No Money Down Loans and What You Should Know

One of the biggest questions we are asked is "Can I get this with no money down?".

This depends on the lender, credit and a few other variables. 

There are many lenders that will work with a no money down situation.

This sounds great..right?  However, there are a few things to consider to see if this option is right for you.  

Let's say you get approved for a loan on your dream car and you put no money down.  As you are driving off the lot you are also driving with a higher interest rate, larger monthly payment and no equity in your new vehicle.

Used cars already have a higher annual percentage rate (APR).  In most cases if you do mot make a down payment you will be looking as well at a higher payment.  

If you are approved and decide to use the no money down option be aware of the following.

1.  You will have no equity in your vehicle.  

2.  You may have a higher interest rate.

Be sure to pay attention to the terms and do your best to pay the loan off quicker to minimize your interest costs.

Emotional Stages When Buying a Car

Emotional Stages When Buying a Car 

When it comes to buying a car or any major purchase there is a flow of emotions.  It may be your first big decision, or maybe you have been down this road before, it still is the same.  Purchasing a vehicle is an achievement.  It is full of twists and turns, ups and downs.  Here are a few of the emotional stages of buying a car.

1.  ACCEPTANCE

I need a new car...here we go.  I really don't want to have a payment again. I really like my car. Now what do I want, were do I look? 

2.  SEARCHING 

In this stage you find yourself looking at every car in a parking lot or on the road.  You are getting a bit excited. What do I want, What do I need and What can I afford?

3.  EXCITEMENT

I think I have found what I am looking for! It is beautiful! I want it!

4.  WORRIED

After all the negotiations and back and forth you got the price you wanted AND the trade in value you hoped for. Now you maybe worried...Can I get approved, Can I get the rate and payment I am able to afford?

5.  HAPPY

I am approved! I signed all the papers! I took delivery! 

6.  BUYERS REMORSE

This does not happen to all, but to some next comes a feeling of remorse. Buyers remorse is a feeling of regret experienced after making a large purchase. You may start to question your purchase. depressed.  In this case you need to think about why you made the decision to make that purchase. 

There are other Emotional Stages as well that you may experience.  Here at Rankl & Ries Motorcars we work with you one on one through all the stages. We understand that purchasing a vehicle is not always a fun experience. We do our best to ensure a stress free buying experience from your test drive, to the finance office and even after your purchase.

Rankl & Ries Motorcars

4805 Tuscarawas St 

Canton, Ohio 

330-479-2000

Getting the Most out of Your Trade In

Tips For Getting the Most out of your Trade

When you are getting ready to trade your car, truck or suv the back and forth about what your trade is worth can be a headache.  

You could be trading it is for many reasons.  It may be running perfectly fine, but your family has outgrown it.  It may not be running that great and you are sinking money into repairs to keep it on the road and keep it safe.  Or, it could be you just want something newer.

In order to get the best trade in value here are a few steps you should take before getting an appraisal.

1.  Clean it.  Either do it yourself or have it detailed.  Wash it and sweep it out. Give it a good coat of wax.  

2.  Check your fluids and fix any minor repairs.

3.  Know what you owe.  If you are still making payments call your lean holder and ask what the payoff is on your vehicle.

4.  Visit Kelly Blue Book online and be honest with the condition of your car so that you can have a range of what your vehicle is possibly worth.  Know that the number you get is a sight unseen estimate.

5.  Bring any extra keys and/or fobs.  Also, if you have an owners manual have that as well.

6.  Bring any documentation with you.  By this we mean title, repair receipts and repair history.  

7.  Call Rankl & Ries and set up a time to come in and test drive and get an onsite appraisal.

We hope these tips help.  

Rankl & Ries Motorcars

330-479-2000

www.ranklandriesmotorcars.com

When Is It Time To Trade In Your Vehicle

Signs it's time to trade in your current vehicle.

We all want to keep our vehicles as long as possible. When is it time to trade your current car, truck or SUV?
When you trade depends on the vehicle and your personal situation. 

Here are a few signs it's time to trade in and trade up:

1.  Repairs are mounting up. Fixing the vehicle is costing too much.  Don't spend more on it than it is worth.

2.  Your life has outgrown your car.  Life happens. Your family grows.  You are commuting longer and farther.  invest in something that will make your life easier.

3.  You cannot count on it anymore.  It is too unreliable.  If it spends more time in the shop or if it is unsafe to drive.

4.  Your mileage is over 100,000.  Miles mean a lot of things.  Your car has wear and tear and could give you problems in the near future.

5.  It is a gas guzzler.  With the cost of gas lately it can be a big deal to fill up at the tank.  You might want to start looking into something easier on gas.

If you can answer yes to any of these questions then it is time to trade in and trade up.
We are here to help assist you.  You can visit us online at www.ranklandriesmotorcars.com or call us at 330-479-2000 to set up your appraisal and test drive. We do our best to ensure you have a stress free experience when looking for your next vehicle.

Last Minute Valentines Day Gift Ideas

Last Minute Valentines Day Ideas

I cannot help but laugh and chuckle every year when I run into a store to pick something up on Valentines Day at the men in the greeting card section.  They look like deer in the headlights.  

Like this day just popped up on them with no warning and they are trying to stay out of the dog house.  The key to knowing what to get is to know what your significant other likes to do and build off of that!

Never fear, we are here to help you with some last minute Valentines gift ideas.

1. Pick up a Plant! 

Flowers are great but I always tell my husband that they die in a few days and they can be cost a lot of money.  A pretty plant is a perfect gift, they last a lot longer or forever!

2.  Book and a Blanket

Does your better half like to read? Pick up a book or some magazines and a nice cozy throw blanket!

3.  A Gift of Relaxation

Can't afford to give her a day at the spa? Give her one at home!

Pick up some bubble bath, bath bombs, a new bath sponge, and a scented candle! Keep an eye on the kids for about an hour and leave her relax.  

4.  Have a Picnic!

It maybe cold and snowing outside but it is perfect weather for a picnic. Pick up some sandwiches and other goodies. Some wine and crackers would be a perfect idea! Light some candles and spread a blanket out on the floor! 

These are just a couple of ideas for you.  Of course if you want to give a great surprise we are here to help you get her a newer vehicle as well...just a thought!

Happy Valentines Day from Rankl & Ries Motorcars!

Valentines Day Ideas for Families

Celebrating Valentines Day with your Family

Valentines Day is next Thursday.  This day is typically a day of romance, flowers, greeting cards and going out to eat.  Valentines Day is also about the love of family and celebrating with the kids.  Here are a few ideas to help make the day special for the little ones.

1.  Make heart shaped pancakes for breakfast

2.  Make homemade Valentines for each family member with words of appreciation or acts of kindness that you can do for each other.

3.  Create Valentines cards to give to elderly neighbors or to take to a local nursing home to be distributed to the residents.

4.  Many local pizza shops have heart shaped pizza on this day. Order one and have a movie night!

5.  Bake and decorate cupcakes or cut out cookies together.

6.  Have a family game night complete with snacks and of course some candy!

7.  Make Valentines keepsake boxes and each year write your child a letter to keep in the box that they can re-read each year and keep into adulthood.

These are just a few ideas.  Do you have a family tradition or have a suggestion as well? We would love to hear about them! 

Rankl & Ries Motorcars

330-479-2000

We take the Frustration out of Car Buying

Taking the Frustration out of Car Buying

The very thought of having to purchase a vehicle...ugh....we all have been there.  Here at Rankl & Ries Motorcars we understand how frustrating it can be.  The pressure can be overwhelming.  This is why we do our very best to provide a stress free experience from the moment you inquire about a vehicle to the moment you take delivery.  We have come up with a few tips to help you on your journey to your next pre-owned vehicle.

1.  Have an idea of what your credit score is. 

2.  Know what type of vehicle you need and the options that are important to you.

Do you need a car, truck or SUV? Do you need 3rd row? Do you need 4WD?

3.  Know what payment you are looking for.  What is comfortable for you each month? 

This will help us when we are seeking finance for you.  We will do our best to get you into a payment that works for you.

4.  Come in prepared.  Bring proof of income. Have proof of residency, such as a utility bill. Also make sure that you have your drivers license and insurance information.

These are just a few tips that will ease some of the frustrations when you are searching for your next vehicle.  You also can go on our website and fill out a credit application so that you know what you are approved for before coming into the dealership. 

Rankl & Ries Motorcars

330-479-2000