10 Reasons to Buy a Pre-Owned Vehicle presented by Baron Auto Mall

As automobiles and trucks have evolved over the years, so have the appearance and reliability of used vehicles. Combine that with the challenging economic climate of the last few years, and pre-owned transportation can start to look better and better. Here are 10 good reasons to consider purchasing a used car or truck:

1. Used vehicles cost less than new ones, an increasingly important factor with gas prices rising so dramatically in the last several years and making operating a vehicle more expensive.

2. Pre-owned cars and trucks have become more reliable over the years, and some come pre-certified or with warranties still in effect.

3. Insurance and registration cost less on used cars. On older cars, owners can also drop collision and theft coverage.

4. Owners can buy more used car for their money, often enough to upgrade to a premium model.

5. Used vehicles can be much more economical than new vehicles over their lifetimes. Executive Editorial Director and Market Analyst Jack Nerad of Kelley Blue Book Co., Inc., believes the most cost-effective method of car ownership is to purchase a two-year-old vehicle and drive it until it dies.

6. The mileage death knell for a typical vehicle, once 100,0Baron Auto Mall00 miles, has increased to 200,000 miles or more, rendering old mileage arguments against many used vehicles moot.

7. Because manufacturers no longer redesign their models annually, a three-year-old sports car or truck sitting in a person’s driveway can look no different than a brand new one.

8. With firms such as Experian and CARFAX, Inc., providing vehicle-history reports, owners face less risk when buying a used vehicle than they did in the past.

9. Individuals with poor credit tend to qualify more easily for auto loans when purchasing used vehicles.

10. New cars depreciate by about 20 percent as soon as they leave the lot and another 10 percent in the first year. Pre-owned vehicles have already undergone that depreciation and so decrease in value at a much slower rate.

About Baron Auto Mall: Founded in 1995 as the first indoor auto showroom in the United States,  offers a diverse selection of premium pre-owned vehicles at its facility in Suffolk County, New York. Its sister facility Baron Honda sells new and used vehicles and provides service to customers at its Patchogue, New York, dealership.

Baron Auto Mall Offers a Primer on Car Auctions

Based in Medford, New York, Baron Auto Mall operates the largest used truck dealer and indoor auto mall in Suffolk County on Long Island. Founder Robert Baron understands the importance of buying an automobile. In order to provide his customers with the best deals, he and his staff purchase many of Baron Auto Mall‘s stock from top-quality auctions.

Buyers can discover a wide variety of vehicles at car auctions. Usually, pre-owned automobiles constitute the majority of offerings and lots often consist of cars whose leases have run out, older rental cars, and trade-ins. However, new cars sometimes appear at auctions because dealers cannot find a buyer at the manufacturer’s suggested retail price or because they want to make room on their lots for newer models. In more prestigious auctions, high end, exotic, and specialty cars may be sold. Additionally, some buyers like to attend car auctions to bid on damaged cars that they can repair on their own time.

Car auctions operate like many other auctions where people bid on the inventory available. Some auctions permit the public to attend, while others only allow selected individuals and car dealers to participate. Whether an amateur or a professional, a buyer should research the value of each automobile. Many purchasers bring the Kelley Blue Book to learn the accepted price for each car in its respective condition. Generally, car auctions sell their items “as is.” However, depending on the rules for the particular event, a bidder may test drive it or receive a month-long warranty.

Recently, online auctions have emerged as a popular option, even though potential bidders cannot check the car prior to purchase. Government and police auctions are also favored among those seeking to buy cars at a cheap price. The auctions, which are open to the public, focus on the sale of automobiles and other vehicles seized by law enforcement.

Baron Auto Mall with Tips on Buying a Used Car, Part 1

Are you thinking of buying a used car? Not sure where to begin? Here is a list of helpful suggestions compiled by New York’s Baron Auto Mall.

 

1. The first step in buying a used car is to determine how much you are willing to spend. There are two primary options for financing the purchase of a new car: paying for the car up-front with cash or taking out a loan. Once you have a general dollar amount in mind, you should also consider that there are additional expenses on top of the price of the car, such as taxes, title, registration, and insurance. Shop around for insurance and find a ballpark figure for your premium. Some drivers like the security that an extended warranty affords them; this is yet another expense.

 

2. Next, you need to decide the type of car you want. Do your research. The Internet makes it extremely easy to find consumer reports and learn about recalls. The more specific you can make your car preference, the less overwhelming the search will be. Do not get too specific, however, or you might be looking for a long time.

 

3. Once you find a car, ensure that the sales price is an accurate representation of the car’s value. One way to do this is to look at the car and test drive it. It is also a good idea to have a trusted mechanic take a look at the car. He or she can spot any potential problems. Additionally, do your research by consulting an authoritative publication, like the Kelley Blue Book.

 

4. When you have decided that you like the car you’ve found and that it is worth the price, get in touch with the seller or talk to a sales person at the lot. If you are purchasing from a previous owner, ask him or her why the car is for sale.

 

5. These days, it is extremely easy to find the history of an automobile. You can obtain both a history and safety report on the car by using the vehicle identification number. With this number, you can access a CARFAX Vehicle History Report that will disclose past accidents and discrepancies in the odometer.

 

Stay tuned for four more helpful tips!

Baron Auto Mall with Tips on Buying a Used Car, Part 2

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Welcome to the Baron Auto Mall blog.