While new vehicles come straight from their manufacturers, used cars have a variety of origin stories. Some were driven for years before being traded in to dealerships, while others survived floods or were only operated occasionally. Purchasing a used car offers numerous benefits, including a significantly lower price tag, so long as you do your homework. If you plan to buy a used car or truck for the first time, read on to avoid driving off with a clunker.
4 Frequently Asked Questions About Purchasing a Used Car
What is the difference between used and certified pre-owned?
Certified pre-owned vehicles undergo meticulous inspections and repairs. They are certified by their manufacturers and typically come with maintenance plans, roadside assistance, and extended warranties. Most factory-certified pre-owned vehicles have less than 80,000 miles on them and are 5 years old or younger. Standard used cars do not receive inspections and repairs before they are put up for sale, nor do they come with maintenance programs and warranties.
Why is the vehicle history report so important?
Whether you plan to purchase a CPO or standard used car, review the vehicle history report first. These reports use vehicle identification numbers to provide information about the car’s past owners, as well as accident, maintenance, flood, and title history. Vehicle history reports also detail any liens on the car and whether it has airbag or odometer setting issues. Do not move forward with your purchase if the dealer does not provide this information.
Is it better to buy from a dealership or a third-party seller?
While there are plenty of reputable third-party sellers, it’s generally better to buy from a dealership. Unlike individual sellers, it’s possible to research dealership credentials. Many dealerships also sell CPOs so you know you are getting a like-new vehicle — something third-party sellers cannot guarantee.
What fees can I expect?
Standard used car dealership fees include title and registration transfer fees, as well as state sales tax and documentation fees for processing paperwork. Title and registration fees are usually between 1% and 3% of the vehicle’s cost, while state taxes vary accordingly. Documentation fees are typically between $150 and $300. Some dealerships add fees of their own, including advertising, markup, preparation, and pinstriping fees among others, most of which you can contest before you buy.
Find the perfect used car for you at Jack Kain Ford Inc. — the family-owned Ford dealership serving Central Kentucky. Based in Versailles, expect honest, fair, and upfront pricing as well as a friendly and knowledgeable team when you shop here. Call (888) 685-1211 with CPO questions or review their inventory online. Keep up with the latest sales and specials on Facebook.