Millennials are known for many things, but one thing you might not know is that used cars are becoming more and more popular among younger generations. Why should millennials buy used? While cost and savings are always important, many millennials realize that modern cars are highly reliable. Thanks to financing, leasing and certification options, used cars are especially practical.
According to Auto City, Millennials should consider buying used vehicles for the lower cost. Median income is down about 21 percent, which means large monthly payments and down payments are out of the question. The average new car is over $33,000, while the average used car is just $20,000. That means used cars are the clear winners in terms of savings.
Additionally, many Millennials aren’t afraid to shop the
internet and use apps to their advantage. Sites like CarFax can easily provide
you with a vehicle history report as long as you have the VIN, which means
there’s less guesswork when buying used.
Also, consider buying used for lower depreciation and better
financing. New cars can lose up to 40 percent in their initial value over the
first 3-4 years of ownership, which means used cars allow you to avoid that
initial dip in value. Plus, with a lower sticker price, you’ll often spend less
on financing — a bonus for anyone looking to avoid getting stuck with a big
Most car shoppers have a pretty good idea of what vehicle they are looking for when they start the shopping process. While some prefer the latest technology and safety defenses of a new vehicle, others prefer the affordability of a used one.
A current trend for consumers is cross-shopping for used cars, which involves comparing both new and used cars at the same time. According to Jumpstart Automotive Media, this trend is growing. Cross-shopping for used cars is up 19% when compared to last year. This is for both luxury and non-luxury segments. The jump in the luxury segment alone rose 36% when compared to last year’s statistics. Used cars are starting to rival new cars thanks to their value and solid build.
The survey also asked participants to share what they considered their most important shopping tools. At the top of the list for used-car shoppers was vehicle history, used car values, and financing options. Certified pre-owned shoppers wanted vehicle history, being able to search local inventory, and used car values. New car shoppers stated that searching local inventory, browsing expert car reviews, and researching vehicle information were some of their primary purchasing tools.
Let’s say you’ve had a vehicle for a few years, and now you’re ready to move on to something new. You probably want to go to a dealership and turn in your old ride to put the cost towards your next vehicle, but you might be unsure how the trade-in value of your old car will be determined. According to the experts at CarsDirect.com, different factors go into determining how much the dealer will pay for your vehicle such as:
The year of your car will play a big role in its trade-in value. Typically, older cars have less value than newer ones.
Make and model
Some brands and nameplates hold their value better than others. For example, sports cars will usually sell for more than a sedan from the same brand.
If your vehicle has been well-maintained and/or has low miles on the odometer, it will likely sell better than a more damaged car that has been driven a lot.
Some cars are just more popular than others. Dealers know that more popular vehicles will sell faster, so they’re willing to pay more from the get-go.
If you have a used vehicle and you’re wondering what kind of trade-in value you can get for it, don’t hesitate to contact us at Pollard Used Cars in Lubbock; we would be happy to assess your vehicle’s trade-in value.
When you drive a new car off the lot immediately after purchase, you automatically lose a significant portion of its value due to depreciation. This is one of the major reasons that so many drivers decide to buy used models—they do not suffer the same major depreciation that new cars do upon purchase.
But if you’re buying used at Pollard Used Cars in Lubbock, how do you know which car to choose? A common way to choose a solid used daily driver is to look at which models retain their value the best. Websites like Edmunds, KBB.com, and more hand out awards every year to models that have the fewest mechanical issues and retain their value the best over three to five year timelines.
Top Cars That Retain Value
If you’re in the market for a used sedan or a used coupe, you’ll want to consider some of the following models, which have frequently won retained value awards in the last few years:
Top Trucks, Vans, and SUVs That Retain Value
If you are instead looking for a used truck, used van, or used SUV, take a look at the list of the following models, which retain value better over the years:
Toyota FJ Cruiser
How to Retain Your Car’s Value
Want to ensure a better resale price down the road? Follow these steps to retain your car’s value:
Wash and wax it regularly, and store it in a garage.
Stay current with all maintenance.
Don’t smoke or keep trash in the car.
Drive it well, with minimal rapid acceleration and hard stops.
Valentine’s Day is right around the corner but there’s still time to plan the perfect Valentine’s date! While an evening’s activities will vary by the couple, dinner is certainly on the menu. Lubbock has quite a few great eateries that make a special occasion out of February 14th. We here at Pollard Used Cars have a few recommended Valentine’s Day places to visit in Lubbock, Texas.
Ohana Japanese Steak House – The family-friendly atmosphere of the Ohana Japanese Steak House makes for the perfect Valentine’s Day dinner date. Serving delectable dishes of sweet and sour food, the restaurant is widely regarded as the best sushi joint in Lubbock.
Stella’s – Originally founded in 1973 in New York, Stella Rizzo created a name for herself as one of the finest Italian eateries in the business. Her son moved the restaurant to Lubbock. It quickly became a local hotspot known for its live entertainment, Italian cuisine, and lounge area, all of which make for an unforgettable Valentine’s Day.
Harrigan’s Prime Grill – Created as a hangout for friends and family, Harrigan’s Prime Grill has grown to become one of the most welcoming restaurants in Lubbock. The friendly staff and warm welcome are just the appetizer to the incredible food!
Let us know if you have plan to use any of these ideas. All of us at Pollard Used Cars in Lubbock, TX would love to hear about it!
Texas comes in at the 12th most generous state which comes as no surprise since everyone knows that Texans have big hearts. Residents of the Longhorn state gave 3.59% of their total income to charity in 2012. That adds up to a whopping $15,897,192,000 total. Here are the top 10 most generous towns in Texas presented by us here at Pollard Used Cars.
Dallas-Fort Worth-Arlington took the top spot with 3.77% of the residents’ total income, which comes out to $5,265,147,000.
Houston-Sugar Land-Baytown gave $4,949,879,000 to charity in 2012.
Austin-Round Rock-San Marcos comes in with an impressive $1,216,197,000 in charitable donations.
San Antonio-New Braunfels is a major tourist hotspot which means a higher income. As a result, residents donated $1,030,949,000 to charity, equating to 3.29% of their total annual income.
Midland saw a massive $256,496,000 donated to charity, coming in at roughly 4.95% of the city’s total income.
Beaumont-Port Arthur residents donated a generous $186,517,000 to charity in 2012.
Tyler residents donated 5.53% of their income to charity, coming in with a total of $176,004,000.
El Paso gave 2.61% of its total income to charity and that adds up to a whopping $160,755,000 to charity.
Lubbock squeezed by Amarillo with a total contribution of $157,324,000 or roughly 4.46% of the total income.
Amarillo residents gave 4.88% of their total income, coming in with a total of $151,764,000 donated to charity.
We made it on the list, and it is not surprise to all of us at Pollard Used Cars in Lubbock, TX. We have so many nice people come to our dealership every day!
October is a delightfully spooky time of year. If you love getting your adrenaline pumping and getting your wits scared out of you, here are some of the best Lubbock Halloween attractions. These are sure to send a chill up your spine.
Nightmare on 19thThis is one of the best haunted attractions in the area. It has not just one, but four unique haunted houses, making it the only haunted theme park in the area. With the purchase of one ticket, you can go through Blood Moon Manor, The Wastelands, City of the Lost, and Clowntown 3D.
The Blackness Haunted House. In nearby Plainview, see if you have what it takes to conquer The Blackness in an abandoned produce factory haunted by old Dom.
At’l Do Farms. If you’re looking for something more family-friendly, head out to At’l Do Farms for a corn maze, cow train, corn cannon, and hay bale maze. After the sun sets, take a hayride to see over 150 expertly carved pumpkins.
Trapped! Escape the Room. For a thrill of a different sort, gather your best friends and see if you can solve the mystery and escape the room within an hour.
Which Halloween attractions are you planning to see around Lubbock, TX? Tell of us at Pollard Used Cars. We would love to hear about it!
Keeping a car up and running for years to come is easier in today’s world than ever before. Still, there are some things you can do to ensure your car lasts as long as possible. Here are 10 tips to make your used car last longer!
Maintain – The most obvious way to make your used car last longer is to properly maintain it. The oil and oil filter need changed on a regular basis but don’t forget about the other fluids and filters. Forgetting to change the brake fluid, for example, can lead to a totaled car.
Cool – The oil plays a role in keeping your car cool so be sure to attend to it regularly. The cooling system and coolant level should be maintained as well. If the engine gets too hot, it can literally melt.
Pressure – It can be easy to wave the tires off as something you can attend to later. Even so, make sure the tires are properly inflated. Doing so will increase the car’s fuel economy and offer improved handling and safety.
Warning – Keep an eye on the dashboard warning lights. Catching sight of a warning light or gauge is the easiest way to spot a problem.
Tune Up – Whether it’s a dealership or private mechanic, have your car checked up on every year or so to ensure it’s in proper working order.
Cover – Parking in a garage or under a cover will help preserve your car’s paint, ensuring it looks good on the road for years to come.
Clean – Regularly washing and waxing your car can help slow or completely stop cosmetic damage. Don’t forget the interior!
Drive – Having a lead foot is one way to drive while practicing good driving habits is another. The latter will reduce the amount of wear and tear and fuel used while on the road.
Schedule – Check your owner’s manual for the manufacturer-suggested maintenance schedule. Following it is your best bet to an odometer with six digits.
Inspect – Take a few minutes out of your day to walk around your car. Look for dings, dents, scratches, and other problems. Look closely at the tires and open the hood to see if you can spot any obvious problems.
If you want any more Used Car tips, stop by Pollard Used Cars in Lubbock, TX and we will help you out.
Summer is hot to us humans, especially here in Texas, so imagine how it feels to our beloved canine companions. Luckily there’s a way for both you and your lovable ball of fur to get cool this August. In case you haven’t heard, K-9 Splash Fest takes place within the coming weeks!
K-9 Splash Fest is essentially a pool party for dogs and is sponsored by the City of Lubbock Parks and Recreation Department. As you’ve likely guessed, this year’s wet event takes place at Clapp Pool located in Lubbock on August 14th from 1 p.m. to 5 p.m.
Owners and dogs alike can hop into the pool and swim a few laps – just make sure to keep a close eye on your canine! Dogs can compete in three different contests: Diving, Swim Suit Competition, and Retrieving, all of which are incredibly enjoyable to watch. Prizes are awarded in each event.
While dogs get in for free, owners must have proof of their canine’s vaccinations or tags and keep their pets on a leash. Dogs that are overly aggressive or in season will not be admitted to the K-9 Splash Fest event due to safety concerns.
Have further questions or concerns? Contact the event planners at 806-775-2670.