Understanding the Different Types of Used Cars
Auto Loan Expert
There are many different types of used cars, and almost as many different ways to buy one. While there are more brands and models on the market today than ever before, all used cars can be placed into one of four broad categories. These categories of used car are helpful for understanding what you should be looking for when you are shopping for a used car.
The lemon is the classic nightmare scenario. You take out a 72 month used car loan and buy a used car. It looks great, and seems great, but three weeks after your purchase it suffers a major break down. Now the best Citibank used car loan rates can’t help you avoid the fact that you’re paying for a car that might need more in repairs than its worth.
One of the best ways to avoid a lemon is to take your car to a third party mechanic. He will be able to give you an unbiased assessment of the car’s likelihood to suffer a breakdown. Additionally, buying a used car from a dealership that offers certification programs is one of the best ways to ensure that your car won’t turn out to be a lemon. Dealerships almost always offer warranties on certified cars.
The beater is a car where you know what you’re getting. It doesn’t look great, it doesn’t run great, and it isn’t great. However, it’s priced to match its less than stellar qualities, and it fits your needs at the time. Beaters aren’t necessarily bad cars as much as they are honest cars, they may fall apart at any moment, but you know that going in, and you can probably afford the beater without googling “used car loan rates PA” to find it.
The beater is a good option for someone who just needs a car to last a short period of time. This might be while you wait for a loan or a structured settlement to come through from a previous accident. The beater is also a good choice if you’re reasonably handy with car mechanics. Another good use for the beater is as a teenager’s first car, so you won’t be out a lot of money when they inevitably crash it.
The standard is just that, it’s a standard used car. You might have to get used car loans. Toronto is the city that is best compared to the standard used car. It’s got everything you’re looking for, but nothing about the car particularly wows you, or anyone else. It is a fair car for a fair price.
The standard is a good every day car choice for those who are in the market for a used car. It is reliable, safe, reasonably efficient, and does everything that you ask of it. The standard isn’t very fast, but it’s not especially slow. The standard is exactly what you need and no more, no less.
The gem is a treasure to behold. It isn’t just a good car, it’s a great car. Not only that, but it was almost a steal. You didn’t even have to get a Navy Federal used car loan in order to buy it. The gem is truly a sight to behold, it performs admirably, has a great sound system, and an interior that smells like roses and sunshine. The gem is a car that you still don’t believe you own when you see it parked in the morning, it’s that good.
Unfortunately, there’s no surefire way to ensure that you get a gem. The best approach to maximize your chances of getting a gem is to do diligent research, test drive until your hands bleed, and be on the lookout all the time for the best deal you can find. Finding a gem doesn’t happen by accident, it take hard work, knowhow, and discipline, but it can be done.
As you can see, there aren’t many types of used cars that don’t fit into one of these categories. Check out some of our other used car tips and you might be able to land yourself a gem. After all, you owe it to yourself to get the best used car possible.