Step #1 (of 11 Steps To Becoming A Super-Power Car Buyer): Ask Yourself If You Should Buy New Or Used?
Most people think the answer to this question is obvious – NEW.
But most of those people haven’t spent any time thinking about the actual pros and cons of each.
Many people believe you should only buy used if you can’t afford to buy a new car, but that logic is completely flawed.
Let me explain…
Have you heard all of those recent TV and Radio campaigns for all these amazing deals, huge rebates, low financing and ridiculous incentives on new vehicles? Of course you have. Who hasn’t. They’re everywhere!
Because of these aggressive campaigns and extremely attractive sale opportunities, the number of new cars, trucks and SUV’s sold by automakers since Cash For Clunkers is growing at a record pace.
What does this mean to you and me?
Good question.
It means that there has never been a better time to consider the merits of a used car instead of a new one.
Why??
Because, until a couple of years ago, all of these new car buyers have created an overabundance of used cars – by turning in leases and trading in recently purchased vehicles…which gives you, the used-car shopper, a mega-amount of choices of quality, low mileage vehicles.
Plus, the flood of people that bought all those new vehicles during the original Cash For Clunkers have started to trade-in those cars and has made the used car market ripe for the pickin’.
See…the used car market is somewhat depressed, which means the prices are lower than normal.
This is not good for your new-car buyer friends who are trying to get maximum money for their two and three year old trade-ins, but it’s great for the smart shopper like you who knows the insider information about buying used cars at depressed market prices.
You are the one who scores. You are the one who will save money.
Why would a used car dealer tell you this, let alone put it in writing?
Because I am in the best position ever to offer you an amazing, high-quality, pre-owned vehicle for a price and a payment that’s unheard of.
Plus, because so many new car buyers are trading in their cars so quickly to get jammed into another, most of these vehicles come with the peace of mind of it being top-quality and barely used.
What really matters is having a car you truly love and adore that is dependable and affordable.
If your budget is at its max, then buying a used car makes sense. It is the only way to get the most vehicle for the least amount of money.
How many new cars do you know of that list for under $10,000?
We both know what kind of car that buys. Not much. A strip-o model. That’s car talk for a car that has no features.
Manual transmission, no A/C, you can forget safety features and definitely no luxury accommodations.
What fun is that?
Michelle Krebs of Cars.com writes, “For less than half the price of the average new car, you can buy a 3- or 4-year-old used vehicle that is larger and loaded with more features than the small, bare-bones new one.”
Now we’re talking.
But I’m not going to be one sided here. Buying a used vehicle has its drawbacks.
You are not the first owner of the vehicle so you don’t know where and how it was driven or how it was cared for.
Was the scheduled maintained performed?
You may or may not know.
Many say that a used vehicle will require maintenance and possibly expensive repairs sooner than a new one, and these repairs may or may not be covered by a warranty depending on the vehicle you buy.
One state Independent Automobile Dealers Association web site states, “All automobiles require upkeep, so factor in some amount for repairs. A good rule of thumb: Multiply the number of miles you expect to drive a month by 38 cents; the amount of money you should set aside a month to cover operating costs and maintenance on a car in addition to your car payment and insurance.”
Operating costs include everything from repairs and routine maintenance – like oil changes – to gas, car washes, and air fresheners.
In the next post, I’ll share with you Step #2: The pros and cons of buying both new and used.
To read part one of this article, please click HERE.
About Frank Myers Auto Maxx
The original Frank Myers Store was started more than 83 years ago by Frank Myers, the Great-Grandfather of the current owner Tracy Myers and the Grandfather of the previous owner, Franklin Myers. Tracy has spent the past 15+ years trying to change the landscape of the car business and the bruised reputation of car salespeople all over the country. Tracy was one of the first 100 Certified Master Dealers in the Nation, a NIADA Eagle Award Winner and was the youngest recipient ever to be honored with the highest available distinction in the used car industry…the National Quality Dealer award. Frank Myers Auto Maxx was recently recognized as the #1 Small Business in NC by Business Leader Magazine, one of the Top 28 Independent Automotive Retailers in the United States by Auto Dealer Monthly Magazine, one of the Top 10 Internet Auto Retailers in the Nation & one of the Top 3 dealerships to work for in the country by The Dealer Business Journal. Tracy is also the Co-Creator of the “Everybody Rides” program and author of the best selling book “Car Buying Secrets Exposed: The Dirty Little Secrets of a Used Car Dealer”, available at Amazon.com and better bookstores. He is a Christian Business Owner whose goal is to run his business “By the Book”. The dealership specializes in helping people find, qualify for and own the vehicle of their dreams with little or no money down…even with less than perfect credit. For more information on Frank Myers Auto Maxx, please visit their website at: https://www.frankmyersauto.com
CONTACT
Frank Myers Auto Maxx
4200 N. Patterson Avenue
Winston Salem, NC 27105
SALES PHONE: 336-767-3432
SALES WEBSITE: https://www.FrankMyersAuto.com
SERVICE PHONE: 336-831-0656
SERVICE WEBSITE: https://www.frankmyersauto.com/winston-salem-auto-repair.html
