PARAGOULD, ARKANSAS (KAIT) --
Until mass transit really takes off here in Region 8 we still have to have vehicles to get to work in.
The question, is now a good time to buy a vehicle?
Recently we have told you about new car dealers closing their doors or dropping a line of cars they can sell.
Some dealers have turned to selling late model used cars to provide newer autos to those who are hesitant to purchase a new vehicle or can't afford to.
Where do these dealers fit into the auto markets?
"I usually buy new cars. "
Morris Collier just bought a pickup the other day. Even though he usually buys new, this time he bought used.
"The price of them has gone so high. And it was a nice clean automobile, it looked good and I'm not gonna be on any long trips, I'm just going to use it local. "
Bayird Motors located along Highway 49 just outside Paragould is catering to customers like Collier. Owner Keith Bayird says why.
"Well we had the high demand of people looking for low mileage late model pre-owned cars. "
Bayird keeps around 65 vehicles on his lot of various makes and models. Most of them are from rental fleets.
A big advantage to the buyer is that the maintenance history is known and the depreciation is already been paid.
Bayird, "Take a vehicle that's two - three years old you can save up to 40% of the cost. "
Next to your home, your car is one of the biggest investments you're going to make. So it pays to shop around, so a little time, a little patience and a little effort you may get that just perfect vehicle at a really good price.
Collier, "Well I got half the price and it's a good sound vehicle. "
Morris Collier considers himself a savvy vehicle shopper. He usually buys new but a red Chevy caught his eye.
"I just stopped by here and saw that Chevy pickup and asked the price of it and they sold it to me. "
Collier had been shopping for a while, he says he doesn't buy on the spur of the moment. He's also a person who keeps a vehicle for a long time.
"I've got an 04 Chrysler that's got a hundred and ten thousand miles on it. I'll be trading it in before long. And I'm looking at this Dodge van they got out here now.
Cost savings, warranty availability, service, all things to consider when buying a pre-owned vehicle, especially if you plan to keep it for a long time.
Bayird, "That's why people are going to buy used. These vehicles last longer, I mean we're seeing trade ins come in with a hundred thousand miles, two hundred thousand miles "
Bayird also says with producers cutting back getting the new car you want may be difficult. He says that even now cars are in somewhat short supply at auctions compared to a year ago.
As with every major purchase you need to shop around to get the best deal new or used and be prepared to ask questions. Check and see if the car you want has a Carfax history on it.
I have attached a link to some helpful tips on buying a used car.