Buying a certified per-owned vehicle used to be the way to go. However, as of today, most hold their value extremely well, almost to the point that looking at new makes financial sense if you are in a position to do so - most aren't. But understand there is still wiggle room in a used car purchase, however it harder to know what the vehicle is worth at wholesale, unless you are able to get your hands on a "black book."
The problem with buying new is that many people don't know how to negotiate when buying a vehicle. They quickly volunteer they have another vehicle to trade in, negotiate from MSRP, believe that rebates aren't allowed to be taken from invoice, tell the sales person how much they are looking to spend and show their true emotions when they go for a test run. And the dealership knows this, because people buy based upon how they feel - which gives the car dealership the leverage.
So all in all, buying CPO or new doesn't really matter anymore, because many of you don't know how to arm yourself to get the best deal possible. You think you do, but you really don't. Everyone wants to say they got a great deal, because deep down inside, they want to feel great about making their purchase.
Either way, the average vehicle payment is now $482 dollars stretched out over 60 + months, which illustrates my point that people buy off of emotion and live their life based upon monthly payments.
This post was edited on 11/14 at 6:08 am