Greensboro Used Cars – Dealerships that Provide Financing for Everyone

greensboro used carsFor many of us, we need financing to make a large purchase like a car. Having a good credit score, one that is above 660, is important when securing a loan. But what if you lost your job and fell behind with some payments lowering your credit score. Is it still possible to buy a quality used vehicle with financing? When searching Greensboro used cars for dealerships that provide financing for everyone, shop Peters Auto Mall.

Started in 1993 by Kevin and Angie Peters, Peters Auto Mall is now the Piedmont Triad’s #1 used car dealership. We’ve got a huge inventory of cars for sale ready to drive off the lot. Whether you’re looking for a late model year car or one a bit older, we’ve got one for you! Our Greensboro lot has a convenient location on West Market Street and is open Monday through Saturday 9 am – 7 pm. Whatever make or model, we’re sure to have a vehicle to fit your needs. Best of all, we’ll find financing options for you no matter what your credit status.

What’s All the Fuss About Credit Scores Anyway?

Credit scores have a basic goal, to help lenders understand the risk of lending you money. They’re calculated using your history of borrowing and repaying debts. Good scores range 670 and above, while fair ranges 550-669 and poor is anything below 550.

Many dealerships won’t consider lending you money to buy a vehicle if your credit score is below 600. Or even if you have no credit history.  But not Peters Auto Mall. No matter what your credit score is, we’ll work with you to secure financing. Using only trusted sources, we’ll find the best rates and payment options for you. We have been helping customers with their financing for over 25 years and have built our reputation on fair deals. Call us at 336-343-1610 and we’ll get your pre-approval instantly.

Used Cars – Are They Really a Good Deal?

Probably the biggest benefit of buying a used vehicle is not losing money through depreciation. Brand new cars depreciate rapidly within the first few years. In fact, most shoppers should expect a new car to depreciate by 50% within three years. That’s a lot of lost value. And if you’ve financed your brand-new car, you could end up owing more than your vehicle is worth. Moreover, not only will you save on depreciation by buying used, but insurance premiums and state registration fees are lower.

Typically, a few decades ago, it was a huge milestone to reach the 100,000-mile mark on your odometer. Today, cars can last to the 200,000-mile mark and beyond.  Reliability and durability have increased with improvements in powertrain technology, rust prevention, and lubricants. Additionally, parts are generally more reliable. Plus, computer and electrical systems have reduced breakdowns and improved engine efficiency.

It’s true that buying used cars in past years was a tricky business. However, today there are many tools to help you make a smart buy. Additionally, access to the internet has made used car buying easier and safer. You can research vehicles for reliability and dependability. Car history reporting agencies like Carfax reveal vital information about specific vehicles including owners, record of maintenance, and repairs. Undoubtedly, there’s never been a better time to buy a used car.

Greensboro Used Cars – Shop a Dealership with a Convenient Location

The used car market is exploding. It’s predicted that 2019 will see over 40 million used cars sold. Primarily due to rising prices of new cars and high interest rates, buyers are increasingly buying used. When searching Greensboro used cars for a location near you, shop Peters Auto Mall. We’ve got one of the largest inventories of used cars in the Piedmont Triad Area. With financing options for everyone, we’ll get you behind the wheel of your new car quickly and easily.

Plus, we accept trade-ins. Our onsite appraisers can evaluate your car anytime, no appointment necessary. We’ll present you with an offer that’s good for 7 days. So, you can go home and think about it without any pressure. If you want, you can apply your offer to the down payment of your new car. And with our stellar service department, we’ll keep your new car humming at peak efficiency.

So, give us a call today at 336-434-1610 to answer any questions about our car buying experience. And let us show you how easy it is to get behind the wheel of your dreams.