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Many boys and men want to own a Corvette. They dream about growing up and streaking around at break neck speeds in style. Men dream about car shows and slow moving traffic so everyone sees them in their Vette! They forget about the insurance. It never comes to mind. Because of the power house motors that are in these vehicles it is known high speed accidents will blow them apart. Their fiberglass construction means you are driving a plastic car. Still people are willing to mortgage their homes to have the car of their dreams and a second mortgage to afford the insurance and storage prices.
Why storage? Certainly you want to drive that car every day don’t you. Well not exactly. If you live in Florida and the rain falls your streets become slick. Whoopsi. That won’t be a good day to bring the plastic car to the streets. If you live where the snow and ice cover the roads during Winter you’ll be parking that car. You probably won’t want to do it at home with a car cover because the family won’t think when sitting things on it. You’ll want a private Taj Mahal away from the home to store your chariot. Make sure you put vermin poisoning down on the floor, the inside and the motor to protect your plastic and leather. Mice just love these as well as the cozy homes the carburetor and air breather provide.
When you do get around to taking your car downtown for an outing to the restaurant, do not parallel park. When people with normal cars bump back or ahead to dislodge their cars, they won’t think anything of thumping your bumpers. They won’t realize the blow to your bumper just cracked your fiberglass calling for a $500 to $1000 repair. Of course not thinking about the bumper tap they glide into traffic and motor merrily on their way.
Here are the words of a first time Corvette owner back in 1967. “I picked my new Corvette up on Saturday. I figured I’d contact my insurance company on Monday. I’d just park it in the driveway and gaze at it but the steering wheel was calling my name.” He backed out of the driveway, a car came over a hill, couldn’t get stopped and BOOM! “I put the pieces back in boxes to get them out of the road.”
For many folks, car buying can be a hassle because of the fear that too much research and study must be completed in order to insure that the purchase results in a good investment. No one wants to get ripped off when buying either a new or used vehicle. There are a few tips to remember when shopping around, and just a little brain work means some big savings when the signature is finally attached to the bill of sale.
When To Buy A New Car
Although TV and Internet advertisements for new vehicles are often at their peak in the spring and summer, the best investment in a new automobile occurs October through December. This is because the initial inventory is still on the dealer lot and there is a great deal of pressure for the sales personnel to move these vehicles. The best price discounts will occur at this time, and the car driven off the lot will indeed be new, as opposed to a vehicle that is purchased the following summer. The latter may have only seven miles on the odometer, but it is already recognized as a year-old model as far as the industry is concerned.
Think About Rebates And Incentives
A manufacturer’s rebate can usually be applied to the down payment, or used to discount the purchase price itself. A $20,000 car that can be purchased with $3,000 cash back means the customer can insist the rebate be deducted from the original price. This results in lower taxes paid on the car, and so long as there is an adequate down payment, the monthly payments – and accrued interest – will also be lower.
Check Out The Warranties
If the car is going to be in the original owner’s hands for some time, it is important to make sure the bumper-to-bumper warranty is for at least 36 months. Also remember to ask about transferring the powertrain warranty if the car is sold during the time it is in effect. Don’t forget to ask about the additional features such as OnStar® and satellite radio. Often these are a free trial subscription only, and must be paid for after 90 days.
Before Buying A Used Vehicle
Tale a look at the car value sites on the Internet and become familiar with how they present the facts. When shopping for a used car, find a model that seems like a good investment and make sure to check out the value of the automobile online. This means looking at its fair, good and excellent values. Also write down what the report says about its dealer price as well as a private party value, and take this information along when actually examining the car in person. Never forget to ask about existing warranties that may be transferable.
Are you paying too much for car insurance? This is because many people spend too much money on car insurance paying for the things they do not call for. This happens so often that you overpay without your knowledge. Therefore you are being advised to shop around and compare various car insurance quotes. This should be done at least twice a year as it will be of benefit to you. In case you wish to increase the pace of your process, then you should access the internet so that you can find the best ways on how you can save your money on car insurance.
Some of the mistakes causing people to over pay for their car insurance include:
- Some people do pay for the coverage they do not need; when you shop around and do a bit of comparison on the auto insurance quotes, you should be aware that although the quotes are approximately the same as the existing policy but still they can be very low. If one is not keen on the car insurance policy, you could end up paying for coverage and other additional alternatives that may not be necessary. Higher limits do not provide the best defense against any possible losses.
Therefore, a qualified financial agent should be consulted before coming to final decision.
- Car insurance overpay may be caused by drivers who carry the lowest deductibles in order to reimburse the costs that are related to the claim. The higher the deductible, the lower your premiums. This will make you lose as the cost of accident will even be more costly.
Therefore, for you to save on your policy and not the accident, you should increase your deductibles.
- Paying car insurance in monthly installments may end you overpaying your insurance. Installments are granted in large amounts and also paid back after a specified time in slow payments. However, when the premiums are split into installments, additional administrative fees are added up.
Therefore, in order not to over pay, you should avoid splitting your premiums.
- Imperfect record contributes to overpaying car insurance. You should avoid having traffic tickets and moving violation on your record as you will be considered a higher risk by all insurance companies. This is because not all insurance companies look at violations and accidents from the same perspective. This does not limit you from having moving violation on your driving record, though you selection of insures will be restricted also.
Therefore, it is advisable to analyze your auto insurance policy and do not focus on tax refund as this will be the best way to save on your money. You should also take time to compare auto insurance rates so that you can succeed in getting cheap car insurance rates. Are you paying too much for car insurance? Then, you should take time to compare car insurance by considering which policy is significantly cheaper, and also try to see which policy covers the damage caused to other people and property by policyholder’s car.
Everybody knows how to buy a car, or likes to think they do. There are as many car buying tips and tricks as there are car buyers. But in addition to whatever dear ol’ grandpa may have told you about how to handle car dealers, here are some solid commonsense tips that every car shopper should know.
- The biggest mistake people make is going to the dealership without any clear idea of what they want. The sales staff has been trained to get you to like whatever you see, so your only protection is to already know what you like before you get there.
- Once you have an idea of what you’re looking for, then find out the details in advance online. Car model reviews, prices and other information is easily available on the world wide web. Be sure to look up the dealer’s invoice price, which is valuable information for figuring out what constitutes a fair price.
- Don’t let everything get lumped together. The value of your old car for trade-in, the finance costs and the final purchase price are all separate issues and should be negotiated that way or else it will be too easy for the salesperson to confuse you.
- Try to secure your car loan ahead of time. That way you can focus on the cost issues themselves, rather than the means to pay for them, and best of all you can also challenge the dealer to beat the deal you already have!
- The best time to buy a car is just before the new models hit the showroom. Dealers at that time are anxious to get rid of the old to make room for the new. The end of the month can also be a good time, as the dealer may have a monthly sales quota to meet. The end of the day is also good, as you are dealing with a salesman who is probably anxious to get home.
The car salesman is not your friend, he is a businessperson trying to make a sale. Reminding yourself of the commercial nature of your relationship is a good way to avoid being schmoozed by the salesman into unwanted features and too high prices.
If you employ these simple tips, the chances of you getting the car you like at the price you want will be much enhanced.
Buying your next car is an important process. To save money, many people like to look into buying used cars instead of new ones. There are many benefits of buying a nice used car, but there are some precautions that should be taken to make certain you buy a reliable one. Below are some tips to use when shopping for your next used car.
Shop For Newer Used Cars
The benefit of searching for newer used cars is that many of them will still have time left on the original manufacturer’s warranty. If you purchase a car that is less than three years old, you will mostly likely have some basic warranty still covering it. This will give you some peace of mind for a while in case the engine or transmission decides to go. Before buying the car, though, make sure that the warranty is fully transferable.
Do A Background Check On The Car
When buying a new or used car, be sure that the specific make and model does not have an unusual number of customer complaints or recalls. These could be serious indications that the car could cause you many problems in the future. You can check the car’s background information by doing a search online for that specific car as well as looking through consumer reports.
Ask For Service Records
It is always important when buying a used car to ask if there are any service records for it. If there are, and they are complete, then it is a good sign that the car was properly cared for. This could also indicate whether or not there were any serious issues or unusual repairs to the car as well. If there are no records available, this could be a sign that you should probably look into buying another used car. If you decide that you still want the car, have a mechanic that you fully trust look over the car before committing to buy it.
Run The Vehicle Identification Number (VIN)
The Vehicle Identification Number is a unique number that each legal car is supposed to have. It is always located on a stamped plate at the top of the dashboard on the driver’s side of the car. Write down this number and get a CARFAX Vehicle History Report. This report could have important information that could have a serious impact on whether you will want to purchase the car or not. Even though the report will cost a small amount of money, it is well worth the cost.