After 11+ years in the car business, I’ve learned what to buy and what to avoid. There are vehicles I won’t even consider at auction. For example, I stay away from Hyundais from 2010–2018. I’ve seen too many with serious engine issues. No warning signs, just sudden, catastrophic failure. I also avoid vehicles with CVT transmissions. Not all are bad, but I’ve seen enough … [Read more...]
What should you look for when buying a used vehicle?
Review the dealer’s reputation. Start by checking out reviews on Google and Facebook. This will give you a solid sense of how the dealer treats their customers and what you can expect from your experience. Examine the vehicle history. Look at the Carfax or AutoCheck report to confirm the car has a clean title and to review any past maintenance or accidents. Knowing the … [Read more...]
What interest rate would I qualify for on a vehicle loan?
Many factors go into determining your interest rate. The first factor is your credit score and your history of paying bills on time. The second is your debt-to-income ratio. And then you have to factor in the vehicle itself. The age of the vehicle and miles determine the length of the loan. When seeking a vehicle loan, it’s essential to recognize that having a good job alone is … [Read more...]