How To Finance A Car In 5 Easy Steps

If you’ve ever wondered how to finance car, there are really only a few simple steps you have to follow. Car financing is very common since the average person doesn’t have several thousand dollars lying around to spend on buying a car outright. The car buying process is very simple once you know the basic format. When you follow these steps, you’ll be able the get the financing you need for the car that you want to buy.

1.Become familiar with your credit score
This is one of the most important steps in how to finance a car. Before you even think about borrowing money you need to know your credit score. Your credit score will let your lenders know your history with borrowing money. Frequently, there are mistakes on a credit report that will negatively influence your ability to get financing. Check your credit score and your credit report and correct any errors before you try to borrow.

2.Save a down payment
Your ability to borrow the money to pay your car is increased greatly if you place a down payment on your car. If you can manage a 20% down payment, your chances of borrowing will be very high. Even a 15% or 10% down payment can help lenders see that you are willing to put forth money to invest in yourself. Pick out your ideal car and start saving for a down payment. You’ll be rewarded with a better rate and lower payments on your auto loan.

3.Get pre-approved
Many people try to go to the dealership first and then get financing, but this is doing it all backwards. It’s much easier to shop for a car when you know exactly what kind of car you can afford. It’s very disappointing to have your heart set on a certain car, only to be told by your bank that you can’t afford it. In order to avoid this problem, why not secure the financing first? Most banks and lending institutions will arrange for you to get pre-approved for a certain amount. With this pre-approval, you’ll be free to shop for the type of car that you can afford or compare rates from other institutions.

4.Shop around for your car loan
Once you get pre-approved, you can use this rate to accurately evaluate other rates from sources online or other financial services in your area. You can compare rates by using a service like www.bankrate.com or visit other banks in your area. Shopping around can give you a better idea of the best deal for you. You may be able to find a source that has a lower APR or lower monthly payments than you were initially offered.

5.Purchase your car
After all this preparation, you can finally start shopping for your car. When you purchase your car, you’ll know that you’ve done all that you can to find the best rate. The next time you need a car you’ll know exactly

Benefits Of Buying Low Mileage Used Cars

The automobiles general condition is perfectly shown by its usage as recommended by its odometer. The reading of a cars odometer starts at nil when the automobile is just released from the manufacturers center. As the vehicle becomes older, its usage raises and its condition gets worse.

A vehicle with lower mileage would definitely run for 5 years or so if it does not have an incident. Hence, people who invest in second-hand vehicles check out lower mileage autos. However, how do you define low mileage? An automobile is regarded as a low mileage car if it has run less than a 100,000 kilometers. Generally, vehicles with a lot more than 200 k kilometers are said to be worn out and must be prevented. These kinds of autos may have quite a few problems unless of course they go for an overhaul.

Cars with higher miles also have corroded sections because of friction and this gets worse with the general distance that the vehicle travels. Even well-maintained vehicles are vulnerable to friction. In case a cars motor gets corroded, its lifespan is cut short.

Usually, miles decides the price tag on the car to be offered. Normally, a car with lower mileage cost higher compared to the one having a higher mileage. In short, the value of an automobile depreciates as the mileage increases. If you would like to know if the cars pricing is right, find out its mileage.

In case you come across a low priced low mileage automobile, you must be cautious enough to check for problems with the automobile. Oftentimes, you could get thrilled if you notice a cheap car that’s advertised in newspapers, net or in vehicle exhibits. And if the automobile provides low miles aside from the affordable price, then it will nearly be considered a done deal.

The sad fact is, that mileage may commonly be deceiving and won’t indicate the vehicles true condition. This is true particularly if a car has experienced incidents before. Yet another sad fact is that cheaters change the odometer reading so that they may get high price for their vehicles. This is why it’s extremely imperative to check on an automobile thoroughly before buying it even when the seller is great in presenting the nice details of the automobile.

Nonetheless, cars with lower mileages are usually much better than those having high mileages. They provide good value for money since they can last for many years and provide you with nice left over price. If you would like to purchase a used vehicle, think about the one that has a price tag that justifies its miles.

Terms And Conditions For Car Hire In Kolkata

The car rental industry has not only been useful and handy for the individual beings but also for the corporate houses. However, there are a number of conditions which needs to be fulfilled before you can actually rent a car. You are necessarily required to meet the terms and conditions which include returning the vehicle in the good and precisely the same condition when it was hired, not exceeding the maximum distance while traveling to a destination. If the distance goes beyond the limit you have to pay additional tariff. You will be able to gather all this information when you are hiring the car from the car rental agency.

When you are hiring a car and it is going to be self driven, you should possess a valid driving license. There are some other factors also which are taken into considerations when renting a car. When you will be driving the car yourself, you need to have that age limit for hiring a car. In India, for instance according to Motor Vehicle Act a person is legally valid to drive a car after he turns eighteen years old. But you might not be allowed to drive a rented vehicle unless and until you are twenty five years old and have enough experience of driving on different kinds of roads. Different rental companies set up different age limits for permitting to drive a rented car. They are mainly reluctant to allow a person to drive the vehicle if he has recently passed the driving test.

The car rental companies might refuse to drive the car especially if have an invalid driving license or there are some previous offences against your name in drink and driving case or any other accident. Basically when you are searching for the car rental companies you would come across two kinds of rental firms; the first is one which owns the entire range of different types cars known as fleet such as SUVS, the luxury cars, Sedan class and others. The second category is what is termed as broker model where car hiring companies have commercial agreements with car hire companies to provide access to their fleet of cars. There are different modes of payment. You can directly pay the cash while there are some companies which prefer payment from credit card for the security reasons.

You also have to make some advancement payment before you can actually hire the car. If you are availing the services of the chauffeur you need to check whether he has a valid licence or not. The tariff rate for car hire in Kolkata depends on several factors such as what type of car you are hiring, how long you are hiring it and how much distance has been covered by the car. The more expensive model you rent, the more you need to pay. The customer has to pay the rental fee of each day in case he hires the car for a week or so. Always hire the car from the best rental companies.

Basic knowledge and guide of Electric RC cars

Electric RC cars are the most popular today. This might be because of the fact that every RC car beginners will get started with this type of RC car, this is due to operation of an electric RC cars is easy to be understood. Electric RC car which powered by battery packs have a lot of advantages compared to nitro / gas RC cars. If you are new in the RC world , you might probably face difficulty to choose the right electric RC car which will satisfied you. The most important thing before you make a purchase, you need some information to guide you to avoid wrong choice.

First what are consideration to be made. This is important to every person who would like to be engage in Electric RC cars world.
1. What are Advantage
2. What type of RC cars
3. What size of RC cars.
4. What options to choose.
5. Convenience.

1.Advantage of electric RC cars.
– User friendly
– Easy and less maintaining
– Less tuning and set-up
– Less cost
– Noise less
– Smoke less
– Light weight

2. Type of electric RC cars
– On-road RC cars. Consist of Touring , racing and Drift cars.
– Off-road RC cars. Consist of Buggies and Monster truck.
– Indoor RC cars . Consist of mini / micro cars.

3. Size of electric RC cars.
– 1/ 10, 1/ 12, 1/ 16, 1/ 18, 1/ 24, 1/ 27, and 1/ 30.

4. Option to choose.
There are two options available in the market.
Option 1.
Electric RC car – RTR kits ( Ready to run )

This option is specially design for beginners.
RTR package are comes with ready build RC car included:
– RC car body / Chassis
– Electronic speed controller
– 17 turn motor
– Radio transmitter and servos
– 4 tires
– Painted body shell
You don’t have to worry about assembly RC car parts and painting the body shell. All that’s left for you to do is to add your battery and you are ready to lay down on the track. After experiencing good in handling and maintained of RTR RC cars, you are now ready go to a step further.

Option 2.
Electric RC car pro kit

This option are design for racer.
Feature of this kit is only RC car body ( chassis ) and you will need to assemble all of single parts of this body . Normally it’s will take about 4 to 5 hours to complete this task. To run this kit on track you have to add another parts or accessories such as:
– 4 Tires ( Completed with insert + rim )
– Motor ( Brushed / Brushless )
– ESC ( Electronic speed controller )
– Battery pack. ( 6 cells )
– Battery charger
– Body shell.
– Radio Transmitter and servos
All RC parts or accessory as listed above can be buy separately from various brand or maker around the world.

5.Convenience.
In this last consideration you have to know where:
– Play ground or track available at your area.
– Hobby shop nearby to find your spare parts
– Is this shop sell electric RC car parts which you will choose.
– Is there any technical support or advised provided by this shop.
– Is there have any others community run a same model or type which you choose.
This will help you to improve your driving skill faster then you run alone on the track.

Malaysia’s Used Car Market

In today automotive industries, most of the consumers somehow will consider to buy used car instead of new car after they have make the decision to buy a car. Today second hand car has become popular choices among Malaysian especially those who is belong to lower or middle annual income group. The used car market has become more active compared with last time and this is because not much consumers are afford to buy new car. Even we know that the new sedan with high quality of any brand roughly cost up to RM 80,000.00 to RM 100,000.00.
In Malaysia automotive industries we can see that the numbers of second hand car dealers are growing and the used cars owner are increasing as well. There are so many reasons why Malaysian wants to buy used car as part of the reason Malaysian have a perception that new car is expensive and not worth to buy due to expensive prices. Even today we can see a lot of popular second hand car such as Toyota, Honda, Perodua and Kia. The reason is most Malaysian trust more on the imported used car if compared with local used car. The best place to find second hand car definitely you can get the information from the used car website which provides the cars information, price, car dealers contacts and the picture of the car.
When the consumers had decided to buy a car, the decision making process somehow are affected by few factors that included the total of car loan, the depreciation of the car value, maintenance of the car, average income and the quality of the car that come into the buyers consideration. Even nowadays many consumers choose to buy used car compared with the new car. Now what we can see is the trend of today used car market considered as popular as new car and everyone understands that why more and more Malaysian will consider buying used car.
After we had looked into detail and identified some factors that will affected car buyers decision and the used car market, now with some useful information we will see why Malaysian will consider to buy used car instead of new car. First of all the first factor is the average income of Malaysian. Regardless of those who had high annual income which average RM 60,000.00 a year who are affordable to buy new car, but for those whose the income average from RM 36,000.00 to RM 48,000.00 considered as low to middle income group that the used car is more affordable. If much more Malaysian fall into low to middle income group due to the economy factors and fluctuation of inflation has affected to the used car market as well. From here we can see that the trend of the used car will be more popular compared with new car. I dont know that this is good news for the used car dealer but definitely is a bad news for those who prefer to buy new car.
As for the information, when want to buy a car you need to understand how much total of loan that you are going apply from the bank. It is normal that the loan interest for second hand car is higher than new car. The car loan not only depends on the average annual income but also the affordability to pay back the loan plus interest. The new car interest may roughly around 3.8% to 4% depends on banks that the best to be offered and surprisingly the interest for second hand car can be even more higher than 4% which is subject to the bank or the car dealer offer. This loan interest definitely will affected the used car market as if the interest rate keep going higher and higher, therefore less people will buy used car anymore.
Furthermore buying a second hand car helps those used car consumers skipped from the high car value depreciation because usually the high depreciation occurs in the first to second year. But if with the new car you actually pay more from the actual car price from the installment included the monthly interest. Many people will think that second hand car need high maintenance and actually its depends on how the ex car owner take care of the car. This definitely you need to do some survey first and get the car for inspection before pay the down payment.
If you want to compare the quality between the new car and used car, I can tell you that definitely the quality of new car is better than the used car. One thing that you need to understand that new car mean everything is new, the engine is new and even the parts are new too. Somehow it is not really mean the used car quality is bad but it is not as good as new car. The issue here is, used car sometime need to be maintained well in order to keep the car performance smooth and deliver good driving experience. The maintenance of the used car sometime maybe need to spend a lot of money which this is depends on the years of the car. Even in today used car market, the numbers of car owner send their car for service and inspection most of it is used car owner. When we see all the car workshops the number of used car is higher than new car.
Well, to buy new car or second hand car is very subjective decision for each individuals and its really depends on you and what is your opinion of the used car. As mentioned earlier, annual income and the car value depreciation are the factors of why Malaysian will considered buying used car even they afford to buy new car. From all the information gathered, my opinion is the second hand car is worth to be invest as can avoid from the first 2 years of car depreciation and no need to waste a lot on the interest rate.

1 6 7 8 9 10 85