Get used to it: gaining value from certified pre-owned vehicles.Donald Byrd Donaldson Toussaint L'Ouverture Byrd II (born December 9, 1932) is an American jazz and rhythm and blues trumpeter, born in Detroit, Michigan. He attended Cass Technical High School. He performed with Lionel Hampton before finishing high school. was all set to buy a brand-new luxury SUM when he stepped onto the lot of Baranco Lincoln-Mercury car dealership This article is about car dealerships. For the indie pop band, see Dealership (band). A car dealership or vehicle local distribution is a business that sells new cars and/or used cars at the retail level, based on a dealership contract with an automaker or in Duluth, Georgia Duluth is a city in Gwinnett County, Georgia, and a suburb of Atlanta located in the Metro Atlanta area. Unincorporated portions of northeast Fulton County and Forsyth County also have Duluth as a mailing address, though this area is technically outside city limits. , last May. After viewing all of the hot rods, he caught sight of a sweet, champagne-colored 2000 Lincoln Navigator The Lincoln Navigator is a full-size luxury SUV produced by Ford Motor Company for its luxury division Lincoln. Introduced in 1998, the Navigator was one of the first full-size luxury SUVs. with leather seats, a built-in TV, and a six-CD changer Changer The name given to a clearing member that is willing to assume the opposite position of a futures contract within a larger alternative exchange, of which it also is a clearing member. . "I went to the dealership with every intention of buying a new truck. When I saw this truck, I said 'Forget the new one,'" says Byrd, a district supervisor for the Westchester County Journal and News in White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and . "The price was definitely the reason that I changed my mind." Byrd paid $24,000 for his Navigator. He would have paid approximately $50,000 for a 2003 and about $58,000 for a 2004. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the J.D. Power and Associates' 2003 Vehicle Dependability Study The J.D. Power and Associates Vehicle Dependability StudySM (VDS) provides information about long-term vehicle quality after three years of ownership, when most vehicles reach the end of the warranty period and owners assume responsibility for repair costs. , 42% of used-vehicle buyers make the purchase because they feel the quality of a used vehicle is as good as a new one, if you are interested in buying a luxury car without paying retail prices, here is important information to consider. Out of 35 models, the survey lists Lexus, Infiniti, Porsche, Acura, Cadillac, Lincoln, and jaguar as luxury vehicles that. have experienced the fewest problems within three years. Problems included excessive wearing down of brakes: air conditioning: wind noise; shocks and struts: faded, cracked, or worn materials; worn or broken moldings; cracked and peeling paint; and various fluid leaks. "With the proliferation of long-term warranties being offered on new vehicles and the increasing popularity of manufacturer-sponsored used-vehicle certification programs, long-term quality issues are critical to manufacturers and their bottom lines," says Joe Ivers, partner and executive director of quality/customer satisfaction at J.D. Power and Associates. "Manufacturers must align themselves with consumer expectations for durability." When you are ready to make a purchase, go to www.nada guides.com. The online search is free. There is a fee to purchase the appraisal guides. "We can give you free, online, market-relative information on vehicles you want, finance options, insurance, and basically everything you need to purchase a car," says Mark Perleberg, lead auto expert for N.A.D.A. Guides. "You can drive a 3-year-old Lexus for the same price as a new midsize car like a Toyota Camry." Our experts say the best way to protect your investment is to purchase a certified pre-owned (CPO (Chief Privacy Officer) An individual who manages the privacy issues within an organization. Arising out of the privacy regulations in finance and health care in the late 1990s, the CPO position eventually crossed over to all industries. ) vehicle. "The purchaser's perception is that new vehicles depreciate depreciate v. in accounting, to reduce the value of an asset each year theoretically on the basis that the assets (such as equipment, vehicles or structures) will eventually become obsolete, worn out and of little value. (See: depreciation) too much. The main selling point of the CPO program is peace of mind with warranties that include free maintenance, possible exchange policy, lower interest, mechanical inspections before certifying, lower mileage, and product quality that is as good as a new vehicle," says Todd Wilson, former director of Automotive Sales and Internet Research for J.D. Power and Associates. "If you are buying a used vehicle in the present year, you can save as much as 20%. When buying a used vehicle that is 3 years old, you can save as much as 60%," says Gregory T. Baranco, president of Baranco Automotive Group in Lilburn, Georgia (No. 30 on the BE AUTO DEALER 100 list with $80.4 million in sales). In addition, used car purchases retain must of their value. According to J.D. Power and Associates' 2003 Used Vehicle Sales and Certification Study, luxury-car buyers pay nearly $3,000 more for a certified vehicle than a noncertified one. Also, 38% of used-vehicle buyers purchase a CPO vehicle. "Without question, consumers rate the warranties that come with CPO vehicles as the most valuable feature of the programs," says Wilson, "and they're willing to pay more for the added peace of mind." |
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