WA State Licensing (DOL) Official Site: Transfer ownership of a vehicle when buying from a private party #auto #connection


#auto bill of sale
#

2. Gather the information you ll need

Find out how much it will cost by contacting a vehicle licensing office location .

3. Complete all necessary forms

  • Vehicle/Vessel Bill of Sale Completed by you and the seller.
    • Enter sale price This is used to calculate the use tax .
    • Enter zero if it s a gift or inheritance.
  • Vehicle Certificate of Ownership (Title) Application Sign it in front of a:
    • notary public, or
    • licensing agent at an office .

4. Submit your forms and payment

Submit the following to an office :

  • Vehicle/Vessel Bill of Sale,
  • Vehicle Certificate of Ownership (Title) Application,
  • The current vehicle title, and
  • Payment contact an office for the exact amount.

If needed, also submit:

  • Emissions testing report,
  • Affidavit of Loss/Release of Interest, or
  • Odometer Disclosure Statement.

Getting your title

How quickly do you want your title?

  • You can visit or mail your forms and payment to an office .
  • It will take 8 10 weeks to get your title.

If you need it faster than 8 10 weeks:

  • You can visit or mail your forms and fees to a Quick Title office * .
  • It ll cost $50 plus the title fees.

* Note: Quick titles aren t available for snowmobiles, vehicles or boats reported as stolen, insurance or wrecker-destroyed vehicles and boats, or vehicles with WA Rebuilt on the title.

5. Get new license plates

Since the vehicle has changed ownership, you ll need to get new plates.

There are exceptions Plates don t need to be replaced if:

  • You re removing a deceased spouse or domestic partner from the title.
  • You got your vehicle from:
    • your spouse or domestic partner,
    • a family member as a gift or inheritance, or
    • a trust in which the registered owner or their immediate family members are the beneficiaries of the trust.

6. Add the vehicle to your License eXpress account

  • See when your vehicle s tabs are due.
  • Make sure your address is up-to-date.
  • Sign-up or update email renewal notices and more.

CARSTAR Auto Body Repair Experts offers financing for your vehicle repair when you have an auto accident. #used #hondas


#auto collision repair
#

Financing

It s traumatic enough to be in an accident. Unfortunately, paying for the repairs afterward can be just as stressful. You need your car now, even if you don t have the money now, because life won t wait around for you. That s why CARSTAR offers the CarCareONE credit card. Rest easy and get your car fixed, then pay for it later down the road.

No Interest If Paid In Full In 6 months* on purchases of $299 or more with your CARSTAR/CarCareONESM card. Interest will be charged to your account from the purchase date if the promotion balance including optional charges, is not paid in full within 6 months or if you make a late payment. Minimum Monthly Payments Required. Click here to download a financing application form.

*Valid on minimum purchase of $299 on CARSTAR/CarCareONESM card account. On promo purchase balance, monthly payments required, but no Finance Charges will be assessed if (1) promo purchase balance paid in full in 6 months and (2) all minimum monthly payments on account paid when due. Otherwise, promo may be terminated and treated as a non-promo balance. Finance Charges accrued at the Purchase APR will be assessed from purchase date. Regular rates apply to non-promo balances, including optional charges. Promo purchases on existing accounts may not receive full benefit of promo terms, including reduced APR if applicable, if account is subject to Penalty APR. Payments over the minimum will be applied as required by applicable law. As of 9/20/2012, APR 28.99% on all accounts in default, Penalty APR: 29.99% . Minimum Finance Charge $2.00. Subject to approval by GE Money Bank.


Long Island Divorce Lawyer – Nassau County Family Law Attorney – Law Office of Darren M #call #516-333-6555, #effective #divorce #and #family #law #mediator, #a #lawyer #that #wants #to #resolve #expeditiously #in #a #good #way #for #you # # #but #fights #hard #when #called #for!


#

Long Island Divorce Lawyer

Darren M. Shapiro, Esq. provides effective and reasonable solutions for matrimonial and family law issues as an attorney or mediator. His straight talk, approachability, tenacity and years of experience with divorce and family law cases, make this office the right selection for many individuals or couples that have divorce, separation, child custody, support, order of protection and other family law needs. Couples contemplating mediation are encouraged to come in for a half hour no fee consultation. Individuals seeking the representation of a Long Island divorce attorney, please call for a free initial consultation either on the phone or in the office.

Situated in Nassau County, nestled in between Queens and Suffolk, this office services people and cases throughout the Long Island and New York City region. The Law and Mediation Office of Darren M. Shapiro, Esq. has a toolbox of litigation, collaborative law and mediation skills to find the approach that fits each individual and family. Divorce, Separation. Child Custody. Child Support. Prenuptial Agreements, and Postnuptial Agreements are all areas of law that are handled by this office and can be tackled through mediation, collaborative law or litigation. Orders of Protection, also known as Family Offense proceedings, are a major area of law this office handles but are usually not handled in a mediation or collaborative law context because of the behavior that is the subject matter of these cases.

There are many aspects to matrimonial cases that need to be addressed, in an agreement or stipulation of settlement, that are subjects that Mr. Shapiro has gained a great deal of experience with over the years in Supreme Court, Family Court and in the office working with couples in mediation or through consultations with individuals. When a separating couple has children, child custody, parenting time aka visitation and child support have to be resolved. With or without children, married couples have to consider whether alimony, which is now called maintenance, will be required and if so how much and for how long. Equitable distribution of marital assets, including retirement benefits, identification of separate property and an allocation of marital debt should be discussed in any pre or post nuptial agreement, separation agreement, judge s order, or stipulation of settlement of a divorce.

The goal of this office, whether acting as your lawyer or mediator, is to get you through the process, with results that meet your wishes and needs, as expeditiously as possible. When people come here, there is some family law issue that needs addressing. We are going to do our best to resolve this issue or issues, so that your problems are in the rear view mirror, so to speak, sooner rather than later.

If Darren is your Long Island divorce lawyer, we will discuss your desires and explore if a settlement can be reached on your case right away. Sometimes a settlement is not possible at the outset. In that case, he will fight hard for your cause. Often, after some litigation, a settlement is obtainable. Other times, cases require a hearing or trial. Mr. Shapiro can zealously represent you through the whole process. In a collaborative law case, he will provide you with the personal legal advice that you need to hear. All the while, in collaborative matters, we will be working with the other lawyer(s), coaches, professionals and parties that are involved to craft a practical solution for you and your children that makes sense and will hopefully withstand the test of time. As a mediator, Darren will try to get you to form an agreement as quickly as possible. However, if time is needed to sort through the issues in mediation, he is patient and available, until an agreement that makes sense to both of you is constructed.

Click around the website, watch the videos, and read the blog entries to learn more about particular topics. Please call for your free initial consultation. It will be our pleasure to speak with you about your situation.

Darren was excellent in court and able to negotiate a fair settlement in my Child support case.

Hands down, he is the best att’y I have ever dealt with. He is thorough, objective, and above all, extremely dedicated.

  • Five Things You Might Not Know about New York Child Support Today’s blog is a blend of some of my prior blogs and/or website articles over the years on child support. As a New York divorce lawyer and family law
  • Serving a Summons with Notice in a New York Divorce Divorces in New York follow many of the same procedures as other lawsuits. The plaintiff spouse filing must provide the defendant spouse with notice
  • Long Island Court Grants Legal Custody of Child to Three People Laws relating to child custody have gone through a number of significant changes in recent years, which largely reflect the fact that the concept of

WA State Licensing (DOL) Official Site: Transfer ownership of a vehicle when buying from a private party #auto #parts #online


#auto bill of sale
#

2. Gather the information you ll need

Find out how much it will cost by contacting a vehicle licensing office location .

3. Complete all necessary forms

  • Vehicle/Vessel Bill of Sale Completed by you and the seller.
    • Enter sale price This is used to calculate the use tax .
    • Enter zero if it s a gift or inheritance.
  • Vehicle Certificate of Ownership (Title) Application Sign it in front of a:
    • notary public, or
    • licensing agent at an office .

4. Submit your forms and payment

Submit the following to an office :

  • Vehicle/Vessel Bill of Sale,
  • Vehicle Certificate of Ownership (Title) Application,
  • The current vehicle title, and
  • Payment contact an office for the exact amount.

If needed, also submit:

  • Emissions testing report,
  • Affidavit of Loss/Release of Interest, or
  • Odometer Disclosure Statement.

Getting your title

How quickly do you want your title?

  • You can visit or mail your forms and payment to an office .
  • It will take 8 10 weeks to get your title.

If you need it faster than 8 10 weeks:

  • You can visit or mail your forms and fees to a Quick Title office * .
  • It ll cost $50 plus the title fees.

* Note: Quick titles aren t available for snowmobiles, vehicles or boats reported as stolen, insurance or wrecker-destroyed vehicles and boats, or vehicles with WA Rebuilt on the title.

5. Get new license plates

Since the vehicle has changed ownership, you ll need to get new plates.

There are exceptions Plates don t need to be replaced if:

  • You re removing a deceased spouse or domestic partner from the title.
  • You got your vehicle from:
    • your spouse or domestic partner,
    • a family member as a gift or inheritance, or
    • a trust in which the registered owner or their immediate family members are the beneficiaries of the trust.

6. Add the vehicle to your License eXpress account

  • See when your vehicle s tabs are due.
  • Make sure your address is up-to-date.
  • Sign-up or update email renewal notices and more.

Mortgage Refinance in Canada #when #to #refinance #a #mortgage


#

Mortgage refinance

A mortgage pre-approval shows you, the homebuyer, what value of home you can afford, and the mortgage payments associated with various purchase prices. It also guarantees a mortgage rate for a period of time; therefore, protecting you against potential rate increases. You are not obligated to the bank or mortgage broker to whom you received your mortgage pre-approval, and there is no cost. So, there is limited downside to obtaining a pre-approval.

Refinance at a lower mortgage

Build a stronger financial future today: let RateHub.ca connect you to Canada s best mortgage rates.

Best variable rates 1.75 %

Reasons to refinance your mortgage

1. To take advantge of low interest rates

Don’t let penalties deter you; first, know the numbers. Breaking your contract for a lower interest rate can save you money over time, depending on the penalty and the size of your outstanding mortgage. If you hold a variable rate mortgage, then expect to pay a penalty of three months interest, and if you hold a fixed rate mortgage, then you will pay the greater of three months interest or interest rate differential penalty (IRD).

2. To access equity (cash) in your home

By refinancing, you can access up to 80% of your home’s value less any outstanding mortgages. That’s extra money for investment opportunities, home renovations, or your children’s education. There are several ways to access this equity including breaking your mortgage, taking on a home equity line of credit or blending and extending your mortgage with your current lender.

3. To consolidate debt

If you have enough equity in your home, you will be able to pay-out high-interest debt through a refinance. For example, if you have a number of outstanding debts, such as a car loan, a line of credit, or credit card bills, you may be able to consolidate all of the debt through the variety of refinance options available.

Methods of refinancing your mortgage

There are several options available to you when considering a refinance which include: breaking your mortgage contract early, taking out a home equity line of credit or blending and extending your mortgage with your current lender.

1. Break your existing mortgage contract early

You would consider breaking your mortgage early if you wanted to obtain a lower interest rate or access equity from your home. In this case you eliminate your existing mortgage and take on a brand new one with any lender.

2. Add a home equity line of credit

A home equity line of credit gives you access to the equity in your home at your own discretion. You are responsible for interest only payments each month on the outstanding balance. You can access a home equity line of credit through your existing lender and a small subset of other lenders.

3. Blend and extend your existing mortgage

Your existing mortgage lender may offer you a ‘blended rate’; essentially, a ‘blend’ of your current mortgage rate plus any additional money you borrow at current market rates. Blended rates are almost always higher than the most competitive mortgage rates on the market, so make sure you compare the blended rate against the savings if you break your mortgage.

Costs of refinancing your mortgage

The cost to refinance your mortgage depends on the strategy you use to access equity or lower your interest rate. No matter which strategy you use you will always incur legal costs as a laywer must change the financing on title. The good news is if your mortgage balance is greater than $200,000, many brokers and/or lenders will cover this cost.

If you are breaking your mortgage in the middle of your term to access equity or lower your interest rate your lender will charge you a prepayment penalty. For fixed mortgage rates this penalty is the greater of three months interest or the interest rate differential payment (IRD). For variable mortgage rates this is simply three months interest.

Calculate your Mortgage Penalty

Thinking about breaking your mortgage early? Let RateHub help you calculate your refinance penalty.

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When to Refinance – State Farm. #a-1 #auto #parts


#refinancing auto loan
#

When to Refinance

Home mortgage refinancing is always an option, but it does not always make good financial sense for everyone.

When Should I Refinance My Home Mortgage?

There are three options to consider when refinancing:

  • Do you want to obtain a lower monthly payment?
  • Do you want to pay off your mortgage early?
  • Do you want a lower monthly payment without lengthening the term of your loan?

In addition to these options, also consider how long it will take you to get back the money you spend on your home mortgage refinance closing costs with the savings in your monthly payments.

You need to know your current rate and the rate at which you would refinance.

Virtually all home mortgage refinances at a lower rate will pay for your home mortgage refinance costs eventually. The questions become:

  • How soon do you want to realize these savings?
  • Will you realize these savings before you expect to purchase another home?

If you expect to live in your home for another three to five years, your monthly savings will generally offset the costs of your home mortgage refinance within that time.

If you plan to stay in your property for a shorter period, or if it will take significantly longer to recognize your monthly savings, you may want to consider other options.

You may also want to evaluate how many years will be added to your mortgage payments. You may not want to add another 10 or 15 years to your mortgage payments if you only have 10 years remaining.

You may want to pay off your mortgage early. To do this, consider refinancing to the lower payment, but continue making a higher payment to pay off the mortgage early.

Finally, you may not want to extend the term of your loan. Review the new rate and payment based on the remaining years you have left on your current mortgage and determine if you have monthly savings.

How Much Can I Expect In Home Mortgage Refinancing Costs?

Home mortgage refinancing costs are very much like the costs paid for your original mortgage. These costs may include, but are not limited to:

  • Appraisal fee
  • Property survey
  • Hazard insurance
  • Attorney/legal fees
  • Mortgage insurance, if applicable
  • Loan origination fees
  • Title search/insurance fees
  • Credit report fee
  • Flood determination fee

The sum of these fees could cost you up to 2-5% of the loan amount, depending on your property location. But there are options available to deal with these costs.

Depending on what you are trying to accomplish, a home equity loan or line of credit may be the right option. State Farm Bank can help you unlock the value of your home. A State Farm Bank Home Equity Loan or Home Equity Line of Credit can help you tap into the equity you have built up to accomplish any number of tasks:

  • Consolidation of high interest debt
  • Home improvements
  • Education expenses
  • Medical expenses

This information is intended to help you ask the right questions when considering a possible refinancing of your loan or a home equity product. For more information, contact a participating bank agent in your area or call State Farm Bank toll-free 888-556-3498.


WA State Licensing (DOL) Official Site: Transfer ownership of a vehicle when buying from a private party #auto #shipping #rates


#auto bill of sale
#

2. Gather the information you ll need

Find out how much it will cost by contacting a vehicle licensing office location .

3. Complete all necessary forms

  • Vehicle/Vessel Bill of Sale Completed by you and the seller.
    • Enter sale price This is used to calculate the use tax .
    • Enter zero if it s a gift or inheritance.
  • Vehicle Certificate of Ownership (Title) Application Sign it in front of a:
    • notary public, or
    • licensing agent at an office .

4. Submit your forms and payment

Submit the following to an office :

  • Vehicle/Vessel Bill of Sale,
  • Vehicle Certificate of Ownership (Title) Application,
  • The current vehicle title, and
  • Payment contact an office for the exact amount.

If needed, also submit:

  • Emissions testing report,
  • Affidavit of Loss/Release of Interest, or
  • Odometer Disclosure Statement.

Getting your title

How quickly do you want your title?

  • You can visit or mail your forms and payment to an office .
  • It will take 8 10 weeks to get your title.

If you need it faster than 8 10 weeks:

  • You can visit or mail your forms and fees to a Quick Title office * .
  • It ll cost $50 plus the title fees.

* Note: Quick titles aren t available for snowmobiles, vehicles or boats reported as stolen, insurance or wrecker-destroyed vehicles and boats, or vehicles with WA Rebuilt on the title.

5. Get new license plates

Since the vehicle has changed ownership, you ll need to get new plates.

There are exceptions Plates don t need to be replaced if:

  • You re removing a deceased spouse or domestic partner from the title.
  • You got your vehicle from:
    • your spouse or domestic partner,
    • a family member as a gift or inheritance, or
    • a trust in which the registered owner or their immediate family members are the beneficiaries of the trust.

6. Add the vehicle to your License eXpress account

  • See when your vehicle s tabs are due.
  • Make sure your address is up-to-date.
  • Sign-up or update email renewal notices and more.

Top 5 Biggest Mistakes to Avoid When Buying a Car #used #cars #online


#buying a car
#

Top 5 Biggest Mistakes to Avoid When Buying a Car

Continue Reading Below

5 Car Buying Mistakes to Avoid

When you re in the market for a new vehicle, the best thing you can do for yourself is be prepared. So here are the 5 biggest mistakes to avoid when purchasing your next vehicle:

  1. Thinking in terms of monthly payment. Not very many people walk into a car dealership and plan on writing a check or paying cash for their vehicle, and the salespeople know this. In fact, many of them rely on this fact in their sales pitch. This also explains why the negotiation almost always revolves around how much you can afford to pay for the car each month. But focusing on a monthly budget is by far the easiest way to spend too much on your next vehicle. When negotiating a price, the dealer can do a number of things to make almost any vehicle fit your budget. They can do this by adjusting interest on the interest rate. offer you a longer term on the loan, or restructure the financing in a way that creates a payment that fits into your budget. It may not seem like a big deal, but even a few extra percentage points or an additional year on the loan can add thousands of dollars to the total cost of the vehicle. When the average car payment in the U.S. has been between $471 and $482 per month for the last few years, it s worth looking at what that money is actually getting you.
  1. Buying new versus used. A vehicle is not an investment – at least not a good one. Vehicles depreciate in value quickly, so when you buy a new vehicle, you can expect it to continuously decrease in value from the moment you take ownership. In fact, a new car typically decreases in value by 25%-40% in the first two years. The best thing you can do is to let someone else take the initial 40% hit by buying a slightly used vehicle that is a year or two old.

Years ago, there was a good reason to buy new and that was for the warranty. Today, most vehicles have longer warranties that can still be in effect even if you buy a car that is a few years old. Additionally, you can often opt to purchase an extended warranty, which is typically far cheaper than the value the car lost in the first year or two.

Continue Reading Below

  1. Choosing the wrong vehicle. Are you a single person who needs a vehicle just to get you to and from work every day? Then you probably don’t need that $45,000 SUV that seats eight and can tow 5,000 pounds. You want a vehicle that meets your specific needs. Sure, there are a lot of cars and trucks out there that will turn heads, but keep in mind that many of these will come at a premium.
  • Not taking into consideration other costs. The actual cost of the vehicle is important, but what is often overlooked are all of the hidden long-term maintenance and insurance costs that go along with a vehicle. Keep in mind that car insurance premiums typically increase with the value of a vehicle, so buying a more expensive vehicle will increase your annual insurance costs. This can amount to hundreds, if not a thousand dollars or more per year.

    In addition to insurance, you have to take into account all of the maintenance costs. Vehicles need oil changes, new brakes, air filters, tires, and much more. Luxury or performance models are generally going to require higher end replacement parts that can cost much more than their standard counterpart.

    Finally, you need to consider gas consumption. The average person will drive between 10,000 and 15,000 miles per year. A vehicle that gets an average of 30 miles per gallon with today’s gas prices. you can expect to spend between $1,000 and $1,500 per year on gas alone. Now, consider a vehicle that only gets about 15 miles per gallon. Now you’re spending $2,000 and $3,000 each year.

    When you think about it, by the time you factor in gas, oil changes. insurance and regular maintenance, you can expect to spend $3,000 to $5,000 in addition to your monthly car payment each year!

  • Putting $0 down. There are a lot of incentives when it comes to buying a car, and you can often put yourself in a brand new vehicle of your choice with no money down. Sounds great, right? Not so fast. Remember, vehicles depreciate rapidly, so if you finance the full purchase price, you often find yourself upside down on the loan immediately.

    Being upside down simply means that you owe more than the car is worth. Remember, there are taxes and other fees that go into a new car purchase, and they are typically rolled into the loan if you don’t put anything down. That means as soon as you drive it off the lot, you owe more money to the bank or dealership than the vehicle is actually worth.

    This is a very bad idea if you intend on selling or trading the car in before the loan is paid off. If after three years you need to get a new vehicle and you owe $10,000 while the car is only worth $8,000, you will have to either pay $2,000 out of your pocket, or finance that into your new loan. It may feel good to walk out of the dealership with a brand new car without having to fork over a dime up front, but it will cost you.

    Want more tips for saving money? Sign up for the Money newsletter  and get insights from our personal finance experts, delivered straight to your inbox.


  • Buying a New Car When You Have Bad Credit #auto #salvage #parts


    #auto refinance with bad credit
    #

    Buying a New Car When You Have Bad Credit

    1 of 4

    Let’s say you’ve made a few late payments on your bills. Perhaps you have a maxed-out credit card. Or maybe you bought more car than you actually needed and couldn’t keep up with the payments. Hey, it happens. But now it’s time to buy another car and you have serious doubts as to whether you’ll get approved for a loan.

    A few years ago, we tested the theory of buying a debt-free car as an alternative to buying at a used-car lot or a “buy here, pay here ” dealership. We concluded that for some, the maintenance and repairs may prove too much for people to handle.

    Buying a new car outright won’t reestablish your credit. You’ll need to take out a loan for that. But what options do you have? The “buy here, pay here” dealerships might be one alternative, but not all of them report your payment progress to the credit bureaus. Plus, you’re still buying a used car that may require repairs. Is a new car out of the question? Not necessarily.

    It is possible to buy a new car with bad credit if you know where to look and how to prepare. Here’s how this kind of car buying works and what to keep in mind throughout the process.

    Why Would a Dealership Finance Your Car?

    How can you buy a brand-new car when you have a spotty credit history? There are a number of reasons why a lender would let someone with a troubled credit history finance a new car.

    From the lender’s perspective, a new car has more value and therefore offers more collateral that can be reclaimed if the buyer fails to make payments. The lender also has the assurance that a new-car buyer will actually keep up with payments. His money won’t be diverted to the costly repairs that sometimes befall older cars.

    From the dealership perspective, a new car is an investment in a relationship that will pay off in other ways later on.

    “Half the time, we’re not making any money on the deals,” says Rinaldi Halim, general manager for Nissan of Duarte. a dealership in Southern California that says it’s proud of the fact it takes on clients in all credit tiers. “We want to have a relationship with that customer,” Halim says.

    One new-car sale won’t yield much (if any) profit, Halim says. But it will pay dividends when customers refer their family and friends, resulting in more car sales, including some that will be profitable for the dealership. The sales also pay off when people get their vehicles serviced in the maintenance department. Years later, the initial customers will likely trade in those “no-profit” cars for new ones. The dealership will sell the initial cars as used ones. And if they’ve been well maintained, they will turn a tidy profit for the dealership.

    Start Prepping Early

    If you’re someone who has bad credit but wants to buy new, it is best to start planning for it well in advance, as you would with any major purchase.

    You need to start with your credit report to see how it would look to a lender. Run it at least three months before you plan on buying so you can take action on any outstanding items, recommends Rod Griffin, director of public education for credit reporting company Experian.

    Annual Credit Report.com gives you one free report a year on each of the major credit reporting companies: Experian. Equifax and TransUnion. Take advantage of it.

    Getting your actual credit score typically costs money, but your score will give you an idea of the credit tier into which you fall. Experian defines subprime (which includes deep subprime, as low as you can go) as a 619 score or below on its Vantage scale.

    Once you get the free credit report, pay close attention to the section that points out potentially negative items, also called risk factors. Risk factors could be anything from an old debt that went to collection to a fine you had to pay in a civil court case.

    Rather than viewing them as black marks on your credit, “These risk factors can empower you as a consumer to help rehabilitate your credit,” Griffin says. The risk factors are present in all reports, so if you fix an issue you found on one credit report, the action will be reflected on all the other reports.

    Experian says it offers an added benefit with its credit report and score. For $40, you get your credit score from Experian and a 35-minute session with a credit educator. This person will go over your report and point out items that need attention and give you tips on how to address it.

    Get Pre-Approved and Choose a Dealer

    Because your credit is bad, you will be paying a high interest rate, perhaps as high as 18 percent in California, for example. But some rates still could be better than others. This is why it’s important to seek approval from more than one lender.

    To find out which car dealers may be willing to finance people with iffy credit, pay attention to radio commercials or billboards from dealerships that say things such as “Your job is your credit!” or “Bad credit? No Problem!” These are good places to start. Steer clear of the “buy here, pay here” lots, however, since they don’t sell new cars.

    Many dealership Web sites have credit applications you can fill out online to get pre-approved. If you don’t see the application on the front page, it may be under the “Finance” tab.

    Also, check with your own bank or credit union. They may be more willing to approve you since you already have an established financial relationship with them. You might also try Road Loans from Santander Consumer USA, which specializes in subprime loans.

    Don’t worry that filling out too many loan applications will harm your credit. “Lenders know you are searching for the best rate,” Griffin says. As long as you apply for loans in a 14-day period, they will only count as one “hard” inquiry on your credit report.

    Bring Documents To Show You’re a Good Credit Risk

    When you go into the dealership to talk about financing, you need to bring along some important paperwork. These items will allow a dealership to establish who you are and confirm that you have a job, that you have a history of making monthly payments on time and have friends or family the dealership can contact to find you if you stop making payments. Bring these items with you:

    • The most recent pay stub from your job
    • Your utility bill (gas, water, electricity)
    • Your driver license
    • Three personal references

    Stay in Your Price Range and Look at the Total Costs

    Most people know what they can afford for a monthly car payment. But that sometimes ignores the bigger picture. Just because you qualified to buy a $22,000 midsize sedan doesn’t mean you should buy it. For example, if you scale back and purchase a $17,000 compact sedan, you’ll free up $100 per month. This is money you could use for gas, insurance or to pay other bills.

    “We love our leather seats and sunroofs,” says Griffin, “but when your credit isn’t stellar, it is better to look at a lower-end automobile.”

    A Typical Deal and a Bad One

    Halim gives an example of a deal made for someone with bad credit: a $16,000 Nissan Versa. minus a $1,000 bonus cash incentive, financed for 72 months with $1,000 down. The interest rate would be around 17.9 percent, which would bring the monthly payment to about $354. At the end of the six years, you would have paid $25,485 for that Versa.

    These numbers will vary based on how much you’re putting down, what you’re financing and what you’ve been approved for, but it gives you a rough idea on what this type of deal looks like. A sizable percentage of the loan will be the interest ($9,927 in this example), but this is the reality when you’re borrowing in this credit tier.

    Just remember that it could be worse if you were dealing with a “buy here, pay here” car purchase. While talking to Halim, for example, we heard about a customer who had purchased a car from a “buy here, pay here” dealership and no longer wanted the car. The loan was for $4,200, to be paid over 36 months. The person already had made 22 payments of $322 and still owed $3,800 on the principal, thanks to an exorbitant interest rate. It approached the California legal maximum of 29.9 percent.

    Resist the Urge To Trade Up

    A number of new-car dealerships offer their credit-challenged customers the chance to trade into another vehicle without a significant increase in their monthly payment, provided they’ve made a year’s worth of consecutive on-time payments. While it may be tempting to get out of a Nissan Sentra and into a Nissan Altima. for example, you will be adding more debt to your next loan.

    If you want to move up to a larger or nicer car, a smarter strategy is to refinance the current loan for a lower interest rate and monthly payment, then stick out the loan until the initial car is paid off. When it’s time to purchase your next car, you should be in a higher credit tier (assuming you’ve also done well on your other bills), and will qualify for a nicer car.

    The New You

    If you’ve done your credit homework, shopped within your price range and made all your payments, you’ve not only improved your credit score but also set up positive finance habits that will serve you well for years to come.


    10 Things to Look for When Buying a Used Car #auto #tint


    #buying used cars
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    10 Things to Look for When Buying a Used Car

    With the high price tag of new cars, and the quick depreciation rate of new vehicles, many consumers look for used cars for sale instead. And while investing in a used car may seem like a judicious option, buyers still need to be smart in their choices. Used cars that are sold with hidden damage can become costly problems for the unsuspecting buyer. To avoid purchasing the proverbial lemon, here’s a checklist of 10 strategies and points from CARFAX to check to help ensure condition and value before buying a used car.

    1. The Test Drive

    It’s always best to take the car on a test drive on both local roads and highways. In different environments, you can get a good feel for how the car responds and performs. On local roads, you can feel how the car shifts and responds to sharp turns. You’ll also get a good idea on the condition of the brakes with stop-and-go. With a trip on the highway, you can note if the engine runs smoothly or not. While on a test drive, keep your eyes and ears open. Make sure to note any unusual engine noises and whether or not all of the electronics in the car are working properly.

    2. The Aesthetics: Inside and Out

    Both the inside and outside condition of the car play a large factor in value. Make sure to check the interior upholstery carefully, along with any repairs to the exterior of the car. That’s not to say you shouldn’t purchase a car that has been in a minor fender-bender, but you’ll want to make sure the exterior was repaired professionally and that the results are barely visible to the eye. Always open the hood and take a good look at the engine and parts. Dirty and rusted parts can be a strong indication that there may be trouble down the road.

    3. The Leak Test

    Any car that is leaking fluids is a red flag for a needed repair. While you’re on a test drive, take a moment to park in a clean area on the road, and let the car run for at least 30 seconds. Then, move the car and do a visible inspection for any leaking substances. Black fluid might be an indicator of leaking oil, green fluid may indicate a leak in anti-freeze, and pink fluid may indicate a leak in the transmission.

    4. Research Reviews on the Make and Model

    Do a bit of detective work on industry and consumer reviews on the make and model to uncover possible defects or even common problems. You can easily do a check by doing a search on Google.

    5. Research Price

    To ensure that you are being charged a fair price, make sure to compare prices for the same make, model and year with several sources. Checking the Blue Book values and dealer prices can easily be done online. Even though condition and mileage will play a role in price, you can still get a good ballpark figure of the going price.

    6. Mechanic Inspection

    Many consumers don’t take the time to have a mechanic inspect their used car before purchase, which can lead to more expensive car maintenance down the road. The cost to have a car inspected by a professional can be well worth the price. A mechanic is the professional who can help you discover hidden problems and also assist with determining the car’s value. If there are going to be major problems with the engine or transmission in the future, this is the pro who is going to let you know.

    7. Certified Pre-Owned Vehicles

    Purchasing a certified pre-owned car can be a wise choice because it offers the buyer an extra level of quality assurance. Many local car dealers offer these vehicles with warranties that extend beyond the initial new coverage.

    8. Buyer’s Remorse

    To avoid buyer’s remorse, never be too quick to pull the trigger when buying a used car. Taking the time to do thorough research and negotiating for the best price is the best way you can ensure you’re getting a good deal on the right vehicle.

    9. Decode the VIN

    Checking a VIN decoder chart  is a quick, easy, and free way to check a used car’s VIN info matches up with what’s in the vehicle title and records. VIN cloning is a scam where sellers replace the VIN of a stolen car with one that is legally registered. This type of fraud can easily be avoided by decoding the VIN of the vehicle in question.

    10. Vehicle History Report

    A vehicle history report can you help you reveal title problems, ownership history, service points and previous accidents, large or small. These reports can be available from dealers or ordered online. CARFAX offers one of the most comprehensive car reports available to purchase, which is pulled from a database of more than six billion car records.

    Following these 10 points and strategies can be a surefire way to help ensure that you don’t get stuck with a lemon. You’ll have all the information needed to help you make an informed decision, whether you decide to buy or not.

    Mike Orsini is the head of blog marketing at CARFAX. Headquartered in Centreville, VA, CARFAX is the most trusted provider of vehicle history information that is used by millions of consumers each year. CARFAX Vehicle History Reports™ are available on all used cars and light trucks model year 1981 or later.