Whether you buying a used car or a new car, you need to know the advantages and disadvantages of both options. This section focuses on buying a used car experience and provides additional information you need to know.
Why buy a used car from a dealer?
If you are looking for a used car there are many things to consider. If you buy from a private party, you never know exactly what you are getting but you will usually pay less then from a dealer. Buying a used car from a reputable dealer has many advantages. There are very strict laws governing what the dealer must do and inspect before they can sell a used car. Learn the difference between dealer pre-owned vehicles.
What is a used car really worth?
You can get a price range for used cars by looking on line and in the local newspaper for general price ranges. No two used cars are the same, even if they are the same year, make, model, color, mileage & equipment, they have been driven differently and maintained differently and therefore will be in different condition. The condition of the automobile will have as large an impact on the price as all the other factors combined.
What is a program car?
Program cars are usually used cars that have been in car rental service and then sold at auction. Usually these automobiles are late model, low mileage, in good shape and carry the balance of the factory warranty.
What is a certified used car?
Certified used cars can be a trade-in, program car, or a lease return. When the dealer receives them in to inventory the service department does a rigorous inspection. If after the inspection they can bring the automobile up to the factory standards for certification, they will. At that point the factory usually offers a special certified used car warranty. Certified used cars tend to be late model, in great shape and a little more expensive than a non-certified used car.
What are trade-ins?
Trade-ins are cars that customers trade to the dealer for a new car. Most dealers are only able to keep 3 out of 10 trade-ins as the others require too much reconditioning, have too many miles, or are just too old. New car dealerships will sell the automobiles the do not want to used car wholesalers who then dispose of them properly or re-sell them.
What is a Lemon Law buy back?
“Lemon Law Buy Backs” are automobiles that the manufacture has purchased back from an individual under the lemon law. The manufacture then fixes the problem and sells them at auto auctions as used cars (Fully disclosed). We recommend that you stay away from these. If the problem was that easy to fix, they would not have had to buy it back in the first place. Usually these are presented as a “Spectacular deal” however, buyer beware! For more information on lemon law visit our consumer section by clicking here.