Buyer Be Prepared Before a New Vehicle Purchase!

Whether off the line new or new to you, there are several things you can and should do to prepare to buy your next vehicle. We have compiled a few key items you can check off to help you be a smart and savvy shopper and hopefully a few steps ahead of the game.

Where to buy:

For sale by owner- For vehicles sold by the current owner you’ll need to take a few extra steps and precautions before even going to take a look at a vehicle for sale by these means.

  1. Only meet in public places where you are sure you will be around many other people. If possible only meet during daylight hours, if not ensure this place is well lit. 
  2. Take someone with you, know the sellers' name, phone number and description before you get there.   
  3. Ask for the VIN number and do your homework ahead of time.   
  4. Ask the seller if he/she has a clean title. If not, this is a red flag and it’s best to move on.

Dealerships- One of the best ways to find a good dealership is to talk to your friends! Where have they purchased a new vehicle and had a good experience? Check with the Better Business Bureau, and online reviews for dealerships.

Buy Here Pay Here- Payday loan’s little cousin offers almost anyone a car with often no income or credit verification. That comes with a big cost. According to Road and Track, the average interest rate at one of these dealerships is 19% and as high as 29%. They also often have a “one strike you’re out” late payment policy and will repossess your vehicle after one late payment.

Understanding financing:

Buying a vehicle on credit is the most common way American’s buy their rides. Getting the best deal on financing while protecting your credit requires a bit of being in the know.

  1. Credit Union, Bank, or Dealership financing? Per Bankrate, Credit Unions typically beat banks by 1%. Sometimes dealerships will have financing specials that are the best route to take, however, check with your bank or credit union first to see what they have to offer. Be sure to find out if there are better rates with a higher down payment as well.
  2. Know your credit scores before you go shopping. A low score finance approval may come with such a high-interest rate you might be better off spending a few months cleaning up that credit report before you buy.
  3. Protect your credit in the process of getting approved. Dealerships will often have your credit pulled by multiple lenders to shop for the best rate to offer you. When done in the same day they count as one hit against your credit score, however, if you go to several dealerships over a period of time and apply for a loan it could have a larger negative impact on your credit.

Used vehicle safety:

  1. Recalls- Go to: https://www.nhtsa.gov/recalls. This site allows you to search by VIN number.
  2. Vehicle history reports- There are several online sites that provide full history reports that can provide police reports, repair documents and insurance claims. Many of these reports are free and will help you to know what previous issues and or potential issues exist with the vehicle you are looking to purchase.

Insurance:

Sleep on it and call your insurance company before you buy! Any salesperson who pushes you to leave the lot in one of the lots vehicles is one to be concerned about. Get your data, go home, decide tomorrow. Get an insurance quote on the vehicle you’re thinking about picking up and making your own. There’s nothing worse than finding out the insurance policy is beyond your budget after you’ve already purchased your vehicle.

Blog By: Allison Green

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American Made Ford Mustang Icon Races through Time to 2018!  

For over 50 years the American made Ford Mustang has delighted young and old alike.  The first generation (1964 ½  to 1973) production of the Ford Mustang was revealed to the public in the Ford Pavilion during the New York World’s Fair on April 17, 1964, the very same day that it would go up for sale around the Country.  

To everyone’s surprise the Ford Mustang was affordable and loved right out of the lot.  Ford anticipated selling approximately 100,000 models the first year, but phenomenally beat their own goal selling close to half a million! 

From the 1st generation Ford Mustang to the present 6th generation there is no stopping the fame of this beloved American made icon. To learn more about the history of the Mustang visit Edmunds.com who have an excellent article showcasing all the generational history up to 2005 in superb detail. 

How about the 2018 Mustang? Amazing like most previous generations with a slightly sportier redesign in comparison to the 2017 model. As the photo above displays, Ford offers another brilliant new color to dazzle us: Orange Fury Metallic Tri-Coat.

Yahoo.com Daniel Howley, Technology Editor, showcases an interesting informative video of the 2018 model along with an article with extra details including: 

"The biggest changes to the new Mustang’s front end include all-LED lights and updated hood vents. Around back, the Mustang’s rear lights have been reshaped to look like large parentheses. Ford has also outfitted the rear of the Mustang with a new quad-tip exhaust, which just plain looks cool."  

As far as cost this American icon remains beautifully and powerfully affordable for most. The 2018 base 2.3L EcoBoost will cost about the same as the 2017 model at around $27K with the GT V8 costing close to $35K.  Ready to buy one?  The wait will not be long as the 2018 models will be made available for purchase this fall. See Ford.com to receive updates and prepare for the ride of your life! 

By Gina Sifers, Bella Media Services, LLC