For most people, buying a car is a major purchase. You want to be sure that you do your due diligence and get the best contract possible, but navigating the financing and negotiating of car buying can be complicated. Cars and Credit Master is the leading Top Rated Buy Here Pay Here car dealership serving people who need a used car loan. If you have good credit, bad credit, no credit, or have been turned down with outrageous down payments, we can help you with our strong in-house financing options and flexible terms with fixed rates. You should consider these five steps if you are buying a new or used car.
Step 1 – Find and Pick up the car that is right for you
Many people buy cars based on what the car looks like or what they are familiar with. Instead of buying the same type of car you’ve always driven, it may be wiser to list the attributes you are looking for, and then do some research. Really think about what you want versus what you need. Come up with a list of options that would fit your needs and wants.
Step 2 – Look for Financing
At Cars and Credit Master, missed payments or other challenged credit situations do not affect your approval. If you do not have an active bankruptcy and meet our minimum income requirement, we ensure guaranteed credit approval. You can even use this payment calculator to determine your car loan payment.
If you’ve decided to buy, you also need to consider whether you will be purchasing a new or used car. Buying a new car gives you the ability to pick and choose exactly what you want. You will have the peace of mind of knowing that no one has driven the car before you and that the car is covered by a new car warranty. However, new cars are more expensive than used cars and quickly depreciate in value.
Buying a used car saves you money. A used car is less expensive and will depreciate slower than a new car. The downside is that used cars are an unknown quantity and will likely require more constant maintenance and repairs.
The undertaking of financing a car with less than good credit may seem unusual, but to make the process more comfortable, we put together some of the frequently asked questions that our buy here pay here dealerships receive that may help clear up the car buying process.
Step 3 – Negotiate a Deal
Once you have found a vehicle you are comfortable with, you may want to try and negotiate for a price that you feel is fair. You’re not bound to accept any offer—be polite, but stand steady with what price you have decided from your budget.
If you know your budget and price, you can shop around and let other sellers know what price you have been offered so they have an opportunity to beat the competitor’s price. Another option is buying from a private seller, but understand that those transactions won’t come with affordable financing options, any warranty, or service support.
Step 4 – Take Precautions
Once you have the car chosen, take your time with all the paperwork and also make sure to test drive the car. If you are buying used, our inventory consists of CarFax Certified or AutoCheck Certified cars and all have clean titles. They come from estates, private owners, banks, leasing companies, and other dealers. Most of them are lease returns or trade-ins. Also, it’s a good idea to get the vehicle inspected by a neutral third party mechanic — the cost of an inspection is well worth the comfort level knowing the vehicle is safe. Be mindful of feeling overly pressured. This is a big decision and you should proceed at your own pace.
Step 5 – Consider other costs
Your total transportation expense will include vehicle payment, as well as everything else;
– Insurance
– Gasoline
– Oil changes
– Ongoing maintenance
– License plate fees
Make sure you have combined all potential costs into your budget. Once everything seems good, you’re ready to purchase your car. By doing your research, knowing exactly how much car you can afford, and by taking your time, you can turn your car buying experience into a comfortable one.
Final Thoughts
What would make buying a car fun and easy for you? Chances are Cars and Credit Master has it all covered! You can even check out what our happy car shoppers have to say from their experiences!
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