Category Archives: Car Guide

selling-car

Things to Check Out Before Buying a Used Car

Whenever you decide to purchase a new vehicle, you’ll most likely have some questions and some decisions to make. For starters, do you want to purchase a brand new vehicle or a used car? Many people settle on the latter and for a number of reasons. If you simply need a to and from work solution, then a reliable used car makes sense. If you don’t have excess money to throw about on a new car, then a pre-owned vehicle can help you not break the budget. Whatever the motivation, you need to be sure to do your homework before you commit to any purchase. What are some things you should visually inspect before even test driving a car or having a mechanic look at it? Continue reading to find out about a few items that (should) make or break your decision to evaluate the vehicle any further.

Buying A Used Car
Photo Source: sandiegocashforcars.net
Inspect the Paint

Any used car is likely to have some issues – a couple of lights may need to be replaced, some of the carpet may be damaged or one of the windows might not roll down. These are usually associated with not properly maintaining the car (which can speak volumes about its condition), but many times, these are small issues that were never fixed because they just weren’t big deals. When it comes to paint, however, it is vital that you assess the situation. Flaky paint indicates neglect, while waves when looking at it from the side indicate that the used car has had a paint job (possible wreck in the past?). Rust is another huge problem: you don’t want to buy a used car with an underlying rust issue waiting to pop up in the coming months or years. You can visit Gumtree to find a variety of vehicles with quality paint jobs and not-so-great ones, which can help you learn how to identify potentially problematic cases.

Check Under the Hood

This seems so cliché, but even those who do not know much about working on new or used cars will be able to tell if some things are amiss. If you spot any dents, then you may be looking at a vehicle that was wrecked in the past. Damage to particular parts – such as hoses, the battery or radiator – may also indicate this. Again, rust is another thing to watch out for, as any rust under the hood indicates that the car has been taken care of poorly and is probably not worth purchasing. Every fender should also have a vehicle identification number – if it is not there, then that means that the fender has been replaced at some point.

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Buying New Cars

Buying New Cars: How to Know You’re Getting a Good Deal

Buying a new car holds certain advantages – you are getting the latest technology, you have a manufacturer’s guarantee concerning the state of the car, and you are buying a vehicle that can last for long years into the future. However, because new cars are also a large expense, it can be easy to worry that you are paying too much for a car without even knowing it. Fortunately, there are several ways to know that you are getting the best deal possible. Let’s review them.

Price Quotes

A price quote for a car is simply a stated price that a dealer will provide you for a specific model on request (if a dealer won’t give you a price quote, avoid them). This price quote is a great place to start for a few reasons. Not only does it show you how much dealers hope to sell the car for, but it also allows you to compare local dealers and see who offers the best prices…as well as who shows the best customer service.Buying New Cars

Invoice Pricing

Invoice prices are the prices that dealers pay for their cars, and can be found with a little online research. It’s common advice to shoot for the invoice price when negotiating, because dealers tend to get discounts on their cars well below even the “technical” invoice price.

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car-financing

Bad Credit Car Financing

A bad credit report reflects poorly on your financial life. In many cases, it locks you out of many financing opportunities because you have demonstrated an inability to manage your money well. It has however, come to light that this poor history is sometimes not a direct fault of the person. Financiers understand that you might have some capacity to meet monthly payments. Because of this the possibility of successfully bad credit car financing exists.

Repairing Your Credit

Getting cars on finance with bad credit is a good step towards improving your score. It gives you a chance to illustrate your good financial management skills, which will slowly but surely, build your credibility. This financing opportunity extends to those who have declared bankruptcy or those with no credit to begin with. If you can meet the repayments in a timely manner you will be able to salvage your credit score and increase future lending opportunities. It’s imperative that you choose a car that you can afford to forestall any defaults that can burden you with new fees and penalties.

Finding the Right Car

car-financingThe road to credit repair is a treacherous one, and should not be burdened by poor decisions- such as an expensive car. It’s important to go for the best, least expensive car you can when you are being financed to ensure you maintain a good handle on the repayments. Ideally, the car should be highly reliable, practical and have a great economy, regardless of whether it’s new or used. All your automotive desires should be subordinated first for credit repair as it is more critical.

Should You Secure The Loan?

The biggest disadvantage of bad credit car loans is their interest rates. In a bid to mitigate the risk the financier places in you, a high interest rate is charged. You can opt to choose a longer repayment period to manage the monthly repayments, but this will end up increasing the amount you pay back altogether.

One way to lessen the interest rates charged is to secure the loan. If you have some property that has equity, like your home, you can list it as security. Of course, this introduces a new risk because if you fail to keep up with the repayments, you risk losing the property as well.

An easier, less risky way of getting a better interest rate is to put down a sizeable deposit. 20% is the recommended percentage, but if you can raise more the better. This will reduce the total amount you have to borrow, and effectively reduce your interest rate. The advantage with this is that it can reduce your repayment period, if you so choose.

Compare Car Finance Deals

It is important to shop around to get the best deal. There has been an increase of lenders willing to finance would-be car buyers with bad credit. There is an abundance of comparative tools online that you can use to contrast the different deals available.

Don’t let your bad credit deprive you of the convenience of having your own car. Take a chance on bad credit car finance deals and you might be surprised how well it turns out.