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Some people hear the term "used cars" and picture a beat-up old auto with rust, missing tire rims, and a for sale sign that reads "cheap" on the front windshield. While there are a few clunkers out there, you are also sure to find quite a few well-maintained vehicles to choose from. Many automobile dealers carry what are called "certified pre-owned" vehicles. A licensed mechanic certifies these vehicles as being in acceptable condition, and the dealer usually includes a warranty. Let's take a look at the benefits of buying used cars. Assortment When you buy a pre-owned automobile, you're not limited to just a few models that have been released in the past year or two. You have a nearly endless variety of vehicles to choose from. For example, let's say you're in the market for a four by four truck. When buying used, you have dozens of models to choose from, with a plethora of options available. The Internet Nearly every car dealer has a website in which you can view customer reviews about the purchased vehicle. J. D. Power and Associates mails a questionnaire to vehicle owners to ask them how they rate their automobile, and these results are available on the company's website. CarFax is also a company that allows you to access a car's history. The Internet allows buyers to find more information about prospective models than ever. Price On average, a used car price will be somewhere in the vicinity of $5,000 to $10,000 less than new according to how it has aged. Typically, a loan for a pre-owned automobile will be slightly higher than one for new. Today's average rates are a 36-month used loan at 5.15% and a new loan at 48 months for 4.27%. New Car Fees Buying used means you avoid any new fees attached to the price. These fees include a destination fee, which means paying the trucking company to deliver your purchase to the dealer. An advertising charge has also become a common practice. This is when regional dealer cooperatives attach fees to support promotional campaigns. Buying "certified" pre-owned means a fee to support paying the mechanic to perform any needed maintenance, but this is a common and accepted practice. Depreciation Anyone who has bought new is familiar with the vehicle's loss of up to 40% of its value in the first year. When this happens, you may need what is called GAP insurance coverage. This is to cover the difference between the amount you owe and the actual worth, which means more money out of pocket. If you never thought of giving any serious look at used cars, you should. One of the best places to view different models is to visit your local dealership. Go online today or visit an automobile dealership near you to see what options and prices are available. When considering cars, Springfield residents visit Freedom Chevy. Learn more about them at http://www.freedomautosonline.com/inventory.aspx?newused=U.
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