Is Fall or Winter the Best Time to Buy a Pre-Owned Vehicle?

If you are looking for an SUV but you’re working with a strict budget, leasing is a good option. Another way to cut costs is by going with a used car, but is it possible to get a used car lease? Moran Certified Pre-Owned explains your options. Leasing a Used Vehicle One of the best aspects of leasing is that it gives you a lot of variety. It allows you to drive one model for a while, and once the lease is up, you can turn it in and then start leasing something different. Though there are a few brands that offer certified pre-owned vehicle leasing, it’s more likely that you won’t be able to lease a used car. There is another option, though: financing. This has many benefits, including: No Restrictions When you lease a car, you don’t own it. This means that you’re restricted in the ways you can customize the vehicle. You will also need to adhere to a yearly mileage limit. With financing, you won’t have to worry about any of that. It’s your car, so you can do with it what you like. Building Equity Another advantage of buying is that you immediately own the vehicle and have equity in it. Plus, you will have the option to sell your vehicle or trade it in at any time. Custom Loan Terms With financing, you have a say with your loan. You will be able to determine the length of the term and how much you want to pay each month. This lets you create a plan that fits your finances. Start the Auto Financing Process in Chesterfield, MI If you’ve decided that financing is your best bet, Moran Certified Pre-Owned in Chesterfield, MI, aims to make the process easy. All you need to do is fill out our online application. Once pre-approved, someone from our financing department will reach out to go over the next steps.

If you are in the market for a car, before you start perusing all of the different makes and models, there’s something else you need to think about: should you lease or go with used car financing? If you’re having trouble making up your mind, this guide from Moran Certified Pre-Owned can help you make a good choice. Why Choose Pre-Owned Financing? When you finance a vehicle, the biggest benefit is that even if you’re financing,  the car is yours. As long as you make those payments on time, you can do with it what you please, including driving it as much as you want and adding accessories or customizations. Because it’s yours, you will have the option to sell it at any point. Another advantage of financing is that this can improve your credit, which could allow you to refinance in the future or help with future purchases. Why Consider Leasing? Leasing is a good option for people who have trouble making up their minds about a vehicle or perhaps want a new model every few years. It allows you to drive a car for a few years and then bring it back to the dealership, at which point you could return it or start leasing something else. Unlike with financing, you don’t own the vehicle, so it has to be treated carefully. This means you need to adhere to a mileage limit and any customizations typically aren’t allowed. Make a Smart Decision with Your Next Vehicle Still not sure which option is right for you? Moran Certified Pre-Owned in Chesterfield, MI, will gladly give you more information. Contact us or come down to our dealership to check out all of the quality pre-owned models in stock.

Big purchases often require a lot of paperwork. If you are planning to buy a pre-owned vehicle and will be utilizing used car financing to do it, it is important to be prepared. Moran Certified Pre-Owned goes over the areas that require you to bring in the right documentation. Identity The first thing you will have to show are documents that verify your identity. These will need to include a valid driver’s license. You will also need something that has your current address, such as a utility bill or bank statement. Income Lenders will of course need to know that you can pay for your vehicle, so you will need to bring your proof of income. This often includes your two most recent pay stubs and tax information like recent W-2s or tax returns. Insurance A dealership won’t allow you to drive off in your car unless you are covered by insurance. Be sure to bring your valid insurance card. If you will require new coverage, have your agent’s contact details so everything can be squared away easily. Trade-In Will you be trading in a vehicle? If so, you will need to bring its original title and current registration. If you are still paying for the car, bring the account information and payoff quote. Start the Financing Process Now in Chesterfield, MI Financing a pre-owned car can take some time. The good news is that you can help expedite the process by getting things started now. Moran Certified Pre-Owned in Chesterfield, MI, makes this easy. Just fill out our online application to get pre-approved. Once submitted, you can gather all of the documents mentioned above and head down to our dealership.