Whether to buy a new car or buy a used car is often times the first decision that needs to be arrived at before you can actively begin perusing purchasing your next vehicle.

Let’s take a look at some tips, pros, and cons when it comes to making this decision.

First of all, having been in the automotive business for many years, I almost always lean toward finding a good used car that fits what I am looking for. For me, I believe that used cars offer the best value for your dollar. In most cases, you’ll find used car departments are much more used to and willing to negotiate the price that they have posted on the car. From a negotiating standpoint, most used cars won’t have all of those superfluous dealer ‘add-ons’ stuck on the window either that will just never do.

In the automotive market, used cars will most certainly come with a lower initial price tag than a comparably equipped new car. And not only will the price be lower, you may also find that so is your cost to insure the used car as well as the tags, and taxes. Depreciation being what it is; means that with a car a couple of years old, the biggest depreciation hit has already occurred. And from a tangible perspective, you may have a better chance of getting those upgrades you’d like to have on the used car that you couldn’t otherwise afford going with the new.

Yet, with all of this, buying a used car isn’t for everyone. Finding a used vehicle that fits one’s entire car buying criteria can be a tough exercise in balancing what you want with the value versus risk inherent when it comes to used cars.

Not so many years ago, reliability was a major concern when purchasing a used car… and rightfully so. Today however, reliability problems are a fraction of what they used to be. Today’s vehicles, when properly maintained will easily go for 100,000 miles and it’s not uncommon for vehicles to be motoring along as they approach 200,000 miles or more. And with all of the information now available online, the risk factor is again reduced even a bit more.

Even though more reliable today, buying a used car for people means buying a car that is probably out of its original bumper to bumper warranty. This alone, is enough to repel many potential car buyers back to the new car side of the dealership.

As you know, if you are looking at buying a used car, you are probably looking at a car that is outside the factory warranty or at least would have very little remaining. With no warranty you’ll be on the hook to pay for any needed repairs out of your own pocket. However, the biggest expense for most all cars today are the things that aren’t covered by any manufacturer’s warranty anyway; items such as brakes, tires, alignment, batteries, etc.

Of course nobody can guarantee that you won’t encounter a lemon. No matter what the make and model, no manufacturer can produce a vehicle that can withstand years of neglect and/or abuse. Always, always, always give the used car a thorough inspection both by yourself and a qualified mechanic; doing this will catch most problems that may be looming on the horizon.

When it comes to financing the purchase of a used car, you find that the going interest rates will typically be higher than new car rates. This is definitely a piece of the puzzle you’ll want to check out. There is no rule of thumb as to what the difference in the interest rate will be between the two because there are just too many determining variables involved such as; the economy, rebates and incentives involved on the new car side, your credit, length of financing, and even the type of used car you’re looking at. Be sure to crunch the numbers for both sides.

With used cars, insurance can save you some money as well because you’ll typically pay less for your insurance on a like model from a few years past. The reason is simple; less cost of replacement for the insurance company and used cars are generally not high on the stolen lists.

And finally, (the latest) safety features could be a concern if you’re looking at used car (particularly if you’re going back a few model years).

All in all, if the touch, feel, and smell of a new car, isn’t a top priority for you, I think you’ll find that a well thought out used car purchase you can get more car and features and still be within your budget.

The traditional car buying experience is often seen as an overwhelming task. But thanks to the Web, customers can save time and enter a dealership precisely knowing what they want to buy.

How many times have you started the process by visiting different car dealerships? Purchasing a new or used car is a significant investment and you will hopefully be keeping your vehicle for awhile. You likely have certain features and options in mind, which will help narrow the scope of which models you will consider. But because you want to find the best car to meet your needs, the process can be intense and arduous.

Many car companies and dealerships are posting their inventory online so you can search for a car to best suit your needs. If you begin with the website as your first step, when you walk into the dealership, you have a narrowed list of vehicles that have the features you want, in your price range and you don’t have to waste a lot of time driving around from one dealership to another.

There are three different types of auto retail sites available for car buyers and each has its own unique advantages.

The Coast-to-Coast Dealer’s Website

When browsing online for your car, one of your primary concerns may be selection. CarMax is an online car dealership with a large inventory, located in several states across the country.

When you visit the site, you enter the make, model, price range and other details for the type of car you want. You are asked to enter your zip code, and then given a list of available vehicles at locations near your zip code. You can compare models, pricing, features, mileage, and other details.

If you aren’t sure what type of car you want, this is a good option to check out as many cars as possible in your price range.

The Local Dealership’s Website

The local dealership is probably the best option if customer service, in addition to selection, is important to you. The difference is similar to shopping at a large retailer versus the small specialty shop owned by a local family known for their contributions in the community. But whereas that small specialty shop may not have an inventory comparable to the big guys, the local dealership may not only offer a comparable selection of cars, but services that you won’t find at the larger auto retailers.

Conklin Cars is a new and used car dealer with several locations in Kansas. When working with a dealership that has several locations, you have the advantage of a large inventory, and working with specialists at each location. Customers who have visited the Salina car dealer site, for example, can also visit the company’s Newton car dealership and Hutchinson auto dealer sites online or in person to compare models, features and pricing.

But in addition to searching for cars based on brand, make, model, new, used, and even “building” the car you want, customers can also send questions to the dealerships’ parts and service technicians. Rather than running all over town to try and find the right part your car needs, or taking the car to a mechanic that may not be familiar with your car, you’ve got both covered at one location. This works well because it gives you a one-stop-shop option for not only purchasing your car, but care and maintenance after purchase.

Other notable advantages of using a local dealership include better, low-pressure sales and customer service, in addition to unique services. At Conklin Cars, sales reps are trained to create relationships with customers for any of their car buying or car service needs. For example, customers can rent a vehicle from Conklin Cars, a unique feature of this local dealership not found at many auto retailers.

Brand Name Shopping

If you have a particular brand in mind, visiting the company’s main site is probably your best option. A manufacturer’s website will offer a comprehensive look at all of the company’s offerings. Saturn, for example, is known for its low-pressure, no-haggle pricing. Like most automotive brands, the site is quite comprehensive with a photo gallery of different models, pricing, features and other valuable information to help you make an educated decision on which one of their vehicles will best suit your lifestyle.

Modern technology has created an opportunity for the car buyer to save much time, effort and stress when shopping. Depending on whether you want a vast inventory, a local resource capable of providing all of your car service needs, or you’re focused on one particular brand, beginning the car buying process online is a smart move. If you know your budget and enter the dealership with a clear decision on which cars you want to see, you’ve got the hardest part of the car-buying process covered, and all that will be left to do is make a decision and go through the paperwork.

Even if it is just chemicals outgassing, there’s nothing like that new car smell. It says you’re smart, responsible and successful. In fact, the only thing better than the new car smell is the pride you’ll feel as you take your new wheels for a spin.

It’s certainly no secret that driving a stylish new car is fun and exciting. New cars carry warranties that protect you from unnecessary maintenance and repair bills for extended periods of time, so they can be great investments. The secret is in buying a brand new car, truck, van or SUV without deflating your budget. For many smart shoppers, the right car loans turn their new car dreams into realities.

Direct Auto Financing

One of the biggest money-saving actions you can take in purchasing your new vehicle is with financing through an independent car lender. This borrowing plan is referred to as "direct financing" or "direct loans."

Direct financing is any kind of financing action, set up by you, without the help of the car dealer. There are considerable savings and minimal risks involved in direct loans, making them the best option for many new car buyers. When you walk into a dealership with a guarantee new car loan in hand, you’ve got automatic bargaining power. You’re able to have an upper hand in negotiations, and you can stand equally to your dealer. In the end, this increase flexibility keeps you from falling into the common trap of dealership price fixing and additional financing costs.

Shopping Strategies

The first strategy in shopping for new car loans is securing independent financing. With that in mind, allow yourself further flexibility by applying for a loan limit of at least a little over what you expect to pay. This gives you extra room for flexibility at closing time, without having to worry about the loan limit. Of course, you’re under no obligation to use your entire loan limit. Arranging for automatic payments is another way to lower your rates. By having your car loan payments deducted electronically from your bank account, you can save more money over the duration of your loan.

Price Haggling

Car dealers are seasoned professionals who are trained to get every dime out of you.

For that reason, it’s no wonder that so many people part with a lot of money after "negotiating" with a car dealer. Unless you’re an experienced negotiator, or have an armor of thick skin, going through a new car purchase can be an agonizing experience. The best protection from slick sales types is to walk in to the dealership with your financing already in place. When you’re in this position, you’ll find car dealers haggling with each other to get your business. Talk to local car dealers, and make it clear to them that you’ve been shopping around. Let them understand that you won’t settle for anything less than the very best deal. This leaves the dealers working to get your business, while all you need to do is choose the best one.

Owning a new car can make you feel like a million bucks, without feeling like you’ve just spent a million bucks. Shop around for car loans and make smart financing decisions, and you’ll soon be cruising along and taking in that new car smell.

Purchasing a new car is a major investment. Aside from buying a new house, it may be the biggest purchase you will ever make in your entire life. For this reason, you should be certain that you are dealing with a trustworthy maryland hyundai car dealer before deciding to part with your hard-earned cash.

We have all heard the horror stories about those shady car dealers who talk fast and separate a sucker from his money even faster. The good news is that they are the minority and that most car dealers are dependable and honest. Here are a few tips to help you find a trustworthy hyundai car dealership in maryland

(1) Do your homework

Before you start talking to car dealers, try to find out what they are all about. Research online and check their track record, the quality of their after-sales service and other information that will shed light on their reputation and trustworthiness.

At the same time, try to get a firm grasp of the kinds of hyundai that you may want given your particular tastes and budget. This way, when you start speaking to maryland hyundai car dealers, you can tell if their sales pitch about the car you want is accurate or just a lot of hogwash. Bear in mind, though, that just because a salesperson quotes you a price that is higher than what youve seen online, it doesnt mean hes a crook. Trying to make a decent profit is just part of their job.

(2) Trust Your Instincts

Sometimes you will come across a salesperson that you simply dont trust or are not comfortable with for no apparent reason. Those bad vibes mean something. Perhaps your subconscious has spotted something out of place about this person and is sending you a signal. In this instance, it would be better to ask for someone else.

(3) Use your head, not your heart

Oftentimes, the biggest reason why consumers fall for fast-talking, sleazy salespersons is that they make their purchasing decisions based on feelings and emotions rather than rational thought.

There is a lot of psychology that goes into buying a car. We may be enamored with the way it looks, the feel of the steering wheel in our hands, the way the seats press against our body or the feeling that a certain car is perfect for our personality. It just feels right. When you feel this way about a new car, think hard. Otherwise, it will be easy for a smart car dealer to persuade you into making that purchase.

(4) Be careful during negotiations

Once you enter the negotiation phase, be very careful since this is where most of the dirty tricks begin. For instance, keep your wits about you when a salesman offers you a car that is, say, $1,000 cheaper than their competitors because there may be some additional hidden charges that you will have to pay such as a documentation fee or handling charge or when your salesman forgets to charge you for sports rims. This is an old ploy. Sometimes you just have to stand up, say no thanks and look for another maryland hyundai car dealer.

(5) Do a full inspection

Finally, dont forget to make a full inspection of your new hyundai before leaving the lot. Check for scratches, flaws or other imperfections. The repair of these items should be covered in your deal with the car dealership. It pays to make sure.

Many parents will buy their teenagers their first used car shortly after they turn sixteen. Once mom or dad has helped their teenage driver find a good and reliable used car it is time to find car insurance that won’t cost them an arm and a leg for their new driver. New drivers will typically have higher premiums than older drivers who have more driving experience.

Even though new drivers are considered inexperienced, the premium that you pay doesn’t have to empty your checking account. In fact, parents can save a little bit of money by using their existing insurance policy. Many companies will offer “multi” discounts. This means that if the policyholder has more than one car on their policy, then they will usually get a discount on the additional cars. Other insurance companies will offer auto and home insurance together and this can make paying your insurance even easier. If you are adding a new driver and car to the policy you may receive multi-driver and multi-car discounts.

If the new driver has had a driver education course such as Driver’s Ed in high school, then you may also be able to receive a discount. Many schools offer these courses and if they do not, you may find them available through private companies. You can also take the course and receive a discount for both you and your new driver. Many insurance companies offer these discounts and because many states are requiring that students take these courses, then the situation is even better for you.

Some insurance companies also offer a Good Student discount. These programs award students by offering discounts to students who make good grades in school. If a student also takes a defensive driving course voluntarily, you may also be able to save by sending the certificate to the insurance company, as most insurance companies offer defensive driving discounts as long as the course was not a requirement for a speeding ticket.

Teens have higher accident numbers than any other age of driver. As they progress from being 16 to 17 to 18, their driving gets better as they gain experience. This is why it is important to be prepared for teen car insurance to be more expensive when they first begin driving. They are a higher risk because they tend to be involved in many more accidents. As a parent, you will need to expect to pay that higher premium, but as the teen becomes more experience you can expect that premium to begin dropping on a yearly basis. To make car insurance more affordable for your teen, you should be prepared to budget in that amount when purchasing them a used car.

Car insurance is also a good opportunity for students to learn responsibility. They should be able to help parents pay the premium through summer or part time jobs. They should also learn the effect that a traffic ticket or accident will have on their premium. They will also be able to see how being a good student allows you and them to save money on their insurance.

For more Car buying tips visit Atlanta Used Cars at http://www.UsedCarsAtlanta.us and Dallas Used Cars at http://www.UsedCarsDallas.us.

High performance and low cost were Plymouth’s design goals for a brand-new model in 1968. The company believed that the time was right for a factory hot rod for the youth market, and its guess was right on the money. It would have the macho name of Road Runner.

It was also a very “B Body” budget-friendly machine which made it another very important reason for purchasing. The high cost ruled out many of the muscle cars of the era.

Less money meant less chrome on the body, along with fewer options. In fact, those that intended their Road Runner for the drag strip sometimes ordered the Runner with the small hub-cap-style wheel covers and even deleted the radio.

A member of the Belvedere line, the new model came with a stock 383cid engine capable of 335 horsepower. But that was just the beginning, the awesome 426 Hemi and 440 Six-Barrel engines would become available the following model year.

Of course, the Hemi has been a legend for many years, but that triple-carbed 440 engine had adopted a cult following of its own. A significant body change had been planned for the ‘70 model, but that would be put off until the 1971 model year.

The 1970 440 continued to be capable of 390 horsepower when equipped with the so-called Air Grabber induction system. That interesting system provided a solid connection between the hood scoops and engine once the hood was closed. The sides of the pop-up Air Grabber door were eye-catching with evil-looking shark’s teeth etched on the sides.

The front end was menacing-looking with the blackout grille containing twin headlights mounted in its ends. The aggressive bumper contained a pair of round parking lights on either side of the license plate.

When looking at the ‘70 Road Runner, and comparing it with the other garnish MOPAR muscle machines of the era, it appeared downright stripped. Oh, there was a stripe and 440+6 lettering on the hood, but that was about it. About the only eye catcher was the simulated rear-fender-scoop cut-out.

Some of the models did, however, have a dust trail that reached from near the front of the front fender and disappeared into that scoop.

The only sizable name identification externally was the “Road Runner” lettering contained in a stripe located on the rear end of the car, just above the tail lights. As far as engine identification, in addition to the aforementioned 440+6 designations on the hood, there was also a “440” in the rear of a hood bulge.

With that famous name, the company made the most of it with a special horn to sound like that famous cartoon bird. The horn made the Road Runner ‘Beep Beep’ sound which was unmistakable.

Mike Cenky of Huber Heights, Ohio owns this ‘70 Road Runner hardtop with such an six-barrel 440 engine installation. A retired phone company employee, Mike acquired the four-speed model in 1988 in “fair condition.” I redid the powertrain and suspension system which both needed attention.”

As he was restoring the Road Runner, Mike came across some interesting clues that provided firm indications of the car’s early history. “The engine had a scatter shield, there was an indication of once having a drag-style line-lock set-up, and the rear wheelwells had been trimmed for large racing slicks.

“I bet that it made many runs down the drag strip during those days.” He indicated, though, that type of activity is not in his plans for the orange beauty. “Oh, I might get on it once-in-awhile, but that’s about it!”

Cenky did, however, make several minor changes for better driving comfort. “I used a wider eight-inch rear wheel. Then too, I changed the factory 4.10 ratio rear end to a 3.54 unit which makes the car much more streetable.” For a cleaner look, the small Road Runner decals-normally on the front quarters-and small chrome RR emblems on the rear quarters.

The car is coated in a flashy Tor Red color, a color which is carried to the exposed wheels which carry the small wheel covers, and in MOPAR style, also into the engine compartment. It’s highlighted with that broad black hood stripe which contains the hood scoop and is outlined by two narrow stripes. There is definitely a racecar look about this stunning machine.

The car also carries the Super Track Pack which included front disc brakes, heavy duty cooling package, special cooling fan, and the Dana rear end. The interior is done in black vinyl and sports bucket seats.

Cenky explained that even though the car is 36 years old, most people at car shows know exactly what it is. “I am always hearing from them that they owned one or knew somebody that did,” he explained. Mike’s long been a Chrysler fan, and it comes naturally. “My dad worked for the company for many years and all we ever had were Chrysler cars.” And over the years,

Mike has owned a number of vintage performance MOPARs, including a ‘67 440 R/T, a ‘70 Dodge Challenger 440 Six-Pack, a ‘72 340 Plymouth Duster, and a ‘70 Chrysler 300.

There is no mistaking the look of those Chrysler-built ‘60s and early muscle machines, and they are certainly a favorite of mine.”

And ours too!

Copyright © 2005-2006 Muscle car News Magazine Privacy Policy

Is it possible to own a new car, even if you don’t have $20,000 to spend? Absolutely. Auto loans make car ownership an affordable reality, and virtually anyone can arrange for financing. If you have sufficient income and a good credit rating, you will be able to choose from a selection of auto loans.

Step 1 Choose your wheels before arranging your loan. The bank or finance company will want to know what you’re buying, and how much you’ll need to borrow. Shop around by checking automotive websites and visiting local car dealers. Once you know exactly what you want to buy, you can negotiate a price with the seller. With price in hand, you’ll find it easier and faster to secure your financing.

Step 2 Shop around for the best interest rates. There are online websites like http://www.Bankrate.com that publish surveys and polls of loan rates across the United States. The rates of auto loans will fluctuate with the market, and they definitely differ from lender to lender. Shop around to find the lowest rate and best lending terms. Checking with local banks, credit unions and even car dealers can save you money.

Step 3 Purchasing a new car is a costly, and sometimes risky business.

Auto loans involve a lot of money, and you need to prevent any possibility of getting ripped off. Check with used car values to see how much your current vehicle is worth. Knowing your car’s value will help you to get the most money for your trade-in.

Consult a black book or research online to find the current market value of your vehicle.

Step 4 Determine how much you’re able to spend as your down payment. Providing cash up front can help you to secure an auto loan, as it proves to the lender that you’re responsible and willing to repay. It also decreases the amount of principle and interest you’ll pay throughout the term of your loan. Some lenders require a down payment of twenty percent of the vehicle price. Remember that the value of your current vehicle may be applied toward your down payment.

Step 5 Once you know the type of car you’re buying, the purchase price, the available rates and the amount of down payment you’ll need, it’s time to shop for a lender. Be careful in this step, as there are many shady lenders who are quick to hand out cash in exchange for very steep repayment amounts. Compare interest rates, the loan term (two years, three years, etc), monthly payment amounts and, of course, how much you’re able to spend. These factors will all help to determine your choice of lenders.

Step 6 Don’t panic if you don’t qualify with the first lender you choose. There are literally endless auto loan options available to you. Just be sure that you’re not living beyond your means. You may need to save a little more to come up with a bigger down payment, or simply choose a less expensive car.

Step 7 It’s easy to create a lousy credit rating, and the poor rating can hound you for a long time. If your credit rating is keeping you from securing an auto loan, you can begin working to rebuild it. Pay your bills on time, and clear up any outstanding debts. After six months, you’ll be able to reapply for a new credit rating. If this is not an option, you can choose to look into bad credit auto loans. Insurance companies that offer bad credit loans don’t require their customers to submit their credit histories, so it is possible to secure an auto loan despite poor credit. However, remember that the financer will view you as a risk, and you will pay higher rates.

Auto loans make it possible for virtually anyone to buy a new car. It’s why you see so many new vehicles on the road today. If you think you can’t afford the car of your dreams, shop around. You might be surprised at what you find.

High performance and low cost were Plymouth’s design goals for a brand-new model in 1968. The company believed that the time was right for a factory hot rod for the youth market, and its guess was right on the money. It would have the macho name of Road Runner.

It was also a very “B Body” budget-friendly machine which made it another very important reason for purchasing. The high cost ruled out many of the muscle cars of the era.

Less money meant less chrome on the body, along with fewer options. In fact, those that intended their Road Runner for the drag strip sometimes ordered the Runner with the small hub-cap-style wheel covers and even deleted the radio.

A member of the Belvedere line, the new model came with a stock 383cid engine capable of 335 horsepower. But that was just the beginning, the awesome 426 Hemi and 440 Six-Barrel engines would become available the following model year.

Of course, the Hemi has been a legend for many years, but that triple-carbed 440 engine had adopted a cult following of its own. A significant body change had been planned for the ‘70 model, but that would be put off until the 1971 model year.

The 1970 440 continued to be capable of 390 horsepower when equipped with the so-called Air Grabber induction system. That interesting system provided a solid connection between the hood scoops and engine once the hood was closed. The sides of the pop-up Air Grabber door were eye-catching with evil-looking shark’s teeth etched on the sides.

The front end was menacing-looking with the blackout grille containing twin headlights mounted in its ends. The aggressive bumper contained a pair of round parking lights on either side of the license plate.

When looking at the ‘70 Road Runner, and comparing it with the other garnish MOPAR muscle machines of the era, it appeared downright stripped. Oh, there was a stripe and 440+6 lettering on the hood, but that was about it. About the only eye catcher was the simulated rear-fender-scoop cut-out.

Some of the models did, however, have a dust trail that reached from near the front of the front fender and disappeared into that scoop.

The only sizable name identification externally was the “Road Runner” lettering contained in a stripe located on the rear end of the car, just above the tail lights. As far as engine identification, in addition to the aforementioned 440+6 designations on the hood, there was also a “440” in the rear of a hood bulge.

With that famous name, the company made the most of it with a special horn to sound like that famous cartoon bird. The horn made the Road Runner ‘Beep Beep’ sound which was unmistakable.

Mike Cenky of Huber Heights, Ohio owns this ‘70 Road Runner hardtop with such an six-barrel 440 engine installation. A retired phone company employee, Mike acquired the four-speed model in 1988 in “fair condition.” I redid the powertrain and suspension system which both needed attention.”

As he was restoring the Road Runner, Mike came across some interesting clues that provided firm indications of the car’s early history. “The engine had a scatter shield, there was an indication of once having a drag-style line-lock set-up, and the rear wheelwells had been trimmed for large racing slicks.

“I bet that it made many runs down the drag strip during those days.” He indicated, though, that type of activity is not in his plans for the orange beauty. “Oh, I might get on it once-in-awhile, but that’s about it!”

Cenky did, however, make several minor changes for better driving comfort. “I used a wider eight-inch rear wheel. Then too, I changed the factory 4.10 ratio rear end to a 3.54 unit which makes the car much more streetable.” For a cleaner look, the small Road Runner decals-normally on the front quarters-and small chrome RR emblems on the rear quarters.

The car is coated in a flashy Tor Red color, a color which is carried to the exposed wheels which carry the small wheel covers, and in MOPAR style, also into the engine compartment. It’s highlighted with that broad black hood stripe which contains the hood scoop and is outlined by two narrow stripes. There is definitely a racecar look about this stunning machine.

The car also carries the Super Track Pack which included front disc brakes, heavy duty cooling package, special cooling fan, and the Dana rear end. The interior is done in black vinyl and sports bucket seats.

Cenky explained that even though the car is 36 years old, most people at car shows know exactly what it is. “I am always hearing from them that they owned one or knew somebody that did,” he explained. Mike’s long been a Chrysler fan, and it comes naturally. “My dad worked for the company for many years and all we ever had were Chrysler cars.” And over the years,

Mike has owned a number of vintage performance MOPARs, including a ‘67 440 R/T, a ‘70 Dodge Challenger 440 Six-Pack, a ‘72 340 Plymouth Duster, and a ‘70 Chrysler 300.

There is no mistaking the look of those Chrysler-built ‘60s and early muscle machines, and they are certainly a favorite of mine.”

And ours too!

Copyright © 2005-2006 Muscle car News Magazine Privacy Policy

Is it possible to own a new car, even if you don’t have $20,000 to spend? Absolutely. Auto loans make car ownership an affordable reality, and virtually anyone can arrange for financing. If you have sufficient income and a good credit rating, you will be able to choose from a selection of auto loans.

Step 1 Choose your wheels before arranging your loan. The bank or finance company will want to know what you’re buying, and how much you’ll need to borrow. Shop around by checking automotive websites and visiting local car dealers. Once you know exactly what you want to buy, you can negotiate a price with the seller. With price in hand, you’ll find it easier and faster to secure your financing.

Step 2 Shop around for the best interest rates. There are online websites like http://www.Bankrate.com that publish surveys and polls of loan rates across the United States. The rates of auto loans will fluctuate with the market, and they definitely differ from lender to lender. Shop around to find the lowest rate and best lending terms. Checking with local banks, credit unions and even car dealers can save you money.

Step 3 Purchasing a new car is a costly, and sometimes risky business.

Auto loans involve a lot of money, and you need to prevent any possibility of getting ripped off. Check with used car values to see how much your current vehicle is worth. Knowing your car’s value will help you to get the most money for your trade-in.

Consult a black book or research online to find the current market value of your vehicle.

Step 4 Determine how much you’re able to spend as your down payment. Providing cash up front can help you to secure an auto loan, as it proves to the lender that you’re responsible and willing to repay. It also decreases the amount of principle and interest you’ll pay throughout the term of your loan. Some lenders require a down payment of twenty percent of the vehicle price. Remember that the value of your current vehicle may be applied toward your down payment.

Step 5 Once you know the type of car you’re buying, the purchase price, the available rates and the amount of down payment you’ll need, it’s time to shop for a lender. Be careful in this step, as there are many shady lenders who are quick to hand out cash in exchange for very steep repayment amounts. Compare interest rates, the loan term (two years, three years, etc), monthly payment amounts and, of course, how much you’re able to spend. These factors will all help to determine your choice of lenders.

Step 6 Don’t panic if you don’t qualify with the first lender you choose. There are literally endless auto loan options available to you. Just be sure that you’re not living beyond your means. You may need to save a little more to come up with a bigger down payment, or simply choose a less expensive car.

Step 7 It’s easy to create a lousy credit rating, and the poor rating can hound you for a long time. If your credit rating is keeping you from securing an auto loan, you can begin working to rebuild it. Pay your bills on time, and clear up any outstanding debts. After six months, you’ll be able to reapply for a new credit rating. If this is not an option, you can choose to look into bad credit auto loans. Insurance companies that offer bad credit loans don’t require their customers to submit their credit histories, so it is possible to secure an auto loan despite poor credit. However, remember that the financer will view you as a risk, and you will pay higher rates.

Auto loans make it possible for virtually anyone to buy a new car. It’s why you see so many new vehicles on the road today. If you think you can’t afford the car of your dreams, shop around. You might be surprised at what you find.

Normally, in all those SUVs like vans, there is quite enough space than in any small cars, yes you may have to spend more money on fuel but still the comfort level that you get in the van is high and that cannot be ignored.

You may plan to purchase a second hand van but if only you get a low price deal. But if you don’t think the deal is in your favor, you can go for purchasing a van from government surplus vans auction.

In government auctions you may find a vehicle that is seized by the financer who was unable to get his loan money back or other government vehicles which are now off duty. These vehicles are mostly very less used and normally the history of such automobiles is very well known. This information is provides is important while you bid for it later.

As mentioned before, the vans bought from government auctions are in near perfect conditions and it not normally mandatory required to be serviced. Simply buy them and drive them.

Once you make up your mind to buy one of the vans from government surplus auctions, you may register your self and allow yourself to ignition start it, one of the best way to buy any automobile! Get into the drivers’ seat and check for the interior of the car. Check for the air-conditioner or heater, the wipers, all those switches and other electronics that it may have.

Do remember one thing that no one is allowed to take a test drive of the vehicle unless he or she wins the bid. Now, like in any auction, or a bidding event, the one who bids the highest, wins. Who knows if you are lucky and smart enough you might take the vehicle home.

Also remember there are so may people play a part in government surplus auction. Some want to use the vehicle for personal purpose and some for the business purpose. Therefore the competition is quite high when you wish to get a vehicle at very reasonable prices. Keeping another choice is helpful if you are unable to secure a dream car.

Furthermore, even if all your efforts go in vain, there is no need to get disheartened, as these auctions happen several times during each year. Just an eye on the news sections of the government websites.

But for those lucky ones who are able secure a good van must be careful about the papers and the legalities of the vehicle. Make sure you have completed all the formalities about transferring the same to yourself. The formalities can be completed there at the auction’s site or later. As sometimes officials allows you to simply reveal your social security number or with any other identification document.