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Certified Used Car
Drawbacks
USA TODAY Despite the benefits associated with
manufacturer-certified used cars, consumers still need to be careful.
Consider these potential drawbacks:
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There are no industry standards
for certifying used cars.
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Dealer inspections may not be
comprehensive or performed by their best technicians. -
While most experts will tell you that certification
adds value to the retail price of a used car, it does not contribute
to its eventual resale value.
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Some financial institutions — outside of the
dealership — won’t realize that a certified used vehicle is worth more
than a standard used car, so you may need to convince the lender to
loan you the additional amount.
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Certification
vehicles offers no guarantee that you will
have fewer problems than a non-certified vehicle. Just because a car is certified, does
not mean that is it better than another well maintained used car.
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Understand the warranty that comes with a Certified vehicle.
Most all
Certified vehicles warranties only cover the drivetrain (engine and transmission).
Many people who buy a Certified vehicle believe there is a bumper to bumper
warranty only to find out they are responsible for nearly all repairs. In
most cases you can buy the same warranty for less than the extra money you
spend for a Certified used vehicle.
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