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Village Motors | Quality Used Cars, Trucks, Vans, SUV's - North Carolina, NC

Car Buying Tips

In the past few years, the used-car market has boomed. A record number of new cars are being sold thanks to today's great incentives. That means people buying new are trading in their not-so-old cars. Additionally, the growing lease market means many low-mileage cars are coming off lease.

Used-car buyers are taking advantage of the great prices and wide range of choices.

Because of the sheer number of late-model cars for sale, finding a dependable used car in excellent condition is not that difficult. You may even get to transfer the original factory warranty. Plus, you can get a higher class of car for considerably less than a bare-bones new one.

Buying used also means you avoid the expense of a brand-new car and the depreciation costs that occur as soon as you drive it off the lot.

As long as you research and thoroughly inspect the vehicle, you're likely to drive off with a good car at a great deal.


To Make Sure You Get The Most Car For Your Money,
Follow These Guidelines For Buying A Pre-Owned Car Or Truck.

Buy A Vehicle With No More Than 15,000 Miles Per Year.
By industry definition, a car or truck with more than 15,000 miles per year is considered a high-mileage vehicle. In other words, a 2-year-old car or truck should have a maximum of 30,000 miles on it. Above that figure, the value of the car depreciates significantly.


Avoid Vehicles With Signs Of Major Paint Or Body Work.
Large areas of slightly "off" color or dullness to the finish may indicate major repainting. Also sight along the body for ripples in the sheet metal. Either condition may indicate major body work as the result of one or more accidents.


Be Sure The Vehicle Is Covered By A Warranty.
Many low-mileage vehicles may still be covered by a factory warranty. A reputable dealership such as Village Motors Inc. may also cover its vehicles with its own warranty.


Select Only Vehicles That Have Been Thoroughly Inspected For Quality Assurance.
Any reputable dealership should thoroughly inspect its vehicles prior to placing them on their sales lot. Village Motors Inc., for example, performs a stringent Pre Delivery Inspection to be sure the vehicle you buy is in top condition.


Purchase Only Vehicles That Have Been Serviced To Normal Driving Status.
All maintenance, such as oil changes, lubrication and tuneup should have been performed. The brakes should have been inspected and, if necessary, replaced. The tires should be good and all systems, such as lights, air conditioning, etc., should be operating properly so that the vehicle is ready to drive off the lot.


Have Some Recourse In Case Something Goes Wrong.
On rare occasions, even vehicles purchased from the best of dealers have something that goes wrong with them. In these instances, it's good to have a warranty or service contract that you can fall back on. Most Village Motors vehicles are covered by a factory warranty, and extended service contracts are available at a reasonable cost, should you desire to purchase one.
Above all, don't be afraid to ask questions about a vehicle you're interested in. Inspect it thoroughly or have a mechanic you trust check it out before you buy. A reputable dealership has nothing to hide and will not object to this. After all, they want to make sure you are satisfied, so that you return to them as a customer in the future.

Hey, we've learned a thing or two after more than 35 years in the Used Car business. Since 1969, we've been putting drivers behind the wheel all over Western North Carolina and beyond. We want our customers to drive smart, get a Great Deal, and let Village Motors put you behind the wheel!

Buying New or Used or Leasing — The 10-year picture

In the following example, we show you what it costs to buy and own a new or used car or to lease a car for 10 years. In these examples, we assumed that the car was worth $20,000 when new and was financed at a 6 percent interest rate. Also, in each case, a down payment of $1,000 was made. These figures are estimates to give you a comparative feeling for these different financing scenarios.

If You Buy Your Car: You will make higher payments for the first five years, but then you will own it. Over 10 years, this averages $191 a month or a total cost of $22,920, not including insurance, maintenance and the like.

If You Lease Your Car: Over 10 years, you will lease more than three times, each time making an initial payment of $1,000 and monthly payments of $323. For 10 years, this is a total of $41,760.

If You Buy a Used Car: If you buy a four-year-old used car for $8,000, put down $1,000, and pay it off in three years, your average monthly ownership cost will be $63 for a total of $8,632 for a 10-year period. And that's an incredible 7 years with no car payment!

 

For further information, please contact us today!

Telephone: 828-464-0626
Email: bruce@villagemotors.com


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