What You Should Know About Used Cars

A used car, a pre-owned vehicle, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, leasing offices, auctions, and private party sales. Some car retailers offer “no-haggle prices”, “certified” used cars, and extended service plans or warranties. Here are more information on used cars for sale, cheap cars for sale, used car auction, local used cars, used car under 500, used car sell by owners and used cars near me.

The Best Used Cars to Buy

Whether it’s a car for your teen, a minivan for the family, or a fun sports car for buzzing around town, savvy car shoppers know it’s smart to buy used. Financially savvy car shoppers like to buy used cars because they know that new cars depreciate quickly, from 11% to as much as 30% the first year. Whether you’re shopping for a used car for your teen, a minivan for the family, or you want a fun sports car for buzzing around town, you want to get the best car for your money. CarMax, (KMX)   the nation’s largest used car retailer, has compiled several lists of best-selling used cars based on recent sales data.

Used Car Dealerships

A used car dealership or dealer is a business that sells used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary. It employs automobile salespeople to sell their automotive vehicles. It may also provide maintenance services for cars, and employ automotive technicians to stock and sell spare automobile parts and process warranty claims.

Certified Pre-Owned Car

A certified pre-owned car or CPO is a type of used car. Most often late-model, they differ from other used cars by having been inspected, refurbished, and certified by a manufacturer or other certifying authority. They also typically include an extended warranty, special financing, and additional benefits. With any certified pre-owned program, who does the actual inspection and reconditioning repairs may be significant. Both OEM and dealer-certified program vehicles are typically inspected by employees of the selling dealer—not by the manufacturer as may be assumed. Independents may employ a disinterested third-party inspector to ensure objectivity, or may allow the dealer to inspect their own vehicles. Because warranties, vehicle inspection points, and other program components will vary, prospective buyers would be wise to decide what defines CPO for themselves, by comparing the programs to determine what best represents their needs and expectations.

Used Car Certification

Used vehicle certification is the process of certifying to a warranty company that the vehicle has no issues. This has been a process that car dealerships have done for almost 50 years. In the 1990s, car manufactures began using the term “certified vehicle” in advertising. The warranties attached to a certified car are the same extended warranties dealers have offered customers in the finance office at time of sale. Penetration percentages were low so the end buyer was taken out of the decision making process and the warranty was sold from the service department to the used car department via the “used car check out or certification”.

Posted on May 5, 2023