Welcome to my Blog. Take a minute to think about how your classtime will impact your future. How will what you just learned or what activity you just completed, benefit your future.
Thursday, October 10, 2019
Edmunds.com
Edmunds.com: Read two articles and post what you learned that your peers should know.
Complete sentences that are punctuated properly, please.
The best car insurance companies balance their rates with the amount of coverage they offer, so their customers don't have to pay more than they have to when making a claim. Also, depreciation is the single biggest expense when owning a car. And the average American driver loses twice as much a year in the value of their car. Links:https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2017/12/12/car-ownership-cost-saving-tips-gas-maintenance-insurance/924447001/ and https://cars.usnews.com/cars-trucks/car-insurance/best-car-insurance-companies
Car insurance enables as a fall back option when your car is damaged or you caused damage to another vehicle, either way, it's not the best experience. Some of the best car insurance companies make this a easy process: balancing out their rates with the coverage they offer, communicating what their policy stance is, and offering specific discounts. USAA appears to be the best car insurance company. Sometimes buying that car you've always wanted, requires applying for a loan. Before applying for a loan, you need to determine your budget, check your credit scores, and finding the best loaner.
"8 Steps to Buying a New Car" Makes a good point of having the entire payment plan laid out before moving in to buy. Encourages knowing your financial limits as well as figuring out the pricing before making a decision. I also like that it brings up price not being the only factor, as things like warranty and interest rates are important factors as well.
"The Best Time to Buy a Car" Specifies that you can buy a car anytime you need it, and not to stress greatly over timing. Brings up the value of using car dealerships' patterns to get better deals, such as buying near the end of the month when the deadline for their monthly sales quota is coming up. I like the exploration of using a dealership's systems against them to get a more affordable purchase.
Buy a car with good fuel economy. "Even within the same vehicle category there can be a 20 to 30% difference, sometimes even more,Get a car that uses regular fuel. Some models, especially turbocharged vehicles recommend or require premium fuel, that will cost you more every time you fill up.
Can your car be hacked? ~Sierra Curry~ A recent 60 minutes that aired has done a segment on cars being hacked. This is done by the connections that your car may have, If you have Bluetooth WIFI Data Navigations Hands free devices System operations You are at risk for being hacked. They can make your brakes go out, causing accidents and even death.
How to survive 10 driving emergencies The ones you don’t see coming, Always look ahead of yourself. Check other lanes around you as you pay attention to the road. Never take your eyes off the road. Panic stops If you have to stop on a highway for a unexpected reasons and you have a Anti Lock braking systems you may have to Try to brake (if that doesn't work) Push down on your brakes and if you hear screeching of the breaks your doing it right. Don't be afraid just try to slow down and try not to cause a accident.
"10 steps to buying a new car" - getting preapproved for loans, You get an idea of how much you can afford -Locate and Test-Drive the Car "How to Lease a Car" -A lessee (you) pays money to the lessor (the bank, which is the actual owner) to use the car.
I learned after reading a article about fees that you are unaware of that after you settle on a price with your car salesmen that the price you are paying will be much more then you expected. After, finalizing the price of your car fees such as vehicle registration, sales tax, documentation fee, dealer fees, and advertising fees.
Also, during my research I learned you don't have to leave the car dealership with your new car without having a full gas tank and completely clean. The salesmen is also suppose to show you the amenities of your car and how to connect your phone. Lastly, you have to take pictures of your car and walk around to check for scratches and dents before buying because if you leave with a scratch then that is on you and the dealership can deny it.
In the article "10 Steps to Buying a Used Car," I learned that you should never spend over 20% of your take-home pay. Doing this will only leave you in debt over a car that's used- if you're going to go broke at least do it in style. I also learned that there are many things to check for while testing driving your potential car, such as: seeing if the check engine light is on, how is the visibility with your mirrors adjusted to your liking, is it enough?, how are the tires?, lastly, does the AC and heating work? All of these are very important things to look for if you are going to be in any sort of debt over your purchase. In the second article I read, "How to lease a Car," I learned about two things: What a lease is, and why people lease cars. A lease is basically a setup where the bank owns your car, and you pay it off with monthly payments that work for you monthly income. Many often think of it as "renting a car from the bank," but in reality you still have to pay for the insurance, maintenance, and much more. Why do people lease cars? People often lease their cars because it's cheaper. You don't have to pay as much for maintenance. Leasing a car is often chosen because it's a way to acquire a newer, safer car, than what you could get by buying a used car.
1.In the article titled "8 Steps To Buying A New Car". Something you should always do before buying a car is get pre-approved for a loan so then you can see what you're paying and you can then relate it to the dealerships offer. Another thing you should always do when buying a new car is checking the sale prices and warranties how you usually do this is by calling the manager and figuring out what services of this car are appealing to you. 2. "Why you shouldn't sleep on a car deal" you could miss out on a deal such as a sale that drops the price of a civic to a fit which the civic is usually $7,000 more dollars than a fit. Managers usually have a quota to fill so when they don't meet it, they start making super low prices on vehicles so they can hit it.
In the F&I office you go over what else can be purchased with your car and warranties, ect. However, if you're not paying attention the original monthly payments you already talked about can go up based on the other purchases you might be getting. Also how long you are in there can depend on the time of day or any questions, or extra deciding you might have. The extended warranty applies after the original warranty of the car has expired. Prices vary with different brands of cars. There are plenty of different accessories, or protection plans you can buy. Depending on what you want they can be worth it for you and others not so much. Just watch out for the prices so your monthly payments don't jump on you too much.
In the article "10 Steps to Buying a Used Car" I learned the things you should check for in order to buying a used car, such as things like, vehicle history, prices, and making sure you test drive the car. In the article "8 Steps to Buying a New Car" I learned that in order to buy a new car you have to get approved for a loan, you should check warranties for the car your buying so in case something breaks you'll have a certain time. In the article "5 Car Lease Strategies You Didn't Know About" I learned ways to make money and have it be more affectionate, in order to save money you can pay everything up front so you don't have to pay for interest. In the article "Best Car, Truck and SUV Lease Deals Under $199" I learned about some of the best leasing vehicles you can do right now.
In a article I read, the pink slip is also know has the title of the vehicle. During this article about loaning, people could check the history on the vehicle. Why would be loan a car? People can just steal it and never come back. They can also trash it and give it back with a payment.
In the article "10 Steps Buying a Used Car," you can check out the history of the vehicle and can tell if the people selling the car are lying to you. I would buy a car that is used and not deal with the lying.
I learned in "8 Steps to Buying a New Car" that a preapproved loans are good to see what amount is within your limits in buying a car.
In "10 Steps to Buying a Used Car", A car you're going to buy, it shouldn't cost more than your take-home pay. Vehicle History Reports are important to tell the history of the car. Before buying a used car, it's a good idea to have a mechanic check it out.
In the article 10 steps to buying a used car some tips I found helpful were Check the Vehicle History Report and Have the Car Inspected because I feel like those steps might get overlooked a lot when possibly buying a used car. In the article 5 car lease strategies you didn't know about 2 tips I found important were to pay for the entire lease up front and save some cash customize the mileage to suit your needs since they can both help you potentially save money.
For car insurance: Grab those discounts. Insurers offer a multitude of discounts, including lower rates for drivers with short commutes, retirees, students with good grades or vehicles with safety devices such as car alarms or motorized seatbelts. Take the highest possible deductible. Want an easy way to lower your premium? Take a high deductible. By opting for an annual deductible of $1,000 instead of $250, you'll pay less up front, but should you be responsible for an accident, you'll foot more of the bill before insurance payments kick in. Car shopping: Get preapproved for your used-car loan. This lets you know what you can afford and the interest rate for which you qualify. Consider buying a certified pre-owned (CPO) car. It greatly simplifies the buying process because the car has already been thoroughly inspected, so evaluating its condition is less of an issue. The vehicle will be priced higher because of the perceived quality, as well as the extra warranty coverage that's included with a CPO car.
In the first article i read was " 10 steps to buying a used car". Something you should be careful of is when buying a car don't buy it if its over your take-home payment by 20%. Also from this article is check the car history, make sure if it has be wrecked, and to see the past owners.
Second article, "How to lease a car" for leasing a car it can be less expensive for people,but the catch is you don't own the car, the bank owns the car. With the bank you are only allowed to drive the car a certain amount of miles.
The first article I read was "10 steps to buying a used car" i learned that you should first find out how much you can afford, you should usually spend about 20% of your take-home pay. The next thing you would usually do is make a list of used cars that you are targeting and see which one would be the right option for you. you always have to pay attention to the prices of your options and always test drive the car before you buy it. The second article I read was "8 steps to buying a new car" and it taught me too get pre approved for a loan and to also trade in an old car if possible because it could reduce the cost significantly. Whenever you are buying a car you should always spend even more time researching it because you are making a much bigger investment buying the car brand new.
What New-Car fees should you pay? Well the article by Peter Gareffa explains which fees you should pay for. 1)Vehicle registration fee 2)Sales tax in Oregon we don't have a sales tax 3)Documentation fee 4)Dealer fees 5)Advertising fees all of these fees could be added to your bill at the end on the contract , if you feel like the main price is really high you could still negotiate most of these fees nut if you get a really good deal on a car you might not want to haggle to much about the price. By the way sales tax isn't negotiable.
"Why you Shouldn't Sleep on a Car Deal" I learned that the best time to go to a car dealership is at the end of the month because that's when salespeople are trying to hit their numbers. When it comes to these kinds of sales there isn't always time to sleep on the offer because it might just be a last minute thing that will be gone the next day. "10 Steps to Buying a Used Car" When it comes to a car loan, the car payment shouldn't be more than 20 percent of your take-home pay. If you're buying a car that's out of warranty, you should set aside a "just-in-case" fund in case of any problems that come up. Price depends on the place you're buying from. Private-party cars usually will have the lowest selling price.
In the article, "5 Automotive Fixes You Can Do Yourself" I learned you can save a lot of money if you do these five things yourself:Change you own oil,replace bulbs and fuses,change air filter,rotate your tires,check your tire pressure and inflate your own tires.
In the article, "What Does Your Check Engine Light Mean?" I learned sometimes the light may turn on because of some simple things such as the gas cap not being on tightly enough so be sure to inspect your car before having someone do unneeded repairs.
In the article "10 steps to buying a used car" I learned that paying for a pre purchase inspection is a good investment. Looking at the car's history is a really good essential step for buying a car,can also negotiate the price of the car to make the price in your price range.
In the second article that I read " 8 ways to buy a new car" Planning out your trade in is key to buy a car and use that money for a new car. Checking the sale price and warranties on the car to see if you have a problem with the car that you need to get it fixed or will have the problem paid for and fixed under the warranty.
All cars and trucks need to be maintained when hitting 200k miles. The common cost for this is a little over $2000. Also the bigger vehicles cost more to maintain the small cars.
As I have researched I have found out that you can run into many problems if your car have keyless entry. First off some people may leave the car in drive when they get out of it and its very bad to leave a automatic car in drive when not in use. Also you may run into problems if your key fob get wet and your in the woods or not anywhere near a store. The water has ruined the current battery that is the key fob. Leaving you with no communication from the car to the key fob saying it is in range and can start.
I read "How to buy a new car" and learned a few things. One, being that the monthly pay shouldn't be more than 10% of your monthly take home paycheck. Two, to always check the car history on either Carfax or Autocheck because you never know what will come up. And three, to pay attention to buying the right car for your extracurriculars and your commutes, like taking mileage and if you ever tow anything.
I learned that your car payments shouldn't be more than 20% of your take home pay. As well as to negotiate a good price for a used vehicle, you offer an amount that is lower than the maximum you're willing to pay.
The articles recommend a loan term that's no longer than 60 months. While a 20 percent down payment is ideal, it's also difficult for most people to handle. So it's also recommended to combine a down payment of around 10 percent with gap insurance or new-car replacement coverage.
If you're taking out a loan to pay for your car, your car payment shouldn't be more than 20 percent of your take home pay, and the best time to go to a car dealership is at the end of the month because that's when salespeople are trying to hit their numbers
In the article "Buying a Car: What to Know Before You Go" I had already been informed on most subjects presented although I did learn that the car industry is striving more right now than it ever has before. I also read a bit about invoice price, which I hadn't realized impacted the price you are buying it for as much as it does, and I learned you can lower the price when coming into a dealership with the invoice price.
The best time to buy a car is when you need it and feel ready to buy, regardless of the time of year. Car buying can be stressful, and it can take more than a month to go from deciding what to buy to actually closing the deal.The air we breathe is made up of 78 percent nitrogen, 21 percent oxygen and a few other elements. In order to get the desired benefits for tires, the nitrogen used needs to be at least 93 percent pure. So we're essentially talking about adding an extra 15 percent of nitrogen and getting rid of as much oxygen as possible.
If you're buying a used car always test drive and try to make arrangements for a pre-purchase inspection. The best time to buy a car is at the end of the month. Dealers might be a few cars short of a sales quota and they might deeply discount cars. The most discounted months are October, November, and December.
I learned in "When is the best time to buy a car" that the best time to buy a car is near the end of the calendar year because the cars are cheaper. In "How to negotiate car prices" that you shouldn't answer the question "What monthly payment will best fit in your budget?" Tell the sales person that you don't want to discuss finances at this point and ask for the actual price of the car that way you can then start to negotiate the price of the car. In "Can you return the car you just bought?" I found out that it's easier to return the car if it is used, it's not as easy to return a brand new car.
You want to make sure to choose models not only for their dependability but also for their low cost of ownership. Consumer Reports and J.D. Power collect maintenance reports from owners and rate all cars for reliability.
After reading "10 Steps to Buying A Used Car," cars that are less than 5 years old typically have longer warranties from their brand franchise dealership in comparison to other dealerships. Your car payment should not be larger than 20% of your take home income so you should also consider putting aside money in case you are unable to receive the intended car loan.
Independent dealerships are useful if you have poor credit. Shopping for a car in the private-party market will cost 12% less than a dealership. If you're shopping for a late-model used car or truck, you might want to consider a certified pre-owned (CPO) vehicle. A CPO vehicle is used car that has gone through a thorough inspection and reconditioning and has been given a factory-backed limited warranty. CPO vehicles also come with benefits not found on other used vehicles, such as access to loaner cars, roadside assistance and even maintenance for some brands.
When buying a car, the payments should never be more than 20% of your take home pay, ideally lower. If the car that you're buying is used, it is important to check the vehicle history report as well as test drive the vehicle. When leasing a vehicle it is a good idea to check in at many different dealers to try to get the best deal. It is very important when leasing to take meticulous track of your miles so that you don't go over your limit.
Buying a used Car; Unless buying from a close friend or family member its important to always check the vehicle history report. This can reveal hidden things like a salvaged title or rolled back odometer. Auto check and car fax are both known sources for checking vehicle history reports.
I learned that you need to really look at everything. Some things you also can't see because its something with the inside. You should try to take a person with you that knows about cars if it has been used or crashed. You need to look at the title and see how the gas mileage is if you commute on most days. You should also test drive the car if possible just to see how you like it, if you can't test drive it that should set off some alarms. You can also use some things to check things about the car.
From what I've read and from experience too, its stressful because of prices of cars that wont be a round much longer because of the time of year and the year of the car too. But one thing for sure, before buying a car get it checked and make sure everything is good with it, inside an out. But also take a drive with it(of course) to make sure it fits and feels good with you and how you drive. But make cure those payments are not a big part of your paycheck.
There is many helpful tips in "10 Steps to Buying a Used Car". When buying a used car, the rule of thumb is 20% of your take home pay. Even after the 20% of take home is determined it may be helpful to set even more money aside to cover any unexpected expenses. Before even looking at a car in person, look at it's Vehicle History Report. Before buying the car, make sure you test-drive it first! If you believe the car is in good shape, it's advised that you take an extra precaution and have a mechanic inspect it. I personally think that knowing when you can get the best deals on cars is beneficial. In the article, "When Is the Best Time to Buy A Car?", I learned that the best time to buy a car is at the end of a month or calendar year. Dealerships are trying to sell cars to meet their quotas for say a bonus and will possibly lower the cars price tag. October, November and December is the most discounted months while January, February, March and April is the least discounted. As for which day is the week is best any day at the beginning of the week. Lastly in the article "8 Steps to Buying a New Car", there's many steps I would've never thought of when buying a new car. First you need to search for cars and their features. Second you need to get preapproved for a loan. Third you may have a car you're trading in and this is when you'd trade it in. Fourth you should locate and test drive the car you're interested in. Fifth you should check the sale price and warranties. Sixth you should review the deal and dealer financing. Seventh you close the deal and last but not least, step eight, take delivery and get your car!
Monthly payments should be no more then 10% of your take-home pay, fuel and insurance will add on another about 7%, so it is safe to find a used car that costs a total of no more then 20% of your monthly take-home.
When it comes to buying cars some of the best times to buy them are: at the end of the month because some car dealers need to meet certain quotas, so they may offer you a car for a significantly lower price. Another good time to buy a car is the end of the calendar year because dealerships have the best deals because they want to get rid of old models to clear out space for new models. If you don't want to wait for December to come around the best months to buy a car would be in the later months of the year because as time goes by the models get older as they try to put more cars in their car lots. Tuesdays and Wednesdays are the best day of the week to go and buy a car because there is a lot less foot traffic, making the process less stressful and the sales person is usually less stressed or overwhelmed. For deciding what care you are going to buy it is best to wait til the end of the year when car companies are trying to get rid of old models to come out with new models. Also if a car company announces that they will no longer be making certain models, you should get the car (unless you don't like it) because it will most likely be discounted.
Also, buying a car during a 3 day weekend like memorial day, you are almost gauranteed a sale, however it is usually very busy on these days. During black Friday there's usually big sales for cars. All of the above also apply to used cars (in most cases)
The article "10 steps to buying a used car" taught me that i should never spend over 20% of my take home pay, I also should check to see if the car has working ac and heater. I also look into the history of the vehicle.
It's a good idea to get a free credit score because that if very important when buying a car, make sure to get a free credit score because paid for ones effect the score and is pretty much a scam. It is also important for you to not be paying too much for the car. A general rule of thumb is to never pay more than 20% of your take home pay. You shouldn't simply trust the car sellers word, so it's good to look in to the cars history, aka vehicle history report, to make sure you aren't being swindled. If possible test drive the car to make sure you like the feel of it, although not the most important part, how comfortable the car is still pretty important. Also don't just take it and leave it with the price of the car, negotiating is always a option and can only have a positive or null impact, never negative.
I looked at family cars because I was interested and I figured everyone else would cover the same things over and over again. A family car needs to meet safety standards before anything else. You should look at the scores from crash tests done by the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). You should also look at fuel efficiency, maximum cargo area, and the ability to install and remove a child's seat.
When buying a really cheap car or a sports car, we don't always look at all the little functional pieces that aren't essential to driving super carefully, but certain parts become more important with a family car. You need more than enough seats, because you don't want to end up not being able to carry afew friends and your whole family at the same time. Bluetooth connections, outlets for chargers, and even in built WiFi can improve your experience exponentially. Conversation mirrors are useful to make sure he kids aren't quietly fighting in the back.
You should also consider testing whether you can fit strollers, golf club bags, etc. into the back if you own big objects that might not fit in some cars that you know you will need to bring everywhere.
SUVs definitely fit the bill, but even with the negative stigma, minivans are one of the types that work well too. Even some pickups and other types of cars can be designed to comfortably hold a family.
I learned that they need to be cpo certified if they're used. I learned that independent dealerships are willing to work around bad credit. You shouldn't pay over 20% of your take home pay.You should buy at the end of the month because they need to make quotas. Buying a new car you need to pay attention to your daily commute so that you know you can afford the gas mileage.
what I have learned about buying cars is you should learn all the facts you need to know like accidents and anything wrong with the car, and when owning a car or before you should definitely know how to change fluids of the car to save money and keep it lasting longer.
In the article " 8 Steps to Buying a New Car" it taught me that 20% down payment would be best, the 10% down payment with gap insurance to not be under water would be the most realistic option for most. Also that when looking to buy a car you need to have a look under the hood, along with test driving it before buying .
what i learned about buying cars is you should always be informed about the loan. and you should not pay more than 20% of your income on a vehicle. also you shouldn't trust everything that the people at the dealership are telling you because they will tell you anything to get you to buy the car.
Buying a car can be very stressful so before buying one drive it and get it checked. Your car payment shouldn't be more than 20%. I also learned about leasing cars and why people do it
I learned that in "8 Steps to Buying a New Car" it taught me that 20% down payment would be best, the 10% down payment with gap insurance to not be under water would be the most realistic option for most
IN "how to buy a new car" I learned verifying that the car you want is still in stock. It might have been sold recently, and online inventories can take a while to catch up. leave the car dealership with your new car without having a full gas,, Edmunds recommends a loan term that's no longer than 60 months. While a 20 percent down payment and review the deal and dealer financing
Offered tips and things to teach people how to drive a manual and educate them about their car. Overall a very useful website in my opinion.
ReplyDeleteGave Good information about leasing a car. Also gave good information on the steps of buying car. Super helpful website.
ReplyDeleteIf you're taking out a loan to pay for your car, your car payment shouldn't be more than 20 percent of your take-home pay.
ReplyDeleteGave great tips on how and when to buy a car. I liked when it tells us when to buy a car so we know when to get the best deals.
ReplyDeleteGave great tips on how you can buy a car and what you personally can afford monthly. Overall helpful website.
ReplyDeleteLexie
DeleteThe best car insurance companies balance their rates with the amount of coverage they offer, so their customers don't have to pay more than they have to when making a claim. Also, depreciation is the single biggest expense when owning a car. And the average American driver loses twice as much a year in the value of their car. Links:https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2017/12/12/car-ownership-cost-saving-tips-gas-maintenance-insurance/924447001/ and https://cars.usnews.com/cars-trucks/car-insurance/best-car-insurance-companies
ReplyDeleteI don't know what happened to spacing of last line lol
ReplyDeleteIt gave a lot of useful information, as well as tips that I hadn't heard before. I liked that it told you the best times to get the best deals.
ReplyDeleteCar insurance enables as a fall back option when your car is damaged or you caused damage to another vehicle, either way, it's not the best experience. Some of the best car insurance companies make this a easy process: balancing out their rates with the coverage they offer, communicating what their policy stance is, and offering specific discounts. USAA appears to be the best car insurance company. Sometimes buying that car you've always wanted, requires applying for a loan. Before applying for a loan, you need to determine your budget, check your credit scores, and finding the best loaner.
ReplyDelete"8 Steps to Buying a New Car"
ReplyDeleteMakes a good point of having the entire payment plan laid out before moving in to buy. Encourages knowing your financial limits as well as figuring out the pricing before making a decision. I also like that it brings up price not being the only factor, as things like warranty and interest rates are important factors as well.
"The Best Time to Buy a Car"
Specifies that you can buy a car anytime you need it, and not to stress greatly over timing. Brings up the value of using car dealerships' patterns to get better deals, such as buying near the end of the month when the deadline for their monthly sales quota is coming up. I like the exploration of using a dealership's systems against them to get a more affordable purchase.
This is by Alex Istudor by the way, even though that didn't show up for some stupid reason.
DeleteBuy a car with good fuel economy. "Even within the same vehicle category there can be a 20 to 30% difference, sometimes even more,Get a car that uses regular fuel. Some models, especially turbocharged vehicles recommend or require premium fuel, that will cost you more every time you fill up.
ReplyDeletei learned that the very first car was invented in the late 1800 and it takes about 2 to 5 years to make or create.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI found the articles very helpful I learned a lot about good maintenance for my car as well as finding good insurance.
ReplyDeleteCan your car be hacked? ~Sierra Curry~
ReplyDeleteA recent 60 minutes that aired has done a segment on cars being hacked.
This is done by the connections that your car may have, If you have
Bluetooth
WIFI
Data
Navigations
Hands free devices
System operations
You are at risk for being hacked. They can make your brakes go out, causing accidents and even death.
How to survive 10 driving emergencies
The ones you don’t see coming,
Always look ahead of yourself. Check other lanes around you as you pay attention to the road. Never take your eyes off the road.
Panic stops
If you have to stop on a highway for a unexpected reasons and you have a Anti Lock braking systems you may have to
Try to brake (if that doesn't work)
Push down on your brakes and if you hear screeching of the breaks your doing it right.
Don't be afraid just try to slow down and try not to cause a accident.
"10 steps to buying a new car"
ReplyDelete- getting preapproved for loans, You get an idea of how much you can afford
-Locate and Test-Drive the Car
"How to Lease a Car"
-A lessee (you) pays money to the lessor (the bank, which is the actual owner) to use the car.
I learned after reading a article about fees that you are unaware of that after you settle on a price with your car salesmen that the price you are paying will be much more then you expected. After, finalizing the price of your car fees such as vehicle registration, sales tax, documentation fee, dealer fees, and advertising fees.
ReplyDeleteAlso, during my research I learned you don't have to leave the car dealership with your new car without having a full gas tank and completely clean. The salesmen is also suppose to show you the amenities of your car and how to connect your phone. Lastly, you have to take pictures of your car and walk around to check for scratches and dents before buying because if you leave with a scratch then that is on you and the dealership can deny it.
In the article "10 Steps to Buying a Used Car," I learned that you should never spend over 20% of your take-home pay. Doing this will only leave you in debt over a car that's used- if you're going to go broke at least do it in style.
ReplyDeleteI also learned that there are many things to check for while testing driving your potential car, such as: seeing if the check engine light is on, how is the visibility with your mirrors adjusted to your liking, is it enough?, how are the tires?, lastly, does the AC and heating work? All of these are very important things to look for if you are going to be in any sort of debt over your purchase.
In the second article I read, "How to lease a Car," I learned about two things: What a lease is, and why people lease cars. A lease is basically a setup where the bank owns your car, and you pay it off with monthly payments that work for you monthly income. Many often think of it as "renting a car from the
bank," but in reality you still have to pay for the insurance, maintenance, and much more. Why do people lease cars? People often lease their cars because it's cheaper. You don't have to pay as much for maintenance. Leasing a car is often chosen because it's a way to acquire a newer, safer car, than what you could get by buying a used car.
1.In the article titled "8 Steps To Buying A New Car". Something you should always do before buying a car is get pre-approved for a loan so then you can see what you're paying and you can then relate it to the dealerships offer. Another thing you should always do when buying a new car is checking the sale prices and warranties how you usually do this is by calling the manager and figuring out what services of this car are appealing to you.
ReplyDelete2. "Why you shouldn't sleep on a car deal"
you could miss out on a deal such as a sale that drops the price of a civic to a fit which the civic is usually $7,000 more dollars than a fit. Managers usually have a quota to fill so when they don't meet it, they start making super low prices on vehicles so they can hit it.
This comment has been removed by the author.
ReplyDeleteIn the F&I office you go over what else can be purchased with your car and warranties, ect. However, if you're not paying attention the original monthly payments you already talked about can go up based on the other purchases you might be getting. Also how long you are in there can depend on the time of day or any questions, or extra deciding you might have. The extended warranty applies after the original warranty of the car has expired. Prices vary with different brands of cars. There are plenty of different accessories, or protection plans you can buy. Depending on what you want they can be worth it for you and others not so much. Just watch out for the prices so your monthly payments don't jump on you too much.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIn the article "10 Steps to Buying a Used Car" I learned the things you should check for in order to buying a used car, such as things like, vehicle history, prices, and making sure you test drive the car. In the article "8 Steps to Buying a New Car" I learned that in order to buy a new car you have to get approved for a loan, you should check warranties for the car your buying so in case something breaks you'll have a certain time. In the article "5 Car Lease Strategies You Didn't Know About" I learned ways to make money and have it be more affectionate, in order to save money you can pay everything up front so you don't have to pay for interest. In the article "Best Car, Truck and SUV Lease Deals Under $199" I learned about some of the best leasing vehicles you can do right now.
ReplyDeleteIn a article I read, the pink slip is also know has the title of the vehicle. During this article about loaning, people could check the history on the vehicle. Why would be loan a car? People can just steal it and never come back. They can also trash it and give it back with a payment.
ReplyDeleteIn the article "10 Steps Buying a Used Car," you can check out the history of the vehicle and can tell if the people selling the car are lying to you. I would buy a car that is used and not deal with the lying.
I learned in "8 Steps to Buying a New Car" that a preapproved loans are good to see what amount is within your limits in buying a car.
ReplyDeleteIn "10 Steps to Buying a Used Car", A car you're going to buy, it shouldn't cost more than your take-home pay. Vehicle History Reports are important to tell the history of the car. Before buying a used car, it's a good idea to have a mechanic check it out.
In the article 10 steps to buying a used car some tips I found helpful were Check the Vehicle History Report and Have the Car Inspected because I feel like those steps might get overlooked a lot when possibly buying a used car. In the article 5 car lease strategies you didn't know about 2 tips I found important were to pay for the entire lease up front and save some cash customize the mileage to suit your needs since they can both help you potentially save money.
ReplyDeleteFor car insurance: Grab those discounts. Insurers offer a multitude of discounts, including lower rates for drivers with short commutes, retirees, students with good grades or vehicles with safety devices such as car alarms or motorized seatbelts.
ReplyDeleteTake the highest possible deductible. Want an easy way to lower your premium? Take a high deductible. By opting for an annual deductible of $1,000 instead of $250, you'll pay less up front, but should you be responsible for an accident, you'll foot more of the bill before insurance payments kick in.
Car shopping: Get preapproved for your used-car loan. This lets you know what you can afford and the interest rate for which you qualify.
Consider buying a certified pre-owned (CPO) car. It greatly simplifies the buying process because the car has already been thoroughly inspected, so evaluating its condition is less of an issue. The vehicle will be priced higher because of the perceived quality, as well as the extra warranty coverage that's included with a CPO car.
In the first article i read was " 10 steps to buying a used car". Something you should be careful of is when buying a car don't buy it if its over your take-home payment by 20%. Also from this article is check the car history, make sure if it has be wrecked, and to see the past owners.
ReplyDeleteSecond article, "How to lease a car" for leasing a car it can be less expensive for people,but the catch is you don't own the car, the bank owns the car. With the bank you are only allowed to drive the car a certain amount of miles.
This is Megan's i dont know why it says its not
DeleteThe first article I read was "10 steps to buying a used car" i learned that you should first find out how much you can afford, you should usually spend about 20% of your take-home pay. The next thing you would usually do is make a list of used cars that you are targeting and see which one would be the right option for you. you always have to pay attention to the prices of your options and always test drive the car before you buy it.
ReplyDeleteThe second article I read was "8 steps to buying a new car" and it taught me too get pre approved for a loan and to also trade in an old car if possible because it could reduce the cost significantly. Whenever you are buying a car you should always spend even more time researching it because you are making a much bigger investment buying the car brand new.
What New-Car fees should you pay? Well the article by Peter Gareffa explains which fees you should pay for.
ReplyDelete1)Vehicle registration fee
2)Sales tax in Oregon we don't have a sales tax
3)Documentation fee
4)Dealer fees
5)Advertising fees
all of these fees could be added to your bill at the end on the contract , if you feel like the main price is really high you could still negotiate most of these fees nut if you get a really good deal on a car you might not want to haggle to much about the price. By the way sales tax isn't negotiable.
"Why you Shouldn't Sleep on a Car Deal"
ReplyDeleteI learned that the best time to go to a car dealership is at the end of the month because that's when salespeople are trying to hit their numbers. When it comes to these kinds of sales there isn't always time to sleep on the offer because it might just be a last minute thing that will be gone the next day.
"10 Steps to Buying a Used Car"
When it comes to a car loan, the car payment shouldn't be more than 20 percent of your take-home pay. If you're buying a car that's out of warranty, you should set aside a "just-in-case" fund in case of any problems that come up. Price depends on the place you're buying from. Private-party cars usually will have the lowest selling price.
In the article, "5 Automotive Fixes You Can Do Yourself" I learned you can save a lot of money if you do these five things yourself:Change you own oil,replace bulbs and fuses,change air filter,rotate your tires,check your tire pressure and inflate your own tires.
ReplyDeleteIn the article, "What Does Your Check Engine Light Mean?" I learned sometimes the light may turn on because of some simple things such as the gas cap not being on tightly enough so be sure to inspect your car before having someone do unneeded repairs.
In the article "10 steps to buying a used car" I learned that paying for a pre purchase inspection is a good investment. Looking at the car's history is a really good essential step for buying a car,can also negotiate the price of the car to make the price in your price range.
ReplyDeleteIn the second article that I read " 8 ways to buy a new car" Planning out your trade in is key to buy a car and use that money for a new car. Checking the sale price and warranties on the car to see if you have a problem with the car that you need to get it fixed or will have the problem paid for and fixed under the warranty.
All cars and trucks need to be maintained when hitting 200k miles. The common cost for this is a little over $2000. Also the bigger vehicles cost more to maintain the small cars.
ReplyDeleteAs I have researched I have found out that you can run into many problems if your car have keyless entry. First off some people may leave the car in drive when they get out of it and its very bad to leave a automatic car in drive when not in use. Also you may run into problems if your key fob get wet and your in the woods or not anywhere near a store. The water has ruined the current battery that is the key fob. Leaving you with no communication from the car to the key fob saying it is in range and can start.
ReplyDeleteI learned in "10 steps to buying car insurance" I learned that you can customize your insurance to your car and the kind of driving you'll be doing
ReplyDeleteBraedon rinck
DeleteI read "How to buy a new car" and learned a few things. One, being that the monthly pay shouldn't be more than 10% of your monthly take home paycheck. Two, to always check the car history on either Carfax or Autocheck because you never know what will come up. And three, to pay attention to buying the right car for your extracurriculars and your commutes, like taking mileage and if you ever tow anything.
ReplyDeleteI learned that your car payments shouldn't be more than 20% of your take home pay. As well as to negotiate a good price for a used vehicle, you offer an amount that is lower than the maximum you're willing to pay.
ReplyDeleteThe articles recommend a loan term that's no longer than 60 months. While a 20 percent down payment is ideal, it's also difficult for most people to handle. So it's also recommended to combine a down payment of around 10 percent with gap insurance or new-car replacement coverage.
ReplyDeleteIf you're taking out a loan to pay for your car, your car payment shouldn't be more than 20 percent of your take home pay, and the best time to go to a car dealership is at the end of the month because that's when salespeople are trying to hit their numbers
ReplyDeleteAfter reading '10 steps to buying a used car' I now know get the car checked by a mechanic before buying.
ReplyDeleteIn the article "Buying a Car: What to Know Before You Go" I had already been informed on most subjects presented although I did learn that the car industry is striving more right now than it ever has before. I also read a bit about invoice price, which I hadn't realized impacted the price you are buying it for as much as it does, and I learned you can lower the price when coming into a dealership with the invoice price.
ReplyDeleteThe best time to buy a car is when you need it and feel ready to buy, regardless of the time of year. Car buying can be stressful, and it can take more than a month to go from deciding what to buy to actually closing the deal.The air we breathe is made up of 78 percent nitrogen, 21 percent oxygen and a few other elements. In order to get the desired benefits for tires, the nitrogen used needs to be at least 93 percent pure. So we're essentially talking about adding an extra 15 percent of nitrogen and getting rid of as much oxygen as possible.
ReplyDeleteIf you're buying a used car always test drive and try to make arrangements for a pre-purchase inspection. The best time to buy a car is at the end of the month. Dealers might be a few cars short of a sales quota and they might deeply discount cars. The most discounted months are October, November, and December.
ReplyDeleteI learned in "When is the best time to buy a car" that the best time to buy a car is near the end of the calendar year because the cars are cheaper.
ReplyDeleteIn "How to negotiate car prices" that you shouldn't answer the question "What monthly payment will best fit in your budget?" Tell the sales person that you don't want to discuss finances at this point and ask for the actual price of the car that way you can then start to negotiate the price of the car.
In "Can you return the car you just bought?" I found out that it's easier to return the car if it is used, it's not as easy to return a brand new car.
You want to make sure to choose models not only for their dependability but also for their low cost of ownership. Consumer Reports and J.D. Power collect maintenance reports from owners and rate all cars for reliability.
ReplyDeleteAfter reading "10 Steps to Buying A Used Car," cars that are less than 5 years old typically have longer warranties from their brand franchise dealership in comparison to other dealerships. Your car payment should not be larger than 20% of your take home income so you should also consider putting aside money in case you are unable to receive the intended car loan.
ReplyDeleteThis is Jasmine's response
DeleteIndependent dealerships are useful if you have poor credit. Shopping for a car in the private-party market will cost 12% less than a dealership. If you're shopping for a late-model used car or truck, you might want to consider a certified pre-owned (CPO) vehicle. A CPO vehicle is used car that has gone through a thorough inspection and reconditioning and has been given a factory-backed limited warranty. CPO vehicles also come with benefits not found on other used vehicles, such as access to loaner cars, roadside assistance and even maintenance for some brands.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteA good rule of thumb for when purchasing a used car is that your monthly payment should be no more then 10% of your take-home pay.
ReplyDeleteWhen buying a car, the payments should never be more than 20% of your take home pay, ideally lower. If the car that you're buying is used, it is important to check the vehicle history report as well as test drive the vehicle. When leasing a vehicle it is a good idea to check in at many different dealers to try to get the best deal. It is very important when leasing to take meticulous track of your miles so that you don't go over your limit.
ReplyDeleteBuying a used Car;
ReplyDeleteUnless buying from a close friend or family member its important to always check the vehicle history report. This can reveal hidden things like a salvaged title or rolled back odometer. Auto check and car fax are both known sources for checking vehicle history reports.
I learned that you need to really look at everything. Some things you also can't see because its something with the inside. You should try to take a person with you that knows about cars if it has been used or crashed. You need to look at the title and see how the gas mileage is if you commute on most days. You should also test drive the car if possible just to see how you like it, if you can't test drive it that should set off some alarms. You can also use some things to check things about the car.
ReplyDeleteThis tis mineth
Deletetis aydin's
DeleteFrom what I've read and from experience too, its stressful because of prices of cars that wont be a round much longer because of the time of year and the year of the car too. But one thing for sure, before buying a car get it checked and make sure everything is good with it, inside an out. But also take a drive with it(of course) to make sure it fits and feels good with you and how you drive. But make cure those payments are not a big part of your paycheck.
ReplyDeleteThere is many helpful tips in "10 Steps to Buying a Used Car". When buying a used car, the rule of thumb is 20% of your take home pay. Even after the 20% of take home is determined it may be helpful to set even more money aside to cover any unexpected expenses. Before even looking at a car in person, look at it's Vehicle History Report. Before buying the car, make sure you test-drive it first! If you believe the car is in good shape, it's advised that you take an extra precaution and have a mechanic inspect it. I personally think that knowing when you can get the best deals on cars is beneficial. In the article, "When Is the Best Time to Buy A Car?", I learned that the best time to buy a car is at the end of a month or calendar year. Dealerships are trying to sell cars to meet their quotas for say a bonus and will possibly lower the cars price tag. October, November and December is the most discounted months while January, February, March and April is the least discounted. As for which day is the week is best any day at the beginning of the week. Lastly in the article "8 Steps to Buying a New Car", there's many steps I would've never thought of when buying a new car. First you need to search for cars and their features. Second you need to get preapproved for a loan. Third you may have a car you're trading in and this is when you'd trade it in. Fourth you should locate and test drive the car you're interested in. Fifth you should check the sale price and warranties. Sixth you should review the deal and dealer financing. Seventh you close the deal and last but not least, step eight, take delivery and get your car!
ReplyDeleteThis is mine!
DeleteMonthly payments should be no more then 10% of your take-home pay, fuel and insurance will add on another about 7%, so it is safe to find a used car that costs a total of no more then 20% of your monthly take-home.
ReplyDeleteWhen it comes to buying cars some of the best times to buy them are: at the end of the month because some car dealers need to meet certain quotas, so they may offer you a car for a significantly lower price. Another good time to buy a car is the end of the calendar year because dealerships have the best deals because they want to get rid of old models to clear out space for new models. If you don't want to wait for December to come around the best months to buy a car would be in the later months of the year because as time goes by the models get older as they try to put more cars in their car lots. Tuesdays and Wednesdays are the best day of the week to go and buy a car because there is a lot less foot traffic, making the process less stressful and the sales person is usually less stressed or overwhelmed. For deciding what care you are going to buy it is best to wait til the end of the year when car companies are trying to get rid of old models to come out with new models. Also if a car company announces that they will no longer be making certain models, you should get the car (unless you don't like it) because it will most likely be discounted.
ReplyDeleteAlso, buying a car during a 3 day weekend like memorial day, you are almost gauranteed a sale, however it is usually very busy on these days. During black Friday there's usually big sales for cars. All of the above also apply to used cars (in most cases)
DeleteThe article "10 steps to buying a used car" taught me that i should never spend over 20% of my take home pay, I also should check to see if the car has working ac and heater. I also look into the history of the vehicle.
ReplyDeleteIt's a good idea to get a free credit score because that if very important when buying a car, make sure to get a free credit score because paid for ones effect the score and is pretty much a scam. It is also important for you to not be paying too much for the car. A general rule of thumb is to never pay more than 20% of your take home pay. You shouldn't simply trust the car sellers word, so it's good to look in to the cars history, aka vehicle history report, to make sure you aren't being swindled. If possible test drive the car to make sure you like the feel of it, although not the most important part, how comfortable the car is still pretty important. Also don't just take it and leave it with the price of the car, negotiating is always a option and can only have a positive or null impact, never negative.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI looked at family cars because I was interested and I figured everyone else would cover the same things over and over again. A family car needs to meet safety standards before anything else. You should look at the scores from crash tests done by the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). You should also look at fuel efficiency, maximum cargo area, and the ability to install and remove a child's seat.
ReplyDeleteWhen buying a really cheap car or a sports car, we don't always look at all the little functional pieces that aren't essential to driving super carefully, but certain parts become more important with a family car. You need more than enough seats, because you don't want to end up not being able to carry afew friends and your whole family at the same time. Bluetooth connections, outlets for chargers, and even in built WiFi can improve your experience exponentially. Conversation mirrors are useful to make sure he kids aren't quietly fighting in the back.
You should also consider testing whether you can fit strollers, golf club bags, etc. into the back if you own big objects that might not fit in some cars that you know you will need to bring everywhere.
SUVs definitely fit the bill, but even with the negative stigma, minivans are one of the types that work well too. Even some pickups and other types of cars can be designed to comfortably hold a family.
I learned that they need to be cpo certified if they're used. I learned that independent dealerships are willing to work around bad credit. You shouldn't pay over 20% of your take home pay.You should buy at the end of the month because they need to make quotas. Buying a new car you need to pay attention to your daily commute so that you know you can afford the gas mileage.
ReplyDeletewhat I have learned about buying cars is you should learn all the facts you need to know like accidents and anything wrong with the car, and when owning a car or before you should definitely know how to change fluids of the car to save money and keep it lasting longer.
ReplyDelete^Haylee Farley
DeleteIn the article " 8 Steps to Buying a New Car" it taught me that 20% down payment would be best, the 10% down payment with gap insurance to not be under water would be the most realistic option for most. Also that when looking to buy a car you need to have a look under the hood, along with test driving it before buying .
ReplyDeleteDannie B
Deletewhat i learned about buying cars is you should always be informed about the loan. and you should not pay more than 20% of your income on a vehicle. also you shouldn't trust everything that the people at the dealership are telling you because they will tell you anything to get you to buy the car.
ReplyDeleteBuying a car can be very stressful so before buying one drive it and get it checked. Your car payment shouldn't be more than 20%. I also learned about leasing cars and why people do it
ReplyDeleteIf you are going to b uy a car, take it for a test drive and listen to the sounds, and feel it out. Definitly do not rush into any contracts.
ReplyDeletei learned that you should always be informed about the car loan and you should never trust all of what the dealership says.
ReplyDeleteI learned that in "8 Steps to Buying a New Car" it taught me that 20% down payment would be best, the 10% down payment with gap insurance to not be under water would be the most realistic option for most
ReplyDeleteIN "how to buy a new car" I learned verifying that the car you want is still in stock. It might have been sold recently, and online inventories can take a while to catch up. leave the car dealership with your new car without having a full gas,, Edmunds recommends a loan term that's no longer than 60 months. While a 20 percent down payment and review the deal and dealer financing
ReplyDeletemy comment was deleted when i looked back though the comments when seeing on homeaccess it was MI?
Deletemonthly payments should me no more than 10% of you take home pay. your car payment shouldn't be more than 20%. ~marissa lyn
ReplyDelete