Advantages Of Online Auto Loan Applications

 

In the current market, there are several ways for one to get help in paying for a nice, personal vehicle. Banks, dealerships, financing groups, and, nowadays, even the Internet have gotten in on the act. However, there is an emerging increase in online auto loan applications, likely due to the reputed convenience and speed by which these institutions are characterized. These online auto loan applications websites can be very competitive with one another, as well as with their real-world counterparts. As such, it is not unusual for them to offer competitive rates and terms that are easier on the pocket that a bank or car dealership would.

In previous years, a history of bad credit, declarations of bankruptcy, and default on loans meant that a person was not fit to be given money or be approved for any sort of financing deal. While this still holds true at the core, several online auto loan applications specialists have found ways to work around those limitations. The blatant disregard for past credit history is currently not the standard by which the industry works but it is becoming a trend among the websites that have decided to specialize in the car financing field.

Previously, getting a financing deal approved was seen as both an activity which took up too much time and was far too complicated a procedure. However, with online auto loan applications, the process has become faster. Online lenders can easily check into an applicant’s financial history, based on the information provided to them on the applications on the company’s websites. After a few minutes of checking, these online lending organizations can easily determine whether or not one’s credit rating is acceptable enough for them to loan the money needed to get that car the buyer is interested in. The online environment also makes it faster for these online financing groups to actually transfer the money to the buyer, making the time between the application and the buyer receiving the money far shorter.

Another bonus is that online auto loan applications tend to have lower interest rates than a bank or a real world equivalent. These rates are results of the drive for competition between these online lending companies, as well as competition with banks, dealerships, and real world lending organizations. While the tendency to vary interest rates has currently been adopted by online lending groups, it is not as widespread as it is in car dealerships. However, the interest rates and the terms of the loan are all determined primarily by two factors. The first factor is the potential buyer’s credit rating. The second factor would be the actual amount that the buyer is actually asking for.

While by no means perfect, online auto loan applications are fast becoming the norm for people who are intent on purchasing a car, be it used or new. As with their real world counterparts, knowing one’s credit score is essential in successfully completing one’s online auto loan applications. There are also some risks involved, even though most websites have taken security measures to make sure that no identity theft is made. That does not mean the consumer can be lax in preventing such theft on their end, however. Regardless of the risks, the benefits of convenience, speed, and flexibility offered by the online lending companies are far more tempting than the prospect of having to drive over to an office and discuss things, only to end up feeling as if one’s time was wasted.

How To Save On Your Gas Yearly

 

If you are a typical driver, you drive more than 1300 miles in a month and, over the course of a year, you’ll purchase about 600 gallons of fuel to keep your car going. That’s the typical driver; you may not drive quite that much or you may drive a lot more than that but the point is, at current gas prices, you might be spending as much as $1500 a year or more just to keep gas in your car. Unfortunately, experts in the field predict gas prices going up from what they are now, giving us all a large incentive to try and find ways to reduce our fuel consumption. There are some ways to do that!

The next time you reach for your car keys ask yourself: Do I really need to drive? Every trip to the store does not require car keys; you may find that there are ways of getting to your destination that is less expensive or even free:

Walk! If your destination is just a quarter of a mile or so away, walking those few blocks will not only save your gas money it will help you stay in good shape.

Peddle! You may own a bicycle that’s sitting in a corner and not being used; dust it off and use it for those destinations that are just two or three miles away. Don’t worry! You never forget how to ride a bike! If you don’t own a bicycle, consider buying one.

Public transportation! For those trips that are just not practical for walking or peddling, consider your public transportation options.

Ride sharing! There are literally thousands of carpools operating five days a week and saving their member’s plenty of money on gas and on wear and tear on their cars. Ask around at work, you may be able to find two or three people who live in your general area and who are willing to start a carpool. Also, ask at work if the company has considered starting a vanpool — they may already have one that you can get in on.

Neighborhood networking! Many times, in suburbs and small communities, neighbors get together for weekly trips to the grocery store or into town for other shopping or supplies — one week one person drives and the next week someone else drives. That type of arrangement also works great for getting the kids to school and home when you live in an area where there is no school bus service.

Telecommuting! More and more people are working from home and, with modern technology, they can even attend virtual meetings right from home. There are thousands of companies across the country that allow telecommuting and, if you can present it as a practical alternative to your management, you may join the ranks of telecommuters — at least some days of the week.

Perhaps you have no choice — there is just no way, other than driving, to get from ‘Point A’ to ‘Point B;’ there are some things you can do to make your driving a money-saving experience.

Moderation! Watch your speed, if you drive at posted speed limits you’ll actually be driving at the most fuel-efficient speeds; if you have cruise control, use it for highway driving. When pulling away from a stop sign or light, don’t ‘floor it;’ jackrabbit starts are a big waste of gas. Jamming on your breaks wastes gas also and, more importantly, if you find yourself constantly hitting the breaks hard you’re driving far too aggressively; there is no need to add medical bills to your gas bills.

Plan ahead! During the morning and afternoon ‘rush hours’ you may find that the shortest route between home and work is also the most congested. Find an alternate route, even if it’s a little longer, it will get you out of those gas-wasting traffic jams. It also may be possible to have your work schedule changed so that you can miss the heavy traffic on the major highways.

Driving ‘lite’! The lighter your vehicle is, the less gas it will use. Don’t lug around unnecessary weight. Also, use the cars well-designed aerodynamics to your advantage by keeping your windows closed and not having anything strapped to the top of your car.

Keep your car in shape! A well-maintained car will burn less gas than one that has been neglected: keep your tires properly inflated; use the proper (manufacturer recommended) oil and gas in your car; change your oil and have tune-ups at regular intervals. If your tires need replacement, look for tires that are rated as LRR (Low Rolling Resistance). Proper tire inflation along with the LRR tires will be your biggest fuel savers.

Rising gas prices will probably be with us for quite a long time so, if you are interested in saving money on gas, take these tips very seriously.

How The Internet Can Help You Find Car Deals

 

Car ride on road in sunny weather, motion blur

It happens to all of us. Our old car is ready to retire and we need to find a new car. It can be very exciting to buy a new car and there are many ways to go about doing it. Buying online is a great way to buy a new car and even research new cars, as there are no sales tactics and no dealers or salesmen pressuring you into something that you may not want. Buying a new car online certainly puts you in charge of the whole transaction but there are a few things to keep in mind when looking at new cars online.

Most people have an idea of the kind of new car they are looking for, whether it is large family car such as a 4×4 or an estate, a small economical diesel car, or a weekend sports car. You may want a car that was just like your old one. Whatever kind of car you think you have in mind, make sure you do some research on it. Determine what you will need from the car, how many people will be driven around in it, what kind of space is required, and running costs. Running costs is an important factor to consider when looking at new cars.

Once you have done some research and know what kind of new car you would like, step into the online showroom and look at the modelís details. Become familiar with the modelís specifications and price. You can do this by reading reviews online, in car magazines, newspapers, online, anywhere you can find different reviews and information about the new car you are looking for the better. Being armed with information will help you make a good choice when it comes time to take the big step with the final purchase!

Once you have finalized your decision about the new car that you want, it is important to get different quotes. Shopping around is the only way to get the best deal and make sure that you are paying the least amount of money for the car you really want. There are some companies and websites that are highly overpriced and paying these big price tags can be avoided by simply obtaining a few different quotes for your new car.

Once you have received a few different quotes for the new car, find out as much as you can about the dealer. The best way to do this is just by asking a few simple questions. Find out what their policies and procedures are. Some important questions to ask are about warranty, delivery costs, whether the new car will be delivered with a full tank, are there opportunities for further discounts and are there any free accessories available. Knowing these answers will take a lot of the risk out of buying a new car online.

Lastly, before you purchase a new car be sure to read the entire agreement. If there are parts of the agreement that confuse you, ask about them and make sure that they are fully explained and that you completely understand them before signing any deal. This will help protect you from unforeseen problems in the future.

Four Ways To Increase Automotive Performance

 

In these days of high gasoline prices, it may seem ridiculous to consider ways to increase your car’s performance as they are almost always associated with increased fuel consumption. However, there are four ways to increase automotive performance that do not have to negatively impact your gas mileage. Let’s take a closer look at each one.

1. Reusable Air Filters. Landfills are stuffed with items we use once and then throw out. Auto air filters are one such item and through the life of a car, you can go through 6-12 of them with no problem. For approximately three times the price, washable and reusable air filters are a great alternative. When you purchase one it likely will be the last air filter your car will ever need. Reusable air filters enable you to gain slight increases in horsepower and acceleration as well as to impact the environment in a positive way.

2. Performance Chips. All new cars are operated by a computer chip that tells how much torque and horsepower can be displaced. Performance chips or recalibrations of your current chip can produce significant increases in horsepower and torque for your vehicle.

3. Performance Exhaust Systems. Cat-back or “catalyst-back exhaust systems” are a great way to free up trapped torque and to unleash horsepower. Keeping all the important emissions parts in place, a cat-back system incorporates large width exhaust pipes and low restriction performance mufflers into your car thereby lowering exhaust backpressure. A side benefit is a really awesome sound emitting from the exhaust system.

4. Cold Air Intake. A cold air intake is an under the hood mod that helps to reduce the temperature of the air entering the car for the sole purpose of increasing the power of the engine. Side benefits include enhancements to the appearance of the engine bay as this part can be attractive and colorful; the sound the unit makes is also appealing.

Costs for each of these performance enhancements can vary greatly. Shopping online with a trusted wholesaler is one of the best ways to find top quality parts at the lowest possible prices. By doing the work yourself, you can save a bundle and enjoy the fruits of your labor in no time.

5 Simple Strategies To Cheaper Car Insurance Premiums

 

Car insurance is compulsory, but it’s not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you serious money at renewal time.

Step 1 – Cut the Risk and Cut the Cost
The easiest way to cut your car insurance premiums is to cut the risk and accept a higher voluntary excess. An insurer’s standard excess may be $100 but if you meet the first $250 of any claim, you’ll see a reduction in your premium. This is because you’re taking on more of the risk so you get a discount. But it’s a gamble, be aware that you might have to meet the cost of a broken window after an attempted theft or a bill for repairing bodywork damage after a car park crunch.

Step 2 – Security Means Savings
Fitting security devices can also result in cheap car insurance premiums. All major insurers insist on Thatcham rated security equipment, usually a minimum of an alarm. If you live in a high-risk area for car crime, it makes sense to fit extra security. It saves you money when your insurance renewal is due and gives you extra peace of mind.

Step 3 – Annual Mileage, Less Means More in Your Pocket
If your annual mileage is, 5,000 miles or less, ask insurers if they offer discounts for agreed mileage restrictions.

Step 4 – Named Drivers Trick
Adding a named driver to your policy can increase or reduce your premiums depending upon the named drivers age, sex and driving record. Adding a young driver will increase your premiums, particularly with a limited or poor driving record. However, adding a driver over 30 years old with a long and clean driving record can cut premiums, particularly if the named driver is female!

Step 5 – Shop Around and Save Even More
The biggest car insurance savings come from shopping around. There can be massive differences between the lowest and highest car insurance quotes for exactly the same car and driver(s). Start off using good comparative online quotation sites, take their best quotes and go direct to the cheapest car insurance company for more specific quotes.

So next time your renewal quote arrives, don’t just accept it and give your money away to the insurance company. Use the steps above and get the right cover at the right price.