How to Find the Best Used Cars Near Me in the Piedmont Area
Remember how you felt the last time you bought a car? You were excited about the look of the car and all the new features. And every time you passed a similar car on the road, you thought, that’s my car. But then you remember the buying process. Slogging from lot to lot looking for the car you wanted, negotiating the price and then the financing. That part wasn’t fun. This time, you want a better experience. When searching for the best used cars near me in the Piedmont Triad area, choose Peters Auto Mall.
Buying a new car should be a fun experience. And that’s exactly how Kevin and Angie Peters felt in 1993 when they started their dealership. Dedicated to outstanding customer service, we want to be your number one choice for quality pre-owned cars. So, we price all our vehicles with our no-haggle pricing. What you see is our lowest price. Plus, all of our vehicles undergo an extensive 125-point inspection assuring you of a quality automobile. With a huge inventory of vehicles and financing options for everyone, you’ll have the best buying experience, ever.
Plus, after you drive off the lot, we’ve got an exceptional service department to keep your car running efficiently. We offer complete auto maintenance and repair services covering all aspects of your engine. And we can service whatever make and model car you drive. With fast, efficient, convenient, and easy service, we’ll get you back on the road quickly and safely.
How’s Your Credit Score?
Generally, buying a car, even a used car, is a big expense. Most of us need a loan to be able to buy one. That’s where credit scores come in. Lenders look at your number and decide whether they’ll lend you money, or not.
Credit reporting agencies calculate credit scores using criteria such as payment history, total debt, and length of credit history. Each agency uses a slightly different method of calculating the score. A higher number indicates good credit while a lower number, poor credit. Generally, a number lower than 580 puts you in the poor credit category.
If you have a low credit score, you can try to improve it before you apply for a car loan. One way is to lower your credit utilization score. Credit utilization is a percentage of the credit you’ve used compared to the amount of credit you have available. The recommended range is below 25% while some advisors recommending 10% or lower.
Some dealerships and lenders will turn down a candidate with a poor credit score. But not at Peters Auto Mall. We’ll find financing for you with payments you can afford. Using only trusted lenders with the best rates and payment options, we’ll help you get funding for your car. For over 25 years, we’ve been helping local customers buy the car they need. We don’t want you to wait when you need a newer vehicle!
Is It Easy to Finance a Used Car?
Generally, it’s just as easy to finance a used car as it is for a new one. The current used car market is robust and overshadows new car sales by a large margin. Thus, lenders want to meet this demand by offering loans on pre-owned vehicles.
With that in mind, there are some items to think about when shopping for financing. A higher price tag generally means a higher loan amount. But a bigger loan means a higher monthly payment, unless you choose a longer loan term. Of course, a longer loan term will lower your monthly payments. So, you must weigh the options against your budget in choosing your financing. We can help you match your monthly payments to your budget, so that you can afford that car!
Get Pre-Approved for a Loan Before You Step on the Lot
Often, buyers will pick out the car they want before they see what kind of car they can afford. Since buying a car can be expensive, it’s important to find financing within your budget. Certainly, shop around for financing and if possible, get pre-approved. Having pre-approved financing in place may save you money. By doing your research ahead of time, you’ll know you’re getting the lowest possible interest rate with the shortest term.
At Peters Auto Mall, we’ll help you get financing with a payment you can afford. First, use our loan calculator to determine the loan amount within your budget. Simply input the vehicle price, interest rate, term, and down payment. Our calculator will compute a monthly payment for you. Then, call us in Greensboro at 336-434-1610 or in High Point at 336-343-1600. After asking you a few questions, we’ll get you pre-approved. Using only trusted finance 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.
Some Reasons It Makes Sense to Buy a Pre-Owned Car
One of the biggest reasons for buying a used vehicle is something called depreciation. As you drive your vehicle and as it ages, it loses value. In fact, brand new cars can lose more than 10 percent of their value in the first month alone. Then, over the next three years, it may lose up to 50% of its value. After that, the depreciation rate slows to a smaller percentage. Typically, too, some cars depreciate faster than others. When you buy a pre-owned car, the original buyer has taken the loss for the depreciation in the first year or so. You can buy the car at a lower price and still take advantage of its remaining life. We have many vehicles on our lots that have low mileage and you get to enjoy them for much less than buying when they were new!
When you’re working with a budget, buying used makes more sense. Because new cars are so expensive, you may not be able to afford the features you want. But with the price of pre-owned vehicles almost half of that of a new car, you can get more features. Typically, the average price of a new car is about $37,000. While the average price of used cars is about $20,000. Additionally, other fees such as sales tax, registration fees, and insurance premiums are much lower.
Also, there’s never been a better time to buy a used car! Cars are lasting much longer than ever before. While not so long ago, cars barely made it to the 100,000-mile mark, that’s no longer true. With improvements in technology, rust prevention, and lubricants, cars can easily make it to 200,000 miles and beyond.
Research Tools to Help you Find a Great Car
Before you even head to the lot, you can do some online research. With the online tools available, there’s never been a better time to buy a used vehicle. There’s a multitude of websites that rate and rank vehicles to help you make the best buying decision. And you can find exactly what you want to fit your budget before you visit the dealership.
Let’s start with one of the most famous consumer rating companies, J.D. Power. This company rates products based on the opinions of a sample of consumers who owned the product. It’s well-known for gathering information about service quality, customer satisfaction, and buyer behavior. Go to their website and research vehicles by popularity, reliability, dependability.
Another great research tool is US News & World Report used car rankings. For 30 years, U.S. News & World Report’s rankings have served as a valuable reference when making purchasing decisions. Their rankings analyze data and statistics from automotive experts and third-party providers. They break down their reviews by budget and car classification.
What about Crash Test Results and Recalls?
Undoubtedly, it’s important to know how a car performs in a crash. That’s why the Insurance Institute for Highway Safety (IIHS) publishes data on passenger vehicles grouped by class. IIHS analyzes six insurance coverages: collision, property damage liability, comprehensive, personal injury protection, medical payment, and bodily injury. You can view ratings by percentages and color-coding against other vehicles in its class.
Additionally, the National Highway Traffic Safety Administration (NHTSA) provides crash test scores and recall information. Since 1978, the NHTSA has been conducting crash tests on vehicles and rating them using a 5-star safety system. For the model year 2011, the NHTSA introduced tougher and more rigorous standards. Crash tests consist of frontal, side and rollover tests because these types account for the majority of crashes. Furthermore, the NHTSA reports vehicle safety recall information on any automobile for the past 15 years. Simply input a vehicle’s VIN to see if the manufacturer needs to repair it as part of a recall.
Vehicle History Reports and Value Tools
Also available at your fingertips is a vehicle’s entire history report. Certainly, a car’s past affects its value. Thus, since 1981, Carfax has been generating information to help you buy the right car. Their report gives you information like accidents, service history, recalls, and much more. Another history reporting company is AutoCheck. This company provides a rating score for an individual vehicle comparing it to other similar cars built that year. Typically, if you buy a car from a dealership, they will provide a vehicle history report at no charge.
Moreover, there are websites to check car values for trade-in or purchasing. Kelley Blue Book is probably the oldest and most well-known. The Kelley Blue Book® Price Advisor shows you used car pricing based on what others near you have paid.
What About Certified Pre-Owned Cars?
Some buyers like certified pre-owned (CPO) cars for peace of mind. CPOs are hand-picked for their low miles and appearance. Then these vehicles undergo a rigorous multi-point inspection and reconditioning process. Manufacturers also extend the original warranty and throw in some additional perks like roadside assistance. While this may sound like a great way to buy a used car, CPOs come with much higher price tags.
Nevertheless, you don’t need to buy a CPO to get peace of mind buying a used car. That’s because at Peters Auto Mall we thoroughly inspect each car before we place it on the lot. In fact, we spend an average of 12 hours performing our 125-point inspection. Thus, you’re assured of buying a safe, dependable and reliable automobile.
Looking for Exceptional Used Cars Near Me in Greensboro or High Point?
Buying a new car is exciting. And you should be excited about the process too. From your first contact to buying your car, and even servicing thereafter, how you’re treated makes an impression. When searching for used cars in the Piedmont area with outstanding customer service, choose Peters Auto Mall.
We now have 3 lots, two in High Point and one in Greensboro to meet your pre-owned car needs. With a huge inventory of cars, vans, trucks, and SUVs, you’re certain to find what you’re looking for. Plus, we mark all our vehicles with our no-haggle pricing. This means you never have to negotiate a price. Moreover, we extensively check each automobile to make sure you’re buying a quality pre-owned vehicle.
So, browse our inventory online. See a vehicle you like? Click on the button under the picture “view all photos” to see detailed information about the options. If you like it, you can go ahead and schedule a test drive. Moreover, you can calculate a payment, find a trade-in value, or get pre-approved – all from the same page. Whenever you have questions, call us in Greensboro at 336-343-1610 or in High Point at 336-434-1600. We want to make your used car buying experience memorable and fun.