Tag Archives: Conover NC

What Are Certified Pre-Owned Vehicles?

Did you know more used cars are bought and sold than new cars every year? Still, despite their popularity, used cars can sometimes get a bad rap. If you’ve ever been surprised by hidden damages, you might be understandably cautious about picking up another ride that’s been previously-loved. That’s where Certified Pre-Owned programs come in. What are Certified Pre-Owned (or CPO) vehicles, though?

Requirements and Standards

When you buy a car through a CPO program, you’re purchasing a vehicle that meets specific requirements. Usually, the car has to be under a certain age and mileage and must qualify for the program by meeting the standards of a long, rigorous mechanical and cosmetic inspection.

Warranties

To offer extra reassurances, used cars purchased through a CPO program come with the backing of several warranties. Often, manufacturers will offer to cover anything that needs to be repaired within a short time of the initial purchase, and many powertrain warranties on CPO vehicles last several years.

Benefits

In addition to warranties, you’re likely to get some additional perks when you buy a certified pre-owned vehicle. 24/7 roadside assistance is pretty common, as is the car itself coming with a free Vehicle History Report and the option of dealership maintenance plans.

If you want to learn more about our Certified Pre-owned program or browse our extensive inventory, pay us a visit at Village Motors of Conover today.

Why Does My Credit Score Matter?

If you are in the market for a vehicle and you have been denied a loan from some banks because of your credit history, you might be left questioning why your credit score even matters at all.

Creditworthiness: Banks use your credit score as a quick vector check of your creditworthiness, or how likely you are to repay a loan. Low credit scores often indicate a limited credit history, defaulted payments, or a high debt-to-income ratio. None of these factors are catastrophic, though. Whether you have a short credit history or one that highlights a few mistakes, you can still get into the car of your dreams.

The Impact: Banks typically view low credit scores as red flags, and could deny you outright for an auto loan. Without the self-sufficiency afforded by a vehicle or the opportunity to improve a bad score, the credit score cycle can seem self-perpetuating. If your score is just high enough to be approved, you will still be subject to high-interest rates that can make repayment difficult.

The Village Motors of Conover Difference: At Village Motors of Conover, we aren’t like all of the other dealerships looking to make a quick buck. We value people over credit scores, which is why we work to offer you a great deal regardless of your credit history. No matter the severity of your situation, we will do our best to get you financed and on the path toward rebuilding your credit.

If you have questions about credit or would like to get approved for a new vehicle, call Village Motors of Conover today.