It's no secret that new car sales in the U.S. have been in a steep decline for several months as people worry about their financial future. But many of us still need a new, if not "brand new" car, and interest is peaking on used cars, as people look to replace their current vehicles. And the category of certified pre-owned vehicles are doing unexpectedly and exceptionally well.
Unlike regular used cars, certified pre-owned cars are attractive, because they have an added warranty of some kind. But beware, say experts, not all warranties are equal. Any used car dealer can claim that a used car is certified and offer an extended service agreement. Intellichoice.com recommends you look for a vehicle that's backed by a warranty from the original manufacturer, because that means the vehicle has been inspected and refurbished to "like new" standards determined by that manufacturer.
As you might expect, certified used vehicles often cost more than the equivalent ...
