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Is a certified used car a good deal to save money?

8/17/2013

3 Comments

 
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Q. Is a certified used car a good deal to save money?

A.  Yes.  It's estimated that buying a certified 2012 car could save you 15 percent or more compared with the same model as a new 2013 car.  In addition, two- or three-year-old vehicles just returned from a new-car lease can be good candidates for a certified used car.

Savings can be especially big if the current model has been redesigned. For instance, the midsize 2013 Ford Fusion SE sells for $23,085, according to Kelley Blue Book. But a 2012 certified Fusion with a four-cylinder engine and 15,000 miles is priced at $17,534 -- a savings of $4,551.

The best value is a certified program sponsored by the manufacturer, which will also set requirements on which parts of the car must be inspected and repaired if needed. 

To make sure you are getting the best deal on a certified car,follow these steps:
  1. Avoid independent used car lots and go to a franchised dealer that also sells new cars.
  2. Even at franchised dealers, make sure your warranty is backed by the manufacturer. If it is a Ford warranty, for instance, you should be able to get covered repairs done at any Ford dealer. 
  3. Ask to see the vehicle history. A good certified offering should include a report from Carfax or a competitor showing the previous owners and whether the car has ever been in a major accident.

3 Comments
used car dealer near me link
12/19/2024 01:12:19 am

Car dealers are individuals or businesses that sell cars, either as independent sellers or as part of larger dealerships. They can provide helpful advice and guidance throughout the car-buying process. Experienced car dealers can assist in negotiations, offering insight into pricing, warranties, and vehicle condition. Working with a trusted car dealer can help buyers find the right car to suit their needs and budget

Reply
IRA in gold link
12/25/2024 02:48:18 am

An IRA in gold provides a long-term investment strategy that safeguards your retirement against the effects of inflation and financial instability. With the ability to hold IRS-approved gold coins and bullion, this type of IRA offers a reliable hedge and diversification option for growing your retirement savings.

Reply
gold IRA retirement link
1/29/2025 11:09:05 pm

A Gold IRA is a retirement account that lets you invest in physical gold and other precious metals, helping protect your savings from inflation and market instability. It works like a traditional IRA but with gold as an asset.

Reply



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