Americans love cars. It is one of the reasons why America is amongst the world’s top car-owning countries. Every year, Americans spend several thousand dollars on auto loan payments. If you are looking forward to buying a car, make sure that you follow S.M.A.R.T. tips. The tips will help you save money and ensure that you do not opt for exorbitant auto loans.Follow the S.M.A.R.T. Tips and Save MoneyWhen car buyers have to make a decision about auto loans, logic takes a backseat and emotions become a controlling factor. It is the reason why car buyers say yes to financially harmful auto loans. To save yourself from the possibility of a financial damage, you must follow the tips.S – SpecificThe car is a huge asset. So, it is essential that you understand your requirements before buying a car. It is important that you have a specific image of the type of the car that you want. It will help you stay away from an impulse purchase. Consider the list of following factors because it will help you in choosing your perfect car:1. Total number of passengers2. Gearbox – Automatic or manual gearbox?3. Cargo capacity4. Vehicle performance5. Driving conditions6. Gas mileage7. Safety features8. Technological features9. Parking spaceM – MoneyRemember that even if you opt for an auto loan, you will need to make a down payment of at least 10 percent of the total price of the car. Down payment is beneficial because it helps in reducing the loan amount. If you do not have money for down payment, do not worry. You can trade-in your old car and ask the dealer to deduct its value from the price of the new car.A – Affordable Selecting a specific car will be of no use to you if you cannot afford to buy it. Remember that car expenses are not limited to down payment. You will have to pay money for monthly loan payments, fuel charges as well as maintenance expenses. A general rule is to allocate no more than 20 percent of your total monthly income for car-related expenses. Keep this rule in mind and choose an auto loan that does not exceed your budget.R – Reliable There was a time when car buyers applied for an auto loan with the local bank only. Today, there are several ways of obtaining an auto loan. You can apply with a bank, a credit union, or an online auto financing company.No matter what option you choose, you must ensure that the lender is a reliable one. If you opt for an online auto financing company, check the website’s security certificate. If the website doesn’t have one, stay away from it and save yourself from a potential identity theft.T – Time Car buyers are afraid of rate shopping because they believe that multiple credit inquiries will damage their credit score. But, do not refrain from rate shopping instead, finish it within 30 days. Why?A time-bound search for an auto loan will ensure that you do not harm your credit score. FICO does not consider inquiries made in the 30 days prior to scoring. So, if you are able to get a loan within 30 days, it won’t affect your score. This span of time can change to 14 days if the lender uses older versions of FICO and can increase to 45 days if the lender uses the newest formula.Car buying is one of the most expensive purchases that Americans make. If you do not pay attention to your auto loan, you can make the worst financial mistake of your life. So, avoid making a bad decision and follow the S.M.A.R.T. tips.
There is definitely a need to buy auto insurance for your vehicle when you purchase a new one, but the question is where can you find cheap auto insurance? The cost of buying auto policy isn’t something cheap for someone with an average income. Therefore, to get yourself cheap auto insurance, you must strive to get it. Get advice from experts and search for more information on the Internet. Anyway, here are some ways to secure cheap auto insurance which I think would bring benefits to car owners.1. It is very essential for you to conduct comparison shopping first when you are trying to locate cheap auto insurance. As we have always known, there are multiple insurance companies and packages available in the market. Do not take up the first offer that you get without much consideration. Get a few quotes from various companies and compare their prices and premiums. You would then make better decision to determine which package offers the most reasonable, practical and comprehensive coverage for your needs.2. Obviously, you need more than one type of insurance coverage so that you would be protected from all sorts of mishaps. Therefore, if you are looking for cheap auto insurance and need to buy your house insurance at the same time, why not signing up a multi-policy under one company? Most of the time, you could gain a huge and significant amount of discounts if you purchase a few policies from the same company. Consolidate your policies and your insurance company would be happy enough to offer you cheaper rates.3. Be sure to mention to your insurance company if you have good and clean driving history. All your speeding records are accumulated and compiled by your company when they are reviewing your auto policy application. You would normally get lower rates if your company is satisfied with your driving record. However, if you already have bad driving records, consider to drive carefully in the future to avoid having any more bad marks in your driving record. Remind yourself constantly not to speed or violate any traffic rules. When you manage to be a good driver for a long time, your insurance company would not hesitate to offer you some discounts.
Vehicles are not just products for auto dealerships; they’re investments. Dealers typically continue to make revenue on purchased vehicles long after they’re sold, and lease vehicles continue to be important financial investments as they are leased to different customers. Like any other kind of financial investment, it’s important that dealerships protect vehicles against theft and delinquent payments. GPS vehicle tracking devices provide auto dealerships with an extremely effective way of protecting their vehicle investments at a very low cost.iMetrik is a new brand in GPS auto tracking technology which is quickly becoming the GPS vehicle tracking brand preferred by most auto dealerships. iMetrik’s GPS vehicle tracking devices offer a number of state-of-the-art features, including real time, 24/7 locational tracking.The most common reasons car dealers use iMetrik GPS vehicle tracking devices (and GPS auto tracking units in general) include:Protection Against Auto TheftInstalling GPS tracking devices into sold vehicles is a way to guarantee the new owner protection against auto theft. GPS tracking devices record pinpoint location in real time, allowing the auto dealership to find the stolen vehicle and alert the authorities to its whereabouts. GPS vehicle tracking devices greatly increase the chances of recovering stolen vehicles, allowing better protection of both the owner’s property and the dealership’s investment.Protection Against Car Payment DelinquencyReminding auto owners of their delinquent payments by mail or phone calls can be time consuming, costly and, above all, ineffective. Recovering vehicles which have passed their payment grace periods can be even more costly, particularly if the vehicle’s owner has moved and left no forwarding address. GPS vehicle tracking devices solve the hassle of both payment reminders and vehicle recovery. iMetrik GPS auto tracking recovery units not only track exact vehicle location in real time, but they also allow auto dealerships to notify vehicle owners of delinquent payments directly through the vehicle itself. Car dealers can schedule notifications to be sent to the owner through the vehicle console, alerting the vehicle owner to the urgency of their situation.If owners continue to be delinquent on payments, auto dealerships can disable the vehicle through remote starter interruption. Once owners make the necessary payments, the vehicle may resume use.iMetrik GPS Tracking Device FeaturesIn addition to specialized recovery unit features for auto dealerships and lease vehicles, iMetrik GPS vehicle tracking units offer an easy-to-use web-based interface. Auto dealerships can organize vehicles into groups, search for vehicles by VIN or customer ID number and view locational mapping in real time. iMetrik GPS auto units are smaller than average GPS vehicle tracking devices, allowing for more discreet placement.