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Choosing the Righ Car, Truck or SUV

Looking to add a vehicle to your garage?

Buying a vehicle is a major purchase that deserves lots of research and consideration. You need to find a vehicle that will not only satisfy your daily needs but make you happy. Of course, this vehicle also needs to fit your budget. Let’s take a look at the 10 things that you should look for when you are in the market for a new vehicle.

1). What are your daily needs?
One of the first things that you need to consider is your daily needs. Do you have a family? You will likely need a vehicle with four doors and lots of space. Also think about  the driving environment. If you live in an area that gets lots of snow or rain, then you will want to consider a vehicle with all wheel drive. Finally, think about how much storage space that you need. Perhaps you have a small business that requires lots of cargo room? In that case, you will want a large SUV or pick-up.

2). What is your budget?
How much you have to spend is going to play a big factor when it comes to finding a vehicle. Now, there are a number of ways that you can approach your budget. If you are looking to pay cash, then you can just look at how much money you have in the bank. However, if you are looking to finance, then you should consider your income as well as the current interest rate on automobile loans. You will also want to check your credit score, which will determine the interest rate that you will qualify for.

If you are looking to finance, then let the experts at Used Car Factory help you.

3). Decide if you want to lease or buy
When looking for the right vehicle, you will want to decide whether you want to lease or purchase. Here are some of the advantages of each:

?    Sometimes allows you to get a newer vehicle
?    You only pay for the time that you own the vehicle
?    Almost always a bad financial decision as you do not take ownership of the vehicle and will always have a payment

?    You can own the vehicle for as long as you wish
?    You can modify the vehicle
?    You can later re-sell or trade-in the vehicle
?    Once paid off you will be without a car payment!

4). Decide if you want to buy new or used
Another factor you will want to think about is whether you want to buy new or used. If you decide to buy a new vehicle, then you will be getting a car, truck or SUV with the latest performance, tech and safety features. A used vehicle is almost always more affordable. You should look at your budget and see what is available on both the used and the new vehicle market. New vehicles depreciate very rapidly and, for this reason, usually are not a wise investment.

5). Find what vehicles are available
After you have figured out your daily needs and your budget, then you should begin to create a shortlist of vehicles. You can begin your search by looking at the online inventory at www.usedcarfactorytc.com. You can filter the dealership’s inventory by model, vehicle type, model year, and price range.

6). Consider the right dealer
Now that you have your shortlist of vehicles, you will want to do a little research on the dealers on your short list. The good news is that just about everyone dealership has been reviewed by customers. You should carefully check out what people like and what they don’t like about each dealer. At this point, you should filter out dealerships that have low review scores. This will allow you to only deal with the best of the best.  However, keep in mind that some reviews are not legitimate or may have been made when the dealership was under other ownership at the time.

Top 5 Reasons Why Buying a Used Car is Better than

Buying a used car is surging in popularity in 2020, to unprecedented levels..Buying a new car is always definitely a temptation, however, compared to investing in a used car it is not always the best approach here are many reasons why you should look for used cars for your next purchase:

Ivan Drury from Edmunds, an automotive data-analysis company, said- “New cars are getting so expensive, and they are e getting out of reach for many car shoppers, but there are so many more affordable high quality used vehicles, that the market is shifting in the direction,”

Apart from the fear of investing a considerable amount, one of the major reasons behind the increasingly high demand for buying used cars in the pre-owned vehicle certification and extended warranties that ensure peace of mind and less anxiety...  

Continuing further, let’s take you through the 5 prominent reasons why shoppers prefer to invest in e  pre-owned cars.

    New Cars Depreciate Very Quickly

When you buy a brand new car, its value depreciates immediately, often by thousands of dollars. The moment a new car leaves the showroom, its value starts depreciating. On top of it, if you have borrowed money for the new car, you already bear the loss of 30% of the car’s total value. Keeping all such aspects in mind, buying a new car cannot be considered wise unless you are passionate about buying specifically buying the latest features in new cars.

    Used Cars Last for Years

Some people have the misconception that used cars do not last long or can deteriorate quickly. There is no truth in the 100,000 miles benchmark anymore. Many automakers have way passed the mileage meter and even offer a warranty that goes beyond it. A  100,000 miles mark on the odometer should not be a parameter to stop you from buying your favorite car.  

    Helps to Cut Insurance Cost

When juggling between buying a pre-owned or a new car, insurance cost is one of the factors to be kept in mind. The basic thumb rule is, the more the car value is, the more the insurance company has to pay, in case of any damage later on.  As compared to a brand new one, a used car costs less and therefore the depreciation value won’t be a burden on the insurance company.   

    Lower Registration Fees

Most of the states decide the car’s registration fee based on the age and value of the car. A car with lesser market value will be charged with a nominal registration fee, whereas a new car may demand hefty registration charges. For instance, in Massachusetts, the excise tax on cars goes down considerably as the car gets older.  

    Used Car Variety

Every year 300 to 400 new models launch in the US but you will be surprised to know that the pre-owned car market offers much more variety. Many car makers trim and discontinue models and therefore your car must be just lurking around for you to find it.

The Final Word

In the past, purchasing, a used car posed an element of risk... Now, things have changed to a considerable extent. Due to the several used car buyers’ programs which come with additional benefits makes used car buying a much smoother process.
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