Why Is It Better to Buy Used Vehicles From Buy Here Pay Here Used Cars Dealers Instead of New Ones?
Buying used vehicles is often a wise decision.
Especially if it has low mileage still.
This is true when compared to new cars for several reason.
One, you can save thousands of dollars.
Especially by accepting like-new vehicles rather than a brand-new one, customers can save a lot.
Two, traditional new car dealers need high credit scores to approve you for financing while there are many buy here pay here dealers that can accept you regardless of your credit score, but they only work with used vehicles.
It is true that some locations only offer older vehicles, but with a decent down payment and decent income combination, customers can be referred to car lots with newer models.
However, there are some elements to watch out for as will be discussed here.
Selling Tack Ticks Dealerships often "don't sell the steak, but sell the sizzle!" This means that sometimes they play on your emotions and sell you "emotional" propaganda rather than selling you the actual vehicle.
Be careful and stand your ground by reminding yourself constantly of what you need not what you crave! Ask yourself, "Can this really help me?" Title Problems You need to remember to look at the title very well.
It can provide valuable information about the car even if you do not ask for the car's history report.
For example, if the seller's name doesn't match the name on the title, then this vehicle has just recently been changed owners.
Although this can be great to indicate that the vehicle was just brought to the dealership, there can be a risk there too.
This is because if a vehicle is bad, meaning a "lemon," so many dealers find it hard to sell it and hence pass it from one to another causing rapid changes in ownership so the new seller might be acting only as the selling agent to the actual owner who is having a hard time selling the problematic vehicle.
Owners should be aware of what is known as "title washing.
" This happens when a vehicle has a "salvage" title but the owner attempts to hide this fact.
They move the vehicle and its title through several different states until the word salvage is dropped and then they can sell it as if it has a "clean" title.
It is recommended for customers to get a title guarantee in writing when they suspect that the title was played with.
This especially helps if you feel that the salesperson is not being totally honest with you with the vehicle's history.
Alternative Financing Options When used car dealerships wish to sell you a vehicle but you can't prove your ability to pay back the loan, they offer alternative programs.
One such option would be "Tote the Note.
" Under this program, customers would need to pay weekly payments and make no late payments as well as accept low-grade vehicles for a couple of years until they prove that they can be trusted.
Or until their situation gets better and they can provide proof of income that can support their higher payments.
Especially if it has low mileage still.
This is true when compared to new cars for several reason.
One, you can save thousands of dollars.
Especially by accepting like-new vehicles rather than a brand-new one, customers can save a lot.
Two, traditional new car dealers need high credit scores to approve you for financing while there are many buy here pay here dealers that can accept you regardless of your credit score, but they only work with used vehicles.
It is true that some locations only offer older vehicles, but with a decent down payment and decent income combination, customers can be referred to car lots with newer models.
However, there are some elements to watch out for as will be discussed here.
Selling Tack Ticks Dealerships often "don't sell the steak, but sell the sizzle!" This means that sometimes they play on your emotions and sell you "emotional" propaganda rather than selling you the actual vehicle.
Be careful and stand your ground by reminding yourself constantly of what you need not what you crave! Ask yourself, "Can this really help me?" Title Problems You need to remember to look at the title very well.
It can provide valuable information about the car even if you do not ask for the car's history report.
For example, if the seller's name doesn't match the name on the title, then this vehicle has just recently been changed owners.
Although this can be great to indicate that the vehicle was just brought to the dealership, there can be a risk there too.
This is because if a vehicle is bad, meaning a "lemon," so many dealers find it hard to sell it and hence pass it from one to another causing rapid changes in ownership so the new seller might be acting only as the selling agent to the actual owner who is having a hard time selling the problematic vehicle.
Owners should be aware of what is known as "title washing.
" This happens when a vehicle has a "salvage" title but the owner attempts to hide this fact.
They move the vehicle and its title through several different states until the word salvage is dropped and then they can sell it as if it has a "clean" title.
It is recommended for customers to get a title guarantee in writing when they suspect that the title was played with.
This especially helps if you feel that the salesperson is not being totally honest with you with the vehicle's history.
Alternative Financing Options When used car dealerships wish to sell you a vehicle but you can't prove your ability to pay back the loan, they offer alternative programs.
One such option would be "Tote the Note.
" Under this program, customers would need to pay weekly payments and make no late payments as well as accept low-grade vehicles for a couple of years until they prove that they can be trusted.
Or until their situation gets better and they can provide proof of income that can support their higher payments.
