What kind of down payment do I need to finance a car? - Thu Jul 28 2016
This is probably the top question we get behind what will my payments be. This will vary between dealers and finance companies. At Thompson Auto Sales we currently have three sub-prime (bad credit) lenders and one prime lender (good credit) that we work with. Our finance companies have a minimum of 15-20% of purchase price as a down payment. Sometimes more is required but that would have to be determined after you submit your credit application. For Example on a $7,000 vehicle you can expect to bring a minimum of $1050 -$1400. Again to find out the exact amount a credit application would need to be submitted. You can submit your credit application here: https://secure4.waynereaves.net/credit?loc=801&blank=false You can also choose to go through a local credit union or your bank. I personally believe this is the best option. Many times you only have to pay the tax, tag and title fees, with no additional down payment. If you have good/decent credit (600 above) a credit union may be the best option for you if you have to finance. As always if you can truly the best option is to pay cash for your vehicle. Because cash is less time consuming and overall an easier transaction we always offer cash discounts. All prices listed, unless otherwise noted, on our website is the financing price. If you are unsure about your options give us a call at 352-507-7071
Should I buy a new car or a used car? - Mon May 16 2016
This is truly a personal decision. My husband (Randal) and I previously worked for a new car dealer (many years ago). There really is something special about opening a car door and seeing 1-20 miles on the odometer, truly having a “new” smell, knowing there is NO history on this vehicle (you are going to make its history) and all the glitz and glamour that go along with buying a “new” car. But honestly all of that “new” wears off pretty quickly and you are left with a quickly depreciating vehicle. Buying a used car can be scary: has it had any accidents? Is the odometer accurate? Has there been flood damage? What kind of mechanical problems are there? And the list goes on. The truth is when we sell a vehicle we do check Auto Check and we have the owner of Thompson’s Garage with 30+ years of experience look over our vehicle. We always fix any obvious problems. For example at this time we only have 4-5 vehicles for sale but we have another 5-6 waiting for repairs, we will NOT advertise or place for sale any vehicles that have not been repaired. So with all these scary issues with used cars why do people buy them? For many reasons. Depreciation is a huge problem with new cars. 1. Money: some people prefer to pay cash for vehicles but don’t have 20,30 or even 40,000 to spend on a new car. Often times you can get more car for your money if you buy used. 2. Financing: some buyers may not qualify for financing at new car dealers which is often stringent. Whereas used car dealers normally offer sub-prime financing which means we can almost finance everyone. 3. A good deal: let’s face it there are A LOT of good used cars. Often times the vehicles are mechanically sound and do not have a “scary” history. Randal and I are also doing Dave Ramsy Financial Peace University. In this class he teaches that "New cars lose 70% of their value in the first four years." I also keep reminding myself of the story he tells about a guy that was going to buy a new Mercedes back in the late 80's. The car was $40,000 instead of purchasing the car he bought a used $6,000 vehicle and invested the remaining. That money was worth $350,000 at the time the video was made. Here is a link to Daves blog about this topic. http://www.daveramsey.com/blog/saying-no-to-new-cars/
Where in Chiefland can I get an oil change? - Mon Dec 21 2015
This topic I am a little bias on because, in my opinion, the best mechanic in Chiefland is Ron Thompson at Thompson’s Garage. Yes he is the owner of Thompson Auto Sales father. But even if he wasn’t I would still say he is the best. His father started Thompson’s Garage over 40 years ago. Since that time they have been taking care of friends, family and the community. Ron tries his hardest to do right by the community in offering ridiculously low prices. He doesn’t charge customers by the hour to work on their vehicles, he charges by the job. This can take away the fear of “how much is this going to cost me?” And the wonder of if they actually worked on my vehicle for that many hours. He also only charges $10 dollars to do an oil change (bring your own oil). You may ask how can he afford to do this and why is everyone else charging so much? The answer has “low overhead.” He is a one man shop, but don’t let that scare you he is ridiculously fast at working on vehicles. With these ridiculously low prices, his experience and great community reputation, is there anyone else you would choose to work on your vehicle? Contact Thompson’s Garage for more details and tell him we sent you!!! 352-493-9739
Where in Chiefland can I get my car detailed? - Thu Dec 03 2015
Where in Chiefland can I get my car detailed? We have by far the best detail guy in Chiefland, Levy County and possibly even Alachua County. His name is Larry Jordan at L&S Detail. He has taken some vehicle that I never thought would be pretty (or clean) again and turned them into Diamonds. Larry can turn any car back to its former glory just like it is new. He offers all kind of services including: wash, wax, carpet cleaning, smoke smell removal, headliner cleaning and much more. Give Larry a call at 352-949-6255 and tell him we sent you!!!
Will I get more money selling my car private or trading it in at the dealership? - Mon Nov 30 2015
We have always stood behind the fact that you can almost ALWAYS get more money selling your vehicle as a private seller. The difference is if you want the hassle of selling a vehicle yourself? Also if you have an older car that is under ~$3000 you can likely sell it easily. However, more expensive vehicles are harder to sell. If I take a vehicle in on a trade-in I have to be able to sell it or take it to auction to at least break-even. We are a small used car-dealership and personally cannot afford to take a loss at this point in time. We keep our numbers very simple, not fancy or “fuzzy” math going on. Other dealers may be able to offer you more for your trade-in and sometimes they do take a loss. But be careful of that loss or overly exaggerated trade-in value by checking what your car is worth and watching dealer fees, they are likely making up the difference somewhere in a fee to you. If you ever have a question about trade-in please feel free to contact Randal 352-317-4193
Welcome to Thompson Auto Sales (Our Story) - Tue Nov 24 2015
Hello. Welcome to Thompson Auto Sales. We have been in business for a little over a year. We started this business because of our first daughter Payton. She was born with a genetic condition called Trisomy 18 in December 2013. This was a big shock to us. We quickly realized with all of her doctor appointments, therapy appointments and in-home visits that we couldn’t continue to work “regular” jobs. So in April of 2014 we started working on the process of getting our dealer license. By August, for Randal, and November, for Kristen, we was both entirely self-employed. Yes, what a scary thought. But we wanted to spend as much time with our daughter as possible, we still don’t know how much time we will have with her because of this genetic condition, as she has already outlived her life expectancy of one year (Praise God). We sold our first car in October to my brother, gotta love family support. We started offering financing in March of 2015 and now the majority of our vehicles are sold through financing. We have slowly made our office into almost something to be proud of (it is still a working progress), we have banners and flags outside now that make us look like a “real car dealership.” But overall we just really want this to be our life and be a part of this community. We have always said we don’t want to be a “used car dealership” we want to be in the people serving business-We want to do what is right! We hope to be able to continue to serve the community and I hope that once the business starts growing that we will be able to start giving back to the community. We are so proud and happy to be a part of the Chiefland community and hope to be here a long time.