How To Buy A Car Online The Quick And Easy Way
Just a few decades ago, you had to visit the car dealership to see their selection. Finding the perfect vehicle might take days or weeks as you traveled between lots. However, today, to make the car buying process easier, most dealers list their inventory online. Thus, you can look for a new or pre-owned car at your convenience from your home. In fact, learning how to buy a car online is an easy process, which is why online car buying has become so popular. With a few clicks of your mouse, you can find the car you want. A few more clicks and you can schedule a test drive, and get pre-approved for a loan.
New car dealerships are not the only ones to employ online technology to sell cars. Many used car dealerships list their inventory online too. And with concerns about transmission of COVID-19, many consumers have increased online interactions with dealers. Online price negotiation, financing, and even purchasing percentages have all seen upward trends. Every car buyer seems to be seeking out a car dealer with a great online selection.
At Peters Auto Mall in High Point and Greensboro, we understand your safety concerns and continue to work hard at making your car-buying experience exceptional. Thus, we now offer a complete online buying service. From handling all the paperwork to the delivery of your next car, you never have to step foot inside our showroom. Now that’s customer service!
Benefits of Buying A Used Car
One of the biggest cost saving benefits of buying a used car is depreciation. Assets, such as a car, lose value due to usage over time. A brand-new car loses value just by driving it off the lot. Generally, your brand-new car will be worth between 15-20% less than your purchase price in the first year alone.
Depreciation does indeed slow down over time. So, when you buy a used car, your vehicle will retain much more of its value. And with cars lasting much longer than even a few years ago, you can save thousands of dollars. According to the Bureau of Transportation Statistics, the average age of vehicles on the road in 2019 was 11.8 years. Moreover, with improvements in powertrain technology, rust prevention and lubricants, the lifespan of all vehicles has greatly increased. Thus, where years ago you were happy to reach 100,000 on the odometer, today you can easily pass 200,000.
Plus, you can save on other value-based fees. Registration, sales tax, and insurance premiums are all based on the value of your car. You can save hundreds of dollars on these fees alone by purchasing a used vehicle.
Why It Makes Sense to Buy A Car Online
Even in pre-pandemic days, the explosion of the internet has changed the way most consumers shop. With information at their fingertips, shoppers can conduct extensive online research before they buy a used car online. According to Google, 95% of vehicle buyers do indeed use online sources to conduct research.
Today, with concerns about ridesharing and health safety, more consumers are considering purchasing a car. Moreover, about 1/3 of these consumers have pushed up their timeline due to the pandemic. These same consumers are looking for more online service options to complete the sale. Dealerships, including Peters Auto Mall, are ready to meet this demand.
We have hundreds of vehicles of all makes and models listed online for sale. You can see interior and exterior views as well as a listing of all options and features. With a few clicks of your mouse, you can calculate your payment or get pre-approved for a loan. Additionally, you can schedule a test drive. In accordance with CDC guidelines, we thoroughly clean and disinfect all vehicles for your safety. However, if you prefer to complete the transaction online, we can easily accommodate you.
The Online Buying Process Is Basically the Same
Whether you buy a car at the dealership or online, the steps are the same. Whenever you make a large purchase such as a car, you always need to do your research. And the first place to start is with your budget. If you don’t know how much you can spend, how do you know your price range?
So, the first step is reviewing your finances. Begin with a monthly payment that you’re comfortable with. Be sure to consider extra expenses not included in the purchase price when figuring out your budget. Factor in your insurance cost as well as general maintenance. Then, use a financial calculator to determine the maximum amount you want to spend on your purchase.
Once you’ve got your loan amount calculated, it’s time to shop for an auto loan. By shopping around for financing options, you know you’ll be getting the best deal. With a pre-approval in hand, you don’t have to worry about which vehicles are affordable. You can focus on cars that fall in your price range.
Your credit score is very important in the terms of the loan and even in securing the loan. Often, lenders offer different rates based on your credit rating. Sometimes, if you have bad credit, you may even be turned down.
But not at Peters Auto Mall. We’ll find financing for you no matter your credit situation. Using only trusted finance sources, we’ll find the best rates and payment options for you. We’ve been helping customers with financing for over 25 years.
It’s Time to Start Your Researching of Vehicles
The sheer number of automobiles with all their different options for sale can be overwhelming. Trucks, SUVs, sports cars, family cars, full size, midsize, compact, luxury. The choices are staggering. While you may know the type of vehicle you want, which make or model is the best for your needs?
It’s no secret that certain automakers have a reputation for building safer and more reliable cars. Often, even in the used car market, this means a higher price tag. Sometimes, you may be willing to pay more. Other times, by doing research, you may find a cheaper alternative with equal safety and dependability ranking. Additionally, options and fuel efficiency are concerns for most car shoppers.
One place to start is at U.S. News & World Report. They rank cars based on published reviews from respected experts and data from third party sources. Performance, interior comfort, reliability, and awards are some of the criteria they analyze. In addition to a scorecard averaging the 6 key components, you’ll find in-depth insight into their rating.
J.D. Power is another great place to research cars starting with the year 2000. They base their ratings after surveying hundreds of thousands of owners for detailed feedback. Their score is a mixture of quality and reliability, driving experience, and resale value. Plus, their assessment includes verified owner reviews.
Crash Tests and Overall Safety
If you want more detailed crash test information than U.S. News & World Report offers, head over to NHTSA. Since 1978 the National Highway Traffic Safety Administration has conducted crash tests to rate vehicles according to safety. Their 5-Star Safety Ratings program evaluates how vehicles perform in front, side, and rollover crash tests. It is the only organization that rates rollover resistance. Additionally, NHTSA provides information about recalls.
The Insurance Institute for Highway Safety (IIHS) works in conjunction with the Highway Loss Data Institute (HLDI). Both are dedicated to reducing losses, injury, death, or property, from automobile crashes. IIHS conducts its own crash tests providing consumers with a rating based on test results. Additionally, HLDI publishes insurance loss statistics on most vehicles under six types of coverage for damage, injuries, and theft. Moreover, IIHS awards a Top Safety Pick designation to the best performing vehicles in each class.
Don’t Forget Your Vehicle History Report
The last piece of research to help you find a reliable used car is a vehicle history report. These reports show all previous owners, odometer readings, accidents, and service details. All you need is the VIN to access the information. Moreover, many dealerships will provide one for free on any vehicle you’re interested in.
Carfax is the most well-known of all history reporting agencies. Utilizing information from more than 112,000 data sources, Carfax can provide a report on every car staring with 1981. Detailed and comprehensive, you’ll see information about each owner including mileage, service records, and reported accidents.
AutoCheck is another vehicle history reporting agency. Their report includes a patented AutoCheck Score®. This score helps you assess a vehicle’s predicted reliability against others in its class. Based on several key indicators, it lowers the risk of buying an automobile with undetected problems. And similar to Carfax, AutoCheck also has a buyback guarantee.
At Peters, We Love to Take Trade-Ins
Very often when you want to buy a new automobile, you need to get rid of your old car first. Selling it on your own is one option. This involves advertising and waiting for someone to call about your car. It could take weeks or even months for you to get a response. Then, too, you have to meet with strangers, incurring some risk. It’s better to be safe and sell your car to the dealer from which you’re buying your next one. Above all, do not give strangers your home address, since it’s much safer to meet them in a public place. The issue, of course, is that they will want a test drive and after negotiating, may change their mind and you must begin the process all over again.
An easier way is to simply trade in your old vehicle and let us handle all the details. We pay top dollar and handle all the paperwork. Remember to bring your title or payoff statement, a valid ID for all owners, and all service records that you have. Best of all, there’s no pressure to buy from us. But you might just find the car of your dreams in our inventory. When you do, we’ll apply your trade-in value towards your new purchase.
Simply bring your car down to us anytime, you never need an appointment. Our specially-trained appraisers will evaluate your car. In about 15 minutes, we’ll provide you with an offer. One that is good for 7 days, so you can think about it.
How to Buy A Car Online the Right Way
The car buying process has changed over the last few decades. Once, the only way to find your dream car was to walk through aisles of vehicles. Today you can complete the entire transaction online. If you’re not sure how to buy a car online using your computer, don’t worry! At Peters Auto Mall, we make the car buying process easy and simple.
In 1993, Keven and Angie Peters started the dealership with a vision, to provide quality customer service. Our mission is the same now as it was then, to make the car buying process easy and enjoyable. We start by selecting only the highest quality vehicles to sell. Then we put them through our 125-point inspection process. On average, we spend 12 hours per vehicle confirming every aspect of the automobile is safe and reliable.
We also understand the importance of owning your own automobile. That’s why we offer financing options with monthly payments you can afford. And we can find a car loan for everyone, even if you have credit issues. Plus, we pay top dollar for trade-ins.
So head on over to our website. Browse our huge online inventory. If you have any questions or get stuck, just give us a call at 336-434-1600. Online or at our dealership, whichever way you want to buy your next automobile, we’re here to help.