Refinance to Unlock Cash for Financial Needs

When people talk about earning “extra cash,” I always smirk. I mean, is any cash really “extra,” especially in this economy? More likely, people want to earn “essential cash” to cover the various financial needs we all face. Some of us just wish we had a little more money to enjoy a nice dinner out every once in awhile, or to travel a little more. But others of us have more pressing concerns, like keeping a roof over our heads and food on our children’s plates. No matter which of these situations you find yourself in, the point is we want and need our money to go further. And I’ve discovered that one of the best, easiest ways to make this happen is by refinancing your auto loan.

Interest rates for auto loans are really low right now. I’ve seen them as low as 3.99% in the past few months. Even if your credit score isn’t high enough to get the best rate, you may still be able to refinance your vehicle loan to lengthen or change its terms. By extending your repayment term for another one or two (or more) years, you can significantly decrease your monthly payment.

Much like when you refinance a home mortgage, auto refinancing pays off your existing vehicle loan. But it’s a much faster, simpler process. Your new lender pays off your old loan and the title to your vehicle is transferred to your new lender, who will retain it until your total financial obligation has been satisfied. Then the title will be transferred to you, and you’ll officially own your vehicle.

To get started, just do a web search for auto loans. You can often get a decision in just a few minutes when you apply for auto refinancing online.

Hopefully, you’ll discover a great opportunity that helps you save money in the short and long run. Whatever your motivation may be, we can all benefit from unlocking extra cash. It makes good fiscal sense (and common sense) to find out if and how we can maximize our finances. Refinancing my auto loan made sense for me. Maybe it will for you as well.

Tips for Buying a Used SUV

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You can get some great deals if you try to buy vehicles second hand, especially in the SUV market. Whether you’re looking for a vehicle to carry you around town with some weight, or an off road vehicle that can take you places any normal car can’t, an SUV is a super fun vehicle with a lot of perks.

There are of course some pitfalls when buying any used vehicle, but we want to take a look at specific problems you might run into when buying a used SUV.

Follow these tips to track down an SUV that will not only match your price but suit your family as well:

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7 Common Mistakes when Buying a Used Car

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A new car’s value depreciates tremendously in the first few years of ownership, so buying a used car can save you a lot of money. There are still some pitfalls that you can fall into however when buying used vehicles that you need to watch out for.

The key to getting the best value is to avoid money-wasting mistakes. Many of these mistakes are easy to avoid and are surprisingly common.

Here are the seven most common blunders that used-car shoppers make:

  1. Failing to Check the Model’s Reliability Record
    One advantage to buying a used car is that there has been enough time for consumer satisfaction surveys and repair records to have come in, unlike a brand-new, unproven model. Research the model’s ratings from Consumer Reports or another evaluation service. Above all, avoid the temptation to make an emotional decision because you see a cute car on the lot or a low price.
  2. Ignoring the Car’s Maintenance History
    Car buyers previously had to take the owner’s word on maintenance history, but computer searches now make it easy to find a vehicle’s track record. CarFax and AutoCheck can give you extensive records on whether a vehicle has been rebuilt, in an accident and who previously owned it. The services also list a car’s complete maintenance history, even if the car was serviced by multiple shops.
  3. Not Getting the Vehicle Inspected by an Independent Mechanic
    Before spending $75 to $100 on a mechanic, do some basic checks yourself. Look for oil leaks under the car, and make sure that power windows and locks work. Check for body rust, especially if you’re searching among Used Cars in Ohio, Michigan or other northern states.
  4. Settling for a High Price
    Used car prices are almost always negotiable. Be prepared to go somewhere else if the owner or dealer insists on a price beyond what you’re willing to pay.
  5. Letting the Dealer Devalue Your Trade-In
    Always negotiate the price of the car you wish to purchase before indicating that you have a trade-in. If the dealer doesn’t offer you enough for your trade-in, shop around for a better price.
  6. Bad Financing Rates
    Before going to a used-car lot, go to your bank or credit union to get pre-approved for a rate. When the dealer offers a rate, make a counter-offer just as you would the car price. A common trick is for car salesmen to ask, “How much can you spend per month on a car payment?” Don’t fall for this trap because the dealer will simply extend the length of the loan.
  7. Negotiating Add-ons
    Many people will haggle over the car’s cost but pay full price for an add-on. First find out what the add-on would cost if you purchased it elsewhere and negotiate the price accordingly.

Green Car Insurance – Economical and Environmentally Friendly

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More and more people are becoming concerned about the environment and if you are a car owner you should definitely be thinking about ways to be more eco-friendly. Car engines release carbon dioxide and other pollutants which are bad for the planet. Why not think about investing in a greener car? Not only can this help you to reduce your carbon footprint but it can also reduce the amount of car insurance you have to pay.

Both consumers and manufacturers are becoming more aware of the fact that millions of people around the world drive cars and these can have a massive impact on the environment. Consequently it’s a myth that eco-friendly cars are more expensive to purchase – both petrol and diesel green cars are available and they are not necessarily extortionate to buy. Once you have your car, price comparison sites such as  MoneySupermarket.com can help you to find the best deal on insurance.

For a greener car, some companies will offer up to 5% discount, a marked difference at a time when the price of car insurance just seems to keep going up. Hybrid engines are becoming more popular since they offer an electric engine running alongside the petrol or diesel motor. The conventional engine is not used at all times so this is more fuel efficient, saving you money in other ways as well. From Ford to Lexus, Volvo and Honda, you can find a range of hybrid models on the market to choose from today.

Electric motors are on the increase in general, with more manufacturers thinking about using them. Several car insurance companies are opting to plant trees or offering to help other environmental charities so that you can rest easy in the knowledge that you are doing your bit to help. This may mean that your insurance price remains the same but if you are serious about your green concerns this is a great way to prove it.

Remember to shop around for the insurance policy which suits you and think about ways in which you can reduce your impact for example car sharing with people in your office.

Get a Smokin’ Deal with Online Car Auctions

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With the tough economy, there are many car buyers turning to the purchase of used vehicles, and some of the best used auto purchases are found through the car auctions. Second hand vehicles can be first rate vehicles, and the advantage is that they have a lower price tag. In many ways, it is a smarter way to purchase a vehicle, as a new vehicle depreciates by 1/3 its value in the first year alone.

Each year, cars are replaced with newer and sleeker models than the year before. Safety features and technology become greater each year, and the used cars on the market today are not the clunky, ramblers that they once were, but very sophisticated with many great features – depending on the make and model of the vehicle, of course.

For car buyers that are interested in a great deal on an auto, they should definitely consider a used car, and there are some very good sources to purchase a used car, such as, the online auto auctions. Continue reading

Things to Consider when Buying a New RV

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The joy of the open road and hours of uninterrupted, high-quality vacation time are found at last! RVing has seen a renaissance in the last decade, as everyone from corporate executives to the lowliest mail room clerks rediscover the vacation spots found right here on our own native soil. Sure, there will always be those who swear by traveling in a flying sardine can, but for those in the know, an RV is the only way to go.

As you begin the process of shopping for, and eventually purchasing, your own RV, there are a few things you’ll want to keep in mind. That doesn’t mean making sure your RV gets television reception wherever you go. One of the most important aspects of shopping for an RV is to get a good idea of how many people will be tagging along on your family vacations. Will it just be you and the kids, or will your kids want to bring their friends? Will your parents give you the sad puppy face when you tell them that there isn’t enough room for them? Being unprepared could mean giving up all your RV’s accommodations to others and spending a cold, rainy night in a leaking pup tent outside.

While price is also a factor, a more important one is how comfortable you’ll feel driving and parking your new RV. Is it the size of a Greyhound bus? Slightly smaller? While there are plenty of RV dealers out there more than willing to help you get the hang of motoring your home-on-wheels around town, there are also plenty of sticky situations that you may need to be prepared for. It all boils down to one thing: If the thought of driving it scares you, then you should probably look at a smaller RV, or at least one that has a more truck-like cab and amenities, such as a back-up camera that allows you to clearly see where you’re going, even when you’re backing up.

Once you’ve got an idea for what size and style of RV you want to purchase, and before you begin the process of working out financing, it’s time to get an insurance quote so that you’ll see what it will cost you on top of your monthly payment. Once you’ve got all those aspects sewn up, it’s time to visit your local RV dealer and check out what’s available in your price and size range.

US Government Car Auctions: Find Them and Get the Best Deal

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Government car auctions are a great means to pick up a second-hand vehicle at a fraction of the cost. The trick is to know where to find these government car auctions, how to know the tricks to get a good deal, and what to look for, which is everything you will learn from this article. The following will detail specific information that will lead you to the government car auctions and guide you on how to get the best deals when you are there.

How to Find Government Car Auctions

Each state has government car auctions; however, each state does not operate in the same way. Therefore, the first thing that is necessary is to contact your local police station to ask them where you can get a hold of government seized vehicles. This is one way to find government auctions, as the station will be able to guide you to the proper government auction houses.

Local newspapers are another source to find where and when government car auction will be and take place. Typically, the auctions are announced in the local newspaper for the area that the auctions are taking place.

Another means to finding government car auctions, is to check online. There are many online car auction services that will locate government car auctions that are being held in your area, for you. However, these services typically involve a fee, and not are a free source to obtain the information.

Various Types of Government Car Auctions:

Local police auctions: Local police car auctions are auctions that involve vehicles that have been impounded. For these types of auctions you will call your local police department and ask for the dates and details.

Federal government auctions: Federal government car auctions auction off vehicles that have been seized during criminal busts, as well as, fleet vehicles. These vehicles and auctions are consolidated under the GovSales website.

Additional government sites: There are additional government sites that help the consumer with tips on various government auctions. Guide to Federal Auctions, for example, provides various agencies that the consumer will find the auctions through as well as information on the departments’ websites. Another government site where the consumer can find information about auction sources is GSA.

Private sources: The private sources, as mentioned earlier, are online sites that are private, but provide information regarding federal and local government auto actions. Gov-Auctions provides access to both state and federal auction for a small charge.
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Adventures of Car Buying and Selling

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Everyone has different experiences while shopping for a car. Some end successfully while others walk away empty handed. I was recently in the market for a new car and decided to do some research of my own. I wanted to focus on the buying/selling experience from the perspectives of both a car salesman and a car buyer. The accounts of my conversations with a former car salesman and a disgruntled customer are as follows.

The Salesman: Larry

Larry began his career just like any other, with training but on how to sell cars. Larry was taught to go after high pressure sales in which you try to catch people off guard. The idea is to score a quick sale while exploiting people who were weak or uninformed. Larry was also trained to go over to the service department and make small talk with the people waiting for their cars. If he overheard that someone just got hit with a $2000 bill for a new transmission, he was supposed to introduce the benefits of a new car plus a trade-in deal. When he had a customer he was taught to stay with them throughout their visit to make sure they didn’t have the opportunity to talk to other customers. This would prevent them from comparing prices or finding loopholes in the deal.

Larry explained to me that car salesmen are not the enemy. It is actually sales managers who teach tactics to haggle the customers. Car salesmen usually work on 100% commission, and have to answer to their sales manager when they don’t make a sale. However, Larry was not in fear of his sales manager because he knew he was moving in a few months and would no longer be working there. Consequently, Larry ignored nearly every technique he was taught. He would take the time to get to know what the customer wanted, figure out their budget without being pushy and would eventually lead them towards a car that fit their wants, needs, and budget. Ironically, Larry was the top salesman at his dealership for three months in a row before moving.

The Car Buyer: Ronny

Ronny took me back a few years, to when he was eighteen. He explained to me how he just had to have this brand new, yellow Pontiac GTO. It was way out of his price range and he had no credit, yet somehow he was able to purchase his dream car. He didn’t question how it happened; he just knew that the car was his. The catch was that Ronny bought the car on a 6 year loan, with an interest rate of 21% and a monthly payment of $502. “Looking back, I wish I would have listened to my mom,” Larry said, “She tried to tell me I was making a mistake, but I was a hard-headed, uninformed kid who had to get what I wanted.” Now, nearly 5 years later, Ronny still owes about $15,000 on the original price of $22,000. In all, he will pay nearly double the value of his car because of the high interest rate.

My Car Buying Test

When it was time for me to begin my search for a new car, I went in with a fresh outlook. Over the weekend, I visited to two car dealerships. One ended up being the typical dealership (which I won’t name) with the salespeople in their white shirts and gold ties waiting like vultures for their next big sale. The effort was fruitless and I left irritated. Hoping for better results, I visited another local dealership, Park Place Texas, and they blew my expectations away. I was greeted by a friendly young man who genuinely seemed interested in learning about me and what I needed in a new car. I kept in mind all the things I had learned about from Larry but didn’t notice any of the shady tactics. I ended up with my dream car, but unlike Ronny, I received a reasonable finance plan without an outrageous interest rate. I bought a 2012 Chevrolet Camaro 2SS Convertible and I love everything about it!

Every dealership is different. Larry taught me that not all car salesmen are enemies. There are those dealerships who promote the practice of genuinely wanting to know what customers are looking for. Ronny taught me not to rush into things. It is important to shop around and be mindful of what you can and cannot afford.

Car Repair Insurance, Especially For Secondhand Cars

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Car repair insurance is very similar to new vehicle warranties, except it is strictly for used cars. Depending on the repair coverage plan, the insurance company will pay for the repairs/replacement of parts on used vehicles. Cheap auto insurance quotes for repair plans should be obtained prior to finalizing a used car purchase, as plans vary from company to company. This type of coverage can save a lot of headaches and money in the event of a breakdown. There are two general car repair insurance plans offered by most companies: Breakdown coverage and Wear and Tear coverage. Not all insurance companies will offer both as a package plan, so it is advisable to shop around to get the cheapest car repair insurance comparisons for the best deal.

Used cars are notorious for needing repairs at some point quicker than new ones. Consequently, taking a little time before slapping down money on a used car to start a cheap insurance quotes comparison worksheet will be well worth it in the end. A decision will need to be made whether to get one or both types of car repair insurance. The Breakdown plans apply to vehicle parts that are prone to breakage and only these parts will the insurance company cover. Whereas the Wear and Tear plans focus on parts that can wear out over time. Many companies also offer add-ons and specialty plans such as Engine and/or Transition coverage, but these can get costly and confusing. For example, an Engine Plan may not cover the repair/replacement of the radiator because it is not actually part of the engine block. Therefore, depending on the age and projected usage of the used vehicle, it is best to evaluate the plans being offered vs. the cost from the quotes comparison worksheet.

Extended warranties and car repair insurance may essentially be somewhat the same in principal, but there are some huge differences between the two. Extended warranties are exactly what they say they are, in that they extend the coverage period of the manufacturer’s warranty that was included with the cost of a new car. During the time a vehicle is covered by the warranty and extended warranty, the manufacturer will cover the cost of repairs and replacements. Under a car repair insurance policy, the insurance company pays for this, not the manufacturer. Also, this insurance is for pre-owned vehicles which are known to usually have mechanical issues. So, getting cheap auto insurance quotes to get the best deal can save thousands of dollars in the long run by not having to pay for expensive auto repairs.

For anyone buying a pre-owned vehicle, especially one without a transferable manufacturer’s or extended warranty, this additional insurance is just as important as regular auto insurance. Be sure to create a cheap insurance quotes comparison worksheet so an informed decision on a car repair insurance policy can be made as to the specific needs of the used vehicle to be purchased. Also, a good place to start is to inquire with the dealer for an insurance company they recommend and possibly work with if they have an in-house shop.

Online Drivers Education in California

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Learning to drive can really be a stressful time in a young person’s life. Not only are you considering making a very substantial purchase (your new car) but also you’re going to incur additional monthly costs of maintenance, insurance and gas.

To top it all off, you don’t want to start your driving life with an accident that can set you back in insurance premiums and monthly expenses… let along the possiblity of getting hurt.

Fortunately, drivers ed courses are now more accessible than ever. This allows you to take a fully state accredited drivers education courses completely online in California!

I know that if you’ve not heard of this before it must seem pretty crazy. I mean, how can you possibly take a driving course completely online?

Well it’s true, and it means you can take your drivers ed course in California pretty much whenever you want! No more structuring your schedule around a driving instructor. With 24/7 access to interactive course material you can take your drivers ed course any time of the day.

We’re always trying to save you time and money here at cartips.com and these online drivers ed courses are no different. Taking one of these courses can actually lead to discounts on insurance of up to 10%!

That means the course (at only 99 bucks) will pretty much pay for itself within the first few months of you driving your new car.

There are a few different drivers ed courses that are available in California online. Cartips.com has found one in particular that has the most up to date information out there.

Driversed.com actually has 3d animated demos of real driving maneuvers to show you exactly how cars react in the real world. They’re DMV approved and their lessons are interactive so you’ll retain the most information and be sure to pass your DMV test.

You can check out Drivers Ed online by clicking here.

Had an experience with online drivers education? Let us know in the comments below.