Buying a car should be an exciting time, especially if you have never bought a vehicle before. It’s very possible to make this adventure fun if you take time to research before you head to any used car lots in Baltimore, MD so you know just how much car you can afford and what features you should look for.
Going to a dealership and having no idea what your credit looks like and how much you can afford for a monthly payment will surely leave you with a contract you are legally obligated to pay back but you may not have the money for it. If you are looking to finance a car, you must get a copy of your credit report before you even begin shopping. Bermans Buy Here Pay Here will show you were you stand financially, and they will work with you by reviewing all the factors that most dealships will not when making an approval decision. And if your credit score is low, don’t fret. There are financing options available for people ranging from perfect credit to no credit at all. The terms and interest rates will vary of course, but financing is far from impossible regardless of your credit in this day and age, whether you are financing through a buy here pay here car dealer or paying out of pocket let Bermansbuyherepayhere.com help you get into the vehicle you need.
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New and used-car best buys for $40,000 or less
If staying within a budget means keeping the price of your new car below $40,000, then luxury transport is the way to go. The cars featured here — both the new and used models — are rides many people dream of owning someday. Stocked with technology, comfort and convenience features, they also offer impeccable styling and performance tuned more for the autobahn than your neighborhood streets.
Audi, BMW, Lexus, Infiniti and Mercedes-Benz made the new-car cut this week, as all have models we like for less than $40,000. This price range allows for the up-level trims, which means almost everything you could want will be included — forgive us if the “optional features” sections are slim. The only exceptions to this rule were the Mercedes-Benz GLK and BMW X3. Yes, both had many luxury features standard, but the list of optional features and packages still ran long.
Used and certified pre-owned cars less than $20,000
If you switch to used vehicles less than $20,000, you open up a whole new realm of possibilities. Several luxury brands become available in this price range, albeit with some mileage and a few years of natural wear and tear. Choosing a certified pre-owned used car, you can conquer some of those used-car fears knowing the vehicle has been fully inspected, repaired if needed and may even be under warranty.
If you prefer a vehicle that’s all decked out and delivers better-than-average performance and features, the certified pre-owned luxury car is your best bet. For less than $20,000, we found cars that included a laundry list of attributes to pamper you and make your life easier. Some of these include: power-adjustable and heated front seating, leather seating upholstery, wood trim, auto-climate control, remote window operation, all-wheel drive, multifunction steering wheel and heated windshield washer jets and reservoir to name a few.
On the performance front, these luxury models use larger engines to punctuate their drive feel. In turn, fuel efficiency is not as impressive as the smaller sedans. Add to this the fact that most luxury rides require premium fuel and you know for certain you’ll be paying more at the pump more often than with the economical new cars we’ve featured here. Similarly, maintenance and repair costs will be higher than on a new economy car, even with a CPO warranty. Determining which is more important to you, luxury and performance or lower cost of ownership, is part of the car-shopping game where each decision draws you closer to your ultimate best match.
Cheap cars: The case for, and against, buying basic transportation
I’m a car enthusiast – I love high-performance sports cars with rich leather interiors and tires that cost more than my mortgage payment.
The thing is, I’m also a cheapskate. When it comes time to actually signing on the dotted line for a daily driver, I almost always opt for the least expensive new car I can possibly stand driving. Known as the “stripper” model or loss-leader, it’s the car frequently advertised in the paper with a ridiculously low payment and/or MSRP. Most dealers have only one or two in stock, and you have to be aggressive to get the bargain price.
Fortunately, if you can actually find cheap cars to buy available on a dealer lot, driving a basic car isn’t nearly the sacrifice it used to be. As recently as the mid-1980s, a bare-bones model usually lacked things we consider essential today like air conditioning and power steering. Chevrolet even offered a “Scooter” trim level on the ’70s-vintage Chevette that did away with the rear seat and glovebox door.
Today, while air conditioning can still be found on the option sheet, most base-model new cars feature amenities like power windows and door locks. Government mandates have also standardized essential safety equipment like antilock brakes, multiple airbags and stability control. With such niceties included, it makes life easier for bargain hunters who are willing to sacrifice the heated leather seats and power moonroof.
Resale value and car-lot reality
On the down side, unless you’re planning to lease your cheap car, opting for the least equipment possible can bite you when it comes time to sell or trade the vehicle. Used-car customers (and lot managers at car dealerships) love fully loaded low-mileage vehicles, so your bargain-basement model might end up valued thousands of dollars below what a fully equipped version of the same vehicle would net. If you’re trading your car in, the hit will be worse than if you’re selling to a private party.
Finally, remember that automakers and dealers arrange things so they sell the models they want to sell. If you go bargain hunting, you’ll likely find rebates and other incentives are set up so a nicely equipped version of the car you’re seeking will cost just a few dollars more per month than the basic model. It’s not exactly a trick, but the pricing structure is carefully arranged to overcome your resistance. Be aware, watch the numbers carefully, and remember that you’re in control of your money.