Knowing What You’re Getting In a Used Car

You may not enjoy going car shopping and for good reason. The sales people may make you uncomfortable by trying to persuade you to buy a car that you may or may not actually want. Sometimes it is difficult to withstand their pressure and you may walk away feeling as though your voice wasn’t heard or you didn’t get a good deal. This can cause you to avoid going to the car dealerships because you don’t want to encounter these high pressure sales tactics. But have you ever thought why you should buy used cars from the dealer?

There are various reasons why you should buy from a dealership. The dealership will give the vehicles an inspection that the average owner cannot provide. The cars that come to the dealership are usually bought or used to trade with so are of value and not junked cars. When you make a purchase from an individual owner, you don’t have any way to guarantee that it is in good working condition unless you have it inspected by a third party company. This will cost you extra money but at a dealership this inspection is already done before it is put on the lot.

One of the greatest reasons why you should buy used cars from the dealer is that a dealer will have a variety of cars for you to try at one time. You may have your mind set on a certain car and model. You have driven it and can afford the year and model you prefer but did you ever think another type of car or even a new model would drive better and be in your price range?

It can be a difficult decision to choose a used car for your primary vehicle. You want one that is affordable yet stylish. If you are asking yourself why you should buy used cars from the dealer, you should visit a reputable dealer like us to get some great options and pricing.

Save Money and Buy a Used Car

When you are looking to buy a new vehicle for yourself, you are going to have to make a lot of decisions. There are many different angles that have to be covered in regards to your future ride. If money is a concern of yours, then you might be doing yourself a favor by opting to buy used cars. There are plenty of reasons that this is a more sound financial decision for you to make in the long run.

Immediate Savings

Right off the bat, you are going to save money when you opt to buy a vehicle that is used. This is because cars that have been driven already depreciate in value almost immediately. When you are looking into the various options that you have, you will notice that used options are always more affordable than others. This can be a great way to inspire your purchase, but there are other ways used cars allow you to save.

Insurance Savings

Insuring your vehicle is also a lot more cost effective when it is used. Insurance companies tend to put lower costs on vehicles that have already seen time on the road. This means that you will also wind up saving money over time. Your insurance will be at a place that makes you feel happy, and you will not have to worry about forking over a small fortune every month just to stay on the road.

Resale Value

Though cars tend to depreciate in value as soon as they are driven off the lot, the decline tends to slow down at a certain point. This means, if you are purchasing used cars for your needs, you will not have to worry about your vehicle losing immense amounts of value anytime soon. The loss is slow at a certain point, allowing you the option of selling your car for a fair price when the time comes.

Why Buying a Newer Used Car Makes So Much Sense

Buying used cars is a smart move, and there are even ways to make it smarter. We can guide you through the process so you drive off our lot with a nice car at a really nice price. One truly smart move is to buy a newer used car, one that is between one to three years old. This is often the sweet spot for getting a good deal and a fine vehicle.

Value

Everyone knows a new car loses a large percentage of its resale value when it is driven off the lot. Some estimates are as high as 30 percent. After that, the depreciation of a car stabilizes for several years. When the car gets much older, depreciation tends to speed up again. When you buy a newer used car you can also benefit from lower maintenance costs. It could be years before brakes, tires, batteries and windshield wipers need to be replaced. Larger repairs such as transmission or engine work could be even further down the road.

Reliability

Newer used cars tend be very reliable, making the prospect of being stranded somewhere unlikely. Dependability in a car is one of the things people value the most. Not only can breaking down in an unfamiliar place be expensive, it could also be dangerous. Most people do not want friends or family members driving an automobile that could break down.

Technology

With a used car that is only a year or two old, you should be able to enjoy all of the latest technology for safety, comfort and performance. These cars will likely have such features as Bluetooth, lane stabilization, rearview cameras, passenger side airbags and many other advances. With savings from buying a used car, you might even be able to afford a loaded vehicle.

We believe used cars are a wonderful value. They offer value, reliability and smart technology all at once.

Assess Your Needs for Optimal Selection of a Used Car

Walking onto the lot and looking at all of the choices of used cars you could buy, is equal parts exciting and overwhelming. There are so many important factors that go into choosing the perfect vehicle including your budget, the make and model, and even cosmetic things like the exterior color. However, assessing your needs is a critical step to take when narrowing your options. We hope to help you make the best decision by offering these suggestions for things to think about when selecting a new vehicle.

Cargo Space

Cargo space is the area you have to fill with various types of freight. This could be anything from groceries, to a stroller, to hiking and camping gear. For many buyers, cargo space is an important aspect to consider especially when the vehicle will serve as a mode of transportation for a family.

Fuel Economy

Long distance commuters are often inclined to look for used cars that have a considerable fuel economy. This gauge helps define a car’s ability to be efficient when traveling on the highway, especially during periods of heavy traffic. If you are looking for a commuter car to take you to and from work each day, fuel economy is an important factor you may wish to consider.

Safety Features

Many individuals with children seek vehicles that have certain safety features including child locks and back-up cameras. If there are specific features you wish to have in your vehicle, tell us about them and we can show you the used cars we have that meet these expectations.

Driving Conditions

Where do you drive and what is the weather like? Do you drive in a lot of stop-and-go traffic? Do you live in a place where ice and snow are prevalent? These factors are important to think about when making your selection.

By considering factors such as those listed above, you can have a solid idea of the kind of vehicle you want to buy. We are eager to show you our selection of used cars and to help you find something that is perfect for you.

How to Obtain the Best Car Loan Rates

When looking to buy a car at our dealership, we want you to get the best rates available for your loan. You can do this by following these tips and knowing what to ask for when you get here. These factors matter when trying to get the best rate on car loans.

Look for a Low Annual Percentage Rate

APR is the rate of interest that is added on top of your loan payments. The lower your APR, the less money you’ll pay back over the term of your loan. Negotiate for the lowest APR based on your credit history and consider deals we might be offering. For example, sometimes paying low interest with a large rebate might be better than taking zero-interest APR. Do your research.

Make a Down Payment

By making a down payment or trading in your previous vehicle, you won’t need as much financing as those who don’t. This obviously lowers the amount of money you need to pay back. Also, those looking to obtain car loans with bad credit can sometimes get a better APR by making a down payment because it’s less risky for us as your lender. It also shows us that you’re serious about paying in full.

Negotiate a Shorter Loan Term

We often offer car loans varying between 3 – 7 years. While taking a longer term may decrease the amount of your monthly payments, it also adds to the number of payments you make and how much interest you pay over time. By taking a shorter loan term, you’ll repay it faster for less money, so consider paying a bit more monthly to disburse less money over the term of your loan.

Following these four tips will help you gain the best rates for car loans when you buy from our dealership. By negotiating for a lower APR and shorter loan term as well as making a reasonable down payment, you can shave a large amount off the money you owe and the total of each payment.

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 Inspect a Used Car

Before signing your financing papers with us at Gateway Auto, it is imperative that you are happy with the car you are getting. The buying process encompasses finding the right car, test driving it and figuring out how to pay for the vehicle. One key aspect of purchasing used cars is running a thorough inspection to be sure you are satisfied with the quality of the vehicle.

One of the first steps is to obtain a vehicle history report from us. This will clue you in to any accidents in which the car was involved as well as the repairs that were made. The more comprehensive these reports are, the better you may feel about buying a used car.

Before you take the car for a test drive, conduct a visual inspection. Look over the vehicle at the paint job and feel free to note any imperfections. Some vehicles are sold as-is, but most are certified to get the car into prime shape. Note that the tires should be properly inflated and headlights and taillights should be intact and working properly.

Get in and out of the car multiple times to assess your comfort level with the height of the seat. You should also test out all of the vehicle’s systems, such as the heat and the air conditioning. Turn on the stereo and any other amenities such as a GPS system to ensure they are all working properly. When you start the car, note that it should start smoothly and easily.

Buying used cars can be a pleasant experience if you work with the right dealership and know what to look for in the vehicle. We want to ensure customer satisfaction, which is why we allow you plenty of time to inspect the car. Make sure all the vehicle’s systems are working properly and that you have an accident report for the car. Taking these measures will mean you can drive off the lot a happy, satisfied customer.

What to Look for in a Used Vehicle

Buying a used vehicle is a good way for you to save hundreds or even thousands of dollars on a car or truck. Used vehicles are less expensive, but may have hidden problems that the previous owner conveniently “left out” when selling you the car. Because of the lemons that are on the market, you should take some time to research the vehicle that you are considering and give it a thorough inspection before you make the purchase. There are a number of things that you should check to ensure the quality of the vehicle. Use the following list as a guide, but not as your only guide for making a purchase.

Mileage is one of the most basic things you will look at when making a used vehicle purchase is the mileage. The mileage is a guide to show you how much wear the vehicle has. It does not mean that all vehicles with high miles are bad and all that have low miles are good, but it will give you an idea of how much usage the vehicle has been subject to. Typically, vehicles get about 20,000 kilometres put on them each year so try to calculate the mileage per year the vehicle has.

The next thing that you should look for is rust. Rust is one of the most debilitating things that a vehicle can be subjected to. Body panels can crumble, frames can be weakened, and floors can rust out. If the vehicle you are considering has rust, you want to ensure that you are know the extent of the damage to the vehicle. If you feel like the damage is excessive, don’t buy the vehicle.

Before you even step on a lot to look at vehicles, check the price using an online pricing guide. These guides allow you to input the make, model, and options to find out what a vehicle is actually worth on the market. Once you know the price, you will have the upper hand negotiating when the time comes.

Truths About Car Loans

When it comes to car loans, many people have reservations. There are a lot of misconceptions out there about vehicle financing. Owning a car can be a big step. With a purchase of that magnitude, it’s important to look at all of your options. After all, you want to get your money’s worth without breaking the bank. Financing options can be more beneficial than paying off a car at once. Here are three truths about car loans that you should know.

Easy Application Process

If you apply for a car loan, the process is often more simple than a standard bank loan. Not only is it easier to apply, but the rate of acceptance is also higher. If you don’t have a high credit score, it isn’t usually a problem.

Low Risk Option

With standard loaning options, your assets can be at take if you default on your payments. This can affect your home. With a car loan, often, your assets are better protected.

Fixed Loans

Most people fear loans because of the APR rate. On standard loans the interest rates can go up and your payments may turn out to be higher than you hoped for, months or years down the line. With car loans, the rate is often fixed. Your payments will be the same throughout the life of the loan.

Dealership Perks

If you go with a bank loan, then odds are you won’t be offered many benefits from the dealership in the same way that you might if you take out a loan with them. Sometimes this may come in the form of an inspection or road service that adds value to the loan.

Purchasing a new car can be a big commitment. Often though, it is more than worth it. How you decide to finance your vehicle is important. When people think about loans, sometimes it’s a daunting concept. However, car loans tend to be easier, lower risk and help car owners understand exactly where they stand with the loan.

Tips on Buying Used Trucks

There are many things to consider when poring over a wide inventory of used trucks in hopes of finding the right one. The most common stream of thought to have is how the truck will be utilized. Is the truck going to be driven for commercial use, or for basic daily driving? Are you looking for something more rundown for off-roading excursions, or is an upgraded and comfortable model more your speed? Knowing the answers to these questions will help to set you on the appropriate path to finding the perfect truck.

It is safe to assume that people who prefer to drive trucks over cars are not afraid of getting their hands a little dirty. Being unafraid of grease and grime will come in handy at the car lot when looking underneath the truck. Inspecting the truck yourself is a step that should not be neglected when searching for a new truck to buy. Oftentimes, some places will hoist the truck in the air for you to inspect, or will do a complete inspection themselves for little to no additional fee.

If you are unsure of what to check, make sure an experienced technician conducts a thorough inspection of the truck and provides you with a very realistic assessment of required repairs along with the cost of each one. The main issues to check are the brakes, steering components, possible leaks, weak metal, and damage.

Additionally, try not to be distracted by a truck’s outer appearance. A new paint job adds a nice touch, but it is important to find out what the motivation was behind that fresh coat. Make sure to find out if it is covering scratches, rust, a dull surface, or any other possible defect. When it comes to used trucks, the goal is to find all about the history.

Once you have found the right truck to purchase, try not to second guess yourself. If you did your research, got the right price, and are happy with the outcome, do not worry that you missed out on something better.