Recap: Tokyo Auto Salon 2014 – Motor Trend


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Carmakers focus on racing while cute and cosplay flood the floor

Carmakers focus on racing while cute and cosplay flood the floor

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Presented each year in January with a tsunami of customization, psychedelic colors and outrageous cos-play, Tokyo’s Auto Salon (TAS) is the world’s third largest tuning and custom car show behind America’s SEMA and Germany’s Essen.

Now in its 32nd year, TAS appears to be coming under the influence of Abenomics (Prime Minister Abe’s expansive economic policies) as witnessed by a jump in the number of display cars from 802 last year to 840 this year, while customizer and parts supplier stands climbed to 3,880, up from 3,608.

Highlighted by two world premieres and countless domestic launches, TAS 2014 drew a reported 300,000 visitors through the gates of the Makuhari Messe complex some 30kms east of Tokyo.

The big news at this year’s show, and the only Japanese world premiere, was one that actually wasn’t meant to be. On Subaru’s stand, PR types lifted the covers on the all-new WRX STi, albeit in fully-blown Nurburgring 24-hour spec form. According to my PR contact on hand, Subaru wanted to try to remain low key about this reveal, so as not to rain on the parade of Subaru of America as it unveils the road-going WRX STi at the Detroit Auto Show on January 14.

But hey, when you show a car first – anywhere in the world – that’s defined as a ‘world premiere.’ Subaru HQs in Japan had to shine a spotlight on this car because there is a lot riding on it – like the company’s pride. With the previous WRX STi, Subaru won its class twice in the famed Nurburgring endurance race and it expects to achieve that accolade again this year when the all-new STi attacks Nurburgring on June 19-22. From what we are hearing, the body and suspension setup might be new, but the powertrain in basically a carryover from the outgoing STi. Powered by the same EJ20 2.0-liter boxer turbocharged engine with 6-speed manual transmission generating in excess of 350hp (street version expected to get 320hp) the new machine could slice at least 5 seconds off the current lap time.

The other world premiere was the unnecessarily over-named Mercedes A45 AMG 4MATIC Petronas Green Edition. Boasting the same 360hp 2.0-liter turbocharged engine as the standard A45 AMG, this new version gets unique aeroparts and green paint work that pays homage to company’s F1 car for 2104. Expected to fetch a sticker price of around $100,000, only 30 will be built. With Japan ranked as one of AMG’s strongest markets, it was no surprise to see the company occupying the third largest stand area (after Toyota and Honda) as it displayed 17 vehicles packing a combined horsepower of 6200.

Following on from last year, Toyota and its racing arm Gazoo Racing, displayed dozens of dressed up 86 (Scion FRS) sports cars in conjunction with Subaru, its sister company in this co-developed coupe. The Gazoo Racing 86 tuned by GRMN is a tuned 86 that has received significant feedback from the company’s 86 race car that won its class in the 2012 Nurburgring 24-hour race. Employing numerous revised parts including a new camshaft and piston profile and new exhaust system, the GRMN 86 gets an extra 30 hp over the stock version.

As you might have realized from the above Subaru and Toyota references, the Nurburgring racetrack plays a big part in Japanese car design and performance settings.

In fact, there is one more reference to the famed circuit that came to light while I was chatting with a senior engineer near the Lexus LFA display. It just took one quick look at the two LFAs sitting on the stand to see that one had a longer wheelbase. According to our source, Toyota will be racing two LFAs at Nurburgring this year, one fitted with the standard wheelbase and stock 4.8-liter V10 engine, while the other LFA will incorporate an approximately 20cm longer wheelbase and V10 engine bored out to 5.3-liters. Putting 2 + 2 together, could I have accidentally stumbled over the powertrain for the Lexus LF-LC concept unveiled at Detroit last year and green-lighted for production in early 2013?

Mazda on the other hand, was focusing its concept car designs on American race cars. Inspired by the Skyactiv diesel-powered Grand Am GX Mazda6 which won its class in the Rolex Sports Car Series of 2013, Mazda Japan created the Axela (Mazda3) Sports with unique decals, Recaro racing seats and Sabelt harnesses, as well as 4-pot Brembo brakes. A diesel-powered Atenza (Mazda6) Concept and CX-5 finished in matt black paintwork were also on display as part of a media push to promote the company’s “Be a racing driver” campaign.

Without doubt, one of the biggest drawcards to TAS each year are the crazy machines found at the NATS (Nihon Automobile College) stand. With over 800 students, this college of mechanics, designers, engineers and body repair experts spends many months each year creating around a dozen wacky vehicles that push the limits of the real world. The star of this year’s stand was undoubtedly “Lightning Natseen,” a coupe that recreates the look of Lightning McQueen from “Cars,” but sits on a Nissan 180SX platform and powertrain. Other notable experiments include the Nascar-inspired Nats Prius HB Silhouette Gr. 72, the Mazda RX-7 based Nats REvoltion and a Nats original, the cartoon-inspired EV-sports Prototype 02.

We’d like to say that the highlight of Honda’s stand was the new hybrid NSX or even the 660cc 3-cylinder turbo powered S660, but that was not the case. Sitting in the middle of Honda’s stand was a 660cc minicar called the N-Wagon (spelt N-Wgn in Japanese) “Macaron Color Collection” incorporating a selection of macarons and flowers on the dashboard and a mint and chocolate combination interior trim. One source told us that this spec would target women and would not come with the ribbon on top. Now if this was a macaron delivery vehicle, we’d understand, but, um, it’s not.

And who could ignore the little coupe sitting on the Daihatsu stand? Posing in brown and orange paint, the 660cc “Kopen future included” incorporated a new livery to the car revealed last November at the Tokyo Motor Show.

In addition to exhibiting their limited production 600hp GT-R Nismo, Nissan unveiled the dressed up X-Trail X-Tremer Package Stretched and Nismo March.

Meanwhile, Toyota (Lexus), Nissan and Honda all displayed their new race cars for this year’s Super GT championships.

Two crucial debuts this year for the Big Three are the Cadillac CTS and the Chevy Corvette C7, two versions – including a Hennessy version of which were on display.

And finally…

The zaniest creation at the Salon went to the WiZ International College for its “Munsters-inspired” Mazda MX-5-based hotrod, the cutest dress-up prize went to the 660cc Rilakkuma Suzuki Lapin with the teddy bear themed wheel design, the most powerful gong went to the fully reworked Kansai R35 GT1000 Nissan GT-R pumping out 1000hp/7300rpm, and the raunchiest ‘cos-play’ trophy went to the Wald International Black Bison Mercedes G-Class for their bikini clad ladies when it was just 5C outside.


Rebuilt and Rebuildable Auto Salvage


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Rebuilt and Rebuildable Auto Salvage Vehicles

Auto Salvage provides a chance to save thousands on the most sought-after types of Cars, Trucks, Vans and SUV’s. Auto Salvage is simply a term that refers to cars, trucks, and SUV’s that have been damaged in one form or another. The titles of these cars are labeled as Salvage based on amount of damage, state policy, and insurance company reports. Auto Salvage can refer to everything from Salvage Rebuildable. Rebuilt. Repairable. Storm and Water damage to totaled cars that are for Parts Only.

For anyone looking for a real deal on quality cars, Auto Salvage from Autoworld of America is a surefire way to buy without spending sticker prices and reeling from sticker shock. These vehicles have titles that range from “Salvage ” to “Rebuilt ”, and for the international crowd, “Export Only also known as C/D (Certificate of Destruction ). Auto Salvage also refers to OEM Used Parts and Accessories recovered from Salvage and Damaged Vehicles, also purchased at a highly discounted price.

Our Rebuilt Title vehicles are completely repaired and have passed all the DMV (Department of Motor Vehicles) Inspections so they are ready to be driven off the lot (or the shipping dock). Autoworld of America has more than 25 years of experience in the Auto Salvage industry repairing and rebuilding cars to near-perfection. Rebuilt cars are a reliable way to get a name-brand vehicle at a Salvage price.

Reconditioned vehicles and auto parts are the cheapest way to get a ride. When it comes to getting an American-made. quality car in another country, auto salvage is one of the only affordable options. In most states in the USA, for a car to be considered Salvage it would have a cost of repairs at more than 75% of the value before damage. In some areas, after a 91% damage threshold the car is given a C/D (Certificate of Destruction) or Parts Only Title.

These C/D vehicles offer an even deeper discount, but are often only allowed to be sold as Exports Only. For people around the world seeking cars in the USA at a decent price, Auto Salvage is almost always the cheapest option. There are pros and cons when it comes to Auto Salvage, but the deeply discounted price point trumps all.

New Arrivals at Our Salvage Car Lot


Reach for the Keys with an Auto Loan of Your Choice


#refinance auto loan rates
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Auto Loans

    2015-11-28T06:43CST bvseo_cps, prod_bvrr, vn_cps_3.1.6 cp_1, bvpage1 co_hasreviews, tv_0, tr_350 loc_en_US, sid_AL_Family, PRD, sort_relevancy clientName_applefcu
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Easy Application Process. Quick Decisions. One Great Experience.

Imagine loving your payments as much as you love your new car. It’s possible with our great rates and flexible terms.

Features:
  • Up to 115% financing available
  • Flexible terms up to 84 months
  • No hidden costs or early payoff penalties
  • Guaranteed Savings with our FREE Car Buying Service
  • On-site Apple financing available at Partner Dealerships
  • Easy, online payments in NetBranch Online Banking
  • Apply in a branch, over the phone or online.

Get Pre-approved

Simplify the car buying process and shop like a “cash buyer” with a same-as-cash Apple Auto Loan Check. This helps you focus on the actual selling price of the car, rather than keeping track of the interest rate, down payment, loan term and trade-in. Plus, because you know exactly how much you can spend, you won’t feel pressured into buying outside of your budget. Apply now to get started.

How to Speed Up Your Loan Approval

Save trips to the branch, limit the need for follow-up and get a faster response to your application request. Gather and provide the following documents when you apply for your Auto Loan:

  • Driver’s License, U.S. Military or other state-issued photo identification
  • Recent paystub, W2 and/or filed and signed tax returns (for self-employed individuals)
  • Auto Insurance Declaration Page
    • The auto insurance declaration page is a summary of your auto insurance policy. Declaration pages are issued upon the inception, renewal or revision of a policy and must be submitted to any lienholders.

When you’re ready to buy, we’re here to help!

Ask a Question about our New Auto Loan

Imagine loving your payments as much as you love your new car. It’s possible with our great rates and flexible terms.

Features:
  • Up to 115% financing available
  • Flexible terms up to 84 months
  • No hidden costs or early payoff penalties
  • Guaranteed Savings with our FREE Car Buying Service
  • On-site Apple financing available at Partner Dealerships
  • Easy, online payments in NetBranch Online Banking
  • Apply in a branch, over the phone or online.

Get Pre-approved

Simplify the car buying process and shop like a “cash buyer” with a same-as-cash Apple Auto Loan Check. This helps you focus on the actual selling price of the car, rather than keeping track of the interest rate, down payment, loan term and trade-in. Plus, because you know exactly how much you can spend, you won’t feel pressured into buying outside of your budget. Apply now to get started.

How to Speed Up Your Loan Approval

Save trips to the branch, limit the need for follow-up and get a faster response to your application request. Gather and provide the following documents when you apply for your Auto Loan:

  • Driver’s License, U.S. Military or other state-issued photo identification
  • Recent paystub, W2 and/or filed and signed tax returns (for self-employed individuals)
  • Auto Insurance Declaration Page
    • The auto insurance declaration page is a summary of your auto insurance policy. Declaration pages are issued upon the inception, renewal or revision of a policy and must be submitted to any lienholders.

Apple does not finance used vehicles older than seven (7) model years old.

Ask a Question about our Used Auto Loan

Do you have an auto loan with another financial institution? See if Apple can lower your monthly payments!

Features:
  • Up to 115% financing available
  • Flexible terms up to 72 months
  • Vehicles up to 7 model years old are eligible
  • No hidden costs or early payoff penalties
  • Easy, online payments in NetBranch Online Banking
  • Apply in a branch, over the phone or online.

How to Speed Up Your Loan Approval

Save trips to the branch, limit the need for follow-up and get a faster response to your application request. Gather and provide the following documents when you apply for your Auto Loan:

  • Driver’s License, U.S. Military or other state-issued photo identification
  • Recent paystub, W2 and/or filed and signed tax returns (for self-employed individuals)
  • Auto Insurance Declaration Page
    • The auto insurance declaration page is a summary of your auto insurance policy. Declaration pages are issued upon the inception, renewal or revision of a policy and must be submitted to any lienholders.
  • Current Lienholder name and payoff address
  • 10-day payoff amount
  • VIN and other vehicle information, including mileage and features.

When you’re ready to refinance, we’re here to help!


Quicken Auto Transport


#auto transport reviews
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Experience. Reliability. Trust.

Quicken Auto Transport started out as a small, family-owned and operated business, and although we have quickly grown into one of the Nation’s leaders in Auto Transport after delivering over 3,000 vehicles in our first year, we are still the same family-owned and operated business.

We realize that in today’s market, choosing the right company to ship your vehicle can be a bit challenging, which is why our transport specialists work around the clock to earn the trust of our customers. We treat each and every transport like we’re hauling one of our family members’ vehicles.

Whether you’re in need of an enclosed carrier, open carrier or even need your vehicle shipped overseas; Put our team to work for you.

If you have never shipped a vehicle before, you will quickly learn that the whole process can be a little bit overwhelming. You’re letting somebody that you have never met take possession of your vehicle and ship it hundreds, or thousands of miles away. Trusting somebody to do that is not easy, and we understand that. Let our track record speak for itself. We have over 3,000 vehicles shipped successfully, and are a 5-star rated company on Transport Reviews.

Coast to Coast Auto Transportation

Whether you need your vehicle shipped from Boston to Florida, Seattle to Texas or Los Angeles to New York, our transport specialists will ensure that your vehicle arrives safely and in a timely manner. Quicken Auto Transport is fully licensed and insured to transport anything from pick-up trucks to SUV’s – to exotic cars and motorcycles.

Here are some of the things Quicken Auto Transport offers its customers:

  • No Hidden Fees
  • Free Accurate Quotes
  • Door to Door Service
  • No Switching of trucks or terminals
  • 100% Satisfaction Guarantee on ALL Transports
  • Knowledgeable and professional team members
  • Fully insured and bonded carriers
  • Enclosed Carriers
  • Licensed by the FMSCA (Federal Motor Safety Carrier Administration)

US DOT ID # 2474420 – Motor Carrier # MC853069


Q Auto Transport


#auto transport
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About Us

At Q Auto Transport ® we emphasize on quality in every step of interaction with our clients when moving their vehicles. With a combined experience of 21 years years, our associates know the intricate industry of auto shipping and can guide you step by step to get your vehicle transported with ease and peace of mind.

With a crowded market place, choosing a transport company could be confusing, and at times a frustrating experience and that s where we come in. As we go beyond trying to get your business, in becoming your adviser on choosing the right service and even the right company that will do the job.

With many of your questions being answered in this web site, if we missed any thing, please feel free to drop us an email or contact us by phone as we strive to answer all your questions and be there when you need help. Our associates will provide you their direct phone numbers and extensions so you can reach us. That is our commitment to you and to customer service.

Having a network of over a 3500 carriers nationwide gives us the flexibility and the reach across the county to cover any vehicle move regardless of the location. Our partner carriers vary in size and in capacity. from hot shots, open car carriers to enclosed auto transporters when you need them for your vintage or exotic vehicles.

Motorcycle transport is one of our specialties. With discounted rates, we are one of the few companies that have access to specialized motorcycle transport carriers.


PYRAMID MOTORS PUBLIC AUTO AUCTION – Used Cars – Pueblo CO Dealer


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PYRAMID MOTORS PUBLIC AUTO AUCTION – Pueblo CO, 81008

Welcome to PYRAMID MOTORS PUBLIC AUTO AUCTION Used Cars, Used Pickup Trucks of Pueblo CO

Stop by and visit us today at PYRAMID MOTORS PUBLIC AUTO AUCTION of Pueblo today serving Fountain, Pueblo, Fountain, Pueblo area. We are your local Pueblo Used Cars, Used Pickup Trucks dealership. We take pride in the Used Cars, Pickup Trucks we sell and strive to succeed in great customer experience and satisfaction.

Visit our PYRAMID MOTORS PUBLIC AUTO AUCTION and view our Used Cars. Used Pickups For Sale inventory. Whether you are looking for a Pueblo used cars for sale, used vehicles, usedcars, pre-owned cars, used pickup trucks, trucks, pickups, pick up trucks our friendly staff at PYRAMID MOTORS PUBLIC AUTO AUCTION of Pueblo are eager to assist you in your Used Cars, Pickup Trucks buying process. Give us a call at 719-547-3585.

At PYRAMID MOTORS PUBLIC AUTO AUCTION of Pueblo we give you easy access to the most up-to-date internet Used Cars, Pickup Trucks buying tools. You can quickly view our online used cars for sale, used vehicles, usedcars, pre-owned cars, used pickup trucks, trucks, pickups, pick up trucks inventory. We at PYRAMID MOTORS PUBLIC AUTO AUCTION look forward to serving your Used Cars, Pickup Trucks needs and we hope that we can help you with your Pueblo Used Cars. Used Pickups For Sale purchase. We have helped customers from Pueblo, Fountain, Pueblo with their Used Cars, Used Pickup Trucks needs and we look forward to helping you too.

We at PYRAMID MOTORS PUBLIC AUTO AUCTION look forward to serving your automotive needs and we hope that we can help you with your next Used Cars. Used Pickups For Sale inventory needs. We have helped customers from Fountain, Pueblo with their used cars for sale, used vehicles, usedcars, pre-owned cars, used pickup trucks, trucks, pickups, pick up trucks needs and we look forward to helping you too. PYRAMID MOTORS PUBLIC AUTO AUCTION, a Fountain serving CO dealer is one of the many Used Cars, Used Pickup Trucks lots that sells Used Cars. Used Pickups For Sale inventory to customers in the surrounding cities such as Fountain, Pueblo. We carry a complete selection of used cars for sale, used vehicles, usedcars, pre-owned cars, used pickup trucks, trucks, pickups, pick up trucks available in our dealership located in Pueblo, CO. At PYRAMID MOTORS PUBLIC AUTO AUCTION, we like to think of ourselves as your place to go for all your Pueblo Used Cars, Used Pickup Trucks needs. At PYRAMID MOTORS PUBLIC AUTO AUCTION in CO, customer service is our philosophy.

Pueblo Used Cars, Used Pickup Trucks | Fountain Used Cars, Used Pickup Trucks | Pueblo Used Cars, Used Pickup Trucks | Pueblo Used Cars. Used Pickups For Sale | Fountain Used Cars. Used Pickups For Sale | Pueblo Used Cars. Used Pickups For Sale

PYRAMID MOTORS PUBLIC AUTO AUCTION – Used Cars, Used Pickup Trucks Pueblo, CO

PYRAMID MOTORS PUBLIC AUTO AUCTION


Progressive Auto Insurance – Auto Insurance – 6300 Wilson Mills Rd – Mayfield, OH – Reviews – Photos


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#

Recommended Reviews

Very disappointed. Been a loyal customer over 10 years. Car totaled when I hit an elk. Progressive within two days determined car was… Read More

I have, rather *had* been a Progressive customer for many years.  6 Months ago my rates spiked 35%.  I called.  And called.  And called.… Read More

I have, rather *had* been a Progressive customer for many years.  6 Months ago my rates spiked 35%.  I called.  And called.  And called.  Always polite.  Tyring to find out what caused the dramatic rate increase.  After 35 years of a pristine driving record.  Putting a massive 3000 miles total on my car.  It is all there.

I know. stupid civilian me.

I am not blind.  I had hoped for at least an educated explanation.

I know, stupid me.

See my rating for the opinion.  If I could place a lower rating I would.  It was not just facing disappointment, it was dealing with incompetance.  Not one customer service agent, out of would say 5, could have passed their GED.  Forget that. not one would engage, dial in, and go to bat.  I know. corporate scripts to read from.  I am not stupid.  Which is why I called repeatedly looking for just an explanation.

Epic Fail.  Somewhere along the line someone could have grabbed the brass ring and helped.  Nawp.

So I went with my mortgage company which in the past has been absolutely stellar, coming to our need after a total house fire and being absolutely top shelf.  I mention State Farm because I wish I had combined auto with home long before, having had a real person who will answer your needs matters, and we have had direct experience with State Farm and they were supreme. while Progressive, when I was just looking for simple answers to my question produced Epic Fail.

Cute commercials.  Performance however. words removed because I am a gentleman.

Am bummed.  For about a minute.  Moving on.  And have a story to tell.


Prime Choice Auto Parts And Service Ottawa


#prime choice auto parts
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Prime Choice Auto Parts And Service

You already know Prime Choice as Ottawa s source for low cost, high quality auto parts. Prime Choice is now your ultimate source for all things vehicle repair, by offering exceptional vehicle service in addition to our low priced parts. Nowhere else can you save up to 70% on auto parts, then save again on repairs all under one roof.

Prime Choice stocks a wide range of products for any vehicle need. Our massive inventory includes

hub bearings, axle shafts, ball joints, tie rods, suspension conversion kits, shocks, struts, control arms, starters, alternators, spark plugs, ignition wires, vehicle lights, brake rotors, brake pads, brake hardware, air filters, fuel filters, oil filters, transmission filters, wipers, window regulators, serpentine belts, timing belts, fuel pump assemblies, oxygen sensors, radiators, mirrors, mufflers, and more!

Or expert mechanics have been serving the Ottawa area for over 35 years, and in that time they ve taken on any challenge presented to them. At Prime Choice, you ll also save big on service, up to 50% off the regular service rate of some other garages in town. There s no end to how much you stand to save when you buy parts and book service with Prime Choice!

We specialize in all aspects of vehicle repair. Our service experts are Ottawa s top choices for brake and tire service, as well as safety inspections, oil changes, light replacements, engine repair, suspension service, fluid changes and flushes, and much more. You can count on our reliable service and our quality parts to keep your vehicle running its very best for thousands of kilometers to come.

By combining our incredible prices on auto parts with our expert service mechanics, we re able to treat your car to the service and parts it deserves. Get the complete package on vehicle maintenance without any compromises, only from Prime Choice Auto Parts and Service.


Private Party Auto Loans: Loan Requirements for Approval.


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Private Party Auto Loans: Loan Requirements for Approval

The way private party auto loans are set up is similar to that of dealer auto loans. There are only a few differences between the two types. When you arrive at a dealership, everything is right before you during the sale process. Purchasing a new or used vehicle from a private owner requires you to go through all of these steps individually. This article will explain the main differences between a dealer loan and a private party auto loan.

Interest Rates

This rate can vary from 1% to 2% higher. It will also be dependant on your own personal credit score, your payment history, whether you have a co-signer or not and might include items such as your income level and length of employment. The higher your credit score is, the lower rate of interest you will be offered. If you can easily be approved for a dealer loan, then a private party auto loan will be as easy.

A dealer loan is typically a 72 month loan. A private party auto loan is no longer than 48 months. With this shorter term and higher interest rate, your monthly payment might be higher than a dealer loan but you will actually be paying less interest overall. More money will be set toward the purchase price of your vehicle. If you can afford the higher monthly payment, it s a good practice to choose a shorter term loan so less money will be paid in interest.

Down Payment

Having a down payment is often not necessary when obtaining a private party auto loan. Dealers oftentimes require you to place some amount of money down on your new vehicle unless your credit score is outstanding. With receiving a private party auto loan, down-payments are not necessary but are recommended. It s always a good practice to place around 20% of the total vehicle price down on the loan. It will lower the loan amount of the vehicle which will reduce the loan amount overall.

You will need to pay for and apply for the tax, tag and title for the vehicle. These costs will not be included into your private party auto loan. A dealer loan has the ability to roll all of these additional costs into their loan. A private party auto loan is simply just for the vehicle price itself. Nothing more can nor will be figured into the loan amount. Be prepared to cover these additional costs upfront.

As you can see, applying for a private party auto loan has its own beneficial side. You will receive a good price on your used vehicle, save money on interest by having a choice on the terms and be able to own the vehicle sooner than that of a dealer. If you re in the market for a vehicle, it will serve you well to look at the Private Owner section as well as the Dealer section for your future vehicle.


Private Party Auto Loans With Bad Credit


#private party auto loans
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Private Party Auto Loans With Bad Credit

April 12, 2013

Private party auto loans are one option for auto purchase financing. Private party loans often require thorough documentation, but may be a more available and reasonable option for individuals with less-than-perfect credit history.

CarsDirect Financing

CarsDirect helps more credit-challenged customers find car loans than any other website in the country. The company works with a network of dealers who specialize in car loan financing. The dealer has access to a number of financial institutions and will shop around to find you the best deal. Just fill out a simple application and you will be on your way to receiving a car loan.

What Is a Private Party Car Loan?

A private party auto loan is a used car loan that allows you to finance a vehicle through a private party or individual in place of a dealership. There are many advantages to opting for a private party loan, and depending on your circumstances it could save you a lot of money.

Private Party Auto Loan Advantages

Going with a private party car loan opens up several options to you as a consumer. There are a number of banks, credit unions and financial institutions with varying car loan rates all competing to service you. The Internet is a great resource to compare rates from different companies, and there are online brokers that will connect you directly with an auto loan lender to give you a quote within minutes.

If you have bad credit then a private party loan is probably your best bet. Because you can pick which loans to apply for, you can choose only loans that are accepting of people with a bad credit rating. It’s important to realize that getting turned down on a loan can actually lower your credit score. You will also be able to find private party loans that do not require a down-payment, however if possible it’s recommended to pay at least a little up front to lower your monthly bill. Private party loans typically have shorter payback periods resulting in higher interest rates. However, don’t be put off by this because you can actually end up paying more on a loan with a longer payback period even if it has a lower interest rate. Also, with a shorter payback period It is more likely that your car will still be worth something when you are done paying off your loan.

Private party auto loans can also give you an advantage when negotiating with the person selling the car. Used car salesmen working at dealerships are trying to sell several cars to multiple people on a daily basis. This means that their knowledge of a car in question can only run so deep. With a private party loan you are typically dealing with the previous owner of the car so you should be able to get better information about the vehicle’s history and any problems you should be aware of before you buy it. Another advantage in the negotiation process with private party loans is that you have to be approved before you make an offer for a car, and therefore you already know your spending limit. This allows you to take a hard stand with people when negotiating the price you can afford to pay, whereas a dealer may try to persuade you to borrow more through their financial services.

Private Party Auto Loan Disadvantages

There are several disadvantages to this kind of car purchase loan.

Loan Term

One of the disadvantages of private party loans is the length of the loan term. For auto purchase loans, the loan term length can be as long as six years. However, private party loans often are for a substantially shorter length of time. Usually, the a private party loan is offered for a maximum of four years or 48 months and very often private party loans are only offered for 36 months. For a borrower who is looking for a much longer period to finance the purchase of their car – and lower their monthly payments as a result – a private party loan can have serious disadvantages.

The ultimate result of a shorter loan term is that you are paying the same principal for the purchase of the car, but you are paying a higher amount of interest. This results in higher monthly payments, overall when compared to auto loans that are financed through a dealership finance company.

Interest Rates

Another disadvantage of private party loans are the standard interest rates charged for these kinds of auto purchases. Typically, car loans obtained from the dealership may have largely reduced interest rates and may even be offered at zero interest if certain restrictions and requirements are met at the time of purchase. However, it is also possible to comparison shop for favorable interest rates if a borrower is able to dedicate enough time to this task.

Dealer Incentives

One of the features that many dealerships have been advertising of late are dealer incentives that provide for purchase security should a borrower lose their job or income. However, in order to take advantage of these incentives, a borrower must make their purchase finance arrangements through the dealer financing company. By using private party loans, borrowers eliminate their ability to take advantage of these incentives, which could be significant if they find themselves without a job and unable to meet their financial obligations as a result.

Negotiating Disadvantage

The entire process of purchasing a car usually involves a great degree of negotiation, including not just the purchase price, but also the interest rate and the monthly payments. In most cases private party loans require pre-approval before the actual purchase of a car. This greatly reduces the ability of a borrower to negotiate since they are already locked into their loan obligation when they walk into the dealership.

This can also be somewhat of a disadvantage even if purchasing a car from a private party, since pre-approval is usually needed before even approaching a seller. Here again, borrowers may find themselves locked into a loan that is larger than their actual needs and regret it every time they make their monthly payment.

While private party auto loans can be an attractive option in dealing with a finance department of a dealership, they offer specific and significant disadvantages when it comes to the length of the loan, interest rates and ability to negotiate those rates and monthly payments.

How to Research Private Party Auto Loans

If you are car shopping and looking to purchase a used car from someone other than a car dealer, you will probably need to research some private party car loans. Use the following steps when conducting your research.

  1. Find lenders. Since the only difference between a private party auto loan and a traditional car loan is the fact that no dealer is involved, regular lenders will likely be able to supply you with a loan. The only lenders which are now out of the picture are captive finance companies, meaning that banks are still viable loan sources. Other options when looking for a private party loan are local credit unions. You may find them online or in a phonebook.
  2. Submit loan applications. The lenders you find will be able to guide you through the loan approval process. You should be 18 years of age or older; have proof of income of at least $1,800 a month; have proof of residence; not be bankrupt; and have a social security number. More may be required by certain lenders and they will tell you if this is so.
  3. Compare approvals. After submitting applications and getting approvals, you may compare them to find the best deals. Details to compare are loan rates, additional fees and any special options which you feel will be beneficial.
  4. See what kind of interest rates you can get

Researching private party auto loans can help you purchase a used car and save money on the loan for the best deal possible.