Why buying a used car is a good financial decision

When you’re in the market for a car, the first question you ask is, “Should I buy new or used?” While buying a new car can be tempting, it can also be expensive. Used cars can be a great financial decision. Here are some reasons why buying used could be your best option.


It’s Less Expensive
Used cars seem to get the stigma of having problems but new cars can have their own difficulties. While new cars are nice, they tend to depreciate quickly and monthly payments can be expensive. Since most people cannot afford to pay cash for a new car, buying used can be a great option. Used cars can be paid off faster than new cars, making it easier on your finances in the future. It is generally better to trade in your used car (if you have one) in order to purchase another used car.


They’re Reliable
Today’s vehicles can last over a decade with minimal issues if well cared for. Cars can have hundreds of thousands of miles on them and still be running strong.

Some people buy new cars because they don’t want to worry about potential issues, but even new cars can have problems. If you are worried about potential issues with a vehicle, you can always request a vehicle history report to see accidents and previous ownership. This may give you some indication of the car’s history.

In the long run, it is cheaper to fix issues that come up with a used vehicle, rather than making expensive payments on a new car that is depreciating quickly.


Reasonable Financing
Many used car dealerships have great financing options to make buying a car easier.

Monarch Auto Sales has financing options for every budget. We offer a Buy Here, Pay Here option for customers. We will talk with you and figure out a comfortable payment plan even if you have bad or no credit. Find out how our Buy Here, Pay Here program goes beyond that of a typical dealership. Find out more about our financing options today.


Let Us Help
Monarch Auto Sales in Greensboro, NC, has a huge selection of used cars at competitive prices with great financing options including our autoclick application online! Shop our inventory online. Then, come visit us and go out for a test drive! We’ll help you find the best used car for your budget.

Meals and Wheels – Enjoy a Free Lunch or Dinner on Monarch Auto Sales

Used Car Dealers Greensboro, NC

Most used car dealers in Greensboro, N.C., don’t offer free meals with every test drive. But then again, most used car dealers aren’t Monarch Auto Sales. We love to show our customers how much we care.

That’s why from now through April of 2014, every qualified buyer who takes one of our cars for a test drive will get a lunch or dinner entrée, plus a soft drink at Bender’s Tavern right next door to our lot. The best part is it’s all on us!

Now, we can just hear the wheels turning as you read this. You’re probably thinking, “Hey, there’s no such thing as a free lunch, what’s the catch?” There is no catch. Just apply for the Guaranteed Credit Approval program financing, take your test drive and, voila! You’re on your way to a great meal and an even greater car!

At Bender’s Tavern, customers get great food in a great atmosphere.  You can choose from daily lunch specials or any of their delicious sandwiches or burger options. Try a spicy chicken wrap or a burger with all the fixings. Catch your favorite sporting event on NFL Sunday Ticket, ESPN GamePlan and MLB Extra Innings or hang out on Friday night for a little Karaoke.

After your test drive, Bender’s is the perfect place to relax and mull your options. Can’t choose between that sporty little two-door or the family sedan? Mull it over while you catch a game and eat your favorite hot dog. We know that buying a used car can be a big decision and we also know you have choices. That’s why we’re offering a free lunch or dinner on us – we appreciate your business and your time.

It’s also why we offer multiple tools to help you make an informed decision. We have knowledgeable sales people, excellent credit options and tips to help you have the best experience you can when working with a used car dealer in Greensboro, N.C.

In fact, before your visit, feel free to read through these tips for the perfect test drive. We want to make sure you have the best information available to make sure your buying experience at Monarch Auto Sales is the best it can be. We’re not afraid of questions – come on down, apply for credit and take your dream car for out for a spin.

Ready for that test drive? Hungry for that burger? Stop by our Greensboro, N.C., used car dealership today! Call to speak to a member of the Monarch Auto Sales team at 336-856-9707 or visit us online at



A Twenty-Something’s Guide to Buying a Used Car

Bad credit car sales greensboro ncYour twenties are supposed to be the most exciting years of your life. And they are…for the most part. Looking back on that illustrious decade, you will undoubtedly remember those early mornings after the bar closed. The week at the end of the month you spent living on solely mac ‘n cheese or ramen noodles until you got your paycheck. The crazy amount of money you paid for a pair of shoes you only ever wore once. You’ll probably look back with a smile and laugh at how wild, impulsive and poor you were then.

But, let’s be honest here. Through the rose-tinted glasses you suddenly acquire on your thirtieth birthday, the financial stresses of your twenties virtually disappear. Unless you’re living them, that is. Between student loans, rent, furnishing your first place, and saving enough money to cover your weekend bar tab, affording a car payment (let alone maintaining a good enough credit score to purchase a quality new or used car) can seem nearly impossible.

That’s why used car dealerships, like Monarch Auto Sales in Greensboro, offer Buy Here Pay Here financing to prospective car buyers. Car buyers whose credit score may currently stand in the way of them purchasing a quality used car at an affordable price.

If you’re a twenty-something trying to get behind the wheel of a quality used car, but have poor credit (or even zero credit) standing in the way, Monarch Auto Sales will work with you to find a newer, quality used car. One with lower mileage than most of our competitors can provide.

While most dealers are unable to offer credit approval to car buyers with poor or no credit, Monarch Auto Sales guarantees credit approval through our Buy Here Pay Here financing program. Prospective buyers must simply demonstrate legitimate proof of income and residency, as well as a valid, up-to-date driver’s license. All you need to bring to the dealership is a copy of your driver’s license, a recent utility bill or bank statement, proof of income, and at least five references.

Beyond getting approved, providing enough money for a down payment can be a challenge for many twenty-somethings. Luckily, the Buy Here Pay Here program at Monarch Auto Sales has down payment options starting as low as 10% of the vehicle sale price. This means you can spend less time saving and more time driving!

If you’re interested in applying to our Guaranteed Credit Approval Program, visit our Credit Application page for more information. A representative should respond within 24 hours of receiving your credit application, but you can even call us to expedite the credit approval process.

With a dependable car and a life filled with endless possibilities, there’s no reason your twenties can’t be the best years of your life with a car payment!

Head to Monarch Auto Sales for a test drive today!

Seven Questions You Should Never Be Afraid to Ask a Buy Here, Pay Here Car Dealer

Bad credit car loan greensboro nc

Making a good car buying decision starts with asking your dealer the right questions. If you have bad credit and are looking for a car loan in Greensboro, NC, Buy Here, Pay Here financing may be the ideal answer for you! You don’t have to take our word for it – simply ask your dealer a few questions and decide for yourself if you like the answers!

What will my monthly bill look like?

Setting a budget and sticking with it is essential when considering buying a used car. At Monarch Auto Sales, we know that keeping your monthly payments low may be more important to your financial stability than the overall life of your car loan (particularly if you are currently living paycheck to paycheck). The right car dealer will work tirelessly to find the best Buy Here, Pay Here financing option for you.

Do I need to make a large down payment?

This is an important question, because every situation and dealer are different. However, with Monarch Auto Sales’ Buy Here, Pay Here program, the answer is often “no.” Down payments start as low as 10% of a vehicle’s sale price.

Will you be able to help ‘fix’ my credit?

Buy Here, Pay Here car dealers make it easier for you to buy a car with bad credit, but they can also help improve your credit score over time. At Monarch Auto Sales, we report each and every payment to credit bureaus to help you reestablish a positive relationship with creditors. While this is merely one method to improve your credit score, it can go a long way toward a more financially secure future.

What if I have recently declared bankruptcy?

While this situation can be rather sticky, many Buy Here, Pay Here car dealers may be able to help you despite a bankruptcy claim. At Monarch Auto Sales, we simply require trustee approval to proceed with a financed purchase.

What do I need to bring with me?

Once you decide to apply for Buy Here, Pay Here financing, you may wonder what information or documentation you will need to provide to get approved. Monarch Auto Sales offers guaranteed approval for Buy Here, Pay Here financing, if customers can produce legitimate proof of income and residency, as well as a valid, up-to-date driver’s license.

How long does it take?

Many dealers may not be as “quick” at notifying you of your credit approval as you might wish. At Monarch Auto Sales, we pride ourselves on our speedy Guaranteed Credit Approval Program. We make the effort to respond within 24 hours of receiving your application or you can call 336-218-5083 to expedite the process.

Why should I buy a car from you?

Too often, car buyers – particularly those looking for bad credit car loans – will be so anxious at the thought of being approved or denied for a loan that they will forget to focus on the even more important question, “Is this dealership the right place for me to buy my car?” So, turn the tables on your car dealer! Ask them why they deserve your business! On our end, Monarch Auto Sales resembles other Buy Here, Pay Here car dealerships only in the ease of credit approval for customers with bad credit. We also offer GAP insurance, warranties, and most importantly, we report all of your payments to credit bureaus to help you rebuild your credit history.

Did we miss any questions that you’ve been afraid to ask a Buy Here, Pay Here car dealer? Give us a call or stop by Monarch Auto Sales ( in Greensboro, NC today! We guarantee you answers!

How to Buy a Good Car with Bad Credit

Bad Credit Auto Loans Greensboro NC | Monarch Auto Sales

Hearing a car dealer say, “Bad credit? No problem!” may seem too good to be true. Lucky for you, having a poor credit score won’t put the brakes on your deal at Monarch Auto Sales in Greensboro, NC.

If you are in the market for a quality used car, don’t worry that your questionable credit score will make things difficult (or your situation impossible).  Simply follow these five short steps to ensure you drive that hot set of wheels off of our lot in no time:

Step 1: Check Your Credit Score

When looking for bad credit auto loans in Greensboro, NC, many people make the assumption that they have a bad credit score without doing any research. It is always better to have an accurate idea of your current credit score and previous credit history, before you start shopping (or, in some cases, weeping in dismay).

Step 2: Know What to Expect

An excellent option for individuals looking for bad credit auto loans is Buy Here, Pay Here financing.  The Buy Here, Pay Here program at Monarch Auto Sales is easy and customized to meet the financial needs of our customers. We even guarantee auto loan financing approval for everyone who provides legitimate proof of income and residency as well as a valid, up-to-date driver’s license.

Step 3: Choose Your Car

Before concerning yourself with obtaining an auto loan when you have a bad credit rating, it’s time for the fun part – discovering a car that’s just right for you! Several used car dealerships in Greensboro, NC may offer Buy Here, Pay Here financing, but the quality of their inventory is just not up to snuff. At Monarch Auto Sales, we have a wide selection of quality used cars to meet the financial needs (and personal dreams) of each customer.

Step 4: Fill out a Credit Application

Monarch Auto Sales offers auto loan financing through Credit Acceptance Corporation. In order to apply for Buy Here, Pay Here financing, you simply need to provide some basic documentation, as well as at least five references. For those in the midst of bankruptcy, your Buy Here, Pay Here financing will merely require trustee approval in order to proceed with the purchase.

Step 5: Drive Your New Car Home!

Once your credit application has been approved, the rest of the process is short and sweet!

We told you it wouldn’t be so hard to snag those keys after all!


For additional information on procuring a bad credit auto loan in Greensboro, NC or to check out our quality collection of superior used cars, visit Monarch Auto Sales ( or give us a call today!


Myth Busters, Monarch-Style

Used Car Dealerships | Monarch Auto SalesWhether you are seriously contemplating buying a used car or just scoping out the inventory at local used car dealerships in Greensboro, NC, you may be skeptical about the trade-offs associated with purchasing a used or “previously loved” vehicle. Your doubts may be natural or they may be the unfortunate result of some major misinformation. If the latter is true, join us as we bust a few commonly held myths and misconceptions about buying a used car!

 MYTH #1: Used car = “lemon.”

Reality: Respected used car dealerships take many steps to ensure the quality of a used car or truck before placing it on the lot. At Monarch Auto Sales in Greensboro, NC, we fully inspect each car and professionally guarantee every car on our lot. If you still fear being stuck with a dreaded “lemon,” we encourage you to have the vehicle inspected by an outside party. We understand your need for complete peace of mind and will work with you to provide it!

 MYTH #2: All cars quickly lose their value.

Reality: One of the hidden costs of buying a new car is rapid depreciation–that big drop in a car’s value from year to year. While both new and used cars depreciate over time, the rate of depreciation is generally much higher for new cars, particularly in the first few years of ownership. That’s why leading used car dealerships, like Monarch Auto Sale, help potential car buyers see the entire cost of the vehicle they are considering and encourage comparative shopping.

 MYTH #3: There’s a limited selection of quality used cars.

Reality: Most people want a nice car that’s even nicer for their budget. Unfortunately, finding a used car that’s perfect for you can often feel like searching for a needle in a haystack (or about as likely as finding your soulmate on next season’s The Bachelor). While it may be tough to find that ideal car, comparative online shopping at places like is a great place to start. Once you decide on a few makes and models, heading to a respected dealer with an extensive selection of quality used cars is a great next step!

 MYTH #4: Nowadays, used cars are not as good of a deal.

Reality: Although rumors of continued high prices for “previously loved” and popular models of used cars are still widespread, the price of a quality used car does not have to be steep. At Monarch Auto Sales, we only offer customers a selection of cars we know they can afford. We also work with you to tailor a personalized finance program that meets your every need.

For more information on used car dealerships in Greensboro, NC and to view our extensive collection of pre-owned cars, trucks, and vans at hard-to-beat prices, visit Monarch Auto Sales ( or give us a call today!

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