Money Management

6 Reasons Why Investing In Certified Pre-Owned Cars Makes Sense

Buying a car is a huge investment. For this reason, you might be apprehensive about spending on a second-hand car because you are not sure you have a guarantee on quality. It is common to buy a second hand car only to have it quit on you after the first few drives.

However, you should not shy away from buying all second had vehicles. The key to ensuring that your investment in a second hand car will pay off is to buy a certified one.

For a used car to be certified, the manufacturer has to refurbish, inspect and then give certification vouching for its condition and roadworthiness.

Below are some of the benefits you will get from investing in a certified pre-owned car:

  1. Quality Standards for a bargain

For a car to make it to the certification program, it has to be in good shape. Car manufacturers work with specialists to select the best looking and best running used cars that will not present any problems.

After the manufacturer refurbishes the vehicle, it will have restored it to an ‘almost new’ state. To buy an ‘almost new’ car for a fraction of what you will use on a new car is truly a bargain.

  1. Warranty

An ordinary second hand car has no warranty. On the other hand, certified pre-owned cars have a warranty extension that includes a guarantee on the power train (that is, the parts that power the car and allow it to move, such as the engine)

  1. High inspection and reconditioning standards

The manufacturer stakes its brand name on the vehicle. For this reason, before release of the vehicle into the market for resale, it has to be subject to rigorous inspection.

You can therefore have the assurance that by the time the manufacturer allows issuance of a guarantee on a used vehicle, each part has undergone careful inspection and certification.

You can find out more about what constitutes a rigorous inspection by referring to the 150 or 300 point inspection lists.

  1. 24/7 roadside emergency assistance

You will get the added benefit of road side emergency service. As every car is bound to experience technical problems, knowing that you can call the manufacturer for assistance is of great comfort.

  1. Low interest car loans

Even one percent extra on a loan amount can interfere with your ability to repay your loan in the long term. A deal that offers you lower interest is therefore one to jump on.

As the car is almost in new condition, the bank will offer you a loan with better interest rates hence your loan will be significantly lower.

  1. Free servicing and Maintenance

Car maintenance can be quite costly. As your car will come with a warranty, the manufacturer could allow free servicing or free part replacements for a certain period or for a certain mileage limit. This will save you a lot of money.

Based on the above, you can see that investing in a certified pre-owned car is safe and cost-effective decision.

About the author

June Hempi has 10 years’ experience working as a loans officer. She has issued many loans for certified pre-owned cars to many satisfied customers. Read more on her website to see what she has to say.

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