A Different Kind of Greensboro Used Car Dealer
When you’re looking for used car dealers, Greensboro, N.C., has many to choose from. When you’re looking for independent dealers with the flexibility to assist no-credit or poor-credit customers, tailoring a program to each specific situation, there’s only one: Monarch Auto Sales.
In fact, this adaptability is part of our vision:
“Our experienced staff take a personal interest in our customers, providing the flexibility necessary to meet their diverse needs.”
As one of the leading local used car dealers, we can tailor a finance program for a first-time car buyer with no credit scores, as well as customers rebuilding damaged or poor credit. We do this with dignity, respect and integrity:
- We only offer what you can afford.
- We help you see the entire cost of the vehicle you’re interested in.
- We only extend honest credit at the lowest rates available for the make and model of the vehicle you wish to buy.
- We guarantee the dependability of our vehicles, and offer products such as GAP insurance – in case of catastrophic loss – and extended warranties – in case of mechanical issues.
Your peace of mind and your investment come first at Monarch Auto Sales.
Buying a Used Car from Monarch Auto Sales
Buying from used car dealers doesn’t have to be difficult. Visit our car lot in Greensboro and let us arrange financing for you, helping you create credit for the first time or re-establish your credit.
Found the vehicle you like? Ready to talk about financing? Prepare for your purchase by bringing the following to the Monarch Auto Sales office at 4519 West Market Street.
- Down payment in cash or certified check
- Title for trade-in (if applicable)
- Driver’s license and Social Security card
- Two consecutive paycheck stubs (within 30 days)
- A current utility bill or bank statement in your name (within 30 days)
- Five references – including names, addresses and phone numbers. May include friends or relatives.
- Proof of full insurance coverage
How to Handle a Used Car Purchase
Use the following tips to help you prepare for your upcoming vehicle purchase.
> Plan ahead.
For many, a car is their second most expensive purchase, next to a house, and will require some financial planning. Much like a house or other large purchase, the entire cost of a vehicle includes more than just the base-line monthly payment. Before you buy, deduct the base-line monthly payment and all other associated costs, including maintenance, gasoline, insurance and taxes. Otherwise, you won’t have a realistic number and may find yourself buying more from used car dealers than you can afford.
> Research car quality.
Used car dealers should guarantee the quality of their vehicles, as Monarch Auto Sales does. However, it’s always wise to do your homework. Either take someone with you who knows what to look and listen for on a test drive, or pay a mechanic one hour of labor to check the major systems on the car. Most used car dealers will allow this, and it is the easiest way to keep from buying a problem car. You can also access title searches online from CARFAX, AutoCheck and other related websites.
> Compare car price.
While you can certainly visit other car dealers in Greensboro to compare prices, an Internet search on the Kelley Blue Book website or the NADA website will give you a good idea of range. Wholesale, trade-in and loan value are all pretty much the same kind of number. Retail is the marked-up price. You will generally pay somewhere between those two numbers. Be aware, you definitely get what you pay for.
> If you finance, shop rates.
While cash is the best way to pay for a car, banks, manufacturers and secondary vendors all offer financing options. Which one is best for your situation and how do you know what rates to expect? Banks have the lowest rates, although secondary financing may be needed if you have poor credit, or even no credit. While many used car dealers in Greensboro offer financing, Monarch Auto Sales specializes in helping customers with no credit or poor credit issues.
> Consider a warranty.
Reputable car lots guarantee the quality of their vehicles, but warranties and GAP insurance can be a cost-effective way to account for the unforeseen. Ask our team what kind of coverage you should consider and what is best for your financial situation.
