Best Selling Cars Blog

JULY 30, 2024

These are the insurance cost, fuels, repairs, taxes, and depreciation. Insurance Car insurance is mandatory by the law and forms a pretty significant portion of the overall ownership cost. The average premium that is paid for car insurance in Austin on a used car is in the range of $1,200–$1,500 annually. per gallon.

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Shawn Ryder

JANUARY 17, 2025

As a new car owner considering purchasing a 2025 Honda HR-V, you might be facing numerous questions regarding insurance options. One of the critical aspects of vehicle coverage is GAP insurance. GAP insurance, which stands for Guaranteed Asset Protection, plays a significant role in the event of a total loss of your vehicle.

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3 Brothers Autosale

DECEMBER 20, 2023

Your credit score is a numerical representation of your creditworthiness, and a higher score opens doors to lower interest rates and better loan terms. Armed with favorable financing terms, you have the upper hand in negotiations. A longer loan term may offer lower monthly payments but could result in paying more interest over time.

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Shawn Ryder

FEBRUARY 14, 2024

If you’re still paying off a vehicle loan, there’s a chance that the insurance payout might not cover the full amount you owe. This is where Guaranteed Asset Protection (GAP) insurance comes into play, providing crucial financial coverage to bridge this gap. What Is GAP Insurance? Why Is GAP Insurance Important?

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3 Brothers Autosale

OCTOBER 4, 2023

You will have more buying power and more options if you choose a used commercial van; it’s also true that your long-term costs are also kept at a bare minimum. For example, used commercial vans are cheaper to insure and repair. It’s always a good idea to make as many savings as possible, especially on the cost of insurance.

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Car Examer

OCTOBER 29, 2024

A good rule of thumb is to keep your total car-related costs (loan payment, insurance, fuel, and maintenance) around 10-15% of your monthly income. Questions to Ask Yourself: How much can you put down upfront? What’s a realistic monthly amount for car payments, insurance, and upkeep?

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Shawn Ryder

FEBRUARY 7, 2024

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

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Shawn Ryder

JANUARY 25, 2025

Consider all associated costs such as insurance, maintenance, and fuel. Down Payment: A substantial down payment can lower your monthly payments and the overall interest paid over the loans term. Long-Term Commitment: Committing to a loan means ongoing monthly payments for several years.

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Shawn Ryder

JANUARY 17, 2025

Understanding Prepayment Penalties Prepayment penalties are fees that lenders may charge borrowers for paying off a loan earlier than the agreed-upon term. Loan Agreement Terms: Not all loans come with prepayment penalties, so it is crucial to read and understand your loan agreement thoroughly.

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Shawn Ryder

JANUARY 18, 2025

The presence of a second vehicle generally signals to the dealer that the customer is serious and may lead to more favorable terms. Insurance Costs: Depending on the provider, insuring two cars can sometimes yield a discount as multiple policyholders may qualify for savings. Can you negotiate for lower monthly payments on both?

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Shawn Ryder

JANUARY 18, 2025

This blog post will delve into the essentials of lease agreements and gap insurance, offering insights on why they matter and how they can protect you financially during your leasing experience. Leasing a vehicle involves an agreement where you pay for the use of a vehicle over a specified term, usually between 2 to 5 years.

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Shawn Ryder

JANUARY 26, 2025

Understanding Truck Leasing Leasing a truck is akin to renting; you make monthly payments for a specified period, usually ranging from two to four years. At the end of the lease term, you can choose to return the truck, purchase it at a pre-agreed price, or extend the lease. 10,000 to 15,000 miles per year).

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Car Examer

SEPTEMBER 17, 2024

Fortunately for new car owners, most car dealers provide flexible payment terms to help you spread out your payments over time and make the repayment cost more reasonable. This allows buyers to get either a better deal or better payment terms for their purchase. For used cars, there’s also the used car loan.

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Your Car Buying Advocate

DECEMBER 5, 2023

When you start leasing a vehicle, you must make a down payment. However, this down payment is significantly lower compared to buying a car outright. Lease terms may vary, encompassing mileage limit, specific vehicle models, geographical locations, employment history, and credit scores.

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Shawn Ryder

JANUARY 20, 2025

Credit unions may also provide lower rates and more flexible terms. This can be convenient, but its important to compare the terms with those offered by banks or credit unions. Leasing: Leasing offers the ability to drive a new vehicle for a lower monthly payment compared to buying. Term: This refers to the length of the loan.

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Davey Auto Sales

MAY 25, 2023

Some things you can do to boost your credit score include: Keep all accounts current Don’t open too many new credit accounts Have credit report errors fixed Make A Larger Down Payment Many financial experts suggest putting down at least 10 percent for a down payment for a pre-owned vehicle.

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Full Path

JULY 30, 2024

Some households allocate up to 30% of their monthly budget to vehicle-related expenses, including payments, insurance, fuel, and maintenance. One promising approach is to focus on reducing monthly payments, which are crucial for many consumers. Leasing has re-emerged as a key strategy to achieve this goal.

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Shawn Ryder

JANUARY 17, 2025

They may encounter terms and concepts like APR (Annual Percentage Rate), credit scores, down payments, and loan terms, which can be confusing. Potential buyers often inquire about their eligibility and how their scores impact their loan terms.

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Shawn Ryder

JANUARY 28, 2025

Budget: What is your budget for both the purchase price and ongoing expenses like insurance and fuel? Gather financing offers from each dealer and consider: Interest rates Loan terms Down payment requirements Incentives and Rebates Inquire about any manufacturer incentives that may be available at each dealership.

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Shawn Ryder

JANUARY 18, 2024

If you’re confused about the term “upside down” when it comes to car loans, don’t worry – you’re not alone! Being upside down on a car loan simply means that you owe more money on the loan than the car itself is worth. When you first buy a car, it starts to lose value almost immediately.

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Car Examer

OCTOBER 15, 2024

Financing and Your Budget Whether you repair or buy, think about your budget : Upfront costs : Buying a used car might mean a down payment and possibly a loan. Make sure you factor in monthly payments, interest rates, and insurance. Will more repairs pop up soon?

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Solera

JUNE 12, 2023

Lease-purchase Plan: This type of lease favors trucking entrepreneurs with bad credit or who lack the funds for a down payment. However, this leasing arrangement carries a high-interest payment. When the lease expires, you can purchase the truck for its residue value or allow the leasing company to sell it.

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Car Examer

OCTOBER 19, 2024

Hire Purchase (HP) With Hire Purchase (HP) , you pay a deposit upfront, then make monthly payments to effectively “hire” the car. Once you’ve made all the payments, the car is officially yours. Why HP Could Work for You: Flexible terms : You can choose how long you want the contract to last, usually between 1 to 5 years.

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Shawn Ryder

JANUARY 17, 2025

The nature of this choice profoundly influences your financial situation, driving experience, and long-term ownership. Maintenance and Warranty Benefits Most leased vehicles are new and under warranty: Covered Repairs: Maintenance and repair costs are often covered, allowing for worry-free driving during the lease term.

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AutoRaptor

APRIL 23, 2024

If you’re considering buying a car, you’ve probably come across the term “buy here pay here” dealerships. Secondly, these dealerships are often more lenient in terms of credit requirements, making it easier for individuals with low credit scores to get approved for a loan.

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Your Car Buying Advocate

JULY 31, 2023

We’ll explain these terms in a way that’s easy to understand, so the next time you’re at the dealership, you’ll feel like a car-buying expert. MSRP and Invoice Price Let’s start by learning two important terms: MSRP and Invoice Price. Ready to become a savvy car shopper? They all mean the same thing.

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Shawn Ryder

JANUARY 26, 2025

Leasing a vehicle has become a popular choice among consumers, providing flexibility and lower monthly payments compared to purchasing a car outright. However, as the lease term comes to an end, many wonder whether to return the vehicle or opt to purchase it. Do you have enough savings to cover the down payment or purchase price?

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