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Used Car Buying Tips

Some of these used car buying tips won’t be new to you. Often the trick is just to apply what you already know. On the other hand, when it comes to expensive areas of life-like buying a car, one new thing learned can save you hundreds of dollars. Try some of the following.

1. Make a low offer. Okay, you knew this one. A trick you may not have used, though, is to make a low offer, and then leave your phone number with the seller. Time has a way of making sellers desperate, especially after you just helped convince them that they are asking too much.

2. Be careful with car price guides. Use the “blue book” etc, but try not to pay more than wholesale. I can’t think of many times when people I know have paid more than “blue book,” so these “average” sales prices are doubtful.

3. Talk to people. This is one of the simplest and effective used car buying tips. Just let friends, family and others know you’re looking for a car. Quite often people would be happy to avoid the whole process of advertising and showing their car if they could just get rid of it by giving a good deal to a friend.

4. Check out the engine. Have a mechanic look at the car, and tell you what it’s likely to need in the next year or so. Then make a list, so the seller can see in writing why you are offering less than he wants.

5. Auctions. See if there is a public auction in your area. If not, maybe you can go with a dealer friend and give him a $100 to buy a car for you.

6. www.carfax.com. It’s around $25 to run vehicle background checks for a month – long enough to find your next car. They’ll show the chain of title, accident reports for the car, and even safety and reliability scores for that model.

7. “Ugly” cars. Watch for cars that sit on the lot for months. Dealers will often sell these “ugly ducklings” at a loss just to move them. Again, you may want to leave your phone number with a low offer.

8. Rental company cars. They are sold fairly cheap when they get the new ones in. Buy at blue book wholesale or less, because they have had many different drivers, so they’ve more wear than normal.

9. Repos. Credit unions and some small banks do their own selling of repossessed cars. You usually bid on paper, maybe with a $50 deposit, and then get your $50 back if you’re not the winning bidder. If they don’t sell their own repossession, ask where they are sold.

10. Consider gas mileage. High mileage may be better, but maybe a car that costs $500 less will use only $400 more gas in the two years you expect to own it. Do the math.

Use the tips here the next time you are shopping for a used car. Meanwhile, why not learn a few negotiating strategies. This helps in many areas of life, and is the most important of these used car buying tips.

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Buyer Tips, For The Home, Helpful Tips

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Your Options in Car Financing

There are so many car financing options available how do you know which one is right for you? Read on to obtain information about all of the different options available and how to determine which one will provide you with the best benefits.

Many people take advantage of an option known as dealer financing. This is when you handle the financing of your new vehicle directly through the lender. Now, that doesn’t necessarily mean you’ll be making your payments directly to the dealer. Usually, they work with a finance company to provide the financing to you. There are definitely some benefits to this option. First, depending on your situation you may be able to obtain extremely low-interest rates; in some case you may be able to obtain a zero percent interest rate. In order to obtain this special rate; however, you will need to have excellent credit with no problems. If you have any problems at all on your credit history you will not qualify for the special interest rate although you will probably be able to still obtain a loan; just at a higher rate. When your credit report is not perfect ask yourself whether you could get a better deal at a bank.

Bank financing is an option that is typically available as long as your credit history is good. This means it doesn’t have to be perfect but you shouldn’t have any major flaws either. If you have already worked with the bank in the past this will increase your chances of obtaining a loan. While a bank interest rate may not be as low as what a car dealer can offer for individuals with excellent credit, it may be better than what you could obtain at the dealership if your credit is only ‘good.’

Another option you may wish to consider is credit union financing. Of course, this option is only available if you belong to a credit union. If you do happen to have a credit union membership; however, the rate available to you may be much better than what you can obtain through a bank or dealership.

These days it is also quite easy to simply go online and surf around for a quote from an online lender. This option has become so popular many lenders are now willing to compete with one another and offer very attractive rates. In the event you do not have perfect credit, this can be a good option for you; just make sure you fully understand all of the terms of the loan before accepting it.

Another option would be to simply borrow the funds from a family member of friend. Of course, this is extremely risky because it could cause problems in your relationship in the event that you run into a problem with the payments. But, if you can’t obtain a loan elsewhere because of credit problems this may be a good option.

Finally, you may wish to consider refinancing your home or taking out a home equity loan in order to finance the cost of your new home. This basically allows you to pay cash for your vehicle with the proceeds of the loan and then paying back the money through the refi loan. In some cases you may be able to get a better interest rate with this route than you would with a traditional bank auto loan. In addition, the interest you pay on the loan is tax-deductible. Like other options; however, there are some disadvantages. With this option, be aware that you could be putting your house at risk, not just your car, if you run into a problem and can’t make the payments in the future.

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Buyer Tips, Helpful Tips, Interesting

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Gas Saving Tips

Are you tired of the continuing rise in gasoline price? If you are, you’re not alone.  In this article, you’ll find a few excellent tips designed to help you save a bit of your hard-earned money.

First, it’s always best to purchase your gas either first thing in the morning or late at night.  The reason for this is because gas is denser at a cold temperature, so you’ll basically be getting more for your money.

Secondly, check your local gas prices to find the best price available.  You can check your local gas prices online as well, which will prevent you from wasting gas while driving around to look for the best price.

By keeping your car well maintained, you can help improve fuel consumption.  By simply tuning your car, you can decrease your fuel consumption by up to 20 percent.  Also, you should keep your tires properly inflated and aligned.  Tires that are under inflated will cause fuel consumption to increase by 6 percent. You should also make sure that you change your oil and air filters on a regular basis as well.

Other tips to keep in mind are to drive by staying in the posted speed limits, as the faster you drive you will use more fuel.  Whenever possible you should use overdrive, as this will help fuel and also improve the wear on your engine.  You can also combine your errands by making a list of things that you have to do, as the more you cold start your engine, the more fuel you’ll be using. 

By taking the time to do these tips, you’ll be amazed at just how much fuel you can save.  Gas prices are becoming ridiculous these days, which is why you want to do your part to converse little drop that you can.

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Helpful Tips, Interesting

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The Incredible Value of the New York Pass

If you’re planning to visit New York City it really pays to make the investment in The New York Pass. This pass will allow you free entrance into some of the biggest attractions that New York has to offer in addition to discounts to many more attraction and a 140 page guide-book that gives you information about many of the places you won’t want to miss while you’re visiting this great city.

Some of the places that you are allowed free admission by way of your New York Pass include the following: The Empire State Building, the Statue of Liberty and Ellis Isle with a free round-trip ferry ticket and gives you skip ahead privileges for the ticket line, free admission to the Guggenheim Museum (though you may need to pay additional fees for special exhibitions), the New York Skyride, and the Intrepid Sea, Air, and Space Museum. These are just a few of the many places you can go for no additional fees. If you’re planning to fit many activities into your time in New York, this is by far the best way to go.

There are often offers for discounts if you are purchasing multiple days of The New York Pass, the fact remains however that if you are choosing more than two events on any given day you’ll probably be saving money on admission alone by purchasing the pass. If you’re only planning on one paid activity per day then you’re better off not making the purchase of a pass. With all vacations there are simple matters of economics involved. There are two forms of economics that come into play on a vacation-money and time. Time is often the most carefully guarded of the two while vacationing and people forget to pay attention to cast budgets as a result feeling it is better to waste money than to waste time.

I personally like to waste neither. I enjoy the skip ahead privileges that having city passes often allow as well as the knowledge that I’ve already paid for the days activities and can keep a better eye on where the remainder of my funds are being spent.

In addition to the many freebies that are involved as a result of the New York Pass there are also invaluable discounts that you can get on dining, souvenirs, even tours such as the New York Helicopter Sightseeing Tours. And then there are some tours that having a New York Pass will allow you to experience for free as well. Among those are: the United Nations Tour, The NBC Studio Tour, the Radio City Music Hall Stage Door Tour, the Rockefeller Center Tour, and the Tour at Lincoln Center.

The pass will introduce you to museums and zoos with free admission that you may not have otherwise considered and open the doors to extra entertainment for the entire family. If you’re going to be in New York for an extended period of time, 3 days or more, and plan to take a lot of tours and do a lot of sight-seeing on your trip, I seriously recommend that you buy the New York Pass and use it every chance you get for free entrance fees and merchandise or food discounts and freebies. This is by far one of the best tips anyone can give you about your visit to New York and your budget. I also recommend tailoring your experience to the free things offered as much as possible and save your money for gifts, mementos, and the wonderful food and shows that abound in this fabulous city. Be sure to pay close attention when ordering tickets and checking to see if you are entitled to a discount because of your New York Pass. Do your best to enjoy your time and try not to fit too many things into one day. There are only so many hours in a day and while New York may be the City that Never Sleeps, we all need to sleep sometime.

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Enjoy Other Places

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Finding a Bargain on a New Vehicle

We have all heard that depressing statement that a new vehicle depreciates in value the second you pull away from the dealership. I used to think that was an exaggeration until my friend got into a wreck in her Dodge Durango a week after she purchased it. The insurance wouldn’t give her enough to cover buying a new one even though she was not at fault in the accident. She had to get an attorney and eventually she was able to get a new vehicle to replace it, but not without quite a circus taking place around the issue for a couple of months.

Buying a new vehicle is one expense that you have to consider very carefully. Those monthly payments can sure take a chunk out of your disposable income. You also have to consider the cost of license plates, insurance, gas, and regular maintenance on the vehicle. To help you find the very best bargains on the new vehicle of your choice you will want to conduct some research before you start negotiations with the salesman.

There are a variety of ways to find out the book value on a particular vehicle. You can go to www.NADA.com or www.KellyBlueBook.com. You can get a very detailed price by listing the make of the vehicle, the various accessories it offers, and the mileage. This information will help you find the lowest price you can expect to purchase that vehicle for.

Next, take a close look at your credit report so you know exactly what interest rate you can expect on a new vehicle. This way you don’t waste your time haggling with the sales. See what they offer you for a price and financing before you bring your information into play. If they match or beat it then great. If they want to give you higher price or interest rate, present your researched information. If they won’t sell you the vehicle for that price with that interest rate then go somewhere else.

October is a very good time of year to start considering the purchase of a new vehicle. This is because they want to start clearing out vehicles on the lot to make room for the next year’s models that will soon be arriving. Since many vehicle dealerships don’t see much in the way of sales over winter due to the cold and the holiday season, they are more likely to present you with the deal of the century to make the sale.

If you see other sales around the holidays they may be a good time to save money as well. The key to making sure it is a bargain is to make sure the cost hasn’t been inflated or your interest rated jacked up a percent or two to cover the promotional cost of the vehicle. Too many people get caught up in what they see on the windshield of a vehicle rather than looking at the big picture.

New vehicles often end up with a scratch or a dent on them soon after you buy them. While this can be very upsetting you really can’t do much about it. Someone leaving their shopping cart in the parking lot of the store can result in the wind running it into your vehicle. You can find great deals of new vehicles that have some body damage such as small scratches and even hail damage from a recent storm. In most cases you will save several times what it costs you to repair the damage.

To motivate customers to make a purchase of a new vehicle instead of just looking many dealerships offer incentives like 0% financing and cash back. Make sure you find out all the details of such promotions as they may be a good way to save money or they may cost you more in the long run. Take the time to calculate all the possible scenarios so that you get the bargain you were after with your new vehicle purchase.

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Bargain Hunters

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