Best Used Cars to Buy

Best Used Cars to Buy

If you are in the market for a used car, it is highly advisable to do some research before purchasing anything. With that in mind, there are certain websites that provide car reviews based on their performance, safety features, affordability, and vehicle automation.

Before we proceed with the top used cars to buy this year, let’s try to first discuss the benefits in doing so. Aside from the fact that used cars are less expensive than new models, these vehicles post less depreciation value. Used cars are better bargains because they previously depreciated just as soon as they were driven off the new-car dealership’s lot.

In addition, local car dealers promote some of the craziest fees in today’s market. Instead of allowing yourself to be tempted to buy a new car, look for ways to truly assess the pros and cons of a new car versus a car that is not only cheaper but also, they are not that relatively old.

Most of the time, car owners would sell their brand new car or slightly used one for the sake of jumping in on the bandwagon. For people who are looking to become more practical with their financial decisions, buying pre-owned cars can be a great option for them to not only save money but also acquire a ride that is totally worth it.

Lastly, the beauty with used cars is that the condition can still be in tip-top shape. There are car resellers that offer “Used Cars to Buy” that are not only in great mechanical shape but also are scratch and dent-free. With that in mind, here are some of the top best pre-owned cars to buy. To make this post a bit cohesive, the cars are categorized by price range.

Best Used Cars Under $10,000

2012 Chevrolet Volt – average price of $9,000 – $9,500

One thing is for sure, the 2012 Chevrolet Volt has a good level of acceleration for a hybrid, and much sportier handling than most of its competitors. Despite its very confusing interior controls, this 2012 model presents a highly advanced navigation system and a MyLink infotainment system.

In addition, customers were concerned with the fact that this 2012 model, which is also labeled as one of the best pre-owned cars to buy, has cramped rear seats and a small trunk. However, one of the best features of the 2012 Chevrolet Volt is the fact that its cabin includes a lot of premium materials. It promotes a comfortable ride by ensuring that the steering is precise and that it feels stable during cornering. With this car model, you can ensure that your drive back home will be comfortable and fun.

2012 Honda Fit – average price of $7,000 – $9,000

If you are looking for a compact car that has amazing gas mileage, why not invest in a 2012 Honda Fit? It’s the perfect ride to go around town. It has excellent steering that provides agility when handling the corners. Furthermore, its cabin is constructed with a basic set of materials. In addition, any buyer would notice the car’s cheerful design and accent. The front seats are very generous when it comes to both headroom and legroom. As a result, you can ensure that both the driver and front passenger would have a good amount of visibility.

As for the 2012 Honda Fit’s features, you can enjoy its AC system, CD audio system, cruise control, door locks, and power windows. This subcompact car provides enough cargo space for different shapes and sizes.

2010 Toyota Prius – average price of $7,000 – $8,000

Did you know that the 2010 Toyota Prius won Best Hybrid Car for the Money in 2010? Furthermore, it was considered as the 2010 Top Affordable Small Car and Top Compact Car. Any car enthusiast would know the true worth of this Toyota Prius.

In addition, it has amazing fuel economy and a versatile cargo and cabin space. The Toyota Prius’ style and design have always been recognizable in the auto market. The front wheels of this car are powered through CVT or a continuously variable transmission. This can be a great investment as it features seven airbags for safety purposes, electronic stability control, anti-lock brakes, excellent navigation capacity, and heated front seats.

2009 Honda Fit – average price of $4,000 – $5,000

There are a lot of advantages to get the 2009 Honda Fit. For one, it is super fun to drive, much like every other Honda Fit. The second advantage is that this vehicle presents enough passenger space, as well as cargo space, for the whole family. The 2009 model also features a 1.5-liter four-cylinder engine that promotes very good fuel economy.

The downside to this car is that its competitors have the standard electronic stability control, something that the 2009 Honda Fit lacks. Nonetheless, this Honda Fit features an AC system, door locks, power windows, and a stereo complete with an auxiliary input jack.

2009 Scion tC – average price of $3,000 – $4,000

According to Cars.US News, the 2009 Scion tC has won the top spot for Used Compact Cars under $6,000 and second place for 2009 Affordable Small Cars. Furthermore, with this car, you can enjoy certain features including a standard USB port as well as a Pioneer stereo, driver’s knee airbag, and ample cargo space.

There are critics that have commented on how the 2009 Scion tC has low safety scores; which may throw customers off track. Yet, this coupe possesses an electronic brake-force distribution system and anti-lock brakes; both of which are uncommon safety feature in a coupe at that price range.

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Best Used Cars Under $15,000

2014 Nissan Altima – average price of $11,000 – $15,000

One of the first few things you will notice about the 2014 Nissan Altima is the fact that it has an upscale interior. Test driving will make you realize that it also has an amazing fuel economy rating. Furthermore, this Nissan Altima, for an average price of $11,000 to $15,000, has a strong performance rating that every car owner would be happy to invest in.

It has a horsepower of 182 up to 270. Its 2.5-liter four-cylinder engine provides brisk acceleration. The 2014 Nissan Altima is also considered as one of the best non-hybrid vehicles among its competitors. This particular Altima model has tether anchors on the rear seats and lower anchors on the car’s outboard seats.

2014 Nissan Sentra – average price of $9,000 – $11,000

The 2014 Nissan Sentra has an amazing fuel economy rating compared to most of its competitors. Furthermore, it also has ample space in the trunk and in the rear seats. What most customers love about this Nissan Sentra is its affordability.

It features excellent performance as well as easy-to-use interior controls, and the CVT-equipped models have the best rating when it comes to fuel economy; 38 mpg on the highway and 30 mpg in the city. For some, the only downside to the Nissan Sentra is that it lacks the excitement you would typically see in some of its competitors.

2012 Nissan Leaf – average price of $12,000 – $12,500

If you really want to impress your friends opt for something like the 2012 Nissan Leaf. Why? Well, take a look at all of the awards that this model received – Top in Used Hatchbacks $2,000 to $15,000, Top in 2012 Hybrid Cars, Top in Used Small Cars $12,000 to $14,000, Top in 2012 Hatchbacks, and so much more.

Some of its basic features include a very responsive electric motor, a USB port, Bluetooth, navigation system, and satellite radio. With the 2012 Nissan Leaf, you’ll know that it’s worth every penny you spend, which is not that much!

2017 Chevrolet Sonic – average price of $10,000 – $14,000

With the 2017 Chevrolet Sonic, customers will enjoy a refreshed exterior styling, an amazing handling system that is crisp, a powerful engine, spacious and seating area and cargo space. While it may have lower a fuel economy rating than some of its competitors, it has one of the best safety ratings, as well as excellent predicted reliability.

2014 Honda Civic for an average price of $10,000 – $15,000

The 2014 Honda Civic promotes a balanced ride and amazing handling. On top of its interior style and design,  it also has a fairly good reliability rating as well as safety features. It has excellent gas mileage despite it having limited trunk space. However, what you should be excited about is its CVT five-speed automatic transmission as well as the Civic’s Lane Watch camera with an updated touch screen.

Best Used Luxury Cars Under $30,000

2009 Lexus IS – average price of $8,000 – $9,000

Despite the 2009 Lexus IS having a small back seat and limited front-seat headroom, you would still be willing to purchase a used Lexus IS 350 for the fact that it features refined handling, ample power, and a high-quality interior.

2011 Lexus CT Hybrid – average price of $9,000 – $10,000

With an average price range of $9,000 – $10,000, the 2011 Lexus CT Hybrid has been labeled as one of 2011’s Top Hatchbacks, Luxury Small Cars, and Luxury Hybrid Cars. It was also named the 2011 Top Used Luxury Small Car under $20,000 to $30,000.

Some of its standard features include dual-zone climate control, satellite radio, a USB port, an excellent navigation system, and Bluetooth. Its competitors include the 2011 Audi A3 and 2011 Nissan Leaf, and reviewers all agreed that when it comes to this car’s base model, it is better equipped the others.

2014 BMW 3-Series – average price of $8,000 – $14,000

Car enthusiasts can be certain that when it comes to the 2014 BMW 3-Series, every penny spent will be well worth it. If you plan on buying a used BMW 3-Series, you’ll enjoy a roomy cabin, user-friendly infotainment system, good fuel efficiency, and excellent reliability.

Furthermore, some of the added features that some car owners would be happy to have include a re-designed sports wagon, a four-door Gran Turismo hatchback, and a four-cylinder diesel engine.

2013 Audi A4 – average price of $13,000 – $20,000

The 2013 Audi A4 is one of the luxury cars that is known for its top-notch interior materials, responsive steering, a very powerful braking system, a sunroof and automatic climate control. The Audi A4 also has an excellent navigation system, blind spot monitoring, HD Radio, 14-speaker Bang & Olufsen sound system, Bluetooth, and iPod integration.

2013 BMW 1-Series – average price of $13,000 – $21,000

Lastly, our final spot for the top used cars to buy this year would be the 2013 BMW 1-Series. It has ample engine power, nimble handling, excellent communicative steering, amazingly strong brakes, and a six-cylinder engine that provides brisk acceleration. All of which make this BMW 1-Series super fun to drive. While there were some critics who have claimed that the front seats were lacking in terms of space, the rear seats are very generous, and you can enjoy a Harman Kardon surround sound audio system and BMW’s iDrive infotainment system. Imagine this, a car that sold for $50,000 just a few years back can be yours for less than half its original sticker price. Every year, car brands are releasing new models.

If you pay attention to the features, you’ll notice how many car models do not differ drastically. But every now and then, there will be certain features that change the whole game of a particular car model. By purchasing one of those models used, you can enjoy all the features of the car and save a substantial amount compared to when it was brand new. 

If you want to be practical about it, buying used vehicles is the best way to save some cash without compromising the quality of your ride. And at Fairless Motors, we have a great selection of quality pre-owned cars, trucks and SUVs, all of which have been inspected, serviced, and test driven to give you confidence in your purchase choices with us. In addition, we work with all credit ratings, including fair credit, bad credit, and even no credit. At our family-owned and operated dealership, Fairless Motors has one of the strongest finance teams in the industry. With over 25 years of experience, we will help you get the vehicle that best fits your needs and budget.

How Getting A Car Loan Can Help You Rebuild Your Credit

How Getting A Car Loan Can Help You Rebuild Your Credit

Do you have bad credit? Do you need a new car? If your answer to those questions was a YES, you are probably wondering how I can get a car loan with my bad credit; and if there’s some way to actually do that, how will it help me improve my credit score? Well just read on and you’ll get the answers to your questions.

What is Credit?

Credit is defined as the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. The key word here is trust. From a business standpoint, your credit score is like your trust meter. If your credit score is low, companies will be less likely to trust your ability to repay a loan. On the other hand, with a higher credit score, there is a good chance more companies will be willing to offer you a loan because they trust your ability to repay that loan.

Factors That Affect Your Credit Score

Payment history is a major factor because it lets companies know if you pay your bills on time and if you are making payments in full. Other factors that affect your credit score are the number of open credit cards you have, how many are maxed out, how many have you recently applied for or received, and have you also applied for any loans recently.

Why A Car Loan?

Car loans are not like credit cards. With credit cards, you can continue to make purchases against your cards and make payments based on the amounts of those purchases; but there is no collateral for the credit card to take back if you fail to make the payments. A car loan payments, on the other hand, are fixed at a specified amount and paid over a predetermined number of months, and the vehicle is the collateral for the loan. That means if you fail to make your car payments, the loan company can repossess the vehicle and sell it to recoup some of its losses. By making your car loan payments for the prescribed amount on time every month, you are showing the loan company that they can continue to trust you to make those payments until the loan is fully paid off, during which your credit score will continue to increase.

If you can, it’s always beneficial to make a down payment,  no matter how small it may be. Doing so will improve your chances of getting approved and will lower your monthly payments. Always choose a vehicle that is within your budget, or even less than afford each month to prevent going over if unexpected expenses pop up. That also gives you the ability to make higher payments than required, which will improve your score and will tell the loan company that you are responsible.

What Exactly Do I Need to Do Before and After Getting a Car Loan

Fairless Motors has been one of the area’s best family owned dealership for pre-owned cars for almost 30 years. Our finance department has over 50 years of combined expertise to help customers with any credit history get approved. Fill out our short credit application and you’ll be on your way to an instant approval. Our experienced team will get you behind the wheel of the vehicle that best fits your needs and your budget. We maintain an inventory that includes cars, crossovers, SUVs, minivans, and pickups that span the auto industry.

10 Best Used Luxury Cars to Buy

10 Best Used Luxury Cars to Buy

Purchasing your own car is a monumental decision; various aspects of your personality, preferences, and budget all factor into the selection of your ideal car model. We all want the best that’s on the market these days, but even if the hefty price tag of a brand-new luxury car is beyond your budget, that need not hold you back from owning a used luxury car at an affordable price.

Here are 10 of the best used luxury cars currently on the market. They combine both a definitive sense of style and an appealing affordability compared to this year’s new models. Though the market depreciation value can vary depending on the exact year of the model selected, all 10 cars offer tremendous value for the price.

  1. Mercedes Benz E-Class

One of the most versatile on the market, the E-Class has consistently been ranked as a Top Safety Pick, with some of the highest crash testing grades possible. The E-Classwas awarded 2013’s Best Luxury Full-Size Car for Families by US News & World Reportand has consistently ranked at the top of its class in subsequent years. Featuring a V8 engine, Nappa leather upholstery, massaging seats and superior audio technology, the E-Class is an ideal used luxury car option.

  1. Buick LaCrosse

Though Buick cars tend to be overlooked in the luxury car category, the LaCrosseis an impressive exception. Its Ultra Luxury package provides leather seats with multi-adjustable headrests and fully updated WiFi and audio systems. Following the LaCrosse’s redesign after 2010, optional safety features like collision warning and lane departure alert were added. It’s a large sedan that offers extensive space and comfort at an affordable price.

  1. BMW 7-Series

The BMW 7-Serieswas awarded the top honor as one of 2016’s Best Cars by Consumer Reports, so a used 7 Series is a valued find. BMW combined their usual luxurious all-leather interior with a panoramic glass roof and innovative entertainment system. The 7- Series offers superior handling and a spacious interior. Though not as sporty as other BMW models, it is still one of the more powerful and elegant used luxury car choices.

  1. Lincoln MKZ

The MKZ features a panoramic roof similar to the BMW 7-Series, but with a far more affordable used market price. The leather interior features both heated and massaging multi-contoured heating, and a sleek exterior.  With remote start, HD radio, and the My Lincoln touch screen infotainment system, the MKZhas the feel of a fully loaded luxury sedan. It’s also earned a higher than average reliability grade from J.D. Power, which makes is a great luxury car at an affordable price.

  1. Porsche Panamera

Porsche’s brand is symbolic with luxury car, and a used Panameraupholds that reputation. Boasting a twin-turbo V8 engine with 570-horsepower, it possesses Porsche’s signature speed as well as superior audio and safety features. It offers a roomier back seat than prior models as well as a larger interior cabin but still maintains its agile handling. The hatchback and folding back seat offer generous cargo space.

  1. Infiniti Q70

The 2015 Q70is deemed one of the best used luxury cars available on the market, featuring innovative audio technology, leather interior, and ash-wood trim. The seating is spacious with wide interior legroom. With a powerful V8 engine, it provides decent gas mileage and solid acceleration. Its standard rear-wheel drive allows it to handle more like a sports car than a luxury sedan. It also has a fully integrated infotainment system, making it one of the best values on the pre-owned market.

  1. Lexus ES

The Lexus ESmodel is a great option for a luxury car at a sensible price. Its elegant wood trim and climate-controlled seating combine with its front wheel drive capabilities to remain an ideal midsize luxury car. The ES remained relatively the same since its redesign back in 2013 with the addition of several new features in 2017, such as automatic braking, and lane assist. It’s consistently excellent reliability grades throughout recent years render it an excellent value in terms of used luxury cars.

  1. Acura RLX

The RLX is another cost-effective choice in the used luxury car market. It’s V6 engine offers the best value in gas mileage. It offered the Precision All-Wheel Steering System in its 2014 RLXmodel which was a significant improvement in terms of the RLX’s overall agility. It also offers leather interior, heated seats, and a 310-horsepower V6 engine with front-wheel drive. The entertainment package includes Bluetooth service for phone & audio, and a comprehensive navigation system.

  1. Audi A7

The Audi A7is another money saver in terms of gas mileage, featuring a 3.0L, 6 cylinder engine and adaptive cruise control. It has leather interior, an updated infotainment package, and a streamlined exterior with hatchback storage. Although it’s maintained its sporty look, the A7 offers impressive performance and excellent gas mileage. The cargo space is larger than most vehicles in its class and offers optional rear bench seating.

  1. Jaguar XF

With a sporty, supercharged V6 engine, a used XFmodel still lives up to Jaguar’s slick reputation. Despite its larger body, the XF still handles curves with rapid precision. It’s an ideal midsize sedan with some of the biggest cargo space in its class, but still retains Jaguar’s sporty exterior. It offers heated seats, satellite radio, and a full navigation package. The XF’s all-wheel drive and 3.0L, V6 engine offers surprisingly economical gas mileage.

It’s sensible to regard your next car purchase as a serious economic decision, but there’s no need to forsake the car of your dreams in fear of a massive sticker price. There are several fantastic pre-owned luxury cars available on the market at extremely affordable prices. Why not let the professionalsat Fairless Motors guide you on your way? Check out our extensive inventoryof used cars online or stop by our showroom and chat with one of our knowledgeable team members today.

 

 

7 Myths About Buying a Car from a Used Car Dealer

Seven Myths About Buying a Car from a Used Car Dealer

Are you in the market for a used car? Many people who are shopping for a used car skip over their local used car dealer because they believe some commonly spread myths, even though they have been disproven. If you are in the market for a used car, don’t forget to stop by your local used car dealer, Fairless Motors, to take a look at our pre-owned inventory. These seven common myths are relics of the past or were never true to begin with, so make sure that they aren’t clouding your judgment!

Pricing is better from a private sale– when you are dealing with a private seller, you do not always get an accurate history of the car and if it has been involved in any accidents. Also, there is less recourse if you are unhappy with your purchase because it can be difficult to hold someone liable after a private sale. And most privately sold used cars are sold As-Is. In terms of price, everyone is able to access the pricing information from sources such as Kelley Blue Bookand Edmonds. Most cars are priced competitively no matter where you buy them.

Used car dealers don’t like to take trade-ins– this could not be further from the truth. While of course there will be some trade-ins that aren’t a good fit for the dealer, they will usually be more than happy to accept your trade-in! If you are looking to buy a new car and receive credit for your trade-in, a used car dealer will happily work with you to make that happen. You can expect especially good treatment if your car is in good shape and has low mileage.

Warranties aren’t available from a used car dealership– many used cars for sale may still be under the manufacturer’s warranty, which is then passed on to you as the new owner. Also, there are also a number of different situations where you can receive a warranty from the dealership. If you are interested in an extended warranty, there are many options available based on mileage and term length.

Used car dealers do not have quality certified pre-owned cars– certified used cars generally mean that the vehicle has been serviced, detailed, test-driven and, undergone a complete inspection to assure quality and dependability. Many used car dealerships have those services perform on all the vehicles they sell. Always ask for the car history and a certification of its present condition prior to purchase.

The selection is not as good from a used car dealer– used car dealers are constantly sourcing new inventory, whether it be through trade-ins or car auctions. They are bound to have a good selection of used cars to sell. Also if you inform the car dealership of a specific make and model you are looking for, they can search for one and tell you when the desired vehicle becomes available on the lot. Used car dealers are also more open to helping you find a car that is in your price range, no matter the type.

Affordable financing is not available from a used car dealer– there are many different ways to finance your car purchase; you can get a loan from your bank, credit union, or from help offered by the dealership. If you are in need of financing, your used car dealer can help you secure a loan that works within your budget. When financing assistance is offered by a used car dealer, it is typically handled in-house with minimal fuss and wait times. And those with credit issues can often get financing through used car dealerships. You will usually get a financing decision right away and drive home in your new car on the same day.

Used car dealers employ shady business practices– your local used car dealer has been saddled with a negative reputation for decades in spite of providing excellent and ethical service. If you have had a poor experience with a used car dealer in the past, it is important to remember that they are not all alike. It is always a good idea to check with the local Chamber of Commerce and Better Business Bureau, along with local review sites, before doing business with any new company.

Fairless Motors is a family owned and operated used car dealership that has been serving customers throughout the Delaware Valley for over 25 years. If you are in the market for a “new to you” car, stop by Fairless Motors and find your next vehicle. We offer a wide selectionof late-model, low-mileage pre-owned cars for sale, all of which have been professionally inspected, services, and detailed, and come with a free CarFax history report. From sports cars to family-sized SUVs, we’ll help drive off our lot in the car or truck of your dreams, with financingthat fits within your budget.

Why You Should Buy Your Next Used Car at Fairless Motors

Why You Should Buy Your Next Used Car at Fairless Motors

If you’re looking to buy a used car, truck, or SUV in the Philadelphia metro area, we know that there are a number of dealerships you could turn to for your purchase. We’re confident that once you consider us at Fairless Motors, you won’t have to look any further. We’re proud to offer a wide selection of pre-owned vehicles and an unparalleled level of service to our customers. Here are just a few of the reasons you’ll be glad you came to us.

We’ve Been Family Owned and Operated for More Than 30 Years…

… and we’re one of the largest independent used car dealership in the region. When you come to Fairless Motors, you’ll be supporting a local business rather than a large chain. And like any local, family-owned business, we care about our community and the people who live here. You’ll find a high level of personalized service and vehicle quality at Fairless Motors that you won’t see at other dealerships. We’re committed to ensuring that when you leave our dealership with your new vehicle, you’ll not only be thrilled with your purchase – you’ll feel like you are part of the family.

We Have an Experienced Team of Salespeople, Who Don’t Work on Commission

Whether you contact us with a phone call, through our website, or stop by in person, you’ll speak with our knowledgeable salespeople. They’re ready to answer all your questions about purchasing a used car, from details about each model to the process of financing and affording your purchase. Our sales team doesn’t work on commission, so you’ll never feel pressured into make a purchase before you’re ready. Most importantly, you won’t be upsold into buying a car that costs more than you can afford. We want to make sure that all of our customers leave with the vehicle that fits their needs, lifestyle, and budget.

You Can Trust the Quality of Every Car in Our Inventory

We’re passionate about cars, and we only offer the best quality used vehicles to our customers. Every car on our lot has passed a rigorous inspection, and we fully service and professionally detail each car before they go up for sale. Every vehicle we sell comes with a full CarFax history report, so you can purchase your next vehicle with confidence. At Fairless Motors, safety and reliability are our top priorities.

Bad Credit? No Credit? No Problem

We work with everyone to help them finance their next vehicle purchase. That means that no matter what your credit situation might be – bad credit, no credit, or even bankruptcy – we’ll get you into your next car. We understand that life can get complicated and that our customers are more than just their credit score. Buying a car can be a great step to getting you back on your feet. Not only will you have reliable transportation but paying your car loan on time will help you rebuild your credit. We’re here to help make that happen!

Our finance team has more than fifty years of combined experience, and they’ll put that experience to work for you. Not only will our team help you get the financing you need, they’ll help you work out a plan so that you’ll be able to afford your monthly payments without stress.

We Offer “Buy Here, Pay Here” Financing

At Fairless Motors we have Buy Here Pay Here financing in place to help customers with the most challenged credit get into a car. You can even get pre-approved through our website before you stop in. Just answer some basic questions, and we’ll let you know what kind of monthly payments you can expect to make on your dream car. There’s no sensitive personal information needed, and it won’t affect your credit score. What could be easier?

We’ll Buy Your  Car to Help You Get into Your New One

Just fill out our Sell-Your-Car form to get a no-obligation offer on your current vehicle. We buy hundreds of used vehicles every month, and at Fairless Motors, all trade-ins are accepted. When you sell us your old car, we can write you a check on the spot, or the value of your car can help go towards your next vehicle purchase.

You’ll Be Sure to Find Your Next Vehicle Among Our Large Selection of Used Cars.

We always have a large and diverse inventory of late-model and low-mileage vehicles for you to choose from. Whether you’re looking for a truck or an SUV, an affordable Nissan or Hyundai or a luxury car like a BMW or Mercedes-Benz, you’ll be able to find the car of your dreams among our wide selection. Come by and take a look in person or start your shopping online by browsing our online inventory.

You’ll Join A Family of Customers Who Come from Near and Far

We’re proud to serve the entire Delaware Valley, spanning Philadelphia and the surrounding suburbs. Our customers also come from all over New Jersey and Delaware to buy their next car at Fairless Motors. Just take a look at some of our Reviews, where customer Matt Newman says, “I found the best price here in 4 states and traveled from Maryland to make this deal.” Whether you’re coming from near or far, it’s sure to be worth the trip! We hope that you’ll not only find the right car for you and your family at Fairless Motors, but that you’ll be back again for years to come.

Our Customers Say It Best

Referrals drive our business, and we’re proud every time a customer comes into our dealership after being referred by a friend or relative. You don’t have to take our word for it – ask someone you know who’s been to Fairless Motors about their experience.

Ten Best Ways to Establish Your Credit

Ten Best Ways to Establish Your Credit

Before you can purchase a new car, a home, or any other major item you plan on buying with credit, you need to make certain you have established a good credit record. Many people can get approved for a line of credit with bad credit, but it can actually be more difficult for those who have no credit history at all. If you don’t have any credit or very little credit, here are 10 of the best ways to establish this all-important history.

Get a Credit Card…But Make Sure to Use it Correctly

Many people assume that getting any type of credit card is all they need to do. That’s not exactly the case. First, you want to make certain that the type of credit card you get is a secured card. This may actually be the only type of credit card you can get if you don’t have any credit history. A secured credit cardrequires you to make a cash deposit up front. This is done because you have no history of credit for the card issuer to examine. They don’t know if you’re going to pay on time or not, so they’re taking a risk on you.

After you’ve used this card for a while and have established a credit history, you can close the credit account and get your deposit back. Then you can apply for unsecured credit cards that don’t require a deposit.

Get a Store Credit Card

If you don’t have the money to make a deposit for a secured credit card, you may still be able to get a credit card from a store such as Best Buy, Walmart, or Target. These credit cards aren’t weighed as heavily as unsecured cards are, but they can be used to show that you can make monthly payments on a line of credit. Just remember that you only need one or two of these cards at most. Otherwise, you may find yourself with multiple monthly bills to pay.

Loans Can Help

Loans such as car loans will help you establish credit. The downside here is that you often can’t get an auto loan without having credit. Fortunately, you can get a co-signer who has established credit to help you. For most young drivers, that co-signer is one of their parents. Having a co-signer is a great way to start building credit without having any history of borrowing, but you do have to be careful. If you don’t make the payments, your co-signer becomes responsible for them.

Note that student loans can help build your credit history, but they don’t actually appear on your credit until you’ve started paying them back. For most, that isn’t required until you’ve been out of college for six months.

Have a Co-Signer for a Credit Card

You can also get an unsecured credit cardby having someone co-sign for it. Again, the co-signer will need to have good credit and must be willing to take over the monthly payments if you cannot make them.

Get a Credit Builder Loan

ACredit Builder Loanis designed to help build credit. Generally, the loan amount is fairly small, and you don’t actually get the money up front. Instead, the money is placed in an inaccessible account until you’ve completely paid off the loan. In a way, it’s like a savings account that you haven’t earned yet. Once you’ve paid it back, you can take the money out of the account and use it in any way you want.

Make Your Payments on Time

Even if you don’t have a line of credit, you can build up your payment history by making all of your rent, utility, and other payments on time. While these payments may not positively impact your credit history, missing too many payments can negatively impact your history. This is especially true if your unpaid bills are sent to a collection agency.

Hold Down a Steady Job

Most credit applications are going to ask you for your employment information. If you can show that you’ve been at the same job for a year or more, it shows that you have a stable income. If your employment history includes large gaps or shows that you change jobs frequently, it can make some lenders hesitant to approve your application. That shows that you may be jobless again soon, making it difficult or impossible for you to make your monthly payment.

Don’t Go Crazy with a Credit Card

If you get a secured credit card or have a co-signer help you get an unsecured card, don’t immediately charge up large balances. Instead, do your best to keep your balance to no more than 30 percent of the limit. This keeps your credit utilization low, which helps improve your credit score. If you’re constantly spending up to your limit or even going over your limit, it’s a warning sign to lenders that you don’t manage your credit well.

Keep Your Accounts Open for As Long as You Can

This length of time you’ve had a line of credit, specifically a credit card, will also help establish and build up your credit. Loans have a finite period in which they will be paid back, so you will obviously not be able to leave those lines of credit open past their agreed-upon time period. With credit cards, however, the account is open until either you or the card issuer closes the account.

If your credit card has an annual fee, you may not want to keep that account open. However, for a card that doesn’t have a fee, it’s a good idea to keep the account open even if you’re not using it. Do be aware, though, that some lenders do close accounts that haven’t been active for a year or longer. It may be a good idea to periodically use the card for small purchases.

Don’t Open Many Lines of Credit at Once

When deciding how to build your credit, pick only one option. Opening several retail credit cards, a secured card, and a credit building loan all at once can be damaging, especially if you charge up multiple high balances. Also note that if you open a new line of credit several years later, it will impact your average account age. That can also have a negative impact on your credit.

These ten ways will help you establish and build your credit. Again, you don’t need to make use of all of these methods – a loan, retailer credit cards, and secured credit cards or unsecured cards with a co-signer can all help you establish credit, but not if you take out one of each.

With Fairless Motors Bad Credit Auto Loans, customers with bad or no credit history will get a complete package in one place. Our professional staff members will set you up with affordable financingand help you find the prefect pre-owned vehicle from our extensive inventoryof late model cars, trucks, and SUV’s. Whether you need it for work, for family days out, or just everyday chores, Fairless Motors is passionate about getting you on the road in the right vehicle at the right price. Fairless Motors never turns a customer away because of a low credit score. Trust our family-run relationship to get you the financing and the vehicle you need, no matter what your credit history says.

HOW CAN A CAR LOAN HELP REBUILD MY CREDIT?

HOW CAN A CAR LOAN HELP REBUILD MY CREDIT?

Having a decent credit score creates more financial opportunities for you. However, even though everyone knows having good credit is important,less than half of parents are explaining the specifics of managing creditto their kids. It’s also important to know that a low credit score doesn’t mean you can’t improve your financial standing. Financing your next vehicle can be the first step to strengthening your finances in the long run.

Having a low credit score or a challenged credit history no longer limits you from being approved for a car loan. However, you typically have fewer options and sometimes have to take on a loan with a higher interest rate than you may be expecting. But, keep in mind that getting this loan can be your first step to getting your financial independence back. Having an auto loan can improve your status as a borrower and help you regain confidence with your finances, especially following devastating events such as a difficult divorce, declaring bankruptcy, or going through car repossession. Here are four ways a car loan can help you rebuild your credit and develop better debt management habits.

Installment vs. Revolving Credit

The first aspect of auto financing is understanding what type of credit line you are managing with an auto loan. Installment credit is a loan you pay back with monthly payments that stay the same through the duration of the loan. The payment increments and amounts are determined at the beginning of the loan, and do not fluctuate as you’re paying it off. Revolving credit, on the other hand, has a cap on the amount you can borrow, but the borrower can elect to borrow certain amounts of that limit and pay it back at different times. Revolving credit plans, such as what comes with having a credit card, usually have a minimum payment you need to meet each month, and it is best practice to have your debt-to-credit ratiostay below 30 percent. As you can probably guess, an auto loan is an installment debt.

Knowing the difference between these two types is essential to understanding how installment debt affects your credit score differently than revolving credit. Overall, revolving credit, particularly credit cards, significantly affect your credit score, as many consumers fall into the trap of maxing out their credit lines and not paying it back. Since an installment debt has a fixed amount borrowed, the credit bureaus can’t scrutinize your use the way they can with your revolving credit debts.

Timely Payments Show Results

When you are approved for an auto loan, the fastest way to make sure you are in good standing with the lender and see your credit score improve, or at least, not dip lower in the short term, is making timely payments. Instead of making the minimum payment the day it’s due, pay early and add a little extra.

Choose Consistency Over Trying to Pay the Loan Off More Quickly

In 2017, the average American household had more$130k in debtfrom various sources. For auto loans alone, that amount is just under $30k. Looking at these numbers, it can be scary to think that you’re carrying this debt long-term. It may seem like the obvious solution is to just pay the loan off faster, but this can actually have an unexpected negative impact.

If you’re dedicating a lot of your expendable income to paying off your auto loan faster, you may be neglecting other debts or just paying the minimum balance on those. Not giving your other debts the same amount of consideration can land you in hot water in other ways. In addition, putting more towards your auto loan and less in savings means that you are more likely to turn to credit cards in case of an emergency. Lastly, both credit bureaus and lenders like to see an extended history of timely payments. So go ahead and make sure you feel comfortable with the loan term and making your payments on time for the duration, especially if this is your first loan.

Refinance to Qualify for An Even Better Loan

Once you establish yourself as a reliable borrower and have at least a year or two of making timely payments on your auto loan, it’s time to consider refinancing. The process of refinancing or applying for a new loan to cover your old loan while still using the vehicle as collateral, can help you reduce your interest rate, thanks to your increased credit score, and permit you to shorten or extend the loan term.

At the beginning, be prepared to see your credit score dip a few points, as lenders need to make hard inquiries when reviewing your refinancing application. If you submit your applications within the same few weeks, most credit reports will accept that as one hard inquiry, so make sure you rapid-fire your applications once you make the decision to refinance.

Ideally, you want to refinance with two goals: lower your interest rate and shorten the loan term. Reducing the loan term will increase your monthly payments, so make sure you plan for that ahead of time. Your old loan will close, and your new loan will take over. In addition, the new loan will show up as an additional account on your credit report, and that’s a good thing.

Sometimes, it can seem like it’s significantly easier to hurt your credit rather than help it. But over time, your auto loan will help you increase your credit score and improve your personal finances. In addition to getting the car that will take you where you need to go, treat your auto loan as the first step to building a better financial future for yourself. As long as you are responsible with your payments and knowing what else you need to improve on, taking out a responsible auto loan is the perfect way to jumpstart the process of steadily increasing your credit score.

At Fairless Motors, our finance departmenthas over 50 years of combined expertise to help all of our customers get loan approvals for their dream cars, regardless of their credit history. A team member will sit down with you in a relaxed, transparent way and discuss your options in detail. We’ll work out what you can afford, what your needs are, and what vehicle matches those criteria. We’ll help you get the right combination of vehicle from our extensive inventory, and a financing planthat fits your budget.

 

 

Why You Should Always Get A Full History Report Before Buying A Used Car

Why You Should Always Get A Full History Report Before Buying A Used Car

The average age of a car on the road in the United States is 11.5 years. Although owning a vehicle can take up a decent chunk of your income, there are many ways to save and find a great quality vehicle. Modern vehicles are built to last, so there is little to no risk in buying a used car and being able to rely on it long-term. Newer models may be flashy, but that doesn’t mean they are necessarily better.

Most used car dealerships will give you an accurate history of the car you are interested in; however, everyone should know how to shop smart. Not all vehicle damage or faults are visible for you to notice while inspecting or even test driving the vehicle. From faulty parts to surviving a flood, it’s important to be able to take a look at the car’s hidden history before committing to the purchase. Look for dealerships that provide a car history report, such as CarFax, as a part of their service. The reports are compiled from a variety of sources, such as insurance claims, police reports, and state inspection states. Here are five key questions a car history report can answer.

Was the Car Damaged by Flood or Fire? 

Wildfires, storms, extreme heat, and floods caused more than $300 billion in damagein 2017. Natural disasters might seem unlikely to some, but these events are expected for others. Both personal and commercial vehicles inevitably suffer some of the damage in a natural disaster, or smaller scale incidents such as a house fire that spreads. Either way, it’s important to know if a vehicle on a used car lot has been damaged by one of those events, and if that can lead to long-term problems.

In particular, many flood damaged vehicles reached the market late last year. The federal government, along with market experts, advised buyers to be more cautious while searching for used vehicles, after several hurricanes put damaged vehicles on the market. While you’re taking a first thorough look at the car, keep an eye out for signs of mold or mildew on the interiors, and corrosion near the fuse box and tail lights. (The corrosion will appear as a green or white powder). Since a flood damaged car is rotting from the inside out, it’s unlikely that the car’s condition will improve, even with regular maintenance. The Federal Trade commission has a full list of warning signsand where to report owners or dealers knowingly selling flood damaged vehicles

How Many Accidents Has the Car Been In?

Knowing the vehicle’s accident or collision history is an essential part of figuring out if this is the right car for you, and probably the most important part of the car history report. But does that mean you should immediately lose interest in any car that has been in an accident? Not necessarily.

In the history report, look for damage details, and whether the vehicle was towed or driven away from the scene. If it was towed, that means the car was more seriously damaged from the accident. If it was driven away, the vehicle likely received a few dents or scratches, but not serious damage that impacted the inner workings of the vehicle. However, keep in mind that reporting can sometimes be skewed by the other vehicles involved. For example, if a crash involved three cars and two sustained serious damage, the remaining car may also have been reported as being seriously damaged even if the driver could simply drive away from the scene.

When you take the vehicle to a mechanic, have them check for a paint work, ill-fitting panels, and other signs that the vehicle was potentially damaged and then poorly repaired. Accident history is extremely helpful, but an expert examination of the car will tell you more, and how to take care of the vehicle in the future.

How Many People Owned the Car Previously?

Ideally, a used vehicle should only have a handful of previous owners. People purchase and sell cars for various reasons, and a car in decent shape that’s been bought and sold a few times is normal. Look for whether the vehicle was previously owned by private owners, or if it was a commercial vehicle or part of a rental fleet. A history of private individual owners is more ideal. However, if the car is five years old and has had 10 owners already, that may be a sign that the car itself isn’t that great. But overall, a car’s mileage reflects more wear and tear than whether the vehicle has been bought and sold a few more times than you may anticipate.

What About Maintenance Records?

As much as you may like your mechanic, you don’t want to bring your recently purchased car to them several times in the first few months.

A car that has been well maintained for most of its life thus far is significantly more valuable than a vehicle with a spotty inspection and repair history. As the potential new owner, you want to avoid purchasing the vehicle and immediately having problems with it. You should also double check for safety recallsoutside of the history report.

If the Vehicle Has A Clean History Report, Can I Skip Taking It to The Mechanic?

Although it may be tempting to jump for joy if the vehicle has a clean history, you still need to get it inspected. Keep in mind that the history report is based on incidents being reported to insurance companies, law enforcement, or other agencies, so there is a record. If incidents like a theft or an accident aren’t reported, the vehicle is still at risk for not performing as expected, or even being defective enough to cause an accident.

If you’re shopping independently or a dealership doesn’t offer a car history report as a part of their services, you can pay a small fee to look it up yourself. You just need the Vehicle Identification Number (VIN), which is usually located on the dashboard of the driver’s side. Overall, make sure you get a full history report before buying your next used car.

At Fairless Motors, every vehicle we sell not only comes with a free CarFax Report, but also has undergone a complete inspection and professional detailing. All our vehicles are serviced and test-driven to ensure our customers feel 100 percent confident in their new pre-owned vehicle. Check out our extensive inventoryof quality cars, trucks, SUV’s and Minivans.

 

7 Tips for Finding the Best Used Car Deal in Town

7 Tips for Finding the Best Used Car Deal in Town

Starting the search for your used car is both exciting and discouraging. It seems like there are infinite options for both cars and dealerships. How do you narrow down where to start searching? Knowing where and how to find the best deal is going to give you a head start on productive searching. Overall, you want your search to lead you to the perfect vehicle at the right price. Here are our expert tips on finding the best deals on used cars in your area.

Start Your Search in Specialized Car Search Apps

Sometimes, you don’t know how to narrow down your search until you see that something is in fact searchable. Utilizing an app for your smart phone can help narrow down finding a used car by everything from your height to the car’s mileage. Searching via this method tends to be more convenient for most people, instead of limiting your search options to a computer. In addition, although most used car dealerships have updated online inventories, starting with a broader search to narrow down by the specifics will give you a head start in your search. And there are many appsavailable to do that.

Judge the Car A Little Less by Its Exterior

Minor cosmetic damage can dramatically lower a used car’s price, even if the most important parts, such as the engine and brakes, are in mint condition. A fading paint job or a few dents paired with a suspiciously low price tag might make you think the car is in bad shape otherwise, but this is not always the case. Test drive and talk to someone at the dealership about how it runs. If you don’t mind saving money now to fix up the cosmetic damage a little later, this can work in your favor when it comes to saving on a vehicle that just needs a little extra love on the outside. In addition, you might be able to negotiate an event better bargain when you express interest in a car that may not look perfect but runs like a dream.

Look for Bargains That Don’t Sacrifice on Quality

If your budget is tight and you’re looking for a vehicle that will last a long time, the experts adviselooking at some of the top vehicles for reliability such as Honda and Toyota, but these cars can also have higher prices because of this. To get similar durability but save a little bit on the price tag, look at Nissan, Mazda, or Mitsubishi. In addition, used cars from one of the American automakers also have high durability ratings, and they also tend to sell for less than the imported models. Experts advise avoiding European cars if you’re looking for a price-conscious vehicle, as the parts and repairs tend to cost more than other comparable models.

Time Is Money: Know What Used Car You’re Looking For

In 2016, more than 40 million used carswere bought and sold in the United States. In such a large and varied market, having so many options can end up impacting your ability to make decisions. You might wind up making a purchase that doesn’t meet your needs or think that you won’t find the actual car you’re looking for. Being overwhelmed with options can make the search more time-consuming than it needs to be and may end in frustration instead of going to test drive a vehicle. Make a short list of cars that would fit your needs. For example, say you want a full-size sedan that is less than 10 years old and has no more than 100,000 miles. This is a good start to narrowing your search and being able to compare prices among similar models.

Narrow Down Your Search by Using CPO Finders

If you’re shopping for a Certified Pre-Owned vehicle and know the automaker you want, go to the automaker’s website and find their page for CPO vehicles. You can enter the model you’re searching for, and a list of dealers offering that model specifically will come up. From there, you can just click the button to contact each dealer, and shop around for the car you want without hours of searching.

Long-Term Investment vs. Short-Term Solution

At Fairless Motors, we won’t judge you by your car preference or your budget. We know our customers sometimes need a car that can be purchased for a very low price and only drive for a few months while you are job searching, getting ready to graduate from college, or you just moved to the Philadelphia area and need to get around. There are needs for a cheaper vehicle that doesn’t need to run forever, but we also encourage our buyers to think bigger and more long-term. Our inventoryranges from slightly older cars with higher mileage to newer, lower-mileage vehicles that can be a better long-term choice.

How to Consider A Deal on A Deadline

It’s understandable to feel alarmed when a dealership is trying to get you to purchase a car that may not be exactly what you’re looking for. Your reaction might be, “Wow, what’s wrong with it? Why do they want me to take this and not anyone else?” That reaction is reasonable. Some dealerships will try to steer you to a vehicle that they’ve had difficulty selling, so they offer it at a lower price. They are simply trying to offer you a bargain to make more room on their lot for other cars that they have coming in. They might give you a day or two to think about it, and this is when you should do your research to see if this deal is in your favor. Use an appraisal toolto figure out the vehicle’s market value, ask more questions about the vehicle’s condition and history, and you might drive off the lot with a great deal.

Now that you know tips on finding the best deal, read our post on the things you should know before buying a used car.

Fairless Motors has been the area’s best family owned dealership for quality pre-owned carsfor almost 30 years. Shopping for a quality used car at a fair price is stress-free when you shop with experienced team members. Our trained commission-free sales specialists take the pressure out of your buying experience. Our finance department has 50+ years of combined expertise to help customers with any credit history get approved. Our experienced team will help you to get behind the wheel of your dream car with affordable financing, regardless of your credit situation.

 

 

10 Things You Should Know Before Buying a Used Car

10 Things You Should Know Before Buying a Used Car

We at Fairless Motors strongly believe that buying a pre-owned vehicle instead of a new one is the right choice for so many Americans. You have a huge variety of options and can find significantly more budget friendly vehicles, especially when you go through a used car dealership that offers a large range of used cars. But there is a lot to consider before starting the process, which is why we put together the following 10 things you should know before buying your used car or truck.

Establish A Budget Range, Not Just A Set Amount

Before you get too set on your dream car that may be out of your price range, determine what your budget is. Make a full budget spreadsheet to keep track of your income vs. expenses if you don’t have one already. List all your income and known expenses like your rent/mortgage, average utilities, loans, credit card payments, and estimate anything else that you pay regularly, such as food, clothing, entertainment, etc. If you already have an affordable car payment, use that as a baseline for your new vehicle’s budget.

Once you determine what monthly payment makes sense for your budget, write down a range. The low price should be 10 to 20 percent less of what that number is, and the higher price should be 10 to 20 percent above. Starting your shopping with a feasible range gives you more options to buy. If you find a car that you love and is cheaper, that’s great. But knowing exactly how much more you can spend, car eliminate the hassle later, or keep you from making an impulse buy that isn’t really within your budget.

Start the Process with A Brand or Model in Mind

There are many reasons why one auto company can stand out to you. Prices make some people value a few brands, as they know they have affordable options. An individual’s brand loyalty or the influence of friends and family can be an effective way of forming a relationship with an automaker. Or, you can decide that you just like one or two manufacturers more than the rest, and that’s okay. Narrowing down a brand or model will help you narrow your search and be less overwhelmed by options. Consider factors like the car’s use, driving distance per week, the mileage and the price of gas in your area, and maybe even your typical parking situations.

Used Car Terms: CPO and Second-Tier Vehicles

There is significantly more risk involved with buying from an individual seller rather than going through a dealership. Used cars can be identified two ways. Certified Pre-Owned, or CPO, vehicles go through a checklist of inspections, repairs, and normally have established warranties. Second-Tier vehicles refer to cars that may be the affordable solution to a higher priced model. For example, Honda Accord to the Nissan Altima. Both perform similarly, but one will consistently have a lower price tag.

How to Make Depreciation Work In Your Favor

Depreciation, as it applies to new cars, explains the fall in value of a new car after it is driven off the lot. Cars with depreciated value, such as a car that’s just a couple of years old, will sell for significantly less on a used car lot. Searching for a model similar to the brand-new car you idolize, such as the model from two years ago, will help you make educated and smart purchases.

Can You Trade in Your Current Vehicle?

Trading in your current vehicle is a great way to immediately lower the price on the car you want to drive home. Fairless Motors will trade in your used car for your new vehicle. Visit our appraisal page to get an initial quote on how much you can save on your new car by trading in your current car.

Browse the Used Car Inventory Before You Visit A Dealership

In today’s market, a respectable dealership will have a reliable website and maintain an updated inventory. Being able to review inventory before going to see cars on a lot will not only show you what’s in stock, but their advertised prices as well.

Verify Prices and Availability Before Going to See the Car

Calling a dealership to confirm the online price and that the car is still available is a great way to make sure the dealership’s inventory and prices are accurate and up to date. At Fairless Motors, we update ours daily to make sure you can see our current selections, of low mileage, late model vehicles online.

Make Sure You Ask for All Specs and History

You can see a lot of specs on an online inventory or on a flyer your salesperson will give you. But what about repairs, accidents, and title history? Find the car’s Vehicle Identification Number (VIN) and run that through CarFax. If the VIN isn’t on the car’s listing, you can often find it on the driver-side door, left side of the dashboard, or the steering wheel. The VIN is 17 characters long and is usually made up of both numbers and capital letters. All Fairless Motors, all vehicles have undergone a complete inspection, been professionally detailed, and come with a free CarFax History Report.

See How Buying Used Will Affect Your Insurance

There’s nothing like the disappointment of getting ready to purchase your dream car, checking your insurance, and then finding out purchasing that exact car will send your insurance premium through the roof. Call your insurance provider or use any online tool they have to see how your new purchase will affect your premium. Generally, older cars have cheaper premiums, but automaker, model, and the vehicle’s history are the factors that affect your premium the most. Things like safety features, price of replacement parts, the model’s rate of theft or break-ins, or even the name of the model having words like “turbo” can raise insurance premiums. Although the car itself may be within your budget, double check that the insurance coverage is also within your budget.

You Can Finance A Used Car with Low Credit

A bad credit score can leave people feeling helpless or like they won’t ever be able to afford a car that would otherwise fit in their budget. At Fairless Motors, our specialized auto financing team can help you find affordable loan options regardless of your credit history. Our goal is to see you walk away happy and confident with your new vehicle purchase.

Your Used Car Buying Checklist

After reading this, don’t be overwhelmed. Here’s a quick checklist of things to know or have while searching for your perfect used car:

  • Your budget range
  • Your insurance payment range
  • An idea of the car you want and what you need it to do or have
  • Check your dealership’s online inventory
  • Do a credit check with the dealership for financing options
  • Verify the car’s price and availability
  • Verify the car’s history
  • See how the car affects your insurance premium
  • Go see the car and test drive it!