Finance

Can You Afford Your Car? (Are You Sure About That?)

By Matt Schmitz on June 28, 2016


CARS.COM — Please understand how awkward this is for us, being in the business we're in and all. But just the same, we feel compelled to report to you the results from a new study on car costs versus median… Read More

Can You Afford Your Car? (Are You Sure About That?)

By Matt Schmitz on June 28, 2016

CARS.COM — Please understand how awkward this is for us, being in the business we're in and all. But just the same, we feel compelled to report to you the results from a new study on car costs versus median… Read More

Experian: Average New-Car Monthly Payment Hits All-Time High

By Kelsey Mays on March 4, 2016

CARS.COM — Experian Automotive says the average new-car payment hit $493 per month in the fourth quarter of 2015, while the average total amount financed was $29,551. Those are up $11 and $1,170, respectively, from the year-ago quarters. And Experian… Read More

How to Compare CPO Programs

By Rick Popely on February 7, 2016

CARS.COM — You shouldn't judge a book solely by its cover, and neither should you judge a certified pre-owned program only by its brochure. CPO programs vary widely in their warranty coverage, including whether vehicles can be exchanged. Here are… Read More

Pros and Cons of CPO Versus an Extended Warranty

By Rick Popely on February 7, 2016

CARS.COM — Most certified pre-owned vehicles come with at least one year of basic, comprehensive warranty coverage backed by the manufacturer, plus a powertrain warranty that usually stretches beyond the original time and mileage limits. Will those CPO warranties be… Read More

Is Your Trade-in a CPO Candidate?

By Rick Popely on February 7, 2016

CARS.COM — If you're trading in a low-mileage, late-model vehicle that has been well maintained and looks nearly new, your car could be a candidate for a certified pre-owned program. If it qualifies to become a CPO vehicle, does that… Read More

Should You Lease a CPO Vehicle?

By Rick Popely on February 7, 2016

CARS.COM — Though you don't often hear about it, it is possible to lease a used vehicle, including some certified pre-owned cars. Several CPO programs have leasing options that offer the same benefits that have made leasing new vehicles so… Read More

Factory CPO Programs Versus Other 'Certified' Vehicles

By Rick Popely on February 6, 2016

CARS.COM — Once car dealers saw that consumers embraced certified pre-owned programs backed by the vehicle manufacturers, they seized the opportunity and started "certified" used-car programs of their own. "Certified" used cars have sprouted like dandelions at multistore dealer groups,… Read More

Pros and Cons of Buying a CPO Versus a New Vehicle

By Rick Popely on February 6, 2016

CARS.COM — Certified pre-owned vehicles have set sales records for five consecutive years as more consumers decide that the security of a CPO program offsets the risks of buying a used car compared to buying a new one. If you're… Read More

Pros and Cons of Buying a CPO Vehicle

By Rick Popely on February 6, 2016

CARS.COM — Certified pre-owned vehicles are touted as the best used cars — late-model vehicles that received plenty of TLC from the previous owner and didn't need major repairs or reconditioning to restore them to showroom condition. But there are… Read More

The Basics of Buying a CPO Vehicle

By Rick Popely on February 6, 2016

CARS.COM — At most new-car dealerships you will encounter certified pre-owned vehicles, which have become big business. They are a popular choice for consumers because CPO cars offer more of what many buyers crave in a used vehicle: peace of… Read More