The Cost of Financing A Used Car Vs. A Certified Used Car

If you want to finance a used car, keep in mind that the programs we're talking about are part of the manufacturer's certification program

. Just because a dealer advertises a car as certified does not necessarily mean that it is part of one of these programs. Any dealer can "certify" a car, since the word, itself, really has no meaning. So if you are considering a "certified" car from your local dealer, be sure it certified under the factory program. If not, you may be required to pay for any repairs up front and submit the receipts to an outside warranty company for reimbursement a process that can be a hassle.

Certified used cars are usually more expensive than their non-certified counterparts. The costs of an inspection, the required replacement of warn and/or defective parts as well as a fairly expensive service contract all add to the price of any CPO vehicle. Before you finance a used car that is certified, it makes sense to do some research and compare the selling prices of both certified pre-owned vehicles and their non-CPO counterparts (priced with a comparable warranty from a reputable warranty company).

The Cost of Financing A Used Car Vs. A Certified Used Car

By: autocreditexpress

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