Blog Page in Lincoln NE at Miracle Mile Motors

At Miracle Mile, we understand the challenges that individuals face when purchasing a vehicle, especially in the current economic climate where auto loan rates have soared to unprecedented heights. As a premier used car dealership serving Lincoln, Nebraska, we are committed to providing our customers with not only high-quality pre-owned vehicles but also the opportunity to secure financing that fits their budget.

The recent surge in auto loan rates has undoubtedly placed a strain on car buyers across the country. According to recent data, the average finance rate for a new car loan with a 48-month term peaked at 8.3% in August 2023, marking the highest point in over two decades. Coupled with soaring new and used car prices, these elevated rates have made purchasing a vehicle more challenging than ever before.

However, amidst these challenging times, there is a glimmer of hope on the horizon. Experts are predicting that auto loan rates could finally start to decrease in 2024, offering much-needed relief to cash-strapped Americans and revitalizing the automotive industry as a whole. One of the primary factors driving this potential decline is the anticipated drop in the federal funds rate, which is closely tied to consumer lending rates such as auto loans.

Since March 2022, the U.S. Federal Reserve has implemented a series of rate hikes in an effort to combat inflation. However, with inflation showing signs of tapering off, economists are optimistic that the Fed may soon reverse course and begin lowering interest rates. If predictions hold true, we could see multiple rate cuts throughout the year, potentially bringing the federal funds rate down to 3.83% by the end of 2024.

At Miracle Mile Motors, we recognize the significant impact that lower auto loan rates could have on our customers. Reduced APRs would not only make cars more affordable but also alleviate some of the financial burdens associated with vehicle ownership. With lower financing costs, individuals who have been hesitant to make a purchase may find themselves in a better position to buy their dream car.

Moreover, lower rates could present opportunities for current loan holders to refinance their existing loans, potentially saving money and reducing their monthly payments. Our dealership is committed to assisting customers throughout the refinancing process, ensuring that they secure favorable terms that align with their financial goals.

As we look ahead to 2024, we encourage car buyers to consider the potential benefits of purchasing a used vehicle from Miracle Mile. With an extensive selection of high-quality pre-owned cars, trucks, and SUVs, we have something for every budget and preference. Additionally, our experienced finance team is dedicated to helping customers secure competitive financing rates, making the car buying process seamless and stress-free.

While the future of auto loan rates remains uncertain, one thing is clear: Miracle Mile Motors is here to support our customers every step of the way. Whether you're in the market for a reliable used vehicle or exploring refinancing options, we're committed to helping you achieve your automotive goals. Visit us today and experience the Miracle Mile difference for yourself!

When it comes to finding the perfect family car in Lincoln, Nebraska, there's so many options to consider. From spacious interiors to top-notch safety features, families need a vehicle that can accommodate their busy lives while keeping everyone safe and comfortable on the road. At Miracle Mile Motors, we understand the importance of finding the right family vehicle, which is why we're dedicated to providing a wide selection of quality pre-owned cars that meet the needs of families like yours.

Spacious Interiors

One of the key factors families consider when choosing a vehicle is space. Whether you're carting around kids, pets, sports equipment, or groceries, having ample room in your car is essential. At Miracle Mile Motors, we offer a variety of pre-owned vehicles with spacious interiors, including SUVs, minivans, and crossovers. From third-row seating options to adjustable cargo space, our inventory has something for every family size and lifestyle.

Safety First

When it comes to family transportation, safety is paramount. That's why all of our pre-owned vehicles undergo rigorous inspections to ensure they meet the highest safety standards. From advanced airbag systems to collision avoidance technology, many of the cars on our lot come equipped with the latest safety features designed to protect you and your loved ones on the road. Additionally, our knowledgeable staff can help you find a vehicle with top safety ratings from trusted sources like the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS).

Family-Friendly Features

We know that keeping the whole family entertained and comfortable during long car rides is crucial. That's why many of the pre-owned vehicles at Miracle Mile Motors come equipped with family-friendly features such as rear-seat entertainment systems, Bluetooth connectivity, and power outlets for charging devices. Plus, with options like built-in navigation systems and hands-free calling, you can stay connected and focused on the road ahead without sacrificing convenience.

Affordability and Value

At Miracle Mile Motors, we believe that every family deserves a safe and reliable vehicle at a price they can afford. That's why we offer competitive pricing and flexible financing options to help you find the perfect car for your budget. Whether you're looking for a budget-friendly sedan or a fully loaded SUV, our experienced team is here to help you find a vehicle that meets your needs without breaking the bank.

When it comes to finding the ideal family car in Lincoln, Nebraska, look no further than Miracle Mile Motors. With our extensive selection of quality pre-owned vehicles, commitment to safety, and dedication to customer satisfaction, we're confident that we can help you find the perfect vehicle for your family's needs. Visit us today to explore our inventory and experience the Miracle Mile Motors difference for yourself!

Hello, Lincoln! As we commemorate Presidents' Day, Miracle Mile Motors is thrilled to celebrate the spirit of American craftsmanship, for which without it, we would not be here today. Join us in honoring our nation's history by exploring our exceptional selection of American-made used cars and taking advantage of our unbeatable used car deals in Lincoln.

A Legacy of American Excellence

At Miracle Mile Motors, we take pride in offering a diverse range of high-quality used cars, many of which are proudly made by American automakers. From iconic muscle cars to reliable family vehicles, American-made cars have left an indelible mark on the automotive industry and continue to represent the ideal of engineering and design.

Explore Our American-Made Inventory

Whether you're searching for a rugged pickup truck, a stylish sedan, or a versatile SUV, we have the perfect American-made vehicle to suit your needs and budget. Our extensive inventory features popular models from top American automakers, including:

Ford: Experience the legendary performance and reliability of Ford vehicles with models like the Ford F-150, Ford Mustang, and Ford Escape.

Chevrolet: Discover the timeless appeal of Chevrolet cars and trucks, such as the Chevrolet Silverado, Chevrolet Camaro, and Chevrolet Equinox.

Dodge: Feel the power and excitement of Dodge muscle cars like the Dodge Charger and Dodge Challenger, known for their bold styling and exhilarating performance.

Jeep: Embark on your next adventure with a rugged Jeep SUV, such as the Jeep Wrangler or Jeep Grand Cherokee, designed to conquer any terrain with confidence.

Exceptional Deals and Financing Options

This Presidents' Day, we're offering incredible deals and financing options to help you drive home in the American-made pre-owned car of your dreams. Whether you're looking to purchase outright or finance your vehicle, our experienced team is here to assist you every step of the way.

Enjoy special discounts, competitive pricing, and flexible financing terms designed to make your car-buying experience easy, affordable, and stress-free. Plus, take advantage of our trade-in program to get top dollar for your current vehicle and apply it towards your purchase.

Celebrate Presidents' Day with Miracle Mile Motors

Join us at Miracle Mile Motors this Presidents' Day and experience the thrill of driving an American-made car that represents the best of our nation's automotive heritage. With our exceptional selection, unbeatable deals, and commitment to customer satisfaction, there's never been a better time to find your perfect vehicle.

Visit us today and discover the magic of American-made cars at Miracle Mile Motors!

As Valentine’s Day approaches, it's time to think outside the chocolate box! At Miracle Mile Motors in Lincoln, Nebraska, we believe that the gift of adventure and shared experiences is priceless. That's why we've handpicked a selection of affordable used cars that are perfect for couples. Whether you're embarking on life's journey together or looking to add a spark of excitement, these cars are your ticket to shared adventures.

Why a Car Makes a Perfect Valentine's Gift

Gifting a car is about giving the gift of new experiences, freedom, and the joy of the road. Choosing a used car means you get all the benefits of a great vehicle without the hefty price tag, making it a thoughtful and practical expression of love.

Miracle Mile Motors' Valentine's Picks:

The Compact Cruiser – 2018 Hyundai Elantra

Ideal for urban couples, the 2018 Hyundai Elantra combines efficiency with comfort. It's a reliable companion for daily commutes and weekend city escapades, offering a smooth ride and great fuel economy. Plus, its sleek design means you'll always arrive in style.

The Road-Trip Ready Midsize SUV – 2021 Subaru Outback

For couples who crave adventure and spontaneity, the 2021 Subaru Outback is a dream. With its all-wheel drive and spacious interior, it's perfect for impromptu road trips or outdoor excursions. Plus, its safety features ensure you're well-protected on any path you take.

The Family-Friendly SUV – 2021 Ford Explorer XLT AWD

If you're planning for a future with little ones or love to travel with friends, the 2021 Ford Explorer is your go-to. With ample space, modern comforts, and robust performance, it's built for families and groups who love to explore together.

The Executive’s Choice – 2020 Lexus RX 350 AWD

For couples who appreciate the finer things in life, the 2020 Lexus RX 350 AWD stands out. It's not just a car; it's a statement. With its luxurious interior, advanced technology, and exhilarating performance, it transforms every drive into an exclusive experience.

Why These Cars For Valentine's Day?

Each car we've selected offers a unique blend of features, from cozy interiors for those intimate conversations to dynamic performance for the thrill-seekers. With a variety of price points, we cater to every couple's needs and budgets.

This Valentine's season, Miracle Mile Motors is thrilled to offer exclusive deals and attractive financing options. Don't miss out on the opportunity to make this day unforgettable with a gift that truly keeps on giving. Go beyond the ordinary and choose a gift that brings endless possibilities for adventure and togetherness. Visit Miracle Mile Motors in Lincoln, Nebraska, and let us help you find the perfect car for your love story!

Eager to explore our selection? Stop by Miracle Mile Motors or browse our online inventory today. For more information or to schedule a test drive, feel free to contact us at (402) 475-1047. Let us be a part of your journey this Valentine's Day!

In Lincoln and beyond, our choices about the cars we drive can profoundly impact our environment. Choosing a pre-owned vehicle is a powerful step toward a more sustainable world, and here’s why.

The journey of a new car begins long before it graces the dealership floor. It starts with resource-intensive processes such as raw material extraction, manufacturing, and transportation. Each of these stages contributes to the vehicle's initial environmental toll. By opting for a pre-owned car, you sidestep much of this initial impact. Every pre-owned vehicle purchase helps reduce the cumulative carbon footprint associated with new car production, making it a greener choice from the get-go.

Embracing pre-owned vehicles is akin to endorsing a form of recycling. Rather than spurring the creation of new vehicles, choosing a pre-owned car extends the useful life of existing resources. This choice significantly reduces waste and conserves materials, contributing to a more sustainable automotive ecosystem. In addition, many pre-owned vehicles, especially those manufactured in the last decade, showcase impressive fuel efficiency. For those in Lincoln not ready to transition to electric or hybrid vehicles, a fuel-efficient pre-owned car offers a sensible and environmentally friendly alternative.

Affordability is one of the most compelling attributes of pre-owned cars. This economic advantage enables more people to make sustainable choices, broadening the impact of eco-friendly practices. At Miracle Mile Motors, we believe in the synergy between affordability and sustainability. Opting for a pre-owned car often allows our customers to allocate their savings towards other green initiatives, enhancing their overall environmental stewardship.

Choosing a pre-owned vehicle at Miracle Mile Motors doesn't mean compromising on quality. Our vehicles undergo rigorous inspection and maintenance to ensure they meet high standards of performance and safety. This commitment not only extends the life of the car but also ensures that its environmental impact is minimized over its lifespan. Our mission extends beyond selling cars; we're dedicated to educating and empowering our customers. By providing insights on maintaining and utilizing pre-owned vehicles efficiently, we align with eco-friendly principles and maximize the lifespan and efficiency of each car.

In conclusion, as we move towards a greener future, the importance of pre-owned cars becomes increasingly significant. These vehicles offer a practical, budget-friendly, and environmentally conscious choice for drivers in Lincoln. Opting for a pre-owned car is more than a financial decision; it's a declaration of commitment to a sustainable future.

Join us at Miracle Mile Motors as we drive towards a brighter, greener tomorrow. Stop by to find your next eco-friendly, quality pre-owned vehicle, and be a part of this positive change.

Are you in the market for a new set of wheels? It's time to explore the treasure trove of opportunities that await you in the world of used cars. At Miracle Mile Motors in Lincoln, we believe it's a fantastic time to buy used, and in this blog entry, we'll tell you why.

Used Cars are Resilient

Used cars have come a long way in recent years. It isn't like how it used to be where it was almost unthinkable for a car that was only several years old to be viable and understood to have much more life left on the road. Modern vehicles are built to last, and they maintain their quality and performance for a more extended period than ever before. When you buy a used car, you're investing in a vehicle that has already withstood the test of time. With the right maintenance and care, used cars can offer you many more years of reliable service.

A Wide Variety of Options

One of the most significant advantages of buying used is the vast array of options available to you. At Miracle Mile Motors, we have a diverse inventory of used cars, from compact and fuel-efficient models to spacious SUVs and powerful trucks. This means you can find a vehicle that perfectly matches your needs, preferences, and budget. Whether you're a first-time car buyer, a student, or a family looking to upgrade, we have something for everyone.

Depreciation Isn't Your Problem

New cars start to depreciate the moment you drive them off the lot. In fact, new cars can lose up to 20% of their value within the first year. With a used car, you let someone else absorb that initial depreciation hit. Your investment remains more stable, and the resale value of your vehicle is likely to be higher when it's time for you to move on to another car.

Certified Pre-Owned for Peace of Mind

At Miracle Mile Motors, we offer an array of certified pre-owned (CPO) vehicles, which provide the perfect balance of new-car quality and used-car affordability. These vehicles undergo rigorous inspections and come with extended warranties, ensuring that you're getting a reliable, like-new vehicle without the hefty price tag.

Environmental Benefits

Choosing a used car can also be an eco-friendly decision. By extending a car's lifespan, you're reducing the demand for new vehicle production and all the associated environmental impacts. Additionally, older cars are often less resource-intensive to maintain and repair, contributing to a more sustainable future.

Competitive Financing Options

We understand that buying a car, whether new or used, is a significant investment. At Miracle Mile Motors, we work closely with financial institutions to provide competitive financing options, making it easier for you to get behind the wheel of the car you desire. Our experienced finance team can help you find a loan with the best terms and rates for your budget.

Whether you're looking for a budget-friendly option, a stylish sedan, or a family-friendly SUV, we've got the perfect vehicle for you. Our selection, quality, and competitive financing options make this the ideal time to buy used.

Join us at Miracle Mile Motors and take advantage of the incredible value that used cars provide. Discover the peace of mind that comes with a certified pre-owned vehicle and the financial benefits of avoiding new car depreciation. It's a great time to buy used, and we're here to help you find your dream car at a price that fits your budget. Come visit us today and let us make your car-buying experience a miracle.

Are you considering buying a used or pre-owned car? If so, you're about to embark on an exciting journey that can lead to a reliable and cost-effective vehicle. However, the world of car shopping can sometimes be filled with unfamiliar terms and jargon. To help you navigate this terrain with confidence, Miracle Mile Motors in Lincoln, Nebraska, is here to provide you with a comprehensive guide to car shopping terminology, focusing on buying used cars.

1. Certified Pre-Owned (CPO)

Certified Pre-Owned vehicles are typically late-model used cars that have undergone rigorous inspections and have met specific manufacturer criteria. These cars come with extended warranties, giving you peace of mind that you're getting a vehicle that's been thoroughly examined and is in excellent condition.

2. Depreciation

Depreciation refers to the decrease in a car's value over time. When buying a used car, it's essential to consider how much depreciation has already occurred, as this directly affects the vehicle's current market value.

3. Vehicle History Report

A vehicle history report provides a comprehensive overview of a used car's background. This report includes information about accidents, title status, ownership history, and more. It's a valuable tool for assessing the car's condition and reliability.

4. Blue Book Value

The Blue Book value is a widely recognized and trusted resource for determining the fair market value of a used car. It considers factors such as make, model, year, mileage, condition, and location to estimate a vehicle's worth.

5. Pre-Purchase Inspection (PPI)

A pre-purchase inspection is a crucial step when buying a used car. It involves having a trusted mechanic inspect the vehicle to identify any hidden issues or potential problems. A positive PPI can give you added confidence in your purchase.

6. Title

The title is a legal document that proves ownership of the vehicle. It's important to ensure that the title is clean, meaning there are no liens or legal issues associated with the car.

7. As-Is

When a car is sold "as-is," it means that the seller is not providing any warranties or guarantees regarding the vehicle's condition. This term highlights the importance of a thorough inspection and due diligence before buying.

8. Salvage Title

A salvage title is issued when a car has been significantly damaged or declared a total loss by an insurance company. While these vehicles may be cheaper, they often come with hidden issues and are challenging to insure.

9. VIN (Vehicle Identification Number)

The VIN is a unique alphanumeric code that identifies each vehicle. It's used to track a car's history and can be used to obtain a vehicle history report.

10. Trade-In Value

Trade-in value refers to the amount you can receive for your current vehicle when you trade it in for a new or used car. This can help reduce the cost of your new purchase.

11. Extended Warranty

An extended warranty is additional coverage that can be purchased for a used car, providing protection against unexpected repairs. It can offer peace of mind when buying a used vehicle that is no longer covered by the original warranty.

Navigating the world of used car shopping can be a breeze when you're familiar with the terminology. At Miracle Mile Motors in Lincoln, Nebraska, we aim to make your car-buying experience as straightforward as possible. Our team is here to help you understand the ins and outs of purchasing a used car and to provide you with all the necessary information to make an informed decision.

Don't let unfamiliar terms intimidate you during your used car shopping journey. Armed with this guide, you can confidently explore the wide selection of high-quality used cars at Miracle Mile Motors. Remember, knowledge is your best ally when purchasing a used vehicle. Happy car shopping!