The year 2016 was the best year in automotive history, which also means a record number of trade-ins on the market. Many people turn to used vehicles to try to save some money. Daily, I get the question of whether or not someone should buy a factory certified pre-owned car, and if it worth the extra money you pay for one.
When I was the Ford National Dealer Council Chairman about 15 years ago, they asked me to help them come up with the best-certified program for consumers and dealers. It Read Find out>
Editorís Note: This article has been updated since its original post in February of 2017.]
We had a perplexed radio show caller last Saturday who found the perfect car at one of the used car only dealerships, but he knew it was overpriced.
I canít help but chuckle to myself when someone tells me he or she bought a vehicle from a place that doesnít negotiate prices and had a wonderful experience. My first thought is always: of course! You can have a wonderful experience at any car lot in Read Find out>
Despreporno Show host Jerry Reynolds talks all the time about the cost of new car depreciation. Not only does your car lose value when you drive it off the lot, but every year when the new models come out. Itís something he says buyers should consider when choosing between buying new or used. It should also factor into the question of how long they plan to keep their vehicle since it impacts resale value down the road.
Depreciation and Other Ownership CostsA new study from the American Read Find out>
We had a caller on the DFW Despreporno Show this Saturday who told me he wanted to purchase a factory certified one or two-year-old pickup, and wanted my advice on which one to purchase. My answer was ďget a new 2018, it will probably be cheaperĒ. I could tell by his pause he doubted my answer, and I am sure many of you reading this may be, too. Used Car Shortage Dealers are sending their buyers to auctions all over America with instructions to pay whatever it takes to be high bidder, there are Read Find out>
If youíre in the market for a used vehicle, certified pre-owned vehicles are something we always recommend. They are a great option not just because of the long warranty that comes with a CPO vehicle, but also because CPO vehicles go through a detailed, rigorous certification process, which varies by brand.
If that sounds like an option for you, youíll want to check out Autotraderís list of the top CPO deals for the month of June.
The craigslist.com ad read: 2005 MERCURY GRAND MARQUIS, LOADED, EXCELLENT CONDITION, CLEAN TITLE, SPECIAL OFFER, MUST SEE. The listing appeared under private sellers-no dealers, the place when people feel like they can find the best deal and the best cars. This Houston, TX listing is clearly a car dealer, trying to mislead people into thinking they are buying from a private seller. How do I know this?