Some of these are a no brainer but you would be surprised how some people turn their cars in for a sale or trade and probably left money on the table because of it (even in today’s crazy market).
First thing’s first.
Find out what other like cars are selling for in your market.
Market = the same geographical area (If you live in N.Y. don’t compare to vehicles in California, etc.) Make sure you are basing your vehicle’s worth on like vehicles that have sold in your area as well as the asking price amounts. Just because you think your vehicle is worth something does not mean that is what they are bringing in the current market.
Of course if you have an exotic or classic vehicle this rule will be more lenient due to the less comps and higher demand.
Try to find vehicles as similar as possible to your current vehicle. They should be the same make, model, mileage, condition, options, number of owners, ...
A Mileage Tracker Log can be your best friend these days with costs going up on the daily.
Especially with a lot of people driving back in or somewhat in, to the work place and our every day errands growing by the minute and not to mention making life decisions at the gas pump.
This is why you need to track you mileage and help keep a grip on your budget.
Biggest fans of you not keeping records of your driving mileage (more money for them )
#2 Service + Repair Shops
So just for those reasons keep your trips tracked.
For one, it will be a valuable tool to cross check your maintenance log and see what is due for service based on the miles you have driven.
You can refer to your owner’s manual to see at what mileage/miles something should be serviced or replaced. (good to know for issues still covered under warranty too!)
This will save you money and peace of mind by knowing you are not servicing or...
Your Vehicle’s Maintenance Schedule
Be sure to follow your vehicle’s maintenance schedule by looking in the owner’s manual for what should be done when and how often.
As well as performing certain tasks and checking items depending on the season.
Being sure to follow what your vehicle needs and keeping it in proper running order will not only get you top dollar when it’s time to sell but will also help you avoid costly repairs.
Always refer to your vehicle’s owners manual for specific recommendations of service & replacement requirements of your particular year make and model. This will reduce unnecessary expenses for things that will last you a substantial amount of time. This will also depend on what the previous owner did and when. Things may have to be adjusted if items were or were not done so this is why keeping your own maintenance log is crucial.
Oil + Coolant levels
Check your oil and make sure it’s at the proper level
Did you know there is a sweet spot of how much you should spend on the purchase price of a vehicle and it’s based solely on you, your budget and future goals.
You should only be spending 15%-20% of your annual income on the Purchase Price of a vehicle.
Everyone’s will be different and that is because everyone’s goals, dreams, wants, needs and lifestyles are very different.
I believe we all have one common goal and that is to determine where our money goes and to defend it’s honorable dispersement on things that make us feel empowered and special.
If you have to make a large payment every month for something that brings you anger, fear and resentment it is only going to bring more of that into your life.
This is why we must find the sweet spot of our own car purchase and feel so good about our money going towards it that it brings us joy and happiness when we drive.
I work with so many people who come to me with horror stories of a previous...
How many of us actually know what is in a car’s warranty or the terms and conditions of what it really covers?
Did you buy extra coverage or did it come with some kind of coverage already?
For starters if you bought a Certified Pre-Owned vehicle then you did and you probably have overlapping coverage and stuff you don’t need and you paid a pretty penny for it!
Want to find out if you paid for coverage you don’t need or already have…
Let’s break it down.
Did you do research on what was left on the vehicle’s warranty before you purchased the car, bought added coverage or added any extras?
That is always something you should research before you decide on what car to purchase so you know what to expect, what to...
Keep your cool and enjoy your road trips this year with these tricks & tools
Air Quality - Do you know what could be lurking in your air if you have not changed
Changed your cabin air filter? Be sure to replace it at least once a year in the Spring!
It traps pollutants, pollen,dust,bacteria & exhaust fumes from circulating into your ventilation system. A clean filter can ease allergies, asthma & help maintain the quality of your vehicles heating and cooling system.
Air Fresheners - They may smell good but most are highly toxic and not good for you.
They are full of things you would never voluntarily put into your environment to breath in. Get rid of them to improve the cabin air conditions especially if you suffer from any respiratory conditions.
Try a natural alternative like an essential oil car diffuser.
Keep Your Cool - Do an A/C check to make sure everything is in top working condition.
Test the airflow from all vents and that the air...
Now is the time for all things fresh and new. Which means there are many things to do to gear up for the spring and summer months and your car should absolutely be one of them!
After months of neglect, colds, salt, ice, snow and much more havoc in and outside your vehicle it is time for a spring cleaning. What better time than National Car Care Month
I will cover some of the things I like to clean out, change and check before the start of all the summer fun and many road trips (especially to the beach)!
Today I am going to go over and show you how to replace your vehicle’s cabin air filter.
I ALWAYS do this twice a year, I suggest fall and without a doubt spring.
* I suggest visiting your local auto parts store to ensure you get the correct one for your vehicle. They can look everything up for you so you don't get the wrong one.
The cabin air filter is what traps pollen, bacteria,exhaust gases and dust from getting into your...
Did you ever think you may be someone who unknowingly purchases a damaged flood vehicle?
Well, you may be shocked to find out many flood vehicles end up back in the marketplace for unsuspecting buyers to purchase. Carfax data shows a 9% increase with “446,836 flood-damaged cars on the roads in 2020, and that number is expected to rise…”.
In the aftermath of the recent hurricanes I suspect this number will substantially skyrocket in the coming months.
Some owners will collect the money for the flood damaged vehicles from the insurance companies, if they have comprehensive coverage which only a third of people carry, according to Consumer Reports. They will then sell the damaged vehicles to private buyers or salvage yards for cash. The vehicles will sometimes get refurbished and re-sold. Then they will end up back on the roads by a way of title washing, which conceals the truth about a vehicles damage with a replicated “clean” title.
What is debt-to-income
A percentage of how much money you spend on debt payments every month vs. how much you make every month. This number determines your capability of being able to pay back a loan.
They are basically trying to determine a future outcome with a promise of your future income.
I believe it is difficult to calculate a person’s future windfalls or failures simply based on scores. Everyone faces an unfavorable fate with completely different characteristics, it is never as simple as a number. That is where knowing and speaking with community lenders who care about the individual really makes the difference.
With average auto loan balances on the rise it is important to know how much you can afford to spend on a vehicle purchase. Always be clear on the terms of your loan and how much you will be paying in interest over the length of the loan.
Why I need to know
Your DTI is not something found on a credit report nor does it effect it but it is a number...
When it has finally come time to say goodbye to good old betsy and let her move on to greener pastures you will need to do a few things to prepare for the proper send-off.
First you want to get the paperwork in order.
*Locate the Title to the vehicle
*Have your license to verify you are the owner (must match name(s) on Title) You will be signing on the seller portion of the title and the names must be the same.
*Keys if you have them
*Remove the license plates before pick up is scheduled if parked on private property. If the vehicle is in the street or public parking area, license plates usually need to be kept on to prevent being towed.
If you are driving the vehicle in, you can remove the plates when you drop off.
*Either way make sure you have your plates and that you surrender them to your Department of Motor Vehicle. This will insure you don’t get fined or prohibited from renewing your license/registration or worse, someone putting your plates registered...