owned” (CPO) programs offered through dealerships. In this day and age of wondrous Craigslist car ads from private sellers that promise crazy savings that seem too good to be true, there are good reasons to head to a dealer and explore the CPO market. Considering the savings to be had, you owe it to yourself to explore this attractive option.