Family Issues

You’ve wrote Exhibit of Pimp my Ride countless of times but he’s still not answering your prayers to help you out remodel your car. Worse part is 3 months from now; you’ll be going to college. So you really don’t know if Exhibit cares about you or you should just sell your old one.

Finally giving up that Exhibit will still come and visit you. You’ve just decided to sell your car for how much value you think it still can be sold. Despite its horrendous stature, you are so determined to sell your old car and update it even a little bit up. So here are some tips that can help you sell your used car at a better value and faster.

•    Try to have a budget for at least seventy five to one hundred dollars when selling your car. By having this budget you’ll be able to post your car advertisement on a website and is more cost efficient than posting it in a newspaper. The web can offer you more potential clients.
•    Try posting it on cars.com or carsdirect.com. Here are each one’s pros and cons for you to decide which site you want to post it in.
o    Cars.com reaches at least sixty seven percent of used car shoppers and is affiliated with 175 other websites that includes Kelley Blue Book and MSN autos. While Carsdirect.com helps to sell your car faster because it shows the car to millions of car buyers every month.
•    Sell the car to your own buyer and not the dealer as you will be able to get more value.  Don’t also be fooled by people who claim to be buyers or agents from Nigeria. This fools lots of people.
•    Give them a copy of CARFAX Vehicle History report to be able to make the buyer more at ease.
•    Fix every leaks and problems you have on that car before advertising it. It will help you out when the buyer comes with a mechanic. So that you won’t be losing face when you’re claims on the ad that it’s in perfectly good condition goes wrong.
•    Don’t be disappointed if the actual amount you wanted is not what you really got, but it is still better than selling it in a dealer.
•    Make sure your cars tires are properly inflated.
•    When negotiating for the selling price, firmly believe in your asking price. Have some print-outs that detail the specifics of your car. If he asks about the scratches and some other stuff, tell him its only normal wear and tear for that car’s age.
•    When advertising don’t say your best offer as it will only say that you are desperate in selling it.

Hopefully when you get your new ride, you’ll learn to maintain it and be able to upgrade it for a better one in the future too. When you get a new ride, give me a call and let’s get some hydraulics to make it even look cooler.

Tags: Car Payment, Budget, Car Loan, Money Lending, Car Mortgage

There was this one episode on a lousy sitcom that was about getting a new car. When the buyer went to the car dealership, he clearly stated that his offer for the car was this much. It turns out he spoke to early, as the offer of the dealership was cheaper than his offer. Naturally he got a bad deal on his car and the dealer didn’t have to pull of one lying scam.

If you are this kind of guy, which really don’t have a clue about dealing with or getting car loans. Here are some scams that you should clearly avoid.

Don’t be fooled into believing ads that say they’ll pay your loan or lease no matter how you still owe. This is one neat scam that these dealers perform. They’ll try to convince you to sell your car at a lower price and sell you a new car at higher market value. Don’t fall for this because all lease and contracts are binding and you cannot immediately get away from it even though the car has been sold. They will get you out of your current lease but when you get the new car, the lease will just be added on.

Here’s how it works. If you still owe ten thousand dollars on your previous car, the dealer will say he will pay it off. But then since all contracts such as lease or payables are binding. You will now owe the dealer who presented himself that he paid of your current lease. He will then pass this cost on to you when acquiring the financing of your new car which only cost fifteen thousand really. It will now become twenty five thousand dollars. The amount you pay will seem smaller monthly because the dealer will divide it unto sixty or seventy two monthly payments.

It’s really a clever and amazing tricks that if you’re a reader, you’ll be amazed, but to the victims this magic trick made their money vanish.

Another one of the tricks that these dealers pull out of their box is the forced credit application scam. You’re with the dealer with your bank draft from a major car financing company or you do not want to fiancé your car. However these dealers are persistent in showing you their last effort magic trick. Don’t be fooled into believing this magic trick of theirs.

It will usually go in this way so that they’ll be able convince you to still sign for a credit application. It’s their company’s policy, state law requires it and or everyone who buys in this dealership must get one. Nobody knows why some dealers try to do this stuff. Based on research, the only effect is that your credit report rating will go down 5 points every time other than you will check it.

If they really try to fool you with their magic trick, get up and leave. Serious buyers will not entertain dealers who seem to have ulterior motives. Tell him that the only magic trick you are interested is getting the car as cheapest as can be. It will be their loss once you leave and it will be thanks to their stupidity not yours.

Tags: Budget, Money Lending, Mortgage, Car Mortgage, Borrow Money

When it comes to business, some businessmen forget the importance of practicing ethics. Instead all they focus upon is giving the customer worst deals and get themselves more money. We can not blame though as maybe they have reasons for doing so. But no matter the case, it is no excuse to cheat the customer out of something. Here some scams that the dealer may try to pull a fast one on you. Try learning more about them by reading it here and avoiding the situation.

One of the oldest scams performed by car dealers is the forced warranty scam. When you get the financing from the dealership they may tell you that you need to pay an additional fee for warranty or the bank won’t give you the loan. Some won’t even tell you about the warranty and juts make it look like it’s a fee that will help lower your APR.

To avoid this scam, try to avoid financing at the dealer and instead finance online. They won’t force you to have a warranty when you finance it anywhere else aside from the car dealership itself. Another way to avoid this scam is by telling the dealer to put the “warranty is needed for my loan to be approved” in writing. This is important so that you’ll tell him that you’ll show this to your State Attorney for its validity. They will immediately back of once threatened in such a way.

Another scam to avoid is the dealer preparation scam or just plain excessive charge. This is not really a scam or is it illegal that’s why most dealers even state this on their paperwork. They claim that this fee is only a way to cover up fore their losses when discounting the car of MSRP. Even though, what they charge is till too excessive. The dealer preparation fee should already be covered by the factory for this pre delivery service.

To avoid this situation when the dealer preparation fee has already been put in your buyer’s card, have it balanced out by heaving them put a negative credit on your card. If they won’t remove it, simply go to another dealer. It’s simply a matter of who has the stronger will. If they really won’t budge, it’s their loss. Go to the next dealer on your list and tell him or her that they might get the deal if there is no dealer’s preparation fee.

Always remember to shop wisely when choosing for a car. It will always be their loss if they don’t figure out your point of view. Instead of getting even a little bit of commission or sales, they’ll eventually end up empty because of their greediness.

Tags: Buying a Car, Car Mortgage, Borrow Money, Budget, Mortgage

Greenhorns are always the kind of people that you would like to advantage of. I know, because I have been one of them for many situations. Greenhorns tend to act so proud of themselves that they don’t ask for advice from others and simply believe on their own beliefs.

This can be the case for some people as well without much know-how about buying a car or getting the best deal. Because he is too proud of listening to others he gets scammed out of a whole lot of dollars. He may no longer be a greenhorn, but it did cost him a whole lot of money to get out of the situation. To prevent being a scammed greenhorn, try avoiding these situations and remember that you are the master not the dealer. The customer will always be right.

You say that you’re smart enough that you are able to get a financing loan not from the car dealership but from renowned once such as E-loan, Lending Tree or Capital One Auto Financing. But what if the dealer says that they don’t accept checks from these financers as they always bounce? What’s next for you?

Some dealers will definitely lie and say that they don’t accept your bank drafts anymore because their checks always bounce. However they will tell you that you can get your financing form them at a higher APR.  If your checks really do bounce you’ll obviously hear from it. Deale financing is not that bad really, however you just want to find the best one that can give you the best APR. Chances are the local banks used by these dealers can seldom beat the rates that online financers give.

When being forced by your dealer, ask them what they use for financing. If they tell you, reverse the situation. It will be you telling them that you refuse to do a loan there because the bank bounces check and you are onto their scam. If this happens report it to your Attorney’s general office and report this APR scam.

When buying used cars, another scam that is often pulled is selling you a wrecked car. However, some dealers are not really unaware of the damage, but it is the contract that s bothersome. The car will have a sticker that is federally required buyer’s guide sticker that says “as is, no warranty.” This sticker means that you are willing to accept all responsibilities of this car no matter the risk of damage.

To avoid getting stuck with a more heap of junk than your previous junk, don’t buy a used car that says “As is”. Always try to get one with a 30 day warranty. Another crucial factor that may help you out before deciding to buy the used car is to get a CARFAX and have a mechanic inspect the car.

If you follow these tips wisely, you’ll look really smart and won’t seem like a greenhorn that will be easily pushed over.

Tags: Car Mortgage, Buying a Car, Mortgage, Car Loan, Borrow Money

Some people don’t care in helping out and would only care as to get more money from them. When in a bad financial situation and suddenly your car goes bonkers on you. You will eventually end up trying to rush the deal to get a new car. The result will be further disastrous. First you won’t be able to get the best value for you are and since you are rushing, you won’t be able to prepare to get the best deals. Aside from that, if you have bad credit ratings, there are some scams that you might fall into. This is called the “yo-yo” scam.

One scam that is usually pulled by greedy dealers is the “yo-yo” scam. This scam is usually pulled on people with bad credit rating. They let the buyer trade in his used car and let him drive of the new car because he tells the buyer he’s or she’s got a good credit rating and she’ll be given a good APR. Weeks come and they come calling you back and they say that the APR that you qualified for was not right and the APR you’ll have will now be higher than the budget you planned for.

So don’t fall for those contracts with the dealer that says subject to financing or subject to loan approval. This only means that the deal is not final even though you signed for the contract. Before they give you the APR deal, they already know your credit rating, so they will make you believe that you have a good credit rating and have a good APR, but then weeks later they’ll tell you your credit ratings bad and the APR becomes higher.

This scam is simple to avoid. Avoid getting financing deals with the dealer if you have a bad credit rating, instead try to arrange your own financing and see what the two of you can work out. The deal will be conducted on how it’s supposed to be based on the selling price and not the monthly payments. It will also help you out in avoiding monthly payment scams.

If you do decide however to take the financing of the dealer, don’t let them tempt you into driving off with the car. Also leave some deposit on your credit card.

Hope that people who have bad credit and are interested in buying a car, don’t fall in the temptations of the tricky car dealers. It like they say enjoy the car now and pay  big later.

Tags: Mortgage, Car Payment, Budget, Credit, Borrow Money