Used Car Financing For Any Credit Score

No matter what your credit score is, there’s a way to finance a used car purchase. Even auto shoppers with bad credit scores can find reasonable rates if they look hard enough. It’s just a matter of knowing your options.

Here are a few things to keep in mind as you begin researching available auto loans for your next used vehicle.

Evaluate ALL of Your Options Before Deciding

Not every auto lender will view your financial history the same way. Some will offer you better rates than others, so don’t just leap at the first reasonable quote you receive. Try to avoid places that specialize in giving deals to people with bad credit. Sometimes, their great rates can be deceiving. Stick to reputable lenders who help people with any kind of credit score obtain fair financing.

Don’t Just Go With the Cheapest Monthly Payment

Although some lenders will promise impressively low monthly payments if you take your time paying off the car, that’s actually not a great way to save money. Interest can accumulate over the years, and if you’re not careful, you might end up paying thousands more than you intended to. Stick to shorter loan terms that might have higher monthly payments but will save you money in the long run.

Get the Financing Terms Set in Stone

Once you find a lender or dealer to finance with, make sure that you know exactly what the conditions are before you hop in your new pre-owned vehicle. The last thing you want is to find out that the terms can change a year into your agreement. Get the details in writing so there won’t be any surprises later on.

When searching for a financed used vehicle from a dealer, consider turning to a company like PAACO. They can give you instant pre-approval and help you receive direct financing that’s safe and affordable. All of their pre-owned vehicles undergo thorough inspections, so you know you’re purchasing a quality vehicle for a fair price. Call 877-810-4555 or visit https://publicautotx.com today to learn more!

Why Buying a Preowned Car Is a Better Economic Dec

When deciding what car is right for you, it can be tempting to give into that new car smell and shiny new exterior. However, many financial experts have proven time and time again that purchasing a new car is not nearly as financially savvy as buying a used vehicle. Sure, you won’t get the joy of owning a sparkling vehicle fresh off the lot, but the economic advantages of purchasing a pre-owned car can be significant.

Not convinced? Here are some things to know before you decide on a new car instead of a reliable used one.

A New Car’s Value Depreciates As Soon As You Drive It Off the Lot

After just one year of driving a brand new vehicle, it will have depreciated around 30 percent in value. That means if you paid $30,000 for your car, it will only be worth a little over $20,000 after 12 months. On the other hand, used cars don’t depreciate nearly as quickly (probably only a couple thousand dollars every year or so). Pre-owned vehicles are better at maintaining their value, and you won’t feel as ripped off after a year or two of driving them.

An Old Car Might Be Just as Reliable as a New Car

Cars in today’s world are being built to last, so you don’t need to worry that a pre-owned vehicle will fall apart shortly after purchasing it. There are very few risks that come with used cars, so don’t let others tell you that new cars are more reliable. Even buying a car with more than 100,000 miles isn’t necessarily a bad idea with today’s technological advancements. Chances are, if you go with a dependable car brand, your used car will be just as reliable as a the newer version that’s triple the cost.

You Can Shop for More Luxurious Cars If They Aren’t Brand New

Want some leather seats and a heated steering wheel, but limited by your budget? You might be surprised by the high-end vehicles you can afford if you start shopping for pre-owned cars instead of new ones. At a new car dealership, your budget might make you go for the most basic model, but with a used car seller, you might be able to find some upgrades for very little extra cost. Plus, new car sellers will nickel and dime you for everything they can, but most used car sellers won’t.

Auto Insurance for Pre-Owned Cars Is Usually Cheaper

Because your used vehicle will be worth less, you won’t have to pay as much to insure it. That means one more budget-friendly change in your life. Even if you’re just saving an extra $50 each month, that’s roughly $600 in a year that will go back into your wallet. Additionally, you might be able to get better coverage for a more reasonable price, so you won’t have to worry as much about fender benders or other accidents.

Registration Fees for a Used Car Will Be Cheaper

As cars get older, they get less and less expensive to register with the government. Sales tax will also be a little lower with a pre-owned vehicle. Who doesn’t want to save a little extra when they can? After all, those seemingly insignificant fees can really add up and throw your auto budget out of whack.

Smaller Price Tag Means a Smaller Auto Loan

Because you won’t have to finance as big of a sum with a used car, you won’t have to pay off your vehicle for as long. Plus, you will accumulate less fees from interest, which means saving even more when all is said and done. No one wants to spend years and years paying off a new vehicle after it’s already lost its flair, and if you are not careful, you can end up spending a hefty amount on interest fees after financing an expensive new car. Keep things simple: buy a cheaper call, take out a smaller, more manageable loan.

There Are Plenty of Statistics Available on the Used Car You Are Purchasing

When you buy the newest model of a car, you don’t always have all of the information you might want. The model hasn’t been tested for long by actual consumers, so you might not be aware of all its flaws. When you go to purchase a used car, there are many more reviews and statistics available online. You can find out exactly how reliable the brand and model are and feel more prepared when you fork over the payment.

You Get More Bang for Your Buck Overall 

Between saving money on the car itself, insurance, registration fees, taxes, and more, it’s pretty clear that you can stretch your dollar further with a used vehicle than you can with a brand new car. Unless that new car smell and the bragging rights that come with purchasing a vehicle fresh off the lot are important to you, you’re better off spending your money on a trust pre-owned vehicle. It’ll cost less up front and save you bundles over the course of your driving.

When searching for a used vehicle from a dealer, consider turning to a company like PAACO. They can help you find the perfect pre-owned car for your budget and needs. Plus, all of their vehicles undergo a thorough inspection, so you can be sure that your used car will be extremely reliable. Ready to start searching for your ideal vehicle? Call 877-810-4555 or visit https://publicautotx.com today to learn more!

Finding Quality, Affordable Used Cars

So you need a new car, but you’re not able to shell out the big bucks. The solution? A reliable but older vehicle that comes at a great price. Although you can find a plethora of available used cars online, you need to be careful when it comes to committing to one. Here are a few steps you should take to avoid overspending or ending up with a low-quality vehicle.

Figure Out What Your Budget Is

A general rule of thumb is that you should be looking for a car that has around 100,000 miles to score the best deal. Although this might seem like a lot, the car probably still has a lot of life left but not a huge value. You can potentially score a decent price for an older vehicle with more miles (between $2,000 and $5,000). Figure out what you can afford and start perusing nearby selections. 

Avoid Unreliable Cars, Even If They’re a Bargain

Some car brands hold up longer than others, and buying a cheap but unreliable car will actually cost you more in the long run. Stay away from European cars with high maintenance costs or you’ll end up spending more on repairs than you did on the car. Instead, search for a car that requires minimal upkeep and will run for several more years.


Test Drive and Inspect Any Used Car

Never judge a car by its outside appearance alone. You’ll need to take it for a spin to see how it runs, have it inspected by a professional, and find out how well it’s been cared for over the past few years. Keep in mind that the car might require new tires or other repairs, so don’t blow all of your budget on the car before learning what kind of extra costs might accompany it.  

If you really want to be sure that the used car you’re considering is up to par, purchase it from a reliable company like PAACO. All of their cars are thoroughly inspected, so you always know you’re purchasing a quality vehicle for a great price. To learn more about PAACO and their available used cars, call 877-810-4555 or visit https://publicautotx.com.

Understand the Used Car Warranty Before Making a P

Buying a used car can be a stressful and time-consuming process. Between researching your various options, establishing a firm budget, inspecting several vehicles, and deciding on a fair price with the seller, the entire process can feel overwhelming. One of the most confusing parts can be deciding if you need to go with a warranty for a used car. There are several things to consider when making the choice to purchase a warranty, including the following:

Figure Out What Kind of Warranty the Dealer Is Offering

Not all used car warranties are the same. There are at least four different kinds, and each covers different problems and lasts a different amount of time. A bumper-to-bumper warranty is similar to a new car warranty in that it covers almost all of the major components of your vehicle, including your air conditioning and your stereo. A powertrain warranty will cover your engine, transmission, and drive axle, and a vehicle service contract (aka an “extended warranty”) covers only the items it specifically lists. A roadside assistance warranty will cover you whenever you have a mishap on the road (flat tire, locked door, towing, etc.). None of these usually cover routine maintenance problems.

Read the Fine Print Carefully

Before agreeing to any kind of warranty, make sure that you’ve gone over the paperwork thoroughly. Most warranties have specific coverage periods, fees, and other hidden stipulations. Peruse every part of the agreement thoroughly so you can gain a comprehensive understanding of the warranty and everything you’re getting from it. Don’t just rely on the warranty provider or dealer to inform you of all the small details.

Understand What an Extended Warranty Is and If You Need It

Usually, your used car will come with a warranty that covers the first few months of ownership. However, some dealers will offer you an extended warranty. If you’re concerned that your used car will break down after the first few months and you want to be covered by a warranty, then it might be worth your money. However, most experts advise staying away from extended warranties when you can. If you’re buying a well-reviewed, reliable used car, you probably won’t ever need it.

Negotiate the Terms of the Contract

After reading over the warranty and learning all of the details, decide which terms work well for you and which don’t. Warranties usually aren’t set in stone, so if you push for a better price or different terms, you might be surprised by the results. Also, compare warranties from several dealers so you can fully understand what all of your pricing options are.

Figure Out What the Warranty Doesn’t Cover

Most warranties from used car dealerships don’t cover brake linings, tires, wiper blades, light bulbs, floor coverings, spark plugs, batteries, and some other parts. There are some exceptions depending on where you look, but do your homework and figure out exactly what your warranty will cover so you aren’t surprised later on down the road.

Learn What You Will Be Responsible For

With many warranties, you will be expected to uphold certain standards in order to keep the contract valid. This may include conducting regular maintenance checks that you wouldn’t normally do, so pay attention and don’t get caught off guard. The warranty might also make you take your vehicle to a specific dealer or auto shop for any maintenance, so you won’t be able to choose another place without jeopardizing the warranty. You’ll also have to keep extensive records of the maintenance you perform on the vehicle.

Compare As Many Warranty Options As Possible

Although the dealer you purchase your used car from might make it sound like they are the only ones who can provide you with a warranty, you can actually purchase an extended warranty at other places. Do your research to see if you can save a little money by turning to another source. You also don’t have to purchase the warranty immediately after you buy a used car, so take your time and select the best one for your needs. Not sure where to start looking for the best warranty deals? Look at plenty of dealers, insurance companies, and credit unions.

Be Suspicious If Something Seems Weird

It’s not uncommon for used car shoppers to receive warranty offers in the mail or from callers, but don’t fall prey to any of these tricks. Keep your guard up and only speak to professionals who are offering you legitimate contracts. How can you tell if something’s fishy? Watch for phrases like “final warranty notice” or requests for lots of personal information. Those are huge red flags and probably indicate that the solicitor is trying to scam you.

Don’t Sign Anything If It Doesn’t Seem 100 Percent Clear

If you are confused about any aspect of the used car warranty, don’t agree to it. You need to understand exactly what kind of warranty you’re being offered, what’s covered, what the exact price is, and what all of the clauses mean before you make any binding decisions.

When searching for a used vehicle from a dealer, consider turning to a company like PAACO. They can help you find the perfect pre-owned car for your budget and needs. Plus, all of their vehicles undergo a thorough inspection, so you can be sure that your used car will be extremely reliable. Ready to start searching for your ideal vehicle? Call 877-810-4555 or visit https://publicautotx.com today to learn more!

Basic Car Maintenance Checklist

Even though we drive our cars every day, we often don’t think about all of the work that the different systems within our car have to execute day after day, and trip after trip. Although it can be easy to skip over your car’s basic maintenance, it is important to maintain your car’s systems. A well maintained car can last much longer and even increase its resale value. Don’t know where to start? Read on below to get an idea of what basic car maintenance looks like!

Flush/Inspect Your Brakes:Flushing your brake fluid is a very important part of maintaining strong and safe brakes. If you have noticed your brakes start to get a bit “squishy” over time, it might mean it is time to flush out the brake fluid! It is also extremely important to inspect your brakes for any cracks and to make sure they are wearing out in an even fashion.

Inspect Your Tires and Alignment:Another important piece in basic car maintenance is inspecting your tires. Make sure to check all tires for loss of tread, holes, or tears. The alignment of your car can also be easily tested. When you take your hands off the steering wheel, does the car veer in one direction or the other? If so, that could be a sign that your car’s tires are out of alignment and need to be rotated.

 Check Your Wipers:Nothing is worse than driving through rainy weather when you realize that one of your windshield wipers is broken or damaged. This can also create a very dangerous situation. Be sure to check your windshield wipers for any damage on a consistent basis. Additionally, be sure to check your levels of windshield wiper fluid, and top it off as needed!

Contact the Experts at PAACO!

Did you know? For over 24 years, PAACO has been helping good people get the transportation they need and deserve. Regardless of past credit challenges and financial transgressions, we at PAACO feel that our customers deserve respect. In fact, our primary goal is to provide people with a superior customer service experience, and give them the royal treatment they deserve. Our inventory selection is better than ever – we have over 900 vehicles to choose from! Every vehicle we sell undergoes a rigorous 70-point inspection by one of our 10 certified mechanics; PAACO vehicles also go through a third-party inspection, to ensure that we are giving our customers a quality vehicle. We back all our vehicles with a FREE 6-month, 6000-mile warranty (whichever comes first, based on sale date).

Providing excellent customer service has always been our highest priority – after all, our customers are the reason we’re in business. Our team of Account Managers is dedicated to helping each of our customers achieve their dreams of vehicle ownership! Call us today at 877-810-4555. We’re always happy to offer our assistance!