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If you’re looking at possible vehicles to upgrade your ride, have you considered looking at used cars? Whether it’s pre owned or certified pre owned vehicles, buying used cars can save you a lot of money in the long run. But what are some of the benefits of buying used, what should you look at in your next vehicle and is it worth the extra cost to buy certified pre-owned? We’ll help you answer all these questions and more.
Let’s start by taking a look at some of the benefits you’ll realize when purchasing used cars, used trucks or used SUVs. To start, they cost less! Car value depreciates, often dropping in value by up to 50% in its first three years of life, while paying higher insurance, sales tax and often times registration. For all the perks, you’ll pay a lot for them, whether it’s lower financing, warranties or free maintenance service.
You can get a lot more for your money when you buy used trucks and used SUVs. Instead of buying a base model new, you can enjoy a premium trim of the same vehicle that’s only a few years older. But what about a warranty? If you buy a certified pre owned vehicle, you can receive a warranty as well as a vehicle that’s been gone over carefully. Even most used vehicles can have a warranty added to them by third-party vendors.
Used cars also offer a lot more variety than the usual 350 new models offered annually in the U.S. If you want a car that is no longer in production, a great used vehicle may be the approach to take. What’s more, there’s a lot more data to back up your purchase decision for vehicles that have been on the road a while, allowing you to avoid those exploding tires or terrible transmissions. Aftermarket communities make it simple to figure out how to handle basic repairs and maintenance, saving you even more money.
Speaking of data, that information is used in a range of ways to improve your chances of buying a great used vehicle. Vehicle history reports allow you to avoid the risk of buying a salvage vehicle. Data used in vehicle testing is why we no longer have vehicles with 5-digit odometers, because cars last a lot longer, often into multiple hundreds of thousands of miles.
Now that you understand the benefits of buying used, what kind of vehicle do you need? Start by considering what you didn’t like about your last vehicle. Does it not have enough interior space? What about storage? Maybe you’ve got three kids fighting over two cupholders in the backseat. Not enough power to get you out of bad weather conditions? Whatever your reason, start by considering what you want to change in your next vehicle.
Next, consider any changes in your life that should impact your decision. Have you recently gone all-remote with work and are planning on buying a travel trailer to see the country? You’ll need to step up to a tow vehicle, typically used trucks or used SUVs. Serious illness or aging parents in the family requiring a lot of travel in the foreseeable future? Consider an economical hybrid to get the most out of your gas purchases. Adding to your own family? Change that coupe out for a sedan or crossover.
Planning a move in the near future? You may not need all-wheel drive in the desert, but you certainly will in the mountains. Like to go mountain biking with friends on the weekends? Look for something with a receiver hitch already installed for hauling your other wheels. Want to move out to a hobby farm? Get a light-duty truck to be able to handle those feed sacks and hay bales. By taking the time to figure out what features and tasks you’ll need to have, you can hone in on the perfect vehicle for you.
Certified pre owned (CPO) vehicles are late-model used trucks, SUVs or cars that have had a thorough reconditioning and inspection process. This allows them to have a factory-backed limited warranty. Dealerships will often sell CPO vehicles to provide reliable vehicles at a more reasonable price than new. They often include new-car benefits such as maintenance, roadside assistance and loaner car access.
Typically, cars that qualify are returned leased vehicles or newer trade-in vehicles that meet specific requirements, such as being within a certain number of years old, having under a certain number of miles on the odometer, having an issue-free vehicle history report and a clean title. If a used vehicle is accepted into the program, a factory-trained technician will perform an extensive inspection to ensure it meets or exceeds the program requirements. Any parts that are problematic or worn are replaced or repaired to bring the vehicle as close as possible to as-new condition.
The vehicle is then available for sale under the terms of the certified pre owned program, with a range of additional benefits typically including a warranty and low-interest financing rates. You’ll typically see higher prices because of this work that has been performed, but it’s usually only about 5-7% higher than similar used cars on the market, with luxury vehicles running slightly higher, though the price is negotiable.
When it comes to variety, you’re sure to find a used Chevrolet that fits the bill. From SUVs like the Suburban, Tahoe and Traverse to more crossover-like vehicles such as the tiny Trax, Equinox, Blazer and Trailblazer, you can hit the trails or just enjoy a quick jaunt across town. The Colorado, Silverado and Silverado HD create a lineup of amazing used trucks to get the job done. The Bolt electric vehicle keeps you moving through daily life, while the Spark and Malibu deliver compact and fully comfortable options to take you through your routines. The Camaro and Corvette show their muscle car roots in an enjoyable, hard-hitting drive, while Express vans make it easier to keep your business moving.
Chevrolet’s certified pre owned program adds a 12,000 mile/12 month bumper-to-bumper warranty to the existing warranty, or acts as a new warranty if your vehicle is past the expiration of the factory bumper to bumper warranty. You’ll also receive the rest of the 100,000 mile/6 year powertrain warranty, and the program can be transferred to future owners. There is no deductible, you have three days to bring it back if you’re not happy with it and there are often special offers for vehicles in the program.