Many factors should be considered when deciding whether you should buy a used or certified pre-owned luxury car. This article discusses some of those key factors that will help you to make the right choice.
What is the Difference?
A certified pre-owned luxury car is a car whose manufacturer has inspected and certified it before it is put up for sale after being owned by its original buyer. The luxury car may also be certified by an auto repair shop that is approved by the carmaker. The certification usually comes with an extension of the manufacturer's warranty on key components of the vehicle, such as the drivetrain.
A used luxury car is one that is put up for sale by its owner without taking the vehicle through any certification inspection. In other words, you are buying the car in its "as-is" condition.
A certified pre-owned luxury vehicle is likely to cost more than a used vehicle. This higher cost is likely to be due to the added expense of checking the vehicle thoroughly in order to ensure that it is free from major defects that can affect its performance and safety. It may be better for you to buy a used luxury car in case you are operating on a tight budget.
Another key issue that you should consider when choosing between certified pre-owned luxury vehicles and used vehicles is whether the manufacturer's warranty can be transferred. The certified pre-owned luxury car will have a manufacturer's warranty since that vehicle will have undergone extensive testing or inspection in accordance with the standards of the carmaker.
Different carmakers regard warranty issues differently when the luxury car changes ownership. Some allow the warranty to be transferred to all subsequent owners until the warranty period expires. Others don't allow the transfer of the warranty protection to subsequent car owners. You may opt for a used luxury car in case its maker allows the warranty to apply even after a new owner has acquired that vehicle.
It may also be helpful to consider what extra benefits come with owning the different luxury cars available. For instance, some carmakers may offer travel planning and free roadside assistance for clients who buy certified pre-owned luxury cars from them. Some used luxury cars may also have some extra benefits that you may enjoy. Compare the total package that each option offers before you make your selection.
As you can see, it may not be easy to decide whether it is better to buy a certified pre-owned luxury car or a used one because purchase and warranty terms differ. It is therefore advisable to consult a supplier of luxury cars in your area so that you compare the two options for the particular model or make that you wish to buy.