Buying a new car is great. You don’t have to worry about the quirks that come along with an older car that someone else has already driven. But there are plenty of reasons to buy a used car, especially when you have the option of buying a certified pre-owned vehicle from a brand like Kia. Buying used doesn’t always mean buying a car with problems. There are lots of reasons someone would sell their car back to a dealership. Trade-in programs are one of the biggest reasons—it makes buying a new car less expensive. Here’s what you need about buying a used car:
1. You’ll spend less on a car. You can save thousands of dollars by purchasing a car that has already been used. You might even be able to buy the same care that you were going to purchase new off the lot, in an older model year. New cars depreciate in value and they depreciate quickly. A survey of car buyers found that people who buy used spend around $13,000 less than those who bought new cars. Take this, for example. You could buy a car, drive it around town for a few hours, and then bring it back to the lot. That car is no longer new, even though you have owned it for only a few hours. If you were to sell it back to the dealership, they would have to sell it as a used car. Because of this, they would have to sell it at a much lower price than what you paid for it, only a few hours ago. If you drive that same car for three years, it is worth only a little over half of what you paid for it originally. Those numbers sound rough when you are buying a new car, but if you are thinking about buying a used car, they mean you can pick up a car that is perfectly functional, for much less than you would have to pay for the new version of that same car.
2. The car will probably be just as reliable. One of the biggest misconceptions about used cars is that they are always going to be less reliable than a new car. While this is likely true if you buy a ten year old car off of a lemon lot, when you buy a certified pre-owned vehicle, you are buying a car that has been thoroughly inspected, tuned, and is ready to hit the road again. Thirty years ago, it would be difficult to find a vehicle that was five years old that was just as reliable as a brand new car. Luckily, you are not trying to buy a car in the 1980s, you are buying one in the 2010s, when vehicle are built to be much more durable and last far longer than their predecessors. Most new cars have at least fifteen years in them. If you buy a car that is three years old, you’ll pay a fraction of the price of a new car and you will still have over a decade of driving time on that car. The average car drives for about eleven years without any major problems. They just last longer, which means you will pay less for repairs and get more miles than you would have ever before.
3. A certified pre-owned vehicle can be just as high quality as a new car. In order to qualify for one of these programs, a vehicle usually has to be in “like new” condition. This means that they have a low mileage, they were properly cared for by their owners, and they have had the maintenance they need in order to continue functioning properly. You probably will notice little difference between vehicles in a certified pre-owned program and brand new vehicles. Many of these vehicles are the ones that were leased previously or even were rental cars before they were sold to the dealership. Of course, there will always be some vehicles on used lots that are not in this excellent condition, but if you are looking for an even cheaper option to just get you around town, you might not need something that is in “like new” condition. Even if the vehicle is in one of the CPO programs, you might still want to check their VIN to make sure they have not been in any serious accidents.
4. Vehicle history reports make it easy to know where this vehicle has been. It is important to note that a vehicle history report only contains the information about a vehicle that has been actively reported, but this is a good way to find out if the vehicle you are considering buying has a clean history and if it has ever been in an accident. This takes away much of the fear that can come along with buying a used car and not knowing where it comes from or who drove it before you. In these reports, you will learn how many owners the vehicle has had, where the vehicle has been registered, if that vehicle has ever been in an accident or was flooded or repaired, and a validation that the number of miles on the odometer is the number of miles that should be on the odometer. With this information in hand, you can make an extremely informed decision and you won’t have to worry about whether or not you are actually buying a lemon when you are being promised a vehicle in like new condition.