Buying any car, new or used, is a risk. Machines are not perfect, things break/malfunction and sometimes need repair. That is why I try to steer people into “Certified Pre-Owned” vehicles whenever possible. But what is a CPO car and when is it a good deal? If you purchase a new car you have the protection of the manufacturer’s warranty for a few years, if and when hiccups occur. While pre-owned vehicles can certainly save you money over new, they don’t always offer the same level of warranty coverage. But how is a certified pre-owned car different from just a “used” car? Let’s break it down. Certified by whom? The word “certified” gets tossed around a lot on dealership lots. The idea behind it is to offer a little more peace of mind for those buying a pre-owned vehicle. But not all “certifications” are equal. There are basically two types of certification: Manufacturer certified and dealer certified. Most of the CPO … [Read more...] about What Is A “Certified” Pre-Owned Car?
Most reliable pre owned cars
When a person goes to purchase a brand new car, the resale value of the vehicle is not something that crosses his/her mind. However, when the time comes to switch to a better ride, the resale value of the car becomes the number one priority especially as depreciation varies from car to car. A car that depreciates like a falling stone usually doesn’t have a huge demand in the second-hand market and the owner ends up taking a big hit when the time comes to upgrade. Similarly, a car that depreciates less over the same period of time usually has a whole lot of admirers looking to buy a used version and are therefore easier to sell and fetch a whole lot more money. So how exactly is the resale value of your affected? Let’s take a look at three major contributing factors that can determine whether your car will sink or hit the jackpot in the second-hand car market. Availability (demand-supply ratio)The biggest reason for a car to do well or flop in the second-hand … [Read more...] about 11 cars with the HIGHEST resale value: Maruti Swift to Hyundai Creta
About once a week I come across an article that claims to give “car buying hacks,” or purports to tell “secrets the dealer doesn’t want you to know.” While some of this advice is helpful, other tips are just blanket statements that maybe won’t result in you getting the best deal. Here are some “rules” that get tossed around quite often, but aren’t always helpful. Never Buy New I’ve covered this topic before, but the maxim persists. The concept is based on the fact that cars depreciate as soon as they drive off the lot and therefore a used car will be cheaper than a new one. The reality is that the potential savings are dependent upon the car and the market. Often I’ll get customers who aren’t really in the market for a used car and intend on buying new, but then they say “If I can save a few grand by getting 1 or 2-year-old version, with low miles I’ll do that.” Typically, lightly used luxury cars … [Read more...] about These Outdated Car Buying Myths Are Costing You Money
Just as new car shoppers do, used car shoppers want the best car they can buy at the lowest price. But used cars are evaluated differently than new cars, and CarGurus thinks it has the answer. “With our Best Used Car Awards, we’ve identified the vehicles that stand out in their categories in terms of value, quality, and availability,” said Matt Smith, Senior Editor at CarGurus. “For people shopping for a great used car, these award winners are definitely worth a close look.” The online automotive research and car buying company has divided the used car marketplace into 10 different categories, and has analyzed recent-year used vehicles in terms of their long-term value retention, popularity and availability, driver satisfaction, and expert reviews. In each of the 10 segments, it names three award winners, for a total of 30 models. In the interests of full disclosure, I have been a contributing writer to CarGurus for half a decade, reviewing many of the … [Read more...] about What are the best certified pre-owned (CPO) used cars, SUVs, and trucks? We name 10 high-rated models
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by Wheels ByTom Voelk April 19, 2018 The only thing more tearful than the goodbyes of dropping a freshman off at college are the four years of tuition, rent, food and books that follow. The College Board pegs the average annual cost, over all, at in-state institutions at $25,290. If your student is turning the tassel this spring, congratulations. Your checkbook deserves a well-earned breather. It might have to endure one last flogging, though. Should that sheepskin result in a job (and let’s hope so!) a vehicle may be needed. Or maybe you have a high school graduate who will be commuting to college, or one diving straight into the working world. Sending them off with a solid automobile is a terrific — albeit extravagant — graduation gift. Even if it’s simply a hefty down payment to get them … [Read more...] about Cars That Will Get Your Grad Down the Road of Life