The Benefits of Buying a Used Car

Before making a new car purchase, it’s wise to check out used car dealers first. Not only do you have the potential to save thousands of dollars buying a used car, but there are also other great benefits that go along with buying a slightly used vehicle.

After someone buys a brand new car and drives it off of the lot for the first time, the value of the car goes down immediately and drastically. Many Orange County used car dealerships and dealerships around the country sell practically new cars for thousands of dollars less. If someone buys a new car and then decides to sell it for another one right away, the price of the car, no matter how practically new it is, will be significantly lower than the actual brand new version simply because it was driven off of the lot.

Brand new cars are also very expensive to register. Every year, it will cost you hundreds of dollars more in taxes when you go to get new tabs. A used car that is just a few years older will save you money at the DMV.

Most brand new cars cost an arm and a leg to buy, which means that you will have to take out on a loan on it. Not only will you have to pay interest on the loan, but all loans require that you subscribe for comprehensive car insurance which is the most expensive type of insurance out there. If you go for a slightly used car that costs less, you can save up to buy it in cash, and you can also save yourself from the high insurance rates.

Benefits Of Buying Used From Dealerships Instead Of Individuals

When you are in the market for a used vehicle, many people will tell you that you should buy from an individual and to avoid dealerships at all costs. Truth be told, there are many reasons to consider your next used car purchase from a lot instead of an individual beyond price.

Guaranteed Title

This may be the single greatest reason to do your shopping at a quality car lot. Nothing is worse than paying a person for a vehicle, waiting in line at the Department of Motor Vehicles, and then being told that there is an existing lien that you are now liable for. Dealerships provide a guaranteed title for all of their products, and you can rest assured the title is free and clear.

Inspection

Buying a certified pre-owned vehicle usually carries a manufacturer’s warranty. That means the automobile must meet higher mechanical and appearance standards before it can be resold. Be sure and also request a history report that shows the certification process.

One Stop Shop

Why go through the hassle of scouring the newspaper or internet for people trying to sell their old vehicles and then traveling to look at their one and only car? Instead, visit a dealer’s lot and shop around through many different makes and models until you find exactly what you are looking for. Test drives are also safer to conduct there instead of with a stranger.

Trade In

A quick and easy way to reduce the sticker price on a used auto is to take advantage of the car dealer’s trade in program. If you have your own older car, you can drive in with it and drive out with a “new to you” car. Despite common perception, car lots will pay you pretty close to the private sale amount if it is in decent condition.

After Sales Service

An ongoing benefit you can reap from a dealership is the after sales services they typically provide. Many shops will offer maintenance and spare parts for you when you buy from them. For any services that are not included, they will also provide specials or discounts to customers.

Legal Protection

Purchasing an automobile from a dealership offers immensely greater legal protection for you. Quality dealers must comply with the Fair Trading Act, the Sale of Goods Act and the Consumer Guarantees Act.

The Fair Trading Act prohibits “misleading or deceptive conduct, false representations and unfair practices.” The Sale of Goods Act requires that anything sold must be in decent condition. Lastly, the Consumer Guarantees Act allows consumers to seek damages from the seller if they did not have the proper rights to sell you that automobile or if there was money previously owed on it.

How to Fix Credit Rating – If You Are Wondering How to Fix Credit Rating, Read These 3 Golden Rules

Is your debt overwhelming? Do you fear applying for car or auto loans? Is the number of collection calls increasing? Do you avoid opening the late payment notification in your mail? Are you wondering how to fix credit rating? If this is the case, don’t get discouraged or depresses. Relax and take a deep breath. In the middle of an economic crisis many Americans share the same credit problems as you do. And some of them have already found that fixing bad credit is not as hard as it seems. Following 3 simple do-it-yourself rules can save you from a lot of financial stress and can boost your credit in no time.

1. Don’t pay for credit help if you can get the job done yourself. Many of the credit counselling places will charge you an arm and a leg to give you credit advice tailored to your specific credit situation. What you are actually paying for is knowledge about the inner workings of the credit system-how your credit score is calculated, which negative items on your credit report should get more attention etc. If you have the knowledge about the mechanics of the credit system, then you will be better equipped to deal with it and increase your credit score. However, you don’t have to pay a fortune for that. You can get that same valuable credit knowledge at little or no cost when you do the right research.

2. Don’t do everything the hard way. Find the easy way out. If you pay off all your debts in full, you will raise your credit score. What happens if you don’t have that extra money in your pocket? You can still find a solution for your debt. For example,if you can’t pay the balance on your credit card in full, do a balance transfer. Balances that are kept around the healthy 30% of the card limit affect you score positively. Simply do a balance transfer from the cards with high balances to the cards with low balances. If you want to add length to your credit history, add a co-authorized user on your credit cards – a person with credit history that is longer and better than yours.

3. Negotiate first before you make any payments. Negotiation is vital for a successful credit repair. If you do it the right way, you can manage to reduce a portion of your debt, change the installment plan, delete collections, late payments and charge-offs from your credit report.

So if you are wondering how to fix bad credit, stop right now-fixing bad credit is not hard at all. Save you cash, use the little known credit secrets and improve you score in no time.