Category: Auto

Posts related to Auto

Down Payments Drive Savings

When financing a car, a large down payment can initially sting, but it’s a benefit over the long haul. Cars depreciate and before you know it, you may owe more on a vehicle than it’s worth, known as “negative equity,” a side effect of long terms and small down payments. The more you put down, the quicker you’ll reach positive equity, and the lower your monthly payments will be.

Trading in a vehicle helps further reduce payments. Just make sure to negotiate your trade separately from the purchase price and financing package.

You are in the market for a new car or truck, but when is the best time to lease or make that big purchase? Does timing really make a difference? The simple answer is ‘yes,” timing is important, and buying a new car or truck at the right time can save hundreds or literally thousands of dollars.

Equally important is knowing in advance as much as possible about the desired vehicle, from the sticker price, standard equipment level, options, colors, trims, to rebates, transportation costs, financing and more. Many websites such as KBB, NADA, etc tell you what the dealer pays for that vehicle. An educated consumer will get a better deal than a shopper who merely scanned the slick, glossy vehicle brochure.

Here’s a few timing tips to help secure a good deal for a new car or truck:

End of the Month
Of course, everyone [...]

Buying a new car is always an exciting but often stressful experience. Most people would rather give up the best things in life than negotiate with a dealer. Not only do you have to negotiate with multiple dealers, finding the best option also requires hours of research and price comparison. So by the time you sign your documents and drive your new car off the lot, buying an extended car warranty would be the least of your concerns. This is very common among car shoppers.

The purpose of this article is to help you understand how extended car warranty works and if it’s a good investment for you in the long run.

How Does Extended Car Warranty Work?

There are two types of warranty: original manufacturer warranty, or OEM, and an aftermarket warranty offered by a [...]

Used vs New Car:

What Should You Buy?

Who doesn’t get excited about buying a brand new car? While buying a new car is always alluring, a smart consumer will take a hard look at the cost savings of buying a new vs. used car and consider value and depreciation.

It is true that on average, a new car will depreciate by as much as 11% the second you drive it off the lot, and it will lose up to 30% of its total value in the first year. By the end of year 3, you can lose up to half of the original price you paid for your brand new car.

Used cars, on the other hand, don’t depreciate as fast. Say you bought a car that’s 3 years old for $15,000. You could still sell it for $10,000 three years later, so it will depreciate [...]

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