If you’re in the market for a new set of wheels, it might be tempting to splurge on a brand new vehicle. However, you’ll most likely be better off in the long run when you choose to buy used cars instead. Here are a few of the best reasons to opt for used instead of new.
Avoid Rapid Depreciation
New cars can be a fun addition to your household, but should you need to turn around and sell the vehicle anytime soon, you’ll end up losing quite a chunk of your investment. New cars depreciate rapidly in value, and they’re automatically worth about 10 percent less as soon as you drive off the lot. Used cars also depreciate in value over time, but they retain their value for longer than new cars.
Make Smaller Payments
Even if you can afford the hefty payments on a brand new vehicle, it’s usually best to offer yourself plenty of wiggle room in the budget. It’s always a wise decision to stick with what you can afford and live beneath your means in order to pay off debt quickly and build wealth. When you’re trying to save your money for other important things in life, avoid the high payments on a new car and opt for a used vehicle. You’ll benefit from smaller monthly payments and a shorter term for the loan.
Save on Sales Tax
Purchasing a new car comes with a host of other fees tacked on to the purchase price. Depending upon where you live, it might be in your favor to ask about the difference in sales tax between new and used vehicles. When you’re looking to save money, it’s in your best interest to be smart about making big purchases. A car loan is a big investment, and you’ll likely save thousands by purchasing used cars.
We want you to have the best experience possible when shopping for used cars on our lot. The last thing we want is for you to have buyer’s remorse. You can increase the chances of you being happy with your purchase if you sidestep these common used car buying mistakes.
- Going Over Budget
Before you step foot on our dealership, you should know exactly what budget you have in place for this purchase. It is beneficial to have an ideal price you would like to spend and a slightly higher price you are willing to go to but refuse to go over. This helps you narrow down your options, so you know what used cars to steer clear of.
- Not Considering Insurance
The price of a used car also entails what you will be paying in insurance and gas. Mileage is a big factor when buying a car. Additionally, you want to speak with your insurance agent beforehand to get an idea of how much you will pay every month for a certain type of vehicle. The insurance amount should be factored into your budget.
- Not Checking the Tires
You want to check every inch of a used car you are thinking of getting. Although looking at the tread is important, you also want to find out the age of the tires and when they were installed. This will let you know if they will remain viable for a while. Additionally, taking any used vehicle out for a test drive should give you a good idea of how well the vehicle handles overall.
We want you to be absolutely happy with your purchase, so by knowing exactly what you want before coming, we can help you select the perfect used vehicle. We have many used cars available, but give us a little criteria and we can narrow down the options very quickly.
Upon visiting our dealership, you may find two or more cars you really like. In order to settle on a final purchase, you need to weigh the pros and cons of each vehicle to find something that is ideal for you. While most people will consider the color and mileage, there are a few other factors to bring to the forefront.
Future Maintenance Costs
Some types of cars naturally cost a little more to maintain than others. It can be helpful to do your homework before making a purchase so that you have a good idea of what certain car parts cost. If price is a big factor for you, then going with a more affordable option will be preferable. However, people with more money to play with might be OK with acquiring a car with higher maintenance costs.
Certain features do not affect how well the car drives, but they are nice to have. If both cars are more or less the same, then getting the one with a moon roof might be the way to go. You should also look at the stereo system and any heated seats as nice little perks you can get with your vehicle.
The Way It Feels
You should take a car you are considering out for a test drive before making a deal. If you are trying to decide between two cars, take them both out for a spin. Try to envision driving both vehicles every day on your commute or on road trips. Get a real feel for both cars and how comfortable they both are. Many times, the test drive is what allows the customer to make a final decision.
There are numerous used cars to look at, but by keeping a list of the benefits each one provides, you can easily narrow down your choices. It will most likely not take very long to eventually find the one car you really love.
Shopping for a car is exciting, but paying for one can be intimidating. Not having credit can make it difficult to get car loans, but it is not impossible. Here are four simple steps you can take to assist you in purchasing a car.
Saving up for a down payment is one of the most helpful things you can do. By establishing a fund that you will use to begin purchasing the car, you show lenders your commitment and hard work invested in the purchase. There is an added bonus to saving for a down payment. The larger your down payment, the smaller your eventual monthly payments will be.
If you do not have credit history, lenders will need other documentation to prove your ability to pay your car loan. A copy of your bank statement will prove any savings you may have. Copies of recurring bills, like a phone or utilities bill, will prove your ability to pay on time. Pay stubs will prove your regular income. Gather all this information before approaching any lenders.
Ask for Help
Friends and family may be able to co-sign a loan for you. Cosigners use their credit to help you get a loan. While this can be exceptionally helpful for someone who does not have credit, it does make it important that all bills are paid on time. Late payments become the responsibility of the cosigner.
When you do not have credit, best place to begin looking for car loans is at a bank or credit union where you are already a member. This established relationship might be helpful in obtaining a loan. If your bank cannot help you, many dealerships offer loans as well.
Taking on a loan can be an intimidating process, but it doesn’t have to be. Even without a credit history, a little planning can help you secure a car loan.
When it comes to buying a new car, bad credit car loans are still available even if your credit is less than perfect. However, even if you’re interested in getting a car loan with poor credit, there are still things you can do beforehand to boost your score a little bit.
Look at Your Credit Report
Getting your credit score up all starts with checking your credit report. This document contains all the information that goes into calculating your scores, and it can contain errors. Once you have your credit report in your possession, look over it to make sure everything’s correct. If there is a problem with it, don’t be afraid to get in touch with your credit agency to let them know that something isn’t correct.
Set Up Automated Payments
It’s easy to forget to pay a bill here and there. While this may not seem like such a big deal, over time, it can have a bad impact on your credit score. To avoid letting this happen, set up automated payments through your bank or with your service providers. However, make sure that when your payments go through, there’s enough money in your account for the bill to go through.
Reduce Your Debt
If you have credit card debt or any other type of debt, one way you can start to boost your credit score is by paying off some of your debt. Keep in mind, however, that you don’t have to pay it off all at once. Instead, you can start by finding room in your budget to make larger payments and to chip away at the debt as time passes. This is good for your credit score because it shows you’re consistent with your ability to pay off your debt.
When it comes to getting a loan with poor credit, remember it can be done! With these tips and getting a loan like this, you’ll be driving away in your new car in no time.
If you need a quality used car for daily family transportation or to get to work, having bad credit can get in the way of finding a good deal. The cars you want may be out of your reach because banks have already turned you down and you don’t have the cash or trade in to finance the vehicle you need. If you are in this situation now, we may be able to help you by offering bad credit car loans. Not only may this help you get behind the wheel of a pre-owned vehicle as soon as possible, it might improve your credit score at the same time.
You Can Avoid Credit Inquiries
Each time you apply for a loan through a bank, department store or other credit lender, that inquiry and its outcome can negatively affect your credit score. However, when you come to us for bad credit car loans and use in-house financing, you will not have to wait for us to inspect your credit or run the risk of lowering your score because of the inquiry.
Making Timely Payments May Raise Your Score
While you may have bad credit through a number of unfortunate circumstances, such as a loss of employment or getting in over your head with a credit card when you were younger, taking on a car loan with us, even if it is a bad credit car loan, may help improve your score. When you make timely payments over a number of months, this will show other lenders you are back on the path to being responsible, and the on-time payments may raise your overall score.
A Payoff May Help You Secure Future Loans
Once you pay off your car, the completed loan may help other lenders see you as less of a credit risk. This may be useful for the future if you want to buy a home or make another major purchase on credit.
Looking into bad credit car loans may help you steadily improve your credit score. No matter what your credit situation, we can help you find a loan to suit your needs.
There are countless perks that come from getting used cars. There are also some basic things you should know before making a final decision on a vehicle. Here are some things to be aware of and think about first.
Do Quality Research and Have an Idea of What You Want
Our first piece of advice if you are getting a used car is to first do a solid amount of research, so you can fully consider the options you have. First, make a list of exactly what you want from the car. Determine how big or small it should be and if there are any features that you need. After that, we suggest you start doing some research online to get a feel for what type of vehicle fits your personal requirements.
Determine a Budget and Stick to It
The next thing we advise is for you to determine the budget you have for used cars and then stick to that set amount. Our salesmen will be happy to help you find the car that includes all of the things you want, while also helping you spend the amount you would like to.
Do a Test Drive and Make Sure It Suits You
Some people make the mistake of not test driving a vehicle enough before making the purchase. Even if the car is great quality, it does not mean it is perfect for you. We suggest taking the car out for a good ride to make sure it is everything you want. Again, you will want to be sure it is something that you are completely comfortable in.
These are just a few of the things we believe should be thought out before making a purchase on used cars. Figure out what it is you want, how much you can spend and be sure to test drive it properly before buying.
When the time comes to find a new vehicle for yourself, you might notice that you are a bit overwhelmed. This makes sense, as you probably have to consider all of the financial responsibilities that come along with obtaining a car. One of the better solutions to this problem is considering used cars for your needs. There are many ways that this option can help you to get ahead on the road of life.
The Initial Cost
Right off the bat, you will notice that investing in a used vehicle is a wise decision because the costs associated with purchasing used are often quite low. On average, it has been said that most used cars sell for a few thousand dollars. While there are used cars that sell for much more and much less, you can expect the vast majority of options to wind up in a sensible pricing range. If you are worried that you do not have the finances to get a brand new model, then you might be surprised by what you find with your used selection.
An Array of Choices
There is a popular misconception out there that buying used cars somehow limits your options. In fact, the exact opposite is true. There are so many makes and models out there that can be found when seeking used vehicles that you will have a difficult time knowing exactly where to begin your search. If you are looking for a very specific kind of car, you are in luck. Searching for used automobiles is the perfect way to locate a particular vehicle that you have had your eye on over the years.
When it comes to your future, you should not feel like you are being held back by your finances. Look into used cars and see how you can benefit from the effective costs and the vast selection. Once you do, you will be all set to make the right choice for your future.
When it comes time to get a new car, more and more people are opting for the used options in order to save a buck and to make the most of their transportation budget. While this is an excellent plan, many people are daunted by the sheer number of available used cars, and express uncertainty about how to choose between the available options. This, in fact, is where turning to your dealership comes in handy.
Dealers sell only the highest-quality used cars, and by shopping with them, you can rest assured that you’ll not only be buying within your budget, but that the car your purchase is in good shape and ready to go. Furthermore, dealers are more likely to have a complete history of the used cars you browse, meaning you’ll be aware of all accidents and issues in the past that might cause further problems in the car’s future.
Not only do dealers help find you your perfect pre-owned ride, but many of them provide services for an extended period of time after you’ve made your purchase. This means you can save the cash you would be spending on oil changes and regular maintenance elsewhere for new adventures and for the things in life that really matter.
When you buy from a personal seller, there are very limited methods which you can use to handle the transaction. However, when you make your purchase from a dealership, you may find that you’re able to finance your purchase. This presents several new opportunities and helps you to make the most of your car-buying experience in the years to come by ensuring you’re able to work within your own budget to meet your transportation needs.
Buying used cars doesn’t have to be an uncertain, complicated process. Visiting your dealer for more information can help you to more thoroughly explore your opportunities.
There’s a good chance you’ll have opportunities to buy automobiles throughout your life. If you’re like a lot of Canadians, you’ll consider used cars because they’re often more affordable. There are several reasons to get that kind of vehicle from a dealership rather than a private seller.
The Dealership Probably Has a Quality-Check Process
Dealerships frequently put every vehicle through an intensive testing process to ensure it’s road worthy. In contrast, a private seller probably won’t do that. Instead, you’ll just have to go off of his or her word when learning things about when maintenance was last performed, what was done to the car and whether everything seems in working order.
You Can Form a Long-Term Relationship With a Trustworthy Dealer
Usually, dealerships don’t just sell used cars. They also service vehicles and provide parts for them. That means once you buy a vehicle from a dealership you trust, you’ll theoretically have a place to go whether your car needs a new timing belt or just an oil change. If you purchase a car from a private seller, you won’t have the same kinds of resources to rely upon throughout the time you own your car.
Get a Chance to Try Many Cars at Once
When meeting a private seller to go for a test drive, you usually just get behind the wheel of the car you’re interested in purchasing. However, a dealership may have dozens of makes and models on a single lot. Then, you can possibly drive several cars within one day to see which vehicles you like best, rather than going through the time-consuming process of test driving one at a time as you visit private sellers.
These are just a few reasons why many Canadians decide to purchase their used cars from dealerships instead of private individuals. Hopefully the information will help you feel more informed as you go vehicle shopping.