Reduced safety compromise. Air bags and antilock brake systems have been standard in most models for several years. Affordable luxury . If your wallet says economy but your heart says high-end, buying used may be a way to get your dream car. Cheaper insurance .
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. Because neither you nor a lender can be sure a used car was well maintained, there is more risk. 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.