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New or used cars? Which will you choose to buy? There are advocates on both sides. On the one hand, new vehicles run better, are more fuel efficient, and have fewer maintenance issues. On the other hand, pre-owned cars offer significant savings in purchase price. Certified pre-owned purchases can be the best of both worlds. New cars have a special place in the heart of a driver. They are stylish and can be a status symbol. They come with extensive and comprehensive warranties. Some manufacturers offer additional service packages as well. They are often eligible for special financing terms, such as a 0% APR. They even have the new car smell. However, new autos are also expensive. Even the most basic new model can cost over $10,000. Financing a new purchase or lease may require a commitment of as long as six or seven years. New vehicles depreciate rapidly over the first few years of ownership as well. Insurance premiums tend to run higher since more value is at risk. Pre-owned cars can offer significant cost savings. A used car with a responsible owner and low mileage can last for a decade or more. However, establishing an automobile's history can be difficult. Service records may be unavailable. Banks have stricter limitations on their loan parameters for used vehicles as well. Promotional financing is rarely offered, and warranties often run out. But what if there was a middle ground? Manufacturers and dealerships identified this need and are now offering an option on used cars that offers many of the benefits of new vehicle ownership. The option is a certified pre-owned vehicle. The manufacturer establishes a strict inspection and certification for low-mileage used cars with clean title histories. Certification adds a small bump in the price but usually extends the manufacturer's warranties as well. Sometimes, certified vehicles qualify for promotional financing too. Most of the cost savings are retained and yet many of the benefits of new automobile ownership are added. The debate between whether to buy new or pre-owned will continue. New units will remain the choice for buyers who are not particularly sensitive to price and value convenience. Used autos will continue to appeal to buyers who understand the ownership risks but value the price savings offered by used autos. For the many people who fall between those categories, certified pre-owned vehicles now meet that need. Price-conscious buyers now have an option that offers many of the perks associated with new vehicle purchases. These include extended warranties, service plans, and promotional financing. So let the debate go on, but remember that there's a third choice. When looking for used cars, Mobile, AL residents visit Dean McCrary Volkswagen. Learn more at http://www.deanmccraryvolkswagen.com/cpo-incentives.htm.
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