When buying a car, people have two options; buy it outright or by arranging finance. Now, depending upon the credit score of an individual, there are different types of finance available; prime and subprime being the two categories that you will fall into. For prime customers, they will have a greater chance of obtaining finance as it means they have a good or fair credit score / history. Therefore, a car credit package will be setup so that they can then go on to purchase a car (this is often from the same people with whom the finance is arranged). Read the rest of this entry »
Over the weekend I dropped in at my local Honda garage to see what cars they had on offer. There was plenty available and some at reduced prices for both new and used vehicles. Whilst finance seemed to be promoted with force, I didn’t hold my breath that many would qualify given the current state of the market. Nonetheless the dealers were still offering car finance deals for new cars (of course – these are the most profitable) and used cars. APR rates seemed to be quite competitive compared to a few of the other car dealers that I had visited (albeit for different manufacturers). However, given some of the prices on show, it may be possible for certain people to be able to afford a car without the need for a finance / credit application. Read the rest of this entry »
With the continuous presence of economic crisis certain business establishments start to face or are already facing the cash-flow problems. However, the crisis is not affecting everyone. There are certain companies almost untouched by this economic bad spirit and, what can be even more surprising in unstable times, willing to expand. These are car supermarkets. Most of recent surveys show that a car supermarket, compared to other car selling establishments, managed to generate a considerable profit within the last year and some of them are already on their expansion plans. Read the rest of this entry »
In the vast majority of cases these are usually owners of private cars and car loan or car credit takers who make use of many sorts of GAP insurance available in the market. It could be due to the fact that they tend to use the GAP insurance as an anti-depreciation tool which seems to be quite a good solution in case of anything unexpected. Passenger cars are generally known for suffering a lot from the depreciation phenomenon. Still, there are some economic factors affecting a value of any vehicle regardless of its function and frequency of use. Read the rest of this entry »
Any driver who has ever tried to buy a used car knows that there is a whole checklist one needs to go through in order to make sure that the target dream car is worth the money and is reliable. While examining a used car prior to buying, some things definitely need being looked at. The so-called trouble spots in the case of any used car include: engine, transmission, drive system, fuel system, electrical, climate system, brakes and car body. The engine control shall be mainly focused on any potential rebuild or replacement done, any oil leaks visible and ensuring that both radiator and cooling fan work properly to avoid engine overheating. In the area of transmission, the driver needs to be sure that the used car has all transmission elements in perfect order and sensors provide real measures. Within the drive system it is usually wise to check if all supporting systems are in place, such as traction and stability control. The fuel system in most cases does not cause any significant problems to used cars. However, it is recommended to be aware of carbon dioxide emissions and average gas consumption. Read the rest of this entry »
I guess every driver who has nature of a traveler likes the feeling of wind in their hair. Driving and being close to nature simultaneously seems to be a dream vision for them. And if you are really keen on that, well, there is a car that can make your dreams come true; the used BMW Convertible. This vehicle was intended to be very significant for the BMW Company. As a result, no practical mistake was made. Equipped with 2.0 litre diesel engine delivering a horsepower of 150, the used BMW Convertible 3 series is able to deliver quite an outstanding performance, which should satisfy even more demanding drivers. One may say that the driver is supported in every minute of driving. Read the rest of this entry »
Any lover of off-road driving and travelling in a heavy terrain has surely heard of the brand name of Jeep! The reason for this being that Jeep is a sort of terrain vehicle star. Whether anyone buys a used or new one, all major high standards are well maintained. The used Jeep Cherokee is said to be one of those models, which are seen as a “must have” in the world of four-wheel drive vessels. Over the years, subsequent models of used Jeep Cherokee were equipped with a host of various engines offering distinctive performance relating to different needs of a potential driver. Read the rest of this entry »
