When you are looking for the best Janesville car loans or dealer, you are most likely looking for a company that will treat you with dignity, regardless of your credit.
Buying a used car may have a negative societal connotation, but they aren’t true; in fact, used cars can carry more benefits than buying a new one.
If you are looking for a car dealer in Janesville to purchase a used vehicle, but you aren’t sure where to start, read on below to learn more about buying a used car and how it can benefit you.
Are Used Cars Reliable
Most customers believe that newer cars are more reliable than used vehicles, but that is far from the truth; a used vehicle can offer the same benefits with less hassle.
Although buying that brand new, shiny, and updated new vehicle may seem like a good investment, it may not be because of the high depreciation value. Newer cars can lose 20% of their value as soon as you drive them off the lot, and at the end of the first year of ownership, it can hike up to 30%.
So if you purchase a brand new vehicle for $40,000, you will lose $8,000 in depreciation when you drive it off the lot and about $12,000 after your first year of ownership.
Your used vehicle also depreciates, but the depreciation difference between a new and used car can significantly differ.
For example, let’s say you purchased your used car for $10,000 and later decided to sell it three years later for $7,000. Then, applying the fact that most cars lose up to 30% of their value, you will only lose out on $3,000 because of depreciation.
Am I Buying Someone Else’s Problem?
When people hear about purchasing a used vehicle, they think they may be buying someone else’s problem. However, most cars, nowadays, can be driven beyond 100,000 to 200,000 miles with proper maintenance.
As long as you get your vehicle checked regularly, rotate your tires, fix your brakes when needed, and do your oil changes, your car will last as long as you want it.
Car Dealer In Janesville
When looking to purchase a used car from a Janesville car dealer, it may be challenging to know what exactly to look for. Some people come with an idea of how many miles or what model car they want, but sometimes your requirements may go beyond that.
When visiting a car dealership, it is crucial to check out their inventory, see what cars they have available, and know what you are looking for. Also, make sure to do your homework about the type of vehicle you want to purchase and your car model’s reliability score.
You may also want to look at how much your new, used vehicle is going to cost you in the long run before you buy it. Think beyond how much you will owe monthly and consider how much maintenance will be, how much property taxes will be, and how much you are willing to put down.
Benefits of Buying a Used Car
There are so many great benefits when purchasing a used car over buying a new one, such as no hidden fees or lower premiums. Buying a used car can save you a lot of money and provide you with a great mode of transportation for years.
No Additional Hidden Fees
Many new cars at their respective dealerships will boast that they have better deals and save you a lot of money, but there may be some hidden fees behind all that advertisement.
They can tack on dealership preparation or destination fees that you may not even be aware of until you sign your papers. There may be additional fees like a documentation fee when you purchase a used vehicle, but it is typically only an extra hundred or so.
Typically when a vehicle is worth less, it will also cost a lot less to insure. When you purchase a newer car, they cost more to repair and replace parts, whereas an older vehicle won’t cost as much because the parts and repair are cheaper overall.
Am I Going to Be Hassled?
One of the biggest turn-offs that people run into when going to used or new car dealerships is the salesperson being overtly pushy or forcing you to pick an expensive vehicle. However, when you come to us at Cool Car Guys, we will treat you like family.
We understand how stressful the car buying process is, so we try our very best to make it easy for you, and we will give you all the possible options available for you to finance a vehicle.
Used Car Auto Loans
Whether it is your first or second time purchasing your vehicle, it is essential to know where your credit stands. If you don’t have the ideal auto credit in Janesville, you can look online to find lenders that can extend you a loan.
However, most lenders online will require you to put down a higher deposit, or they may ask you to have a co-signer before they extend you a loan.
If you have a good relationship with your bank or your credit union, you can also talk to them about getting a used car loan through them. Again, they may be able to offer you a great rate because of your relationship with them.
A great majority of used auto dealers offer in-house financing where you are extended a loan directly from the dealer, and you make your payments directly to them.
Buy Your Next Used Car Today!
Buying your next used car does not need to be as challenging as many people like to make it. Here are The Cool Car Guys; we can work with you to get you into the vehicle that you need at the price you deserve. If your car loan requires a down payment, we will do our best to make it affordable for you so you can drive off the lot today!
If you are looking for “quality used cars near me,” or “used cars Janesville” reach out to us and check out the inventory that we have available.