Buying a used car is a good option when you are strapped for cash. The price of a used car is significantly lower than the market price of a new one. And, instead of going for the cheapest car, you have the option to buy a car in an upper price range.
The only major issue that you face with buying a used car is that it could break down in the near future. A used car may have gone through significant wear and tear. However, a certified pre-owned car offers you another option when it comes to purchasing a used car.
Here are points to consider when deciding if you want a pre-owned vehicle.
Prepped and Repaired
A certified used car is taken in and repaired. Parts that require replacement are replaced. And, overall, the car gets repaired in all areas from the paint work to electronics to the engine.
Both a car dealership and a car manufacturer sell certified pre-owned vehicles. This gives you two options if you decide to buy a certified pre-owned car.
Certified pre-owned car Inspections
These are inspections that ensure that the car is up to the manufacturer’s standard. There are many dealerships that claim to sell certified pre-owned cars. To ensure these dealers have repaired the car in the best possible manner, they have to pass through the inspection by the manufacturer.
This means a certified used car that has passed inspection is in the best possible condition.
5 Year Limit
The older a car is, the more wear and tear it has experienced, the more fuel it will consume, and the quicker you will face problems with it. A certified pre-owned car is never older than 5 years.
Comparatively, you will find used cars in the market that are as much as 10 years old.
Warranty
If you’re lucky, the pre-owned car may still be under warranty from the previous ownership. If not, you will be given a warranty from the manufacturer. The warranty will largely give you a year to two years of coverage and be limited to 2000 to 4000 km of mileage.
Warranties largely depend on the manufacturer.
Extra Costs
Compared with a used car of the same model, you will find a pre-owned car charges an increased price of about 7-8%. However, this increased cost is present due to the repairs and inspections. It is worth paying for the extra costs of a certified pre-owned vehicle because the car will last longer.
There will be Problems
A certified used car does not mean it is devoid of any problems. In fact, no manufacturer can guarantee that there will be any problems. However, because the car has a warranty, you can get any problem that you come across fixed.
If you want to buy a used car because of the cost benefit, but yet want to save by buying a car that won’t break down – a certified pre-owned vehicle is your best bet.
In case, you’re short on cash for a certified pre-owned vehicle, you can simply get a car loan from Insta Auto Loan. The process is simple, easy and quick.
