Auto Refinance - Reasons to Refinance Your Car

Refinancing an auto loan can be beneficial, if done correctly, particularly in difficult economical times. Ironically, a large percentage of consumers don't even realize it's possible to refinance an auto loan.

The process of refinancing an auto loan is similar to refinancing a mortgage. The borrower seeks out a loan with better terms or a lower interest rate and the new lender becomes the official owner of the vehicle until the loan is paid in full.

Refinancing an auto loan can be desirable for a couple of big reasons. Even the slightest improvement in a borrowers credit rating can result in the availability of a more manageable interest rate. Another reason would be to extend the length of the loan which generally makes for smaller overall payments.

Borrowers should beware of lending institutions that promise cash out of the refinance or terms that seem too good to be true. In most cases if it seems too good to be true it probably is. Also it's important to not stretch the length of the loan for too many years in the hopes of dramatically lowering the monthly payment. The value of a newer vehicle decreases rapidly within the first few years after initial purchase and one could easily find themselves trapped upside down in a loan.

Interest rates fluctuate enough that it is possible that six months to a year after initial purchase the average rate is several points below that of the borrower's current rate. If the borrower has a decent credit rating and does their homework they may be able to secure a refinanced auto loan that brings the interest rate down significantly.

Sell Used Cars

Methods for selling used cars

It is absolutely essential that that you make your car look presentable before initiating your selling efforts. Give the car a good water wash followed by a wax job on the car body exterior. It is also necessary to vacuum clean the inside, and gloss up the tires, and spruce up the overall appearance. If there's any burnt lights or fuses or other defective small accessories, replace them immediately. Prospective buyers will certainly feel annoyed once they see little things in bad shape. As a matter of fact, you can even add a few additional fittings to make the car look still more attractive. Please also make sure the tires are all properly inflated and the battery is in fine shape.

Prospective buyers of used cars are always apprehensive about three things - What is the mileage? Has the odometer been rolled back or tampered with? Was the car ever in a wreck at any time? It is of paramount importance that you allay the buyer's misgivings by giving them a copy of an Auto Check Vehicle Report of your car that they not only feel satisfied about the exact condition of the car but also feel convinced your mileage has not been rolled back and your car has a clean record.

There is no denying that the most powerful selling tool is your car maintenance record especially oil changes and battery check ups. Every time your car is serviced, add the service report to your car file. When people see your car maintenance records, they will be immensely pleased and would want to do business with a self- organized person like you.

Auto classifieds on the web are much more cost effective than newspapers classifieds. Instead of limiting your ad to some local people who might or might not want to buy a used car, if you advertise on the web where there will be millions of people reading and a large number of responses. Avail a web site that offers a money back guarantee in case your car does not sell within a prescribed time period. Some sites run the ad continuously for a low price until the car is sold - a benefit no newspapers will offer.

Yet another constructive suggestion is to create color flyers about your car for distributing to possible buyers. Flyers can carry more details than a classified ad. It will be excellent if your web ad carried color photos and all the important particulars of the vehicle. If the buyer complains about some scratches or stains on your car exterior, politely explain it is normal wear and tear of a used car of and that is the reason why you are not demanding the price of a new car. This however does not apply to dents and it is therefore necessary you repair the dents before your buyers inspect the car.

Never advertise your car sale till you have researched the market for your car value, created your maintenance records and figured out how you will respond to every one of buyer’s queries. The asking price is very important and if your expectations are too high, the car will never be sold. Likewise if you under-price, the prospective buyers may suspect the condition of the car and its history.

Alternatives to Used Car Dealerships

The used car market continues to boom and offers many people an affordable method to obtain a cheap used car that fits their needs. In the past, when you were ready to buy a used car, you spent days, weeks, even months driving through the dealers car lots and looking and dreaming about the used cars on the lots. Many times, there wasn't a car there that you really wanted, but that was all there was to choose from. That's why you bought your car there. The car dealership was conveniently located, they offered payment plans (not a good thing when buying a used car), and they could convince you that you needed that one car on the lot that you wouldn't normally have even looked at.

Today, it's all different. The alternatives to used car dealerships abound, and we're not just talking about the newspaper classified ads. Where will you look for your next used car?

Buying a used car from the classified section of your newspaper, though still useful, may not provide you with the best options, choices, or pricing. A popular place to locate just about anything you need is Craigslist, which is an online classifieds system that is broken down by state and even by city. So, let's say you live in Florida, you can go to the Florida site for Craigslist and then narrow down by city. Some areas have a Craigslist for just their state. Do a search for Craigslist and then narrow down to your locale.

Now, what will you find on Craigslist for vehicles? Anything and everything. Plus, there's a search option where you can specify the vehicle you're looking for and the price range. Go ahead...go try out the site. Get to your Craigslist site, click on Autos, and just take a look at the vehicles that have been listed today. Try out the search option; put in a vehicle make, even year and click search. See what comes up? Do you have choices now?

As with buying a used car from any source, you need to do your research. This is so incredibly easy what with having the Internet at your fingertips to do all the work for you. Narrow down the vehicles you are interested in, find out their book/market values, get an idea for the going price and what repairs may cost. Try to have a mechanic available to look at any used car you might be interested in. And, folks, act responsibly and be cautious when meeting people selling anything in out-of-the-way places. It's always good to have someone with you for many reasons.

used car

Tricks of the Trade

Not everyone wants or needs a new car. Some families buy a car as a second car or even used for young people as they come of age. Others prefer just a car, buy the depreciation already up. When it comes to buying a car, they check all the car salesman.

Over the years, used-car dealer in film and television have been vilified. You have been a bat, idiots, represented socially and mentally slow enough. But many consumers have contact with some sellers of used cars which they think had much perfect candidate for some of today's reality shows on used car.

How many complaints can be taken seriously, is it? Are these people really as bad as the media to be? Are all consumer complaints it? Or embellished? Probably a mixture of both. Consumers tend to forget that they have an important role in the bad deal they have just played.

Many buyers to buy with their eyes and their hearts. Their brains go dead as soon as they see the original leather seats or a hood ornament collector. You sign the paperwork they have not read thoroughly and think, said every word of the seller during negotiations. comes when the car breaks down or the first account, they are shocked to learn that they do not receive the approval they thought.

Is it the fault of the dealer? Only in part. He may have lied to you, but if he committed a fraud and deceit in the wings, it is for the consumer to read and understand that all the characters before you start the vehicle. Customers are responsible for everything that has been agreed or agreed in writing. When it comes to purchasing a car, it's nothing like the handshake agreements or commitments offline. If they do not want to put in writing, there is a reason, and it is not in your best interest.

The financing is another area that people complain when there is a tendency to used cars. Yes, loans for used cars more TAP. This is not the fault of the concession, but will certainly try to fund you through this because they earn commissions from lenders for each loan. These loans are more expensive because lenders to accept a higher risk. Too many people walk away from a used car more if it fails, and the lender absorbs the loss.

Before you get excited about a car, do your research. Bring your laptop with you know, if you can, and look for the seller that you are for a car. Check the prices blue book recalls, reviews, BMP, etc.

Do not expect much information about a particular car from your dealer. It can not be an expert in all the models on the market. If you want information you can on your own. Get say a road test, a Carfax report and certification by an independent mechanic, that the odometer has not changed. If possible, bring your own mechanic with you so that he can still look before writing a deposit check.

Purchase a Used Car - They Make Them a Lot Better Nowadays Than They Used To

Growing up, I often heard my parents and their friends complain that nothing was made the way they used to become when they were young. I often doubted the facts of that, but never had a method to prove it; until I thought of anything. Back in the day, in case you had a car that you can run for 100,000 miles, that was considered a supreme achievement. By the time the car did that kind of mileage, it will be practically scrap metal. Going along in this day and age with that in mind as a standard for car reliability though will be a high-priced and unfortunate mistake. A modern car nowadays can quickly go twice as lengthy with regular maintenance, and could do even better than that. Men and women making use of the old frame of reference swiftly give up a 100,000 mile car at a low cost and trade it in for new car. And that puts you, someone in the market for an excellent bargain in a used car, in an excellent place to become in. You know anything the sellers do not. You can expect excellent value if you go to purchase a used car - $5000, and when you aren't a cross-country travelling salesman or anything, you can most likely retain it forever.

Undoubtedly, a pre-owned car is nowhere near as exciting to own - you cannot park it in the driveway and have your neighbors appear approvingly over, and you cannot go out for any celebratory drive immersed in that new car smell. What you'll get in return for giving that up for the 1st three months the car stays new though may be pretty fantastic too. For little much more than the down payment you should put down on a brand new car, about $5000, a very good find would last you far longer than a lot of human organs last. If buying a used car won't help you retain up with the Joneses, it'll undoubtedly help you maintain down with Adamses - proving oneself frugal absolutely has its cachet these days in any social circle.

Let's add up what you save while you select to purchase a used car rather than a brand new one. In the US, your average midsize sedan sells for about $30,000 new, and it's financed for about five many years at about $400 monthly. Should you really spend only $5000 on a car and socked away that $400 every month for those five many years, you'd probably have about $25,000 at the end, with interest. In addition to that, you'd save about $2500 on sales tax (as opposed to $500 whenever you purchase a used car), you save about $300 on registration, you'd save about $500 a year on insurance, and what it does for your peace of mind not trying to protect the finish every time you park it on the street is anything you cannot put a price tag on.

Whenever you make your decision and go out to get that $5000 car, make sure primary which you know a excellent mechanic who can help you preserve a used car for any excellent lengthy although. Without a trusty mechanic at your side, this may be a troublesome experience. Since you do not have the manufacturer's warranty if you purchase a used car, you wish to go to an inexpensive mechanic, not the dealership workshop; and you'd probably do well to know one thing about car repair yourself. And once you've found the best well-maintained used car, you require to make sure you've the time and patience to sustain it. If you in fact go out shopping, try to appear beyond the Accords and also the Camrys. Think about finding a Mazda 626 from 10 to 12 many years ago, a Mazda Miata that's reliable, and effortless to preserve, or a 10-year-old Taurus or Impala.. And even though you're out there, make sure which you do not purchase a car like the Dodge Intrepid that even the used car dealers are wary of.

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Top 4 Best Selling Cars of All Time

Cars are many, but the quality and luxurious ones are very few.So this is the Top 4 Best Selling Cars of All Time.

1. Toyota Corolla ( From 1966- till today)

In the top 1 position among the list of top 4 most sold cars of all time, we have the Toyota's Corolla. More than 35,050,000 units of Toyota Corolla has been sold since its first launch in the year 1966. It was only in 1997 that Corolla gained the name for the best selling car. Because of its huge popularity, Corolla has been through many design changes and spec changes. Corolla is mainly manufactured in Brazil, Japan, China, Canada and Malaysia, and soon the production will begin in USA by the end of 2010. Corolla has won people's heart just by its sheer looks and performance. It still holds the 'best sold car of all time' title.

2. Volkswagen Golf (From 1974- Till today)

Volkswagen was able to pull out another best selling car of all time. Volkswagen Golf, which was first manufactured in the year 1974, happens to be the second highest sold car till date. Selling more than 25,100,000 units since its first launch, Golf has become a common talk. The latest Golf car happens to be the Volkswagen Golf MK6.

3. Volkswagen Beetle (From 1937-2003)

In the third position stands one of the most famous car of Europe and America. The Volkswagen Beetle's production began in 1937 and ended in 2003. In this time frame, Volkswagen group sold close to 21,529,464 units. During the 50s the Volkswagen Beetle was considered to be one of the most luxurious and comfortable car. Volkswagen beetle even replaced a few well known car models in USA. The selling factor of Beetle can be attributed to its design and build quality, as it surpasses all expectations.

4. Ford Escort/Orion (From 1968-2003)

In the fourth position we have the Ford Orion. Ford Orion or Escort's production began way back in 1968, and the production stopped in the year 2003. But within this time frame, Ford was able to sell close to 20 million cars. Ford wanted to make the car for European countries, and they came up with the Ford Orion. Specifically built for Europe; its a Saloon car. It was the time when the saloons were being replaced with the brand new hatchbacks. But Ford Orion sold more because of the features it gave to the owner. It had sunroof, locking, electric windows, tachometer, rear head restraints, and all that you can think of in a modern car.

A Guide To Selling Cars - Determine Car Value Before Selling It

If would like to buy new car, we need to sell old one which still prior used get new car.

Although old, it still has certain sales value. This sales value on the other hand can be used to reduce cost when buy new vehicles.

Below is following guide sell your car.

Old car value

First question you need know was your car sales value? You can obtain it value through motor magazine to estimate market price depend upon model, make and year been produce.

But, should be remembered every car and owner is unique, so they price surely different between one and others.

For example, if your old one in good condition from aspect managing with periodic service decision, never involved with any accident, you on the other hand is first owner, thus you can be contracted higher selling price, relatively owner who did not care for they car nicely and vehicle ownership exceeding two to three owner.

Proper channel to sell car

Second matter on the other hand, How way to sell it? Some of the ways that could be made such as:


Advertise car in newspaper or motor magazine.
advertise car in on-line advertisement (75% sale rate)
Separate word of mouth through partner and family.
Place car in used car distributor.
Trade in with seller when making new car purchase.

Usually, you can be contracted high sales price for old car if yourself act as salesman, because you can frugal through commission cutting or profit imposed by middlemen.

Just that it unpleasant because you should organize appointment to enable buyer see and test drive car. Try to imagine you have to face with fussy buyer so that you reduce sales price with lower and wants to see a car few times.

Through used car distributor, all sales business will be facilitated and various problems would be emerging. But, if used car distributor can sell your car, your car trade in price lesser because imposed commission by used car distributor. You also need to get to know your car market value to prevent cheated by car distributor by giving lower prices from you should. Don't letting distributor in the black higher. As such, negotiate price with more considerate and unanimous so that it profitable for both parties.

Review of the Myvi Perodua, a Malaysian Car

Standing at 1.3 litres of engine capacity, the 'Perodua Myvi' remains the top choice when it comes to buying a car. Especially at entry level, most 'Malaysians' seem to lean towards this particular model. I, myself drive one. And I am about to tell you what it feels like driving one, after 3 months.

I think that it the price of RM40,000 (give and take) for a small car like this is a little overpriced. But, the plus points of the 'Myvi' is its spacious compartments inside. The interior can even cater to a giant 6 footer, I believe. Your head will never have to bump against the roof anymore.

Driving experience when on the 'Myvi' is like driving a 'Mini Cooper' (I have never driven one yet). Power steering makes it effective at turning, with its small dimension. Talking about car size, it is relatively very easy to park. Personally, I do not need to change gears from reverse to drive more than twice. That, I think is the biggest advantage a 1.3 litres capacity car can provide; the small size advantage (yet decent engine performance).

You will need to refuel every 350-400km for RM60 (give and take for 'RON95' petrol). Always diligently applying overdrive only when necessary, inflating tyre pressures to 220kPa, letting the 'Myvi' "roll" most of the time on road; these are some of the practices that make up the statistic for the RM60 fuel price tag. For the overdrive part, the car is driven from 0-60kph(overdrive off). Higher than that speed, I always turn the overdrive on. Long distances can make your 'Myvi' save a lot. Driving a great distance like 200km nonstop on a highway only takes up half of your fuel tank.

Acceleration for the 'Myvi' is rather "poor". As it runs on automatic transmission, that might explain. But, in most cases, I find that switching to 'OD off' helps a ton. Then again, I do not rely on this for overtaking cars. Automatic cars are rather more suited for comfortable and highway and traffic jams driving. Note that I had been driving the 1.3 litres engine capacity cars with manual transmission, where acceleration is the major strength.

Overall, for its price, comfort, maneuverability and capacity, it is worth taking a test drive on the 'Myvi'. It has its own reasons for one of the top national cars here in Malaysia. Although I will never understand its motto at the back that says "Building Cars People First". Good luck.

Why Buying a Used Car is the First Choice For New Drivers

Every year thousands of young people obtain their first driver's license and rush out to buy the car of their dreams...or just a set of wheels to get them from point A to point B. As parents, we want our young people to be in the safest vehicle we can find for them. And because of that, in the past, parents and first-time drivers went to their local new car dealership to buy a new car. Those days are well and far behind us now. The economy dictates that such an extravagance as a brand new car for our young drivers is not a feasible purchase.

A new car has an initial down payment and then, monthly payments which can be close to the cost a an apartment rental. This is not a fair financial assumption for our young people who are just starting out and trying to live on a budget far less than their parents. Then, factor in the auto insurance for this new car and this first-time driver. New drivers are notoriously targeted for the highest in insurance ratings and that new car, along with the high ratings for the driver, just skyrockets your monthly costs.

So, let's keep our feet on the ground and look at an option that has been disregarded for too long a time. When you first think of buying a used car, you worry about all the things that could be wrong with the car and the safety of the vehicle in question. Certainly, if you are buying from the local classified ads, you will need to take extra precautions to ascertain that the vehicle you are interested in is reliable and doesn't need excessive repairs. It is always a wise idea to have the car inspected by your mechanic just to ascertain the mechanical condition.

Another place to find a used car for your first-time driver is at an auction. This could be a government car auction or a public car auction. The rules for both are similar. At either auction type, you will find quite a selection of used vehicles that are generally reaped cars due to financial reasons. Meaning, the owners could not afford to continue making payments on the car or truck and the vehicle was repossessed by the loan originator. Now, these cars sit on the auction lots waiting to be sold at a fraction of their originally cost.

You can easily search for used car auctions online and delve a bit deeper into the types of vehicles and their selling prices at local auctions. This will give you a good idea at what a great discount you can really get a used car for and provide your young driver with a safe, reliable vehicle at a price you can afford.

Toni likes to save money and learned how buying a used car at a car auction at significant discount can get your hands on a great set of wheels.

How to Get a Good Deal When Buying a Used Car

When you're looking at buying a used car for the first time, you will want to know if its value is what is being displayed or asked of by the dealer, and you will need to keep in mind that you may end up paying slightly over the valuation of a car the first time that you buy a used car. You will need to familiarize yourself with information and facts that will put you in a good position to be able to appreciate learning some used car buying tips and be able to negotiate with a dealer to get a better deal.

Knowledge of what Cars are Really Worth

When you are looking at to find out the value of a car, it is not going to be easy to get exact amount for the car, but you should be able to come up with an estimate of the car's value, which should be quite close to the actual value of the used car. If you want to get a good deal when buying a used car and want to do this economically, then you should go into a dealer showroom having the knowledge and information about the value and worth of your car. So, you should know how much you or anyone else should be paying for the car, this is known to many as the market price. You can ascertain the market price of a car through comparison of prices from different sources, there are many different price comparison sites out there to choose from and there will be reviews by people who have bought the model and which cars you are interested in. Here , so you will be able to look at their reviews and conclude Whether it is a good deal at a certain dealership. If you are looking to secure a great bargain with the dealer, then you will need to have the relevant information when you go to meet any such sales person, you will also need to have in mind the market price of the car and if the salesperson can offer you a competitive price.

Budgeting Helps

You will need a budget in mind when looking into buying a car economically, and you should not stretch beyond the price that you can afford to pay out for the car, you do not want to land yourself in a huge amount of debt, or not have extra money to spend on other things. Having a set budget will allow you to focus and overcome the urge to purchase a car because it is at a great price, you should be focusing on getting a bargain for your purchase, but not to end up in a huge amount of debt completing the process. So, when you do enter the dealership, you will not succumb easily to their high pressure sales tactics And thus you will end up parting with less cash than they would have wanted.

A Cheap Price Does not Equal Low Quality

I'm sure you will be looking for a great deal when you go out to to look buying a used car. But, buying a cheap car does mean you are going to end up buying a piece of junk that is worthless and unimportant. Also, it will not mean that your engine will be of poor quality either. What I mean by cheap here is that you are buying a car at a lower value than it actually is valued on the market - it could be that the dealer is wanting to sell the car and wants to sell at such a low price because he knows you will buy the car, and he wants to sell it quickly, albeit at a lower price and commission. Even though you are getting a car at a great price, this does not mean to say that you should compromise on the quality of the vehicle and because the car is of lower quality, you will probably end up paying out much more money in the long run with repair bills.

Do Your Research

Before you go to buy a car, if you complete your homework and research - conducting research and analysis of your chosen car and others market prices - then you will be in a great position to negotiate with the dealer to get the best price available for your car. The sales person will find it very difficult to take you for a ride and 'pull the wool over your eyes' and you will know the current market value and average price that your car should be selling at.

Before going to the showroom Make up your Mind

You will need to be sure that you have a clear picture of what you want to achieve by going to the showroom, and have restrictions on your budget and that you will spend time there. Do not end up buying something which you do not need because of an impulse decision.

Do not Appear Desperate

If you appear to be in desperation, then this will ultimately lead to you purchasing a car in desperation, which will lead to the sales person playing on this desperation, which could leave you heavily out of pocket. You should never appear desperate to buy your first car, when you are looking for or tips on websites and forums, as this will affect your power to buy the right used car for you.

So, you should remember that going to a showroom and talking to a salesperson about buying a car is a negotiation, to ensure you get the best deal for yourself - you will be testing your negotiation skills. You should be able to purchase a cheap car, but, you will need to remember small details to check, such as the log book and record mileage. This will help you review the car's age and previous need for repair, indicating Whether the decision to purchase the car is a good one. When purchasing your first car economically, this does not mean that you should spend very little money, what it means is that you should purchase a quality vehicle at the lowest price possible

fact about used car

A used car, a pre-owned vehicle, or asecond hand car, is a vehicle that has previously had one or more retail owners. used cars are sold through a variety of outlets,including franchise and independent car dealers,rental car companies, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices,"certified used cars, and extended service plan or waranties

Used Car history

In 1898, the Empire State Motor Wagon Company in Catskill, New York is one of the very first United States American used car lots.100 Years of the American Auto Millennium Edition, page 18, Copyright 1999 Publications International, Ltd.

The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market ($206 billion in estimated annual sales) and the home improvement market ($291 billion in estimated annual sales.

Vehicle history reports

In the United States, an estimated 34-percent of consumers (in 2006) are buying vehicle history reports for used cars.www.theautochannel.com Vehicle history reports are an inexpensive way to check the track record of any used vehicle. Vehicle history reports provide customers with a detailed record based on the vehicle's serial number (vehicle identification numberVIN). These reports will indicate items of public record, such as vehicle title branding, lemon law buybacks, odometer fraud and recalls. They may indicate minor/moderate collision damage or improper vehicle maintenance. An attempt to identify vehicles which have been previously owned by hire car rental agencies, police and emergency services or taxi fleets is also made. However, consumers should research vehicles carefully, as these reporting services only report the information to which they have access.

In some places the government is a provider of vehicle history - but this is usually a very limited service providing information on just one aspect of the history.

None of the vehicle history reporting services in any of the countries listed above offer the service for free. Several of the services, most notably those in the United Kingdom and the United States, sell reports to dealers and then encourage the dealers to display the reports on their Internet sites. These reports are paid for by the dealer and then offered for free to potential buyers of the vehicle.

In the UK, the DVLA provides information on the registration of vehicles to certain companies for consumer protection and anti-fraud purposes. The information may be added to by companies with details from the police, finance and insurance companies. Such companies are able to provide a car check online service for the public and motor trade...