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What is the process for buying a used car from you

What is the process for buying a used car from your dealership?

The process of buying a used car might look scary, but in reality, it is pretty easy. If you know the process and what to look for, you can find a car that will last you for years to come.

From choosing a vehicle to a successful purchase, buying a used car should be an exciting experience. When you know how the process works and what to expect, you can avoid potential pitfalls and make the best possible decisions. 

Let us guide you through the process of purchasing a used car, whether you're dealing with used car dealers in general or particularly those in Houston.

Step 1: Find the Right Car

The first step is to find the right car for you. This means considering your needs and budget. Ask yourself these questions before considering the purchase:

  • What kind of car do you need?

  • How many seats do you need? 

  • How much cargo space do you need?

  • How much can you afford to spend?

Once you understand where you're standing, start searching. We have a wide variety of used cars to choose from, so you're sure to find the perfect one for you.

Next is visiting the dealership. After you know which car it is, visit the dealership. Before you make the trip, call ahead and confirm whether the vehicle is still available. Also, ask about the price and if any additional fees are applied. Besides, don't forget to check the car's condition and history.

Step 2: Get Pre-Approved for Financing

Before you start buying, it's a good idea to get pre-approved for financing. This is going to give you a picture of how much you can afford to spend, making the buying process simpler.

You can get pre-approved through your bank or credit union, or you can work with one of our financing partners.

Step 3: Test Drive the Car

Once you've found a car that you're interested in, it's time to take it for a test drive. This is your chance to see how the car drives and to make sure that it's a good fit for you.

During the test drive, pay attention to the car's handling, acceleration, and braking. Also, make sure that the car is comfortable and that you have enough space for your needs.

This is where you get to check whether the car's condition is perfect or not. During your visit, take the time to inspect the car thoroughly. Check for any signs of wear and tear or damage. Look under the hood, check the tires, and inspect the interior. Most importantly, check all areas of the car:

  • Interior

  • Exterior

  • Framing

  • Engine

  • Tires

  • Mileage 

Step 4: Negotiate the Price

The next step is to negotiate the car's price. This is where your research will come in handy. You should have a fair understanding of what a fair price is for the car, so you can negotiate from a position of strength.

Step 5: Finance the Car

If you don't have the cash to buy the car outright, you'll need to finance it. This is where Car loans in Houston are a huge help. Based on your situation, you may need a loan for purchasing the car. You can access banks, credit unions, and online lenders for your car loan.

To get the best terms, have a look at your credit score before you start buying. The better the credit, the more likely you're to qualify for lower-rate interest. We can also help you with the paperwork, so the financing process is as smooth as possible. Also remember to consider the total cost of the loan, not just the monthly payment. A lower monthly payment might seem attractive at first, but if it's spread over a very long period, you could end up paying more.

Step 6: Finalizing the Purchase

After securing financing, you are ready to finalize the purchase. Review the terms of the sale very strategically. This includes the final price, any fees, the warranty information, and the return policy. Make sure to read all the fine print before signing anything. 

Once you know the terms fit well with you, it's time to buy used cars Houston residents trust. You'll finalize your financing, sign all the necessary paperwork, and then the vehicle is yours.

Step 7: Take Delivery of the Car

Once you've reached an agreement on the price and financing, it's time to take delivery of the car. We'll handle all of the paperwork, so you can just relax and enjoy your new car.

Additional Tips

  • Do your research:  Before you start shopping, do some research on the different types of used cars available.

  • Inspect the car: Once you've found a car that you're interested in, take some time to inspect it carefully. And no, it's not limited to the way the car looks, but also its history and paperwork.

  • Get a vehicle history report: A vehicle history report can tell you about the car's past, including any accidents or damage that it's been in. This can protect you from buying a car with a hidden problem.

  • Don't be afraid to negotiate: The sticker price is just a starting point. Cross-reference the starting price of the used car with the original price. Don't be afraid to negotiate with the seller to get a better price.

Bottom Line

Buying a used car has a very simple procedure. You have the freedom to choose from a variety of cars and our team is going to help you find the right match.

We also offer financing options, so you can get the car you want without having to pay cash.

If you're ready to start your search for a used car, contact us today. We'll be happy to help you find the perfect car!

5 Things to Think About Before Buying a Used Car

Quality used cars and in house financing for buyers with bad credit. 

The popularity of used cars has never been greater. In fact, America’s used marketplace is now worth over $160b, showing a healthy growth of 4.7% over last year. Before looking for used cars for sale near me, I have found that it’s imperative that I start the search armed with good advice. 

When looking for used cars for sale in Houston Texas, use the following checklist for guidance and you can’t go wrong.

#1. What do you want from a used car?

When searching for cars for sale in Houston, it is vital that the vehicle delivers practical and reliable transportation at a price you can afford. Otherwise, you will inevitably need to make another costly replacement or upgrade far sooner than you planned for.

While some drivers will benefit from a compact city car, large families may require a 7-seater. Alternatively, you may desire an SUV to handle off-road terrain or a work truck to serve as your business vehicle.

No two drivers are the same, which is why your vehicle must be aligned to your personal needs. Think about this carefully as it will narrow your search for your next used car purchase.

#2. What is the best place to find used cars for sale in Houston?

Making a list of suitable models is the first step to success. However, it is even more important to consider where you buy your used car. In most cases, you will have a wide range of private sellers and used car dealers to choose from. So how do you narrow down your options?

Private sales may seem like a good idea at first, especially if you can negotiate a reduced price. However, you won’t be covered by the FTC used car rule like you would when buying from a reputable used car dealer in Houston. Also any good car dealer has a track record and customer reviews that you can reference. This allows you to see what others' experiences have been when buying a used car from this dealer. Finally, you will be able to create a great relationship with your local used car dealer that you can leverage when it is time to trade-in or upgrade your used car.   

Choosing a reputable dealership like Mi Amigo Motors enables you to gain a lifetime of expert assistance through your partnership with us. You will feel very comfortable referring friends and family to buy their used cars here. Just take a look at our Google reviews.

Additionally, If you need financing and have been denied because of bad credit, Mi Amigo Motors can help get you financed when other dealers can not.  Contact us today to see what we can do for you. 

#3. How much will the car cost you in total?

Let’s face it; saving money is one of the top incentives for buying a used car over a new one. Therefore, it’s imperative that you look beyond the price tag and consider the additional operational costs. 

Needless to say, the number one factor is reliability. If you have to pay for costly repairs soon after you purchase a used car you are not saving money. Choose your used car dealer carefully. They will help you find a great reliable car and be there if there are issues. Car insurance, maintenance, and rising fuel costs are just three of the standard ongoing expenses that need to be considered. Make sure your budget takes into account all of these items. 

Used cars remain a significant purchase, which is why researching your car financing options will be vital too. Interest rates, down payments and maintenance plans are very complicated. Be sure you have full trust in your dealer and can feel comfortable asking questions. A good used car dealer is open to addressing any concern you may have until you are confident with your purchase. If they are not, you should find another dealer.   

When you do your research, and feel like your used car dealer is on your team, you can purchase your used car in Houston, TX, with far greater confidence.

#4. What condition is the used car in?

Most used car buyers opt for a vehicle that is 3-5 years old, although the market for younger vehicles has grown thanks to people trading in their leased models. In theory, newer models should encounter fewer issues but this is not always the case. It really depends on how the previous owner treated the vehicle. Buying from someone on the internet has significant risks not only to your safety but the reliability of the car you are buying. 

Nevertheless, it’s imperative that you inspect the vehicle before completing your purchase. You should closely inspect the bodywork, tires, windshield, trunk, interior, and other key features. A great tip is to request the CARFAX for the vehicle. This report has a wealth of information for you to review. Of course, taking a test drive should be on the agenda as well. 

A good used car dealer will have done a comprehensive inspection before they bought the car to be sure they are selling a reliable vehicle. A private seller is just trying to unload whatever they have to whomever they can for the most amount of money possible.

Reputable used car dealers will be happy for you to have a mechanic look at the vehicle as well. If they don’t, the alarm bells should ring.

#5. Documentation

When buying a used car, a deep understanding of the vehicle’s history is vital. Therefore, it’s important that you ask for the right documentation, starting with a log book of previous owners. If the car only has one previous owner, that’s a good sign. 

You will also need to know that the mileage is accurate and low. Proof of annual servicing throughout the duration of ownership is another feature that can serve you well. If nothing else, it will give you peace of mind. Again, the CARFAX report will give you this information

Take the first step to finding your dream used car by scheduling an appointment at Mi Amigo Motors today. Finding the perfect vehicle starts here.

How Can I get a car Loan with a 500 credit score

How can I get a Car Loan with a 500 credit score?

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Need to buy a better vehicle but have a low credit score? Discover your finance agreements and gain pre-qualified status with Mi Amigo Motors today.

Contact Mi Amigo Motors to ask about auto financing with low credit scores 

Outside of a property, buying a car is one of the biggest purchases that anybody ever makes, which is why it’s likely that you’ll buy yours with an automotive financing company. However, getting a car with bad credit can feel like a daunting task.

The harsh reality is that low credit score car loans can be difficult to find. Fortunately, there are options for finding the best car loan for bad credit. A little bit of research and a call to Mi Amigo Motors will get you into the perfect vehicle easier than you think.

Boost your credit score

One way to improve your chances of getting approved anywhere is to of course, boosting your credit. If you want to buy your vehicle in the next few days, there isn’t enough time to boost your credit score, but if you plan on getting a car loan later in the year, time is still on your side. Access your free annual credit score and make the necessary changes to rebuild it. If you see erroneous information on your report you can contest it and possibly get it removed. Even if you boost it by 50 points, it could strengthen your position with a lender. The benefits will extend to other forms of lending that you may seek over the coming years as well.

How do I find financing for used cars for sale near me?

Finance agreements aren’t restricted to new cars. Opting for a used model will bring the cost of the car down, which will boost your chances of getting a car with bad credit. Here at Mi Amigo, we boast an extensive range of used vehicles for all driving preferences. Every driver deserves a practical car that they’ll love driving. Contact Mi Amigo Motors and inquire about our special offer for buyers with troubled credit.

Save for your down payment

Your down payment amount can make a big difference when looking at low credit score car loans for two main reasons. Firstly, it means that you will be asking for a smaller loan. Secondly, the loan-to-value (LTV) rate will be lower, which also increases the probability of acceptance. Whether you’re trading in an old vehicle or paying an extra $1,000 in cash, the increased down payment will serve you well.

Know what you can afford

When applying for a low credit score car finance agreement, the lender will want to compare the monthly payments against your current financial situation. So, calculating what you can afford to pay will enable you to apply for a car loan without stepping into financial hardship. Along with the vehicle cost and monthly payments, you should consider the insurance, maintenance, and other costs. After all, there’s little point in getting a car you cannot afford in the long run.

Seek pre-approval

Applying for a car loan when you know your credit rating is low can be stressful. Therefore, opting for pre-qualification is a great way to get an idea of what you already qualify for. This means that you and your car dealer will know what price range to look for as you shop for your next used car.  It covers both the maximum amount of the loan as well as the monthly terms so that you know what you are looking at before you purchase a used car.

Once you have this figure in mind, you can shop freely to find a car that suits your budget.

If you want to learn more about getting a car with bad credit, get in touch with the Mi Amigo team today. Schedule a free one-on-one consultation to see how we can help you get into a great used car today!

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