How to Get the Best Deal on Greensboro NC Used Cars
Everyone loves a good deal, but are you struggling to find the best deal as you’re shopping for your next vehicle? The numbers can seem confusing. Sometimes the exact same vehicle can be hundreds of dollars more when bought at one dealership versus another. So how can you make the most of your money when searching for Greensboro NC used cars? Here are our top five tips!
Know Your Budget before You Shop
One of the biggest mistakes you can make when shopping for your next vehicle is to have no idea what you want to spend. As you shop, you’ll simply see big numbers that indicate the total price of the car. However, this doesn’t tell you the full picture.
Before you look at large overall numbers, start by thinking of your monthly budget. We recommend checking out this article from Every Dollar about how to create a personal monthly budget. You’ll start by determining your monthly income, as well as listing out your expenses such as rent/mortgage, insurance, utilities, and other bills. Any money left over is what you could potentially spend on a car per month. (And keep in mind that this leftover amount is the maximum you can spend. Most people will want to spend less.)
Once you’ve determined your monthly budget, you should also consider your interest rate. Interest refers to the amount a lender will charge in order for you to receive a loan. The interest rate you’ll be offered depends on both your income and your credit history.
Additionally, you’ll want to think about how much you can afford to pay upfront as a down payment. If you don’t have much money saved for your down payment, you can also trade in your current vehicle. We’ll make an offer for your current car, and you have a full week to decide if our offer is right for you. Here are just a few reasons why many people find that trading in their car at Peters Auto Mall makes more sense than selling it to a third party:
- We give you a fair value. Our team will inspect your car and look at current Kelley Blue Book values to make you an offer.
- Selling your car privately can be a hassle. You have to take pictures, list the car for sale online or in the newspaper, field messages/calls about the car, and meet with potential buyers. It can take several hours over the course of several days or even weeks. Sometimes, an offer falls through at the last minute and then you have to begin the process all over again.
- When you sell privately, you also put your safety at risk. You’ll have to meet with strangers and allow test driving. It isn’t always safe, even if you live in a great neighborhood.
Once you’ve determined how much you can spend on your next car, it’s time to shop! Avoid cars that are outside of your price range. Instead, let a Peters Auto Mall team member know your budget, and we’ll show you used car options that will fit your needs.
Choose a Used Car that Holds its Value
To get the best deal on a used car, look for a make and model that holds its value well. Most new vehicles lose a large amount of their value the second you drive off the dealership lot. It’s why buying a used vehicle makes more sense than buying a new vehicle, for many people.
However, vehicles do continue to depreciate over time. Some depreciate more rapidly than others. The best deal is typically the used vehicle that has held more of its value. If you purchase a car that holds its value well, you’ll get more money for it when you trade it in or sell it some day in the future.
Here are just a few cars that have held their value well:
- Toyota Tacoma
- Nissan Frontier
- Dodge Challenger
- Subaru Impreza
- Honda Accord
This isn’t a complete list. A team member can show you used cars in our inventory that hold their value well, if this is important to you. Keep in mind that our inventory changes every week – sometimes every day – as we get in more pre-owned vehicles. So, if we don’t have what you want today, check back with us next week!
In addition to cars, we also have trucks, SUV options, and even vans. You can take any vehicle for a test drive to see if it is right for you.
Shop Around for the Best Deals on Greensboro NC Used Cars
Obviously, we think we have the best used car values in the Triad. However, we always recommend seeing what else is out there. Here’s what sets us apart:
- We do a 125-point inspection on every vehicle before it is available for sale. This allows you to be completely certain that you aren’t buying a car that will break down the second you drive away.
- Our sales team won’t pressure you to purchase a vehicle that isn’t right for you. We ask a lot of questions to learn more about your lifestyle and vehicle needs. And of course, we’ll always stick to your budget.
- We offer in-house financing options for qualified buyers and can work with most credit scores. As long as you have proof of income, we can help you find your next car.
- We’ll be upfront about the price you’ll pay, along with any governmental fees, financing charges, or other requirements. We don’t want you to find out halfway through the application process that you can’t afford the vehicle you actually want.
- If you’re worried about finding the right fit for your needs… don’t be! We have a VERY large inventory of car, SUV, and truck options. In fact, we just opened a third car lot to accommodate all of our vehicle options. You can now shop for your next car with Peters Auto Mall at our North High Point, South High Point, or Greensboro lots. (Click here for addresses and contact information for each lot.)
- You aren’t just a number at Peters Auto Mall. Each customer is a valued member of the Peters family. We know that every customer is different, so we take the time to actually listen to what you want.
When you schedule a test drive at Peters Auto Mall, there’s no obligation to buy that vehicle. You can search our online inventory here. Then, simply click the button to schedule a test drive for any vehicle that interests you.
Clean up Your Credit
If you’re going to be using financing to purchase a used car, we highly recommend cleaning up your credit first. This allows you to be eligible for a lower interest rate, which will save you money. There are a few very easy things you can do to make sure your credit is as good as possible.
First, start by paying any existing overdue debts. Delinquent accounts have a strong effect on your credit score. If you can’t afford to pay off all that is due, call the lender and ask for a payment plan that works for you. Most lenders will work with you, as long as you are paying something toward your debt.
Next, check your credit report for errors. Errors can happen simply because numbers are entered wrong. Sometimes, a similar name or account number can cause confusion. You may even see errors that don’t make sense at all. In these cases, always dispute the errors. Make sure to contact the company reporting the information, and use a debt professional to help if you can’t resolve the mistake yourself.
Another easy way to make your credit more appealing to lenders is to ensure that you have some open accounts that you are paying every month. It might seem like a good thing if you don’t have any credit card debt, student loans, etc. However, this makes you a riskier borrower, since lenders don’t know if you can be responsible with payments. For most people, it makes sense to have at least a few open accounts, such as a credit card. Just make sure you pay it on time every month!
If you’re working hard to improve your credit, a credit professional might be your best choice. They can help you improve your score so you get a better interest rate with most lenders.
Work with a Team You Trust
The number one way to get a good deal on a used car is to work with a team you trust.
It’s a myth that all used car dealers can’t be trusted. However, this stereotype exists for a reason. Many used-vehicle lots have poor practices aimed at getting more money out of customers.
So how can you protect yourself when shopping for Greensboro NC used cars?
Simply put, work with a trustworthy team like Peters Auto Mall. You can determine whether a team is trustworthy by seeing what their customers are saying. For example, here are just a few real reviews from Peters Auto Mall customers:
“Bryan at Peters in High Point was an absolutely pleasure to work with! Highly recommended if you are looking to buy a vehicle! He went above and beyond to help me get what I wanted in the price range I needed! Will definitely be back in the future!” – Brook C.
“We went to Peters Auto Mall just a few hours before closing, but thanks to Tristan and his excellent customer service skills, we were able to find, test drive, and finalize the sale of our new vehicle in a little over two hours. He made sure this was as easy and painless of a process as possible and it was by far the best car buying experience ever! Thanks, Tristan, for everything!!” – Nikki G.
“Andre made the process super easy and fun he was friendly and made sure I drove off the lot with what I came in for. I bought my first ever car from them yesterday and I couldn’t be happier!! 🤗 It was a lot easier than I thought, especially for my first time, and I will definitely be back in the future if needed. I absolutely love it!” – Nautica S.
We believe that customer service is the most important part of our business. We’re happy to answer any questions you may have, even if you don’t know much about vehicles. It’s important to us that you feel completely comfortable making such a large purchase! We’re eager to help people drive away in their new vehicle in just a few hours, but we also understand that some people may want to think about the decision overnight. We’ll never push you to make a decision on a sale before you are ready. You’ll also never have to haggle over a price at Peters. The price you see on the vehicle is the best price available, and we know you don’t want the pressure and embarrassment of having to negotiate.
At Peters Auto Mall, we’ll never pressure you into a deal. When you drive off into the sunset in your next car, you’ll be completely confident that you made the right decision. Most importantly, we want you to know you got a good deal on your vehicle. Here in the Triad, used vehicles can range from just a few thousand dollars to over $50,000. No matter what price range makes sense for you, we’ll help you find the right car, truck or SUV.
Remember that purchasing a pre-owned car is an even better value today. Why pay the high price of luxury options on a new car, when you can buy a used vehicle with many of the same features at a much lower price? You won’t have to pay extra for these options…you get the benefit of these features that someone else bought at the full retail price!
Are you ready to get started now? Simply stop by any of our car lots to browse our inventory. Or, get started by browsing online now and when you see a vehicle you like, simply click the “test drive this vehicle” button. We hope to see you at Peters Auto Mall soon.