Used Cars Are Holding Their Value

One of the most common knocks against used cars is that they don't hold value in the long run. The thought is that even if you buy a high-quality vehicle, its value depreciates so quickly that within a few years it won't be worth much at all. However, this isn't entirely true. 

Depreciation slows for used cars
A new report from the NADA Used Car Guide showed that the value of used cars is staying high. According to the organization's latest study, pre-owned vehicles currently on the market retained much of their value throughout the past month. Not to mention, the NADA Used Car Guide predicted that sticker prices will continue to drop in December, providing some chances to save.

"Usually wholesale auction volume decreases during this time of year – and it did, again. This time, however, it fell even a bit more than normal." said Jonathan Banks, an executive analyst for the NADA Used Car Guide. "If there are less used vehicles in the marketplace, then competition increases, and values hold a little better as a result."

If this trend continues, it could mean good things for drivers – if they're smart about their purchases, that is. Trade-in values would be higher, allowing motorists to put more money toward a car upgrade. Those funds can go toward a down payment on a used car, which in turn leads to lower loans and monthly payments. 

Higher quality doesn't mean higher prices
Some drivers may be worried that more competition results in bigger price tags for used cars, but that doesn't have to be the case. When people take advantage of auto auctions and bidding, for instance, they have an opportunity to get a quality car at a great price. They can also negotiate loans and find a repayment plan that allows them to keep expenses in check. 

If you're searching for used cars that will offer you plenty of value, look no further than NJ State Auto Auction. This lot has hundreds of Carfax-certified used cars, trucks and vans, and many of these options have desirable features and low prices. So even if the average cost of used vehicles goes up, you can do your best to keep expenses down and capitalize on low monthly loan payments. 

New Car Tech Isn’t All It’s Cracked Up To Be

Daydreaming about a new car? Then you might need a harsh dose of reality. Not only are new models expensive, but the features they come with may not be worth the investment – or the ensuing years of loan payments and debt. 

New technology still has glitches 
A report from AAA, conducted with the Automobile Club of Southern California, noted that many crash-prevention technologies still have problems that take away from their effectiveness. The study found that blind-spot monitoring systems, for instance, often struggled to identify motorcycles. The technology also failed to work correctly at high speeds or on highways, giving the driver little notice of road dangers. 

Similarly, there were issues with lane-departure warnings, which are supposed to let drivers know about nearby cars coming into their lane. Subpar road conditions – such as faded lane lines, construction zones or confusing intersections – interfere with the system. As problems arise with these technologies, many car owners get fed up and choose to ignore the alerts altogether. 

"Some blind-spot monitoring systems we tested had a short detection range, which meant that a vehicle was already in the blind spot before the alert came on," said Megan McKernan, the manager of automotive engineering at the Automobile Club of Southern California. "The lane-departure warning system on several vehicles experienced false-positive and miss-detections, which resulted in an inconsistent driver warning. This can be annoying and could result in the driver disabling the system due to the false alerts." 

Get the best used cars
Instead of throwing away money on a new car that doesn't live up to your expectations, find a used car that does. New Jersey Auto Auction is home to hundreds of Carfax-certified used cars, trucks and vans, and one of these options could be your next ride. With so many high-quality vehicles at low prices, it's easy to find a model to meet your needs. Many even have some of the features you want – without the high price tag or surprise glitches. 

Not all new car features are bad, but many of the best amenities can be found in used vehicles. Cars that are only a few years old often have the must-have features you want in a ride, so be sure to do your research and find the best fit. 

Drivers Get Ready For Holiday Travel

Unless you plan on being a Scrooge this year, you've probably got something planned for the holidays. And if you're like millions of other Americans, there's a good chance you're driving to get to those festivities. With a lot of traffic on the horizon, one company set out to discover some details about who will be on the roads. 

More people are ready to drive
DMEautomotive recently surveyed drivers to find just how many are getting behind the wheel this holiday season. According to its report, more than one-third of people have already decided to drive to their destination, and another 16 percent haven't made the final decision but could be driving. 

Of those who have chosen to use a car as their mode of transportation, nearly 80 percent will be using their own vehicles, while others will be renting. Additionally, about half of the expected drivers are going to rack up more than 400 miles round trip. About 1 in 6 will be taking on journeys of 1,000 miles or more.

Don't be unprepared
If there's one thing drivers stressed in their responses, it's that they were taking the winter weather seriously. The overwhelming majority reported that they would be investing in some type of tune-up before traveling. Some of the most important tasks include measuring tire pressure, cleaning out a car to create more space and double-checking the necessary fluids. The survey also showed that many people are using holiday travels as a reminder to get some routine maintenance done, such as getting an oil change, rotating tires or examining the spare tire. 

"We are pleased to see that consumers are taking care to ensure their vehicles are ready to hit the road," said Mary Sheridan, Ph.D., of DMEautomotive. "Auto service centers should take note: 90 percent of these travelers plan some pre-trip vehicle prep, including oil changes, fluid and tire checks, and, for more than one-third of those driving over 600 miles, a full vehicle inspection." 

Let the pros help
Fortunately, New Jersey State Auto Auction can help with many of your holiday needs. The Total Car Care Center, for instance, is ideal for getting a tune-up before the festivities begin. Our experts can address any issues your car may have, giving you the peace of mind you need to complete your journey. 

The Top 5 Things To Look At In A Used Car

Are you considering buying a used car? If so, then there's a good chance your head is spinning thinking about all of the options at your fingertips. There is good news, however: All you have to do is take a deep breath and focus on a few key areas when you're browsing. 

The next time you shop around for used cars, keep an eye out for these five qualities that may impact your decision. 

1. Mileage 
Mileage is one of the first things people look at in a potential ride, and with good reason. It provides insight into the wear and tear a vehicle has gone through, while also outlining expected longevity and maintenance. 

2. Driving performance
How a car drives is also an important aspect you must consider. If the vehicle doesn't drive in a way you like, then it's probably not a good investment. In addition to taking a test drive of the individual vehicle you're looking at, research a few reviews of the model from professionals and owners. That will give you an idea of any recurring issues. 

3. Safety features
You don't realize how important a car's safety features are until you need them. That's why it's essential to scope out the features present in a used car. Crash test ratings can provide a look at how it'll perform in an emergency, but you should also check out any crash-prevention features to make sure they're still functioning. 

4. Low operating costs
The sticker price on a used car probably gets most of your attention, but if you're under a tight budget, there are more expenses you need to consider. Take a look at the cost to fill the gas tank, complete routine maintenance tasks and acquire replacement parts.  

5. Outside appearance
You can't judge a book by its cover, and the same can be said of used cars. However, that doesn't mean you should ignore the exterior of a vehicle entirely. Look for rust spots, which may indicate decay, or random dents and scratches. These should match up with any incidents on the vehicle history report so you know they've been cared for. 

You can check out cars with these qualities – and much more – at NJ State Auto Auction. With hundreds of used cars available on the lot, this facility is the place to be if you're ready to buy on a budget. 

Why You Should Buy Used Cars

When you finally decide to upgrade your ride, you've got a lot of tough choices to make. On the surface, these decisions may seem much more difficult than they are, as used cars offer quality and value that are hard to beat. Once you take a good, long look at some used vehicles, you may find that they have everything you want and more – in addition to providing some financial relief. 

Here are three reasons why buying a used car is better than buying new. 

You know what you're getting 
One of the biggest reasons used cars can be better than new ones is because they're known commodities. Brand new models frequently have glitches or other issues that aren't discovered until they hit the road. If you want to avoid recalls, time-consuming repairs and dangerous situations, select a used car that has a reputation for reliability and success. That way, you can rest assured that the car is ready and able to perform on the roads. 

Maintenance keeps it running like new
If someone were to argue the case for a new car, they may claim that it runs better and more smoothly than its used counterpart. However, people who take care of their older vehicles with the proper preventative maintenance don't have much to worry about. Regular tune-ups, oil changes and washes keeps cars looking and performing like new. If you can find a model that's been cared for by previous owners – something that's relatively easy to check with a vehicle history report and examination – you could get that new car experience without the price. 

3. More money for car-related expenses 
Buying a new car can leave you strapped for cash. Not only is the sticker price high, you've also got to fork over more for insurance premiums and pay back bigger loans. With used vehicles, however, you can save money without sacrificing the features you want. 

At New Jersey State Auto Auction, you can browse through hundreds of Carfax-certified used cars, trucks and vans to find the one that's right for you. Many of these vehicles are a great value, as they're high quality options at affordable prices. If you want to get the most bang for your buck, take a look at some of these used cars for sale

What Is An Auto Auction?

By now, you've probably heard some rumblings about the opportunities at New Jersey State Auto Auction. Our lot has hundreds of Carfax-certified used cars for you to browse through, in addition to special perks like the financing department and the Total Car Care Center. But still, many people are unsure of how our processes work, and we want to clear up some of the confusion. 

What is an auto auction? 
Just like the name implies, New Jersey State Auto Auction offers a chance for customers to bid on the car they want. This gives them the opportunity to get a high-quality vehicle for a low price, as they only have to bid what they think the car is worth. Competition may raise the prices, but the setup gives drivers a chance to capitalize on great deals. The process may take a while, as people have to register to bid and close out sales, but the potential payoff makes it worthwhile. 

3 tips for buyers 
Are you considering checking out the selection at NJ State Auto? If so, then keep in mind these three tips.

1. Do your research 
Auto auctions may seem overwhelming, but they don't have to be. It's easy for you to conduct some preliminary research on your own to narrow down your car search. Check out the details about the exact car you'll be bidding on and browse through our selection from the comfort of your own home. You can even register to bid on cars, which gets the process started by completing some paperwork. 

2. Figure out how you want to pay 
Many people aren't aware that they have options when it comes to paying for the vehicle – at least to start. While our in-house finance team can finalize loans and credit approvals, you'll need to have a way to transfer money for the bidding process. Many customers use PayPal, as this service provides an easy and secure way to make payments to a wide variety of businesses. However, we also accept all major credit cards, so you don't have to sign up for anything you don't want to. 

3. Know your options 
Of course, we do have another option for drivers. If you don't want to wait any longer to get behind the wheel of a car, you can select "Buy It Now." This allows you to pay for your choice and secure ownership in a very short amount of time – we even offer same day pickup. You'll drive off the lot with the bill of sale, title, temporary license plates and even financing or a warranty in place. 

Used Cars Offer Relief From High Prices

That new car smell may be appealing, but it's going to cost you. Vehicles fresh off the production line frequently come equipped with impressive features and sleek aesthetics, but the investment isn't always all it's cracked up to be. 

New cars are too expensive for many
According to recent data, the average cost of new vehicles went up in the month of November. Kelley Blue Book found that prices increased 1.7 percent from the same time in 2013. In fact, they've even grown since October of this year, with the average cost jumping $568, or 0.5 percent.  

At the same time, incentives have gone down, limiting the opportunities buyers have to save. reported that incentive spending decreased 1.5 percent from October to November, marking the third straight month that these savings have shrunk. 

"Rising transaction prices are a reflection of stronger pricing in truck and utility segments," said Alec Gutierrez, senior analyst for Kelley Blue Book. "Domestic automakers will be the main beneficiaries of this trend, as full-size pickup prices are up by an average of 4.3 percent, with the Big Three [Ford, General Motors and Chrysler] making up 94 percent of segment sales."

Used vehicles provide value
Although the cost of new cars continues to rise, there is some good news for drivers: They can find used cars that offer plenty of savings without a huge drop in quality. USA Today reported that more people looked to used cars in November in the hopes of finding some good investments. As a result, some expenses are going up, but not nearly enough to rival new models. 

Many drivers are finding that used cars boast a ton of perks. In addition to being less of a strain on the wallet than their counterparts, these vehicles offer many similar safety features and tech capabilities. When taken care of correctly and treated with the proper maintenance, used cars present a worthy choice for motorists.  

Anyone looking for a great deal on used cars should head over to NJ State Auto Auction. This lot is home to hundreds of Carfax-certified cars, trucks and vans, allowing drivers to select the perfect fit for their needs. It even has an in-house financing team whose mission is to secure loans and get you behind the wheel quickly. 

Vehicle Health Index Sheds Light On Reliable Used Cars

When you're searching for a used car, you've got a lot to consider. Chief among your concerns will be how the vehicle fits in your budget – meaning you must think about insurance premiums, monthly payments, fuel efficiency and repair costs. To help drivers get through this tough battle, CarMD recently released its 2014 Vehicle Health Index. 

Finding the most reliable cars
The index is designed to identify the car models with the fewest "check engine"-related repairs, as well as the vehicles that are associated with the lowest repair costs. It looks at more than 40,000 maintenance issues from vehicles dating back to the 2004 model year, all of which occurred from Oct. 1, 2013 to Sept. 30, 2014. 

According to the data, the top manufacturer for few repairs is Honda, which barely beat out Hyundai for the No. 1 spot. They were followed by Toyota, General Motors and Ford. As far as individual vehicles go, the 2012 Toyota Camry rated as the best. This is the second consecutive year this model emerged as the winner, leading the way for five Toyota cars to land in the top 10. 

As far as cost goes, drivers would be smart to look at Mazda. The brand had the lowest average repair expenses, with $302.92 being the typical price. 

What you need to know
Taking a look at some of the most reliable makes and models could give you an idea for your next purchase. Drivers who want to keep costs down would be well-served to take a look at the rankings. Vehicles that tend to be more reliable or have lower average costs could help motorists save time and money. 

"While this index is based on in-use vehicle repairs needed over the past year, it has also proven to be a useful tool in helping car and truck shoppers make informed decisions about the vehicles they are considering," said Doug Sobieski, chief marketing officer of CarMD.

If you're searching for a reliable used car, look no further than NJ State Auto Auction. This lot is home to hundreds of Carfax-certified used cars, trucks and vans. One of these vehicles could be your next ride – thanks in large part to the in-house experts who help drivers with everything from auto financing and loans to car repairs. 

What Factors Affect Used Car Values?

So you want to buy a used car – now what? For most people, the next steps will involve setting a budget and turning to facilities like NJ State Auto Auction for help. While this is a great start, especially for those who need some financial guidance or aren't sure what type of car they want, drivers also need to brush up on their knowledge. 

For instance, prospective buyers should know which features will drive up the price on their desired cars. The NADA Used Car Guide recently outlined a few aspects of a vehicle that will impact the bottom line. It's important for motorists to have a firm grasp of these factors, as well as a few more traditional qualities, to be in the best position to find used cars.   

Most drivers know that mileage has a significant effect on a car's value. It's one of the best ways to judge how much wear and tear the vehicle has gone through. This number can also be used as an indicator of what repairs or maintenance issues may pop up in the future. Make sure you get a vehicle history report to determine what's already been done. 

Vehicle redesigns 
According to the NADA, one of the most important factors that impacts value is vehicle redesigns. A car that is just one year newer but has undergone a redesign may be worth as much as 35 percent more than its older counterpart, the organization stated, and it's mostly due to the exterior look. So what does that mean for you? If you want value, try looking for models from right before a redesign. They'll carry many of the same features at a fraction of the price. 

Secondary features 
The NADA noted that the secondary features that impact car prices may surprise some. Fuel economy and power train are two of the most important qualities that go into price. While that's not unusual, what may shock drivers is that these numbers typically outweigh safety features. Similarly, warranties and reliability ratings are also not as important as things like horsepower and torque. 

Drivers will have to find just the right blend of features and value before deciding on the used car of their dreams. Luckily, places like NJ State Auto can help. With hundreds of Carfax-certified used vehicles on the lot, it's the perfect place to begin your search for an affordable model. 

Used Car Loans Reach Record High

Although there may be many used cars that you find appealing, finding one that is affordable is a whole new challenge. That's why a growing number of buyers are seeking the help of loans. These options aren't just reserved for high-priced new models, as more motorists are using them to land behind the wheel of a quality used car. 

Loans keep getting bigger
According to Experian Automotive, the average amount of a used car loan has been steadily increasing. In the third quarter of 2014, it even hit a record high of $18,576, which is a $676 increase from the same time in 2013. While the average loan amount has grown, so too has the average loan term. Drivers are striving to keep their monthly expenses down, and as a result, they typically sign up for longer terms that spread out the payments. 

"Car buyers tend to shop with a monthly payment in mind. As a result, we are continuing to see them turn to leasing and longer loan lengths as strategies to keep payments down and make vehicles more affordable," said Melinda Zabritski, senior director of automotive finance for Experian. "As car values continue to reach new heights, these insights will help dealers, lenders and consumers become more aware of the options available to them to keep people buying cars, all while staying within their budgets."

Good news for subprime buyers
People who are facing a tight budget can find some good news relating to car loans. According to Experian's data, the average credit score for used vehicle loans only rose two points to 650. That's relatively steady, especially considering the fact that more than half – 54.1 percent – of all used vehicle transactions involved some kind of loan. 

Interest rates have also been decreasing throughout the year. Although the average rate has risen from the same time last year, it's down when compared to previous months, Experian reported. 

Find the best deal for you
Selecting the right loan and the perfect used car can be an uphill battle. That's why it helps to have a team you can trust, just like the crew of experts on hand at New Jersey State Auto Auction. This lot is home to hundreds of Carfax-certified vehicles, as well an in-house financing team dedicated to helping you afford the car, van or truck you want.