Tag Archives: car

Getting rid of a broken down or old car can be a little daunting seeing as it is not something you do every day.  How do you know what your car is worth? Who should you contact? Luckily, if you need to junk a car for cash it can be a lot simple than you imagined. If you keep a few key tips in mind it can really make the experience, go a lot smoother than the nightmare some may have.

One thing to always be sure of is to find your title. Not properly obtaining your title and transferring it to the individual or company purchasing the car may cause you to incur various fees. State records will show you still technically own the vehicle whether it is in your possession. Sometimes it is not always required depending on the age of the vehicle, this number can vary by state. Inquire with your local department of motor vehicles to find out the specifics for your area when it comes to the required documentation and processes involved to streamline the process as much as possible.

Along with getting your title in order, some states require you return the plates to cancel registration. Sometimes you are unable to cancel your insurance policy until this is done either.  Doing this ahead of time will save a lot of time and head ache. You do not want to try and get your plates while a busy tow truck driver is waiting!

Junkyards are normally pricing out the metal or potentially reusable parts but in most cases, they are not going to give you extra for your premium parts. Things like aftermarket radios and good tires will only be icing on the cake for them. If your tires are still in good condition, consider picking up some bald tires to replace them, then resell the good tires.

Just like buying a car, simply because one person has said what they will pay you does not mean that everyone will pay the same. Give your car a good look over and take down everything you observe such as areas of the vehicle with damage, mileage and how long since the car was last driven.  The more detailed and useful information you can gather the more accurate your quotes will be.  You can also use Kelley Blue Book to find out a rough idea of the value of your car.  If it isn't running, consider having a mechanic check out the vehicle to determine if it's an easy fix. You can also subtract the amount needed to repair the car from the KBB estimate to get an idea. A car that runs can be worth considerably more than one that doesn't.

Call several different salvage yards and junkyards and write down what each is willing to offer to get the best price. There are also numerous online companies out there that may be interested in your car, a quick search can turn up several scrap car companies. Your local paper can also have several local companies listed in the classifieds. You never know when the next phone call you make could yield even more money than the last.

Make sure you remove all your personal items from your car as well. Check in all the small out of sight areas and make sure you do not miss anything. You never know what personal items or information may be hiding underneath your seats. You don't want to find out that you left something valuable in there like an iPod or perhaps even old mail like bank statements.    

When arranging a way to get your vehicle to the lot there are a few things to consider.  Obviously, if the car can be driven then some junkyards will pay more for bringing it to them so be sure to mention that when discussing the vehicle. If the vehicle does not run, then the most convenient option is to have the junkyard pick up the car. Make sure you are aware what your car is worth as sometimes they may change what they are willing to offer once the car is loaded.  Do not let them push you out of money you should be paid. You've done all the work to know what it's worth.

If you keep these tips in mind, getting rid of your car can be a breeze. In fact, junking your extra car can be one great idea to get extra cash for the holidays. Just take your time and before you know it you will be cashing your check and moving on to the next daunting task of replacing it!

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pay cash for your next carMany people have car loans. In fact, approximately 107 million Americans own a car that they pay a note on.

Not only are car loans expensive, but they can also be avoided, even if you are on a low income. If you are looking for a vehicle now or soon, here are a few tips to help you pay cash for your next car.

Drive Your Old Car As Long As Possible

If you have a car already, drive it until you can’t drive it anymore (or until it doesn’t make sense to keep repairing it). Why buy a car you can’t afford when the one you have works just fine? Sometimes, you may be envious by the people driving new wheels, or the people who don’t have to manually roll up their windows. However, you have to remind yourself that it’s not worth getting into massive amounts of debt just to own a newer car.

If you don’t have a car yet, now is the time to act like you do. Start saving money as if you have a car note, insurance, and other miscellaneous things to pay for.

Save Each Paycheck

Even if it’s just a few dollars, save money from every paycheck in a new car fund. You can always increase this amount as you earn more or cut out expenses, but try to save something. It may take you a little longer to save enough money for a car, but it can be worth it when you realize you don’t have that extra bill hanging over your head every month.

Save Extra Money to Pay Cash For Your Next Car

Do you get bonuses, raises, or even birthday money? It should go straight into savings when you get it. It may be hard seeing that money sitting in your savings when you feel you deserve to spend it, but that extra money helps grow your savings faster.

For every bonus or raise you get, continue to save it and live off of the income you were making before. Before you know it, you’ll have a nice chunk of change to use for your next car purchase. ...continue reading

first time car buyersI can't imagine my life without a car. I know there are plenty of people who are embracing the minimalism and frugality of living without a car, not to mention the health benefits of walking or biking everywhere, but my lifestyle is pretty dependent on having a car I can use whenever I want.

I'm also lucky because when I got ready to buy my first car, my parents where there to help walk me through the process and to make sure that I made the best decision possible.

If you are a first time car buyer, here are 4 things you need to know.

Consider Your Total Budget, Not Just Your Monthly Payment

Most first time car buyers don't have the luxury of having cash saved up to pay for their entire car purchase. If you know you are going to have to take out a loan for a car, make sure you consider your entire budget for buying a car, not just how much your monthly payment will be.

Every time I've bought a car the salesmen are quick to ask me what I want my monthly payment to be. This is when they try to make a car fit in your monthly payment budget no matter if it's really a good financial move. Sometimes they will extend the loan terms, causing you to pay more interest over the life of your loan, just to make sure it fits within the monthly payment target you've set.

When you go shopping for your first car you can avoid this by having a total budget in mind for your car purchase, not just what you want your monthly payment to be.

Know What You Need

Car needs are different for every person. Some people need lots of cargo space, some people need lots of space for passengers, some people need 4 wheel drive, and others don't care about that at all. No matter what your situation is, you need to keep your overall needs in mind when decided what type of car you want to buy.

Prioritize Wants & Be Willing to Compromise

You might want a car with leather seats, a remote start, or under 100,000 miles. Everyone has things they want when they go to buy a car, but it's important to know what you want most so you can prioritize that and compromise on other things that are less important to you. This will also help you stay within your car budget too.

Do Your Own Research

Before you set foot on a car lot, do your own research about how much a car you want will cost you. You can easily compare prices online at different dealerships, along with checking out car values on reputable sites, like Kelley Blue Book. This is an important step that you shouldn't skip if you want to get a good deal on your car purchase. You also need to consider how much insurance and taxes will cost on your new car. One thing to consider is if you comprehensive insurance or just liability. Comprehensive insurance by youi is one thing to consider.

Buying a car for the first time doesn't have to be a scary process. With these tips in mind, first time car buyers will be able to walk confidently into a car lot and find what they really need and want the most without overpaying.

Did you make any mistakes when you bought your first car? Do you have any other tips for first time car buyers?