Transportation a process to get from point A to point B. It can be a big expense or a reasonable one. On this page the information is solely about the automobile. Air travel and public transportation are different realms all together. Not to many people I know today don’t have an automobile. Outside of a mortgage payment or rent it can end up being the second largest expense you can have a month. Buying an automobile either new or used can be a very overwhelming event to say the least. The following are some pointers that will help that process and links that can be very useful also.
Section One - Purchasing an Automobile
Thinking of buying a new car? It’s never been a better time
to buy one, dealers across the country are trying to unload
inventory. But reconsider the idea if you don’t follow these criteria:
a. You have that payment amount as discretionary money every month
b. You have a stable job that has no foreseeable reduction in the next 3 to 5 years
c. You don’t mind that it’s the worst investment you can make
d. You don’t mind that when it is finally paid for it worth less
than 60 percent of its original value
(If you are going to lease the vehicle instead of an outright
purchase and you do not own a business then you are only
using a lease as an excuse for something you other wise could barely afford)
If you managed to get threw that than here are a few pointers
to get you started.
a. Before you go to the dealer check the manufacturer's website
for rebates and special offers.
b. Go on line and get specific quotes on the vehicle you are interested in from multiple dealers.
c. Go online and get on multiple quotes for the cost to insure
d. When you go to the dealer for the 1st time don’t go alone, a second opinion is gold in this situation
e. The day you go to the dealer tell yourself you are not going
to buy a car today. This will help calm that new car hysteria
that is induced once you’re there.
f. Once you have found the vehicle you wish to purchase
at a price your comfortable with tell the salesman you need a
day to think about. Go home get some sleep and when you
get up the next day and you feel you are making the right
decision and getting the best deal and value for your
money then go ahead and make the purchase.
Kelly Blue Book
Vin # Check
Thinking of buying a used car, here are a few pointers you should follow:
a. Do your home work find out what the book value of the auto is.
b. Shop around for financing, unless you going to pay cash you
will still need a loan, and beware of dealer financing on used
vehicles. You may do better at your local bank or credit union.
c. Always get the car fax report on the car and even then look
for signs that would contradict it, like it reports no accidents but
you notice over spray on a door jam or trunk lid.
d. If the mileage is extremely low for the year of the vehicle
check driver's front seat for excessive wear and around the gas
and brake pedal and carpet in that area. If there is excessive
wear chances are the mileage is inaccurate.
e. Ask if you can take the vehicle to a mechanic to check the overall condition, if they refuse or give you the runaround whether it’s a dealer or private sale walk away and don’t go back.
f. If you not all that knowledgeable about automobiles bring some one with you who is.
g. Don’t purchase an extended warranty, these are a rip off. Instead put 50 Bucks in a savings account every month for repairs.
h. Look into purchasing a certified used car. These are cars that have been through a fairly rigorous inspection process and have the manufactures extended warranty.
As is with case of buying a new or used car keep your
emotions in check. This is money where talking about here,
so remember that when your out looking, and before
and after the sale learn as much about your vehicle as you can.
Section Two - Insuring an Automobile
Insuring a vehicle can be a very costly monthly expense. To reduce that expense you should consider some of the following points to help reduce that cost.
a. Shop around for your insurance. Today there are many
number of companies to choose from. Set aside one hour and get out your policy and go to each company's website to compare rates. If you don’t have your policy or just can’t find it call you current carrier and they will drop one in the mail. If this is for new policy make sure your liability and deductibles and compressive coverage is in line with what you are comfortable with and your states minimum requirement and your financing requires.
b. To lower your costs consider a higher deductible.
c. If you are married and own more than one vehicle and own a home get an umbrella policy for everything with the same company.
d. If you drive a limited amount of miles a year ask for a low mileage discount.
e. If you live with you girlfriend and she drives your vehicle
and you drive her's from time to time make sure you and
her are put on each other's policy as an additional driver.
f. Slow down a speeding ticket can cost you for years.
g. Don’t drink and drive, this is a biggie, once you get caught for that and you get your license back plan on paying big.
h . Be a good driver, stay off the phone and be attentive. Driving
is a privilege and not a right. Don’t forget that.
Section Three - Maintaining an Automobile
You now have that vehicle and your ready to take to the road but now it's also time to take care and proper maintenance of the vehicle so that it lasts. That's what saving money is about so you will get the most value out of your purchase. Here are some pointers you should follow.
a. Get out your vehicles owner manual and actually read it.
This is your way to get familiar with the vehicle and its systems.
If you purchased a use vehicle and it did not come with one
go online and find one even if it means paying 10 bucks on
eBay it's worth it.
b. Join triple AAA if you purchased a used vehicle.
c. Follow the vehicle maintenance schedule to the letter.
d. In the case of a new vehicle see if you can bring your vehicle to some one other than the dealer for your scheduled maintenance. It can be substantially cheaper if you shop around
but beware make sure it does not void your vehicle warrant by
e. If you vehicle is used and needs a muffler replaced make sure you get a lifetime warranty on it. These things are made so cheaply that if you own your used car for 5 or 6 years you may go threw at least 2 or more.
f. If your car is used and it requires part replacement, always ask for the old part back to verify it was actually replaced. In the case of a muffler don’t bother you just have to hear it to know that one.
g. If your car is used and requires part replacement which is
not critical say like a power window motor that can wait a day.
Ask how much the part cost it self is to replace and the call
around at your local auto parts store and see how much they charge. Most mechanics charge you labor to replace the part
plus markup up the cost of that part. Knowing ahead of time
can give you some negotiating room.
h. Keep your car clean. This is the best way to avoid rust and
decay of your vehicle.
i. Save all your maintenance and repair receipts this will
document the care you have put in to the upkeep of your vehicle when you go to sell it.
j . Most important enjoy, driving is probably one of the finest privileges you can have and remember never abuse that privilege.
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