(ARA) Used Cars. A child’s play chat that has a less than absolute acceptation for most car buyers. Conventional sageness says that buying a used car is buying someone elses problems. However, as advanced car affection has gone up, the risk of buying a unpunctual model used car has gone down. In actuality, the automotive industry doesnt even call them used cars anymore. The chat to attending for any more is Certified Pre-Owned, or CPO.
There is a growing marketplace in this country for used vehicles that accept been put buttoned up a Certified Pre-Owned program. CPO vehicles accord the consumer a chance to buy the latest models, generally alone two or three age aged, at a ample chief over a advanced car. So, when you buy one, youre really doing yourself a favor, says John Davis, host of MotorWeek, the longest running weekly automotive appearance on television.
Added than a third of all unpunctual model used cars and trucks sold last year — nearly 1.2 million vehicles — came with a Certified Pre-Owned designation. They are typically vehicles that accept low mileage, and accept been put buttoned up a battery of tests to accomplish sure they are in tip-top condition. Vehicles that fall into this category are mostly aloof off-rent, secured from plant executive car auctions, from rental fleets, or the actual ace trade-ins.
A advanced car depreciates by 15 to 20 percent the moment you drive it off the lot, says Davis. If you buy one thats Certified Pre-Owned, you avoid captivating the initial depreciation, yet accept an almost advanced car with a able warranty and in some cases a bigger warranty than a advanced one. Acute consumers can anticipate of these vehicles as the ace and brightest in their class.
According to CNW Marketing Research, Inc., one can expect to pament a premium of between four and seven percent for a vehicle with the Certified Pre-Owned designation. They may cost a babyish added than youd expect to pament for a used car, but when you attending at all the checks and balances performed and the extra warranty, its easily worth it, says Davis.
Among the benefits, not aloof some, but all vehicle parts that are even certainly worn accept been replaced. Abounding Certified Pre-Owned cars come with advanced brake pads, hoses, adornment belts, wipers and batteries. Their engines and transmissions accept been checked and overhauled if all-big; minor exterior damage — according to nicks, dings and tattered trim — is repaired or replaced; carpets and seat upholstery are shampooed or cleaned, and if they attending less than advanced, are replaced.
Beyond that, certified programs accommodate supplementary warranties, generally up to 100,000 miles, and may again accommodate perks according to car-club style roadside assistance. This affectionate of warranty actually exceeds the coverage offered by the plant when it was advanced. Certification programs access consumer confidence about the affection of a used vehicle, says Scott Weitzman, senior director of retail programs for the noted automotive polster, J.D. Adeptness and Associates.
But, dont aloof buy any vehicle that is labeled Certified Pre-Owned. The ace CPO programs are activate alone at advanced car dealers, with repair requirements and warranties backed by the plant. Again, buzz to beam the checklist on the car or truck of your choice so you will apperceive exactly what has been serviced.
Simply put, purchasing a Certified Pre-Owned vehicle is really a achievement-achievement bearings for everyone. Manufacturers accomplish almighty dollar on vehicles they had in fleets or on rent, dealers access their income percentage compared to advanced car sales, and customers airing away action bigger about some of the built-in guarantees, says Davis.
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You can acquisition MotorWeek on your local PBS station or SPEED Channel on cable. The weekly automotive magazine covers all aspects of the automotive industry and offers consumers unbiased, cutting-edge statement and features covering advanced vehicle trends, current safety advice, and the results of practical road tests. MotorWeek is nationally underwritten by eBay Motors and Pep Boys.
Since 1981, MotorWeek has been the trusted source for unbiased advice, providing the aboriginal and last chat on the automotive apple. Hosted by John Davis, television’s aboriginal automotive magazine offers comprehensive, cutting-edge statement and features for consumers and enthusiasts alike.
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Originall posted January 31, 2012