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 »  Articles  »  News  »  Used Auto Reports Precede Auto Loan Applications
Credit Federal
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Used Auto Reports Precede Auto Loan Applications
By Credit Federal | Published 06/7/2006

In efforts to acquire a reliable used auto, many consumers are first obtaining used car history reports, and some are even looking at used hybrid cars for better for lower fuel costs.

Not many people want to buy a used car that was flood-damaged or was in serious accidents, so its no wonder that the popularity of used auto reports are increasing.

34% of used auto buyers claim to have used a car history report service prior to purchase.

Although there are fees to obtain a used car history report, it nonetheless offers consumers a wise buying tool. And now, in addition to certified pre-owned cars, a growing number of used auto dealers are including a free history report at no charge.

While fuel prices continue to soar and as sales of new hybrid-electric vehicles increase each year, many consumers are considering hybrid vehicles. Since hybrid cars are more costly, this is leading to an increased interest in used hybrid cars.

But there is still much doubt as to the long-term reliability and maintenance cost of used hybrids, which further prompts dealers to offer pre-owned certifications as well as history reports.

Apply for a used auto loan at Credit Federal.

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