Magazine Finds Good Reasons to Consider Factory-certified , Used Cars
Certified used cars offer consumers added peace of mind-and a higher sticker price YONKERS, NY - Last year, auto dealers sold almost 700,000 factory-certified used cars, up roughly 50 percent from the 460,000 sold in 2000. But are "certified" used cars really worth the $300 to $2,500 premium charged by dealers? Consumer Reports examines the pros and cons of buying certified-used vehicles in a story included in the newly-released Used Car Yearbook for 2002. The publication, which costs $5.99 in the U.S., is part of the respected Consumer Reports' Cars series of special automotive publications. "There are some good deals out there today on late-model, low-mileage used cars. Opting for a factory-certified used car can help alleviate the danger that you'll end up with one that's a lemon," said Consumer Reports Automotive Editor Rik Paul. The certified-used car story is available free online at www.ConsumerReports.org. Dealers take a series of steps to help ensure that only better-quality used cars are included in manufacturer-certified programs. Riskier vehicles, such as those with high mileage or questionable titles are culled from the start. All manufacturer programs require that candidate cars be under a specified age and mileage, typically no more than five years old with less than 60,000 or 70,000 miles. "Dealers have an incentive to select only the best-maintained, lowest-mileage cars available: They want to be able to minimize the investment they have to make to bring the car up to snuff," Mr. Paul explained. The major added value to the consumer is the certification's warranty, according to the story in the Used Car Yearbook. If you know that you are buying a well-maintained car with a good record of reliability, then you aren't taking much of a risk if you skip the certification route. But you should still have the vehicle thoroughly inspected by an independent mechanic. If you are contemplating a used vehicle with a less-than-stellar reliability history, or if you just want the peace of mind a warranty brings, then a certified vehicle may be worth the extra cost. Warranty details vary a lot from program to program. Look for the longest and fullest warranty you can find. The assurance that you're buying a cream puff rather than a lemon comes down to the record of the manufacturer and the competence of the local dealer at spotting and fixing any problems. When considering any such car, ask the dealer some specific questions: * Is the vehicle covered by a manufacturer-certified program or by a third-party plan sold by the dealer? * What does the warranty cover, and for how long? * Is there a deductible? * Is the warranty transferrable? * Who provides the service under the warranty? * The Used Car Yearbook ($5.99 U.S./$6.95 Canada) is available everywhere magazines are sold. It covers 256 cars, minivans, sport-utility vehicles, and light trucks and includes exclusive ratings, reviews, and reliability data. The publication also features lists of outstanding deals on used cars, tips on what to consider when choosing a set of wheels for a teen driver, and the Consumer Reports' Safety Assessment, which compares crash protection, accident-avoidance capabilities, and overall safety for 94 vehicles. The Used Car Yearbook can also be purchased online at www.ConsumerReports.org/usedcars. Also on sale there is the 240-page Used Car Buying Guide for 2002, which sells for $9.95. Car buyers can also visit www.ConsumerReports.org. The web site's free area contains extensive information on buying a car, checking a used car, and interactive tools to help you buy or sell a car. New for 2002 is an interactive tour of the dealership experience that's designed to take some of the anxiety out of the car-buying or car-leasing process. Site subscribers pay just $3.95 per month or $24 per year ($19 for Consumer Reports subscribers) to access additional features, including CR's Forums; unique reliability histories for 1,300 used cars; and ratings, recommendations and advice on hundreds of cars and trucks. Consumer Reports New and Used Car Price Service provides all the pricing information and advice a consumer needs to get the best deal on virtually any vehicle. Buyers simply call the service toll free at 1-800-395-4400 and provide the year, make, model, and trim line of the vehicle they want to buy. Or, they can order online. Complete pricing reports with detailed reliability information and advice on negotiating the best deal are available online, or by fax or mail. New-car reports cost just $12. Consumer Reports is one of the most trusted sources for information and advice on consumer products and services. Its editors have decades of experience in driving, testing, and reporting on cars. -
