Winter weather alert yesterday and today throughout the Denver metro area. Schools are shut, along with many businesses.
So you would imagine that our inventory is snowed over, and I'm writing this from home. Nope! We're open for business. We have inventory kept dry and inside on snowy nights so car, truck and suv buyers like yourself can still come in and view inventory.
Our one location is two blocks west of Wadsworth on Colfax (south side of the road) at 7800 W. Colfax Ave. If you've found your vehicle inadequate for winter driving or just needing to purchase a car, we'll be open for you. Call ahead for an appointment to test drive and we'll have the heater warmed up for your test drive!
Thanks! Staci at Mark's Auto Sales, 303-592-7725.
Thursday, October 29, 2009
Monday, October 26, 2009
Shopping for a car? Start online!
Hello car shoppers of the world and the Denver metro area!
Sometimes you have time to prepare for your car search, and other times you suddenly need a car. Working in the dealership, I've found customers who came to us with every situation, needing a car because their broke down or was wrecked, those who have been borrowing a car from a friend or family member and needed to give it back, and those who have become accustomed to planning their daily schedule around the bus schedule. Each customer ended up in the car that best suited their needs and budget.
While the car buying process can be intimidating, there are more resources online to start your search and learn more about your car dealer. I'll give you a tour of the Mark's Auto Sales site http://www.marksautosales.com and some of the features you may want to use to start the painless process of buying a car.
First, you can read or hear what our current customers have said by visiting our testimonials page. As I said, different customers had different automotive needs, yet they each found and were satisfied with Mark's Auto Sales and our buy here pay here financing. Read our Testimonials
You can also browse our inventory to find available cars, trucks and SUVs. From any of the vehicle pages you can also contact us. We get new inventory in each week, but don't wait too long; the car you're thinking about today, may be the car that someone else was thinking about yesterday, and coming back for, today! Browse Inventory
And you can get started from home by filling out your credit application online. Apply Online
Whether you've been weighing your options to buy, need to return that car on loan to your friend, or tired of planning your day around the RTD bus schedule, financing options are available with Mark's Auto Sales. We have special financing available for those who qualify. Our buy here pay here financing is also available which can get you in an auto loan if you have a job and down payment, even if your credit has hit some hard times.
Let MarksAutoSales.com be your first and last stop in your vehicle search!
Sometimes you have time to prepare for your car search, and other times you suddenly need a car. Working in the dealership, I've found customers who came to us with every situation, needing a car because their broke down or was wrecked, those who have been borrowing a car from a friend or family member and needed to give it back, and those who have become accustomed to planning their daily schedule around the bus schedule. Each customer ended up in the car that best suited their needs and budget.
While the car buying process can be intimidating, there are more resources online to start your search and learn more about your car dealer. I'll give you a tour of the Mark's Auto Sales site http://www.marksautosales.com and some of the features you may want to use to start the painless process of buying a car.
First, you can read or hear what our current customers have said by visiting our testimonials page. As I said, different customers had different automotive needs, yet they each found and were satisfied with Mark's Auto Sales and our buy here pay here financing. Read our Testimonials
You can also browse our inventory to find available cars, trucks and SUVs. From any of the vehicle pages you can also contact us. We get new inventory in each week, but don't wait too long; the car you're thinking about today, may be the car that someone else was thinking about yesterday, and coming back for, today! Browse Inventory
And you can get started from home by filling out your credit application online. Apply Online
Whether you've been weighing your options to buy, need to return that car on loan to your friend, or tired of planning your day around the RTD bus schedule, financing options are available with Mark's Auto Sales. We have special financing available for those who qualify. Our buy here pay here financing is also available which can get you in an auto loan if you have a job and down payment, even if your credit has hit some hard times.
Let MarksAutoSales.com be your first and last stop in your vehicle search!
Monday, October 5, 2009
Searching for a car on Craigslist?
So the internet has revolutionized the marketplace. Not just for cars but all consumer goods. Customers have opportunity to search, research, and make decisions before ever reaching a salesperson.
Now if you've been searching for a car, and need financing, you may be searching online, on what dealerships may have what you're looking for. With the growing popularity of Craigslist, many car buyers look here first on what is available.
Fastforward to the dealership. You've found a car or a dealership you want to visit, great! Do they have the financing to get you approved? Unfortunately most dealerships have fewer lenders available than they had a few years ago. With sub-prime banks staying on the sidelines, and more customers entering the sub-prime pool because of a couple late payments or collections, there are a lot of good people without a means for financing.
What now?
I've heard some customers say, "I'll use my downpayment to buy a cheap cash car, I'll look on Craigslist." Sure there are some cheap cash cars being advertised right now, for sale by their owners or dealers. But, how long will this be reliable transportation for you? You may strike it lucky, or you may be back searching for a car in six months. Maybe you have saved some money in that time, or else your money was sunk into that car.
Is this your only option?
Fortunately for you, it isn't! Buy Here Pay Here can still get you financing. Based on your job stability and your downpayment, you can get into a car, truck, van or SUV. At Mark's Auto Sales, with our buy here pay here program, we can finance a wide variety of inventory including Chevrolet, Ford, Chrysler, Honda, Jeep, Dodge, and Mitsubishi. The best part is you can repair your credit, because Mark's Auto Sales reports your on time payments to the credit bureaus. You may have purchased a car from a BHPH before, but they didn't report to the credit bureau.
While other salespeople at other dealership can only dream of getting everyone financed, we can. If you're hesitant that a bankruptcy, foreclosure or bad credit is limiting you from buying a car, and you're located in the front range Denver metro communities, be sure to contact Mark's Auto Sales. We've been in business for 26 years, have a professional sales staff, and would be glad to show your buy here pay here financing options.
Now if you've been searching for a car, and need financing, you may be searching online, on what dealerships may have what you're looking for. With the growing popularity of Craigslist, many car buyers look here first on what is available.
Fastforward to the dealership. You've found a car or a dealership you want to visit, great! Do they have the financing to get you approved? Unfortunately most dealerships have fewer lenders available than they had a few years ago. With sub-prime banks staying on the sidelines, and more customers entering the sub-prime pool because of a couple late payments or collections, there are a lot of good people without a means for financing.
What now?
I've heard some customers say, "I'll use my downpayment to buy a cheap cash car, I'll look on Craigslist." Sure there are some cheap cash cars being advertised right now, for sale by their owners or dealers. But, how long will this be reliable transportation for you? You may strike it lucky, or you may be back searching for a car in six months. Maybe you have saved some money in that time, or else your money was sunk into that car.
Is this your only option?
Fortunately for you, it isn't! Buy Here Pay Here can still get you financing. Based on your job stability and your downpayment, you can get into a car, truck, van or SUV. At Mark's Auto Sales, with our buy here pay here program, we can finance a wide variety of inventory including Chevrolet, Ford, Chrysler, Honda, Jeep, Dodge, and Mitsubishi. The best part is you can repair your credit, because Mark's Auto Sales reports your on time payments to the credit bureaus. You may have purchased a car from a BHPH before, but they didn't report to the credit bureau.
While other salespeople at other dealership can only dream of getting everyone financed, we can. If you're hesitant that a bankruptcy, foreclosure or bad credit is limiting you from buying a car, and you're located in the front range Denver metro communities, be sure to contact Mark's Auto Sales. We've been in business for 26 years, have a professional sales staff, and would be glad to show your buy here pay here financing options.
Wednesday, September 23, 2009
Casting Call for the Debut of Mark's TV
Casting Call for Mark'sTV
We're looking for current, new, and previous customers to debut on the first season of Mark'sTV. Your video may be on a future commercial, our website, or a showroom television.
Schedule to come in to make your audition tape today. Talk about your vehicle, about being a Mark's Auto Sales customer, or even show off your talent.
Call us at 303-592-7725 or staci@marksautosales.com to get onto season one of Mark'sTV.
What are buy here pay here car lots and how are they different from other car dealerships?
You may already be familiar with "buy here pay here" (bhph) especially if you are a current Mark's Auto Sales customer reading this. However if you are looking to buy a used vehicle, and haven't gotten a bank approval from a dealership, you may have been recommended to try a buy here pay here dealership.
The biggest difference, as you can tell by the name, a buy here pay here used car lot, has the financing in house. Instead of arranging your lending with a bank, your loan is with the car dealership itself. Similar to a bank, the buy here pay here dealerships will have underwriting procedures and collectors to help keep your payments in line. With the advent of software such as AutoZoom for bhph used car lots, credit risk can be measured. Many dealers will also have their sales staff help the customer budget what they can afford for a monthly payment.
Mark's Auto Sales has been a buy here pay here dealership in the Denver Metro Area since 1983. While there has always been a customer base searching for bhph financing, we have seen an uptick as banks have moved away from their subprime lending programs. Unlike many bhph car lots which only report to the credit bureau when your payment falls behind, we will report all your payments, including your on time payments. This has allowed our repeat customers through the years establish positive automotive credit history. This positive credit history will help the bank towards an approval.
If you're tired of waiting for an approval, and in the Denver metro or front range, don't wait, contact us directly at sales@marksautosales.com or 303-592-7725
The biggest difference, as you can tell by the name, a buy here pay here used car lot, has the financing in house. Instead of arranging your lending with a bank, your loan is with the car dealership itself. Similar to a bank, the buy here pay here dealerships will have underwriting procedures and collectors to help keep your payments in line. With the advent of software such as AutoZoom for bhph used car lots, credit risk can be measured. Many dealers will also have their sales staff help the customer budget what they can afford for a monthly payment.
Mark's Auto Sales has been a buy here pay here dealership in the Denver Metro Area since 1983. While there has always been a customer base searching for bhph financing, we have seen an uptick as banks have moved away from their subprime lending programs. Unlike many bhph car lots which only report to the credit bureau when your payment falls behind, we will report all your payments, including your on time payments. This has allowed our repeat customers through the years establish positive automotive credit history. This positive credit history will help the bank towards an approval.
If you're tired of waiting for an approval, and in the Denver metro or front range, don't wait, contact us directly at sales@marksautosales.com or 303-592-7725
Tuesday, September 15, 2009
Time to trade in or is it?
Acting in both a finance and marketing role at Mark's Auto Sales, I find that several times a month we are trying to structure a car deal with a customer that has a trade in that they have not yet paid off. Sometimes the customer has equity in this vehicle, and have a low pay off, such that their trade works to their advantage in purchasing their next vehicle.
On the other hand however, I see customers who are eager to get a new car, yet have negative equity in their vehicle. Because they owe more on their trade, than the vehicle is worth, the pay-off balance must be paid for in their next car purchase. Often times, these customers eager to trade in a car they are still paying on are looking for a lower payment. A lower payment may be possible if a customer has improved their credit such that they can qualify for a better interest rate with a bank. A lower payment may also be possible if the customer is trading in their vehicle for one at a lower price than their first loan. Often times however, customers are eager to trade in this vehicle for something newer, with lower mileage, and do not have any additional money down. As the banks are selective in approving auto loans, with a limited amount of credit to extend, these customers often find it difficult to make their purchase.
Therefore, I would like to extend some advice to the customer looking to trade in their vehicle. First of all, understand how the term of the loan relates to paying off principle on the loan. Lets imagine two identical cars being sold for the same financing amount, lets say $9999, with a 7% interest rate. One customer gets a loan for 36 months (3 years) and their payment is $336 per month. The other customer gets a loan for 60 months (5 years) and their payment is $214 per month. Now imagine in 18 months after the sale, they both want to trade in their cars. The first customer with a higher monthly payment over a shorter term loan, will have more equity in their vehicle and will more likely avoid having negative equity on their trade. The second customer however has paid off less of the principle balance of their loan, because their loan was paying off the principle over a longer term.
So what if you're the second customer? You have a loan for a long term of 5, 6 or 7 years, and you don't imagine you want to keep driving this car forever, what can you do? If your budget allows you to pay an additional $20, $50, $100 or more per month with your car loan... do it! This will pay down the principle balance (the amount financed) of your loan. Not only will this reduce the total amount of interest you are paying during the loan (when your payments are on time), but will help you avoid negative equity in your loan. The more of your vehicle that you have paid off, the less you subsequently owe on your loan. When your vehicle is worth more than you owe, then you've avoided the negative equity dilemma.
So you may be wondering if there are any other ways that you can avoid having negative equity besides, shorter terms and paying off principle. There are a couple other things for you as a customer to consider. Try not to "bite off more than you can chew." If a finance director is trying to get you a loan so you can get a car and increase their sales, but the payment is still high over a long term loan, consider your options for a vehicle with a lower selling price. Always know your budget, and what you can afford before you start your loan documents. If you already have a lot of debt obligations with rent, child support, insurance, utilities, it is important to know exactly what is left for the car payment.
These are a couple considerations that I hope you will take into account if you ever consider trading in your vehicle that you may not have paid off. Mark's Auto Sales's buy here pay here program does assist our customers to "graduate" and trade in their vehicle for an "upgrade" when they have had on time payments for a minimum of 18-24 months depending on their vehicle and loan. Additional downpayment and a good payment history with a Mark's Auto Sales buy here pay here loan, has assisted customers get into a nicer newer vehicle and avoid having negative equity in their first loan. Please give us a call (303-592-7725) if you are a current or prospective customer and need any assistance with your next vehicle.
Thanks,
Staci @ marksautosales . com
On the other hand however, I see customers who are eager to get a new car, yet have negative equity in their vehicle. Because they owe more on their trade, than the vehicle is worth, the pay-off balance must be paid for in their next car purchase. Often times, these customers eager to trade in a car they are still paying on are looking for a lower payment. A lower payment may be possible if a customer has improved their credit such that they can qualify for a better interest rate with a bank. A lower payment may also be possible if the customer is trading in their vehicle for one at a lower price than their first loan. Often times however, customers are eager to trade in this vehicle for something newer, with lower mileage, and do not have any additional money down. As the banks are selective in approving auto loans, with a limited amount of credit to extend, these customers often find it difficult to make their purchase.
Therefore, I would like to extend some advice to the customer looking to trade in their vehicle. First of all, understand how the term of the loan relates to paying off principle on the loan. Lets imagine two identical cars being sold for the same financing amount, lets say $9999, with a 7% interest rate. One customer gets a loan for 36 months (3 years) and their payment is $336 per month. The other customer gets a loan for 60 months (5 years) and their payment is $214 per month. Now imagine in 18 months after the sale, they both want to trade in their cars. The first customer with a higher monthly payment over a shorter term loan, will have more equity in their vehicle and will more likely avoid having negative equity on their trade. The second customer however has paid off less of the principle balance of their loan, because their loan was paying off the principle over a longer term.
So what if you're the second customer? You have a loan for a long term of 5, 6 or 7 years, and you don't imagine you want to keep driving this car forever, what can you do? If your budget allows you to pay an additional $20, $50, $100 or more per month with your car loan... do it! This will pay down the principle balance (the amount financed) of your loan. Not only will this reduce the total amount of interest you are paying during the loan (when your payments are on time), but will help you avoid negative equity in your loan. The more of your vehicle that you have paid off, the less you subsequently owe on your loan. When your vehicle is worth more than you owe, then you've avoided the negative equity dilemma.
So you may be wondering if there are any other ways that you can avoid having negative equity besides, shorter terms and paying off principle. There are a couple other things for you as a customer to consider. Try not to "bite off more than you can chew." If a finance director is trying to get you a loan so you can get a car and increase their sales, but the payment is still high over a long term loan, consider your options for a vehicle with a lower selling price. Always know your budget, and what you can afford before you start your loan documents. If you already have a lot of debt obligations with rent, child support, insurance, utilities, it is important to know exactly what is left for the car payment.
These are a couple considerations that I hope you will take into account if you ever consider trading in your vehicle that you may not have paid off. Mark's Auto Sales's buy here pay here program does assist our customers to "graduate" and trade in their vehicle for an "upgrade" when they have had on time payments for a minimum of 18-24 months depending on their vehicle and loan. Additional downpayment and a good payment history with a Mark's Auto Sales buy here pay here loan, has assisted customers get into a nicer newer vehicle and avoid having negative equity in their first loan. Please give us a call (303-592-7725) if you are a current or prospective customer and need any assistance with your next vehicle.
Thanks,
Staci @ marksautosales . com
Tuesday, September 8, 2009
Mark has gone crazy! He's having another Super Liquidation Sale!
Mark's Auto Sales, the home of the true buy here pay here financing, is bringing back the Super Liquidation Sale September 10-12th due to popular demand! This sale will feature most of our inventory at $1 down plus state and local taxes**. We are the bank and you can get approved! Our buy here pay here lot can help you get financed even if you have bad credit, a bankruptcy or foreclosure. There will be entertainment for the children, free hot dogs and soda, music, a free spin on our prize wheel and other giveaways. Don't wait, inventory is sold on a first come, first serve basis. This sale will occur at our Lakewood store located at 7800 W. Colfax Ave. The Commerce City location will be closed during the sale.
**WAC, WAD, WSS, Stock #P05133, semi monthly payments at $175 @ 19.99% APR
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