"Who Else Wants To Know Every Dollar
Saving Trick,
Every Scam-Stopping Tip,
And Every Must-Know Bit Of Information
You
Need When Buying A Car!"
We show you the one thing you should do before
you even go to
the dealer. The one thing to do when you decide what
used car you want! How
to buy a car Ebook with bonus`s
Have you ever felt like you bought an auto and financed it and
don't really know if you got the right price or financing arrangements
after it was all over? Well, don't feel alone. This is a common
experience for many people who make auto purchases.
Guidelines for negotiating the car price can be found elsewhere,
but we want to share some helpful tips on getting that vehicle
financed at the best rates and terms for you.
The first step is to make sure that you negotiate the car's
price separate from the vehicle financing arrangements. Most
dealers want to lump it all together because they can hide quite
a bit of the actual price of the vehicle in the loan contract,
and they will usually just try to meet a monthly payment figure
that you can live with rather than disclose all the details about
the loan.
So your work actually should begin before you ever visit the
dealer lot. Try to determine beforehand what vehicle(s) you are
interested in buying and become familiar with the average cost
for that vehicle, either online or locally. Then make sure that
it will fit your budget. Most financial experts recommend that
you shouldn't spend more than 10% of your monthly income on vehicle
costs, including the loan, gas, repairs, insurance, etc.
Since you now know the price that you want to pay, you need
to find out what the loan will cost, so visit some auto loan
websites and/or local banks, and apply for an auto loan. See
what rates and terms they offer you. Much of that will be determined
by your credit history. If you can get pre-approved for a loan,
all the better.
Experts also recommend that you try to put at least 20% of the
car price on the loan as a down payment toward the purchase of
the vehicle, either in cash or in the trade equity of your current
vehicle. Why? Well, so many people are being put into loans these
days with longer and longer payback periods and little down payment
and the net result is that if they want to trade that car in
within the first year or so they find that they actually may
owe more on the car than it is even worth. So using sound financial
decisions beforehand can prevent this from happening.
Now, using all of this information, the price you are willing
to pay for the vehicle you want, the average loan you can get,
and the best terms that you can get that will fit within your
budget, you are now ready to visit the dealer, find the vehicle
you have been thinking about and get the deal that will fit your
needs. Remember to negotiate the price of the vehicle without
financing first. After you settle on the sales price you can
then reveal what finance terms you already have found and see
if they can beat it.
Get the particulars in writing too. What is the price for the
new vehicle? What is the trade amount for your old vehicle if
you have one? If you finance through the dealer, what is the
APR, the total amount financed, the total amount paid at the
end of the loan, the total number of payments and the monthly
payment figure itself? If the dealer will not give this clear,
concise information, leave and go somewhere else to buy. If they
can compete with your prearranged loan terms, then great. If
not, get your auto loan elsewhere.
A word of caution. Keep it to business. It's exciting to buy
a new car and it's also easy to get carried away and buy more
vehicle than you need or previously wanted just because it looks
so good or has so many features that the dealer will try to convince
you that you can't live without. Having predetermined what car
you want and the price you are willing to pay will keep you safe
in these negotiations but only if you stick to your guns and
don't give in to being upsold.
Using these strategies keeps you in control of the negotiation
process and keeps you informed all along the way so that you
can be confident that the vehicle and the auto loan you purchase
is indeed the deal that you wanted.
About The Author
Duane Lipham is a senior editor for http://www.loans.dlbws.com which
provides free information and resources for auto, personal, mortgage,
home equity, and refinance loans.
Car Finance Loan: When you can't just wait to buy a car
After buying your own home, one of the most expensive
purchases you
will decide on is buying a car. Along with
the car, car-related expenses,
like fuel, maintenance and
insurance, even accessories, can get a big
chunk from your budget.
Sure, you will be kicking a few tires but that will only be
half of the battle. Know your limitations even before looking
for that new car. If you would be paying for all car-related
expenses, don’t forget to spend no more than 10% of
your total earnings.
When negotiating for the price of your car, decide first on
a price range and how much your down payment will be.
Should you choose a long arrangement under a car finance
loan, your down payment would be at the minimum. If you
decide to trade the car within the first year, you will realize
that you actually owe more than your car is worth. As a
general rule, never apply for a car finance loan that is
more than 80% of the price of the car, as indicated in
the dealer’s invoice. Try to pay in cash or have equity
for the car which is about 20% of the car’s true cost.
Usually, your car dealer will send you to their in-house
financing department
for a car finance loan. Dealers may
have less-restrictive requirements
than banks, however,
they could insist on cut-rate car financing loans
for you
to apply for. Such car finance loans have 3% interest rates
that
could be attractive for the unsuspecting customer.
Unfortunately, these
low interest rates only apply only
to certain models or short term car
finance loans of 12
months tops. You’ll be surprised at how dealers make
a lot of money on car finance loans, even when it’s done
through the
manufacturer.
As a good rule of thumb, always negotiate the price before
you reveal
that you are thinking about applying for a car
finance loan. If they
know ahead of time that you plan on
wrapping up the deal with a car
finance loan, they will
frequently try to create a dilemma for you by
giving
you
a lower rate on a higher price or a lower price at a higher
finance
rate.
If you do decide on a car finance loan through the dealer,
you
can negotiate the interest rate. Dealerships usually
have several
loan
sources, including
local banks and
the manufacturer's credit company. Each source
sets
their rates to the dealer.
It is important to investigate other sources for a car
finance loan,
such as your bank or credit union, before
you sign your name. Choose
from several sources for
car finance loan options. Find out from
banks or credit
unions if they have any special deals on car finance
loans
right now. Use a Car Finance Loan Worksheet to compare
various sources.
With so many choices for a car finance loan, you need to
learn so
much. Always consider your financing carefully.
Open your door to
several
possibilities while weighing your
choices with caution. Come up with
a shopping list
of
what you are looking for in a car finance loan deal.
When you
become well-informed, chances are, you
will be saving more money
and get the
right car for
your budget.
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===============================
Tips To Prevent Carjacking
by: Virginia Waters
Picture this----you're sitting in your car at an intersection waiting
for the light to turn green. Maybe you're listening to music on your
CD player or a news story on the radio. And then BAM---it happens!
A carjacker appears at your window from out of nowhere. You didn't even
see it coming! And that is exactly what street robbers and carjackers
prefer-----the element of surprise! According to Police and security
experts, most victims of carjacking say they "never saw it coming" until
it was too late!
There Are 22 Good Ways To Avoid Being Carjacked!
To reduce your risk of being carjacked, we have listed some common sense
steps for you below:
1. Always park in well lighted areas, if you plan to arrive or leave
after dark.
2. Don't park in isolated or visually obstructed areas near walls or
heavy foliage.
3. If you're a woman driving alone, experts suggest that you use valet
parking or use an attended garage. Important to remember if you use valet
parking is never to leave anything in your car containing personal information
that can be stolen or used for identity theft.
4. As you walk to your car, always be alert to suspicious people just
sitting in cars. Many times carjackers use this technique to spot potential
victims who aren't paying attention.
5. One of the best pieces of advice from security experts is this. If
you are alone at a shopping mall, don't be afraid to ask a security guard
to escort you to your car. It just might save your car from being stolen---or
your life being put at risk! So, do the smart thing! Ask for help.
6. Another favorite carjacking method used by young males is loitering
in areas and handing out fliers, etc. So, pay attention to your surroundings
and avoid places that just don't "feel right".
7. Well, what should you do if you see someone approaching you on the
way to your car? Either change directions or run into a busy store. Alert
mall security about what happened.
8. Many times--and I can't understand why---people don't listen to their "gut
instincts". If a situation doesn't feel right---Get Out Of There
In A Hurry!
9. Very few people go to the extreme of looking under, around and inside
their car as they approach it. Security experts all agree, this is a
great way to keep alert to protect yourself from carjacking!
10. Don't open your car door unless you absolutely feel sure that it
is safe to do so. Enter quickly and then lock the doors. If you don't
feel safe, start the horn blowing by using your keyless entry button.
11. Don't be a target by turning your back while loading packages into
your car.
12. One of the easiest ways to avoid carjacking is to make it your habit
to always start your car and drive away immediately. The longer you linger
inside your car without driving away, the better target you become for
carjackers.
13. Teach and practice with your children to enter and exit your car
quickly.
14. Especially in cities, always drive with your car doors locked and
the windows rolled up. All it takes from you is an instant of not being
focused and it could cost you your car----or even worse---your life!
15. Here is a great method to avoid carjacking. When stopped in traffic,
leave room to maneuver and escape, if necessary.
16. This is one of THE GREATEST RISKS you can face! If you are bumped
in traffic, don't get out of the car! Use your cell phone to call the
Police. Many time carjackers use this technique so that the drivers get
out of their cars. At that point, it's easy for them to overpower you
and steal your car. Stay alert--don't let this happen to you!
17. If your car is bumped from behind, just wave for the other car to
follow yours to a gas station or other busy place before getting out.
Again, we suggest that you call the Police even before you get out of
the car. You just can't afford to take chances with your car or your
life!
18. If you are ever confronted by an armed carjacker--Do Not Resist!
Always remember--your car can be replaced. But once your life is gone--it's
over forever!
19. Give up your keys or money if demanded without resistance.
20. The very last thing that you want to do is argue, fight or chase
the carjacker. You could be seriously injured or killed. So, don't do
it--it's not worth it.
21. Never agree to be kidnapped! Either drop the keys or throw them
away from the car as far as you can. When the carjacker goes for the
keys--get out of there as fast as you can.
22. If you are forced to drive with the carjackers, think about crashing
your car near a busy intersection so that bystanders can come to your
aid and call the police.
And finally, if you can't avoid a carjacking, call the Police immediately
to report the crime. Try to give them as much detailed information as
you can for their report.
P.S.
We hope that these tips help you and your family avoid a very dangerous
situation!
About The Author
Virginia Waters helps everyday people with their personal self defense
needs. She works with Powerful Response, a supplier of self defense
and security products. View more anti-crime articles by visiting http://www.PowerResponse.com.
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