Tuesday, June 28, 2011

Make Your Vehicle Look More Presentable For Buying

Make Your Vehicle Look More Presentable For Buying

You’ve made the decision to sell your used car so now you must get it ready to be placed on the market. Your goal is to:
• Make your car easy to advertise
• Make your car sell quickly
• Command a higher sale value

How do we do this? You must think like a buyer. Put yourself in the buyer’s position and think about the things that you would look for when buying a used car. You definitely want a car that has been cared for and maintained.

First you’ll want to clean your car inside and out. Remove all garbage or items laying around your car, vacuum the interior including trunk and wipe down the dash and the rest of the interior. Give the exterior of your car a thorough wash and a good wax. Making your car look more presentable will help you maximize the return on your investment.

You’ll then want to fix all obvious damage. Fix all broken items that are easy to fix such as headlights. Airbrush touch up of small scratches and chips to make the car look newer.

When you’re presenting your car, make a clean impression. Hopefully you’ll have the original keys, the owner’s manual in the glove compartment along with maintenance and service documents. This shows the potential buyer that your car was well maintained and it will sell faster.

A strong selling tool for your car is a complete report of your car. This will eliminate any questions or concerns regarding the quality of the title of your car.

Make a professional “for sale” sign for your car. Make a sign with a legible phone number, use an eye catching colour. As an added bonus you can make flyers so when potential buys come see the car after visiting several on that day, they will remember yours. A flyer can be created through a word processor and look really great.

Remember that you are not a dealer and cannot give any warranty on the car so be honest about the condition of your car and any serious problems. The last thing you want to do is create a bigger headache from the buyer down the road.

In your bill of sale, establish that the car is sold “as is” and keep a copy for yourself. This will help protect you for any further liability.

Now that you’ve sold your car, if you’re in the market to look for a new used car, please visit www.prudentvaluecars.com/inventory for top quality, pre-owned cars and trucks with low kilometres.

Wednesday, June 22, 2011

How To Finance a Car after bankruptcy

With the amount of car loan choices that we have today, we no longer have to worry whether we can get a car loan after bankruptcy. There are a number of companies that will offer people who have had financial problems in the past help. Companies now offer secured loans to people with a bad credit history.
Prudent video: Bankruptcy is a legal process

It may not always be as easy as it sounds so here are some sure fire tips that will get you a car loan after bankruptcy:

Re-establish your credit – To rebuild your credit, take out a small personal loan through a loan company that will help you rebuild your credit by reporting your payments to the credit bureau. Make sure you make all your monthly payments on time. Your credit score will eventually increase and when this happens you will get lower interest rates.

Pay Cash – If possible, prior to buying a used car, save up money. You don’t have to buy a fancy new car, it just has to be good and reliable. One way to do this is to make a car payment to yourself for the amount you’re willing to pay for a car. When you have saved enough, you will have a nice chunk of change to pay for a car in full or even a lump sum down payment. This is a great way to save the interest payments.

Review Your Credit Report – This is a great first step after bankruptcy. You need to review your credit report and make sure that all your accounts are in order and there are no errors. All the accounts that were hurt your credit and were included in your bankruptcy should all be closed.

Explain Your Situation – A car loan application may raise questions about your recent bankruptcy. You should explain what led you to this path. This is a great chance to explain yourself and to show that you have taken all actions to correct your financial situation. Also include all important credit improvements that you’ve worked on up until you are applying for the car financing.
Prudent video: Buying a car after bankruptcy

Always remember to keep strong with the dealer. Have your full set amount up front and don’t budge even if the dealer is working out smaller monthly payments to get you your higher priced car. Stick to your budget and don’t allow the dealer to be in control. A good dealer will work with you and this will get you the best buy.

For more information www.prudentvaluecars.com

Wednesday, June 15, 2011

What to do if You Think Your New Car is a Lemon

The term lemon although may sound citrusy and fruity is actually a term used when referring to a poorly built car. This is because both will leave a sour taste in your mouth. In the 1800s the term lemon was used to describe people who were unfriendly and over time the term was being used for anything that was defective or broken.

A lemon car is a car that when purchased requires many repairs of the same problem. These repairs usually include problems with the transmission, engine or brakes. Problems that may be life threatening if it’s not working properly.

Unlike the US which has a lemon law that gives consumers compensation when they find that they’ve purchased a defective car and the manufacturer won’t fix it. Here in Canada, there is no such law. Ontario tried to pass a lemon law back in 2002 but the efforts were unsuccessful. Each province does however have some consumer protection statues. Consumers can submit a dispute to the Canadian Motor Vehicle Arbitration Plan (CAMVAP).

This CAMVAP program is a free arbitration program for consumers. The hearings are held in the consumer’s community. The process takes approximately 2-3 months. Most times you will not need a lawyer to help you as the manufacturers don’t use lawyers. An inspection of the vehicle usually takes place. The arbitrator can either get the manufacturer to buyback the vehicle, have the manufacturer’s pay for the repairs to take place or reimburse repairs already completed including the out of pocket expenses such as towing, testing and rental related to the problem with the car. The arbitrator can also order that the manufacturer have no liability.

Many people have purchased lemons in the past and many have become extremely angry over it. If you recently bought a lemon that was made in the last 4 years, don’t suffer in silence, consider using the CAMVAP. This program may be able to help you resolve your dispute with the car’s manufacturer.

If you’re buying a used vehicle and want to prevent yourself from purchasing a lemon, review the past maintenance history prior to the purchase. Ask for the VIN number so you can conduct a search of the vehicle maintenance history.

Prudent Value Cars sells top quality, pre-owned cars and trucks with low kilometres. They offer flexible financing for all kinds of credit and zero down for qualified customers. For more, please visit our inventory at http://prudentvaluecars.com/

Wednesday, June 8, 2011

Everyday Things That Will Ruin Your Car

You may already know the proper way to take care of your car. Remembering to take your car for maintenance repairs is extremely beneficial to your car. Other than crashing our cars, there are everyday things that we may do that will damage our cars.
Here are just a few common things that we do that ruin our cars:

Parking brakes – Not many of us use our parking brakes. We should remember that parking brakes are very valuable. When we park on an incline without using our parking brakes, we’re actually putting all of the stress on the transmission. When a parking brake is used, it locks the non drive wheels as well as the drive wheels and takes the stress off the transmission adding years to the life span of your cars transmission.
Brakes – When driving down a hill, you should not keep your foot on the brakes. Riding your brakes down a hill will wear out your brake pads quickly. This can also cause problems with your tires if you’re constantly riding your brakes down the hill the entire time.

Engine – 50% of all engine wear occurs in the first few seconds after you start your car. Revving your engine when you start up the car does damage. It takes more time to warm up the engine when your car is sitting idle so you should drive your car gently for the first five minutes until your car is warmed up.
Shifting – We’re usually in a rush and most of us make this mistake but we need to try having our car come to a complete stop before we shift gears. This adds months of wear to your transmission in just seconds. Not only does it damage your transmission but can also damage your drive shafts which the thing that sends power to your wheels. After a while, it will also affect your suspension handling.

Oil – Changing your oil every 5 thousand miles or when your owner’s manual suggests is important. Doing this will increase your cars performance and may double the life span of your car.
There are many things we do every day without realization that can affect our cars performance and life span. 
Prudent Video: How to take care of your brakes

Remembering the above simple things will help. There are also many other things that will help even if it’s minimal. Things like not ignoring your cars sounds, turning off your radio, wipers and temperature controls will all make a difference.
For more valuable tips and information, please visit www.facebook.com/prudentvaluecars

Wednesday, June 1, 2011

How Financing Your Car Can Help Your Credit Score

When it comes to purchasing a car, most people don’t want to buy a car they can’t afford. They want to try and get the best interest rate and be able to calculate their monthly payments. If you've had bruised, bad credit, no credit or no previous history with car loans, an auto loan (and personal loans) will be tougher to get but they can also help you build your credit.

Consumers should do their homework on how financing is determined. Auto financing depends on a number of factors and understanding each will get you a better deal. The rates are affected by the applicant’s age, down payment, type of vehicle, length of the contract and their credit score. If you do not have any credit history, you may need a co-signer. This will allow you to obtain the car you want, the loan you need and help build your credit. Keep in mind that not making your monthly payments will not only destroy your credit but also the credit of your co-signer.
Borrow with your car- Vehicle title loans

The prime benefits to your credit score doesn't come from paying off the loan itself but from the payment history of the loan and the management of debt that your credit report will show. Paying off a loan does a great service to your future borrowing power. Every time you make a payment on a debt that is not over 30 days late, you will receive a positive note for that payment of your credit report. Paying off your loan is a great accomplishment and of course will not hurt your credit but the monthly payments itself boost your credit report as it accounts for 35% of your score.

Credit history counts for 15% of your overall credit score so you will be able to benefit from your loan simply because of the age of your account. The older the account gets, the more it helps build a positive past credit history.

A vehicle is a big commitment but a strong financial stepping stone. Maintaining the vehicle and making timely payments will save you money in both the short and long runs by reducing the costs and repairs and building a strong credit history.
The economic downturn has negatively impacted auto sales but a consumer can benefit from this because dealers are offering incentives and great leasing options such as no interest financing in order to get a sale. Visit Prudent Value Cars inventory at http://www.prudentvaluecars.com to find the right car for you and the financing you need!