I think we have all had that one time where we are just cruising down the road and then it happens. A strange smell. What could it be? Is it the engine? Is it the gas? Is it oil. It can be confusing and a little scary.
It doesn’t have to be though. Below are 5 smells that you will definitely recognize and what they could mean.
- Burnt Rubber could mean slipping of the drive belts or hoses that might be rubbing against rotating accessory drive pulleys. This is something that needs to be checked soon.
- Hot Oil- The smell of hot oil could mean that oil is leaking onto the exhaust system. To verify a leak, look for oil on the pavement or smoke coming from the engine area. Please turn off the engine before checking for the leak.
Read More HERE.
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Chances are if you are in the market to get a new car ( or used one) and need a loan you are feeling overwhelmed. That’s okay. Getting financed is a confusing and scary experience. Especially if you have never bought a new home, etc. But there are tips that can help you be prepared and think about what you want to do.
Choose where you want to finance:
Do you want to go through your local dealer or through your bank. There are pros and cons to each, so it is in your best interest to research the best rate and terms.
Check your credit:
You should be checking your credit periodically anyway but if you are like most people ( raises hand) you aren’t. Now is a great time to check your credit. Your credit score will play a key role in the rate you’ll pay for your loan.A high credit score can help you get a low car loan rate, which in turn saves you money on interest.
Pick Your Payment:
Car loans typically come in 3-, 4-, 5- and 6-year terms. The longer the term of the loan, the lower the monthly payment. But a longer car loan also means you are likely to be “upside down” for a longer period of time. To be upside down (or “underwater”) on a loan means you owe more than the vehicle is worth. Also don’t forget to factor in your insurance, maintenance, and gas costs.
Read More Tips HERE.
A lot of people think that buying a car is an investment. Wrong, you are buying a depreciating asset. It loses more than 20% of it’s value in the first years.
Consider these tips on your next auto purchase and make it a long lasting, happy experience.
- Assess your budget. Review your budget and calculate how much you can afford. Do not deviate from this when you are at the dealership. That will put you in a lot of debt.
- Check your credit report. If you have bad credit clear it up before buying a car. Also, make sure there are no discrepancies or identity theft. You want the best rating possible before going to the dealer.
- Get an auto loan pre-approval. Before stepping on the lot make sure you can get financed. If this is your first car ever you may not be able to get financing at a good rate. Make sure you know how much you can borrow and what the payments actually will be. Sometimes it may cheaper to pay in cash. Also, if it is possible get a cosigner if you can’t afford cash and have no credit rating.
- Determine your car requirements. What do you need and want? Know which car is right for you.
- Shop for the best deal. Most dealerships have a way for you to get a quote from the comfort of your own home. Don’t be afraid to use this resource. That way you know exactly what you want and how much it is going to cost before you even step on the lot.
Read More HERE
Buying a car can be a confusing experience for some. I really don’t know a lot about cars and always have to take someone with me. Here are some tips that I learned that will make that purchase go smoothly.
It is absolutely imperative to test drive a car before buying. You would think that would be a no-brainer but you would be surprised at how many people buy a car based off of how it looks. You should be testing how it handles, if the brakes are good, and listening for odd noises. Also, always check the air conditioning and heat. My Dad purchased a used truck only to find out when he brought it home that the air conditioner was broken. That was an added cost he couldn’t afford at the time. So check everything while testing it out. Another thing, don’t take it down the block and back. Test it out for a good 30 minutes.
Get The Vehicle’s History Up Front:
Has it ever been in an accident? Has it been maintained a lot in the last two years? Also, check to make sure that it has never been stolen and that the loan is definitely clear.
Check The Vehicle For Maintenance Issues:
Make sure there are now spots of rust, oil leaks, the condition of the tires, seat belts, etc. If you don’t trust your judgement bring along someone that has a great deal of knowledge about cars or your own mechanic.
Read More HERE
Buying a used car is almost like a rite of passage. A lot of times, especially with the cost of living so high, a used car is the only option. I have a teen looking into buying a car right now and let me tell you, it has been really stressful. So I listed some advice I was given through research and it has helped tremendously. So I want to pass them onto you.
Look into Pre-financing Options:
Don’t just immediately go through the dealership. The best place to start is through your own financial institution, such as your credit union or bank. There are a lot of websites on the internet that can can provide up to date information when you need to research car loans.
Factor in Insurance Costs
When I bought my first used car I didn’t think about all of the other fees I would have to pay each month. I bought the car based on my budget and at the end of the month I had $50.00 left. Try buying tags and insurance with that. Needless to say it was a complete nightmare and I ended up almost working myself to death to pay for it. Always factor in your cost of insurance, tags, and any other fees. If you are not sure about what the insurance is going to cost, get a quote online or call your existing insurance company. They will guide you through the process.
Read More HERE