Car Factory North
Car Factory South
Car Factory North
Car Factory South
The different types of places to find cars for sale include franchise dealerships, used car dealerships, & private individuals.
The advantages of buying a used car from a dealership include going to one place with a variety of options, and being able to test drive a large selection of unique vehicles, as well as having more peace of mind that a car dealership did a FULL vehicle evaluation.
Find used cars for sale at a Car Factory location in Oklahoma.
The world of car buying has shifted dramatically over the past decades. Prospective buyers have many options when it comes to buying used vehicles. It can be hard to decide where to start looking for your next used car, since there are so many places selling a variety of brands. You might think that private sellers are the only ones who sell used vehicles, but there are actually many dealerships who do as well. And there are actually benefits that come from buying used cars from dealerships.
Types of Used Car Dealers
There are actually three different types of places that sell used cars. Each one of them has their own pros and cons. From the official franchise dealers, to private sellers, it's important to do your research when looking to buy a used vehicle.
Franchise Dealerships
Franchise dealerships are the official outlet for sales of new, used, and certified pre-owned vehicles. Every certified pre-owned vehicle sold goes through a rigorous inspection and refurbishment process to help you feel safe buying a pre-owned vehicle. Therefore, you can buy a certified pre-owned car from a franchise dealership knowing that it was inspected and repaired with genuine parts, by professional mechanics. These dealerships also sell used vehicles that do not go through the inspection, but are typically less expensive. The used and pre-owned vehicles from these dealerships are usually from trade-ins or from people buying new cars. This means that the used cars they sell are typically newer, with few mechanical problems. Financing can be much easier as well since the dealerships have long standing relationships with creditors.
The downside to all of these perks is that typically certified pre-owned cars from a franchise dealership can be more expensive compared to private sellers and used dealerships.
Used Car Dealerships
Used car dealerships are the place to go for a huge variety of used cars. Since their focus is entirely on used cars, trucks & SUVs, they will have the biggest selection and generally, some of the lowest prices. Each and every used car dealership has their own unique inventories from a wide variety of years, makes, and models. If you aren’t sure what exactly you’re looking for, a used car dealership is the place for you. Used car dealerships typically aren’t tied to any manufacturer. However, most branded dealerships will have a used car dealership attached to their lot. Not being directly tied to a car manufacturer allows used dealers more freedom in providing more competitive options for their customers.
The disadvantages of buying from a used car dealership is that you lose many of the peace of mind perks that come with buying from a franchise dealership. However, they can offer much more competitive pricing as well as more financing options.
Private Individuals
Purchasing from a private individual can be the most cost effective option for buying a used car. They don’t have the overhead expenses that dealerships do, allowing them to offer the best possible price for a vehicle. Looking for a used car from a private seller can be a lot more work. Additionally, making sure that the vehicle is in good condition, and has a clean title can be a bit more challenging. There are plenty of opportunities to find some unique and special cars from private sellers though.
Buying from a private seller means you run the risk of no inspections or warranties. You have to trust that the seller has been honest about the car as well as maintained the upkeep on the car. Additionally, private sellers usually only take cash payments. But unlike dealerships, they may also consider trades. Buying from a private seller offers you much more flexibility in some areas, but also increases your risk in others. It’s important to do lots of research before buying from a private individual.
Top Reasons To Buy From A Used Car Dealership
There are advantages and disadvantages to buying from an individual or a franchise dealership. You can either pay more for peace of mind, or get a better deal with the risk of something being wrong. However, buying from a used car dealership offers some of the benefits of both, while also minimizing the negatives. You can go to one place with a variety of options, and test drive a large selection of unique vehicles. Unlike buying from a private individual, you are given financing options from professionals. Buying from a used car dealership can help give you a bit of that peace of mind back, as they typically only provide cars of a certain quality. They usually have on site mechanics that fix up the cars, just like a franchise dealership/ A used car dealership is one of the best options when it comes to buying a pre-owned vehicle, as it allows for flexibility, and peace of mind without sacrificing a good deal.
Buy Your Next Used Car From Car Factory
If you are looking to begin your search for a new used car, Car Factory is the perfect place to go. We are locally owned and operated in Oklahoma City. We are proud to showcase a massive variety of used cars for sale. Our highly knowledgeable team is prepared to help you find the perfect used car to fit your budget. With plenty of flexible financing and payment options, we want to ensure that you can find a used vehicle that’s perfect for you! You can start your journey by browsing our online inventory, or visiting one of our two convenient locations. A reliable and stress free car buying experience is just a click away!
Contact Information
CAR FACTORY SOUTH:
2430 SW 29th St, Oklahoma City, OK 73119
PHONE:
(405) 605-4277
CAR FACTORY NORTH:
4200 NW 39th St, Oklahoma City, OK 73112
PHONE:
(405) 606 2255
A buy here pay here car dealership is when a car dealership extends credit to purchases of their cars. Car Factory is a buy here pay here car dealership
A buy here pay here car dealership is beneficial for those who have bad credit & are looking to improve their credit score.
Car Factory Group is a buy here pay here car dealership in Oklahoma City, OK with 2 locations.
Securing approval for an auto loan can be challenging at times. Fortunately, buy here pay here dealerships provide in-house financing alternatives. This proves beneficial for individuals facing difficulties in obtaining a conventional auto loan due to credit history or other factors. These dealerships are also an excellent choice for those seeking a straightforward and uncomplicated buying process.
Buy Here Pay Here Dealership Benefits
Considering a used car purchase with poor credit? A buy here pay here car lot might be a viable option. Unlike conventional dealerships, buy here pay here auto dealers handle the car financing internally, eliminating the need for a bank or third-party lender. For prospective used car buyers, thorough research is crucial before finalizing any purchase. Here are the benefits of purchasing a car, truck, or SUV from a buy here pay here car lot.
Easier Car Loan Approval
A key benefit of purchasing a vehicle from a buy here pay here dealership lies in its streamlined approval process. These dealerships focus on offering financing solutions for individuals with poor or no credit history, resulting in a typically straightforward and expedited approval process compared to a traditional auto loan.
The Auto Loan Process Is Simple
The popularity of buy here pay here dealerships is largely attributed to the uncomplicated approval process. Offering a straightforward buying experience, these car lots prove to be an excellent choice for individuals in urgent need of a used car. In contrast to traditional auto loans that often entail a prolonged approval procedure and demand a high credit score, buy here pay here dealerships usually have lower credit requirements and can provide instant approvals. It's the simplicity of the buy here pay here process that renders it an attractive option.
Increase Your Credit Score
Admit it or not, used cars come with a more budget-friendly price tag compared to brand new ones. Nonetheless, there's an opportunity to enhance your credit by consistently making timely payments. Furthermore, when you discover the perfect vehicle at a buy here pay here dealership, you can ensure that you don't strain your finances excessively. Opting for a car on which you can make punctual payments allows you to secure dependable transportation and, in the course of doing so, improve your credit score through timely payments.
Tips to Maximize Your Used Car Buying Experience
Discover a few strategies to enhance your readiness when dealing with a buy here pay here car lot. With the right tactics and choosing a reputable dealership (like Car Factory), securing approval for a car that suits your situation becomes a straightforward process.
Check your Credit Before Going to Buy Here Pay Here Dealerships
Examine all the possibilities available when considering the purchase of used cars. Prior to reaching a decision, invest some time in assessing your credit score to gauge your standing. Obtaining a copy of your credit reports is also advisable to identify and rectify any errors or inaccuracies before applying for a loan. By following these measures, you can gain a clearer understanding of your choices and make a well-informed decision when it comes to the purchase of a used car.
Get A Co-Signer
Securing approval for a car loan can be facilitated by having a co-signer, especially when buying a used car from a buy here pay here car lot. Numerous traditional auto lenders permit you to apply for an auto loan with a co-signer, enhancing your likelihood of approval. Whether you're a new driver or facing credit challenges, having a co-signer can assist you in meeting your payment obligations. If the option to acquire a co-signer is available to you, it's highly recommended!
Car Factory Group In OKC Is A Buy Here Pay Here Car Dealership
So, now you know what a buy here pay here dealer has to offer, You may ask, why shop with Car Factory Group? Well, we have numerous used cars for sale, warranties, and an enjoyable buying experience. We want to see you in one of our best used cars, so get pre-approved today! Stop by, send us an email, or give us a call. We have specialists that can answer your questions and lead you in the best direction for success.
Contact Information
CAR FACTORY SOUTH:
2430 SW 29th St, Oklahoma City, OK 73119
PHONE:
(405) 605-4277
CAR FACTORY NORTH:
4200 NW 39th St, Oklahoma City, OK 73112
PHONE:
(405) 606 2255
There are many important factors that contribute to the price of a used vehicle including year, and mileage.
The best selling used cars include iconic brands like the Ford F-150, the Honda Civic and the Toyota Rav4.
Find a huge selection of used cars for sale at a Car Factory OKC in Oklahoma.
Buying a new car can be out of reach for a lot of people on a limited budget. Thankfully the used car market is full of unique vehicles at affordable prices. In fact, according to analysis from Cox Automotive, they estimate that 35.9 million used vehicles were sold in 2023. You can find nearly any make and model, from cars with only a few thousand miles to ones with over 200,000. With millions of cars to choose from, it can seem overwhelming to filter through and find the best options. There are actually a few factors you should consider that can help determine if you are getting a good value on a used vehicle.
What Determines Used Car Value
There are many factors that go into determining a used car’s value. You often won’t find one number, but instead a reasonable price range based on a variety of different circumstances. One of the main things you have to consider when looking for a used car is how much that vehicle has depreciated, or lost value over time. Every new car will begin to depreciate the moment it is driven for the first time, some more than others. Calculating how much a vehicle depreciates, and what it is currently worth, requires considering factors from mileage and age to the brand and accident history.
Age Of The Vehicle
Age is one of the main factors that can heavily affect the value of a vehicle. As previously mentioned, a new car will begin depreciating immediately after it is driven for the first time. You may think that the older the car, the less valuable it is, but that isn’t always the case. Sometimes a car actually increases in value after a certain age when it’s considered rare or an antique.
Make & Model
The brand of a vehicle can have a surprising effect on how well it holds its value over time. Some of the most popular car brands like Toyota, Ford, and Jeep can see specific models with impressively low amounts of depreciation due to their long lasting popularity. Manufacturers will even stop producing popular models, or develop them into a new model and it has the effect of making the original model more rare.
Car Mileage
You may think that a car’s age will directly correlate with the mileage, but this isn’t always the case. A vehicle can be decades old with less miles than a car half its age, it all depends on how much it was driven. Checking the mileage is one of the most surefire ways to determine how much a car is worth. You can then compare it to similar models and see how much longer the car is expected to last. Some makes and models will be considered “high mileage” after only about 13,500 miles, while others can last long past 100,000 miles with proper maintenance.
Condition Of The Vehicle
Of course, the condition of the vehicle is one of the easiest factors to take into account. Everything from torn seats, to dents in the hood are things to consider. Some things like major dents, or broken mechanical features can have a major effect on the selling price of the vehicle.
Maintenance & Accident History
A car that has been in a serious or significant accident has a much lower selling price no matter how much you restore and repair it. Some people may even ask for a third party accident report just to confirm that the vehicle has not been in any major accidents. In addition to accident history, how well the car has been maintained is another thing to consider. With the proper maintenance, cars will last a lot longer than ones that receive minimal or no maintenance at all.
Economic Conditions
The used car market fluctuates every year based on a variety of factors. The market can be vastly different based on the country, state, and even city you are buying or selling in. Sometimes due to any number of economic factors, the price of used cars will be unusually high. This may be great for someone selling a used car, but adversely hurts someone trying to buy a used car. Typically the overall health of the economy correlates to the strength of used car markets.
Top 10 Best Selling Used Cars & Trucks
Now that we have a good understanding of what factors go into determining used car values, let’s take a look at some of the most popular used car brands. These brands have earned their spot on this list for a variety of factors. At the end of the day, each model provides something that attracts millions of car buyers every year.
Ford F-150
The Ford F-150 has long been the best selling truck and one of the best selling vehicles in the world. It may come as no surprise then that it makes up 3.3% of the 9.2 million used car sales examined. The F-150 retains its number one spot again in 2023, but rising gas prices may cause it to lose its crown in the future.
Chevy Silverado 1500
Another American pickup truck tops the list at number two, but this time from Chevrolet. The Silverado and F-150 have long battled for market share in the pickup market. The Silverardo makes up about 2.6% of the 2018-2022 model year used car sales mix, still lagging behind the F-150. Again, with gas prices rising, it seems like the Silverado’s days in the second place spot may also be numbered.
Chevy Equinox
Number three also goes to a Chevy vehicle, but this time it’s their SUV. The Equinox made up about 2.1% of the used car sales in 2023, only down .1% from 2022. The cheap price tag and good reliability have made this car a popular choice for years now.
RAM 1500
The third pickup truck on this list is The RAM 1500. It was able to capture about 2.1% of the used car sales market putting it just behind the other two American trucks on this list. Like the other two, the RAM 1500 is going to struggle in the rankings if gas prices continue to rise in the future.
Toyota Camry
The first of many Toyotas on this list is the iconic and ever dependable Camry. Toyota vehicles have always been known for their impressive build quality and reliability. The Camry made up about 1.8% of the used market, and their high fuel economy will help them stay on top of the list as other gas guzzling vehicles struggle.
Honda Civic
Much like the Camry, the Honda Civic is an iconic model known for its unbelievable reliability and build quality. The sporty design and drivability make it a popular choice, making up about 1.7% of the market. The Civic has been on this list for a while and it is unlikely to drop off any time soon.
Toyota RAV4
Toyota’s second vehicle on this list is their very popular SUV. The iconic name recognition has allowed it to see more sales every year for decades now. Used Toyota RAV4 sales makes up about 1.7% of the used car market thanks to its dependability and sporty design. The RAV4 is another vehicle that will probably remain on this list for years to come.
Toyota Corolla
Right behind the RAV4 is Toyota’s compact sedan. The Corolla is one of the only vehicles in its class on this list but impressively still makes up 1.5% of the used market sales. Like the other Toyota models on this list, the Corolla is most likely going to stick around for a while.
Ford Explorer
The Ford Explorer is a popular choice and makes up Ford’s only other entry on this list. It has seen a significant increase over the past few years jumping up from the 11th spot on the list. Making up 1.5% of the overall used car sales, the Explorer also lands in 3rd place in used SUV sales making up 3.4% of the market.
Nissan Rogue
Nissian’s only spot on this list is given to their SUV, the Rogue. Nissan has long been known for their affordable and reliable vehicles. However, it did fall from the eight spot down to ten, but the new models are hoping to help out. The Nissan Rogue still did make up 1.5% of the used car sales though.
Buy A Used Car For Sale At Car Factory In OKC
Buying a used car can be a long and complicated process. Every vehicle has its own unique set of qualities that can each affect the price in different ways. At Car Factory in OKC, we have done all the hard work for you. We find great used cars and determine the best possible price for them based on every factor listed here and more. We have a large and diverse selection of popular used car models, and our friendly and experienced staff will help you find the right car at the right price. To start your search, visit our website to browse our used inventory. Don’t forget to stop by in person to test drive one for yourself, or to ask one of our team members questions you may have about a used vehicle.
Contact Information
CAR FACTORY SOUTH:
2430 SW 29th St, Oklahoma City, OK 73119
PHONE:
(405) 605-4277
CAR FACTORY NORTH:
4200 NW 39th St, Oklahoma City, OK 73112
PHONE:
(405) 606 2255