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Trade-in and Certified FAQ’s
Why trade-in?
Trading in your current vehicle towards another can partially offset the cost of the new vehicle. The trade-in's net value goes towards the purchase or lease of a new car. Condition of a trade-in can vary from very clean to rough.
If you own the vehicle, trading-in means that you're selling the car to the dealer for some determined price. As a result, the price of the new car goes down if you have equity and would increase if you owe than what your vehicle is worth.
Why is it beneficial to trade-in?
When you trade-in your vehicle in you don't have to worry about selling the vehicle yourself or any of the associated costs (advertising, showing the car, etc). You may be offered a price you could not get yourself as an incentive to purchase a new or used vehicle. If your vehicle has repair issues, trading in your vehicle eliminates the problem of having the person complaining to you after you sell it.
What happens to a trade-in?
Depending on the vehicle some are resold as used cars. Many are sent to auction and purchased by other dealers for resale. Dealers know that auction prices often will not match the amount given to you but they absorb the losses in order to sell another new or used vehicle.
How much can I expect to get?
Check used car values in guides issued by organizations such as Kelly Blue Book. Often both trade-in and private sale values are listed. Factors such as mileage, overall condition, damage and known mechanical problems heavily influence the trade-in value.
Ford Certified Pre-Owned Benefits
To qualify for Certified Pre-Owned status, each used Ford must be less than six model years old and have fewer than 80,000 miles on the odometer. Then before we certify any Ford pre-owned vehicle, it must first pass a rigorous 169-point inspection. All our Certified Pre-Owned vehicles come with extensive warranty coverage and 24-hour roadside assistance. And to top it off we provide a full tank of gas, new wiper blades, and fresh oil and filter at delivery.
The Warranty:
All Ford CPO Vehicles now (effective April 2, 2008) come with a 6-year/100,000-mile powertrain limited warranty coverage!
- 6-year/100,000-mile warranty provides:
- Coverage for the engine, transmission and more.
- Fully transferable warranty to future owners at no cost!
- Roadside assistance (24 hours a day, seven days a week) including:
- Towing
- Fuel-fill
- Lock-out services
You are able to purchase additional warranty coverage that covers more than just your powertrain components for at a substantially discounted price.
Whichever road you travel in a Ford vehicle, trust that help is coming soon with our 24-hour roadside assistance program. Roadside assistance is part of our powertrain limited-warranty coverage, which means you're automatically covered for 6 years or 100,000 miles from the original in-service date. That's 24 hours a day, seven days a week, in case of breakdown, blowout, bad weather, anything.
Plus, if you have trouble far from home, Ford CPO gives you the added benefit of a travel expense reimbursement, worth up to $500, for up to three days of lodging, meals and rental vehicle if breakdown occurs more than 100 miles from home.
Low APR rates:
One of the many benefits of buying a Ford Certified Pre-Owned vehicle is the low APR financing offers extended to qualified buyers. Right now, take advantage of these great rates
How to Buy a Certified Pre-Owned Vehicle
Once you have chosen the make of vehicle you want to buy, you can begin shopping. Our dealership lists our inventory and the certified used vehicles that we have for sale. For more information, call us at 313-846-5000.
Ask to see our inspection report completed by our factory-trained technician for that specific vehicle. Make sure the vehicle identification number (VIN) on the inspection report matches the vehicle you want to buy.
Since the vehicle is certified, the cost of this program is included in the purchase price of the vehicle. In other words, there will not be a separate charge for your powertrain 6 year / 100,000 mile extended warranty or for certification. When you come in for service our service advisors can easily confirm that you are covered by the certified powertrain warranty. Any time up to 90,000 miles you may buy additional component coverage.
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