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When is it time to Get Rid of Your Old Car?

  • December 8, 2015

We all have an unexplainable attachment to our cars, especially if it is our first car. I’m guilty of this myself. I pushed my 96’ Honda Civic until it wouldn’t push anymore. 237K miles to be exact.

But when is it time to upgrade?

Your biggest concern should always be safety. Many vehicles have recalls that were never fixed, or simply were not made to the exemplary safety standards that we have today. If every time you get behind the wheel you are putting yourself and others at risk, then it might be time for a new car.

How much money are you throwing away to your mechanic? As car’s get older they require more maintenance. They need better oil, things start going out and it can end up costing you thousands. If problems go undiagnosed you could end up stranded on the side of the road. All cars break down, but if it’s one thing after the other, then it might be time for a new car.

How is your car holding up? Are the interior and exterior starting to show the wear and tear that comes with age? Are people starting to stare as you drive by? Do you have different color panels and rust? Are bungee cords holding your trunk closed? Are there rips in your seats? With age, our cars start to lose the initial comfort that they once had. If you spend a lot of time in your vehicle, this can be very important. If your car is starting to look like your elder, then it might be time for a new car. At Xcite Motors we have excellent trade in rates and will help with the transition in to a different vehicle. You will most likely end up saving money in the long run as you are no longer throwing money at a vehicle that only has so much time left.

We offer exemplary financing options and are happy to help get you the best rates possible. Say goodbye to the hunk of junk that you have been holding on to and be proud of the vehicle you drive.


What You need to Know as a First Time Buyer

  • December 8, 2015

Are you a first time buyer? Afraid that you are going to get jerked around by the typical car salesman? Your best bet to combat that fear is to know what you are doing and how to get the best loan for your particular situation.

Most first time buyers have yet to even establish any credit history, while some have built up credit with credit cards and other purchase. Although, when it comes to an auto loan, lenders usually consider this “baby credit”. So how can you get the best rate possible and what do you need to know?

First thing you need to know is what you should typically spend on a first time buyer car. We all want the $50,000 sports car, but the hard truth is that the sports car is not ideal. You should think about your car purchase; some dealers will take advantage of the first time buyer by selling them extras or adding additional fees. Keep your first purchase simple, typically around $8,000 or less is an idealistic amount to spend. You want to make sure that you can without a doubt afford both your car payment and your insurance. If you get in over your head, you will hurt your credit score instead of help it.

So you have it handled, you can afford both your insurance and your car payment…but wait. What happens if there is some kind of mechanical failure with your vehicle. The average repair cost on a new transmission can be up to $4,000! Have you set aside extra income for such emergencies? You don’t want to be making a monthly payment on a vehicle that you cannot even drive.

Before you sign the paperwork, make sure that you like the car. I know what you’re thinking. Why would I sign if I didn’t like it? It happens more than you think. First time buyers tend to get very excited and purchase the first vehicle they see, take your time and make sure that you are buying from a reputable dealer and that you can see yourself driving the vehicle for years to come. Stay positive and don’t be persuaded or hurried. If it’s not the car you want, walk away.

Lastly, avoid dealerships ‘In House Financing” as they will hit you with rates as high as 30%. Instead, get finance through a credit union that offers first time buyer programs. Certain vehicles will get you better rates than others. Safety, mileage, year, etc will all effect the interest rate that you will be charged on your auto loan. The great news? Here at Xcite Motors we have many established credit unions that have amazing first time buyer programs and we are more than happy to walk you through every step. We will take the pressure out of the equation and help you do what is best for you.