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Buy a New or Used Car Advice |
Buyer's Advice "late-model used car is always a better value than a brand new car"
Used cars are a smart buy because of depreciation, which is greatest in the first year or two, which means someone else gets stuck with the biggest value drop. And you aren't giving up very much in return - these days, cars last a lot longer, so a car with 20,000 or 30,000 miles can still have plenty of life.
 But weak sales have led to heavy incentives on new cars. While a used car is still cheaper than a new one, in some cases the price difference will be surprisingly small.
"Certified pre-owned cars" CPOs are selected low mileage used cars that have been inspected, refurbished as needed and certified as being in top condition, according to criteria laid out by the car's original manufacturer.
Most importantly, they have added warranty coverage. CPOs cost more than non-certified used cars, but the quality can make the extra cost more than worth it.
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