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.”
Although the MojoMotors study is a broad look at vehicle value, it’s interesting to see how the various manufacturers stack up against each other and how closely the results match up with the perceived value of each brand.
Robert had never heard of Auto Credit Express when he stumbled upon our site late one night, searching for auto financing. He knew his credit wasn’t great, so walking into any dealership and picking out any car was not an option. And he didn’t have enough saved up to purchase a car from a private seller. It’s no wonder he was starting to lose faith in his chances of getting a car, that is, until that night.
Credit-challenged consumers have to decide for themselves if the added price of a certified used car makes sense. The information contained in the IntelliChoice report, however, should serve as a guide for those borrowers considering a certified pre-owned vehicle.