You want to have financial strategies in place before you start your quest to purchase any vehicle. This will keep you from getting yourself in too deep or just plain getting ripped off and having buyers remorse. Simply follow these steps to ensure you are prepared before you shop! Let’s go…..
Know Your Numbers
It’s important that you know where you stand so you can make informed decisions about your financing options. You want to know about yourself and not have to ask or find out from someone else.
Credit Score - This score is a mathematical prediction of your ability to pay your debts and will be a factor on determining your finance rate. It will effect the term of your loan and how long you can extend the time to pay off the vehicle.
A so-so score does not necessarily mean you can’t get financed.
Debt - To - Income Ratio
This is a measure of your ability to pay a lender back by your debt vs. income. So say you have high debt and low income,...
How to know if your ride is going to cost you at the end of your lease and what you should know ahead of time!
Let's go over some key preparations to make sure you don't lose money.
#1 First, notify the dealer 60-90 days in advance
This will give you time to get financially prepared and consider your options for your next vehicle.
Decide if you are going to lease again or perhaps purchase a different new or used vehicle or buy your current lease.
Make sure to get out your contract and go over it to check for fees as well as the purchase price and mileage allowance and overage fees for every mile.
#2 Schedule an inspection
Schedule a vehicle inspection to take place at your home or work and make sure to be present. Charges will be assessed for any excessive wear and tear they find during the inspection.
*double check your contract to see if you purchased wear & tear insurance
Always have the vehicle professionally detailed prior to the scheduled...
Consumers Beware! Many flood vehicles end up back in the marketplace for unsuspecting buyers to purchase. Owners collect the money from the insurance companies and then sell the damaged vehicles to private buyers or salvage yards where the vehicles get refurbished and re-sold.
Sometimes the vin (vehicle identification number) is switched and the vehicle is re-titled, with no reports that there was any flood damage to the vehicle. Unscrupulous sellers will move the vehicles in and out of states re-registering them multiple times with clean titles, known as title washing. This is why it is extremely important to do a history report on the vehicle. Also check for tell-tale signs that the vehicle has sustained flood damage. Sometimes extensive repairs have been done to hide the flood damage and an average buyer and mechanic can find it very difficult to detect the damage. With all the recent floods you can guarantee that more damaged vehicles will end up all...
Now that we’re in the full swing of school, sports, and with the holidays closely approaching, I find that our vehicle really takes a beating.
I spend 20+ hours a week driving and sitting in my car for just soccer alone so it sometimes feels like our second home. There is food, drinks, balls, phones, computers, clothes, homework, backpacks and some other unidentified things, and soon holiday gifts, extra passengers and endless stuff!!!! It can get out of hand, FAST!
So I finally pulled it together and got all the proper products to get my vehicle organized and tidy… now mind you, being in the car business I change vehicles about every 2-6 weeks so I can’t ever fully move in, you know what I mean. ;))
During this I thought that I would write a blog post to possibly inspire or help any other crazy busy parents out there with the same problem.
Here it goes……
Problem #1)MY PURSE….ugh, it flew off the middle armrest again...
#1. Do Your Research
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, not what they are ASKING for. A big difference as you should know.… (I would love to get thousands more for my car but that’s not what I’m gonna get.) Get it
#2. Compare Apples to Apples
The vehicles must be as similar as possible, unless you are dealing with modifications and then you need to do extensive research.
They must be the same make, model, mileage, condition, options, and even color will make a big difference in particular makes and models.
So many times I talk to people who say, “Well Kelly Blue Book and Edmunds and my brother the mechanic said it’s worth this much.” Oh and the kicker is when they put in Excellent condition and it is CLEARLY not even...
Run over a nail, screw or sharp object?
Here is a quick fix to get you back on the road and save you money from unscrupulous auto garages!
Simply get your hands on a, Slime 1034-A T-Handle Tire Plug Kit or any kit of your choosing at a
local auto supply or hardware store.
Follow the directions on the packaging and Voila! back in action.
See a step-by-step video below using the T-Handle Kit.
(Yes, I ran over a nail AGAIN)
Now if after you plug it, it seems to be very low, try using fix-a-flat to hold it over until you can get to a station and put the proper amount of air in (PSI)
Most vehicles list the tire pressure requirements on the inside of the driver’s door, or check your owner’s manual.
So if you are truly prepared you will have a handy dandy digital tire pressure gauge. If not check out this one on amazon, Accutire MS-4021B Digital Tire Pressure Gauge
for under $11.00 you can fill your tires and verify the correct PSI all on your own. I recommend checking the...