Everyone loves buying a new car but very few consider the option of a used car as a smart move. Of course, nothing compares to the feeling of driving a new car out of the showroom, but the moment it is out, it has already depreciated in value. A used car on the other hand holds longer to its value thus giving you much more value for your money. It is an economically viable option as you can get it financed for much less as compared to a new car without compromising on the features and its life.

However, buying a used car can be a tricky choice to make, as you will have to ensure the dealer you are dealing has high credibility. You should also be good at negotiating, as this will help you strike a deal that will be beneficial to you in terms of the cost. When it comes to buying used cars, your assessment of its condition is very important and for this, you should have at least some basic knowledge about vehicles. You may also need to ask your dealer a number of questions to clarify any doubts that you have without any hesitation knowing that it is your right as a buyer,

After you have finally settled for a car, it is important to get it checked thoroughly by a mechanic for any defects. Sometimes, a vehicle might look spic and span from the exteriors, but within, it could be having a host of problems that are difficult for a layman to assess. You should also ask for the vehicles history as such details will give you an insight into who owned the car previously, whether it had an accident or any other problem. If your mechanic passes the vehicle and you have no problem with its history, you will now have to bargain to the best of your ability.

In economic times as unpredictable as today’s, it is a smarter choice to opt for a used car as opposed to a new one in every respect. Car dealers these days stress a lot on the condition of the car and make the most of the latest technology to ensure that a used car looks as good as a new one. For you as a buyer, it is a win win situation as you get the best for a very reasonable amount of money.

We at Greater Central Texas Federal Credit Union provide cheap and quick secured car loans, for used car as well as the new ones. For more details, kindly visit us at 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.

With more used cars than new ones being sold in the US every year, it is wise to consider buying a used car instead of a new one, for the several benefits that this offers. Here’s a look at what’s making car buyers go for the second-hand ones instead of bringing home a gleaming new set of wheels.

• The top advantage of buying a used car is of course that you save money. Considering that the value of a car drops by around 30% every 3 years, you are saving a lot by choosing to buy a used car instead of a new one.
• The saving does not end at the price that you have to pay for the car, but also extends to the ancillary costs like insurance. By buying a used car, you have to pay less for insurance than you would have to pay for a new vehicle, which will result in considerable annual savings.
• While buying a used car, you can get a clear picture of the car’s performance and reliability by taking a look at its service history.
• You will also save on accessories, since most used cars are equipped with the basic accessories that you will need, like a music system and air-conditioning.
• Since most of the depreciation on a car’s value takes place during the first three years of purchase, you are likely to get a better resale value on a used car than you would on a new one.
• With the introduction of CPO (Certified Pre-Owned) programs by most companies, used cars undergo a rigorous inspection procedure, which ensures that the certified cars have high-mileage and no record of major damage. Such cars are available at lower rates of interest than new cars.
• Buying a used car is a great way to get a relatively old model of a luxury car in excellent condition, at just a fraction of its original price.
• Buying a used car gives you a much wider variety to choose from, in terms of price, mileage, features, condition, and models.
• If you are buying a used car from an individual user, you might find it easier to negotiate and get a better deal, than if you were buying a new car from a dealer.

When you are finally ready to buy a used car, be sure to hire a mechanic to inspect it thoroughly. It is also advisable to get a written deal and to negotiate the price, starting at a price lower than what you are willing to pay.

To avail cheap auto loans for both used and new cars or to know more about the benefits of buying a used car, kindly visit us at Greater Central Texas Federal Credit Union. We provide you quick and cheapest auto loans in Texas. For more details, visit us at 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.