Buying a Used Car: How to Choose a Payment Option

When the time comes to buy a used car, there are many financial factors to consider. Perhaps your budget will narrow your used car choices, or you may not be aware of the payment options available. We are ready to show you some ways you can pay for your vehicle and to show you that the make and model you desire most may well be within your reach if you plan carefully.

Consider the Time Frame

As you consider payment options, one of the first factors you might want to think about is how long you will be paying for your car. Whether you secure a loan through the bank or choose in-house financing with us and depending on your credit, your loan could be as brief as two or three years or as long as five. It is important to understand the exact terms of the length of your loan before you sign off on a vehicle.

Give Yourself Time

Even if you find yourself needing a new vehicle for your commute to work or school, you should avoid jumping into a deal right away. Take the time to consider your options, as this may help you avoid hefty payments that might be hard to handle later on. For example, ask yourself whether your current car is a valid trade in or if you can secure a down payment that may help lower the cost of a vehicle.

Review Your Budget

One mistake many people make when they shop for used cars is to miscalculate how much they can afford to pay monthly. To avoid this error, you will need to factor more than just the car payment into your auto ownership budget. The cost of insurance, gas and other taxes and fees that will need to be paid when you purchase a vehicle should all be included in your budget to ensure you do not overextend it.

Buying a used car can be a challenge, especially if you are

Car Shopping: 3 Ways to Offset Bad Credit

When you try to get a loan for a car from the dealership, one of the first things we look at is your credit score. If your score is low, however, there is still hope. There are ways to get approved for the car loan you need even if you have bad credit.


Qualified Co-Signer


A co-signer with better credit can be your saving grace. Having someone co-sign the loan can help you get the car you want while reassuring us that the loan will be paid. The co-signer agrees that, in the event that you do not make payments, he or she will take responsibility for them. You get approved, and we get assurance that the loan will be paid.




Another way to be approved for bad credit car loans is to trade in your old vehicle for the one you want to purchase. The value of the trade-in can lower the total loan amount, making lending to you less of a risk, even if you have bad credit. The car you no longer need can help you get the next car.


Large Down Payment


As lenders, we tend to consider bad credit a big lending risk. If, however, you can demonstrate that your credit is not indicative of poor cash flow, it is not so much of a problem. One way to do that is to offer a large down payment on the car. If you are able to put a significant portion of the car’s value down, this increases your chance of being approved for a loan. It lowers the amount you will need to borrow and proves that producing money is not an insurmountable challenge to you.


Even if you have bad credit, it is still possible to be approved for a car loan. Credit score is just one factor used in determining approval.

A Financial Primer on Buying a Used Car

Buying a used car is one of the bigger decisions a consumer makes in his or her lifetime, so getting it right is important. In reality, the financials of buying one of our used cars isn’t really all that complicated; nonetheless, there are several key things to keep in mind. Following these steps will help the buyer master the financial aspects of car buying.

Paying Cash

If the car buyer has enough cash on hand, it is always nice to pay for it all at once. Not having monthly car payments can free up money for other things and leave a cushion for maintenance costs. The buyer should make sure he or she has enough money left over to pay for gas, routine repairs, license fees and car insurance. Also, sometimes the buyer can negotiate a better purchase price by paying in cash.

Getting a Loan

When taking out a used car loan, there are a few rules of thumb to keep in mind. It is a good idea to put 10 percent down on the car and to try to pay off the entire loan in three to four years. The total cost of the car should not exceed 20 percent of the buyer’s monthly take home pay. These are just general guidelines and the loan should be structured to meet the budget of the buyer.

We offer a full service finance department that can guide customer’s through the steps of getting a car loan. In most cases, this can be taken care of in an hour or two. It is a great convenience for the buyer to handle everything all in one place.

Saving Money

Used cars are a great deal for the buyer. They can save the customer a large sum of money by reducing purchase price, taxes and insurance costs while providing a vehicle that will provide dependable transportation for years.

Three Perks of Purchasing a Car Maintenance Program

Coverage for prepaid maintenance plans ranges from one make to another, and can run from basic oil changes and tire rotations to full coverage for up to five years. Some programs even include free roadside assistance. If you sell your vehicle before the designated end of your maintenance program, coverage extends to the subsequent owner, which may help raise your resale value. Prepaid plans are geared towards creating positive relationships with customers, and are used as a negotiable perk on the sales floor. As such, they often offer services at a substantial discount to outside prices.

Enjoying the Amenities of a Dealership Service Department

When it comes to car repairs, many would rather pass a kidney stone than visit their local mechanic. Luckily, dealership operated service departments offer the same car maintenance services as your local garage, but with many additional perks such as coffee, massage chairs and free wifi. This can turn a much dreaded experience into a calm, relaxing part of your day.

Convenience Factor

Your only responsibility is to bring your car in at the manufacturer determined mileage intervals, and the dealership does the rest. The dealership will notify you when it is time to complete a service, and all records of maintenance will be kept in the same system, and will be available on request. Thorough maintenance documentation can help keep your car in warranty, and can come particularly in handy by increasing the resale value when you and your vehicle part ways. The most comprehensive programs even include valet pickups and dropoffs, so you maintenance can be completed without a need for you to even leave your home.

Locking In the Price of Maintenance

With prepaid maintenance plans, all costs are known and paid for in advance. Typically, the cost is rolled in with the total vehicle cost. This means that price increases will not affect your budget. This also means that the final dealership cost of the vehicle is a closer reflection of the total operational costs, and so can be better budgeted for.

Helping Used Cars Last Longer

Used automobiles are the most common mode of transportation for most people. The individual life of any used automobile can be dramatically extended if you give it a little TLC and proper maintenance.

Follow the Maintenance Schedule

The owner’s manuals for used cars will give you a guideline for how often you should get an oil change and when it needs to be serviced. Don’t skip the routine stuff, it’s what keeps most vehicles running smoothly for years.

Replace Parts Before They Become a Problem

If your mechanic tells you the brakes will need replaced soon, go ahead and get them replaced now. Most people who start out thinking, “I’ll do that in the next few months,” forget about it until they’ve burned through their brakes or damage has been done. Preventive care is much less expensive than repairs.

Minimize Short Trips

Every time you start your engine, it takes a toll on gas mileage, your muffler and the engine itself. If you have errands to run, combine them whenever possible. If you have a short commute to work of just a few miles, see if you can carpool with someone or rideshare. A few longer trips are better for your car than a lot of short ones.

Check the Fluids Regularly

Oil, antifreeze, transmission fluid and power steering fluid should be checked and either topped off or changed regularly. The time to add more fluids is not after you’ve burnt up the oil and incurred expensive repairs.

Rotate Tires

Rotating the tires on used cars helps lengthen the life of both the car and the tires. Tire rotation reduces uneven tread wear and improves the vehicle’s ride. In most cases, you should rotate them every 8,000 to 13,000 kilometres or twice a year.

Change the Air Filter

Whether you do it yourself of have it done by a mechanic, changing air filters prolongs the life of used and new cars, improves acceleration and ensures better gas mileage.

Used cars can last for years if you take care of them properly following the above recommendations.

How to get More Life out of Your Used Vehicle

Unless you’ve got a lot of time and money on your hands, and you’re an expert at restoring and preserving vehicles, your car won’t last forever. However, this doesn’t mean you can’t get more longevity out of your vehicle and drive it for many years to come. If you pay attention to some simple maintenance tips, you can drive a reliable vehicle much longer than you may think.


Oil Changes


It may be easy to overlook this essential service, but it’s not a good idea to put it off. Your local dealership can easily perform this job for you in a matter of minutes. An oil change will remove dirt and sludge from the engine and will help it run more efficiently. Oil changes will also improve your gas mileage as well.


Change the Filters


This is something you should do in connection with changing the oil. When the dealership mechanic takes care of your oil, he or she will likely pull the air filter. You should replace it at every other oil change. Don’t forget about the fuel filter, either. These are relatively simple and inexpensive tasks that can improve the way your car runs.


Transmission Check


Used cars can spend time at the dealership repair shop, but you can prolong some of the most costly repairs with diligence and regular maintenance. If you don’t want to fork out a few thousand dollars fixing the transmission, have it checked every 50,000 by a skilled mechanic at your local dealership.


Stay on Schedule


There are many services you should pay attention to. If you get behind on maintenance and upkeep, your car will suffer. Read your owner’s manual and know what services are due for a checkup.


When you take used cars to the dealership for regular maintenance, your car will be in better shape. It’s important to take ownership and to get serious about these matters.

Financing a Used Car: What are Your Options?

Nothing is free, and used cars are no exception. There are several financing options available to you when you’re looking to purchase a used vehicle, and chances are you’ll opt to mix and match them. Either way, the suggestions below should be helpful in better understanding the alternatives you have for paying for your car.


  1. Pay Cash


If you can afford it, cash up front is a smart decision. The more you pay in cash, the less you pay back in loans or worry about credit. Still, putting this kind of money away often requires time, patience and no small amount of will power. It might mean cutting down on those fast food runs, taking extra shifts or staying late at work.


  1. Research Dealership Financing


Dealerships often offer financing options of their own, so this alternative merits looking into. Make the phone calls, read the paperwork, and don’t enter into anything uninformed.


  1. Make a Substantial Down Payment


The more generous your down payment, the less you’re paying off later so don’t be afraid to save your pennies and make that payment substantial. This should enable you to have lower or fewer monthly payments on the vehicle, and perhaps even to borrow less from the bank and in turn minimize your debt.


  1. Take out a Loan


Many people need loans to buy a car, so it’s okay if you do, too. Be sure to thoroughly research interest rates, get preapproved, and only borrow what you need.


  1. Study Your Credit Report


Carefully reviewing your credit report can actually help you discover errors that you may be able to correct and make it look more appealing to potential lenders. Improving your credit score is something else that can take a good deal of time to accomplish, but when you get that preapproval paperwork all signed, it can be well worth it in the end.


The above options are great methods for financing the purchase of used cars. These tips should help you understand the plethora of choices for financing your vehicle.

What To Know Before Buying A Used Car

Are you scared every time you take the road? Is it time for you to upgrade your ride? If you’re in the market for a car, here’s how we can help you narrow down the used cars that can meet your needs.


How Much You Can Afford

Not everyone is able to afford the latest car models. We believe that you should be comfortable in your car as well as paying the bill. That’s why we work with you to find the best car that fits your budget and if you’re interested, help you find the right lending opportunities. Determine what you can afford first before making any other moves.


Choose The Right One

You need to make sure you get a car that fits your needs. This includes accounting for family size, lifestyle, highway versus city driving, and more. When you visit our dealership, our team can work with you to decide which cars are the best fit for you.


Where Has It Been

We know that you want to know what your potential new car has gone through. We feel the same. We use industry standard procedures to ensure that the cars in our dealership undergone a thorough background check.


Will It Last

Buying used cars can be scary. No one wants to buy a car that breaks down a week later. That’s why we take great care to inspect and test all of the vehicles that we acquire. We want to make sure that we sell reliable cars that will perform as you expect. Your satisfaction in this aspect is of utmost importance to us.


Contact Us With Any Questions

If you need help finding the right car or have questions about a car you’re interested in, don’t hesitate to give us call. One of our team members will be more than happy to help you find the right car for you.

The Benefits of Buying a Used Car

Used cars often get a bad rap, but the truth is that used vehicles have the potential be great investments. If you are in the market for a new car but either don’t have the money to buy a new-new one or don’t want to finance a new model, a used car may be just what you need. Here are just a few reasons buying used may be the best investment you make:


Minimize Deprecation


The minute you drive a new car off the lot, it depreciates in value. A vehicle that is just two years old depreciates as much as 45 to 55 percent. This can be disheartening for someone who spends $30,000 on a vehicle only to realize that they can only get $10,000 to $15,000 for it in the future. If you want to minimize deprecation, purchase a used car that has already depreciated as much, or nearly as much, as it is ever going to.


Save on Insurance


The more expensive your vehicle is, the higher your insurance premium is going to be. If you want to keep your monthly expenses as low as possible, shop used cars. Not only will you save money simply by buying a vehicle of lower value, but you may be able to drop certain coverage, such as collision and theft coverage.


No Monthly Car Payments


When you buy a new vehicle, you’re looking at making monthly payments for the next three to seven years. That’s a long time for a vehicle that won’t be worth half of what you paid for it in two years. When you buy used, however, you can either pay for the vehicle in cash or finance it for a year or two. Either way, your monthly burden will not be nearly as great as if you were to purchase a brand-new vehicle.


Buy a used car can be a great investment when you shop smart. If you want to minimize deprecation, save on insurance and eliminate the dreaded car payment, shop used today.

How To Find an Exceptional Used Car

Every day our lots are filled with hundreds of great used cars. We stand behind our cars and won’t put them out on the lot until they are completely clean and checked for defects. Among our cars, though, are some truly exceptional deals: excellent cars at great prices. Here are a few tips for finding the best previously owned cars for sale.


Do Some Research


It always pays off for the customer to do a little research when shopping for a used car. There are a number of industry reports that provide excellent information for the car buyer. Kelley Blue Book is a great source of data on the market value of a car and consulting this can help the buyer negotiate a favorable price. Carfax and AutoCheck can give the vehicle’s history and alert the customer to cars that have had a serious accident in its past.


Consumer Reports and J.D. Power come out with annual reports that analyze the reliability of hundreds of used car models. While almost all pre-owned cars nowadays are pretty good when it comes to dependability, some models definitely outperform the crowd and are above average. Finally, a customer should look for reports that detail a car’s depreciation rate as well as its total cost of ownership, which considers maintenance, insurance and operating costs.


Walk the Lot


We also recommend that customers come in and take some time walking our lot. The look of a car is an important consideration for many buyers. We offer many different makes and models of cars so we think it is a good idea for a customer to see what is available. The final step is taking one of our used cars out on a long test drive. This can tell the customer if he or she will be happy driving this car for the next few years. These steps should lead the buyer to an exceptional used car.