What’s The Best Used SUV That Fits My Lifestyle?
Camping is a great family activity. But it can involve transporting a lot of equipment. Basic camping equipment includes a tent, sleeping bags, cooking utensils, and a lantern. You may also want air mattresses, chairs, and a cooking stove. Do you still have room for the kids? SUVs can haul all your equipment and still have room for your family. But a new SUV can break the bank. Buying a used SUV can save you thousands of dollars. Moreover, buying a pre-owned vehicle means that you get all of the luxury options that the original owner paid thousands extra to have! When searching for the best used SUV for your family, shop Peters Auto Mall.
SUVs Have Great Towing Capacity
A few years back, minivans were very popular. Introduced by Chrysler in 1983, the minivan quickly appealed to families, with its spacious interior and ample cargo space. At that time, manufacturers built all SUVs on a truck platform. This made SUVs heavier and prone to rollovers. All this changed in 1996 when the Toyota RAV4 was introduced in the U.S. The Toyota RAV4 was the first crossover SUV with a unibody construction. Lighter, easier to handle, and cool to drive, families abandoned minivans for SUVs. Today, crossover SUVs have captured about 40% of the market.
With similar seating and cargo space, SUVs and minivans are very similar. However, if you want to haul a camper, boat, or jet skis, this is where the SUV excels. The total number of pounds a minivan can haul is only about 3,500 lbs. Whereas a large SUV can tow more than 8,000 lbs.
If you plan to haul a camper with a minivan, you’re probably out of luck. The average camper weighs approximately 5,200 pounds. Pack in a few supplies and the weight will be even more. Boats and their trailers can also exceed the maximum towing capacity of even the sturdiest minivan.
While a pickup truck is known for its ability to haul heavy loads, it has limited seating capacity. An SUV can handle heavy duty hauling and comfortably seat 7 people. With a spacious interior and on average a better fuel economy, more families are choosing an SUV. Plus, an SUV is generally easier to drive (and park!) than a truck.
Which Size SUV Should I Buy?
Manufacturers make SUVs in several sizes. There are compact, midsize, and large size SUVs. Typically, the length of the vehicle determines its class. Their length ranges from just about 162 inches to 208 inches. With additional length comes more seating, additional legroom, and cargo space.
First, determine your usage. Are you concerned about fuel efficiency? Check out a compact SUV with an impressive fuel economy. Need room for teenagers? Choose a midsize SUV with second row seating that has plenty of legroom and a third row rear seat. Will you be towing a camper? A large SUV has an impressive towing capacity. And of course, what is your budget? The answers to these questions will help narrow down which size is best for you.
How Do SUVs Compare in Durability?
iSeeCars.com, a car search engine, analyzed over 13.8 million cars sold in 2018. They wanted to see which makes and models have the highest percentage of cars that reached 200,000 miles. According to their research, the top 7 vehicles in that long-lasting group are SUVs. Moreover, their study showed 4 of these SUVs are likely to reach the 300,000-mile mark.
But with new SUVs hovering around the $40,000 mark, brand new SUVs are expensive. You can get a great used SUV for about half the price. And since they are so durable, it makes sense to buy a used one. Many are always coming off a lease and are well-maintained with many years of life left for future road trips!
Still, some car shoppers may have some reservations about buying a used vehicle. While you may have some concerns when shopping at other car dealerships, you can have confidence at Peters Auto Mall. When we get a vehicle in for sale, we don’t just put it out on our lot. We first perform an extensive inspection of all automobiles. In fact, we spend 12 hours on average performing a 125-point inspection, scrutinizing the major components on each vehicle. Thus, you’re assured of a safe, reliable, and top-performing car.
How Do I Know If I’m Getting A Good Used Car?
Just a few years back, you had no way of knowing the history of the car you wanted to buy. Unscrupulous sellers could roll back the odometer, so it appeared that the car had fewer miles. The automobile you were looking at could have been in an accident, or even totaled. However, all that changed in 1984 when Edwin Barnett III started Carfax.
While there are other vehicle history reporting companies, Carfax is the most well-known. Carfax provides a detailed report on owner history with estimated miles driven, service, and accident history. Autocheck is another history reporting company with a slightly different format. Additionally, there are a few free ones that are less extensive. The National Insurance Crime Bureau checks if any owners have declared the car as an unrecovered stolen or salvaged vehicle. For all reports, you need the automobile’s VIN number to check the history of the car.
Although getting a vehicle history report is critical, you may also want to research the safety of the automobile. Both the National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS) are excellent sources of information. By providing information on safety issues, consumers can make informed decisions when purchasing a car.
The NHSTA provides information about recalls and crash tests in a 5-star rating system. Vehicles undergo front, side, and rollover tests, which account for the majority of crashes on America’s roadways. Furthermore, NHTSA is the only organization that rates rollover resistance.
IIHS works in conjunction with Highway Loss Data Institute (HLDI) to provide information about insurance loss and death rates. Conducting their own crash tests, IIHS evaluates structural performance and the likelihood of injury. Additionally, IIHS awards a great-performing vehicle a Top Safety Pick designation for the model year.
Do I Really Save Money When Buying A Used Vehicle?
Not only do you save on depreciation, but also on value-based fees such as insurance rates, taxes, and registration fees. Adding all these together can potentially save you thousands of dollars. Combined with the increase in the longevity of cars, you’ll be enjoying your used vehicle for many years.
So, let’s take a look at how depreciation affects a brand-new car versus a used car. Depreciation is the loss of value of a car through general aging and use. The speed at which a car loses its value depends on the year, make, and model. Generally, a brand-new car loses most of its value early in its lifespan. Simply by driving a new car off the lot, it loses an estimated 10% of its value.
However, depreciation rates slow down as the car ages. When buying a used vehicle that has passed the steep depreciation drops, your car retains more of its value. Typically, the largest losses in depreciation occur after the first and fourth years. With the average age of U.S. cars approaching 12 years, you’ll still have plenty of years of use left on any pre-owned vehicle that you buy.
Additionally, there are other fees associated with car buying based on the value of the automobile. Automobile insurance rates, sales/highway tax, property tax, and registration fees are all based on the value of the vehicle. So, the less your car, truck or SUV is worth, the less you need to pay. These fees alone could save you hundreds of dollars.
How Much Should I Spend on a Used SUV?
Some financial experts say you shouldn’t spend more than 15% of your take-home pay on a vehicle. While this is a good guideline, it doesn’t consider additional costs such as maintenance, repairs, or insurance.
Although used vehicles are cheaper than brand new cars, you still may require a car loan. Many of us don’t have thousands of dollars in the bank. Financing your car purchase gives you a car now, while allowing you to make monthly payments over time. In fact, it’s best to know upfront what you can afford as a monthly payment, so that you know the price range of vehicles that you should consider.
Additionally, securing financing before you start shopping allows you to look for the best loan rates available. Plus, it’ll help you set a realistic budget for your purchase. Finally, it simplifies and shortens the entire car-buying process.
But what if you’ve been turned down by traditional lenders? Should you put your plan of buying an SUV on hold? Maybe with some dealerships, but not at Peters Auto Mall. We can find affordable automobile financing for you no matter what your credit score. After all, we’ve been helping customers with their financing for over 25 years. Using only trusted finance sources, our team will discover the best rates and payment options for you. Simply go to our website and click on the words “Get Pre-Approved Instantly” to start the process. Your credit rating will not be impacted when we process your application.
Can I Trade in My Old Car?
Many people do indeed trade in their current vehicle to use as a down payment towards their new purchase. It’s a hassle-free way of disposing of your old car and lowering the purchase price of your new automobile. And we love to take trade-ins! Simply bring your car’s title or payoff information, registration, driver’s license, and keys and we’ll take care of the rest.
Our on-site appraisers undergo training to make sure you receive the maximum value for your trade-in. We examine your car from top to bottom, taking about 20 minutes to completely appraise your vehicle. Once we make an offer, you have 7 days to think about it, so you never feel pressured. Plus, you don’t need an appointment for an appraisal; just bring your car down anytime.
Where to Find the Best Used SUV For Your Family
Soccer practice, dance lessons, and social events. Sometimes it feels like you spend all day in your vehicle driving your kids to different activities. So, you need a reliable and safe vehicle to get them where they need to be. An SUV is a great family vehicle with a spacious interior and room for your kids’ equipment. Furthermore, buying a used SUV can save you thousands of dollars to put towards your next vacation. When looking for a used car dealership with the best SUV for your family, shop Peters Auto Mall.
Safety and reliability are our priority when selling you a vehicle. That’s why we check the major components of every car we sell. We thoroughly inspect the electrical system, suspension, air conditioning, transmission, cooling, brakes, and engine components for performance.
We have a huge inventory of automobiles and SUVs with luxury options on 3 lots. In Greensboro, we’re located on West Market Street. While in High Point, we’re located on both North and South Main Street. Plus, we have all our vehicles listed online, so you can search for your car at home. In fact, we can arrange the entire transaction so that you don’t have to come into our showroom at all, if you’re not comfortable.
So, take a look online to find your dream car. Call us at 336-434-1600 to set up an appointment to test drive it. You won’t believe how easy we make it to get your family into that SUV you’ve been dreaming about.