How to reduce car maintenance and repair cost

Mechanical equipment in general deteriorates with time, the main reason is friction, heat, and the environment such as air, temperature, and humidity. Cars and trucks are no exception, after many years of driving they start to deteriorate, performance isn’t the same as when you first bought it. However following these few simple recommendations you can keep your car in top shape, and save money on repairs and maintenance.

 

Oil Change

The engine and transmission are the two most important part of your vehicle, and the two most expensive to repair if they fail. Keeping them well lubricated will prolong the life of your vehicle and reduce or even eliminate repairs. Changing oil at the factory recommended interval is crucial.If you have an oil leak get it fixed immediately, an engine or transmission cannot run properly at low oil levels, and will fail without warning, leaving you stranded and with a large repair bill, in addition to towing costs, taking time off of work, and frustration. In brief change your coil frequently and repair oil leaks.

 

Wheel Alignment

Getting your wheels aligned (not to be confused with tire balancing) is important to keep your tires running on their entire surface as opposed to being at an angle, which will not only speed up tire wear, but could also cause an accident.

 

Tire Pressure

Driving with un-inflated tires causes your engine to work harder and use more gas, your tires will wear off much sooner, and your car will not corner correctly. Check your tires once a week using a simple tire pressure gauge you could find for about $10, and will probably last you longer than your vehicles.

 

Car Wash

Although it it important to keep your windshield and side mirrors clean for safety, a clean car makes us feel proud of it. Check the weather report for rainy days, and avoid washing your car the day before or during those days. Find an inexpensive car wash, or if you can wash your car yourself at one of those personal manual car washes you could probably do the same job for half the price.

 

 

 

Car loans money saving according to experts

Many people believe that negotiating a great price on a car is better than saving money on a car loan. What most experts say is that to get a great deal, one must separately shop for the loan and the car.

If you want to save up to thousands of dollars, do not go straight to a car dealer. Instead, begin researching on car loan application. If you are a credit union member, it will help you save significantly as credit unions often have very competitive rates. There are also online lenders that have available car loan offers. You can also score good offers at your present auto insurance company. Banks, however, are where most buyers turn to for car financing.

Now, the next step is to secure the approval of your loan. It is a good thing to be very familiar with your own credit. There are credit rating companies that can provide you copies of your credit reports for free or for a small amount. You wouldn’t have to worry so much about your rating, however, because what may be low for a mortgage may already be good enough for an auto loan. Never assume the best, however, but follow another good car loans money saving tips
– regularly check auto loan rate tables of various banks online to find the best rates available. You will find out that there is one thing they call ‘prequalification’ in auto financing. When you get one, you will be able to go to a dealer with a blank check in hand, which means the check is good up to a specified amount. Communicate with the dealer and negotiate and see if the dealer can offer a better financing than the one you already have. That’s a very useful car loans money saving.
– Before closing the deal, study the loan. With the base amount and the monthly payments, you may think you are saving money when you actually are not. Interest can go way up that can drive the total cost if you do not make the best decisions on the terms of the payment. The loan term affects both the monthly payments and the total financing cost. Short payment terms require higher monthly payments than long ones, but long payment terms mean higher interest. This means short payment terms actually mean lesser total amount paid at the end of the loan. This is one car loans money saving tip to be mindful of, as monthly payments are fixed, but interest is variable. Another reason why you should shorten the term length is that the longer you finish paying for your loan, the higher the worth you owe on your car compared to the worth of the car itself. If you bought the car with the intention of selling it after a period of time, you won’t get a price that’s better than the amount you owe on the car. This is because vehicles depreciate in value overtime, while interest rates generally tend to go up. If you are planning to buy a car in the next few months, it is recommended that you follow these car loans money saving tips provided by most experts.

Car Loans Money Saving: How to Get Your Dream Car

Your dream car may be the one of the hardest items to strike out of your bucket list because it will cost you most if not all of your savings. However, whether it is a sedan, an SUV or a sports car, you can have it as long as you take note of these car loans money saving tips.

Apart from credit card purchase, many people opt for car loans. You want to shop around for a good deal so why not shop for better car loans. Two most common types of auto loans are car loans from dealerships and from banks and other financial institutions. The key is to compare available loans to be able to find lower interest rates. Currently, car loan rates play at around two to four percent. Financing through dealerships can offer unbelievably low rates, as shown in very enticing ads, but most of the time, banks are the better car loans money saving option.

Car loan from banks is simply a form of borrowing. The bank, credit union, or even an insurance company will loan you an amount based on which, they will charge interest. Car loans from dealers work almost the same as with banks, with the exception that in this case, you will be directly indebted to the dealer. Both types of loan can be very strict on credit scoring standards so it is best to study your credit history through credit reports which can be acquired from major credit reporting agencies. Banks commonly have very conservative policies that accommodate only those individuals with generally good credit references. Low credit may still get you a car loan, but probably not the one for your dream car.

If for an instance, you chose financing through a bank, you should keep an eye not only on the APR, but also on the payment term. You should ask help from experts regarding monthly payment calculations. An extended payment plan may sound good, as it allows you to pay for the loan over a longer period of time, but it only means higher interest charges. A short payment term requires higher monthly payments, but is lesser in total cost compared to a long payment term. Shorter terms can save you a great deal of money, and is thus one of the best car loans money saving strategies.

The APR, or the annual percentage rate is another thing to focus on. Lower annual percentage rates help generate significantly huge savings.

This may be hard to believe but another car loans money saving strategy is to prefer new cars to used ones. Generally, loans on new cars have lower interest rates compared to pre-owned automobile loans.

Getting your dream car may be hard work, but if you apply these car loans money saving tips, you will definitely get the most out of your budget. Remember not to do the biggest mistakes most people do in financing. Do not go directly to a dealership without shopping for a good car loan beforehand. Do your homework, check your credit, study the terms and score the best financing.

How to get a low APR car loan

More often than usual, car dealers finance your car at a high interest rate, this is because they get a kick back from the lender or providing the loan, it is up to you to shop around for a better rate by going to your bank or a credit union, the process is a little more time consuming but no complicated, and it will save money in the short and long term. Some car dealerships provide in house financing at low interest rates, again do your shopping to see which is best rate available. Your credit score will definitely be a factor, so if a dealer advertises 1% interest rate on new vehicles it is probably based on an excellent credit score, if you don’t have excellent credit try your credit union, you may get a loan that is a half percentage less than you would at a car dealership.

To help figure out payments, interests, and affordability, you should use online financial, loans, or payment calculators such as the ones found at BankRate or other websites, using those calculator you can better plan your loan payments and test different payment schedule scenarios.

Money Saving and Travel tips

Travel is probably the most complex and expensive activity you will ever experience, and hopefully the most enjoyable, with plane tickets, car rentals, meals, hotels, local transportation, museums, parks, planning is essential, and searching for deals can save you quite a bit of money. Here are a few tips that will help you in money saving.

 

vacation_planning Travel Date

Schedule your trip during an off-peak season, plane tickets are less expensive and you will have more choices in choosing a hotel room, tourist attractions will be less crowded and less expensive, all in all you will have a nicer experience.

vacation_plane  Plane Tickets

Buy plane tickets at least three months in advance, Kayak is a good website to search for tickets and hotels, they even show you a graph which shows you date and price fluctuation with a prediction on possible increase or decrease in prices, definitely a great tool!

vacation_currency  Currency Exchange

When traveling abroad you will need to exchange your local currency to that of the country you are traveling to, the best place to exchange is usually in the country you are traveling to, this is where you will get the best exchange rate, however beware, some exchanges are not legit and you might end up receive fake or counterfeit currency! The worst place to exchange is probably at your bank, you will most like get the worst exchange rate. It is best to search online for the best exchange places depending on your destination country. Another important issue to look out for is the amount of cash you are allowed to bring into the destination country, there are limits, and strict laws. You must declare how much cash you are bringing into a country. The other option is to carry a small amount of cash and mostly use you credit card for purchases, restaurant, hotels, however beware that you will incur foreign transaction fees.

vacation_hotel  Hotel Reservations

Make hotel reservations three months in advance, again Kayak is a great website to search through, make sure to read the hotel reviews before deciding. Use Google Maps street view when researching hotels, it isn’t worth saving $20 per day if you have to use transportation to get to a convenient store late at night, or if your hotel is located far from public transportation. Make sure your hotel is strategically located and that your savings are actually worth it.

Credit Card use abroad

Find out which of you credit cards charge charge less for foreign currency transactions. Most credit cards charge a foreign transaction fee, some charge a percentage charge on top of the foreign transaction fee, make sure to read the fine print and don’t hesitate to call your credit card travel specialist to negotiate rates and fees while abroad, you would be surprised what a simple phone call can do.

vacation_transportation  Transportation and Car Rental

It is always best to get around using public transportation, just make sure it is safe, and familiarize yourself with schedules, including local holidays. Always carry a small amount of cash in case you need to take a taxi back to your hotel or residence. Car rental can be expensive abroad, mileage and gas rules can differ greatly from what you are accustomed to. Make sure that the car is equipped with a GPS guide.

Parks and Museums

If you are interested in visiting parks and museums, search for ticket booklets which are sold online, that allow you to visit multiple sites at a lower price than you would pay if buying them locally and individually. Be sure to research the website and read reviews to make sure they are legitimate.

vacation_calls  Calling home

If you need to call home don’t use the hotel phone service, it could be very expensive, it is best to buy calling cards, or sign up for a service before traveling that will allow you to call home at a very low rate, you would receive a local access number use can use in the country you are visiting, and instructions on how to dial your home number.