Free Articles, Free Web Content, Reprint Articles
Friday, February 21, 2020
 
Free Articles, Free Web Content, Reprint ArticlesRegisterAll CategoriesTop AuthorsSubmit Article (Article Submission)ContactSubscribe Free Articles, Free Web Content, Reprint Articles
 

Benefits of Pre-Owned Car instead of New Car

Buying a new car is definitely more expensive than buying a used one. Two other important considerations may tip the balance in favor of used cars: certification programs and new car depreciation. Certified Pre Owned car usually covered by a warranty that extends beyond the original factory warranty. Several manufacturers offer special financing on CPO, usually lower than the rates of the loans - or new car loan rates used car typical car.

Buying your first car is an important step in your life. If you are 16 or 36, there is no better feeling than having a means of transport after buying the first car. This means that you can work when you want to go to school when you want and live your life the way you want. There are many good reasons to buy a used car, include a wide range and improve the reliability of older cars , but the big draw for buyers is that used cars is convenient.

Price
Buying a new car is definitely more expensive than buying a used one. Unless you get the financing but the initial costs of a new car will be large. Financial institutions typically require a down payment of at least 10 percent on a new car loan (but you can add more). If you pay less money up front, the monthly payment will be higher. Two other important considerations may tip the balance in favor of used cars: certification programs and new car depreciation.

Certification Programs
Trends that create buying used car the most excellent choice is the explosion of certified pre-owned programs. The idea started with luxury brands such as Lexus and Mercedes - Benz. Today, most manufacturers have implemented these programs. General benefits of CPO cars include:

  • Manufacturers often considered late - model cars trucks relatively low mileage and no history of serious damage to its certification programs.
  • Certified Used Vehicles undergo a rigid control process of mechanical and body products before certification.
  • Certified Pre Owned car usually covered by a warranty that extends beyond the original factory warranty. The warranty covers many of the same features of new vehicle warranty, such as roadside assistance.
  • Several manufacturers offer special financing on CPO, usually lower than the rates of the loans - or new car loan rates used car typical car.

Buyers should be aware that they are paying more for a CPO car for a typical car used, but the high price is worth it for care, coverage and peace of mind for buyers to receive.

Avoiding Depreciation
Once you drive the “new car off the dealership lot, its value will be reduced immediately in your first year of ownership. In conventional vehicles, expect your new car to lose at least 30 percent of their value during the first two years of detention. Refer to the guide value of used cars to get an idea of what a particular model in the future it deserves. Guides leases are another good sourceBusiness Management Articles, even if you will buy in place. Rents are calculated based on the residual value or resale.

Article Tags: Used Cars

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


If you're searching for GMC Car Dealer Villa Park, end your search at Haggerty Buick GMC. For more information on GMC inventory and their rates, please visit http://www.haggertybuickgmc.com/.



Health
Business
Finance
Travel
Technology
Home Repair
Computers
Marketing
Autos
Family
Entertainment
Education
Law
Communication
Other
Sports
ECommerce
Home Business
Self Help
Internet
Partners


Page loaded in 0.106 seconds