Many of our Elkton, Maryland auto accident clients come to us with many concerns, one of the first ones being what to do about their vehicle. Since opening my office in Elkton, Maryland in 2014, I have noticed a higher percentage of vehicle accidents being more severe, and causing most of the vehicles to be a total loss. This means needing to replace the vehicle, and needing to do so with a limited amount of time, as most insurance companies will only pay for rental coverage for a few days, or up to a week following the payout on a total loss.
As an attorney who aims to be a broad resource for my clients, not only providing legal services, but providing trusted insight on businesses in the Elkton area that I have knowledge or experience dealing with. Among them, is Premier Auto Exchange on Rt 40 in Elkton. You may know their location as the site of the old KFC. Premier auto exchange began as a generational auto repair business, with 3 locations in Elkton and Newark, DE, and took that care for quality cars to the sales level, largely based on demand from their customers for repair work. This ongoing video/informational series will encompass a series of interviews and tips from the owner, and sales manager on important factors to consider when purchasing a used car, whether as a replacement for yourself or when buying as a first car for a new driver.
For your very first car, here are some key considerations from Premier Auto Exchange:
At Premier, we advise all car buyers to purchase a car that you can afford to pay off in 48 months. You don’t want to spend the next 6 years paying off a car. We suggest that you also put down 20% on the car to keep from getting upside down, where you owe more on the car than it is worth. You never want to be in the position of owing more than your car is worth. If you determine that you can afford a car, then make sure you enter the dealership prepared with “The Folder” of competitive car price quotes, or you’ll overpay by thousands.
The most important things to consider with your first car is safety and dependability. If you are going to buy a used car, be sure to do your research on the track record of the vehicles you are interested in. You should also consider purchasing a warranty on the vehicle for the term of the loan. The last thing you want is an expensive repair while still making payments. At Premier Auto Exchange we have a wide variety of warranties to choose from.
Please share this article, and book mark or subscribe to the page so you are alerted to upcoming editions of this series. For more information on our office, visit our website or facebook page. You can find Premier Auto on facebook, too. If you’re injured in an accident, call our office immediately at (410) 885-6200 before speaking to anyone else, especially the insurance companies!