subject: Pre-owned Cars [print this page] A vehicle is regarded as a highly valuable possession and a significant tool in transporting goods and services. However, in the present state of the economy hit by global economic crisis, it may be really difficult to acquire a new car. One of the best methods is to get a
Pre-owned cars are an excellent alternative for a consumer who cant afford to buy a brand new one. Cars are prizeless assets that undergo depreciation with age and mileage. The greatest depreciation happens in the first two years. Therefore, if you buy a car that is 2-3 years old with low mileage, you can significantly minimize your initial expense. It would be a good option to own a car that is still under factory warranty for a while.
The consumer must always see to it that the Pre-owned car he/she intends to buy is a certified one. A certified Pre-owned car is one that has cleared an inspection by a well-trained technician. Most of the prominent manufacturers offer a certified program and their dealers will usually sell certified pre-owned models at their stores. These vehicles have to adhere to certain strict requirements to be included in the program. The manufacturer will provide an additional warranty to the consumer upon purchase of the car. Such cars will always be available in their best condition because the manufacturer will only allow a small number of vehicles to clear the certification process.
Generally, a dealer will offer the Pre-owned car when the customer's budget is less compared to the amount required to buy the particular car. In most cases, dealers take trade-ins as a form of courtesy to their new car purchasers. In such situations, the car would be transported and sold at an auction by the dealer. If the car get qualified as a certified car, then the dealer can make the necessary inspections and directly add this specific car to their pre-owned certified inventory. The dealer, thus, saves a lot of money as auction is not needed. The dealer can then transfer this to the customer through an increased trade-in value.
