When we look at options that are very low cost, like older used vehicles, it can become very challenging to find a loan that allows you to get that vehicle financed. On the surface, it doesn’t make sense; the car you are looking at is extremely affordable, but you can’t get financed for it. Why?
Seeking out a new car can be very exciting, but have you considered all the angles of a new car purchase? Even if you are dealing with damaged credit, you may still have a high enough income to technically “afford” a brand new vehicle. But stop and think for a minute. Do you really want to push the envelope of your budget just for the new car smell?
Buying a used car doesn’t have to be a stressful experience. You can successfully purchase a vehicle that will last for years if you just have a good plan and ask the right questions, eliminating as many unknown variables as possible.
If you find a car that you’re interested in buying, only to discover that it isn’t actually owned by the seller, you may want to think twice about proceeding with the purchase. Buying a car with a lien can be a lengthy and complicated process.
Who knew? It seems that Millenials are showing noticeable favoritism towards used cars over new cars, and they’re especially interested in certified pre-owned vehicles.
What’s so great about a certified pre-owned car? In many ways, you get the best of both worlds with a CPO vehicle. They’re generally “like new,” but much less expensive than brand new cars. They also come with warranties.
When is a bargain car not really a bargain car? When there is no certainty that the vehicle you’re purchasing will actually be reliable and problem-free. And while no used car purchase is completely risk free, buying from a dealer is a lot safer than getting a car from a private seller.