A Personal finance blog to get rich
Vehicles can be costly to purchase, and people consider auto loans to get a new car. These financial constraints, if poorly handled and managed, could worsen your financial situation. Securing a well-tailored and friendly auto loan can be a tricky endeavor.
The whole process entails the interpretation and balancing of risks and benefits. Given the problematic nature of auto financing, this article provides some lessons from experts on what to look at when considering an auto loan.
As we near a full year of enduring the COVID-19 pandemic, many people are using their cars less for commuting and travel. That doesn’t mean that your vehicle needs to sit in the driveway when it could be making you money. Most of us could use a bit more cash to cope during the pandemic, especially after the holiday.
There are a few innovative ways that you can put your car to work for you. From searching at home for an online title loan calculator to driving for a rideshare program, you may be surprised at the financial resource you have sitting right in your driveway. Let’s look at a few ways to make extra money using your car.
For most people, driving is an essential part of everyday life. Whether you depend on your car to get to work, shop for groceries, or drop your kids at school, you’ll need a reliable vehicle to help you along the way. Unfortunately, even the most well-tended cars will eventually hit their high-mileage breaking point.
While it may be tempting to brush issues under the rug or fork out the big bucks to fix your treasured car, it’s safer and more cost-efficient to start fresh with a new model before your vehicle gives out entirely.
Fortunately, most people have time to prepare for the impending arrival of a hurricane. Even residents who live miles inland can be impacted by winds and storm surge. If you decide you’re going to batten down the hatches and ride the storm out, many preparations need to be made, including protecting your vehicle.
Ideally, you should park your car in a garage, but nearly half of the homes don’t have a garage or carport. If you don’t have a place for it inside, you can still protect your vehicle. Keep in mind these factors while deciding where and how you park your car:
Whether you intend to sell your car to a private buyer or a dealer, you’ll want to score the best price possible. However, selling your vehicle poses a challenging task for the inexperienced car owner. Some buyers, especially car dealers, can be notorious negotiators.
With several online car databases within the consumer’s reach, it’s difficult to price your vehicle when buyers can locate a new car cheaply and efficiently with just a few clicks. So, how do you get top dollar when selling your gently-used vehicle? Keep these seven useful tips in mind so you can get a fair deal.
Many car repairs are worth making when they go smoothly. But what if you drive your car away from the mechanic and find the repair hasn’t been done correctly—or hasn’t been done all? Thankfully, most mechanics are thorough and professional, and unpleasant instances are the exception rather than the norm. But it’s important to know what steps to take if you find yourself in a bad situation. So, what to do if your auto repair goes wrong?
There are a number of steps that you can take prior and post the incident. Let’s first briefly talk about what preventative measure you can take.
Compared with the purchase of a new car, a car lease is a lot cheaper. You won’t have to pay the same amount each month, unlike car financing. The only downside is that you don’t own the vehicle. Once the lease is over, you have to return the car. You can continue the lease or buy the vehicle. How do you decide to lease a car?
To determine what’s best for you, you need to sit with a pen and paper and do the math. Start with your old car, write down the purchase price and average maintenance you put it, the tax and registration fees, and the interest you paid over the year (if you had a loan). That’s your total cost of ownership.
With every passing year, the roads get more and more crowded with cars. While the traffic gets worse, people still rely on automobiles to make their lives and careers work. Giving up your car simply isn’t feasible for a lot of us. And that presents a financial burden that you might find hard to shoulder.
The sheer cost of operating a car these days can be very expensive! We’ve taken the liberty of assembling our best tips for keeping that cost to a minimum. Pay no more than you have to drive, without compromising your safety!
For many students, a car is not an optional buy. When you need to get around a lot or your school is too far away, you’ll need something to get you there. You can use public transport if the option is available but, more often than not, this takes too much time or is too complicated for a student with thousands of things on his mind.
Sure, you can find some of your college friends and ask them to drive you around, but this can’t last forever. Sooner or later, you’ll need to get your first car. Fortunately, there’s a way to purchase a car on a student budget. If you worry about how you’re going to afford this, we have some tips that should help you out.
Earlier we used to drive a BMW when I traded that in for a Hinda CRV, it depreciated by as much as 70%. If I consider the maintenance cost we incurred in all 4 years of owning it, that BMW cost us a fortune. I vowed to never ever buy a German car while living in the USA.
Here’s a reality that makes perfect sense when you think about it; even though most people avoid actually doing so. There’s a whole lot more to having a new car than just buying it. Getting the car, as much work as that can be — if you take your time and pick the right car at the right price — is just the beginning.
