The Yes Guys
180 Spaulding Turnpike
Portsmouth, NH 03801

(603) 436-6811

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Pre-Owned Family Vehicles

Pre-Owned Family Vehicles

When it comes to buying a new car, there are almost endless options for you to choose from. It is extremely important to decide what your needs are, how you want the car to serve you and those needs, and what you are able to invest in the new car. It is also important to remember that purchasing a new car is just that -  an investment. You wouldn’t invest in something that you didn’t believe in or did not feel strongly about, so be sure to take your time and lay out all of your options before signing on a specific make and model. When purchasing a new car with your family in mind, you’ll want to pay extra close attention to details such as cargo space, safety, and passenger capacity.  There are many advantages to purchasing a pre-owned vehicle including but not limited to: lower purchase price, less hidden fees, lower insurance rates, and lower registration rates. To help you in your search, we’ll discuss below why choosing a pre-owned vehicle is the perfect choice for you and your family. 

 

Why Pre-Owned?

There is a common misconception that purchasing a pre-owned vehicle is inherently bad or worse than purchasing a brand new vehicle, but that is simply not true. There are many advantages to purchasing a pre-owned vehicle, and the more you do your research, the better off you will be. As you know, purchasing a pre-owned vehicle will always come at a lower sticker price than if you were to purchase that same vehicle brand new. And with that lower sticker price comes a lower annual registration fee and ultimately lower monthly insurance payments. It is true for almost all vehicles that they lose up to 50% of their value within their first 3 years on the road. What does this mean for you? This means that your pre-owned vehicle will depreciate slower than if you had purchased the same vehicle brand new, and conclusively means more money in your pocket. Also due to depreciation, your budget can take you much further when purchasing a pre-owned car. Your budget may only afford you a base model or base level trim in a brand new vehicle, but that same budget may get you some cool technology features or luxury interior components in a pre-owned vehicle. 

 

Big Picture Things to Look At

There are some things you can do in your research of a specific pre-owned vehicle that can help you be sure it is the right car for you and your family. First, you’ll want to be sure that the exterior and interior of the vehicle are in overall good condition. Minor dents, scrapes, or scratches are just that - minor. But if the vehicle has a large rip in the seat, a large dent in the bumper or body, this may not be the vehicle for you. Also, you’ll want to check the vehicle’s history. Was it involved in an accident? A flood? These are not common things to find on a vehicle’s history report, but certainly are things to consider. Finally, be sure to investigate the vehicle’s mechanical health and overall performance. This means taking into account the car’s mileage, and don’t forget that high mileage does not always mean the car is in bad shape - many cars with higher mileage have thousands and thousands of miles left in them. It’s all about how well the car was cared for previously, and having a trusted expert check under the hood before you purchase can help you choose the right vehicle for you.


 

Seating Capacity

A pre-owned car can be perfect to meet the needs of your family. When you first think of a “family car” your mind may take you directly to “minivan”, and while there are many mini vans that may meet your needs, you are not limited to these when searching for the right family car. Depending on the size and age of your family, you have many options to choose from in terms of seating capacity. Most standard SUVs come with a bench rear seat, with room for 3 passengers. This would certainly be enough seating if you have one child, but if you have more than one child you may want to consider looking for an SUV with a third row, either stowable or permanent. As your children (or family) grow, you will not want to be limited to one bench seat in your family vehicle. Many mid to large-sized SUVs now come with an optional third row that you can leave folded down until you need the extra seats, or your children decide they need to spread out! This allows you to maximize your seating capacity or maximize your cargo room depending on the day and its schedule; there is no need to choose one or the other when purchasing your car. 

 

Cargo Capacity

Cargo capacity can go hand in hand with seating capacity, where your needs may change over time as your family grows. Think car seats and toddler bikes, turning into pre-teens or teenagers and full size bikes, sports equipment, luggage, etc. You’ll want enough cargo space to tote around the needs of your family with ease, while also toting your family around comfortably! The great thing about mid-size SUVs is their often spacious rear seats and equally as spacious cargo areas. In addition to functional cargo space, there are countless configurations of additional storage space available in roof racks or trailer hitch racks that can free up interior space for your family or additional cargo.

 

As you can see, there are many reasons why purchasing a pre-owned vehicle can be a great idea for you and your family. In order to make the right investment, you will need to do some research and decide what your family’s overall needs are. The knowledgeable team at The Yes Guys in Portsmouth is ready to help you find the perfect pre-owned family vehicle. Give us a call today to learn more!

 

Do I Need 4WD or AWD? What’s the Difference?

Do I Need 4WD or AWD? What’s the Difference? 

You might be confused when you hear the terms 4WD, or four-wheel drive, and AWD, or all-wheel drive. A car, truck, and SUV all only have four wheels, so isn’t 4WD the same as AWD? There aren’t any other wheels! 

Though AWD does apply to vehicles that have only four wheels, there is a difference between AWD and 4WD. Knowing the difference between them can help you determine which would better suit your purposes when you are shopping for a new vehicle. 

Difference in How Power is Distributed

The use of the terms 4WD and AWD depends on how the power is distributed to the wheels. In an all-wheel drive system, power is always sent to all four wheels, no matter the circumstances. In contrast, in a four-wheel drive system, the power is sent to the front or rear wheels as needed, depending on the terrain. 

You can think of 4WD as “selective” all-wheel drive, while a designated AWD vehicle is always engaged in all-wheel drive. The selective nature of the 4WD system helps the vehicle to be more energy-efficient. The system also puts less strain on the vehicle’s mechanical parts. 

Choosing between 4WD and AWD

The differences between a 4WD vehicle and an AWD vehicle are subtle. The casual driver is unlikely to appreciate these differences, and so would benefit from talking through the mechanics carefully with a trained automotive sales associate or a mechanic. 

If you are expecting to drive through a lot of uncertain terrain, an all-wheel drive vehicle may be best for you. AWD always has power to all wheels, giving you more power and more surety on the road. You can drive with confidence whether you are driving through snow, work areas with a lot of gravel and mud, or other areas of uncertain terrain. You will never have to worry about the tires or the torque slipping, as you would with FWD. 

A FWD vehicle may be a good choice if you just want to have a reliable vehicle during times of inclement weather or emergency. The vehicle will shift into a more powerful drivetrain as it is needed. You will put less strain on your vehicle, and you will save energy. You will only use the more powerful drivetrain when you need it, rather than wasting all that power when you’re just driving to work on the highway. 

Test Drive to Know the Difference

Describing drivetrains and mechanics can all be abstract until you actually drive a vehicle and feel the difference that these two drivetrains can make. Visit Yes Guys Auto to test drive trucks, SUVs, or vehicles that have 4WD and AWD to learn the difference these options make in real-time driving. Our friendly associates will help you understand the difference these options make in each of the vehicles you are considering so that you can find the perfect vehicle to meet your needs. Once you find the right vehicle, then we’ll help you find the right financing to fit your budget. Visit us today! 

 

5 Best Pre-Owned Vehicles for Summer Road Trips

Summer is on the way, bringing thoughts of road trips and vacations. You’ll want a vehicle big enough for everyone to be comfortable, with bonus points if there is room to stretch out. It also needs to have the right safety features, technology, performance, and fuel efficiency for your family. With all of those factors in mind, we chose our top recommendations for summer road trip vehicles.

 

5.Hyundai Elantra

A great pick for smaller families and couples planning to travel this summer. Sometimes you don’t need a large truck or SUV to get yourself where you need to be. We think the Elantra is an all-around excellent choice when it comes to picking a daily driver that is well equipped for road trips. Due to their great fuel economy, modern technology suites, and reliability these sedans also tend to hold their value when you take great care of them. With over 14 cubic feet of trunk space and plenty of room for up to 5, this Hyundai is ready to drive off into the sunset.

 

4. Nissan Rogue

There’s room for up to five passengers, with generous space to stretch out for long stretches of driving. However, the Rogue truly excels with four people and the extra space amplifying the interior comfort. The backseat is large enough that your passengers can enjoy stretching out for a quick nap. Road fatigue is common with longer trips. The Nissan Rogue’s upgraded autonomous features can help keep you and your passengers safe by taking control of the speed and, to some extent, braking and steering. Plus, the back-up camera available on most models gives you peace of mind when trying to get out of tight parking spaces or crowded tourist locations.

 

3. Chevy Trax

This sporty little SUV is a jack of all trades for families on the go. As with any compact SUV, drivers expect the Trax to provide a surprisingly spacious interior packed into a small frame. With a focus on safety and entertainment, Chevy has provided families with a SUV that is equally ready to handle the mall and the campground. The Trax comes with an array of features you would hope to see in a modern vehicle, including a standard safety suite, zippy six-speed transmission, and a Bose audio system on select trims. It also scores points for fuel efficiency.

 

2. Subaru Outback

A large, comfortable interior with spacious views. An exterior built to withstand the elements. And a variety of performance options that make trailblazing a breeze? We must be talking about the Subaru Outback. These vehicles put the sport in SUV and have been one of the best road trip vehicles you can buy for quite some time. Newer models include driver assistance features and interior upgrades, while all models boast great cargo space and off-road performance. If your family is looking to have an active summer in the outdoors, the Subaru Outback is the vehicle for you.

 

1. Mazda CX-5

If you’re looking for the vehicle that can do it all, look no further than the Mazda CX-5. This modern SUV is the epitome of versatility and offers plenty of options to ensure it meets your family’s needs. These surprisingly affordable vehicles pack a ton of features and quality engineering into a stylish package. A powerful engine paired with great suspension and all-wheel drive offers tight handling and a smooth ride across a variety of road conditions. The large cabin can comfortably seat 5 with plenty of room for all of your cargo. With an exterior built for the elements and an interior built for comfort, the Mazda CX-5 delivers on all fronts.

 

What Exactly Do I Need to Buy a Car?

We Will Help You WIth Your Car Purchase

We know buying a vehicle, even a used vehicle, can be an arduous process. That is why we set up our dealership to be as easy and efficient as possible when it comes to financing. It’s easy to browse our online inventory to see what models we have available. When you’re starting to narrow down your choice, it’s important to start thinking about the purchasing process. Read on to learn everything you need to know, do, and bring to make your car buying experience a breeze.

To help alleviate some of the stress that comes with buying a car, we\ve provided an easy-to-use checklist of everything you need to bring with you when making your purchase. But first, let’s talk about what you need to know before you start your purchase. 

 

What to Know Before Buying a Car

Buying a new car can be a slow process since it includes arranging financing and registering the car, paying for it and signing sales contracts. It took new-car buyers on average 3.6 hours to complete a purchase in 2017, according to a survey from J.D. Power. Much of that time goes into establishing details for financing your loan and filling out the proper paperwork to complete the purchase. It also accounts for the time that dealer staff spends explaining the audio, entertainment, safety and navigation systems in the available vehicles. Shopping online to see our selection, understanding the vehicles before walking in the door, and having an idea about the financing process can all cut a good amount of time off of your experience. Here's what you should know to save you frustration and hours of waiting when purchasing a vehicle.

 

  • Know what rate you’re approved for

Determining how you’ll finance your car should be one of your top priorities before you make your final car selection. In most instances, this includes two options: You can get financing terms ahead of time (through a bank or lending institution), or obtain financing at our Portsmouth, NH dealership. If you choose to work with a bank or lending institution ahead of time, you may be able to save time at the dealership after you negotiate the price of the car you’re interested in purchasing. 

If you do explore other financing options, having loan terms already in hand doesn’t just make the process better, it gives you a point of comparison, so you’ll know if your loan is the lowest rate or if there’s a better deal out there. The better your credit history, the better the interest rate you’ll get An annual percentage rate (APR) of 0% may seem appealing, but the terms of the loan might result in a higher monthly payment due to a shorter repayment period.

 

  • Know which factors impact your payment

No matter where you choose to obtain your financing, it’s important to understand how the terms of your loan impact your monthly payment and total cost of the loan. For example, APR has a relatively small effect on monthly payments. In fact, there are two other inputs that have a bigger influence.

A smaller loan amount or a higher down payment can decrease your monthly payments A longer repayment term can lower monthly payments, but you may end up paying more in total over the life of the loan. Learn more about how car loans work or use our auto loan calculator to run the numbers for your situation.

 

  • Know the pros and cons of 0% APR vs. a cash rebate

Some dealerships have promotions that offer cash rebates or no-interest financing for a new vehicle purchase. While these offers may seem attractive, it’s important to weigh their pros and cons first. Sometimes a cash rebate combined with a low-rate auto loan can be a smarter option vs. a 0% APR. A cash rebate used to reduce the overall cost of the vehicle may lower the loan amount resulting in savings over the life of the loan. If you qualify for a 0% APR auto loan be sure to find out what the repayment term is. Then use an auto loan calculator to compare a 0% APR loan at a higher loan amount vs. a low-rate auto loan with the rebate lowering the loan amount.

 

What to Bring to the Dealership

We want you to have a smooth buying process when getting behind the wheel of the used vehicle you have always wanted, so make sure you bring the following:

  • Your driver’s license

Your license normally has to be for the same state where you will be registering your used vehicle. Men and women who serve in the armed forces are exceptions to this rule as they can have their licenses issued in any state. If you’ve recently moved to New Hampshire, give us a call and we will walk you through the process step by step.

 

  • Your current registration

This applies to you if you’re trading in a vehicle but you still happen to have a lien against that model. This also applies to you if you are looking to put your current license plates on your purchase. Feel free to ask the staff here at Yes Guys Auto Loan in Portsmouth NH, more about this process given your specific situation.

 

  • Proof of insurance

Your insurance card should have the name of whoever is purchasing the used vehicle in addition to whoever else will be on the vehicle’s title. Your insurance card doesn’t have to be for the vehicle you’re buying; it can also be for the model you own currently.

There are a few more things you can bring in to help us with your financial planning. These extras can help the process go faster and aid us in securing the best loan possible for your pre-owned car purchase. These can be especially useful if this is your first time buying a vehicle.

  • Pay stubs from your current employer

If you plan on getting a loan through the dealership, they may require you to show proof of your recent employment. Bring a couple of your most recent pay stubs just in case.

  • Credit score and history

While the dealership will be able to pull your credit score and history, check it yourself, review it and bring it with you when you plan to buy your car. Beforehand, check for signs of unpaid or late bills and resolve them.

  • Discount information

If you’ve got a discount coming from your credit card company, our dealership, the manufacturer or anyone else, make sure you have all the necessary information with you so you don’t miss out on that deal. We also recommend bringing information about any assistance programs or tax incentives you may be able to take advantage of.  Walk through the fine print of the deal slowly or give us a call about it so you fully understand the promotion and all that it entails.

 

How to Trade-In a Vehicle

If you’re going to trade your current vehicle in when you buy your new car, you’ll need a little extra paperwork and preparation to make sure everything goes smoothly. Bring these things to make your car buying and trading process easy:

  • Current certificate of title

The dealership should help you prepare to transfer your car’s title to them. If you can’t locate your title, contact your local DMV to get a duplicate, but be prepared to pay a fee.

 

  • Current vehicle registration

Unless your current car is going to be junked after you trade it, you need to provide the current registration. You should be able to trade it in with expired vehicle registration, but the dealer will probably give you less for it since they’ll have to make it current themselves.

  • A clean vehicle

You don’t have to get the car washed and detailed, but you’ll want to pull out all of your personal belongings so you don’t get caught up in the deal and forget something that matters to you. You also want to make sure you get the most out of your trade-in by skipping any cleaning fees. It’s a win-win for you and our dealership.

  • Service records

Have all service and repair information ready, as the dealer will want to know of the vehicle’s previous maintenance beyond the vehicle history report they’ll pull.

Get Pre-Approved Online, Instantly

We’ve set up our online loan application to be easy, fast, and secure. If you\ve found the vehicle you\re looking for or you just want to know what auto financing you’re approved for, use our online store today. Call or fill out a form to learn more from our friendly sales professionals in Portsmouth, NH.

 

Value in Vehicles under $12,000

The price of new vehicles seems to keep rising, and it doesn’t seem to show any signs of stopping. Meanwhile, people are turning to the secondary market more and more to find a good deal, so prices are rising there, too. You may be frustrated in your search for a stylish and quality vehicle, thinking that you’re priced right out of the market.

But there are great deals to be had still! In fact, you can find a gorgeous, top-performing vehicle for under $12,000. At Yes Guys Auto, we inspect every previously owned vehicle we buy to ensure that it meets our high standards for quality and performance. We only accept the very best vehicles to sell on our lot, so you can be sure that any budget-priced vehicles you buy from us still have years of dependable performance ahead of them. 

Top Brands

You can find a wide variety of previously owned vehicles under $12,000, but some of the top brands you can expect to find include:

  • Toyota

  • Honda

  • Hyundai

  • Kia

  • Nissan

  • Volkswagen

  • Ford

Model years, trim levels, and the overall condition of the vehicle impact the ultimate price you will pay. However, you can expect to find good prices on these vehicles even with newer years, and you can expect the vehicles to be in great condition. You’ll get many years of life left on these brands.

Finding the Best Price

There are a few things you can do to get the best price on your previously owned vehicle. To start, shop at a dealership that has a history of offering fair pricing, like Yes Guys Auto. Then talk to the sales associate about your budget and about financing terms that will fit the vehicle into your budget. 

When you identify vehicles under $12,000 that you like, ask for all the information available on them. Look at the Carfax history report, read the spec sheet to learn about all the extras included on the vehicle, and of course, check the odometer. 

Caring for a Budget Vehicle

A previously owned vehicle can last you just as long as a new vehicle, if not longer, if you take care of it. You must stick to the manufacturer’s recommended maintenance schedule, including things like oil changes, a fuel injection service, transmission service, and tune up. Getting the proper maintenance will keep all the car’s working parts in top shape for longer, and you will get reliable performance for many years to come. 

 

Don’t let new car prices keep you from getting the vehicle you need. Visit Yes Guys Auto to find stylish and reliable vehicles that fit your budget. We have recent models for as little as under $12,000. We’ll help you find the perfect vehicle to fit your budget. We also have flexible financing options to help you get the terms you need for an affordable monthly payment. Visit us today to explore our selection and to talk with a finance specialist about the financing options. We’re ready to help you drive home in a new vehicle today! 

 

How Your Tax Refund Can Help You with Your Vehicle

With tax season upon us, many of you are likely in for a refund. You might be getting a few hundred dollars, or you might be getting a few thousand dollars. Whatever the amount, we’re sure you can think of dozens of things to do with it. The hard part may be deciding what you most want or need.

 

An ideal use for your tax refund would be to put it toward your vehicle – whether it’s the vehicle you currently drive or one that you need. Here are a few ways that you can use your tax refund to help you with a vehicle: 

 

Make Repairs and Upgrades

 

You might love your car, but it might need a new air conditioner. Or you the seats might have staining or tears that make the interior look a little worse for wear. You can put your tax money toward making repairs and upgrades on your vehicle to make it perform as it should and look as good as new again.

 

Depending on how much you have and what you want to do, you might even consider making some stylistic upgrades, like giving it a new coat of paint or getting a premium sound system. 

 

Pay Down Your Loan

 

Even the most affordable car payments are a lot of money. If you could get rid of your car payment or reduce it, you would have significantly less strain on your monthly budget, and you’d free up money to do other things each month. 

 

Consider using your tax refund to pay off some or all of your vehicle loan. If your lender won’t lower your monthly payments but just takes the amount off the premium, at the very least you know that you will pay off your car sooner and will have fewer days ahead of you with a car payment. 

 

Get a New Car

 

If your car is just getting old and needs too many repairs, or if you are just ready for a new ride, consider using your tax refund to finance a new car. Depending on the amount of the refund and the type of car you are looking for, you might be able to use the refund to outright buy an affordably priced used vehicle, or you might be able to use it for a down payment. Remember that the larger your down payment, the more affordable your monthly payment will be. 

 

Visit The Yes Guys in Portsmouth today to browse our selection of quality, previously owned vehicles at affordable prices. We can help you find a gorgeous vehicle that will give you great performance for years to come, and we can help you get the right financing terms to fit your budget. With a down payment, you can bring your monthly payment and interest rate even lower. You can get pre-approved for financing online, or we can talk you through your options in our service room. Visit us today to find your next vehicle and to get the right financing terms for your budget. 

 

What to Look for In a Pre Owned Vehicle

Many people have a strong opinion about whether they want to buy a new vehicle or a pre-owned vehicle. Some people assume that pre-owned vehicles are not reliable, or they are not as good as buying new. However, buying a pre-owned vehicle actually has a lot of advantages over buying a new vehicle; you just have to know what to look for in a pre-owned vehicle. Learn more about the advantages of buying pre-owned, as well as what to look for in a pre-owned vehicle below. 

Advantages of Buying a Pre-Owned Vehicle

Buying pre-owned can be a great decision for many people. Check out some of the advantages of buying a pre-owned car right here. 

  • It is more affordable than buying a new vehicle. 

  • There are not as many hidden fees when buying used. 

  • Your pre-owned vehicle will not depreciate as quickly as a new vehicle. 

  • You can have a lower insurance premium with a used car. 

  • You can have lower registration fees for your vehicle. 

If you think that a pre-owned vehicle might be the right choice for you, learn more about what to look for in a pre-owned vehicle below. 

What to Look for in a Pre-Owned Vehicle

As discussed above, there are a lot of great reasons to buy a pre-owned vehicle. However, the key to buying pre-owned is to know what to look for. Below, you can check out some different things to consider when you are looking to buy a pre-owned vehicle. 

  • Nice Interior and Exterior – When you are first looking at a pre-owned vehicle, you will want to check the interior and exterior. You will want to look for dents and scratches on the exterior. A small scratch is not a big deal, but if there appear to be larger issues, you will want to consider these. Also, on the inside, you will want to check the interior for any issues like wear and tear. 

  • Mileage – Mileage is another factor to consider. However, it is not the only factor to consider. Many people assume that high mileage is a bad thing, and low mileage is a good thing, but it is more complicated than just that. Low mileage can be a good thing, but it does not necessarily mean the car is in good condition, whereas a high mileage car could have a lot of great years left in it if it has been and continues to be taken care of well. 

  • Good Vehicle History – It is also important to check out the vehicle history before you purchase a pre-owned car. Usually, there is nothing to worry about, but a vehicle history report could alert you of previous accidents or title problems. You can also look into the history of the vehicle to determine if there are any recalls on the vehicle. 

  • Mechanical Systems Working Well – Unless you are a mechanical expert, you will want to have a mechanic check out the used vehicle before you purchase it. Getting your potential vehicle inspected by a professional can help you have the peace of mind you want because it can help you determine that the vehicle is in good working condition. 

  • Enjoyable Test Drive – It is also important to test drive a potential vehicle purchase before you buy it. You can use this test drive to make sure everything is working as it should be, but you can also use this to see if the vehicle is a good fit for you. You do not want to purchase a vehicle that you hate driving. 

  • Price in Your Budget – You will also want to be sure you are getting a vehicle with a price that is in your budget. You can go online to look at the price of similar models to be sure you are getting a fair price for the vehicle. One major advantage of buying pre-owned is the affordability, but you still want to make sure the price is right for your life and your needs. 

The exact factors and features you want to look for in a pre-owned vehicle depend on your specific priorities. For example, for some people, the price is the most important factor because they are on a tight budget. For others, they want a vehicle that they truly enjoy driving. Another person might be looking for a specific feature or a specific brand of vehicle. However, all the factors listed above are things to consider when you are buying a pre-owned vehicle. 

If you need helping determining which pre-owned vehicle is the one for you, you can reach out to The Yes Guys. We have a wide selection of pre-owned vehicles, and we would be happy to help you find one that fits with your needs and your lifestyle. We can also get you set up with an auto loan that fits with your budget. Learn more about that below. 

Getting an Auto Loan for a Pre-Owned Vehicle

When you are looking to buy a vehicle, most people do not have the money to pay for that vehicle out of pocket. This means that they need an auto loan. Even when someone is buying a pre-owned vehicle, they often need an auto loan to make it affordable. 

Finding an auto loan can be tough for people who don’t have a good credit score, but The Yes Guys want to help. We offer auto loans to people with poor credit or no credit. We know that having a vehicle is essential for life for many people, so we work with people to help them get the auto loan that they need for their vehicle purchase. We will talk with you about your financial situation and help you come up with a plan that works for you. 

The Yes Guys want to help you get the pre-owned vehicle you need for your life, and we can help you do that by giving you an auto loan that fits with your budget. Reach out to us today to see how we can help you. Let us know if you have any questions about getting an auto loan, or questions about what to look for in a pre-owned vehicle.

 

Steps To Help Improve Your Credit

Steps to Help Improve Your Credit

You may need a new car – or you may just be tired of your old one and want something new – but you may be hesitating to shop because you know that you have poor credit (or no credit at all). Fortunately, you still have plenty of options to get the vehicle you need. The Yes Guys offers financing for those who have less than ideal credit, and we have affordable prices that make it easy to buy. 

To get the best financing terms and to have access to even more vehicles, it would be helpful to improve your credit as much as possible. Here are a few ways you can do that: 

Pay Down Balances

Even if you are paying your credit cards every month, if you have high balances, you will be hurting your credit. Your credit score takes into account your debt-to-income ratio, as well as the ration of your balance to your account limit. So if you have a $5,000 limit on your credit card but you have a $4,000 balance, that’s hurting you.

Pay down your balances so they are no more than 35 percent of your total account limit. You don’t have to pay them off completely to help your credit – just pay them down. 

Pay Everything on Time

You may not be able to pay off your balances or even to lower them, but you can improve your credit score just by paying everything on time. That means everything – including your phone bill, your house payment, your gas cards, and anything else that gets reported to your credit. Maintain a consistent history of on-time payments and you will bring your credit score up slowly. 

Open a Secured Card

You may not be able to convince a bank to give you a credit card, but you may be able to get a secured card, which is banked by money in a checking or savings account. Typically, the limit would be matched to the amount you have in the account. The bank is more likely to approve you since you have the funds ready in case you default. 

Paying toward a secured credit card and keeping the balance low can help you improve your credit score over time.

Keep Applications to a Minimum

If you start applying for a bunch of credit cards or other lines of credit, that can signal to financial institutions that you are having money problems and are trying to get back on borrowed funds. That will seriously hurt your credit score. You can protect your credit by keeping your applications to a minimum. Only apply for credit if you absolutely must. 

Having a low credit score doesn’t have to keep you from getting the car or truck you need. Follow these tips to improve your credit score, and visit The Yes Guys in Portsmouth to learn about our generous financing offers. We work with people who have lower credit scores, and we may be able to find terms that fit your budget. Explore our selection of vehicles online now, and apply for pre-approval.

 

Bad Credit? No Problem!

Bad Credit? No Problem!

Are you worried that your credit score will stop you from getting the auto loan that you need? The Yes Guys are here to help. We know that people need vehicles to get to work and do everyday tasks. We know that vehicles are an essential part of your life no matter what your credit history is, so we work with you to help you find an auto loan even if you don’t have the best credit. 

We Work with All Types of Credit

Many people think if they have bad credit or no credit, they cannot get any kind of auto loan. This is not true. The Yes Guys work with people with all different types of credit scores. 

A credit score is a number that lenders use to decide whether or not to give out a loan to a specific person. Credit scores can be determined in slightly different ways, but they are made up of a combination of the length of credit usage, payment history, and types of credit. Many lenders want to work with people with high credit, but The Yes Guys want to help people with all types of credit scores. Check out some of the types of people we work with below. 

  • Fair Credit –A common type of credit score is a FICO credit score. FICO credit scores exist between 300 and 850. A fair credit score under the FICO system is considered to be between 580 and 669. There are lenders that don’t want to work with people with this low of a score, but we are happy to work with people to help them find financing even if their credit is only considered ‘fair.’

  • Poor Credit – As discussed above, there are different formulas for credit scores, but if we are using the FICO numbers like above, a poor credit score falls in the rand of 300 to 579. A poor FICO credit score will mean that lenders are very hesitant to offer you a loan. However, The Yes Guys are willing to work with you even if you have what is considered a poor credit score. We know that your credit score is not the only factor to determine whether or not you can pay back a loan, and we are willing to work with you to help you get the auto loan that you need. 

  • No Credit – If you are a younger adult just out of high school or in college, you might not have had the opportunity to build any credit. People build credit by repaying debts like student loans, mortgage payments, or personal loans. People with credit cards are also building a credit score, but if you are young, you may not be doing these types of things. You may not have a credit score at all. Many people might think this is not an issue, but it can actually put some lenders off because they do not know if you will be a risk for a loan or not. A credit score helps lenders understand how you have utilized credit and made payments in the past, but if you don’t have that many people will not want to lend you money because they don’t have evidence you are a good risk. However, at The Yes Guys, we are will to work with people with no credit. We know that having no credit does not mean you will not pay your loan back. We know that your credit experience has to start somewhere, so we are happy to work with you to give you an auto loan that fits with your needs and your budget. Reach out to us today to learn more. 

Do you fall into one of the categories above? If you do, we can help you get the auto loan that you need. Reach out to us today to learn more.

 

We Will Buy Your Car - Trading in Your Vehicle

If you feel confused or overwhelmed by the vehicle trade-in process, we are here to help. Below, you can learn about the steps you can take to trade-in your vehicle and drive home with a new one. Also, if you have any questions about the process, you can reach out to us. 

The Trade-In Process

Below, we are going to take a look at the main steps in the trade-in process so that you know what to expect when you want to trade your vehicle in. 

  1. Prep for the Trade-In – The first step in the trade-in process is not going to the dealership. Before you take your car in, you will want to do some of your own research on the value of the vehicle. Look online to see what people are offering for your vehicle make, model, and year. This research will help you ensure that you are getting a good deal. If you are looking to trade-in your vehicle to buy a new one, you will also want to look into getting pre-approved for financing before you go down to the dealership. This will involve filling out a form on the dealer’s website. 

  2. Take It into the Dealership – The next step of the process is to bring your vehicle to the dealership. However, when you bring the vehicle in to the dealership, make sure you have necessary documents like the title of the car. You will also want to bring in any extra sets of keys you have for the vehicle so that you are prepared. Once you arrive at the dealership, you can tell the salesperson you are there to trade-in your vehicle. 

  3. Dealership Evaluation Process – At this point, the dealership will evaluate your vehicle. They will start with a physical inspection of the vehicle, which includes checking out the engine, tires, brakes, and the general condition of the vehicle. The dealership will also get the vehicle identification number to check the vehicle history report online. 

  4. You Get an Offer – Next, the dealership will give you an offer for your vehicle. This offer will be based on the condition of your vehicle, the miles on your vehicle, and the price of similar vehicles. You can accept the offer right away, but you do not have to. You can get other offers, or you can negotiate the offer. 

Those are the basic steps of the trade-in process, but that might not cover every question you have about trading in your vehicle. Below, you can check out some frequently asked questions about trade-ins, and if you have any other questions, you can reach out to us. 

Can You Trade-In a Vehicle with a Car Loan? 

Yes, but it is important to understand how much you owe on the car loan and how much the vehicle is actually worth. 

How is the Trade-In Applied to a New Car Payment? 

The value of your trade-in can be subtracted from the price of the new vehicle you are buying. Then, you can have a loan cover whatever is left over. 

What Condition is My Vehicle in? 

Websites like Kelley Blue Book have four different categories for the condition of a used vehicle. These categories are excellent, good, fair, and poor. Excellent means there are no problems with this vehicle, and it needs no reconditioning. Good means this vehicle has a clean title history, and there are no major problems, but this vehicle may need some reconditioning before its sale. Fair condition means there may be some mechanical or cosmetic issues, but this vehicle is still in relatively good running condition. Poor condition means you have more than a few mechanical or cosmetic issues with the vehicle. 

What is the Fair Market Value of My Vehicle? 

The fair market value of a vehicle is how much a person would typically pay for the vehicle of that condition based on the sales of actual vehicles. 

If you have any other questions about trading in your vehicle, reach out to The Yes Guys because we would be happy to help!

 

Understanding and Calculating Your Car Payment

Vehicle financing can be overwhelming for someone who doesn’t know a lot about loans. Below, we will break down how vehicle financing works and how you can calculate your car payment. 

How Vehicle Financing Works

Most of us cannot afford to pay for a car with money from our pocket. A car is a large expense, and most of us don’t have thousands of dollars sitting around for a vehicle purchase. That is why many people finance their vehicles. Financing your car is another way of saying you get an auto loan. This loan will cover the price of your vehicle, and you will make monthly payments toward the loan until you have the vehicle paid off. For many people, calculating their monthly car payment is very important because they need to know how much they will spend on their vehicle every month. Learn more about the different factors that affect your monthly car payment below. 

What Factors Affect Your Car Payment? 

Your car payment is a certain amount of money you pay toward your auto loan every month, but how do you determine what that amount is? Your car payment is based on a few things like your total loan amount, the length of your loan term, the down payment, and the interest rate. Learn more about this below. 

  • Car Price – The price you intend to spend on your vehicle is the first factor to look at. This price is a large factor in determining your car loan and your monthly payment. 

  • Down Payment – Most people make a down payment on their vehicle so that their car loan can be slightly less than the price of the car itself. This down payment could be a certain amount of money you have saved, or it could be trading in your old car to use as the down payment. Once you have subtracted the down payment/trade-in from the price of the new car, that is the total amount of your loan.

  • Interest Rate – The next factor that goes into your monthly payment is your interest rate. When you get an auto loan, you are agreeing to pay back all the money you borrowed plus interest. You will pay a little bit of interest every month that you make a payment on your loan, but the interest will be included in your total car payment. 

  • Length of Loan Term – The last factor that goes into your car payment is the length of your loan term. Vehicle loans can range from three to six years, depending on the person and the price of the vehicle. The longer the loan term, the less your monthly payment will be, but you will also pay more interest over the course of the loan. A shorter loan term could give you higher monthly payments, but you will end up paying less interest. 

Those are the factors that go into determining your monthly car payment. Your total loan amount will be divided up into a monthly payment that is dependent on the interest rate and the length of the car loan term. 

However, if you are buying a vehicle, some dealerships will start by talking to you about what you would like your monthly car payment to be. They may start with what monthly payment you can afford and work backward to determine the price range of the vehicle you can afford. This option can work well, too, because it ensures that you will not have a higher monthly payment than you can afford. 

Do you have questions about auto loans and monthly car payments? You can reach out to The Yes Guys. We are happy to answer questions you may have about auto loans and to work with you to get the vehicle financing that you need. 

 

What is a Sub Prime Loan?

A car, truck, or SUV is a big purchase. It is one of the bigger purchases you will make in your life, so many people do not have the money to pay cash for a car. That is why auto loans are a good option for many people. But what happens if you do not have good enough credit for an auto loan? That is where subprime auto loans comes in; learn more about these below and why they might be a good fit for you. 

What a Subprime Loan Is

If you do not have a great credit score, you may struggle to get a loan for your vehicle. This can be hard because you need a vehicle to get around to go to work and to get through your daily life. A subprime auto loan could be the solution. This type of loan is built for those that do not have the best credit score or credit history. The Yes Guys offer options when it comes to financing with little or bad credit. We can help you get financing and get a vehicle today. 

How a Subprime Loan Works

There are specific lenders that specialize in subprime auto loans, and we are one of those lenders. To help someone get financing, we have them fill out some of their basic information, and we figure out the amount of money that we can offer them for a loan, as well as the interest rate that we can offer. We try to work with people regardless of their credit score and history, so reach out to us to see if we can help you. 

Why a Subprime Auto Loan Might Be Right For You 

Is a subprime auto loan right for you? This type of auto loan makes it easier for some people to get the financing they need to get a vehicle. Check out reasons why this type of loan might be right for you. 

  • Very Little Credit History – Are you a younger adult with little or no credit history? Your credit score is based on the credit you have had through your life, and if you haven’t had many if any sources of credit, your lack of credit may prevent you from getting a traditional loan. This is where a subprime loan may be beneficial. 

  • Previous Late Payments Have Lowered Credit – Another situation where someone may need a subprime loan is if they have some late payments that have lowered their credit score. Certain lenders to not want to lend to people with a credit score below a certain number. However, subprime lenders are more flexible about working with people because they know that things happen. 

If you have little or no credit, or you have credit that isn’t the greatest, a subprime auto loan might be the right decision for you. For many people, it is hard or impossible to take on daily life without a vehicle. That is why we want to help people get the financing they need to get the vehicle they need for their everyday lives. Reach out to us if you have any questions about financing your next vehicle.

 

What is Buy Here Pay Here?

What is Buy Here Pay Here?

Buying a car can be stressful for many people because it is a large purchase. Many people cannot afford to simply pay for a car out of pocket, which is why auto loans are very common for many people. However, to get a good auto loan, you need a good credit score, which many people do not have. However, there are other options when it comes to financing your car, and one of those options is a Buy Here Pay Here dealership. Learn more about this below to see if it might be a good fit for you. 

What is Buy Here Pay Here? 

Buy Here Pay Here financing is when you buy a vehicle and get financing for the vehicle at the same place. Instead of getting financing through a bank or private lender, you get financing through the dealership where you buy the car. This makes it a one-stop-shop when it comes to your vehicle, so it can be easier for many people. Buy Here Pay Here can also be good for people who may not have the best credit because many dealerships are willing to work with you so that you will buy the car from them. 

How does this Buy Here Pay Here financing work? Typically, if you are looking to finance through the car dealership, you will first need to get pre-approved for financing. You will go to the finance department of the dealership and fill out an application, which will determine how much the dealership is willing to lend you for a car purchase. After you have a number, the dealership will help you find a car within that budget range. 

Advantages to Buy Here Pay Here for Your Next Vehicle

There are several advantages to a dealership where you can buy a car and also get financing. Check a few of these advantages out below. 

  • One-Stop-Shop – When you use a Buy Here Pay Here dealership, you can go to one place to get what you need instead of going to a bank to get your loan separate. This can make your car shopping experience much more convenient. 

  • We Do the Work – Another advantage to choosing Buy Here Pay Here is that the dealership will do all the work for you. You don’t have to seek out banks and credit unions to get the loan you need, all you have to do is fill out an application and the dealership will do the rest. 

  • Faster Option – Since you are getting your vehicle and your loan at the same location, it can be a faster process. If you are in a rush to get a new vehicle, this could be a great option for you. 

  • We Help People with Poor Credit – Buy Here Pay Here can also be a great option if you don’t have the best credit. We understand that things happen and bad credit does not mean you are unable to buy a car. That is why we work with people to help them get the financing they need. 

As you can see, there are several advantages to choosing a place that is known as Buy Here Pay Here. We, The Yes Guys, are ready to help you get the financing you want for the vehicle you need. Reach out to us if you have any questions about financing your next vehicle.