News & Blog

How to Negotiate a Car Price

You've set your budget, researched thoroughly, and found a used car that piques your interest. The next step? Negotiation. Negotiating the price can feel intimidating, but it doesn't have to be a tense battle. By being prepared and informed, you can approach the car-buying process with confidence and get a great deal on your next vehicle.

 

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Motorvero

November 08, 2024

How to Buy a Car With Bad Credit

You've done your research, narrowed down your choices, and pinpointed the perfect used vehicle that fits your needs and budget. Now, it’s time to test-drive it and ensure it’s truly the right one. A thorough test drive can give you confidence in your purchase or highlight areas that need further negotiation. MotorVero provides this step-by-step guide to help you maximize your test drive experience and make a fully informed decision.

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Motorvero

November 08, 2024

5 Things To Do When Test-Driving a Used Car

When purchasing a used vehicle, the test drive is a pivotal part of the process. Whether you're dealing with a private seller or a dealership like MotorVero, you want to ensure that the vehicle you choose meets all your expectations for performance, safety, and comfort. This guide will walk you through everything you need to know for a successful test drive, providing peace of mind in your buying decision.

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Motorvero

November 08, 2024

Buying a Used Electric Vehicle

Unlike traditional used car transactions for crossovers or pickups, buying a used electric vehicle (EV) presents a unique opportunity to save money compared to purchasing a new model. MotorVero offers insightful guidance for those considering a shift to electric. Used EVs tend to be available even when the general used car market is inflated, with a 24% price decrease observed in 2024 compared to 2023. This significant drop is partly due to the steep depreciation rate associated with EVs, much like that of European luxury cars.

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Motorvero

November 08, 2024

Mercedes-Benz and PowerX Partner to Launch High-Power EV Charging Network Across Japan

In a groundbreaking move to accelerate electric mobility, Mercedes-Benz has partnered with PowerX to establish a high-power electric vehicle (EV) charging network across Japan. This strategic partnership aims to address the growing demand for EV charging infrastructure, contributing significantly to the expansion of electric mobility solutions and promoting sustainability.

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Motorvero

November 02, 2024

How Vehicle Manufacturing Fuels Growth in Industrial Production

Industrial production in March 2024 recorded an increase of 0.4%, aligning with market expectations and driven primarily by a significant rise in manufacturing output. Utility production, which grew by 2%, and mining, which declined by 1.4%, effectively balanced each other. February’s production growth was also revised upwards, from 0.1% to 0.4%, indicating stronger momentum in early 2024.

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Motorvero

November 02, 2024

How Old is Too Old? Choosing the Right Age for a Used Car

As car prices remain high despite a slight cooling from record levels, many drivers are turning to older used cars to meet their needs. However, the question arises: how old is too old when it comes to buying a used car? While there are no definitive rules for the age of a reliable vehicle, there are key factors to weigh before making a decision. This comprehensive guide will help you navigate the nuances of buying an older used car, ensuring your choice remains safe, cost-effective, and suitable for your needs.

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Motorvero

November 02, 2024

2022 Honda Insight: Find the Best Trim for Your Needs

The 2022 Honda Insight is a fuel-efficient, hybrid-powered compact sedan that comfortably seats five passengers. Based on the popular Honda Civic, it offers a smooth driving experience and impressive fuel economy—up to 55 mpg on the highway. Competing with the likes of the Toyota Prius, Toyota Corolla Hybrid, Kia Niro, and Hyundai Ioniq, the Insight holds its own by offering classic Honda reliability, stylish looks, and a feature-rich package

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Motorvero

November 02, 2024

New Car Prices Decline Amid Supply Issues as Used Market Holds Steady

The automotive market is undergoing a major shift as new-car prices dip, largely driven by surplus inventory in select brands. Jeep, Ram, Dodge, and Chrysler, all Stellantis brands, have seen notable inventory increases, which directly influenced their pricing strategies. In September 2024, these brands held an average of 131 days of unsold inventory, significantly higher than the market average of 72 days.

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Motorvero

November 02, 2024

Unlock Savings: The Ultimate Guide to Refinancing Your Car Loan for Lower Payments

Refinancing a car loan is a powerful financial tool that can unlock significant savings and provide greater flexibility. At Motorvero, we're dedicated to helping you make informed financial decisions, empowering you to maximize your savings and secure a brighter future. Let's dive into everything you need to know about car loan refinancing and how it can benefit you.

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Motorvero

November 01, 2024

Understanding Monthly Car Payments: What Influences Your Car Loan Cost?

Monthly car payments are the amount you owe each month to repay an auto loan. This payment includes the principal—the initial loan amount—and interest, which is what the lender charges you for borrowing the money. Other fees may also be part of your payment, such as taxes or service fees. The higher your interest rate, the higher your monthly car payment will be. Therefore, understanding all the components of your monthly payment is crucial for managing your budget effectively.

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Motorvero

November 01, 2024

How to Get Preapproved for a Car Loan: Step-by-Step Guide to Faster Car Buying

Securing a preapproved car loan is a great way to streamline the car-buying process, giving you clarity on your budget and better negotiating power. In this guide, we'll walk you through everything you need to know about preapproval, from checking your credit score to finding the best lender and financing options at MotorVero.

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Motorvero

November 01, 2024

Pre-Qualified vs. Pre-Approved Car Loan: Key Differences You Need to Know

Securing the right financing is a vital part of the car buying process, especially for those in Grand Island, New York, who prioritize certified pre-owned vehicles and a seamless purchasing experience. Understanding the differences between pre-qualified and pre-approved car loans can significantly impact your options and confidence as a buyer. These terms play a crucial role in making intelligent financial decisions, particularly for buyers interested in trade-in opportunities and comprehensive purchase benefits.

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Motorvero

November 01, 2024

Are Certified Pre-Owned Cars Worth It? Benefits, Costs, and What to Consider

When it comes to buying a car, many buyers ask themselves the same question: Are certified pre-owned (CPO) cars worth it? The answer depends on what you're looking for in a vehicle. Certified pre-owned cars strike a balance between affordability and reliability, making them a popular choice for car shoppers. Not only do they provide quality assurance, but they also come with cost advantages that new cars simply can't match.

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Motorvero

November 01, 2024

The Best Time to Buy a Certified Pre-Owned Car: When to Get the Best Deals

Buying a certified pre-owned car during holiday promotions is one of the easiest ways to save big. Major holidays such as Memorial Day, Labor Day, and Black Friday are prime opportunities to get discounts. Dealers, eager to attract buyers, often offer significant price reductions, rebates, and other incentives that can help you secure a great deal.

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Motorvero

November 01, 2024