4 Reasons Why You Should Buy a Certified Pre-Owned Vehicle Instead of a New One #CP

Are you in the market for a new vehicle? Are you torn between buying a brand new vehicle and a used one that’s in near-perfect condition? If you are seriously considering buying a used vehicle, then this blog post should help you decide on the best one for you. 

Whether you’re buying a personal or family car, the reality is that buying a certified pre-owned vehicle makes the most financial sense for new car shoppers. This is because a certified pre-owned car offers a better deal as well as the best of both worlds for the intending buyer.

They are Cheaper and More Affordable

Brand new vehicles are often very expensive compared to used vehicles. This is what makes buying a certified pre-owned vehicle a smart financial choice. Most of the time, the certified pre-owned is still in near-mint condition when the second or third buyer purchases it. 

This makes it a very budget-friendly option. So it's kind of the middle ground that offers you the benefit of saving a lot of money –usually thousands of pounds, while still offering you the extra benefit of a great performance. 

Certified pre-owned vehicles have had one maybe two previous owners and the cars usually have less than five years of usage on them. They offer the sweet spot between good value and high functionality.

It's Usually a Good Investment

Whenever people buy new cars, it starts losing its value rapidly –a car driven off the lot loses 5-10 percent in its first week. In fact, it appears that you can lose as much as 40% of its value within the first one to two years after purchase. 

However, after those first two years, the depreciation drastically slows down. So it's possible for a vehicle to still cost the same amount in its third year as it does in its fifth or sixth year, minus a few hundred pounds. Just know what to look for when buying a car. 

You Pay Less Insurance

Although newer vehicles are often considered to be in fantastic condition, insurance companies still tend to charge them higher premiums. This is understandable because the cost of repairing a brand new vehicle if it gets into an accident is usually higher and the cost of fixing a used one. 

So one of the things you will notice after purchasing used cars is significantly lower monthly premiums for a pretty solid car. This translates into further savings in addition to the huge amount received when you bought it as used.

May Still be Covered By Warranty 

If you were worried about the warranty on certified pre-owned vehicles, don't be. Most certified pre-owned vehicles tend to be still within the warranty period because the buyers tend to trade them in within the first two to three years of owning them. 

This means that vehicles with 5-year warranties typically have the manufacturer's warranty still covering them. So when you purchase a certified pre-owned vehicle, you can be sure but they’re probably still covered by the manufacturer's warranty.

These are just some of the many benefits that buying a used car provides. As a financially savvy person, buying a used car –preferably a certified pre-owned one – is always the smart choice. Good luck with your car purchase.

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