Choosing a certified pre-owned vehicle over a new one has significant cost benefits. The sticker or upfront price is lower, and that’s not where the benefits end. You can expect to spend less on insurance, registration, and warranty.
Let’s explore these three hidden benefits to help you decide whether buying a used car will be worth it.
Lower Insurance Costs
The cost of insuring your car varies depending on several factors. It can be higher or lower based on location, age, total mileage, and credit score.
In the same way, a used car costs less than a new one, insuring it will be more affordable. The reason is that the premium charges depend on the car’s value.
Extended Warranty
Generally, all certified pre-owned vehicles are not new, but only some used vehicles are certified. However, the fact that a used car has yet to undergo certification doesn’t make it unreliable.
Some used car buyers have concerns about hidden issues that may manifest later. If you have such worries, go to a dealership with certified pre-owned vehicles (CPOs).
CPOs are at par with the standards the original manufacturer put in place. These cars undergo rigorous inspection, repair, and maintenance to ensure they are roadworthy. You’ll enjoy the savings of buying a used car and have the confidence that you’re buying a reliable vehicle.
Certified pre-owned vehicles and their programs differ by manufacturer or dealership. Some cars have a factory warranty, while others have a dealership warranty or both.
The best part about this warranty is that you won’t incur additional costs. Furthermore, all vehicles undergo a thorough inspection and pass the certification. You can rest assured that you’ll get a safe, affordable, and reliable car.
Lower Annual Registration Costs
The government requires owners to register their cars where they live at a specific cost. Each state determines the fee by looking at certain factors, but some have a flat rate. Some aspects are the vehicle’s horsepower, fuel efficiency, weight, age, and value.
If your state has no flat fee, registering a used car may be more affordable than buying a new one. The fee is high for vehicles between one and three years old, then drops gradually after five years.
Most states also impose annual taxes, depending on the age of your vehicle. The taxes are high for cars less than two years old and lower for older cars.
Save More with a Used Car
Buying a used car is a wise investment, and for good reason. You’ll enjoy perks like lower registration fees, an extended warranty, and affordable insurance rates.
We take pride in our impressive used car collection, spoiling you for choice. With our Million Mile Warranty program, you’ll save more on future repairs and insurance.
