used cars vs. certified pre-owned vehicles: understanding the differences

Used Cars vs. Certified Pre-

Owned Vehicles:Understanding The Differences

Jack Key Auto GroupEl Paso, Texas

Certified Pre-Owned: A Commitment To Quality

When auto consumers purchase a used vehicle, they take a gamble. There are few, if any, guarantees of reliability or durability. Certified pre-owned vehicles offer auto consumers used car prices with new car guarantees.

Certified pre-owned vehicles undergo rigorous inspections and are certified to be in excellent working order, with any problems repaired by the dealer. Certified pre-owned vehicles may also come with a dealer or manufacturer warranty.



Why Used Cars Are PopularThere’s a vibrant market for used vehicles in the U.S. Each year, auto consumers in the U.S. purchase more than 40 million used cars, more than three times the number of new vehicles sold. Consumers like used cars because:

- They’re less expensive than new vehicles.- Value depreciation is less for a used car than a new car.- Customers who could only afford a base level new car can get a better quality used

product.


What Is A Certified Pre-Owned VehicleA certified pre-owned vehicle is a used car that has been through a rigorous inspection process. Car dealers or manufacturers perform multi-point inspections and make needed repairs before certifying the vehicle. Certification gives the buyer increased confidence in the reliability of the vehicle.


Growing PopularityAccording to J.D. Power and Associates, sales of certified pre-owned vehicles have grown by more than 46 percent since 2000. Buyers of certified pre-owned vehicles like the increased confidence the inspection and certification of these vehicles provides. Pre-owned vehicles also retain value better than traditional used cars, another major selling point for these vehicles.


What The Inspection CoversMost certified pre-owned vehicles undergo a 100-point inspection. Among items inspected are:• Engine• HVAC systems• Braking• Steering• Hybrid components• Tires & suspension• And more

Jack Key Auto GroupEl Paso, TexasJack Key Auto GroupEl Paso, Texas

Many pre-owned certified vehicles come with warranties. Before buying a pre-owned certified vehicle, look into what the warranty covers as some are more extensive than others. Also check into whether the warranty is a manufacturer or dealer warranty. Manufacturer warranties tend to be more comprehensive.

Warranties


Advantages of Pre-Owned Certified Over Used Cars

Pre-owned certified vehicles may have several advantages over used cars, including:- Greater resale value.- Greater reliability.- Warranty.- Less cost of ownership due to fewer repair needs.- Potential access to dealer amenities (shuttle service, rentals, etc.) typically reserved

for new car buyers.


Dos And Don’tsWhen purchasing a pre-owned certified vehicle, it’s important to do your homework to make sure you’re getting the best possible deal. Be sure to ask:• What did the inspection cover?• Is the certification from the dealer or manufacturer?• Is there a guarantee on inspected items?• What amenities you receive for buying a pre-owned certified car?• Is there a warranty available?


About Jack Key Auto GroupJack Key Auto Group has served the West Texas and Southern New Mexico areas for more than 27 years, providing local residents with competitive prices and exceptional services. The Jack Key Auto Group includes Chrysler, Jeep, Dodge Ram; Nissan; Ford, Lincoln; Kia; Honda; and Chrysler Jeep dealerships. With helpful service and easy financing, our dealerships are the “go to” providers of affordable, quality vehicles. For more information visit http://www.jackkey.com.

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used cars vs. certified pre-owned vehicles: understanding the differences

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