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Five Expensive Car Loan Mistakes

Filed in archive Car Economics , Tips For Buying on July 21, 2010

Five Expensive Car Loan Mistakes
© TheTruthAbout...
In a country where getting a new car is so easy through a loan, is there something you have to worry about?

Here are five money traps car dealers can get you into if you don't pay attention:

1. Offering you a lower monthly payment rather than a lower purchase price. Yes you need to know what you should be able to pay every month, but that is not something you should talk about with the sales person. You should also negotiate other costs of the car such as trade-in and car financing separately.

2. Allowing the dealer to define your credit worthiness. Make sure you know your credit score before you step into the dealership. The best thing to do is to go a bank or credit union and apply for an auto loan before you visit a dealership. This will let you know how much you can pay for a car and the interest rate for which you qualify by getting a preapproved car loan.

3. Making the wrong choice between cash rebate and low interest-rate loan. You need to do your own calculations to see whether a cash rebate is better than a lower interest rate or vice versa. Use web sites like Bankrate if you don't exactly know how to do the math. Never attempt to make a decision between these two items on the spot.

4. Rolling negative equity forward. Listen carefully to what your dealer is saying. When he says he can fold a negative equity into a car financing of the next deal, it means he will add it to the purchase price of the new car. That means paying interest on the negative equity for the new loan.

5. Financing the add-ons. Make every attempt to pay for each add-on separately and pay for them in cash. Paying for them by financing means paying interest on those items as well, which means more money from you in the long run.

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SUVs are Going Green!

Filed in archive News on July 18, 2010

SUVs are Going Green!
© Hamed Saber

It started a few years back with the Tahoe Hybrid and it has kept going from there. Now for all the SUV loving mom's who don't want to see their children die before their forties thanks to the effects of global warming, something new is hitting the market. Something new and something exciting, green SUVs.

The Toyota Rav 4-- a favorite with families, is being reconditioned to run completely on electricity. That's right folks, an SUV you can charge up and go. Their are currently versions of this car available that have been given out to special individuals and business. The car in its current state runs entirely on a "27.4-kilowatt-hour nickel-metal hydride battery' that will take drivers about 120 MPH. These previously released models were give out between 1997-2003. The new model will likely have a lot more quirks but it won't hit the market until next year. It is expected to run somewhere in around the 40 K mark, nearly twice as much as its fuel ran sibling.

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How To Spend Less Money On Gas

Filed in archive Car Economics , Facts on June 29, 2010

How To Spend Less Money On Gas
© futureatlas.com
Gasoline prices go up by approximately twenty percent during the summer time because more people tend to do their travel this time of the year.

Right now, a gallon of gas costs an average of $2.92 compared to the usual $2.44 the rest of the year. It's really a simple case of supply and demand. Of course, there are other factors that affect gasoline prices which we have no control over like crude oil prices and federal and state taxes.

Still, there are steps people can easily take to control how much they pay at the pump:

Driving smoothly. Frequent speed fluctuations will result in mileage going down by a third. That's $0.14 more per gallon you spend on city driving and $0.94 more while driving on the highway.

Monitoring tire pressure. Tires that are inflated at the right pressure will cost you 4 percent less gas than when they are improperly inflated. And tires kept at the right pressure will have longer lifetimes too.

Sticking to the speed limit. Most cars will lose fuel efficiency when driven above 60 miles per hour. Keeping the speed limit will increase fuel efficiency by an average of 23%.

Driving a small-engine car. Small engines need less fuel than large engines. Period.

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Nissan Trucks

Filed in archive Reviews on June 19, 2010

Nissan Trucks
© jwalton4th
One of America's favorite truck manufacturers is none other than Nissan - the makers of both the Frontier and the Titan. Nissan trucks have been praised for their long life spans and reliability. Whether you were looking for a sporty truck with style or a dependable work truck, Nissan had a truck for you.

One of the latest models includes the compact, sleek, and economically advanced Nissan Frontier that was one of the first compact trucks to be made available with four full doors. For a larger, roomier truck with more raw power at the pedal the preferred model would be none other than the Nissan Titan.

It's a large utilitarian behemoth of a truck with enough power to pull even your largest payload with ease. The Nissan Titan is becoming increasingly popular as more American's get behind the wheel. Manufactured in Canton, MS, USA there's no truck that knows American living like a Nissan.

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