If you’re on a tight budget, but still want to drive something cool like Mercedes Benz, pre-owned vehicles are the perfect choice for you. Instead of buying a brand new car and burning through your savings in the process, why not purchase something that’s already been paid for once before? That way, you get to spend less money upfront and enjoy the same car you would have purchased new, but for half the cost.
As it happens, there are many reasons why pre-owned cars are the best value for your money. If you’re thinking about buying one soon, then read on to see why they’re worth it.
The Difference Between Pre-Owned and Used Vehicles
Resale Value
If you’re worried about the car you buy losing its value as time goes on, don’t be. Pre-owned vehicles tend to retain their value extremely well, even after years of use. In fact, they may even be worth more than they were when they were new. That’s because depreciation is a huge factor in determining the value of any car.
Certified pre-owned vehicle, on the other hand, are less likely to depreciate or lose value as time goes on. That’s because people know they’re already used and that cuts down on depreciation.
Pre-owned vehicles are also worth more because they come with a history of their previous owners. A car that’s been driven for years by the same person is likely to have more problems than a car that’s been driven for only a few months by lots of different people. Knowing who the previous owners are and how they drove the car can help you avoid any serious problems you may have otherwise run into.
Cheapest Way to Drive New
If you’ve ever bought a brand-new car, you know that the upfront cost is always going to be high. New cars are priced higher compared to pre-owned models because of their clean, undamaged condition and the fact that they’re under warranty. Pre-owned vehicles, on the other hand, are priced lower since they’re not as clean and they don’t come with a warranty. Because of this, certified pre-owned vehicles are the cheapest way to drive new.
If you can find a good deal on a pre-owned car, it’ll cost you much less than if you purchased a new one. And if you have to repair your car in the future, you’ll save a lot of money on parts and labor because certified pre-owned vehicles are cheaper to repair.
Warranty
Pre-owned vehicles or CPO programs come with warranties so you can rest assured that you’re not getting ripped off. This is especially handy when buying a used car because there’s no telling whether or not you’re getting a good vehicle. If a salesman is selling you a used car without a warranty, it’s probably because he knows something is wrong with the car and doesn’t want to fix it. Pre-owned vehicles, on the other hand, have a vehicle warranty that lasts anywhere from a couple of months to a couple of years.
Pre-owned vehicles or CPO cars come with manufacturer warranties, while used cars do not. When you buy a used vehicle, you have no idea whether or not it will break down on the side of the road, leaving you stranded with no way to get home. Pre-owned vehicles, on the other hand, come with manufacturer warranties that cover everything from the engine to the tires. If something breaks with the car, you can take it back to the dealership that you bought it from and have it fixed for free.
Pre-owned vehicles also come with extended warranty coverage, so if something breaks with the car after the manufacturer’s warranty has expired, you can get it repaired for free. A new vehicle warranty is extremely helpful if you’re on a tight budget because it means you won’t have to worry about paying for expensive car repairs.
Depreciation
Certified pre-owned car usually depreciates less than non-cpo vehicle. This is because when you buy a used car, it’s already been driven down in value. Pre-owned vehicles, on the other hand, are in pristine condition and have only been driven by one owner. When you buy a pre-owned vehicle, you get to pick which year and model you want, meaning that you can pick a car that has depreciated less than others.
Pre-owned vehicles have already lost some of their value once before you bought them, meaning that they have less to lose. While a used car will lose a similar amount in value every year – sometimes more, sometimes less – a pre-owned CPO vehicle has already lost value, meaning it will depreciate less. Pre-owned vehicles hold their value better than used cars, making them a smarter choice for those looking for a vehicle with a low cost of ownership.
Confidence in Knowing You’re Not Being Scammed
Pre-owned vehicles come with a clean title. When you buy a used car, you don’t know who the previous owner is and whether or not they were trustworthy. Pre-owned vehicles, on the other hand, are bought from a car dealership and come with a clean title. They go to thorough inspection before being sold to other people.
Pre-owned vehicles or vehicles in the CPO program, especially those bought from the dealership, come with a CARFAX report that you can use to look up the history of the car. This report will tell you if the car has been in any accidents or has been flooded or salvaged. It will also tell you the mileage and all of the repairs that have been made to the car in the past few years. Used cars, on the other hand, do not have CARFAX reports, which means that you don’t have any idea what kind of history they have.
Conclusion
CPO vehicles are the best value for your money because they’re cheaper to buy, come with warranties, and are more reliable than used cars. Pre-owned vehicles also hold their value better than used cars, meaning that it will be easier to sell them once you’re done with them. Pre-owned cars are a smart choice for anyone looking for a reliable vehicle at a low price.