Which Is Better A New Car Or A Used Car

By Victor Epand

What one is better for your situation? You may not know because cars are so expensive and those that are higher priced may be too much for you.

New Cars

There are many different cars that you can pick from. Most new cars will have some great advantages in regards to finding your auto parts. You may also notice that the new cars are easier on gas than the other used cars that you may find. Another good thing about a new car is that you will get all the newest auto parts and accessories for it and can find them very easily. New cars also give you the look of having some money and knowing how to use it. You will find that you are looked at differently than if you go with a car that is used and may have dents in it or make a loud noise when you are driving it. On the other hand, you will have to pay a lot of money for a new car and financing is not always available to everyone.

Used Cars

When you are looking into used cars, you may not know what you should be looking for. These cars can be hard to find auto parts for if you get a car that is really very old. Sometimes you can get a good used car that looks and runs like it was a new one. These are really very rare and you may have to deal with problems that you didn't see before you got it. Used cars are also not the best on gas sometimes. This is because they are not using the newest technology as well as not having the better engines. You can get a used car for a nice chunk of money instead of going into a whole bunch of debt and you can get these cars if you are someone that doesn't care about what you look like when you are in the car.

Whatever you decide to do, you should get the right car and the auto parts that go with it, for you. This may not be an obvious thing to see, but you can do it if you try. Many people will just jump in the car and not think about any of the issues that may go with it. Don't make that choice and get the one that is good for you.

Victor Epand is an expert consultant about motorcycle gear, used motorcycle parts, and used car parts. When shopping for motorcycle gear or used parts, we recommend only the best stores for motorcycle gear, used motorcycle parts, and used auto parts.

What to Look For In a Used Car Loan

By Michael Russell

Many young people could not afford their first car if it weren't for the availability of used car financing. They just don't have the cash to buy the car outright. Fortunately, obtaining such financing at very reasonable interest rates is not difficult. You just need to do your research and follow these simple steps.

As you're paging through the used car ads you're bound to come across what looks like absolutely fantastic car loan availability from the car dealers themselves. You'll see zero percent offers, low payment offers that seem too good to be true. Of course, they are! These ads are meant to mislead you, make you come in and apply, and end up getting a loan at 10 to 18 percent over the standard rates! Yes, interest-free offers are available, but only if you have perfect credit. Most used car buyers do not fall into this category. In general, used car loan interest rates exceed those of new cars by several percentage points on average.

One way to mitigate this cost is to get your loan through a dedicated finance company rather than through the car dealership or your normal bank. These institutions generally have more liberal lending policies. Any lender, however, will require proof of the value of the car, and a 20 percent down payment. This is normal and should not be regarded as a suspicious request. Both these regulations are designed to give the lender a safety margin, should the loan go into default. If that happens, the lender's only recourse is in the collateral, which is the car. Therefore, they naturally have a vested interest in knowing that you did not pay too much for the car, and that at least 20 percent of its value holds even if the default happens immediately. This is actually an advantage to you, as well. There is someone looking over your shoulder at the transaction, making sure it is a respectable deal and price for the vehicle in its current state and condition.

Before you apply for your financing, run a credit check on yourself. This will help you determine what you should be able to afford and should be offered. Sometimes you may realize before you really get started that a used car loan isn't affordable for you. This could be because of a low credit score, inability to meet the down payment requirements, or insurance concerns. Knowing this going in is important, because online institutions will tempt you with one-day offers. Don't fall for it! Despite their dire warnings of offer expiration, these lenders will be there tomorrow with another fantastic offer for you! Wait until you are comfortable with the amount and the terms. It is not worth the devastation a loan default can play on your credit history to take it now when you're unsure you can repay it as required.

Another caution with car loans and any other financial transactions - keep all your paperwork in good order. If you've obtained the loan online, print out a copy of everything and store it in a safe place. Never sign anything you don't understand completely. Ask questions until you understand. Talk to a third-party professional to get a different point of view. It's your responsibility to protect your own interests. Don't expect the lender to do it for you. This is the kind of thinking that led to the current mortgage crisis in the United States.

One final piece of advice: As soon as you get your used car loan, look into refinancing it, especially if you weren't able to get a zero to three percent interest rate. Refinancing sites will usually have calculators on them so you can calculate your total savings. If you can get a percentage point under your current contract, it's worth it.

Michael RussellYour Independent guide to Interest Rates

Lemon Laws - Protecting Consumer Rights

By Garry L. Neale

Lemon Laws were established in 1978 as a way to ensure consumers have a voice if their car is not repaired properly or if the vehicle they have purchased is in constant need of repairs. Lemon laws protect the rights of the individual to drive a car that is safe and in good working condition.

Before any lemon law existed, consumers were left in the dark if their vehicle didn't work properly or was always breaking down. Basically, you were at the mercy of the manufacturer or auto repair shop and had no real power to fight back. Oftentimes car owners were forced to continually pay for expensive repairs out of their own pocket - not something everyone could easily afford to do. Lemon laws, however, have changed all that.

In addition, constant repairs also meant missing work, or being forced to find other means of transportation while the car was in the shop. But lemon laws do more than just help the consumer. Lemon laws also make life easier for the manufacturer because it allows companies to learn from their mistakes, improve customer service, and have knowledge of any problems customers may be having with their cars. The lemon law can actually make the manufacturer aware of problems beforehand, in order to avoid a lawsuit.

The lemon law allows the consumer to contact the manufacturer if something is wrong with the vehicle so that the situation is remedied before things spiral out of control. The lemon law then allows the company to find out what the problem is and gives them a chance to make corrections. Once the consumer has allowed for such a resolution to occur, if the problem still isn't solved, the lemon law makes it possible to seek legal recourse.

But an automobile lemon law is not necessarily straightforward. You can claim a vehicle only if it fits under certain requirements of the automobile lemon law. For instance, a basic requirement is that the dealer and manufacturer have been given a certain amount of time to make amends. However, to ensure everything is properly documented for the automobile lemon law, make sure you keep copies of all repairs and work orders. With an automobile lemon law, it's always best to keep records. This is the only way to ensure you have the automobile lemon law working for you.

What about used cars? Is there a used car lemon law? The short answer is, "yes," there is a used car lemon law put in place to protect the purchase of a used car, which can be infinitely more complicated. Of course, used cars can run into more problems than new vehicles, which is why the used car lemon law covers different issues. Purchasing from a used car dealer is not necessarily easy for the consumer, which is why the used car lemon law is so important. The used car lemon law protects you when you need it most.

It's important to note that lemon laws can change from state to state. Laws in Texas, California, New York, and Florida may differ. Before you make any claims, do some research on the lemon laws in your state. The requirements for a claim in Texas may vary widely from those in California, New York, or Florida. The best thing you can do is become an informed consumer, and you will be protected.

To learn more about how Lemon Laws protect your rights, check out the Free Consumer Review Web Site.

Buying Used Cars Online - Tips and Tactics

By Hamm K Morgan

The advent of the World Wide Web, or more popularly known as the Internet, has opened up opportunities unheard of before for both buyers and sellers. Never has the word global market meant exactly what it was supposed to be as the Internet literally cracked opened the world boundaries of every state on earth and in the process making everyone a potential buyer and seller.

Starting with the ubiquitous text messaging, the Internet is now growing by leaps and bounds were data uploading and downloading is almost a second nature. Buyers using this platform to sell their items are limited only in the most physical sense of marketing the product and even the stated restriction might not apply, with techno-geeks coming out with torrents of application which even enables very accurate 3-dimension rendering possible.

One sector which has yet to embrace wholly the Internet is the auto industry. At least not in a big way, although car makers all around the world are starting to tap into the huge potentials provided by the virtual reality as a marketing tool. Selling a car is a slightly trickier proposition as opposed to, say, selling books and magazine on line to faceless customers armed with only an internet connection and a credit card account.

There are of course portals which pioneers the way forward, hoping to tap into the global auto enthusiasts market as Amazon.com did for literature fan and lovers did. Among others is eBay Motors from the well-know barter trade online expert who started a site enabling users all over the world to post their items to trade - either for cash or other items.

Trying to achieve the same level of success in marketing of automobiles, however, has not been able tom achieved the same level of success with several constraints, the biggest of which the car buyers need to be up close and personal to the car of their choice. This is true even for the latest model. An online portal may just introduce the new model to the public, but there is simply no other substitute for them but to flock the showroom to see the actual car.

The one sector of the automobile which has found its niche in the new marketing tool, however, is the second hand market. Used cars sale techniques are normally the same all over the world, that is, potential buyers would have to search around for a particular model selling at a particular price which is agreeable to them. This is where the Internet's vast reach has been able to make a breakthrough.

Used car sellers now have the luxury of posting their used autos online instead of waiting for a potential customer to show up at their sites. The American affinity towards certain legendary models such as the Mustang or the Ford GT40, to name just two of the many superb models that had been produced by the number of car makes in the States, means that there is a market worth tapping.

Car enthusiasts looking for a specific model could simply tap into the vast online network to find the exact dream car, right down to the year of make, the engine displacement, how many miles it had gone through and, with some luck, complete with a picture of how it looks like. Ebay motors, for example, incorporate all these specifics in its portal, enabling potential customers to choose from a list of sellers all throughout the United States.

Of course, there is no telling if the auto on sale is actually what is represented on the computer screen, but once customers find what they are looking for, it is the a matter of proceeding to the showroom to view the actual car. Nothing beats the excitement of seeing a car in the flesh; being able to run our fingers through its flank, trying out its seats and imagining how it would drive even prior to turning the keys where a drive test is given, this would be the point of sale, which came courtesy of the internet.

The list of models available in the market could be quite extensive, from American car makers Buick, Chevrolet, Chrysler, Dodge, Ford, GMC and Mercury to Japanese makes Honda, Isuzu, Mazda, Mitsubishi, Nissan, Toyota, or European makes, Volkswagen, BMW, Audi and Mercedes Benz, all of which has been around for quite some time, and offering a vast range of automobiles from vintage to the latest, fuel sipping hybrids.

Hamm Morgan is a leading expert on the subject of used cars sales on the Internet. Get more information regarding used cars for sale.