What ‘As Is’ Features Should You Avoid?

How-to-haggle_2705082bBuying a car ‘as is’ can be a great deal because you get a very low price on the car, but it can also be a problem if you’re not careful. That’s because you never really know what you’re getting when you decide to purchase the vehicle and you could end up with something that isn’t even worth the low price that you paid. As a result, you end up wasting money and then have to purchase another vehicle after you’ve already paid for this one but you can’t use it.

You want to watch for vehicles that look or smell like they’ve been in a flood. If it seems musty that’s a sign that there’s water damage and you definitely don’t want to buy that vehicle. Flooded vehicles are not going to run very well or very long, if at all, but that doesn’t mean that unethical dealers won’t try to sell them to you.

Also, watch for signs that the vehicle has been totaled out. If there are bent pieces under the vehicle or the tires seem bent this is not a good sign and it’s something you’re going to want to investigate more carefully or walk away from entirely.

If the vehicle looks stripped this is generally not a good option either. You don’t know what might have been taken out of the vehicle that may be important to its overall ability to run. Sure you may not think you needed that AC, but you’re definitely going to notice that it’s missing when it’s time to drive in the heat. Other aspects of your vehicle may be even more important and you don’t want to find those pieces missing later on and have to repair the car yourself.

You’re also going to want to look at the mechanics. The car should be drivable even in ‘as is’ condition. You don’t want to get anything that’s not capable of being driven because you’ll find that you need to put a whole lot of money into it. The engine and all required pieces should be there and should be in good enough condition that they’re going to last at least a little while. Otherwise you’ll end up spending even more than the vehicle may even be worth to get it into driving condition and if you can’t drive it you’ll never know what all might be wrong with it until you start putting those pieces in.

No matter what type of car you’re looking at buying you want to make sure that you’re carefully looking it over. The more you know about the vehicle before you get started the better off you’re going toe and the less money you’re going to have to spend in order to get to using it. So make sure you pay attention and make sure that you’re getting a good loan to start out with so you can buy the car you really want. You can find out more about that right here and even start your application.

How to get Car Loan in Toronto Approved Within 24 Hours

You will meet so many car dealers in your lifetime. That is if you need to change cars every once in a while or if for one reason or another you need to hire cars every month.

You will be surprised at how each car dealer is different from the other. In the end, you will find it hard to claim that you understand the car market. Such claims can only be left to car dealers themselves. You don’t have to worry about being clueless though. That is because shopping for a car is more often than not, a simple process that should be fun if not enjoyable. So just how do you start? What do you consider? Read on to find out.

  1. Financing Options

Auto-Loan-Refer-ExpertsThere are so many lenders out there who make it easy for one to borrow some cash to finance a car. Some will even claim to come to the rescue of people with bad credit scores. Don’t believe everything you hear or everything they say. When the deal sounds like music to your ears, think twice. You can easily end up in a debt rat race. Simply stick to car financing institutions that have curved out their names over the years as trustworthy and reputable.

Finding auto financing that fits your budget is easy, if you know where to look. Many consumers rely on the dealership to find financing for their new vehicle; this process usually takes hours to complete and leaves you at risk of:

  • Agreeing to Terms You Can’t Afford
  • Getting Looped into Purchasing Contingencies
  • Agreeing to Unnecessary Upsales
  • Leaving Empty Handed

These risks are easily avoided when you are fully prepared and know what to look for when shopping.

Take note of the following tips on financing cars with bad credit in Toronto. This will help you make the right decisions when applying for a car loan.

Affordable Terms

Setting a budget and knowing what you can afford can help you to gain financing with affordable terms and payments. If you have less than perfect credit you still have several financing options; unfortunately those options often translate to:

  • High Interest Rates
  • High Monthly Payments
  • Long Loan Terms

Setting a budget can help you avoid agreeing to unrealistic terms.

Purchasing Contingencies

A salesman number one goal is to get you into a vehicle. One option to get your down payment and put you into a new vehicle is to include purchasing contingencies that includes the possibility of having to be required to return the vehicle and pay the value lost during the time you possessed the vehicle.

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Unnecessary Upsales

Everyone wants to keep their new car looking and smelling new for as long as possible. In effort to keep the car in perfect condition you may agree to unnecessary upsales. Unnecessary upsales include:

  • Protective Undercoat
  • Paint Chipping Protection
  • Upholstery Stain Protection

Some upsales can void the vehicle’s manufacturing warranty. Other times you can save thousands of dollars doing the upsales yourself. You don’t have to be looped into unrealistic terms or walk away empty handed. Be prepared and consider all of your financing options.

  1. Paperwork

paperwork2Buying a car and buying a home have to things in common. Some paperwork is always involved. It gets trickier when the car in question is a highly priced one. Your best bet is to stick to a dealer that can help you handle all the paperwork issues involved. Be particularly careful with second hand cars. Check the previous record; know the previous owner and any other crucial documentation that can come in handy when proving ownership. Avoid any dealer that makes it easy for you to pay in cash and leaves you alone when it comes to doing some background check for the car in question.