Of course, that peace of mind that a certified preowned car gives you comes with an a price tag. They are typically 10% more expensive than an uncertified car from any old used car dealership. And they'll cost you 20% more than if you bought them from individual sellers. But many times, the thousand dollars or so that you pay a certified program is well worth it. It allows you to buy a used car with confidence and save thousands over the price of new car.
But not all certified pre-owned programs offer you the same level of confidence or coverage. One car manufacturer may offer you a very generous 6-year guarantee, roadside assistance and even reimbursement for a loaner, while another dealer may offer you just 10,000 miles and nothing else. You'll need to do a little research to find out about the programs that make the most sense for you. the used car buying guide at Edmund's has detailed information.
When you are out there trying to judge one choice of car against another, the kind of terminology they use to describe their offerings can often be very confusing. What do you do if you are confronted with what seems like a very good deal, and the car has a sticker on it that says that it is Dealer-Certified? That's just the same thing as "certified preowned", right? Not exactly. When you buy a certified preowned car, it's the manufacturer of the car who's doing the certifying. Those tests are far more comprehensive, and you can trust a large company to do the right thing most of the time. There's only one way to be sure what exactly you are getting. It's only a dealership attached to a specific manufacturer that is ever allowed to sell certified preowned. An independent car lot will never sell manufacturer-certified preowned.
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