If you have damaged, credit, a certified pre-owned vehicle may be a good option for you to consider. While you will pay a little more than you would for a “regular” used car, the peace of mind that you will get from the purchase may be worth the higher price tag.
Since certified used car programs differ from manufacturer to manufacturer, it pays to do your home work before choosing a vehicle – especially if you have poor credit and are on a tight budget. Thanks to the editors at Autotrader, this process has been simplified, making it easier for consumers to make a buying decision.
Consumers, especially those with tarnished credit, should avoid used cars with poor reliability as the odds of paying for costly repairs on top of a monthly car payment increase for these vehicles.
You may think that you’ll save a lot of money by paying cash for a cheap car. After all, who wants to have to deal with a car payment? However, in the long run, a cheap car may end up costing you far more than you bargained for.
There are new cars and used cars, and then there are certified pre-owned vehicles. While these cars are technically “used,” they come with some of the perks that come with new cars, such as warranties and factory inspections. They are also newer used cars with fairly low mileage. Could this third option be the best choice for you?
The good news is that, on average, wholesale prices for compact cars dropped 1.1 percent in December. Manheim explains that the reason for this price drop was consumers moving “to CUVs and mid-sized cars.”
Through vehicle cloning, used car fraudsters have found yet another way to separate unwary buyers from their hard-earned cash. This trap can be avoided by following the tips supplied by the NICB and also remembering that “if a used car deal sounds too good to be true, it probably is.”