As the owner of a car, you want to do everything in your power to safeguard your investment. One way that you can do this is by purchasing a certified pre owned vehicle. These cars offer many perks and benefits, not the least of which is the warranty provided for each car. If you are looking to buy certified pre owned vehicles, then this article will provide you with valuable information on how these cars work and the benefits they offer.
The Benefits of Owning a Certified Pre Owned Vehicle
Not only do certified used cars provide you with legal protection against any problems that your car may have, but they also provide you with monetary benefits. These include the following:
- Money Back Guarantee -If within 90 days of purchase, your car has major mechanical problems, then you can get your money back.
- Warranty Protection -Should something go wrong with the car after 90 days, then the warranty will cover the cost of repairs.
- Extended Warranties -There are additional warranties that can be purchased for your car that will ensure that it remains in perfect condition.
What You Need to Know Before Buying a Certified Pre Owned Car
To be eligible to buy one of these cars, you will need to know the following:
- The Identification Process -If you are purchasing a certified vehicle from an individual, then you must use an ID number and report the current odometer reading and any other changes in the mileage.
- The Used Car Information Report -A second document will need to be filled out if you are buying from a dealer. This report will include the vehicle identification number, the purchase price of the car and any modifications to it.
- The Warranty Coverage– Certified pre owned cars come with a warranty that you can use to replace any damaged parts or pay for repairs should your car have problems.
Certified Pre Owned Cars and Taxation
One of the benefits of certified pre owned cars is that they are not taxed as much as new cars. However, this does not mean that you will pay less in taxes when you purchase one.
The reason for this is that the government expects that the cars be sold to someone who would have bought it new, so they must be taxed based on their fair market value.