Sure-fire Tips for Getting the Best Deals on Car Leasing

If you would enjoy a new vehicle but don't want to buy it, or would like to be able to trade it in for something else after a year or so, then car leasing could be right for you. Vehicle leasing is very popular these days because it lets you have drive a brand new car without having to pay out the large payments that go along with ownership.

What is car leasing?

Basically, vehicle leasing means you rent the car from a finance group that has purchased the car. After the lease term has finished you have the option of paying for the rest of the vehicle or trading it in for a brand new model.
Benefits of Vehicle Leasing.
There are many benefits to vehicle leasing. Car leasing is great if you use your car for business, want to lease a car model you wouldn't be able to afford if you bought it, or if you want to be able to trade in a vehicle after every two or three years. Below are more benefits you might find attractive.
* Low deposit: When you purchase a car you often need to put a deposit or a combination of a deposit and trade-in to front your loan amount. When you lease, you will still need a deposit, but it will be a smaller amount. This means you can invest the money you save instead of putting it into a car.
* Lower monthly payments: Payments are lower when you use a vehicle lease because you are paying for the depreciation on the vehicle, not the total car price.
* Easy trade-in options: If you're one of the many that like the benefits of driving a new car, you can rest easy when it comes to trading in your leased car at the end of the term. The finance group owns the vehicle, not you. You're not stuck with the headache of selling the vehicle or getting a better deal for a trade-in.
* Flexible car lease terms: Many vehicle loan finance companies will offer flexible lease term options. Though most leases begin at two years you can expect to see some leases last as long as 60 months (five years).
* Secured Lease: The lease is secured by the vehicle, so if you default in your car lease payments the finance company will repossess your car. Though unpleasant, it's not as scary as the thought of losing something more drastic, such as your home.
Business Lease Benefits.
For companies that lease vehicles, the car leasing payments generate GST (Goods and Service Tax) and therefore can be claimed back in most cases. If you purchase a car for business and want to have it financed instead, some finance companies (for example, www.fincar.com.au) will buy your vehicle and lease it back to you.
Disadvantages.
Like anything good in the world, there are disadvantages to car leasing. Some are equity related, while others have to do with fees. Read on to see if these disadvantages will turn you off from pursuing vehicle leasing as an option.
* Lack of Capital: If you purchased the car outright by yourself instead of getting involved with a car lease, you would have capital in the vehicle over the duration of ownership. When you use vehicle leasing the capital belongs to the finance company, not you.
* Early termination fees: Some car leasing companies will charge a fee for early termination of your lease. Some finance companies will not hold you responsible for an early termination fee if you cancel your vehicle lease after the first six months while others will. Check to see what the terms are, so you do not find yourself saddled with surprise fees.
* Overage fees: Most auto leasing policies bill you a significant penalty if the odometer displays more kilometers on the dial than were specified in the contract. You'll pay a few cents per km, but remember that it adds up. If you are charged $.10 per km, a 1,000km overage will cost you $100 extra at the end of your lease.
* Fees for a less-than-perfect returned vehicle: If you're tough on your cars you might not want to think about car leasing because you'll be billed for excessive wear and tear on the auto's interior and exterior. So if you have an busy family or enjoy water dogs you may want to think about owning a car instead.
At the end of your lease, what are your options?
The great thing about vehicle leasing is that there are many options open to you at the end of your lease period.
* You can trade in your vehicle and start the process again with another new car lease. The advantage is having a brand new car again in a short period of time - who doesn't love driving a new car?
* You are under no obligation to purchase the car, but you could, if you wanted to do so. Usually when you enter a vehicle leasing contract, a price to purchase the vehicle at the end of the lease is outlined and stated in your paperwork.
* You could return the lease vehicle and go a totally different route, such as buying a new or used vehicle elsewhere.
Leasing is a viable option for disabled Australians.
If you're disabled then you may qualify for car leasing GST-free. You must have a certificate from the HSA (Health Services Australia) or be a Veteran who is disabled due to service in Her Majesty's armed force. Generally, this option is available if the vehicle lease is for a car under $57,000 (approximate), for a period of two years minimum and the car is used for less than 40,000km travel a year. Of course, other details may apply, so read the fine print carefully.
In Conclusion.
Car leasing is a great opportunity for someone that likes driving a new car and trading in a vehicle every few years. It's also a fantastic option that allows you to drive a luxury vehicle you may not be able to afford normally. There are many vehicle leasing options, so review them carefully and choose the best one for you to make your experience exciting and rewarding

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Money-Saving Advice For Finding New Vehicles

Best Resale Value Vehicles

Money-Saving Advice For Finding New Vehicles With Minimal Depreciation Ahead

When searching for a new vehicle, car-shoppers often consider fuel-economy, exterior and interior features, and price. Shoppers should also consider something they won't find on any window sticker: resale value. Depreciation often is the greatest expense incurred by drivers during ownership, so knowing the vehicle brands and models with the best projected resale value can help new-car shoppers make a more informed purchase decision.
The leading provider of new- and used-vehicle information, Kelley Blue Book www.kbb.com, announced the all-new 2009 model-year vehicle winners of its annual Best Resale Value Awards, which recognize current and upcoming vehicles for their projected retained value five years from now (the average ownership period).

Vehicle shoppers should take several factors into consideration when buying a new car to ensure as much future value as possible. First, car-buyers should choose a popular exterior color such as silver or black. Then, car-buyers should choose optional equipment that is customary for the type of vehicle they are buying. Equipment and options that are popular with used-vehicle buyers include antilock brakes (ABS), alloy wheels, audio system with MP3/iPod compatibility, power-operated leather-covered seats, cruise control, remote locking and navigation system. Car-buyers should also recognize that the cost of some potentially expensive features like premium audio systems will be difficult to recover at trade-in or resale time.

"Especially in today's tough market and difficult economy, consumers really need to take a hard look at the projected resale value of a car when choosing their next new vehicle purchase," said Jack R. Nerad, executive editorial director and executive market analyst with Kelley Blue Book's kbb.com. "Choosing makes, models and options wisely now can help new-car shoppers keep additional money in their pocket down the road when they go to sell or trade in the vehicle used."

The 2009 Best Resale Value Awards list offers an array of vehicles to fit any lifestyle.

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How To Share The Roads Peacefully With Trucks

On your local news program, you may hear stories about an “out of control” truck wiping out a car load of people or destroying property. The media sensationalizes the facts, often putting most of the blame with the truckers. However, many times that is not the case. For the most part, truckers are responsible drivers who are diligent about road safety. Not only are they making sure they adhere to the rules of the road, but they also have to keep an eye on the nincompoop drivers of passenger vehicles who think they are the exception to the rules.

There are a few common problems that truckers come across with motorists. These problems are often also the ones most sited on insurance claims. Are you guilty of any of these practices?:

1. Brake this habit – Everyone at one point or another gets stuck behind a large truck. So the most logical next step is to change lanes to pass the truck. No problems with that … the problem lies in a vehicle cutting back into the truck’s lane right in front of them, then braking for a turn or just slowing down, period. What most motorists don’t take into account is that truckers need a lot of space in order to slow down, at least two to three times the amount of passenger vehicles.

2. Peek-a-boo! – Now you see them, now you don’t. This peek-a-boo game is very troublesome to truckers. Large trucks have several blind spots which make it hard for the drivers to see other motorists who like to hang out there. The best thing that you can do is either pass the truck or stay a comfortable distance behind them. When in doubt, check for the trucker’s side view mirrors. If you can see them, then chances are that they might be able to see you too.

3. Back up and try again – In this day and age of technology, people are more accustomed to instant results and hate waiting for anything. Unfortunately, when big trucks have to back into a space, it may take a few tries to succeed. Motorists should appreciate the fact that these trucks are bigger than they are and let the truckers do their job. Patience can be a virtue!

4. Teach a lesson – Some drivers of passenger vehicles like to try and “teach” truckers a lesson. Sometimes, drivers think that the big trucks are either going too fast or slow. So they’ll speed up to pass the trucker, then get back in the trucker’s lane and slow down! Many parents tell their kids, “Worry about yourself,” and it would be smart for other motorists to heed that advice. Leave it to the troopers and policemen to enforce the laws of the road.

Common sense is what all these problems boil down to. Each person driving on the road is in charge of themselves. By exercising a little of that common sense, many accidents involving big trucks and passenger vehicles could be avoided. That old adage, “It is better to be safe than sorry,” certainly applies!

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Keeping Your Car Can Save You Money

The right answer to the question "Should you keep the car or trade it in for a brand-new vehicle?" could help put many motorists on the road to economy. So when you choose to keep your car rather than buy a new one, you'll end up saving money.

"People who keep their cars, treat them as valuable investments and commit to regular vehicle maintenance end up saving a lot of money," said Rich White, executive director, Car Care Council.
The most common maintenance procedures and repairs to keep your car operating safely and reliably while maintaining its long-term value involve checking the oil, filters and fluids, the belts and hoses, brakes, tires and air-conditioning. The council also recommends an annual tune-up and wheel alignment.


Over a four-year period, the difference in savings between keeping a car and buying a new one is $10,894, according to Runz-heimer International.

Cost Of Keeping The Old One

The cost comparison identified the expenses of keeping a 2003 six-cylinder, four-door sedan that gets 21 miles per gallon (mpg) and costs $19,727, versus buying a new six-cylinder, four-door sedan with 23.5 mpg that costs $23,451 and had a down payment of $10,158, the trade-in value of the older car.

At the end of four years, expenses on the used vehicle, including fuel, license, registration, taxes, insurance, maintenance and tires, were $16,548. A resale value of $3,759 puts the total four-year cost at $12,789.

New Car Costs

On the new car, expenses including the car payment, interest on the car loan, fuel, license, registration, taxes, insurance, maintenance and tires totaled $32,258. A resale value of $8,575 puts the total four-year expense of the new car at $23,683.

"We advise our clients that if they want to see an increase on their investments every year, they need to cut down on their expenses," said Terry Mulcahy, vice president of investments for R.W. Baird in Mequon, Wis. "A new automobile is for most people their second-biggest investment next to a home, so a great way to save money and increase financial assets is to hang on to their current vehicle rather than buy a new one every few years."

The Car Care Council is the source of information for the "Be Car Care Aware" consumer education campaign promoting the benefits of regular vehicle care, maintenance and repair to consumers. For a copy of the council's consumer-friendly "Car Care Guide" or for more information, visit www.carcare.org.

A cost comparison shows that hanging on to your old car can save you money.

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Rebuilt Wrecks Emerging Threat To Car Buyers

-Buying a rebuilt-but not properly repaired-wreck of a car could wreck your finances.

A new study by Carfax shows that millions of cars severely damaged in major accidents have been rebuilt and are up for sale. Over the last five years, the number of salvaged cars on the market has increased nationwide by more than 50 percent.

This problem is more widespread than previously thought. Forecasters predict that more than 40 million used cars will be purchased this year, making the used-car market a target-rich environment for scam artists.
Experts estimate that more than 5 million cars annually are deemed salvage after severe accidents. More than half of these cars are resold, many by sellers who intentionally hide their damaged past.


Some of the common problems associated with previously wrecked vehicles may include:

• Title washing.

Title documents may be altered to remove a salvage brand and obtain a clear title from another state.

• Air bag fraud.

Scam artists are known to replace deployed air bags with phony or nonworking air bags to cut costs.

• Structure/frame damage.

As little as 8mm can compromise a car’s structural integrity, which may also affect many of the car’s safety features.

• Odometer rollbacks.

The odometer may also be rolled back to further inflate the perceived value of the vehicle.

• Car clipping.

Some rebuilt wrecks are actually two different cars welded together.

Buying a salvaged car may not be a bad investment, but you must make sure you’re aware of any prior damage and, more important, see that the proper repairs were made. Many salvage vehicles are rebuilt properly and will run safely again.

However, con men can alter title documents and make cheap cosmetic repairs to others so they look as good as new on paper and in person.

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Get the AWD advantage without the SUV price tag

This full-time All-Wheel Drive system is strong enough to handle rugged driving, but so compact it's ideal for a family vehicle.

(NC)-If you love the safety and driving confidence of an SUV, but cringe at the cost of filling the tank, we've got good news for you.

It's possible to get the advantages of a four-wheel-drive system-especially great traction in a wide variety of weather and road conditions-in all-wheel-drive vehicles that combine the 4WD performance of a truck with the fuel economy, performance and handling, and easy-to-park dimensions of a car.
There are many reasons it takes a lot of gas to run a traditional SUV: most are built on truck platforms, so they're large and heavy; it takes a big engine to move all that weight around; and, because less aerodynamic than most cars, SUVs have to work harder to overcome air resistance.

Fortunately, there are alternatives, such as the Symmetrical All-Wheel Drive system from Subaru. This is a full-time system that combines a powerful aluminum boxer engine, a strong but lightweight transmission and centre differential, and an aerodynamic alloy body frame that's designed for maximum occupant protection.

The result is a great combination of strength for safety and rigidity for handling and durability.

Just as important, this Symmetrical AWD system is designed to be extremely compact and well balanced, with a low centre of gravity. That means a very low risk of rollover-and makes room for a long-travel suspension that keeps the ride comfortable even on life's bumpiest roads.

And fuel economy is competitive with North America's most popular compact and mid-size family cars.

So, if you want great traction and handling and great fuel economy, an All-Wheel Drive vehicle is an excellent choice.

More tips to reduce gas consumption:

Maintain your vehicle-it will run smoother and waste less energy.

Slow down-you use 20% more fuel going 120 km/h compared to 100 km/h.

Check tire pressure-the wrong pressure can increase gas use up to 3%.

Don't idle-if you're going to sit for more than 30 seconds, turn the engine off.

Plan trips-do more than one errand at a time; avoid rush hour if possible; pick routes with fewer stoplights and less traffic.

Car pool-share the ride and leave a second or third car at home.

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Think Twice Before Declining The Rental Car Damage Waiver

Many auto renters decline the rental car damage waiver because they think their personal auto policy will cover their use of a rental. While often true, this is not always the case, and you should check with your insurance agent or broker about your policy's coverage before renting a vehicle.

"But, even if your policy includes rentals, there may be costs it doesn't cover," says Bill Wilson, CPCU, director of the Independent Insurance Agents & Brokers of America's Virtual University. "For example, the rental company may well use a more expensive way of calculating vehicle damage than your auto policy and you might be stuck paying the difference."

Also, most policies give the insurance company the right to inspect and appraise damage before repairing or disposing of the vehicle. The rental company is not bound by this and may be eager to rid itself quickly of the auto or return it to service. This can affect whether you're covered. Also, the rental company might insist on immediate payment for damage via credit card surcharge, which could "max out" your card. While most auto policies cover the rental company's loss of income, its "loss of use" calculation might be hundreds of dollars more than your policy's limits. Further, the rental agreement might make you responsible for various "administrative" charges, such as towing, storage and appraisal, usually not covered by auto policies.
"Most alarmingly, rental car companies frequently charge for 'diminished value'-the loss of resale value because of damage to the vehicle-typically not covered by auto policies. Such charges of $5,000 to $8,000 are not uncommon," says Wilson. Further, auto policies usually do not cover damages to motorcycles, RVs and other vehicles, and offer very limited coverage for damage to rented trailers. Additionally, coverage extends only to the U.S. and Canada; policies have deductibles; and insurance company payment to the rental car company may result in future premium surcharges for you.

So before you rent, consult with your insurance agent or broker- and think twice before you rely solely on your auto policy to protect you.


Before you rent a car, consult with your insurance agent or broker-and think twice before you rely solely on your auto policy to protect you.

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Rebuilt Wrecks Emerging Threat To Car Buyers

buying a rebuilt-but not properly repaired-wreck of a car could wreck your finances.

A new study by Carfax shows that millions of cars severely damaged in major accidents have been rebuilt and are up for sale. Over the last five years, the number of salvaged cars on the market has increased nationwide by more than 50 percent.

This problem is more widespread than previously thought. Forecasters predict that more than 40 million used cars will be purchased this year, making the used-car market a target-rich environment for scam artists.

Experts estimate that more than 5 million cars annually are deemed salvage after severe accidents. More than half of these cars are resold, many by sellers who intentionally hide their damaged past.

Some of the common problems associated with previously wrecked vehicles may include:

• Title washing.

Title documents may be altered to remove a salvage brand and obtain a clear title from another state.

• Air bag fraud.

Scam artists are known to replace deployed air bags with phony or nonworking air bags to cut costs.

• Structure/frame damage.

As little as 8mm can compromise a car’s structural integrity, which may also affect many of the car’s safety features.

• Odometer rollbacks.

The odometer may also be rolled back to further inflate the perceived value of the vehicle.

• Car clipping.

Some rebuilt wrecks are actually two different cars welded together.

Buying a salvaged car may not be a bad investment, but you must make sure you’re aware of any prior damage and, more important, see that the proper repairs were made. Many salvage vehicles are rebuilt properly and will run safely again.

However, con men can alter title documents and make cheap cosmetic repairs to others so they look as good as new on paper and in person.

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Money-Saving Advice For Finding New Vehicles

Best Resale Value Vehicles

Money-Saving Advice For Finding New Vehicles With Minimal Depreciation Ahead

When searching for a new vehicle, car-shoppers often consider fuel-economy, exterior and interior features, and price. Shoppers should also consider something they won't find on any window sticker: resale value. Depreciation often is the greatest expense incurred by drivers during ownership, so knowing the vehicle brands and models with the best projected resale value can help new-car shoppers make a more informed purchase decision.
The leading provider of new- and used-vehicle information, Kelley Blue Book www.kbb.com, announced the all-new 2009 model-year vehicle winners of its annual Best Resale Value Awards, which recognize current and upcoming vehicles for their projected retained value five years from now (the average ownership period).

Vehicle shoppers should take several factors into consideration when buying a new car to ensure as much future value as possible. First, car-buyers should choose a popular exterior color such as silver or black. Then, car-buyers should choose optional equipment that is customary for the type of vehicle they are buying. Equipment and options that are popular with used-vehicle buyers include antilock brakes (ABS), alloy wheels, audio system with MP3/iPod compatibility, power-operated leather-covered seats, cruise control, remote locking and navigation system. Car-buyers should also recognize that the cost of some potentially expensive features like premium audio systems will be difficult to recover at trade-in or resale time.

"Especially in today's tough market and difficult economy, consumers really need to take a hard look at the projected resale value of a car when choosing their next new vehicle purchase," said Jack R. Nerad, executive editorial director and executive market analyst with Kelley Blue Book's kbb.com. "Choosing makes, models and options wisely now can help new-car shoppers keep additional money in their pocket down the road when they go to sell or trade in the vehicle used."

The 2009 Best Resale Value Awards list offers an array of vehicles to fit any lifestyle.

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Chrysler Celebrates 25 Years Of Minivan Leadership

Chrysler celebrates 25 years Of minivan leadership and continues its long time tradition with the 2009 Town & Country minivan model.

After introducing the minivan 25 years ago, manufacturers are responding to the milestone with greatly improved models that feature enhanced seating and storage systems, transmissions designed to offer smoother shifting and better fuel economy.

That can be good news for those who want a minivan that can offer the latest in convenience, fuel savings and style.
The originator--Chrysler LLC--continues to perfect its family hauler, now in its fifth generation. With more than a quarter-century of engineering and technology, Chrysler has created more than 65 minivan-first features over the last 25 years, while continuing to introduce minivans year after year that deliver the features, unmatched versatility and fuel efficiency families shopping for a minivan are looking for.

The new 2009 Chrysler Town & Country, for one, presents a contemporary appearance, three different models, two distinct seating and storage systems, state-of-the-art entertainment systems and safety features.

The vehicle has 40 new and improved features over the previous generation, including a 4.0-liter V-6 engine mated to a minivan-first six-speed transmission and more standard equipment such as an Electronic Stability Program (ESP).

A retuned six-speed transmission and higher numerical first gear means the engine speed changes less with each shift, creating a smooth driving dynamic, with improved fuel economy. The end result is an EPA fuel economy label of 17 mpg city and 25 mpg highway that is unbeaten in the minivan segment--quite impressive considering the vehicle's seven-passenger accommodations and cargo space.

Safety has also been addressed in the new design, resulting in the vehicle receiving the U.S. government's Five Star Crash Test rating in both front and side impacts.

For added convenience, the Swivel 'n Go seating system offers second-row seats that swivel 180 degrees to face the third row with a removable table that installs between the two rows, covered storage bins in the floor and the second row, third-row uncovered storage, and fold-in-the-floor third row.

Said Larry Lyons, vice president--Car and Minivan Product Team, Chrysler LLC, "With an improved 4.0-liter six-cylinder engine and a minivan-first six-speed transmission, no other minivan has better fuel economy. We optimized both the engine and the transmission to give our customers the fuel economy they want and the power and responsiveness they expect."

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New Car Prices, Then And Now

New car prices have certainly changed a lot over the years. While obviously inflation, the cost of energy and a number of other causes have caused automobile prices to skyrocket when compared to the 1970’s, there are also some changes in attitude from automakers which are reflected in modern pricing schemes.

Imagine the year is 1971. Walking into the new Dodge dealership, you see a brand new Charger R/T coupe, which was one of the definitive muscle cars of the era. The price? $4700. A similarly configured Charger, brand new from Dodge today in 2008 will cost in the neighborhood of $30,000. This represents a fairly significant increase. What are some of the factors that caused new car pricing to multiply six-fold?

Inflation only tells half the story. Adjusting that $4700 from 1970 into today’s dollars gives us a price of roughly $21,000. That still leaves us around $9000 short of the current market price for a similar car.
The difference becomes even more pronounced when examining median household income in the United States. In 1970, it was around $35,000 (in today’s dollars), but for the last few years it has stabilized around $42,000 – not a huge increase, and certainly not large enough to explain the discrepancy in pricing. It’s not as simple as saying that car companies now charge more for their vehicles because the market can bear higher prices.

One of the most telling components of new car prices are the increased cost of labor. In the 1980’s and 1990’s, American automakers fought a losing battle against trade unions representing the workers in their plants. The result of these confrontations were increased costs not only in the salaries paid to workers, but also in the benefits that workers were entitled to. In some cases, these benefits are paid out long after the employee has left the assembly line and is no longer economically contributing to the company. General Motors actually loses money on many of the cars they sell, and for a long time only generated profits based on their automobile financing company.

Japanese car companies don’t have these same labor issues, yet their pricing remains competitive with domestic car companies. This indicates that employee costs are not the only driving factor when it comes to car price increases. The implementation of technology is another part of the pricing puzzle.

Cars of today are technologically advanced over those of three decades ago to an almost extreme degree. Anti-lock brakes, airbags, stability control systems, drive-by-wire – all of these features were expensive to develop in terms of research and testing, and they also contribute to increased manufacturing costs, due to the more delicate techniques and expensive materials required to implement them in modern vehicles. The increased demand for fuel efficient engines which produce minimal emissions has also forced automakers to invest in their engine programs to a much larger degree than they have in the past.

It seems that peeling back the surface of today’s automobile pricing reveals an intricate web of dependent financial concerns that together make up the cost of driving a brand new car in the United States.

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Drivers Use Financing To Their Advantage

Understanding your financing options could put you in the driver's seat when it comes to buying a new vehicle-or affording the one you already have.

Still, a recent survey found that many borrowers facing difficult financial circumstances are not aware of the ways that their creditor can help get them back on track. Indeed, only 47 percent of consumers believe that finance companies often work to help customers who are having trouble making payments.

"Consumers have many options available to them when it comes to auto financing. Similarly, if consumers are facing a tough time financially, we encourage them to work with their creditor," said Eric Hoffman, a spokesperson for AWARE (Americans Well-informed on Automobile Retailing Economics), a nonprofit auto financing education group. "Being an educated consumer not only helps when it comes to financing a vehicle, but also when times are tight."

AWARE sponsored the survey, which measured consumers' auto financing knowledge and experience. Additional findings include:

• Consumer satisfaction with auto financing remains high while interest and desire to learn more about the financing process has held steady-despite the sluggish economy.

• Even with a slowdown in auto purchases, consumers-especially those who report to be educated about auto financing-say they are satisfied with their financing decisions and the outcome of the process.

But Hoffman said more work clearly needs to be done. "Despite auto financing education efforts through AWARE, as well as individual company programs, the survey demonstrates more robust education efforts need to be put forth for consumers facing economic hardship," he explained.

To that end, the group was formed to build a greater understanding among consumers about how auto financing works. To learn more, visit www.AutoFinancing101.org. The site was created to ensure that potential buyers of new and used autos have the tools and resources they need to successfully navigate the auto financing process.

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Protect Yourself From Digital Odometer Fraud

Protect yourself from digital odometer fraud when you're buying a used vehicle. Find out how in the following article from Napsi.

When looking at a used car, one of the first things consumers ask about is the mileage. After all, a vehicle with 40,000 miles on the odometer is much more desirable than one that's logged 80,000 or more.

Perhaps, then, it is not surprising that a growing number of sellers are trying to "turn back time" on their cars and trucks, changing the mileage to a lower reading that artificially inflates the resale value.
New research results from Carfax show that the number of cars with rolled-back odometers has increased 57 percent nationwide over the last four years. For that reason, used-car shoppers everywhere need to take every precaution to avoid becoming a victim of this rampant scam.

According to NHTSA, more than 450,000 cases of odometer rollbacks were reported in 2002, but that number is likely much higher today. Why? Experts believe digital odometers, used in the majority of vehicles built nowadays, are easier to manipulate. Plus, there's virtually no physical evidence of tampering.

Carfax offers car buyers these helpful tips to avoid buying a rolled-back car:

• Demand a Carfax Vehicle History Report from the seller;

• Examine the wear on the pedals, steering wheel, floor mats, etc. to make sure they are consistent with the mileage reading; and

• Have a trusted mechanic check the car's computer and inspect the vehicle thoroughly prior to purchase.

"Odometer fraud is alive and well," said Larry Gamache, communications director at Carfax. "Con men continually find ways to cheat the system, especially in a soft economy like this, and digital odometers are no exception. We cannot stress enough that consumers need to utilize every resource available to help protect them, starting with a Carfax Vehicle History Report. Simply asking the seller for a Carfax Report and questions about the car helps separate the good guys from the bad guys."

As a service to consumers, Carfax lets you check for potential odometer rollbacks free of charge at www.carfax.com/odo.

Buyer beware: A used car with low mileage may have had its odometer rolled back.

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What You Need to Know Before Buying a Car

Incentive packages make buying a new car almost irresistable to but there are some very important credit report and financial questions you should consider before you visit that car dealer.

Auto sales plunged to a 26-year low at the beginning of the year, which is why many car makers are offering incentives to entice consumers back to the auto market.

But before jumping into the market, you should gain a clear understanding of your credit and financial profile to know what you qualify for and if it’s the right time for you to buy a car.
“Through a simple check of their credit reports and scores, many consumers are likely to find that they’re in a solid position when it comes to cashing in on these troubled-economy car deals,” says Lucy Duni, vice president of consumer education at TrueCredit.com by TransUnion. “At the same time, it’s important for consumers to set their limits based on their credit position and their overall finances, because there are many costs associated with making a car purchase, including regular maintenance fees and insurance.”

TrueCredit.com is offering simple tips to guide consumers on the road to making a smart car purchase:

Tip 1: Rev-up your report knowledge.

Review your credit report on an ongoing basis to ensure it accurately reflects your credit history. Your history will dictate your credit score and your score affects your loan rates. Always know where you stand by signing up for TrueCredit Messenger, a free application that is downloaded to your desktop and lets you know when there’s been a critical change to your report.

Tip 2: Make necessary tune-ups.

Whether or not you’re in the market for a new car now, keep a close eye on your credit report. If you spot something that doesn’t look right, you should first contact the creditor involved. If that doesn’t solve the problem or if the issue doesn’t involve a specific credit or loan account, contact the appropriate credit-reporting company directly. If you have significant issues with your reports, consider delaying your purchase until those issues are resolved to help you get the best rate available.

Tip 3: Protect Yourself.

Your credit behavior influences more than just your loan rate. It often plays a role in determining the monthly insurance premiums for your home and car. If you’re getting ready to shop for insurance, TrueCredit.com Insurance Scores let you see ahead of time how you’ll likely be viewed, allowing you to take proactive steps to improve your own credit health that could result in lower premiums.

Tip 4: Make an age-defying purchase.

Decide if you want to buy a new or used car. Buying a used car can save you a heap of money if you do your research. Since new cars generally depreciate 10 to 35 percent during the first two years, it's a good idea to check the depreciation rate on the car you're interested in by looking up the current price and the price for the same car made two years earlier. On the other hand, many of the factory incentives are on new models, so you may get a better deal with a new car right now. It’s important to shop around to find the best deal for you.

Tip 5: Luxury vs. economy -- calculate how much you can afford.

Before you decide that a car is right for you, it's a good idea to evaluate your balance of debts and assets to see how much you can really afford. Also determine if you have a trade-in or down payment to help you pay for the car. These assets can help you negotiate a better rate with lenders and can be especially important if you have problem credit.

Tip 6: Navigate your options.

When you're ready to talk to lenders it's a good idea to shop around for the best available interest rate. Visit your local bank or credit union to discuss applying for an auto loan. Financing with the car dealer can sometimes be more expensive, so pricing out your options is a good idea. And don’t worry. Shopping your loan with multiple lenders over a several weeks will generally have the same net effect on your credit reports as checking only with one lender.

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Cutting The Cost Of Buying A Car

Car buyers are cutting the cost of buying a car by looking at CPO's or Certified Preowned Vehicles. In this economy everyone wants to save money and a car purchase is an expensive, but necessary, purchase. Read on and find out how AutoTrader suggests we can save money on buying a car.

(NAPSI)-Experts say the best way to drive down the cost of the next vehicle you purchase may be to look for a CPO-or "certified preowned"-car, truck or SUV.

CPOs, which are becoming increasingly popular with consumers, allow people to benefit from the typical affordability of a used car and the security that comes with a factory-backed warranty. Indeed, certified sales have become a bright spot for the automotive industry, with sales for 2009 showing double-digit growth against the year before.

CPO vehicles are generally several-year-old cars, trucks or SUVs that have been returned to the dealer after being leased. Most CPO vehicles on lots currently range from 2005 to 2007 model years, though it is possible to find 2008 and even the occasional 2009 model year vehicles for sale as well.

Details of manufacturers' CPO programs vary but typically involve an extended warranty and assurances that the car has been carefully scrutinized during a comprehensive, multipoint inspection. Automotive Web sites such as AutoTrader.com can be useful resources for learning about and comparing CPO programs.

CPO Benefits

Experts say that buying what is essentially a factory-backed used vehicle can save consumers money. While a CPO car will generally cost between $500 to $1,000 more than a used car lacking the inspection guarantee, it also will likely cost thousands less than a nearly identical brand-new model. For consumers, this can translate into car payments that will often match the lease payments on a new car, truck or SUV.

Growing Trends

Another factor driving consumers to CPOs is that many are finding it more socially acceptable to buy used. Car buyers, especially those in the luxury sector, find that buying certified gives them many of the perks of buying new, such as access to factory-sponsored maintenance programs, without the worries of appearing fiscally irresponsible in a down economy.

"For a consumer wanting the prestige and customer service that comes with owning a luxury car, balanced with the sensibility of purchasing used, buying CPO is hard to beat,"

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Buying A Used Car Instead Of A New One?

Progressive Insurance tips when you are buying a used car instead of a new one.

In today's unstable economy, you might be in the market for a used car instead of a new one.

But used car shopping isn't easy-it requires a keen eye and an inquisitive nature. Before you buy a used vehicle, here are a few tips from leading car insurer Progressive to make sure you're getting your money's worth:
Ask about previous damage. Has the vehicle ever been in an accident or a flood? Get details on the extent of damage if it has. And inspect the vehicle closely, looking for these "red flags":


• Mismatched vehicle identification numbers (VINs) on the vehicle title, dashboard, driver door panel, hood or trunk;

• Mismatched paint on exterior body parts, or paint-over spray on interior parts such as door edges and the engine compartment;

• Missing bolts or uneven welding in major areas, such as the front-end core support or the trunk.

Ask for routine maintenance records. The owner should be able to provide information about what service work has been done.

Buy a vehicle history report. Get the vehicle's VIN, then go to www.carfax.com or www.autocheck.com and purchase a vehicle history report. The history will show past owners of and damage to the car, as well as mileage and title history. Some state motor vehicle departments may also provide some of this information.

Check out the seller. Some unscrupulous sellers may try to sell a poorly repaired salvage vehicle, which means it's been totaled before and they've rebuilt it. If you're buying from a car dealer, check with the Better Business Bureau. If the seller is an individual, look through the classifieds for other vehicle ads with the same phone number-this is a sign of an unlicensed broker who sells used vehicles by posing as the owner.

Ask a professional to inspect the vehicle. Take the vehicle to a mechanic or body shop you trust. Have them inspect the vehicle inside and out for previous repairs and the quality of any repair work they discover.

Research insurance costs. Before you buy, ask your local independent agent or broker how much your car will cost to insure. And while you're there, make sure you have the right coverages for your vehicle. For example, if you're buying an older or more inexpensive car, you might want to consider dropping Comprehensive and Collision coverages.

Following these tips can help you avoid any unwelcome surprises from your new (used) car.

For more information or to find an agent nearby, visit www.progressiveagent.com.

Used car shopping requires a keen eye and an inquisitive nature.

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Buying A Used Car Instead Of A New One Buying Used? How to Avoid Getting Bitten by Repair Costs

If your old clunker is gasping its last, you might think (like millions of other Americans these days) you can save yourself some money by buying a used car instead of a new one. You can -- if you make smart buying decisions. Hasty or unwise used-car buying can end up costing you much more in the long run.
As new car sales have crashed, purchases of used cars continue to rise, according to many news reports. In March, PBS reported that dealerships sold more than 2 million used cars in recent months, about 25 percent higher volume than you would expect in a healthy economy. The math behind the trend is simple: new cars cost more than used, depreciate faster and are generally costlier to insure, so more Americans are buying used to save money.

But what about repair expenses? If you buy a used car for $15,000 and it costs you $5,000 in repairs in the first year, have you really saved? To ensure you’re buying a used vehicle that won’t turn into a money pit, follow a few simple steps:

Early in the Process:

Repairs are a reality of used car buying. As vehicles get older, they begin to need more maintenance and repairs. Some newer model used vehicles may still have some factory warranty left, but older models usually do not. An impending need for repairs, however, may not necessarily be a deal-breaker if you find out ahead of time how much those repairs might cost and budget appropriately.

You probably already have a few makes and models in mind. Before you settle on one, compare the cost of the parts needed for the most common repairs and maintenance. One model may have a sales price that’s $5,000 less than another you’re considering, but if the cost of parts is 20 or 30 percent higher than parts for another vehicle, the higher priced model might actually be a better deal.

Turn to resources like RockAuto.com to compare parts prices. The site’s Repair Index automatically pulls prices from the company’s vast auto parts catalog based on year, make, model and type of part. It’s a quick, easy way to compare parts costs for different models and the results can be surprising.

For example, you might think a Chevy Metro is an economical car, but parts for one can be expensive, according to RockAuto, which sells parts for an average 20 to 60 percent less than other parts dealers. The bulk of the company’s business is selling parts direct to consumers, so it’s possible to save even more money by buying parts directly and doing repairs yourself. Visit www.RockAuto.com to learn more.

Next, check the repair history for a particular make and model from a credible source like Consumer Reports. The independent ratings organization maintains a huge database of information on virtually every make and model vehicle available in America. Actual owners and drivers contribute the information based on their experiences with a particular vehicle.

Once You’ve Narrowed it Down

When you find a vehicle you’re interested in, check the repair history and maintenance for that specific car. Pull a vehicle history report from a third-party source like CarFax, which will generally list major (reported) maintenance and accidents. The report can also help you spot discrepancies in odometer readings, if the vehicle has been used in an area prone to flooding, or if it’s been rebuilt after being in an accident so severe it was declared a total loss.

Never buy a used car until you’ve had it checked by your own mechanic – not even from a dealership that offers “certification” on its used vehicles. If a seller isn’t willing to let you take the vehicle to your mechanic, walk away.

Finally, consult your insurance agent to see how much it will cost to insure the vehicle. A used car that actually increases your annual premium may not be the great deal you thought it was

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Ford Focus Is 'Comfortable And Versatile'

The UK's best selling car at the moment; the Ford Focus, is a comfortable and versatile mode of transport, according to the manufacturers, who claim the latest model is longer and wider than before.

With a variety of body shapes available in several trim levels, the Ford Focus costs from £11,395 on-the-road for the three-door 1.4 Studio model, to £19,200 for the 1.6 16-valve TDCi Titanium estate with Durashift CVT transmission.

The most basic Studio model standard equipment including electrically operated front windows and central locking, while its low car insurance rating in group 4E will have been aided by the array of safety features in and around the vehicle.

These include features such as Ford's Intelligent Protection System, including driver and front passenger airbags, side airbags and front seatbelt pyrotechnic pre-tensioners, while standard anti-lock braking with electronic brake force distribution will help to avoid accidents happening in the first place due to drivers locking up.

Additionally, the ISOFIX seat mounts allow drivers with young families to secure child seats much more easily in the back of the car.

Indeed, Ford manufacturers describe the car as the safest in its class, citing its five star Euro NCAP rating factors that are crucial in deciding a particular vehicle's motor insurance grouping.

Drivers looking for Ford car insurance may also find the standard security features of interest, such as immobilsers and central locking, which can be operated remotely in the LX models and above.

The Ghia model, which includes various luxury features, is fitted with a Thatcham category one volume sensing alarm, to ward off burglars and keep car insurance claims to an absolute minimum.

Except for the range of high-performance Ford ST models, the maximum motor insurance grouping for any car in the Ford Focus range is 10E, which is generally for the Ghia and Titanium range models.

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Ford Focus Is 'Comfortable And Versatile'

The UK's best selling car at the moment; the Ford Focus, is a comfortable and versatile mode of transport, according to the manufacturers, who claim the latest model is longer and wider than before.

With a variety of body shapes available in several trim levels, the Ford Focus costs from £11,395 on-the-road for the three-door 1.4 Studio model, to £19,200 for the 1.6 16-valve TDCi Titanium estate with Durashift CVT transmission.

The most basic Studio model standard equipment including electrically operated front windows and central locking, while its low car insurance rating in group 4E will have been aided by the array of safety features in and around the vehicle.

These include features such as Ford's Intelligent Protection System, including driver and front passenger airbags, side airbags and front seatbelt pyrotechnic pre-tensioners, while standard anti-lock braking with electronic brake force distribution will help to avoid accidents happening in the first place due to drivers locking up.

Additionally, the ISOFIX seat mounts allow drivers with young families to secure child seats much more easily in the back of the car.

Indeed, Ford manufacturers describe the car as the safest in its class, citing its five star Euro NCAP rating factors that are crucial in deciding a particular vehicle's motor insurance grouping.

Drivers looking for Ford car insurance may also find the standard security features of interest, such as immobilsers and central locking, which can be operated remotely in the LX models and above.

The Ghia model, which includes various luxury features, is fitted with a Thatcham category one volume sensing alarm, to ward off burglars and keep car insurance claims to an absolute minimum.

Except for the range of high-performance Ford ST models, the maximum motor insurance grouping for any car in the Ford Focus range is 10E, which is generally for the Ghia and Titanium range models.

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World’ best Cars now Available at the most Affordable Prices

Japan is the best providers of the most renowned cars in the whole world. The Japan cars are known for their looks, sturdiness, fuel efficiency as well as costs. The whole world is enamored by the cars that the Japanese car manufacturers come out with. In the recent times of economic recession it is a well known fact that majority of the people all over the world are cutting back on their expenditures.
The idea of buying a luxury car or for that matter even a small car is just beyond their means. However the Japan cars
manufacturers have come up with one of the most practical idea of providing their customers with the affordable used cars. There are some online market places that provide the opportunity to the admirers of the Japan cars to acquire one of their most cherished cars in the easiest of manners.

These online marketplaces can provide you with the plethora of options among the various types of Japan cars. The luxury cars, the mid section cars, and the sports utility vehicles are all available at these market places. Once you have made the choice of the type of the car that you wish to buy you would be immediately taken to the website of the car manufacturer. The inventory that these online marketplaces of Japanese cars for sale have is updated and can provide you with the information on the latest affordable used cars.

So just go ahead and buy the most admired cars in the world even in the times of recession.

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