Car Tuning,Car Finance,Auto Loans

Posts Tagged ‘New Cars’

If you are planning to buy a car in instalment, a loan may be a better option. Sometimes it happens that you don’t have enough money to purchase your favourite car – either the car may be too expensive or you may have less savings or you may be interested in keeping your savings intact. In any case, auto loans can come to your rescue.

Before you opt for a car loan, make sure that you have the income that is commensurate to your prospective outgoings. If you take motor loans, one thing is sure – you won’t be alone.

The latest market research reveals that more than one in every four people opts for loan in order to buy a new vehicle. So, you may also decide to be amongst those who are opting for car loans.

Increasing numbers of car loan seekers are keeping the loan market abuzz. Lenders expect the market for Car Loans to grow further with more and more people junking their old cars and opting for new cars. There are various loan offers in the market that you will find irresistible. But, still it will be better to compare different car loan offers before settling for a particular deal.

Experts say that people often give relatively less time in deciding for a loan deal especially when compared to the time and efforts that they expend in deciding for a car’s brand or model. When there are too many offers available in the market, it becomes necessary to compare them and then reach at conclusion only after due thoughts. A very important thing that you need to decide is whether to avail secured or unsecured car loans. If you are willing to provide some security (your car or home or any other valuable possession), you can take secured car loans or else you can opt for unsecured car loans.

If you have less than a perfect credit rating, you may struggle to find finance for a car purchase. If you need a vehicle and you have this problem then you could consider turning to guaranteed car finance. There are specialists who may offer you finance even if you have a poor credit rating and this could make it possible for you to buy.

If you have CCJs, have defaulted on payments, have even fallen behind on such as your council tax payments in the past, then you could be turned down for credit with lenders. However, it is not just these events that can let you down when you need finance. If you have not got a credit rating or if you are self-employed, you may also find it hard to obtain credit of any kind. Again perhaps the only option available to you might be to take car finance with someone who could guarantee you a loan.

If you could get the right borrowing then you may be able to walk into the showroom with cash in hand. When financing your new vehicle purchase this way you could get something knocked off the cost of your car, if you haggle. Car finance is often needed whether you were considering buying a new or used vehicle from the dealership, and if you can get a loan yourself, the repayments may work out cheaper than if you try for hire purchase finance with the dealership. Hire purchase with a dealership may be out of the question anyway, if you have a bad credit rating.

Of course, if you want to buy a second hand vehicle, privately then you may have to look into guaranteed car finance yourself. If you go with a specialist website that offers you finance that is guaranteed and provides the ability to search for used or new cars this could be a win-win situation on your part. You might not even have to put down a large deposit in order to get finance when buying a car, which of course is a huge boost and could ease your financial worries.

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When it comes to making a car purchase, paying for it is a big part of the battle. Even mid level new cars run into the $20,000 range. Because of these prices, few people pay cash for cars anymore and statistically about 7 out of every 10 people use car finance to pay for their new vehicle. In order to get the best car finance possible, you need to understand how the whole process work.

First, you want to figure out where you are going to get your car finance. There are a number of institutions that can get you financing. Banks, credit unions, the dealership, or even auto manufacturers can provide financing for your new or used vehicle.

Second, with a car finance, you need to realize that whether you buy a new or used vehicle will affect your financing. As a general rule, interest rates will be lower on new cars than on used ones. Also, new cars can often qualify for financing over a longer period of time than can used cars.

Next, when it comes to our car finance, don’t believe everything you see or read. Commercials for special financing for those who are first time buyer or have bad credit abound in papers and on the television. These are usually a little too good to come true and come attached with requirements such as extra high down payments and extremely high interest rates. In some cases, both apply to the loan.

Before you go to get your loan, make sure you know about your own credit history. Get a copy of your credit report and go over it with a fine toothed comb. Look at the score as well as the payment histories on it. If anything at all looks incorrect, make sure you get it cleared up. When a lender looks at how much money to give you, they will check out your debt ratios, how long you have been at your job, your history with similar loans, and your credit report as a whole.

Once you are armed and ready to consider your car finance, shop around. It is usually a good idea to look for the financing before you buy the car. You will better know what you qualify for that way. Also, you can use your information to bargain further with the dealer. In order for them to finance your car, you should ask them to beat the rate you have from wherever else you have looked.

Remember that everything is negotiable. Just because the car finance rate you got is pretty good, it doesn’t mean that you have to pay what they ask. Negotiate the rate of your loan, the price of the car, or anything else you can talk to them about. It can’t hurt and you could save yourself a lot of money that way. As the process goes on, don’t get caught up in the numbers. The dealers will try to give you monthly payment numbers only so that you don’t notice any added charges. However, sit down with a calculator and just figure out the payments yourself and you will have nothing to worry about.

Always know that car financing may seem complicated, but it doesn’t have to be. Educate yourself, shop around, and make sure you know what is going on and you should have no problem. Better yet, you will find yourself with a great new or pre-owned automobile.

Matchbox cars were first created in England in 1952. While working for Lesney Products, owned by Leslie Smith and Rodney Smith (no relation), die-caster Jack Odell created the first ever Matchbox car. It was a brass Road Roller made small enough to fit into a match box, at the request of his daughter. She wanted to take something to school for show and tell but school rules mandated that all items had to fit into a match box. The first line of Matchbox cars was sold by the Lesney company in 1953 with the #1 Road Roller, #2 Dumper and #3 Cement Mixer. New cars were added to the existing line each year until the line reached 75. (The line was increased to 100 in 2008 but let’s stick to history for now.)

                In 1967 Mattel, well known for its most popular toy, Barbie, began to develop their own line of die-cast toy cars. This line, called Hot Wheels, came out with its first series in 1968 with 16 cars. When sales were ten times more than expected, they added 24 more cars for the 1969 line. Continued sales caused the line to grow to 73 cars in 1970 and then 108 in 1971. With all of this growth, the Matchbox cars by the Lesney company struggled to keep up. In 1982 the Matchbox car line was sold to Universal Toys, who later sold it in 1991 to the well know Tyco company. Over the years Matchbox and Hot Wheels were the only two significant competitors in the die-cast toy car saga and therefore even viewed as rivals. Ironically, in 1996, Mattel bought the Matchbox product line from Tyco. Hot Wheels and Matchbox were now owed by the same company but continue to live on as two lines of toy cars.

                Having grown up with dozens of toy cars as a child, and having two young sons with cars themselves now, I have done much research (playing) with both the Hot Wheels and Matchbox brands. In recent years, the Hot Wheels line has obviously become the favorite of many collectors and children, and some even consider the Matchbox cars to be of lesser quality and design. In fact, go into any store that sells the cars and compare the selection of Hot Wheels to Matchbox. In the way of individual cars, Hot Wheels displays almost always out number Matchbox ten to one easily. However, one observation that I have made in buying cars for my sons is the drastic difference in style between the two lines. The vast majority of Hot Wheels cars are not modeled after or painted like actual cars. Many of them are variations of actual cars or new creations all together. In fact, I personally have a few Hot Wheels in my collection that are shopping carts or toilets with wheels. Other cars by Hot Wheels are often painted with much graphic and text details. Matchbox on the other hand is entirely ‘normal’ cars. The majority of cars in their line are ones you are likely to see on the street. The models are one or two tone painted, rarely with added graphics or text. One of the benefits of this is that you are more likely to find police cars, fire trucks, tow trucks, utility vehicles etc, with Matchbox than with the Hot Wheels line.

                Matchbox cars were the beginning. Hot Wheels brought in high quality and enormous sales. Now, between the two lines of cars, you can find just about any custom or actual car imaginable. Die-cast cars have been a huge part in the lives and many children and are becoming huge in the realm of collectors. (One might wonder if these two groups are the same people!) I have heard some argue that die-cast cars are now primarily for collectors and are a thing of the past as children’s toys.  I can only respond by stating that my two sons have much more fun playing with their 100+ cars than they do buying and looking at them. I also must admit that I’m glad that I have two sons so that I can still play with die-cast toy cars at age thirty!

Cars. I am not really into cars because I can’t drive. I don’t have one. I can’t even ride a bike. But then, I appreciate these moving objects and boxes, it’s just that one couldn’t have everything in the world that he/she likes and we must be happy of what we have, and work harder for those that we dream about.

And I’m happy that people have what they like. They can share them, as well.

When I was younger, my father bought a small car from Ford. And it was a small wagon to bring us to school. But when my Dad died, we sold it.

And then my dead husband, years back, owned one of the first pick-up around town. It was a Datsun, where the latest Nissan name was given prominence in 1983. He drove it madly, but was a good driver as smooth as traveling across any highway. And how he learned driving was because he stole the keys from their driver (at a very young age) so he could drive. He didn’t get formal driving lessons, but he was real cool when he drove. Can I say he could even win a drag race? He knew a lot from a single screw to computers, machines, and car engines. His mind and discoveries were amazing and genius, but perhaps he’s better peaceful with God now. Of course, in life there are humps and imperfections – and that, everything gets well with God’s spanking and hugging.

Today, there are lots of new cars around town. Big and small, and a hearse, and armor trucks. Models are styled differently as to the functions and unique specifications. I guess those pick-ups originated from the Philippine’s jeep! Jeeps are strong ad serviceable. And what do you think are the cars used by the army? How safe are they?

Truly, there are lots to be told about cars and the latest discoveries about them. And of course when you would buy one, test-drive and pay attention to safety features, comfort, braking, acceleration, and ride quality, among others. Know the type of vehicle you need, and study the different models available. See what fits your budget to get one safe and comfortable car! Anyway, just deem it a tool and don’t be slave of it. Use it wisely to serve its purpose: bringing you with smiles from one place to another place, then back home and to work.

Be safe and drive carefully!