Wednesday, 4 April 2012

Selecting Used Cars If You Have Bad Credit

 

Selecting Used Cars If You Have Bad Credit

Car shoppers with less than perfect credit typically choose a used car when it is time to finance. The buying experience, furthermore, was different.

The issue of a vehicle's previous problems has also been at least partially addressed.

The vehicles, themselves, have changed.

Finally, since every car depreciates in value and a higher percentage of that depreciation occurs in the first few years, the price you pay for a newer used car is mainly a much better value than a comparable new one. Under these programs, if a used car meets certain guidelines, the dealer can place a warranty on it that essentially extends the new car warranty in some cases for as many as 7 years or 100,000 miles, dependant on the vehicle and manufacturer. But there was also the chance that you'd inherit the problems of the previous owner.

Buying a used car, however, was something of a gamble. These vehicle history reports include an accident check, mileage accuracy check and warranty check along with other vehicle history details - just be sure to have any used car you're investigating the practicality of buying inspected by an ASE Certified Master Mechanic before you take delivery.

Dealers as well as manufacturers now recognize the necessity of the used car market. Instead of looking at shiny new models in a dealer showroom, you were forced to shop at small open-air lots from salespeople that would tell you little about their inventories other than "she runs great".

Buying a used car is much less of a gamble than it used to be, so choosing a quality used car over a whole new car usually makes better financial sense.

Selecting Used Cars If You Have Bad Credit



Trade News selected by Local Linkup on 04/04/2012