Buying a Used Car

Sure, used cars may not come with that nice “new-car smell,” but a used car value is almost always the better financial decision. On average, drivers save about $200 monthly on used car payments versus new car payments. Not to mention how quickly new cars depreciate once they leave the lot! That fancy new model will drop 35% of its value in the first three years of its life, while you can still find a used car with tip-top technology, high-end packages, and aftermarket additions you don’t have to buy yourself. Whether you’re buying for yourself or a new driver in the family, a used car can be a great deal when shopping at dealerships or private sellers.
Certified Pre-Owned (CPO)
If you’re still on the fence between a new and used car, a Certified Pre-Owned (CPO) could be the key. CPO cars are fully inspected and backed by the car manufacturer’s warranty, which could protect you against defects or expensive repairs. The cost of CPO cars is typically higher than the price of a used car, but the additional coverage may be worth it.

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