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Buying Your New, Used Car

Buying Your New, Used Car

You’ve been on the fence between buying a new vs. used car and decided to save some money with a pre-owned vehicle. Now what? Used cars that are sold with hidden damage can become costly problems for the unsuspecting buyer. To avoid purchasing the proverbial lemon, here are some strategies for avoiding a bad investment. The Test Drive Take the car on a test drive on both local roads and highways. In different environments, you can get a good feel for how the car responds and performs. On local roads, you will feel how the car shifts and responds to sharp turns. You’ll also get a good idea on the condition of the brakes with stop-and-go. With a quick trip on the highway, you can note if the engine runs smoothly or not. While on a test drive, keep your eyes and ears open. Make sure to note any unusual engine noises and whether or not all of the electronics in the car are working properly. The Aesthetics: Inside and Out Both the inside and outside condition of the car ... read more

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Raleigh Road Trip

Raleigh Road Trip

Warm weather is here but let’s be honest- dreams of summer vacation are still months away. While it may not be a far-off island paradise, you can certainly take advantage of your ever-growing Raleigh area. Check out our picks below for a weekend stay-cation for a Raleigh Road Trip. Take a Hike Umstead State Park Whether you’re up for a quick walk or an afternoon of exploring, Umstead State Park has trails ranging in both length and difficulty. The Company Mill Trail is an area favorite as it offers a 1.3 or 5.8 mile hike along a beautiful trail. Hemlock Bluffs This hidden gem is more located in Cary near Holly Springs. The 3.5 mile trail offers various lookout points and plaques highlighting local plant and animal life. Lake Johnson ... read more

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Buying New vs Buying Used

Do you, like many individuals, feel that buying a brand new car is a right of passage, or a reflection of status? Do you feel satisfied with the ability to select the exact model, color and features when purchasing new? Well, if you’ll lend us your ear, we’re hoping to sway your opinions… Buying a new vehicle is a poor investment. Why? One word: depreciation. Your vehicle will lose approximately 22% of it’s value in its first year, and after 5 years, that deprecation sky rockets to about 55%. Ownership Until your financing is settled, you don’t actually own your vehicle. If for any reason you begin to struggle financially and can’t make your payments – guess what? The bank will come in, take your car, and then resell it, leaving you with nothing but a bad credit score. This is of course also the case if you finance a used car, but the lesser the loan, the more quickly you can pay off the debt. Warranty and Repair Costs Even with a factory warranty, you stil ... read more

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