Online Auto Auction – Buy Cars at Low Prices and Avoid Scams

More and more people are buying their cars through online auto auction daily. The fact is that people are saving thousands of dollars simply by shopping through car auctions. Used car dealers use this method to find great deals on cars for low prices which they can, in turn, inflate the price on and sell at their local dealerships. One important thing to remember is that all sales are final when it comes down to online auto auction and you will have to be sure you know what you are bidding on before placing your online auto auction bid.

There are free online auction sites and sites where you purchase a membership for a small one-time fee that enable you to obtain information on these auctions. These sites offer instant access to large databases of online and conventional auctions across the United States as well as other developed nations. One example of free online auction site is eBay online car auction. This site is a well known name in the online auction business and they have an excellent car auction section. However, you need to know what you are buying as many of the vehicles are offered from individuals rather than businesses.

Knowing where to find online auto auction is only the start. The key thing that will help individuals benefit from the auctions is to know what to look out for. Here is a buying tip that will save you money and time. When bidding for a car you should always know your limit and that you’re not getting ripped off. If you see a car you like get the model and make. Do a search on private car sales and see if this car is cheaper to buy from the auction site or not. If it is then you’ll know how much you should be paying on the online auto auction site.

Another major aspect is the condition of the vehicle put up for sale in these auctions. Though majority of them are in good working condition, there may be one or two with hidden problems that lay people may or may not be able to identify. It is always wise to inspect the vehicle before bidding for it. One way is to learn how you can do simple vehicle inspection yourselves and the other is to bring along a mechanic when you are inspecting the vehicle. Lastly, get a CARFAX report to have an overview of the history of the vehicl

Auto Brokering – Solution to Car Buying Pain Or Just Another Middleman?

“Car salesman” is synonymous in the minds of many car buyers with “I’m going to deplete my bank account.” For good reason: car salesmen often seem to be highly trained in the art of separating buyers from their money. But in recent years, a process known as auto brokering has taken hold, at least in some parts of the retail car buying industry. It has not yet become wide-spread, but with the economic crisis that began in early 2008, more consumers sat up and began to take notice of vehicle brokering.

What is Auto Brokering?

At its most basic level, auto brokering is the practice of acting as a “go-between” for a retail consumer car buyer. The auto broker is given a type of vehicle that the buyer wishes to purchase–or simply a set of guidelines–and the broker goes out and finds the vehicle.

The auto broker is not limited to the franchise car dealerships, which tend to be more expensive, but searches other avenues such as:

  • Repossessions
  • Rental Returns
  • Lease Trade-Ins
  • Auctions

More prominent examples of auto brokers are CarsDirect, MyNextMotor, CarSmith Motors, and others. It should be noted that most auto brokers are local, rather than national, which means that any web search for an auto broker should be preceded by the name of the city where the buyer is located (i.e., [city] auto broker).

Where Do the Vehicles Originate?

Repossessions come from financial institutions such as banks and credit unions. These institutions hold liens on the vehicles. When the owner of the vehicle who has financed the loan defaults, the financial institutions repossesses the vehicle. At that point, the institution usually wants to get rid of the vehicle as soon as possible.

Rental returns come from rental companies such as Avis, Budget Rent-a-Car, Hertz, or local rental companies. When a vehicle is considered no longer a good property to rent out, the company sells it off.

Lease trade-ins are vehicles which are nearing or have completed the end of their lease contracts.

Any type of vehicle may be found at auction, including repossessions, returns, or lease trade-ins.

Pros and Cons of Auto Brokers

Auto brokers tend to work one-on-one with car buyers, seeking specific automobiles for their clients. In exchange, the buyer must pay the auto broker a flat fee. Often, this fee is paid up-front.

Pros of Auto Brokering

  • Individual service.
  • Flat fee more transparent than hidden charges often found at franchise dealerships.
  • Searches avenues (auctions, etc.) that ordinary car-buyers don’t know about or have access to.

Cons of Auto Brokering

  • Auto brokering not legally regulated in most states.
  • Up-front fee may or may not be returnable if car buyer not happy with the vehicle the broker has obtained.
  • Buyers usually unable to test drive vehicles before purchase.

What You Should Know Before Going For Auto Loans

When looking to purchase a car, most people will do so with the help of an auto loan. Auto loans are also affected by your credit rating therefore it is a very important consideration. There are certain things you should know pertaining auto loans especially if you have a poor credit rating. The first thing you should expect is that the dealer will press you for a down payment if your credit score is low. However, this is not a requirement for getting an auto loan with bad credit. Many people usually have the misconception that financial institutions cannot grant an auto loan in case the applicant has a bad credit rating. This leads them to the showrooms, which means they have to pay extra in terms of money and time. the best advice is to try out your personal financier before you hit the showrooms. If the loan is not granted then you can go for the showroom option.

Advantage of an independent financier
When you get financing for your auto loan from an independent source you will avoid letting the dealer avail vehicles on a specific budget. This is because you will have your own budget and therefore have access to different cars within that budget. Its human nature for a person to be free to make his or her choices and therefore choosing your car should not be dictated to you.

In most cases the independent financiers offer much better deals than the ones offered at the showroom. If you have poor credit ratings most of the local dealers will take advantage of your situation and offer you less than perfect deals. Some rogue dealers will offer you financing only at very high interest rates citing various reasons such as banks demanding extended warranties and such. This is not the case with the financial institutions as their core business is giving out loans.

When going for an loan, you should consider the type of vehicle that you are buying. The first thing you should understand about purchasing a car is that it is a depreciating investment. This means that it is much better if you can be able to tidy up your finances first before you go for the auto loan. if the car is an absolute necessity, then you can go ahead and purchase it. However, it is also good to consider the model you are going for. Some of the models might be too expensive and will only serve to ruin your finances.

Why is it possible to acquire a bad credit auto loan nowadays?
Unlike some time back many companies have come up that specialize in the provision of bad credit loans only. The use of the internet in the provision of these loans also means that you are no longer restricted to your region or city in terms of acquiring an auto loan. This means that the person with a bad credit rating now has more choice when it comes to acquiring an auto loan. The only thing that is required is to carry out the necessary research in order to find the loan that will be a perfect fit.

Online Auto Loan Programs Help You To Buy a New Car

Are you in your pursuit to buy your first dream car? Are you confused with the funding resources and do not have a way to buy your dream car? Leave your worries. Here is a new way to support your dream. Auto loans help you to fulfill the dream of driving a luxurious car. You can have the luxury of owning a new car with the help of easily available auto loans. People have multiple financial lenders, credit unions, banks, private party lenders to get the auto loans. There is a tough competition in the loan industry which makes the people to get cheaper interest rates.

Auto loans program help you to buy the car instead of getting it later. This also helps you to improve your credit score in the long run. How to get an auto loan? I have explained some steps to be taken while you are applying for a new loan.

Examining your options will help in knowing your financial state. Do not restrict yourself with the dealership loans offered by the manufacturers. You need to have a better idea on your credit score before attempting to get the loan. You might have to do some negotiations in case the credit score is poor. There are plenty of lenders available from whom the loans can be obtained even in the worst condition.

Do not be deceived at any stage. Auto loans are available for every individual irrespective of the credit score. If you have a great credit score, be encouraged. You have good chances of getting the loan amount required. However, even those with perfect credit scores should be warned off certain things. There might be many clauses included which would bring heftier price tags at the end. Do not be deceived by fancy interest rates and offers.

The important criteria to be checked are the interest rates. There are basically 2 types of rates: Fixed interest rate and floating interest rates. The former kind does not fluctuate with the market forces and will remain fixed for the entire loan tenure. However, it might seem to be higher during the initial stages. This will be beneficial in the long run. The floating interest rates will have a variable interest charge and is dependent on fluctuating market forces. As long as the economy does well, this rate of interest will go up and it will hit when you are unprepared for the hike.

Do not choose auto loans that will drag on far beyond the stipulated time where the car might lose its brand value. Look for a loan whose payment can be easily handled and that will not last long. It is good to repay the loan with ease and speed. Making higher payments than the required one will ease out your financial burden. If you find that you cannot repay your loan promptly, do not take any chances and go for loan refinancing options. Altogether, there are several opportunities for the borrowers to get auto loans to fulfill their dream. can get you more generous lending policies than ordinary banks and car dealer through which you can compare your car loan rate and can get comparatively better rates even with flexible terms such as no money down and no prepayment penalty. Applying for online auto loans eliminates the applications or processing fees that are normally associated with getting a car loan through a bank or automobile dealer.

How to Select a Quality Auto Transport Service

In the present times, auto transport service has become very important all over the world. Over the years the need for car shippers has increased and due to this various transport companies have emerged out. As a result, a lot of competition in the industry had arisen and choosing the right auto transport service for your needs has become difficult while shipping a car. If you are not having adequate understanding of transportation then choosing the right car mover would become difficult. There are various companies which are engaged in the service of auto transportation.

There are some specific things which you should keep in mind before going ahead to select a good transportation service. Some of them have been mentioned below:

(1) The first and foremost thing which you should understand is that whether the transportation service has an insurance and license or not. Insurance is really an excellent thing which will protect you if something goes wrong. So, you should be sure about the insurance scheme. The other thing is that you should know whether your auto transporters are licensed or not because if they are licensed then this will mean that everything is legal.

2) The second thing which you should enquire is about the cost and type of payment required for the transportation service chosen. You should be aware about the shipping cost of the auto transport service. Once you have decided to use their service, the auto shippers will require a deposit from you.

3) The third thing which you must be certain about is that where your company will pick your vehicle and where will it drop. As there are some vehicle transport service companies which want that you should drive the car to their terminal at the point of origin. After that, it is needed at the destination point that you pick up the car at the terminal again.

Transportation as always has been a part of our daily routine. A good auto transport company provides not just the transportation but also takes care of your vehicles being transported. The vehicle transporters should have the sense of responsibility which is very essential. These companies are trying their best to give excellent facilities to their customers by all means.

There are many websites that give you complete details on the transportation services. You should clear all your queries regarding the facilities provided and auto transport rates. You should properly understand the terms and conditions provided by the company before you select them. So, you should choose only that company which offers you reasonable transportation rates and excellent features

Why Should You Use an Open Auto Car Transport?

The biggest problem you may face while shifting from one place to other is to shift your car. If you do it yourself, it is quite hectic and pretty expensive. It involves a lot of time and money to transport your car from one place to another all by yourself. But, if you save your packet and transport your car, then going for dependable auto shippers is the best option.

When you go for a car shipping company, you actually save a lot of cost. It is an intelligent idea to pay less to a shipping company rather than spending huge amount while doing it on your own. The reason behind lower charges in case of car shipping companies is the fact that they transport many cars at one time and charge each of the owners the money that includes everything. Even if they charge you, you can save a lot at the end.

When you go to shipping companies for transporting your car, they will give you the options of choosing either enclosed auto transport or open automobile transport. The main difference between the two types is the amount of cost involved. The driver in an open auto car transport decides upon the cost on the basis of the route he is driving on each vehicle. On the other hand, drivers of enclosed auto transport charge on each vehicle on the basis of miles driven. The more miles driven by an enclosed auto transport company, the less is the cost charged.

So, if you are planning to go for a transport company, then open auto transport can be a great option, as it is affordable. These open car trailers have one or two open air car levels in which cars are loaded. These open carriers can carry some 8 to 10 cars at one time. The open car transport trucks are nearly 14 feet high and 75 to 80 feet tall. These trucks are huge in size and that is why they are allowed to move on selected roads without low clearance bridges or low lying trees.

There are very few disadvantages of an open auto transport. Open auto transport are exposed to the weather and if you have a car that is not protected against the rain or the sun, then it may affect the exterior of the car. Again, there are high chances of expensive items in your car being stolen in open auto transport.

Auto Insurance Online

Buying an Auto Insurance was never so easy. Now it has become so easy by purchasing Auto Insurance online.

Earlier a prospective buyer had to go through a long process to have Insurance for his or her automobile. For a first timer it was even tougher. As a novice an auto driver had to search for the specific requirements by law for car insurance of that particular state. The person had to grapple to find out only to know where from he or she may know that or who can guide. If the person would manage to know that then the second part of the process would begin. And if the person could not manage to get know the requirements he or she had to depend on an automobile insurance agent of a specific company with no choice left to compare or decide with a good chance of buying an automobile insurance policy with high premium but not so beneficial for himself or herself. In the second part of the buying process of Auto Insurance the auto driver needed to check out the quotes and rates and discounts offered on insurances by various companies on his or her type of auto. For this one had to go to the offices of different insurance companies or meet insurance agents of different companies wasting a lot time. Then the auto driver had to decide which insurance suits him or her most. Then only he or she could go for that Insurance.

But, nowadays the people buy Auto Insurance online. Buying Insurance online is very convenient process compared to the earlier one. An auto driver is not required to go anywhere outside of his or her house to buy car insurance. He or she can do every part of the process of buying Auto Insurance online. Taking right from knowing the auto insurance law of his or her state to the basic requirements to checking quotes and discounts given by the insurance companies to lastly purchasing Car Insurance for his or her auto can be done online and that too from home or office or any convenient place of his or her choice. Also the timing cannot be a problem for the buyer, since the sites are open 24 hours a day.

And the best part of Auto Insurance online is the insurance companies provide their buyers with online customer care help twenty four hours a day and seven days a week.

Affordable Auto Insurance – Factors Affecting the Rates You Pay

We have heard that the best way to get lower rates in your auto insurance is to do a comparison of quotes. This is absolutely true. If however you are not ready to change your existing insurer now but just want to find a way of lowering your rates, there are a few ways to do this.

Every time you find a way of lowering the mileage on your car, you have also reduced the rates you would pay. Why? A reduced mileage simply means the car is not moving around so much which in turn means that the risk of an accident or damage is reduced. Your insurer would love this and should give you a discount for this. You can try taking the public transportation as often as you can or joining a car pool. You don’t necessarily have to stop going out.

You don’t have to take up collision and comprehensive coverages if your car is old and you are ready, able and willing to repair whatever damages that occur yourself.

You have to be sure you really need the extras you have on your auto insurance coverage. Do you really need roadside assistance,towing and car rental coverages? These extras might seem quite cheap and inexpensive but if you were to drop them, you would find you have saved yourself some funds. Remember little drops make an Ocean.

Depending on the state you reside in and have your insurance coverage in, your credit score might be a factor your insurers consider. you need to try to maintain a good credit score as this would go a long way in helping you enjoy lower rates.

You can also save yourself the cost you would have attracted for doing monthly installement payments by using Electronic funds transfer.

Never allow your policy to be canceled or to lapse. If you allow this to happen and later want to get a new policy, you could be attracting up to 50% more on your rates.

Check to confirm if you qualify for safe driver discount. If you have not had a violation in the past 5 years, then you just might qualify for this discount. If you have formed the habit of safe driving, then you are almost sure of getting lower rates. Try to maintain this record and you would keep saving more and more.

The security features on your car can seriously affect the rates you pay. Install a car alarm, etch your VIN number on the windows and other parts of your car, make sure you have airbags,abs and park your car in a safe environment. All these and some others which you can learn of from your insurer, would certainly help you enjoy lower rates.

When you are ready to finally really enjoy the lowest rates possible on your auto insurance, you would get and compare as many free quotes as you can. Visit at least 4 quotes comparison sites and get enough quotes for your comparison. Don’t worry, its free.

Why You Need Auto Insurance For Your Vehicle

Each year, more cars and drivers converge on our Tennessee highways. With so many vehicles hitting the road, accidents will happen. Auto insurance can be the difference in a minor inconvenience or a devastating catastrophe. So, why do you need car insurance in Tennessee and how much should you buy?

Auto insurance protects you by paying for damage or injuries you cause to another driver while operating your vehicle. It can also protect your vehicle and injuries you might sustain depending on the coverage you choose. Auto insurance is required in Tennessee (more detailed info is found in this website). If you don’t carry insurance, you risk having to pay the full cost for any injuries you cause to another individual or the cost to repair or replace your car if it were damaged or stolen.

Here’s some coverages you’ll want to consider for your auto insurance:

LIABILITY… This coverage pays for bodily injuries and property damage caused by you in an auto accident. Bodily Injury covers the medical expenses, lost wages and pain and suffering for the other driver. Property damage liability covers the damage you cause to another person’s property, in most cases their vehicle. This coverage would also apply if you hit a building or other type of property. If you are sued due to an accident your liability will also cover your defense (attorney) and court costs. Tennessee has minimum amounts of coverage you’re required to purchase but most people opt to carry much higher coverage amounts to protect them from a major lawsuit.

UNINSURED/UNDER-INSURED MOTORIST… This coverage provides bodily injury and property damage protection for you if you’re hit by an uninsured or under-insured driver.

MEDICAL PAYMENTS… This coverage protects you or anyone riding in your vehicle if you are injured in an accident covering reasonable medical expenses. Most people select coverage limits from $5,000 to $100,000.

COMPREHENSIVE… This coverage covers damage to your vehicle caused by fire, theft, glass breakage, vandalism, storms, etc

COLLISION… This covers damage to your car when you collide with another object.

When you select Comprehensive and Collision coverages you will also select a deductible amount. A deductible is the amount you pay when your car is damaged.

There are several other coverages an individual can purchase in addition to the above coverages. These consist of Emergency Road Service and Towing, Rental Reimbursement, Accidental Death and Disability.

The amount you pay varies from insurance company to insurance company and will depend on several factors….

(1) The make and model of the vehicle you drive
(2) The coverage you select
(3) Your driving record
(4) Where you live and
(5) your age, sex and marital status.

Many people think of insurance as a necessary evil, but when all is said and done, it can protect you from losing everything you own if you’re found to be legally liable in an accident. Be sure and read through my website. It contains valuable information on shopping for all types of insurance. Give me a call on our toll free number or shoot me an email if we can help compare insurance rates for your situation. It always pays to get a second opinion.

Hints and Tips For Better Van Rentals

There are lots of unforeseen reasons why you would need to make a van rental. When you do find yourself realizing you have to rent a van, then there’s a little more involved than the usual experience with cars. The process with a van must be considered and taken care of. The most ‘car’ like van rental, which involves renting a passenger van, is even more involved than you may realize. If you want to do something that will just make things go better, then be prepared and do your research well. So what you’ll find here are three solid tips to make your van rental experience much more pleasant.

If you are like many people, you may try to rent the lowest priced van you can find. While you have to consider the cost, it may not be wise to make this your only consideration. Even more important than the cost is dealing with a company you can trust. A reputable company is more likely to give you a van that’s in top condition and that will serve your needs. Your plans can also be ruined if the van is not ready at the time you reserved it for. Sure, mistakes can happen with the best carriers and van rental providers, but they are less likely to occur. It all depends on the type of van you’re renting. One thing is certain, if you have limited to no experience with vans and driving them, then it’s important to take it easy at first. You will find some very useful information in the vehicle operating manual, and we encourage you to get familiar with that. We believe that there is not much that is the same between driving a van and a car. Also, do a good inspection of the van all over before you sign for it. Plus you want to see and verify that any pre-existing conditions are already recorded, as well.

If you don’t mind it, then it’s quite possible to reserve a van via websites. Keep in mind that you will be missing the chance to look over the vehicle you may be getting before you pick it up. Also, be doubly sure that you read all the important information if you do book online. Be sure to make copies, or prints, of your transactions and anything else that is related to your rental. A day or two afterwards, it won’t hurt at all to give a call just to verify that all is well. Then, a day or two prior to pick-up, call them again and make sure everything is in order and will be ready for your arrival. As many people don’t you probably weren’t aware either of all of the different options available. Plus you’ll find the various fees and costs associated with the different models can vary significantly. This is why it’s so important for you to do your research.