<p>Why Buying a Used Car Might Be the Smarter Choice</p>
<h2>Why Buying a Used Car Might Be the Smarter Choice</h2>

<p>When it comes to buying a car, shiny and new isn&rsquo;t always the smartest route. In fact, purchasing a used car often makes more financial and practical sense. Here&rsquo;s why going the pre-owned route might be the better option for you.</p>

<ul>
	<li>
	<h3>1. Avoid the Depreciation Hit</h3>

	<p>The second you drive a new car off the lot, it loses up to 20% of its value. Within the first year, it can lose as much as 30%. With a used car, the original owner has already taken that depreciation hit&mdash;so you&rsquo;re paying closer to the vehicle&rsquo;s actual value.</p></li>
	<li>
	<h3>2. Lower Insurance Costs</h3>

	<p>Insurance premiums are typically lower for used cars. Since the car is worth less than a new one, insurers take on less risk, and that savings gets passed on to you.</p></li>
	<li>
	<h3>3. More Car for Your Money</h3>

	<p>Your budget stretches further with used cars. That means you might be able to afford a higher-end model or one with more features than if you bought new.</p></li>
	<li>
	<h3>4. Slower Value Drop</h3>

	<p>Used cars depreciate more slowly than new ones. This means that if you decide to sell or trade it in later, you&rsquo;ll lose less value than with a newer car.</p></li>
	<li>
	<h3>5. A Wider Selection</h3>

	<p>When you shop used, your options aren&rsquo;t limited to the latest models. You have access to a broad range of makes, years, styles, and price points&mdash;giving you more chances to find the perfect fit for your needs and lifestyle.</p></li>
</ul>

New car or used car what is better? Mesa used cars better than new cars.

Why Buying A Used Car Is Better Than Buying New

<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Navigating Car Loans: Your Guide to Proof of Income &nbsp; &nbsp;</p>
<p>&nbsp; &nbsp;</p>
<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>
<h2>Navigating Car Loans: Your Guide to Proof of Income</h2>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>Understanding the world of car loans can be daunting. Questions like &quot;What do I need? Will this work? Why won&#39;t they accept this as proof of my income?&quot; are all too common. Hidden Gem Auto is here to simplify the process with a clear list of what you need for proof of income and why it&#39;s important.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>

<h2>Starting with Proof of Income</h2>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>Proof of income can be both the easiest and the hardest part for many applicants. Whether you&#39;re meticulously organized or more laid-back with your finances, we&#39;ve got you covered.</p>

<p>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>

<p><strong>NOTE:</strong> These are general guidlines but every situation is different. Be sure to reach out to a Hidden Gem Auto Sales so our team can guide you to the right documents.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>

<h3>1. Paycheck Stubs</h3>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>Paycheck stubs are the most straightforward and simple form of income verification a lender will require to approve your loan.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>Why? Lenders review your total income for the year, also known as your &quot;gross income&quot; or &quot;YTD&quot; income. They&#39;ll divide this figure by the number of months in the current year up to today&#39;s date, or from your start date at a new job to today.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p><em>Note: You can use physical check stubs or print them from services like ADP.</em></p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>

<h3>2. Bank Statements</h3>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>Another method is verifying the actual deposits in your bank account.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>This approach works well when done correctly. It&#39;s calculated similarly to paycheck stubs but typically over a three-month period. You&#39;ll use your three most recent bank statements, and the lender will sum the deposits (excluding transfers from other accounts) and average this over three months to determine your current income.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>This method can be less precise than paycheck stubs, as it may not accurately reflect seasonal fluctuations in income. If you&#39;ve had a particularly good or bad three months, you might consider providing statements for the entire year to better average your income.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;</p>

<p><strong>Quick Tip:</strong> If you&#39;re planning to purchase a car soon, make sure to deposit all your income into a bank account to ensure it&#39;s considered for your loan.</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>

<p>Stay tuned for more insights on navigating car loans and making the process as smooth as possible.</p>

<p>&nbsp; &nbsp;</p>

NOS ENCANTARÍA SABER DE USTED
CONTACTO TURBO AUTO SALES

Contacta con Hidden Gem Auto Sales en Mesa, AZ

Ponte en contacto

Visita nuestro sitio web

Conéctate con nosotros hoy

NOS ENCANTARÍA SABER DE USTED CONTACTO TURBO AUTO SALES

Contacta con Hidden Gem Auto Sales en Mesa, AZ

Ponte en contacto

Visita nuestro sitio web

Conéctate con nosotros hoy

NOS ENCANTARÍA SABER DE USTED
CONTACTO TURBO AUTO SALES