What Is a Certified Used Car?

Used cars are a great option for people who want a higher-end vehicle, but don’t want to pay that higher-end price. A brand new car can lose as much as 20 percent of its value within the first year of ownership alone. That means car buyers can get a vehicle that is just couple years old at a significant savings. But the term “used” comes with a bit of a stigma, with people assuming that a used car is more likely to have problems. Such concerns led to the creation of a new category of vehicle: the certified pre-owned car.

To qualify to be a certified used car, a vehicle can’t be too old and can’t have to many miles – usually no more than five to seven years old with no more than 60,000 to 80,000 miles. Vehicles that fall within that range are given a multi-point inspection and any damage is repaired. Finally, a certified pre-owned car is backed by the original manufacturer and comes with an extended warranty, limited bumper-to-bumper coverage and other services often associated with new car sales. While buying a certified used car will still net you savings over buying new, it is important to note that you may end up paying more than you would for a non-certified vehicle.

Some cars are misleadingly advertised as certified when they are not actually backed by the manufacturer and do not undergo the inspection and repairs that true certified vehicles do. In those cases what may be represented as a warranty is really a service contract entered into with a third party. Often these contracts require customers to pay for repairs upfront and seek reimbursement or, at the least, pay a deductible that can run hundreds of dollars.

If you do opt for a certified pre-owned car, you can rest assured that you’re getting one of the dealer’s best used cars that has been inspected, repaired and is backed by a warranty from the manufacturer.

The Benefits of Buying Used Trucks

Trucks can be expensive. If you need a solid vehicle that can carry your equipment and handle rough roads, you may want to buy a truck, but feel unsure that you can afford such a large purchase. Why stress about financing a brand new vehicle when there are so many benefits to buying used trucks?

Whenever a vehicle is driven away from its dealership, it begins to lose value. This does not mean that the truck itself becomes less strong or sturdy. However, it does mean that a used truck can a great deal. You can purchase a well-maintained used truck and drive it for years and years without breaking the bank. Many people today are trading in their trucks for smaller vehicles, so the used truck market is probably in your favor. Trucks are generally tough vehicles that can withstand wear and tear. If you work, live, or frequently drive in dusty, dirty, bumpy areas, you may not want to spend a lot of money on a vehicle that will inevitably be roughed up. It can be stressful to worry about dings and scrapes on an expensive fender or pain job. Used trucks are a great option because they can easily navigate rough roads, but you don’t have to spend a fortune to buy the reliable vehicle that you need.

If you frequently take your truck off-roading, you may want to make modifications to your vehicle so that it can perform at the highest level possible. However, many people do not want to perform extensive modifications on a brand new truck. If you buy a used truck, you can add modifications, such as lift kits, shocks, or springs, without worrying about voiding your warranty. An older vehicle can be a great canvas for your dream off-roader.

If you need a reasonably priced vehicle that can get your where you need to go, even if you need to drive through a construction site with heavy tools or head into nature, used trucks can meet all of your needs.

Save Money and Buy a Used Car

When you are looking to buy a new vehicle for yourself, you are going to have to make a lot of decisions. There are many different angles that have to be covered in regards to your future ride. If money is a concern of yours, then you might be doing yourself a favor by opting to buy used cars. There are plenty of reasons that this is a more sound financial decision for you to make in the long run.

Immediate Savings

Right off the bat, you are going to save money when you opt to buy a vehicle that is used. This is because cars that have been driven already depreciate in value almost immediately. When you are looking into the various options that you have, you will notice that used options are always more affordable than others. This can be a great way to inspire your purchase, but there are other ways used cars allow you to save.

Insurance Savings

Insuring your vehicle is also a lot more cost effective when it is used. Insurance companies tend to put lower costs on vehicles that have already seen time on the road. This means that you will also wind up saving money over time. Your insurance will be at a place that makes you feel happy, and you will not have to worry about forking over a small fortune every month just to stay on the road.

Resale Value

Though cars tend to depreciate in value as soon as they are driven off the lot, the decline tends to slow down at a certain point. This means, if you are purchasing used cars for your needs, you will not have to worry about your vehicle losing immense amounts of value anytime soon. The loss is slow at a certain point, allowing you the option of selling your car for a fair price when the time comes.

Getting Ready to Purchase a Used Car

Having a car seems to make life a whole lot easier. While you may have been able to get away with not owning a vehicle for a bit, you’ll find that you can accomplish a lot more when you’re behind the wheel of a trustworthy ride. Our lot offers a wide variety of options for you to consider when the time comes to buy used cars. Before you begin, there are a couple of points to remember.

Financing

Purchasing a car is always going to come at a cost. Vehicles are not cheap and you need to make sure your finances are in order in advance. If, for example, you require the use of a loan for your purchase, it is a good idea to look over your credit score. A low score can make it difficult to finance a vehicle through some dealerships. We offer several options for financing even with bad credit, so be sure to have a general idea of your credit info before your first visit.

Specifics

You also can benefit from taking time to think about what type of car you would like to buy. Used vehicles offer plenty of advantages and come in a variety of makes and models. Do a little research into which options will suit your needs best. Remember to think about the specific requirements of your life. If you have a big family, be sure to invest in a car that has ample space for each member of your tribe.

There are many reasons to think about investing in a vehicle. When the time comes for you to discover the perfect used rides for your life, be sure to pay us a visit. Take time to figure out your finances and your specific vehicle requirements in advance. Doing this will help us to get you behind the wheel of a car that you can feel satisfied with.

COVID-19 Update

Pioneer Motor Group cares about our community and we currently remain open regular business hours. We understand the needs of our customers to have their vehicles serviced and to purchase vehicles. We are using safety protocols to maintain safe social distancing during this time and we are taking preventative steps to keep our visitors and staff safe.

We are asking our customers to not come in if:

1) They have travelled outside the country in the last 14 days

2) They have been on an airplane in the last 14 days, where possible unknown exposure may have occurred

3) They have been in direct contact with someone who travelled outside the country in the last 14 days or who is exhibiting flu-like symptoms.

4) They have flu-like symptoms themselves or feel unwell, or have someone in their household who does.

We are maintaining safe workplace procedures. We have increased our cleaning and sanitation and have implemented the following standards:

1) No handshaking policy.

2) Social distancing

3) Employees while sick or experiencing flu-like symptoms are at home.

4) ALL departments at the dealership are cleaned thoroughly.

5) A sanitizing agent will be used throughout the day on frequently touched surfaces in all parts of our dealership. It will be used immediately following any business conducted with our customers on the local area of the business conducted

6) Handwashing signs are posted in all washrooms and at entrances. Increased handwashing and cleanliness protocols are in place.

Keeping everyone safe and healthy is important! We will keep you up to date with business operations as government announcements are made.

Thank you and stay safe!

Why Buying a Newer Used Car Makes So Much Sense

Buying used cars is a smart move, and there are even ways to make it smarter. We can guide you through the process so you drive off our lot with a nice car at a really nice price. One truly smart move is to buy a newer used car, one that is between one to three years old. This is often the sweet spot for getting a good deal and a fine vehicle.

Value

Everyone knows a new car loses a large percentage of its resale value when it is driven off the lot. Some estimates are as high as 30 percent. After that, the depreciation of a car stabilizes for several years. When the car gets much older, depreciation tends to speed up again. When you buy a newer used car you can also benefit from lower maintenance costs. It could be years before brakes, tires, batteries and windshield wipers need to be replaced. Larger repairs such as transmission or engine work could be even further down the road.

Reliability

Newer used cars tend be very reliable, making the prospect of being stranded somewhere unlikely. Dependability in a car is one of the things people value the most. Not only can breaking down in an unfamiliar place be expensive, it could also be dangerous. Most people do not want friends or family members driving an automobile that could break down.

Technology

With a used car that is only a year or two old, you should be able to enjoy all of the latest technology for safety, comfort and performance. These cars will likely have such features as Bluetooth, lane stabilization, rearview cameras, passenger side airbags and many other advances. With savings from buying a used car, you might even be able to afford a loaded vehicle.

We believe used cars are a wonderful value. They offer value, reliability and smart technology all at once.

How to Pay for a Used Car Without Breaking the Bank

Sometimes it seems like cars break down at the worst times. You might not be in a great place financially when your car becomes inoperable, and buying a new car is not always possibly. When you need a car, and you have limited funds, a good used car might be the best thing for you. There is a wide-variety of used cars on the market. With a little bit of research, you might find a used car will work well with your current lifestyle.

Know Your Budget Before You Begin

Before you start your travels to dealerships, you need to consider how much money you can afford to spend on a used car. You could save a lot of money, if you pay for the car in full. If this is not possible, consider making a large down payment. Obviously, when you finance your car, the cost is more because you are paying interest each month when you make your payment. Traditionally, when you purchase a used car, rates are higher and the financing periods are usually shorter compared to purchasing new cars. One tip most financial experts offer is to never spend more than 20 percent of your take-home pay on a car.

Estimate Future Expenses

Always do research on the car you want to purchase to see if certain parts need to be replaced more frequently. You might have a particular car in mind that you’d like to buy, but if the water pump in that model has a history of failing, than you might want to consider another car. When you purchase a used car, there’s always a chance you will have to forgo funds for maintenance and upkeep. An older car obviously has more wear and tear on it than a new car. Having savings put aside is important, since you don’t want your car to cause you unnecessary debt.

3 Reasons to Buy a Used Car

If you’ve ever turned on a TV — and chances are you have — you were probably inundated with commercials for shiny new cars for only a single paycheck per month! When your family is in the market for a new car, a used cars service could offer you something just as beautiful as what you see in on the new lot. That’s not the only benefit, either.

Used Cars Are Cheap

It might seem obvious, but used cars are cheaper, and it goes beyond a simple price tag. Perhaps you prefer luxury cars, but could never afford one right off the lot. For what you’d spend on a brand new Toyota, you might be able to find the luxury car of your dreams. Even if you prefer something family-friendly over a sports car, you could save up to 50 percent by purchasing something used.

It Might Be Safer

It seems like a different car recall is in the news every day. Purchasing a new car leaves you vulnerable to undiscovered mechanical issues. If you opt to buy one that is a few years old instead, it’s more likely that any problems were already discovered and fixed, leaving you with peace of mind.

You Don’t Have to Skip the Warranty

Many people worry they’ll end up purchasing a used car that doesn’t run for long, but most dealerships offer certified pre-owned cars. Certified used cars are usually slightly more expensive than traditional used cars, but the certification means the car was professionally inspected and, if it had any problems, was professionally repaired. Certified used cars come with a warranty that ensures you can drive the car for a set amount of years, at least.

If you’ve been trying to decide between purchasing a brand new vehicle or buying a used one, our used cars service could be just what you’re looking for. Whether you need something for the whole family or something to impress your friends on the weekends, we provide a range of vehicles for a wide variety of budgets.

Buying a Used Car: How to Choose a Payment Option

When the time comes to buy a used car, there are many financial factors to consider. Perhaps your budget will narrow your used car choices, or you may not be aware of the payment options available. We are ready to show you some ways you can pay for your vehicle and to show you that the make and model you desire most may well be within your reach if you plan carefully.

Consider the Time Frame

As you consider payment options, one of the first factors you might want to think about is how long you will be paying for your car. Whether you secure a loan through the bank or choose in-house financing with us and depending on your credit, your loan could be as brief as two or three years or as long as five. It is important to understand the exact terms of the length of your loan before you sign off on a vehicle.

Give Yourself Time

Even if you find yourself needing a new vehicle for your commute to work or school, you should avoid jumping into a deal right away. Take the time to consider your options, as this may help you avoid hefty payments that might be hard to handle later on. For example, ask yourself whether your current car is a valid trade in or if you can secure a down payment that may help lower the cost of a vehicle.

Review Your Budget

One mistake many people make when they shop for used cars is to miscalculate how much they can afford to pay monthly. To avoid this error, you will need to factor more than just the car payment into your auto ownership budget. The cost of insurance, gas and other taxes and fees that will need to be paid when you purchase a vehicle should all be included in your budget to ensure you do not overextend it.

Buying a used car can be a challenge, especially if you are unsure of your payment options. However, being prepared and asking the right questions can help you get the car you want at an affordable payment.

Factors Affecting the Cost of Your Car

Everyone likes to get a good deal. When you are offered a low monthly payment on your car loan, that might seem like the best deal of all. In the long run, however, that low monthly payment might actually end up costing you hundreds of dollars more than you intended to pay. In order to understand the true total cost of car loans, you must look at three different factors.

Loan Amount

The initial amount you borrow is called the loan principal. The amount of principal you have left at the end of every billing cycle is one half of the equation that determines how much you will pay in interest. To lower the total amount you pay on the entire loan, it is a good idea to start with a lower principal. If you are able to pay 20% of the initial $25,000 cost in a down payment, that is $5000 of the purchase price that never figures into the interest you are charged.

Loan Rate

The other half of the interest equation is the interest rate itself. Bargaining for a lower interest rate can significantly reduce the price you ultimately pay for your next vehicle. A great credit score and other factors, such as dependable income, can lower your risk factors with the lender and thus can result in a lower APR, saving you a great deal of money.

Loan Term

A lower monthly payment might be tempting. When you accept a lower monthly payment, however, you are lengthening the term of your loan, postponing the date when the car will be paid off and costing yourself a lot of money in the process. You will pay significantly less interest with a 2- or 3-year loan term than with a 4-year loan.

When negotiating the terms of car loans, fight the urge to take it easier than your monthly budget can handle. Factor in the amount, rate and term of your loan to get the best deal overall.