What is a Salvage Title Vehicle?

When a vehicle has been badly damaged due to an accident, repairs will cost more than the initial price tag, the insurer will calculate the remaining value and take possession of that vehicle. The insurer will then auction this vehicle to rebuilders or salvage companies. The vehicle will be issued with a red flag to warn prospective buyers that it has been declared valueless by the insurer. This is the vehicle with a red flag referred to as salvage title vehicle. In the United States, … Read more

Protecting Yourself from Odometer Rollback Fraud

One of the common motor vehicle fraud committed by dealers is the odometer rollback fraud. You will find them rolling back the odometer readings to increase the value of the vehicle. They make the vehicle seem like it has a lower mileage than what the actual reading of the odometer was. Rolling back of odometer is illegal under the U.S. state laws. If you are a victim of odometer rollback fraud, you have a right to sue the dealer and get compensation. A motor vehicle … Read more

Identifying Hidden Car Buying Fees

The true cost of buying a car goes beyond the asking price, retail price or the agreeable monthly payment. There are several hidden costs that you will need to be aware of, which count towards the true cost of owning a new car. To ensure that the used or new car you choose provides maximum value and fits your budget, you will need to consider all the hidden costs. Some of these hidden car buying fees have been explained below. Financing Charges When you are … Read more

How to Avoid Flood Damaged Cars

In this era of electrical engines, some cars are vulnerable to flooding compared to others. In fact, even little water inside a car can permanently damage the vehicle’s engine and electrical components. Unfortunately, many people lack the technical knowledge to recognize problems in the car’s engine or other electrical components. This is what gives sellers of flood damaged cars an edge over ignorant vehicle buyers. They know that electrical components or engine problems are easier to conceal than exterior damage. It is easy to spot … Read more

How to Avoid Curbstoning When Buying a Used Car

Curbstoning is the business of selling used cars by unlicensed dealers. Normally, these dealers pretend to be private parties to evade taxes and regulations. If you are planning to purchase a used car, knowing what this term means is the first step you have taken towards protecting yourself from becoming a victim of it. Here are other helpful tips that will protect you from becoming a victim of a curbstoning business. Avoid cars sold off the side of the road If you notice a car … Read more

Factoring Car Insurance Rates into Your Budget

If you are planning to acquire a new or used car, you must factor car insurance rates in your budget because each state requires car buyers to purchase minimum car insurance before driving their cars on public roads. If you have been shopping for the cheapest car insurance cover, you would have probably known that there are many factors that will determine your insurance rates. Continue reading this article get more insights about some of the factors that determine your car insurance rates. Factors that … Read more

Car Frame Damage & Structural Damage

Frame or structural damage to a vehicle is caused by a serious accident. A vehicle with frame damage or structural damage is unsafe to drive. Unfortunately, you will find these vehicles having a clean title. Many dealers sell them knowing that the vehicles’ frames or structural components had been damaged before. They do not disclose the damage because they feel that the car buyers will believe that vehicles have a clean title. When dealers hide this fact, they normally want to make larger profits from … Read more

Buying vs Leasing a Car

Having confusion about whether to buy a car or lease it? Read ahead to know the key difference in buying vs leasing a car, in order to make an informed decision. Ownership When you buy a car, you instantly become the owner of that car. You can keep it as long as you want until you decide to dump it, junk it, sell it or donate it. When you lease a car, you don’t own it. However, you can use it in whatever way you want … Read more

Buying from a “Buy Here Pay Here” Car Lot

“Buy Here Pay Here” dealerships are new or used car dealerships that finance the car themselves rather than using the lending institutions. They market their businesses to people with bad credit or low income. Since they serve car buyers who can’t afford bank loans because of their bad credits, they inflate vehicle prices at will and charge high-interest rates on car loans. When a buyer misses even one monthly loan repayment, they aggressively repossess the vehicle without looking back and keep all the money that … Read more

Buying a Car with Bad Credit

If you are planning to finance your car with a bad credit, then you will find limited options because many banks and lending institutions only give loans to people with good credits. However, there are several ways of buying a car even if your credit score is low. The steps below will show you how to buy a car with a bad credit. Rebuild your credit score first You will need to improve your credit score as much as you can before you visit your … Read more