A Step By Step Guide To Buying Your Car Online

Buying a car can be a stressful affair for busy people. Squeezing in the time to go in to the car showroom and listen to the salesman trying to sell you what he thinks is best for you is just not my thing. Your best option? Buy it online! The perks of buying a car online are that you have the most control over the top 4 aspects of car buying: price, trade, financing and down payment. Of course, online car sale companies also have sales executives but, they are aware that they are being shopped by a very educated customer and play their role justly. Step 1: Finding you the perfect car Most people, even those buying on the floors do their research on which car to buy online. You can choose your car by looking at multiple parameters such as budget, fuel economy, space, seating, maintenance cost and so much more. The advantage of doing it online is that you can select your criteria and compare it across multiple models with the click of a finger. Tip : Do make sure to read expert reviews and ratings . Step 2 : Determine the price you wish to pay Research on the local dealers price and what offers multiple sites offer to compare their prices. You could also use tools to find out what was the average price recently paid for the car. Then make your offer to the online salesman to get the best deal possible. Tip: Don’t forget to find out the fee and options covered in your car’s price as they might end up charging you more otherwise Step 3: Get your financing straight Never blindly choose the option given by the online salesman. Use your flexibility online to find out the rate in your own bank or other financing agencies and choose the best option. Tip : Always check the yearly interest rate rather than the monthly one. Step 4 : Get a pulse of the demand for your car Look up the demand for the make and model of the car you are buying by researching online. If there is low numbers in the market the chances are you won’t get a great deal. Tip : Contact multiple online dealerships for the price of the same make and model. Compare them to your researched prices and go in for the best option. Once you do all these, ask your best option for their quotes and negotiate the prices with the research you have...

Should You Lease Or Buy Cars In Groups?

Leasing cars may offer you the option of paying in installments but your cars could come with a mileage cap. There are many downsides to leasing cars in groups as compared to buying them in groups. Moreover, you would need to sign some lease contracts that would have many conditions in them. If you are planning to lease in groups, these are the downsides to doing so. Financing problems If you lease in groups, you would face financial problems since you would not only need to pay money later on for wear and tear too but also other charges. So, you would need to keep the cars in good shape. Moreover, sometimes they make you sign just one lease for several persons. Even if one or a few of the cars get damaged or stolen, you would need to still continue to pay the rest of the amount, which will be extremely painful for those concerned. Moreover, you may need to pay some other extra charges to the car leasing company. Ownership problems Till the entire group finishes paying the entire lease amount, the cars will still belong to the car leasing company. On the other hand, when you buy cars in groups, the entire group will get discounts and the members of the group will not have to keep paying hefty fees and charges for everything. Instead, you would be driving your car in style. You would not need to worry about thefts, etc. since your car would be covered under some insurance policy or another. Moreover, once you get a discount, you would not need to worry about anything else since there are no additional charges beyond the amount you would be paying one time. If you are thinking long term, you should consider buying yourself a car in...

Tips to Get an Auto Loan for Bulk Car Purchase

Financing new cars may be cheaper than you think. It may, however, be a good idea to check the bank terms and rates before taking an auto loan for bulk car purchase. Most of the banks offer car loans as a part and parcel of their services. You could also get loans from a dealer or from a credit union for buying cars in bulk. Have an Excellent Credit Score If you have an excellent credit score, then you should find it easy to get a loan for bulk car purchase. This implies that your credit score is the most important factor while considering buying cars in bulk. Credit scores typically range between three hundred and eight hundred and fifty. If you want to qualify for the very best rates, then you need to have a credit score of seven hundred and ten. In case your credit score is less, then you would need to pay up a higher rate of interest to the lender. If your credit score is about five hundred and fifty, you would find it extremely difficult to qualify for car loans. Approach a Credit Union Credit unions are non-profit organizations that lend money to people at reasonable rates of interest. These institutions are the best friends of a borrower. They are the cheapest source of financing and are never deceptive. Back in the day, you had to be a part of an organization or a company in order to qualify for a loan from a credit union. These days, the only requirement for getting a loan from one of the thousands of credit unions is that you live in a specific geographical area. If you do not take loans from a credit union, you are clearly missing out on a lot of benefits that taking a loan from one would give...

What Aspects to remember while purchasing a Car?

People earn money to live their lives with comfort and happiness. That is the bare minimum requirement of the vocational opportunities being taken up by people. By virtue of the money they earn through the vocational opportunities, they try to fulfill the basic amenities of life. Within the span of a small lifetime, they have big and small dreams, which they try to accomplish by means of their hard earned money. In order to do so, they have to undergo a number of tradeoff decisions in their lives, as the amount of disposable income in their hands is quite limited. Buying a car is a tough decision and before making purchases, you can do a thorough research through resources and then, make a wise decision. Therefore, they have to look for all possible cost effective alternatives before making any purchasing decision, especially when the question of purchasing something costly comes into picture. Considering the average level of disposable income in the hands of the people pertaining to middle class in India, purchasing a brand new or second hand car may come out to be a very crucial decision, and in the process of purchasing, they consider a number of things. Following are some of the examples of the aspects being considered by the Indian middle class household, while purchasing a car: First and foremost is the price of the car. Depending on the level of disposable income and amount of savings, it can be decided whether to purchase the car, or not. As the fuel price is going up in accordance with the hike in global crude oil price, and level of inflation prevalent in the economy, mileage is the second crucial factor to be considered. After purchasing a car, it is very much needed to maintain it. Therefore, in particular, the aspect of maintenance cost has to be considered, while making a car purchase decision. For more information about the various preferences and contextual aspects considered by people while purchasing a car, kindly browse through the pages of...

Tips for purchasing a car by first timers

One of the problems with being the first-time buyer of anything is the uncertainty that surrounds the purchase. First- time buyers usually have a limited amount of information and a lot of questions. They do not know the procedure for so many things although that has now changed with the information available on the Internet. So how can they make the purchasing process easier for themselves? First, they should plan their budget. They should examine how much they can afford to pay for the car. A lot of first-time buyers are quite young and have limited income. Many of them plan to pay for the car by taking loans. In case they are looking at taking a vehicle loan, they need to look at how much they can afford by way of instalments and still have money left over for daily expenses. So proper accounting of the financial budget is very important and the same task becomes easy for the one’s who have chosen accounting assignments during their management or academic programme. Then the buyers need to look at why they are buying a car. Some buyers purchase the car for making their daily commute easy. Others buy it so that they can travel long distance. There are some customers who wish to buy a vehicle as a status symbol. Since there are different vehicles for different needs, these choices make it easy for the buyers to narrow down the options of cars that they can buy. For many people the limited budget they are working on means that the kind of cars they can buy also becomes limited and this can be quite frustrating for them. That is why it is essential that they learn to enjoy the process because it could take some time before they are able to purchase the car of their dreams. However, once they successfully buy the car, it will be like a dream come...