Certified Used Car
Drawbacks
USA TODAY
Despite the benefits associated with
manufacturer-certified used cars, consumers still need to be careful.
Consider these potential drawbacks:
-
There are no industry standards
for certifying used cars.
-
While most experts will tell you that certification
adds value to the retail price of a used car, it does not contribute
to its eventual resale value.
-
Some financial institutions outside of the
dealership wont realize that a certified used vehicle is worth more
than a standard used car, so you may need to convince the lender to
loan you the additional amount.
-
Certification
vehicles offers no guarantee that you will
have fewer problems than a non-certified vehicle. Just because a car is certified, does
not mean that is it better than another well maintained used car.
_____________________________________________________________________________
Understand the warranty that comes with a Certified vehicle.
Most all
Certified vehicles warranties only cover the drivetrain (engine and transmission).
Many people who buy a Certified vehicle believe there is a comprehensive bumper to bumper
warranty, only to find out they are responsible for nearly all repairs. In
most cases, a used car buyer can purchase the same warranty for less than the extra money
spent for a Certified used vehicle.
It is the buyers responsibility to determine the true
condition of a used vehicle, certified or not certified. Protect yourself by having a professional unbiased
inspection performed by an Auto P. I. Master Technician before you
purchase.
_____________________________________________________________________________
Most in survey
wouldn't pay more for certified used vehicle
Automotive News
Most buyers of used cars and
trucks from dealerships place no value on used-vehicle certification and won't
pay extra for it, a new study concludes.
J.D. Power and Associates released its 2005 Used Vehicle Sales and Certification
Study in May. The study surveyed more than 15,000 people who bought 2000-model
through 2005-model used vehicles last year.
Certified used vehicles have factory warranties. They are late-model vehicles
without major damage. They get special inspections and reconditioning.
Automakers that operate certified pre-owned programs use certification as a
marketing tool.
But two-thirds of the Power survey respondents who bought non-luxury used
vehicles from dealerships said certification was of no value to them.
Three-fourths said they would not pay more for a certified vehicle than
for a noncertified vehicle of similar make and model.
Among customers in the study who bought used luxury vehicles from dealerships,
56 percent said they placed no value on used-vehicle certification.
Todd Wilson, J.D. Power's director of automotive retail research, says
automakers' efforts to market certification programs are not connecting with
consumers.
_____________________________________________________________________________
Don't Buy a Used Car With Past or Current Problems
Know the True Condition by Scheduling Auto P. I.'s
600-Point Inspection.
Home |Site Map | Privacy Policy |
Contact | Feedback
|