Consider a Pre-Owned Vehicle First
Finding the right vehicle for your needs can be hard. This is one of the largest investments most people make. For that reason it is important to do the right research and consider many factors when shopping for cars. First and foremost, if you are looking to get more value out of a car be sure to shop for pre-owned vehicles in El Paso. When you shop at a used car lot you can be sure to find good value and a reliable vehicle. If you are skeptical we have a few facts about used cars that may change your mind.
Don’t Pay for Depreciation
Depreciation is not a myth or just another cliche. New cars lose up to 20 percent of their value the moment you sign the contract. Then after the first year of ownership you lose another 10 percent of the value. Let’s say you have a $200 car payment for a new sedan. This means that nearly $70 of that payment is solely going towards being the first owner of that vehicle. Then when you decide to trade in your car for a new model, you can expect to lose that money again when the dealership accesses the value of your now used car. When you purchased a pre-owned vehicle someone has already paid the costs of depreciation. Not only that, after the dealership takes the vehicle through inspections by a mechanic and a good round of cleaning, your used car comes to you “like new.”
Less Than Perfect Credit
Another great benefit to buying cars at a used car dealership is the fact that many will extend you credit despite your low credit score. This is especially true for buy here, pay here car dealerships. When it comes to purchasing your new pre-owned vehicle, you will have to make a down payment. The interest on the car may be a bit higher than you like, but with your less than perfect credit score you can be sure that a new car dealership would not extend this same favor. Not only that, making on-time monthly payments will improve your credit score over time.
Take a Trip to Express Auto Credit Today
If you are in the market for a new car be sure to take a look at our inventory of pre-owned vehicles at Express Auto Credit. We have a wide variety of cars, SUVs and trucks. We offer excellent deals and we extend credit to those struggling to get into a reliable vehicle. Contact us today for more info.