How to Find Reputable Used Car Dealerships Selling Quality Automobiles
Years ago, consumers avoided buying a used car. Sometimes, you ended up with someone else’s mechanical headache. Often, automobiles just didn’t last long enough to justify buying used. However, today it’s financially intelligent to buy a quality used vehicle. With the cost of brand-new cars continuing to rise, many consumers simply cannot afford them. And with cars lasting longer, it’s never been a better time to buy a used vehicle. But where can you find reputable used car dealerships with a large inventory and great customer service? Right here in the Piedmont at Peters Auto Mall.
Kevin and Angie Peters started with a small car lot in Hight Point in 1993. They shared a vision, to make the used-car-buying experience enjoyable. Today, the business has grown to 3 large lots with a huge inventory of used vehicles. But our vision remains the same, to provide you with quality customer service. From our first interaction to the sale and servicing of your car, we’re there whenever you need us.
Furthermore, while other used car dealerships may turn you down for bad credit, we understand. Anyone can have financial problems at some point. That’s why we have financing options for everyone with a monthly payment you can afford. And we understand that you want dependable and reliable pre-owned vehicles. Therefore, our vehicles undergo an extensive 125-point inspection. But we’re also there after the sale with our outstanding service department to keep your car running efficiently. Come down and visit us and experience the Peters difference.
Why Buying a Used Car Is a Good Value
Whereas years ago, many people shunned buying a used car, today it makes sense. First, fees, such as registration, sales tax, and insurance premiums are lower because your purchase price is lower. This translates into more money in your pocket. Plus, for the same amount of money, you can get a lot more features from a used car. Additionally, used cars retain more of their value than a brand-new car.
For example, a brand-new car loses much of its value within the first 3 years. In fact, consumers can expect a 50% decrease in value in this time period. As you drive your vehicle, it experiences wear and tear, which also decreases its worth. Age is another factor that causes your vehicle to lose value. All these factors make up what is known as depreciation. Typically, new cars depreciate at a much faster rate than used cars. So, when you buy a quality pre-owned automobile, your vehicle depreciation rate will be much less. The original buyer lost that depreciation during the first couple of years. But your used car will keep most of its value. This online calculator will show you how much a car will depreciate over the years.
Moreover, today’s cars last much longer than even a few years ago. With improvements in powertrain technology, rust prevention, and today’s more advanced lubricants, cars are more reliable and durable than ever before. Most cars can easily make it to the 200,000-mile mark with proper care. It wasn’t all that long ago that car owners were lucky to make it to the 100,000-mile mark.
The First Step: Review Your Budget
Before you even start looking at used car dealerships, you need to figure out how much you can spend. Some experts recommend that your car payment shouldn’t exceed 20% of your take-home pay. Once you’ve figured out your maximum car payment, the next step is to figure out your loan amount. You can use our online calculator here. Simply input a loan amount to find the loan payment. Then, when you have a payment that matches your budget, you’ll know how much to spend on a vehicle.
Your next step is to get pre-approved. If you have good credit, you can easily get pre-approval from your bank or credit union. Having financing in place with your financial institution gives you an additional negotiating tool.
But what happens if you don’t have good credit? What if you’ve been late or missed a payment on an existing loan? Will this prevent you from buying a car? Maybe at other dealerships, but not at Peters Auto Mall. Even if you have bad credit, we’ll find financing for you within your budget. We use trusted finance sources to discover the best rates and payment options for you. After all, we’ve been helping customers with their financing for over 25 years. Our reputation depends on making fair deals.
Research Your Vehicles
Once you’ve got your finances in place, it’s time to start researching vehicles. US News & World Report ranks used cars by price, highlighting the best make and model for every budget. As you browse, make a list of 3 or 4 cars you’re interested in. Now, it’s time to start shopping.
Generally, the used car market follows the rules of supply and demand. If a certain make and model is in high demand, you can expect to pay more. On the flip side, you can get a great price on a vehicle that gets less interest. However, you do need to balance low cost with desirability. Some inexpensive automobiles aren’t even worth their cheap price. A reliable vehicle will always cost less in the long run. You don’t want to purchase a vehicle and then have to pay for a major repair. A car or truck that has been well-maintained is always a better value.
For further research, you can use Kelley Blue Book or Edmunds to compare the prices of cars. Both are well-known names for providing comprehensive vehicle information. By researching your vehicle on these websites, you can be sure you’re getting a good deal.
Get Ready to Take a Test Drive at Used Car Dealerships
Once you know what you’re looking for in a vehicle, it’s time to start shopping. Sometimes, you may need to go from lot to lot to find what the car you want. But not at Peters Auto Mall. We’ve got a huge selection of pre-owned vehicles among our 3 lots. Moreover, our entire inventory is online. When you see something you like, it’s easy to make an appointment for a test drive. Simply click on the green button to the right of the vehicle’s picture.
When you test drive the automobile, it’s important to keep several things in mind. Certainly, there are the obvious items like the inside smell, as well as the condition of the exterior and interior. Also important is the handling of the car and engine sound when you’re driving. You should feel comfortable in the driver’s seat with the steering wheel in a convenient position. Remember to sit in the back seats to see how much legroom is available. Finally, check the rearview and side mirrors for visibility and potential blind spots.
After you’ve found the car of your dreams, don’t forget to ask for a Carfax report. Carfax provides history reports on every used car since the model year 1981. These reports disclose information about a vehicle’s owners, accident history, and additional important facts.
Can I Use My Old Vehicle as a Down Payment?
Generally, if you have an old car, it has some value. You can use this value by trading in your car to the dealer where you’ll be buying your new car. Then, you can use the trade-in value as a down payment for your new car. Thus, your monthly payments will be lower.
While you can sell your old car on your own, this involves a lot more work and personal risk. First, you have to advertise. And it may be weeks or even months before someone is interested. Then you have to meet prospective buyers. This can incur safety risks as you must meet with strangers and let them drive your vehicle.
Whereas trading in your car is a simple and easy process. You bring your car to the dealership, with the required documentation. Then, sign a few papers and drive away in the vehicle of your dreams.
At Peters Auto Mall, we make the transaction effortless and uncomplicated. Simply bring your car down to us at any time; you never need an appointment. We have on-site appraisers that undergo special training to uncover your vehicle’s highest value. After inspecting your car and taking it for a test drive, we’ll present you with an offer. One that is good for 7 days. So, you can go home and think about it and not feel pressured.
Should I Consider Buying a Certified Pre-Owned Vehicle?
CPOs or certified pre-owned vehicles became popular when consumers were returning cars to dealerships in excellent condition. Some of these vehicles were low-mileage trade-ins, others were lease returns. Rather than send them to auction, manufacturers created these programs to resell the cars.
Typically, automobiles must meet strict criteria set by each manufacturer. Generally, CPO cars have lower miles and are newer, cleaner vehicles. Once chosen, the vehicle undergoes a rigorous, multi-point inspection and reconditioning. The manufacturer also extends the original warranty as well as offering other perks. Roadside assistance, oil changes, and loaner cars are just a few of the extras that they typically offer.
While these features bring the consumer peace of mind, they come with a cost. CPO vehicles are always considerably higher in price. However, you don’t need a CPO car when you’re looking for assurance when buying a quality pre-owned vehicle. Just shop at Peters Auto Mall.
At Peters Auto Mall, we put each vehicle through a 125-point inspection before we put it on the lot. On average, we spend over 12 hours per vehicle verifying its safety, reliability, and performance. We check suspension, brake system, engine, cooling system electrical system, and the air conditioner. Thus, you’re assured you’re getting a great car at a great deal.
Don’t Forget to Bring Your Car Back for Check-ups!
Sometimes, after you have purchased your vehicle, you forget to bring your car in for routine maintenance. If your car is running smoothly, you may simply put off a tune-up. However, if your engine is poorly tuned, your engine may burn up to 50% more fuel than normal.
Plus, by maintaining your vehicle, you’ll prevent costly repairs and extend its life. For instance, over time your car’s oil becomes contaminated with dust, dirt, and debris. Oil is important in keeping your engine cool and lubricating parts. When oil becomes dirty, it’s thick and abrasive causing more wear. Additionally, as oil gets dirtier, it provides less lubrication. The longer you put off your oil change, the more likely you’ll incur expensive repairs.
Moreover, routine maintenance can catch minor problems before they develop into major issues. For example, if your car is running low on coolant, you run the risk of engine failure due to overheating. This can also lead to safety issues such as your car breaking down late at night. Additionally, a well-maintained car will sell at a higher price when you decide to sell it.
At Peters Auto Mall, we offer complete auto repair services. Our mechanics are experts at engines, brakes, transmissions, exhausts, or anything else that’s broken on your car. We make servicing your vehicle fast, efficient, convenient, and easy. Plus, we’ll diagnose your check engine light absolutely free. Additionally, we are a state-certified inspection station. Moreover, with each service over $50, we include a free wash. When you want a trusted mechanic and a company that stands behind its work, choose Peters Auto Mall.
Buy from One of the Best Used Car Dealerships in the Piedmont Area
If you’re in the market for a quality used car, you don’t have to look further than Peters Auto Mall. From our humble beginnings, we’ve grown into the #1 used car dealership in the Piedmont Triad area. But we still know how to treat you like family, making your transaction simple, easy and even enjoyable. Our team of employees will help you through each and every step of the process making sure you’re satisfied.
So, browse our online inventory. We’ve got trucks, cars, vans, and SUVs. See one you like? Simply click on the green button to schedule a test drive. And if you have any questions, give us a call in Greensboro at 336-343-1610 or in High Point 336-434-1600.