The process of buying a vehicle can feel like an arduous one, even when you know what kind of vehicle or even what make and model you’re looking to purchase. But most people don’t realize there are specific questions they can ask to help unlock the best buying potential on their next pre-owned vehicle before they head to a dealership, while they are there and even after they’ve left. Here’s your chance to know what questions to ask before buying a used vehicle!

 

Before you head to the dealership

  • What can I afford? ~ Having a budget in mind that you can afford to spend either in monthly payments or in total cost for the vehicle will help narrow down what your options are and save you from getting your heart set on a vehicle that you can’t afford. Keep in mind that tax, title and registration fees will be in addition to the cost of the purchase price.
  • What kind of vehicle do I need? ~ Before you can begin your search, you’ll need to decide what type of vehicle works best for your needs and your budget. Considering what you’ll be using your vehicle for most (long commutes, towing heavy items, hauling people or family) will help you evaluate if a car, truck, SUV, minivan, commercial vehicle or a work truck fits that best.
  • What safety features or extra options are needed? ~ Decide if there are specific options you are hoping to find in a prospective vehicle or safety options you feel are necessary.
  • Is the car on the lot? ~ Oftentimes, dealerships have more than one location that a vehicle may be at or the vehicle may have already been sold. It’s always a good idea to call ahead to make sure the vehicle you are interested in is actually there on the premises before making the drive.

 

While you are at the dealership

  • Where did the vehicle come from? ~ A vehicle on a dealer’s lot could be a trade in but it could also be from an auction or even out of state. Knowing more about how the dealer acquired it, could possibly lead to learning more about its maintenance or service history.
  • Is there a history report for the vehicle (Carfax, AutoCheck, etc)? Vehicle history reports can’t tell you everything and there might be errors on the report, it is a good starting point to learn more about if the vehicle was ever in an accident and how many owners it has had.
  • Do you offer financing and if so, is there a markup on the interest rate you offer? While Broadmoor Motors does not ever mark up interest rates on loans, it is a common practice at many dealerships and can end up costing you hundreds of dollars unnecessarily. Don’t find out the hard way you could have a lower interest rate by simply asking to see all of the lending terms before signing on the dotted line.
  • Do you take trade-ins? Not all dealerships take trade-ins and some others will offer you a guaranteed amount for your trade-in regardless of its condition but that amount ends up impacting the purchase price of your vehicle.
  • Is there a warranty available? A warranty is a big reason why people often choose a new vehicle over a used vehicle but if you could get a great pre-owned vehicle with a warranty, wouldn’t that be great? At Broadmoor Motors, we think your hard earned dollars deserve a warranty and that’s why our vehicles come backed by one.

 

After you visit the dealership

  • If there is no warranty, can I afford any repairs that come along if needed? ~Unexpected repairs cost you both time and money, a warranty can help alleviate at least the question of who will be paying for the cost of repairs and a dealership that’s willing to stand behind their vehicle with a warranty means that they are committed to fixing any issues that may arise.
  • Can you afford the vehicle, including tax, registration, and insurance? ~ Don’t let the sticker price fool you, there are added costs involved with buying a vehicle regardless if it’s new or used.
  • What do previous customers say about the dealership after they’ve purchased a vehicle from them? ~ You can tell a lot about a business from the reviews of people who have dealt with them in the past. While every business can inevitably get a bad review online, ones that consistently have low ones or people commenting with the same complaints are something to avoid.

 

 

If you find yourself searching for your next used SUV, minivan, truck or car to fit your needs and your budget, we invite you to check out all of our theft recovered inventory or all of our current inventory of Used Trucks, Vans, SUVs and Cars. At Broadmoor Motors, we specialize in finding the right used minivan, truck, SUV or car to fit your personal or business needs, all while giving you the best deal we can on both your purchase and trade-in. Our family has been in the car business for over 60 years and continues to be family owned and operated in all of our Caledonia, Hastings and Wayland locations with financing available to those who qualify. We will find you the right vehicle to fit both your budget and your needs in a pressure-free environment.

Let Broadmoor Motors save you time and money when buying your next quality, Pre-Owned Car, Family Minivan, All Wheel Drive SUV, Commercial Van or Work Truck and ask us about our BMG Protection Plan (which is not an aftermarket product). Whether you need to replace your current car, minivan, truck or SUV with a great used vehicle, we can help you out. Check out our reviews online and buy with confidence!! Family Owned & Operated and with Financing Available, we stand behind our Vehicles and our Warranty so you can be assured your used Car, Truck, Van or SUV will be reliable! Broadmoor Motors is your local choice for Car Sales in the greater Hastings, Middleville, Caledonia, Grand Rapids, Wayland, Byron Center, Dorr, Hopkins, Kalamazoo, Battle Creek, Lansing, Lake Odesa, Kentwood, Holland, Zeeland, Moline, Cutlerville, Wyoming, Hudsonville, Grandville, Jenison, Hamilton, Ionia and Allegan. Whether you need to replace your current car, minivan, truck or SUV with a great used vehicle, we can help you out.

Broadmoor Motors is here for all your Car Sales, and Auto Service needs in the Byron Center, Kentwood, Caledonia, Middleville, Hastings, greater Grand Rapids, Wayland, and Barry County area. With four locations to serve you in Middleville, Wayland, Hastings, and Caledonia, we’re here for all your Sales & Service needs. Give us a call at 616.698.9595 in Caledonia, 269.397.2400 in Wayland, 269.205.2613 in Middleville or 269.320.6304 in Hastings to see how we can get you back on the road!

Having a commercial vehicle that runs properly day in and day out, while having confidence in its ability to keep you on the road and safe is critical for your company’s success.  Whether you’re considering buying your first commercial van, work truck or cargo van, or you’re planning on adding to your already existing commercial fleet, there are many factors to consider in making sure you find a reliable one. Here are some tips for buying a great commercial vehicle.

 

Know What You Need

Unlike many standard vehicles, commercial vehicles have the added task of being one of the tools you utilize for your business. Depending on the type of work you perform in a day, your needs for your commercial vehicle can vary and understanding what that looks like before you begin shopping can help you narrow down your search. Before deciding what vehicle will do that best, it’s important to consider what are absolutes for your commercial vehicle.  Do you do need to transport a lot of people or large, heavy items often?  Will you need to tow things such as animals or a tool trailer?  Will this vehicle need to shelving to organize tools or equipment?  Does your business require refrigeration for catering or large empty cargo space for hauling goods?  Answering these questions before you begin your search can help guide you into what type of work truck, transit van, cargo van or commercial passenger van is best for your company or business.

 

Know Your Budget

If you haven’t crunched the numbers to see what kind of a budget you are working with, now would be the time to evaluate your maximum budget.  Decide if you will be buying the commercial vehicle outright or if your business will plan on financing it.  If financing a vehicle works best for your company, be sure to shop around to find the best finance rates available.  While there are dealerships like Broadmoor Motors who do not markup your interest rate to make a profit, there are many dealerships where it is common practice. Shopping ahead of time can help you find the best available rate and protect you from being blindsided from a higher rate with hidden markups.

 

 

Shop From A Trusted Dealer

Regardless if you’re planning on buying a new or used commercial vehicle, finding a trusted dealership is invaluable.  While each cargo van, work truck and commercial vehicle can vary on their specific options and usages, one thing that should not vary is the confidence you have in the dealership you’ll be buying from that they’ll be able to deliver a safe and reliable vehicle.  The most obvious place to start your shopping is with a dealership you’ve already had a positive experience working with previously.  But if you don’t have a dealership you’ve purchased a great commerical vehicle with prior, it’s important to look at online reviews from prospective dealerships to see what other people’s experiences have been. Knowing what other customers have said can help you weed out the ones with more negative reviews than positive and give you more comfortability shopping from the ones with great reviews.

 

Get A Warranty

Is it even possible to get a warranty on a commercial vehicle? It is at Broadmoor Motors! At Broadmoor Motors we believe your hard-earned money not only deserves a reliable vehicle but one that’s backed by a 30 Day Powertrain Warranty and offer additional extended warranties with none of the filler and unnecessary items that other dealerships offer.  In addition, Broadmoor Motors handles our warranties locally so you don’t have to deal with a third party company.

 

Talk To Your Accountant

Buying a work truck, transit van or commercial vehicle for your business may offer your company tax write-offs that may include the interest on payments or allow for benefits you weren’t aware of previously.  Before buying, leasing or financing a commercial vehicle, we recommend talking to your accountant to find out which works best for your specific needs.

 

 

If you find yourself searching for your next used SUV, minivan, truck or car to fit your needs and your budget, we invite you to check out all of our theft recovered inventory or all of our current inventory of Used Trucks, Vans, SUVs and Cars. At Broadmoor Motors, we specialize in finding the right used minivan, truck, SUV or car to fit your personal or business needs, all while giving you the best deal we can on both your purchase and trade-in. Our family has been in the car business for over 60 years and continues to be family owned and operated in all of our Caledonia, Hastings and Wayland locations with financing available to those who qualify. We will find you the right vehicle to fit both your budget and your needs in a pressure-free environment.

Check out our reviews online and buy with confidence!! Family Owned & Operated and with Financing Available, we stand behind our Vehicles and our Warranty so you can be assured your used Car, Truck, Van or SUV will be reliable! Broadmoor Motors is your local choice for Car Sales in the greater Hastings, Middleville, Caledonia, Grand Rapids, Wayland, Byron Center, Dorr, Hopkins, Kalamazoo, Battle Creek, Lansing, Lake Odesa, Kentwood, Holland, Zeeland, Moline, Cutlerville, Wyoming, Hudsonville, Grandville, Jenison, Hamilton, Ionia and Allegan. Ask about our BMG Protection Plan, this is not an aftermarket product! area. Let Broadmoor Motors save you time and money when buying your next quality, Pre-Owned Car, Family Minivan, All Wheel Drive SUV, Commercial Van or Work Truck. Whether you need to replace your current car, minivan, truck or SUV with a great used vehicle, we can help you out. Broadmoor Motors is here for all your Car Sales, and Auto Service needs in the Byron Center, Kentwood, Caledonia, Middleville, Hastings, greater Grand Rapids, Wayland, and Barry County area. With four locations to serve you in Middleville, Wayland, Hastings, and Caledonia, we’re here for all your Sales & Service needs. Give us a call at 616.698.9595 in Caledonia, 269.397.2400 in Wayland, 269.205.2613 in Middleville or 269.320.6304 in Hastings to see how we can get you back on the road.

When people discover a vehicle has been titled Theft Recovered, they often have questions on what that means for the vehicle they are considering and most importantly, they wonder… should you buy a theft recovered vehicle? Here, we’ll hit the most commonly asked questions so each individual can feel armed with facts versus rumors they’ve heard to determine for themselves if a theft recovered vehicle is right for them.

 

What is a Theft Recovered Vehicle?

There were an estimated 748,841 motor vehicles stolen in 2018 according to the FBI, which breaks down to an automobile theft occurring once every 42.2 seconds throughout the United States. With all of those vehicles being stolen, it’s estimated that approximately 60% will be recovered. Once a vehicle has been theft recovered, it may be deemed with a Theft Recovered salvage title.

 

Are all stolen vehicles given a salvaged title?

There are a few factors insurance companies use to determine if a theft recovered vehicle will be given a salvage title and the owner of the vehicle to receive a payment for the loss of their vehicle. These can include:

  • Time – Insurance companies have their own length of time that they will allow a vehicle to be searched for before deeming it a “complete loss” and issuing the owner a check and can vary from two weeks to thirty days. Based on the policy of the insurance company regarding the stolen vehicle’s title, the title could stay CLEAN or converted into a salvage title.
  • Damage – If the vehicle sustained more monetary damage to it than the vehicle is worth.
  • Location – Each state has different laws governing if a vehicle will automatically be deemed a salvage title after it has been stolen despite length of time or lack of monetary damage involved. States that issue a theft recovered vehicle a salvage title are Arizona, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, New Mexico, New York, Oklahoma and Oregon regardless of recovery time or lack of damage.

 

Are Theft Recovered vehicles bad vehicles to purchase?

While the sound of a salvage titled vehicle brings connotations of a busted and broken vehicle to mind, the truth is a lot of these vehicles have little to no damage and lower miles. In fact, buyers can often get a newer vehicle with more options, lower miles and save thousands in the process when they purchase a theft recovered vehicle. This is due to the perceived reduction in value while there actually is none. In addition, these vehicles depreciate slower than their clean titled counterparts because the initial cost is less for a theft recovered vehicle in comparison to the exact same vehicle that has not been stolen.

 

Can Theft Recovered vehicles be insured or be financed?

A common misconception is that stolen and recovered salvage titled vehicles can not be financed like their clean title counterparts can be but that’s simply not the case. While there may be different loan to value requirements depending on your lender and your credit, it is possible to get both financing AND insurance on theft recovered vehicles.

 

Should I buy a Theft Recovered Vehicle?

While we’ve discussed the many advantages a buyer can receive from purchasing a theft recovered titled vehicle over a clean titled vehicle, there are still two common fears we hear from people… the seller won’t disclose all of the previous damage and they won’t be able to sell it when they decide to purchase another vehicle.

At Broadmoor Motors, we believe honesty is the best policy for selling any vehicle, regardless of the status of its title, and it’s important to us that we share what damage was done to the vehicle prior to repairs and in letting potential customers know that the title is a stolen recovered salvage beginning with the initial listing and when someone makes an inquiry. In addition, we want our customers to feel confident that they will be able to sell their vehicle when the time comes and that’s why we offer our buy back policy. Since we already know the history of the vehicle, and we also have the original pictures of it when it was sold to us, we are not afraid to stand behind it and will take it as a trade-in for another vehicle of your choice or just buy it back from you even if you buy elsewhere.

 

 

If you find yourself searching for your next used SUV, minivan, truck or car to fit your needs and your budget, we invite you to check out all of our theft recovered inventory or all of our current inventory of Used Trucks, Vans, SUVs and Cars. At Broadmoor Motors, we specialize in finding the right used minivan, truck, SUV or car to fit your personal or business needs, all while giving you the best deal we can on both your purchase and trade-in. Our family has been in the car business for over 60 years and continues to be family owned and operated in all of our Caledonia, Hastings and Wayland locations with financing available to those who qualify. We will find you the right vehicle to fit both your budget and your needs in a pressure-free environment.

Check out our reviews online and buy with confidence!! Family Owned & Operated and with Financing Available, we stand behind our Vehicles and our Warranty so you can be assured your used Car, Truck, Van or SUV will be reliable! Broadmoor Motors is your local choice for Car Sales in the greater Hastings, Middleville, Caledonia, Grand Rapids, Wayland, Byron Center, Dorr, Hopkins, Kalamazoo, Battle Creek, Lansing, Lake Odesa, Kentwood, Holland, Zeeland, Moline, Cutlerville, Wyoming, Hudsonville, Grandville, Jenison, Hamilton, Ionia and Allegan. Ask about our BMG Protection Plan, this is not an aftermarket product! area. Let Broadmoor Motors save you time and money when buying your next quality, Pre-Owned Car, Family Minivan, All Wheel Drive SUV, Commercial Van or Work Truck. Whether you need to replace your current car, minivan, truck or SUV with a great used vehicle, we can help you out. Broadmoor Motors is here for all your Car Sales, and Auto Service needs in the Byron Center, Kentwood, Caledonia, Middleville, Hastings, greater Grand Rapids, Wayland, and Barry County area. With four locations to serve you in Middleville, Wayland, Hastings, and Caledonia, we’re here for all your Sales & Service needs. Give us a call at 616.698.9595 in Caledonia, 269.397.2400 in Wayland, 269.205.2613 in Middleville or 269.320.6304 in Hastings to see how we can get you back on the road.

Michigan drivers have known for a long time that they pay the highest rates in the country for car insurance although they might not have understood exactly why. Recent legislative changes are now making cheaper rates possible for many drivers all over West Michigan but in order to know if you should take advantage of these changes, it’s important to understand how Michigan car insurance will change on July 2, 2020.

 

Why Are Michigan Rates So High?

Rates for Michigan drivers have been the highest in the USA in large part because of the mandatory insurance coverage requirement of Personal Injury Protection with unlimited medical coverage on car accident injuries. While these requirements guaranteed many health and recovery benefits to injured drivers, including lost wages, in-home nursing care and specialized medical treatments, they also came at a high cost to insurance companies. This cost was passed onto all Michigan drivers to account for those expensive losses and the problem becomes compounded when drivers drop insurance coverage because they can’t afford it.

These factors made Michigan insurance rates the most expensive in the nation and have created significant economic impacts across the state with Michiganders paying 4.8% of their income on auto insurance premiums which is double the national average of 2.4% of drivers in other states.

 

What Will Change?

 

New PIP Coverage Options

Michigan legislators and drivers have spent decades debating how to reduce the financial burden on drivers and a solution was finally signed into law last year. In doing so, they created five different PIP (Personal Injury Protection) options for drivers, allowing them to keep unlimited PIP or choose less coverage for greater discounts. The law requires insurance drivers to reduce the cost of only the PIP portion of car insurance by the following amounts until July 1, 2028.

  • Unlimited PIP Coverage (10% reduction) – covers unlimited lifetime car accident injury expenses.
  • $500,000 of PIP Coverage (20% reduction) – covers car accident injury expenses up to $500,000.
  • $250,000 of PIP Coverage (35% reduction) – covers car accident injury expenses up to $250,000.
  • $50,000 of PIP Coverage (45% reduction) – covers car accident injury expenses up to $50,000 & is the lowest option available for Medicaid recipients.
  • Out of PIP Coverage (100% reduction) – drivers can opt out of PIP coverage completely only if they have Medicare or a qualifying health insurance plan that covers car accident injuries.

Insurers with no PIP will lose accommodations for an injured person’s care, recovery or rehabilitation which includes but is not limited to:

  • Attendant care
  • Rehabilitation past the point in which further progress is no longer likely
  • Home modifications (e.g. wheelchair ramps into primary residence)
  • Auto modifications (e.g. automatic lifts to assist with entry and exit of vehicles)
  • Lost wages

 

More Required Liability Coverage

Michigan’s “no-fault” insurance helps reduce the number of lawsuits between drivers because drivers typically turn to their own insurance provider to cover expenses but they can still be sued if they cause an accident that results in another person’s serious injury or death. That’s where liability coverage comes into play and how recent changes affect it.

Before July 1, 2020: Drivers have to buy a minimum of $20,000 of coverage for one person injured or killed in an accident and $40,000 of coverage for accidents with two or more people injured or killed.

After July 1, 2020: Drivers will be offered a default minimum of $250,000 of coverage for one person injured or killed in an accident and $500,000 of coverage for accidents with two or more people injured or killed. Drivers will be allowed to request and receive reduced minimums of $50,000 and $100,000 respectively.

 

Certain Personal Information Banned From Pricing

Each state set its own rules for what information insurance companies can or can’t use when pricing auto insurance. This included what kind of car you drive, annual mileage and dozens of other potential factors such as credit history and what level of education you last completed, and insurers used this personal information to calculate how likely a driver is to file a claim. On July 1, 2020, insurers will no longer be able to use gender, marital status, occupation, education, zip code, credit score or residential status to determine your rate. They will still be allowed to use certain information such as payment history and “territories” as an alternative to zip codes.

 

Limits On Medical Billing

Health care as a whole has become more expensive in the U.S. but medical claims resulting from car crashes are especially prone to price inflation. In fact, one study in Michigan found that while auto insurers sometimes paid more than $3000 for a patient’s MRI, Medicare typically paid $500 for the exact same procedure. That’s in part because Michigan law required insurers to pay whatever is “reasonably necessary” to treat crash victims. Disputes over what’s covered and its cost often end up in court, further driving up the costs of insurance for all Michigan drivers.

But on July 1, 2021, Michigan will institute a new medical fee schedule to cap how much insurers are required to pay for medical services and treatments. The limits would phase in starting at 200%-250% of what Medicare would pay for a medical procedure. The reimbursement rate will drop to 190%-230%, depending on the type of medical facility by 2023.

 

The Good & The Bad

Lawmakers and drivers alike believe these changes can help reduce the burden of what Michigan drivers are forced to pay for their auto insurance but it’s important to fully understand the changes and risks you now face by choosing less coverage. Remember, drivers pay for PIP coverage so their own auto insurer covers their (and their passengers) injury expenses after an accident. Choosing a lower coverage limit can reduce the cost of your insurance but if you are involved in an accident, your medical expenses will be paid only up to the limit you choose. Always consult your insurance agent to see what they recommend would work best for you.

 

 

If you find yourself searching for your next used SUV, minivan, truck or car to fit your needs and your budget, we invite you to check out all of our theft recovered inventory or all of our current inventory of Used Trucks, Vans, SUVs and Cars. At Broadmoor Motors, we specialize in finding the right used minivan, truck, SUV or car to fit your personal or business needs, all while giving you the best deal we can on both your purchase and trade-in. Our family has been in the car business for over 60 years and continues to be family owned and operated in all of our Caledonia, Hastings and Wayland locations with financing available to those who qualify. We will find you the right vehicle to fit both your budget and your needs in a pressure-free environment.

Check out our reviews online and buy with confidence!! Family Owned & Operated and with Financing Available, we stand behind our Vehicles and our Warranty so you can be assured your used Car, Truck, Van or SUV will be reliable! Broadmoor Motors is your local choice for Car Sales in the greater Hastings, Middleville, Caledonia, Grand Rapids, Wayland, Byron Center, Dorr, Hopkins, Kalamazoo, Battle Creek, Lansing, Lake Odesa, Kentwood, Holland, Zeeland, Moline, Cutlerville, Wyoming, Hudsonville, Grandville, Jenison, Hamilton, Ionia and Allegan. Ask about our BMG Protection Plan, this is not an aftermarket product! area. Let Broadmoor Motors save you time and money when buying your next quality, Pre-Owned Car, Family Minivan, All Wheel Drive SUV, Commercial Van or Work Truck. Whether you need to replace your current car, minivan, truck or SUV with a great used vehicle, we can help you out. Broadmoor Motors is here for all your Car Sales, and Auto Service needs in the Byron Center, Kentwood, Caledonia, Middleville, Hastings, greater Grand Rapids, Wayland, and Barry County area. With four locations to serve you in Middleville, Wayland, Hastings, and Caledonia, we’re here for all your Sales & Service needs. Give us a call at 616.698.9595 in Caledonia, 269.397.2400 in Wayland, 269.205.2613 in Middleville or 269.320.6304 in Hastings to see how we can get you back on the road!