If you’re in the market for a used car, you must have a lot of decisions to make. There are many variables to consider, from make and model to price and mileage. And then there are all the different ways to buy a used car – private sale, dealer, or auction, including the option of an approved used car scheme.
What is an approved used car scheme? It’s a program that offers benefits to buyers of certified pre-owned cars. Buying an approved used car is worth the extra cost and effort. Today, we’ll look at the approved used car scheme.
What Is The Approved Used Car Scheme?
An approved used car is a vehicle that has been checked by the manufacturer and given a stamp of approval. To be part of the scheme, dealers must meet strict criteria set by the manufacturer, including regular vehicle safety and maintenance training. Manufacturer-backed warranties are also available with approved used cars, which is one of the main benefits of this option.
The terminology used by different manufacturers for their authorised utilised programs varies. Some call it “certified pre-owned,” while others use terms like “Diesel Particulate Filter (DPF) regeneration cycles.” But no matter what it’s called, the premise is the same – to give customers more peace of mind when buying a used car.
Are Approved Used Cars Better Than Other Used Cars?
In a word, no. An approved used car is not necessarily better than a used car that’s not part of the scheme. However, they are usually newer and have lower mileage than other second-hand cars. They also have added benefits like warranties, which can give you extra peace of mind. Since the manufacturer has checked them, you can also ensure they meet certain safety and quality standards.
There are some drawbacks to approved cars. They can be more expensive than other used cars. Another is that you may have less negotiation room on price, as dealers know customers are willing to pay a premium. This is something to keep in mind if you’re planning to finance your car, as the higher price may mean a higher loan amount.
What Are The Benefits Of An Approved Used Car Scheme?
As we mentioned, the main benefit of an approved used car scheme is that it offers customers extra peace of mind. With an approved car, you know that the vehicle has been checked by the manufacturer and comes with a warranty. Not all used cars offer these benefits, so it’s something to consider if you’re worried about making a purchase.
Another benefit is that approved used cars are usually newer and have lower mileage than other used cars. This means that they may last longer and require less maintenance. This is because most schemes have age and mileage limits, so you’re less likely to find an old clunker driven into the ground.
A final benefit is that you may be able to take advantage of special financing deals when buying an approved used car. Many manufacturers offer low-interest loans or lease programs specifically for approved cars.
Are There Any Risks To Buying An Approved Used Car?
Of course, there are always risks when buying a used car – approved or not. The main risk is that you could end up with a lemon. This is why it’s so important to do your research before making a purchase.
Another risk is that you may not get the best price on an approved used car. As we mentioned, dealers know that customers are willing to pay a premium for these cars, so you may have less negotiating room than you would on a non-approved car. You may want to consider a different option if you have limited funds.
Finally, there is always the risk that something could go wrong with the car after you buy it. This is why it’s important to read the fine print on your warranty and ensure you understand what is and is not covered.
How Expensive Are Approved Used Cars?
The cost of an approved used car will vary depending on the vehicle’s make, model, and age. Generally, you can expect to pay more for an approved car than for a non-approved one. This is because dealers know that customers are willing to pay a premium for these cars.
However, some approved used car schemes offer special financing deals. Many manufacturers offer low-interest loans or lease programs specifically for approved cars. So, check for these offers if you want to finance your purchase.
How Do I Find An Approved Used Car?
If you’re interested in buying an approved used car, the best place to start is with your local dealership. Many dealerships have their own approved used car schemes, so they should be able to help you find the perfect vehicle.
You can also search for approved used cars online. Most manufacturers have websites where you can browse their approved vehicle inventory. And many of these websites allow you to filter your search by make, model, and price range.
Is An Approved Used Car Scheme Worth Buying?
Whether or not an approved used car scheme is worth depends on your individual needs and preferences. If you’re looking for extra peace of mind, an approved car may be the way to go. However, if you’re more concerned about getting the best value for your money, you may consider other used cars.
The best way to decide is to do your research and talk to a qualified dealer. They can help you understand the pros and cons of approved used car schemes and ensure you find the right car for your needs. If the dealer pressure gets too much, you can always walk away – plenty of other options. When it comes to purchasing any used vehicle, a free car check is advised to make sure you know the vehicle’s true hidden history.