New Car – Auto Loans

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We’ve all been bombarded with ads, emails, commercials, and billboards saying how much we can save on our auto insurance by switching to another company. It’s a competitive industry. Just  because another company is offering a better rate doesn’t mean you should rush to call and cancel your insurance and switch. There are a few things you need to make sure of before you do.

Here are a few things to watch out for before you switch your auto insurance to another company.

If you’ve been with one company for many years and they offer a credit that waives the first accident you have, you may want to stay or see if the other company can match it. Sometimes this is referred to as good driver discount or a longevity discount or accident forgiveness. The company rewards you for your loyalty by waiving the first accident you have.

This discount can be pretty significant. Since most accidents can raise your rate by 40% for 3 years the potential savings could be several hundreds of dollars over that 3 year period. But when you switch companies, you lose this credit you’ve built up. If you have an accident with that new company how much are you going to regret not having that accident forgiveness by seeing your rates jacked up by 40%?

Another thing to be mindful of is to make sure the company you are switching to is not offering you just a teaser rate for the first 6 months to get your business and then bump you up 6 months later once they’ve got you on their books. Since auto insurance is a profitable industry, companies may offer you a low ball rate to get you to switch and then once they’ve got you increase your rates at the renewal. If the rate the new company quotes seems too goo to be true do more research. Check out insurance forums or search Google for “XYZ insurance + Reviews.”

Watch out for hidden fees. This is one that can surprise you. Some companies charge you for making monthly payments – usually $3-$5 a month. Over the course of a year that comes out to $36-$60. That one fee can take a big bite out of your potential savings so make sure you factor that into the rates you are comparing. Make sure you are really saving money when you switch.

Two other things to keep in mind when shopping around for auto insurance are the new company’s website and hours of operation. Make sure their hours work with your hours. If they are only open from 8-5 and you work 8-5, when are you going to be able to call them if you have a question or need to make a claim? If you do all your business online you want to make sure the company you are looking at has a capable website that can help you 24 hours a day.

You can save money by shopping your auto insurance around. Just be sure to keep in mind the things I’ve mentioned to make sure the deal you’re looking at is really a great deal.

With the world becoming more and more globalized, there has been a increase in business for car shipping companies to ship all types of vehicles ranging from motorbikes to lorries, trucks etc. Online car sales and car auctions have also contributed to an increase in demand for car shipping services.

As a result, today there is a wide range of car shipping companies to choose from. But how do you go about picking a car shipping service that is suitable for your car? Here are a few tips to bear in mind.

1. Enclosed Or Not Enclosed

You will need to decide whether your car needs to be enclosed in a container or not during shipping. Generally enclosed containers are more expensive but the advantage is your car will not need to suffer from wind, rain, debris etc during transportation.

I would recommend to use an the enclosed method of transportation if your car is a brand new one or is expensive. An example would be a vintage car or an expensive sports automobile.

2. Shipping Routes

You may need to check with the car shipping company whether they can deliver to your house. Some shipping companies only deliver to major cities and certain pickup locations after which you are expected to go there to collect the car.

Other car shipping companies will charge an additional fee to ship it to your house. So it is important you check with the company before hand the shipping arrangement.

3. Car Inspection

Most car shipping companies will have a car inspection checklist before and after the car is shipped. You want to go through that checklist and make sure your condition of the car is checked correctly before shipping.

You can take your time to inspect the car after it has been shipped to check for any damages to your car.

5. Car Shipping Insurance

You may want to check with the car shipping companies on the shipping insurance coverage on your car and the cost involved. Most car shipping companies include insurance in the total shipping cost but some don’t and will require an additional charge. So make sure you know the insurance coverage and the cost if needed.

What is your perception of seized and reposesed cars? For far too many people seized and reposesed cars hold a certain stigma and they tend to think that these are all vehicles that’s been battered and bruised. Nothing could be further from the truth. Most of these vehicles are in top condition and are in fact the very same vehicles that second hand dealerships are selling.

Seized and reposesed cars are primarily cars that government agencies and private financial institutions lay claim on. The government agencies will usually lay claim on a vehicle if it was used in criminal activity or even if it’s a recovered stolen vehicle that’s not reclaimed by the original owner. The financial institutions in turn lay claim on vehicles where the owner fails to make his monthly payments. These vehicles, as you can imagine, are usually still in top condition and sometimes they are virtually brand new.

As good a deal as these seized and reposesed cars are, there are some pitfalls that you need to watch out for. Here are three invaluable tips that will help you in finding and purchasing a quality reposessed car:

- Do Your Homework…

Firstly you need to do your homework about the cars you are interested in. Make sure you know exactly how much you can get it for both new and second hand. Secondly, do your homework about the company you are buying the reposesed car from. If it’s at an auction make sure you check out their credentials and that they are actually selling reposesed cars. Many companies who claim to sell seized and reposesed cars are only making these claims to get you through their front door or into their website.

- Finding them is half the job done…

Finding decent seized and reposesed cars is probably the biggest challenge. There are some good websites that keep and maintain a database of all the seized vehicles that are for sale throughout the USA. Only a handful of these web services are actually connected to the various agencies and auction houses. Be careful of websites that only act as a middleman – make sure the give you direct access to their database that will enable you to search for specific vehicles and their locations. Finding the best deals is all about the quality of the website you are searching on and their database. Some dealerships claim to sell bargain reposesed cars, but it’s usually just an incentive for you to buy. Go instead to the source. Go and buy where the dealerships buy. This is where you will find the real deals.

- Be auction sassy…

When you do find your dream vehicle at that unbelievable price, you still need to be vigilant – especially at auctions. If you are not very good with cars and engines, then ask someone who is to accompany you. Check the vehicle thoroughly before bidding starts. Auctioned vehicles are sold ‘as-is’. If a third party grades or examines the vehicles, make sure they are reliable, especially at online auctions. And when you bid…don’t get caught up in the bidding. Fix your price and don’t bid above that!

If you just can’t afford that car that you really want, then seized and reposesed cars might just be what you are looking for. This is by no means an inferior source. Dealers and wholesaler have been buying their stock from these seized and repossessed auctions for a long time. With the internet these databases are available to the general public and you no longer need any special ‘contacts’ to get access to this great resource. Providing that you are vigilant and you do your due diligence you can’t really go wrong.