What Are the Benefits of Buying a Certified Pre-Owned Vehicle?

Anyone that knows anything about the valuation of cars understands that a certified pre-owned vehicle is a much better investment for many different reasons. When you take time to examine the value of a certified pre-owned vehicle compared side-by-side with a new vehicle, including the cost of each car, it starts to make sense. In most cases, a certified pre-owned vehicle is much less expensive. You get to enjoy the car of your dreams without such a steep price tag.

When you’re searching for used cars online, you’re likely to find a good number of certified pre-owned vehicles. This will give you an opportunity to assess whether or not they meet your requirements. Since most people who choose to purchase a new car already have the mindset that they will not leave with a used car, you’ll have to let go of any preconceived notions and decide to be open-minded throughout the process.

If you allow yourself to be objective, you’ll find that many used cars for sale will meet your requirements. With that said, you’ll probably find that a certified pre-owned car is a better option, which is why they are typically more expensive than used cars. You might want to spend a day shopping in person for cars so that you can test these theories. By searching "car dealerships near me" online, you can narrow down the locations that have the brand you’re seeking. As you conduct your research, keep in mind the following benefits of buying a certified pre-owned vehicle.

Protected by an Extended Warranty

Most experts will tell you that the number one benefit of buying a certified pre-owned vehicle is the warranty. There are so many reasons why this is true, but the primary reason is that a great warranty gives you peace of mind. Programs for certified pre-owned vehicles usually extend the original warranty of the vehicle and then add other protections. While this all depends on the brand and the dealership, it’s somewhat standard.

In the event that the original warranty had a limited amount of mileage, the warranty for the certified pre-owned vehicle would likely increase that number significantly. Generally speaking, these warranties are competitive because dealers understand that you will shop around. As part of the warranty, there’s a good chance that you will have access to a roadside assistance program, which actually saves you money because you won’t have to purchase it separately. Roadside assistance will often include service that’s available around the clock. The roadside assistance component will last for the entire period of the extended warranty.

Vehicles Must Be of High Quality

There are some people that will only purchase a certified pre-owned vehicle as opposed to a used car because they are of such high quality. In fact, you will only find the best vehicles listed as certified pre-owned. This usually includes cars that have a low number of miles and are later models. They must also have a clean history that can be proven. The amount of testing that a certified pre-owned vehicle endures is extensive. There’s a good chance that the car went through hundreds of individual checks before it was approved. The inspection and reconditioning process is comprehensive. Generally speaking, failure to meet any of the requirements or pass the inspections will result in a car being classified as used and not certified pre-owned.

Potential Leasing Options

If you are unable to actually buy a certified pre-owned vehicle, there’s a chance that you can lease the car. The reason why this is even allowed is because certified pre-owned vehicles don’t typically have a lot of maintenance problems. While it’s not always an option, you should certainly inquire about leasing. It tends to be an attractive solution for consumers that want the quality of a certified pre-owned vehicle but don’t necessarily have a large down payment.

Customer Satisfaction Programs

An interesting aspect of buying a certified pre-owned vehicle is that sometimes they offer customer satisfaction programs that allow you to return a car if you are not satisfied. To some degree, this is because the dealer knows the vehicle is of high quality, which means they will be able to sell it or lease it again. Just keep in mind that usually returning a certified pre-owned vehicle means you’ll have to exchange it for something else. There are also specific timeframes that govern when you’ll need to return it, which includes a maximum number of additional miles. The fact that there is a customer satisfaction program is the reason why some consumers consider a certified pre-owned vehicle above other options.

Possible Free Maintenance

Some car brands are known for providing free maintenance on certified pre-owned vehicles for a predetermined timeframe and a maximum number of miles. This is typically part of the certification process. In other words, the dealership is confident in the inspection and certification process. This enables them to offer free maintenance since there won’t likely be a significant amount required.

Options for Financing with Low-Interest Rates

When you are assessing the cost of a certified pre-owned vehicle, something that can mitigate the fact that they are more expensive than regular used cars is that there are usually financing options with lower interest rates. Since this is the case, there’s a good chance that your monthly payment will be lower with a certified pre-owned vehicle. If you are on a tight budget, you might be more focused on the monthly payment, which is fine. That doesn’t mean the overall price of the vehicle doesn't matter, it just means the monthly payment can work well within your budget.

When it comes to buying a car, whether it’s new, used or certified pre-owned, it’s always good to negotiate. Even if you don't think you're good at negotiating, you should inquire about a lower price. It would almost be financially irresponsible not to do so. With all of the benefits, there aren’t any reasons not to go with a certified pre-owned vehicle.

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