One reason is the abundant flow of vehicles coming off lease. Only about 20 percent of leased vehicles are eventually bought by the lessee. Reduced safety compromise. Air bags and antilock brakes have been standard in most models for several years. If your wallet says economy but your heart says high-end, buying used may be a way to get your dream car.
Premiums are lower for theft or collision coverage, which is related to total replacement value.
How a car has been used or abused remains a concern. Certified used cars, usually sold through a new-car dealer, are supposed to have been carefully inspected and, if necessary, reconditioned. They carry a limited warranty. Most are recent models that have come off lease or have been traded in. Some certification programs are backed by manufacturers, while others are backed by individual dealers.