Here’s a Used Car Greensboro Dealership You Can Trust
In today’s world, you need a car to drive to work, run errands, or just socialize. With our poorly-designed public transit system, without a vehicle, you’re basically stranded at home. Unfortunately, the price of brand-new cars continues to push many consumers out of the market. Luckily, less expensive used cars have become the solution. When searching for a used car Greensboro dealership you can rely on, choose Peters Auto Mall.
Started in 1993 by Keven and Angie Peters, we’ve grown into the Piedmont Triad’s number 1 used car dealership. If you’re searching for the perfect car at a great price, we are the dealer for you! With a huge inventory of trucks, vans, SUVs, and cars, we’re confident you’ll find your next vehicle on our lot. Plus, we accept trade-ins, have financing options for everyone, and have an outstanding service department. In every aspect of our company, we strive to provide the best possible experience.
There Are So Many Reasons to Buy a Used Automobile
Consumers are choosing a used vehicle over a brand-new vehicle now more than ever. And why not? Due to advancements in powertrain technology, lubricants, and rust prevention, vehicles are lasting much longer than ever before. Today, with proper maintenance, cars can easily reach the 200,000-mile mark and sometimes beyond.
Plus, there’s a huge inventory of quality used vehicles available. The number of makes and models of used cars overshadows the total amount of new cars. Especially if you’re looking for a discontinued model, you’ll only find it on the used car market.
Moreover, you’ll be able to afford more options in the used car market. At the end of 2019, the average price of a brand-new car was just under $40,000. While the average price for a used car was about $21,000 for the same time period. Thus, you might only be able to afford the baseline model of a brand-new vehicle. However, a used car with plenty of options should fit nicely into your budget. By purchasing a pre-owned vehicle, you will be able to have many luxury options that you may not have been able to afford in a new car!
Finally, you’ll save hundreds of dollars on other value-based fees. Governmental fees such as sales tax and registration fees are value-based. The insurance company, too, bases its premium on the value of your car.
Depreciation and The Value of Your Automobile
When you buy an automobile, whether new or used, you’ll hear the word ‘depreciation’ used often. Assets, such as a vehicle, depreciate or lose value over time and use. Brand-new cars depreciate a lot in the first years of ownership, while used cars hold more of their value. What does this mean to you?
While all vehicles will lose value, not all cars depreciate at the same rate. Some makes and models retain their value better than others due to their expected long life. Certainly, some car manufacturers have a reputation for durability and reliability. Thus, their vehicles retain more of their value.
You’ve probably heard that a brand-new car loses thousands of dollars in value when you drive it off the lot. And it’s true. Once you purchase a brand-new vehicle and take possession of it, it’s no longer new, but used. This alone devalues the vehicle. Also, manufacturers unveil brand-new models with new features every year. Thus, a newer model with exciting new features devalues your car.
While this may sound depressing for brand new car shoppers, it’s actually good news for used car buyers. Brand-new cars take a steep drop in depreciation in the first year of ownership. After that, it levels off. That means you can get a great value on a quality pre-owned vehicle. And while cars do continue to depreciate, your used car will retain much more of its overall value.
Benefits of Buying A Used Car From A Dealership
When you’re buying a used car, you have the choice of buying it privately or from a dealership. Purchasing your car from a dealership has many advantages. Customer service, legal protection, and financing options all make buying a car from a dealer worthwhile.
First, the dealership has a reputation to uphold. If they don’t treat their customers fairly and honestly, word will soon get around. With a poor reputation, a used car dealer won’t be in business for long.
Plus, many dealers perform inspections on their vehicles before they place them on the lot. At Peters Auto Mall, we perform a 125-point inspection on every vehicle we acquire. We spend, on average, 12 hours per vehicle scrutinizing all major components of each automobile. Our service department takes care of anything that needs repair or maintenance, before we offer it for sale. Thus, you’re assured of buying a dependable and reliable vehicle.
Furthermore, the Federal Trade Commission as well as state laws govern dealerships. Failure to comply with rules and laws can result in fines or revocation of the dealership’s license. A private sale is an agreement between 2 parties and isn’t subject to the same Federal or state laws.
Additionally, many dealerships can help you with financing. And while bad credit may be a problem at some institutions, it’s not at Peters Auto Mall. We can find monthly payments you can afford no matter what your credit history. Moreover, we take trade-ins as a down payment on your new purchase lowering your car loan payments.
In addition, at Peters Auto Mall, you can buy your vehicle entirely online and we’ll deliver it to your doorstep. During this unusual period, we want to make your experience as comfortable and safe as possible. Just browse our inventory from your computer or mobile device from the convenience of your home. See one you like? Let us know and we’ll take care of the paperwork and bring it to your house.
Start by Analyzing Your Budget
You won’t know what to look for if you don’t know how much you can afford. So, begin with a review of your finances. And when determining what you can afford, include car-related expenses such as insurance and maintenance. Some financial experts recommend spending between 10-35% of your annual income on a car. Of course, only you know your budget and the exact amount you can manage in a monthly payment.
Here’s where an online calculator comes in handy. Estimate the purchase price for your new vehicle. Then, enter the term and interest rate and the calculator will compute your monthly payment. Once you know how much you can spend, it’s time to shop for financing.
Having a pre-approval for a car loan in hand can save you money. First, by shopping around, you’ll know you have the best rate available. Plus, you’ll save time at the dealership once you’re ready to buy. And you’ll know exactly how much you can spend on a car.
How to Find A Quality Used Automobile
Today, with all the online tools available, it’s never been easier to find a good, quality used car. You can see how different vehicles performed in crash tests. Check for information about recalls. And you can check the history of any particular car.
Start by making a list of a few cars you’re interested in. There are several companies that rate used cars for reliability, durability, and customer satisfaction. U.S. News & World Report, J.D. Power, Edmunds, and Kelley Blue Book are among the more widely known. Hop on over to one of these websites to see how different cars stack up against each other.
What about protection in a crash? With an estimated 36,120 deaths due to car accidents in 2019, it’s critical to buy a safe vehicle. The National Highway Traffic Safety Administration (NHTSA) helps consumers make good car purchasing decisions by conducting crash tests. After performing front, side, and rollover tests, NHTSA issues a rating reflecting the vehicle’s performance. Moreover, NHTSA is the only organization that rates rollover resistance.
The Insurance Institute for Highway Safety (IIHS) in conjunction with the Highway Loss Data Institute (HLDI) also performs crash tests. Their detailed reports evaluate crashworthiness and crash avoidance technology. In addition, IIHS has teamed up with Consumer Reports to recommend safe, reliable, and affordable used vehicles for teenage drivers. Together, these organizations make it easier for parents to find a used vehicle that delivers safety, performance, and reliability.
Once you’ve found the car that you want, be sure to get a vehicle history report. Here at Peters, we’ll give you a detailed history of any car from CarFax.
Need Some Fast Cash?
Need some extra cash? Maybe you just want to get rid of your old vehicle without buying a new one? Come see us! We’ll pay you top dollar for your old automobile without any obligation to ever purchase anything from us. Sell us your truck, SUV, van, or car. With a cash offer in as little as 15 minutes, we make selling your old car fast and easy.
Stop in anytime! You never need an appointment. Our on-site appraisers will evaluate every aspect of your vehicle. They’re specially trained to ensure the highest possible assessment of your car. After fully inspecting your vehicle, we’ll present you with an offer. If you need time to think about it, we’ll give you 7 days. Thus, you never feel pressured. Just remember to bring your car’s title or payoff information, registration, all keys and remotes and your driver’s license when you’re ready to sell it to us.
Moreover, we’ll buy your old car from you even if you don’t ever intend to buy anything from us. That’s right! We’ll pay you top dollar for your old automobile with no obligation to ever purchase anything. It’s one of the many ways we set ourselves apart from the competition.
Used Car Greensboro Dealership That Makes Car Buying Enjoyable
If you’ve been sitting on the fence about buying a car, now’s the time to do it! When searching for a used car Greensboro dealership that puts you first, choose Peters Auto Mall. We pride ourselves on our customer service guaranteeing you the best used car buying experience ever.
There are so many great reasons to buy from Peters Auto Mall. Our huge inventory makes it easy to find the perfect car. Just tell us what you’re interested in. We’ll have it ready for you to test drive at a time convenient to you.
Plus, we can help you with financing no matter what your credit history. We use only trusted sources to find the best payment option for you. And we’ll take your old car as a down payment for your new vehicle. After all, we’ve been helping customers for over 25 years. Our customers keep coming back because we treat everyone like family. We have grown from one car lot to three locations. Now we have 2 locations in High Point and one in Greensboro.
But we’re also here for you after your purchase. With an outstanding service department, we can service and repair any make and model car you drive. Brakes, air conditioning, and transmissions are just some of the repair services we offer as well as state certified inspections. Furthermore, when you spend over $50 in servicing, we’ll wash your car for free.
At Peters Auto Mall we’re always announcing specials and unbelievable deals. To keep up with all our latest news, follow us on Facebook. We’re here to help make your car-buying experience simple and stress-free.