Tips on Buying a Classic Car

Posted on July 11, 2010 by Erin

Research is the key to successfully buying a classic car. There’ just something regal about the classics, something that you don’t see on modern cars anymore. Maybe it’s the authenticity, the grandeur, or just the sheer elegance that can only truly be found in a classic car. You know that crisp warm feeling inside whenever you see her. You know the care and attention, miles and experience that she must have had a fair share of during her time. And when you’re driving her, it’s as if time never existed and you are again transported back in your heyday.

If you’re a young man or woman and your planning to buy a classic car then you’ve chosen a road with more character and style… but with this decision also comes less reliability, more cost and worse fuel economy.

Whether you’re buying a classic for your sheer automotive pleasure, or are planning on reselling it, proper care and attention to detail is needed. Whether you’re planning on actually using the fine thing, or just displaying it for the envy of many, you can’t overrate the importance of a classic car’s quality. Continue reading →

In Focus: How the Residual Value of a Car Affects Your Lease

Posted on June 21, 2010 by Erin

How the residual value of a car effects your lease is dependent on many different factors. Car leasing is a booming industry that affects many Americans nowadays due to the hard economy. Being aware of residual lease values among other things relating to your car lease is important in getting you the best deal you can possibly get!

Unfortunately, not many people are prudent enough to research on these kinds of things and end up with less than good car lease deals.

If you already have or are planning on getting a car lease, then it is important to know how the residual value of a car affects your lease.

A car lease residual value is one of the most important, if not the most important factor in leasing a car.

But what are residual values?

In simple terms, it is the estimated value of your leased car vehicle at the end of the lease period. Continue reading →

Buy a Car Online- For Less

Posted on June 13, 2010 by Erin

Buying a car online has become more attractive than ever before. Why? Cost. The reduction in price when purchasing a vehicle online has lead 30% of auto buyers to purchase online. Cost is not the only benefit, time is as well.

When purchasing a vehicle online you do not have the inconvenience of being shifted through the salesman, his manager, the finance manager, etc. It is a pleasant experience. Continue reading →

Getting a Bad Credit Car Loan

Posted on June 11, 2010 by Erin

While it may seem the bottom has sank as you hear the echoing news from the bank in which you applied for an auto loan that you have been denied due to your credit score- it is not a total loss. When you are denied by the bank it is due to the fact that your credit rating has placed you in sub-prime territory. Although this may sound like a sinking ship- which at the present moment it is, it does not mean that you are forever branded to this category. Nor does this mean that your borrowing days have come to an end, either. Continue reading →

How to use eBay Motors to Buy or Sell a car

Posted on June 10, 2010 by Erin

Every 52 seconds a car is sold on eBay.

eBay auto auctions have literally exceeded all expectations and have become the number one selling auction. The auctions are not only a great way to purchase a vehicle, they are a great way to sell a vehicle… and, as any motorist knows, both sides of the fence here can be tedious.

For those looking to buy or sell a car on eBay there are a few things you should realize. Continue reading →

Everything you Need to Know about New Car Prices

Posted on June 9, 2010 by Erin

Before purchasing a new car it is important to be aware of the pricing on the vehicle. There are many things to consider and many variables that determine the price and understanding exactly what they are will help you to make a well-informed, wise decision.

When shopping for a new car there are two important figures that you must recognize- The MSRP or the Manufacturer’s Suggested Retail Price and the dealer invoice price. The MSRP is the price that the manufacturer sets for the vehicle and is the recommended price for the dealer to sell the vehicle at. The dealer invoice is normally set lower than this price. Continue reading →

Want to Know What a New Car is Worth?

Posted on May 26, 2010 by CarTips.com

When you’re looking to purchase a car it can be sometimes difficult to figure out what price to settle for.

In fact, if it’s your first time buying a new car it can be really daunting to know what to offer the new car dealer.

If you offer the wrong amount, you can not get taken seriously, or even worse totally ripped off. In trying to find you the best car buying tips possible, we went out to try and find some information on other car buyers and what they’ve paid for their new rides.

In comes TrueCar.com.

This little site will tell you what others have paid for the new car that you are looking into buying. Continue reading →

Top 10 things to remember when buying a car

Posted on May 8, 2010 by CarTips.com

There are a ton of new car buying tips out there but as with all things, some are better than others. Most of the car buying tips you’ll find are about finding the best price possible, but really that’s just scratching the surface. After all, you want the best accessories, additions and insurance that you can find. You can find more info on car insurance coverage terms here.

So here’s the list:

The first is obvious. These days you can start shopping online. Don’t visit a car dealership without prior information of average price of new or used car that you are considering. Go online and find the car you want to buy. This will save you lot of time as you will not have to go from one dealership to another. Moreover, you will not be swayed by emotions and pay far more than you could have.
If you are getting car financing, you must know your credit score. This will help you find the right lender and also let you know the APR you qualify for. Some reputable websites provide new car buying tips online as well as excel sheets for calculating monthly payments on the basis of your credit score.

Continue reading →

Car Dealer Scams – Car Leasing

Posted on April 28, 2010 by CarTips.com

Lots of people agree that car leasing is the more attractive option when you need to get a new car… but are they wrong?

There are certainly advantages to car leasing – but only if you don’t get sucked into a car dealer scam in the process… and the truth is: a lot of people get a crummy deal.

Leasing regulation does not require as much disclosure as buying a vehicle. This has opened the door for a lot of shady car dealers to work on your pocketbook and take you for all that you’ve got.

Take a good look at the common car leasing scams and make sure you protect yourself.

Ridiculously low interest rates:

Some dealers quote a lower interest rate than what you’ll actually be paying. They do this by either purposefully quoting the “money factor” as the interest rate or calculating the loan without amortizing some closing fees, like the security deposit, into the loan lease. Continue reading →

How much is insurance? knowing your final purchase price.

Posted on April 26, 2010 by CarTips.com

Often times when buying a used or a new car, buyers will calculate their budget for the car and determine their highest monthly payment rate.

What is overlooked however, is how much the car insurance will cost on the new or used car that you are buying.

Sometimes, the cost of insurance can make or break your ability to purchase a car.

Factors the effect insurance price:

The type of car – Your insurance premium will be higher if you are buying a luxury car, a sports car, or a car that is high on the theft list.

Anti-Theft devices – If there is an alarm or other anti-theft device on the car you can usually get a discount.

Where your car is parked - The location that your car will be parked can make a difference in how much insurance you pay.