Welcome, Jake! If you’re looking for a reliable and affordable car, you might be considering buying a used car. AARP offers a program that connects you with certified dealerships that sell used cars at a discounted price. In this article, we will discuss the advantages and disadvantages of buying a used car through the AARP program.
Introduction
What is AARP?
AARP, formerly known as the American Association of Retired Persons, is a nonprofit organization that advocates for senior citizens. AARP offers various programs and services, including a used car buying program.
What is the AARP Used Car Buying Program?
The AARP Used Car Buying Program allows members to purchase a used car through a certified dealership at a discounted price. The program offers a variety of makes and models, and members can also get assistance from a dedicated buying specialist.
How does the AARP Used Car Buying Program Work?
To use the AARP Used Car Buying Program, members must visit the program’s website and enter their zip code. The website will then provide a list of certified dealerships in their area that participate in the program. Members can then browse the inventory and contact the dealership to schedule a test drive.
What Are the Benefits of the AARP Used Car Buying Program?
The AARP Used Car Buying Program offers several benefits for members, including:
- Discounted prices
- Certified pre-owned vehicles
- Dedicated buying specialist
- Mechanical and appearance inspection
- Vehicle history report
What Are the Risks of Buying a Used Car?
Buying a used car comes with its risks. While the AARP program offers certified pre-owned vehicles, there is always a chance of buying a car with hidden issues. It’s important to do your research and inspect the car thoroughly before making a purchase.
What Should You Look for When Buying a Used Car?
When buying a used car, you should look for:
- Low mileage
- Good condition
- No accidents
- No major repairs
- Reasonable price
How to Finance a Used Car?
There are several ways to finance a used car, including:
- Bank loans
- Credit union loans
- Dealership financing
- Personal loans
The Pros of the AARP Used Car Buying Program
Discounted Prices
The AARP Used Car Buying Program offers members discounted prices on certified pre-owned vehicles. This can be a significant savings compared to buying a brand new car.
Certified Pre-Owned Vehicles
The AARP program offers certified pre-owned vehicles, which means that the vehicles have undergone a thorough mechanical and appearance inspection. This gives members peace of mind knowing that they are buying a quality vehicle.
Dedicated Buying Specialist
The AARP program offers a dedicated buying specialist who can assist members in finding the right car for their needs and budget. The specialist can also negotiate the price and terms of the sale.
Mechanical and Appearance Inspection
The AARP program includes a mechanical and appearance inspection for each vehicle. This ensures that the vehicle is in good condition and any issues are addressed before the sale.
Vehicle History Report
The AARP program provides a vehicle history report for each vehicle. This report shows any accidents, previous owners, and other important information about the vehicle.
Extended Warranty Options
The AARP program offers extended warranty options for members who want extra coverage for their vehicle. This can be a valuable investment for those who want to protect their car from unexpected repairs.
Lower Depreciation Rate
Used cars have a lower depreciation rate compared to new cars. This means that the value of the car doesn’t decrease as much over time, which can be beneficial if you plan on reselling the car in the future.
The Cons of the AARP Used Car Buying Program
Higher Maintenance Costs
Used cars require more maintenance compared to new cars. This can result in higher repair costs over time.
No Customization Options
When buying a used car, you are limited to the options that are available. This means that you may not be able to get the exact features and options that you want.
Unknown History
While the AARP program provides a vehicle history report, it may not show the complete history of the vehicle. There may be hidden issues that are not revealed until after the sale.
Higher Interest Rates
The interest rates for financing a used car can be higher compared to new cars. This can result in higher monthly payments and overall cost of the car.
Limited Warranty Coverage
The warranty coverage for used cars is typically shorter compared to new cars. This means that you may have to pay for repairs out of pocket once the warranty expires.
Limited Availability
The AARP program may not have the exact make and model that you are looking for. This can limit your options and make it harder to find the right car.
Risk of Buying a Lemon
Buying a used car comes with the risk of purchasing a lemon, or a car with hidden issues. It’s important to do your research and inspect the car thoroughly before making a purchase.
AARP Used Car Buying Program Table
| Benefits | Details |
|---|---|
| Discounted Prices | Members can get a discount on certified pre-owned vehicles. |
| Certified Pre-Owned Vehicles | Vehicles undergo a thorough mechanical and appearance inspection. |
| Dedicated Buying Specialist | Members can get assistance from a specialist who can negotiate the price and terms of sale. |
| Mechanical and Appearance Inspection | Each vehicle undergoes a mechanical and appearance inspection. |
| Vehicle History Report | Each vehicle comes with a vehicle history report. |
| Extended Warranty Options | Members can purchase extended warranty options for extra coverage. |
| Lower Depreciation Rate | Used cars have a lower depreciation rate compared to new cars. |
FAQs About the AARP Used Car Buying Program
1. Do I have to be an AARP member to use the program?
Yes, the AARP Used Car Buying Program is only available to AARP members.
2. Can I negotiate the price of the car?
Yes, you can negotiate the price of the car with the dealership.
3. Do all certified dealerships participate in the program?
No, not all certified dealerships participate in the program. You can check the website for a list of participating dealerships in your area.
4. Can I test drive the car before buying?
Yes, you can schedule a test drive with the dealership before making a purchase.
5. Are there any financing options available?
Yes, there are financing options available through the dealership or your personal bank or credit union.
6. What happens if the car has issues after the sale?
The warranty coverage will depend on the specific dealership and vehicle. You should review the warranty information before making a purchase.
7. How long does the purchasing process take?
The purchasing process can vary depending on the dealership and availability of the vehicle. It’s best to contact the dealership for more information.
8. Can I trade in my current vehicle?
Yes, you can trade in your current vehicle at the dealership.
9. Are there any additional fees?
There may be additional fees, such as sales tax and registration fees. You should review the information provided by the dealership before making a purchase.
10. Can I cancel the purchase if I change my mind?
It depends on the specific dealership and their policies. You should review the cancellation policies before making a purchase.
11. How do I find a certified dealership in my area?
You can enter your zip code on the AARP Used Car Buying Program website to find participating dealerships in your area.
12. Can I buy a car online?
No, the AARP program does not offer online purchasing options at this time.
13. Is the AARP Used Car Buying Program available in all states?
No, the program is not available in all states. You should check the website for availability in your state.
Conclusion
Overall, the AARP Used Car Buying Program offers several benefits for members who are looking for a reliable and affordable used car. However, there are also risks and disadvantages to buying a used car. It’s important to do your research and inspect the car thoroughly before making a purchase. If you decide to use the AARP program, make sure to take advantage of the discounted prices and dedicated buying specialist. Happy car hunting, Jake!
Disclaimer
Buying a used car comes with its risks, and AARP is not responsible for any issues that arise from your purchase. It’s important to do your research and inspect the car thoroughly before making a purchase. The information provided in this article is for educational purposes only and should not be considered legal or financial advice. Always consult with a professional before making any major financial decisions.
