Certified pre owned or used car from dealer - looking for a basic reliable car

Oracle / Eng I@m
Jul 20 21 Comments

Please vote.

Also any tips for negotiating with dealers?
Which bank or credit union offers 0% financing?

71 VOTES SELECT ONLY ONE ANSWER
VOTE VIEW RESULT
21

comments

Want to comment? LOG IN or SIGN UP
  1. TOP
  2. RECENT
  3. OLD
 TOP 21 Comments
  • IBM I🐝M
    You may find a better deal with used, while CPO are assumingly less risky (in technical terms, they're both used).
    Do your research online and narrow down to make/model you want. Research prices of that model in your city and know what to expect. Find a few options online and go visit the car in person if possible to get a feel for it. Once you have your winner, an excellent idea is to hire a mechanic to give you a status report on the car. This will cost you yes, but you're better off knowing what to expect from the car rather than going in blind (no pun intended). Unless you are paying cash, don't negotiable the price of the car, but instead, the bottom line or the "out of the door" price with all fees and crap they add, then think if it makes sense to you. Be prepared to walk out of the deal if you are not confident.
    Jul 20 3
    • Oracle / Eng I@m
      OP
      Sorry I don't get your point on "unless you pay in cash don't negotiate". Why not?
      Jul 20
    • Intel iSpyPi
      Cash doesn’t always get you the best deal. Sometimes with certain financing they rely on the interest to make up for lost profit from the initial price, particularly for new cars. You can pay off these loans whenever you want though (which actually screws over the dealership if you pay off very early).
      Jul 20
    • IBM I🐝M
      What Intel said above 👆🏼 plus:
      When you pay in cash, you have more control over the transaction. If you finance, which is what the dealer want and what most people do, they can add fees upon fees and get a good financing APR but pass it down to you with a markup, and so on.. You'd be surprised to see how creative they are in getting your money. But if you stick with the final price or out of the door cost, you can easily assess if you can afford it and if it seems fair to you, with no more hidden costs.
      Jul 20
  • Google MrBenDover
    You mean Certified Pre Owned? Depends on the car. If it’s a German, I’d suggest CPO.
    Jul 20 4
    • Oracle / Eng I@m
      OP
      Oops, yes. Why only for German cars?
      Jul 20
    • Amazon YakyBezos
      Japanese cars are relatively more reliable
      Jul 20
    • Google MrBenDover
      Yes like Amazon mentioned, Japanese are reliable and can be fixed anywhere for a much cheaper price. If you buy a German car and it breaks when it’s not under warranty, it’s going to cost a lot.
      Jul 20
    • New / Eng
      sriv123

      New Eng

      PRE
      Udacity
       sriv123more
      Yes from experience go with a CPO on a German car that has a warranty, if it's Japanese then those last forever with no problems
      Jul 20
  • Oracle / Eng I@m
    OP
    Any experience with shift.com?
    Jul 20 1
    • Credit Karma / Data
      SrfrBoi69

      Credit Karma Data

      PRE
      Google
       SrfrBoi69more
      Carvana has the broadest selection
      Jul 20
  • New / Mgmt
    glann

    New Mgmt

    PRE
    IBM
     glannmore
    Just look for a used car and take it to your mechanic to make sure that there's no make major issues with it. You'll be fine for at least a few years don't worry about it and you save a ton of money.
    Jul 20 0
  • Nvidia ThiccLowry
    If you care about appearance/badge only and don’t want to deal with hassle of upkeep: (prob german)
    Lease if you can afford
    CPO if you want to keep for longer

    If you want a performance car:
    German: Lease lease lease only maybe CPO merc but not a BMW
    American: buy used, no CPO usually cheap to maintain

    If you don’t care much for cars and want a reliable ol beauty
    Grab a Corolla/civic and just give’er bud

    If you want Electric:
    I’m too broke to afford one so no comments
    Jul 20 0
  • Credit Karma / Data
    SrfrBoi69

    Credit Karma Data

    PRE
    Google
     SrfrBoi69more
    Check out Carvana or Vroom.
    Jul 20 0
  • Microsoft pissed dev
    CPO is scam.
    Jul 20 2
    • Oracle / Eng I@m
      OP
      So just buy a used car and it get it inspected?
      Jul 20
    • TripAdvisor owlwise
      Yes, get inspected. You can also have the seller put down a really low value on the pink slip so that your taxes are less.
      Jul 20
  • Intel
    BOBBY_AXE

    Intel

    BIO
    Bobby Axelrod. CEO, Axe Cap. NYC
     BOBBY_AXEmore
    Need a lot more detail on what brand/ type car you have in mind with regards to warranties or negotiating.
    And banks/credit unions are in business of lending to make money. You'll never find 0% there. Only on new cars that they need to move fast, can you sometimes find 0% or 0.9% apr. Google search is your friend.
    Jul 20 1
    • Oracle / Eng I@m
      OP
      Basic reliable car considering am not a car enthusiast
      Jul 20
  • TripAdvisor owlwise
    Buy used car from craigslist, private party. Check vehicle history report and get it inspected by a mechanic before you buy.
    Jul 20 0
  • Fanatics coder07
    Bay area credit union go around 3~5%
    Used and CPO are under same for auto loans.

    CPO for a good German car
    Jul 20 0