If you’re shopping for a budget-friendly vehicle, you may have considered a Certified Used Car. As with any major purchase, it’s important to evaluate the pros and cons of this option before going this route. Below, we’ve outlined the pros and cons of Certified Used Cars so you can make an informed decision.
Pros
A Warranty is Included
Many used cars don’t come with warranty coverage. Certified Used Cars do so if something breaks during the warranty period, you’re not on the hook for it. This can give you some much needed peace of mind.
An Inspection Has Been Performed
When you buy a used car, you may not truly know what kind of shape is in and face an unwanted surprise down the road. Since all Certified Used Cars undergo a rigorous inspection process, you’ll know exactly what you’re buying.
Financing Deals Available
With a used car, you can negotiate with a private party, dealer, or another lender. If you go with a Certified Used Car, however, you’ll likely be offered a low-interest financing deal right off the bat.
Cons
More Expensive
Compared to a traditional used car, a Certified Used Car is more expensive. Manufacturers have to pay for warranties, inspections, and refurbishing so you can expect to dish out some extra cash for these conveniences.
Only Available at Dealerships
There’s no such thing as getting a Certified Used Car through a private party so you’ll have to go to a dealership if you want to go this route.
It’s Still Used
While a Certified Used Car is a step above a traditional used car, you can’t ignore the fact that it’s still used so you may not get the latest and greatest features and there still may be something wrong with it, even if it gets inspected.
Now that you are aware of the pros and cons of Certified Used Cars, you’re in a better decision to make a smart purchase.
