Cars and Transportation http://www.wisebread.com/taxonomy/term/4812/all en-US You Can't Make It as a One-Car Family: Now What? http://www.wisebread.com/you-cant-make-it-as-a-one-car-family-now-what <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/you-cant-make-it-as-a-one-car-family-now-what" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-507846204.jpg" alt="going from a one-car family to two cars" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Having only one car seemed like a great idea, at first. It would save money, and surely you could all work out your schedules so that you could pass the car around, or drop each other off, or whatever.</p> <p>But then she got a new job across town, or you started working a lot of overtime. Maybe the car broke down and no one could get anywhere for three days, or your social schedules didn't overlap so well. Maybe sharing the car was causing so much friction that it was making the entire marriage feel hard.</p> <p>Whatever the reason, sometimes being a one-car family just doesn't work, or doesn't work anymore. Guess what? That's not the end of the world. Sure, it's more expensive to have two cars, but if that's what you need to do, then that's what you need to do. Here are some ideas to help you think through getting a second car and minimizing the impact on your finances.</p> <h2>Check the Problem</h2> <p>Is the car really the problem? And is getting another car the best solution to the problem?</p> <p>If you're fighting a lot and most of your fights are over the car, try to determine whether you're actually fighting over the car. Maybe, instead, one of you feels controlled by the other, or you're taking another frustration out on the car situation. Getting another car will only help if the car is actually the central problem.</p> <p>And if the distance to work is changing, consider whether moving might be a better option. Would you be happier, overall, if you had a shorter commute? Or, is there any way for one of you to use public transit, at least some of the time?</p> <p>Many times, getting a second car is the answer. But make absolutely sure it's the answer for you before you buy.</p> <h2>Consider Your Needs</h2> <p>Okay, so you definitely need a second car. But what kind of car, and how much car, do you need?</p> <p>If your second car is mainly going to be a commuter car, you can probably get something that is smaller and older, and therefore cheaper, than the cost of a new car. Sure, you still want to make sure it is reliable and in good working order, but you may not have to spend as much as you had first thought.</p> <h2>Re-Budget</h2> <p>Before you get a second car, consider all of the costs involved. There's not only the initial purchase of the car (or the down payment and regular monthly payments, if you go that route), but increased costs for maintenance, gas, and insurance, as well as any money you might invest in upgrading your vehicle (rims, speakers, stereo, etc.).</p> <p>Make sure your budget has room for these things before you buy, so you aren't blindsided when they come up. Having your money in order will make you feel more confident about this new decision.</p> <h2>Think of the Children</h2> <p>If you have kids or are planning to have them, consider car seats and their placement before you buy a second car. Will you need both cars to be able to transport the children? Will you want to swap car seats in and out or have separate seats for each car? Do your current seats fit in your new vehicle, with enough room for you to help buckle, unbuckle, etc.?</p> <p>These may seem like silly questions, but they can save you money later. If you buy a vehicle now that will meet your needs not only now but also in the future, you won't have to go through the hassle of selling a car and getting another one if things don't fit later on.</p> <h2>Plan Ahead</h2> <p>Before you go car shopping, decide which one of you will drive the new car and which one will keep using the old one. This may be a choice of personal preference, but there could also be good reasons why one or the other of you should have the new vehicle. Consider gas mileage, distance driven each week, commute time, comfort, and more.</p> <p>While you both should help choose the new car, recognize that some aspects of it will come down to who is going to drive it more and what they need and prefer. This can help in the selection process and may help make the ultimate choice of vehicle more straightforward.</p> <h2>Find Discount Gasoline</h2> <p>When you're driving two cars, you may be surprised at the cost of gasoline. If you can, try to find a discount program in your area. Many people find that they save by buying gas from Costco or Sam's Club, though you have to have a membership to use those stations.</p> <p>Other people get their fuel through a grocery store program. Kroger's is good, and they have stores throughout much of the United States. Albertson's also has one, though their stations are difficult to find in some parts of the country.</p> <p>Finally, most states have discount gas stations &mdash; places where they just charge less. In my area of the country, Sinclair and Valero tend to be cheap. They're usually a little out of the way, but aren't hard to hit if you know where they are and work them into your daily routine. You can save hundreds of dollars a year this way, depending on where you live and how much you drive.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/you-cant-make-it-as-a-one-car-family-now-what">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-smart-ways-to-boost-your-gas-mileage">11 Smart Ways to Boost Your Gas Mileage</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-reasons-why-you-should-never-buy-a-new-car">3 Reasons Why You Should Never Buy a New Car</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-does-it-cost-every-time-you-get-into-your-car">How Much Does it Cost Every Time you Get Into Your Car?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-times-you-can-score-a-great-deal-on-a-new-car">5 Times You Can Score a Great Deal on a New Car</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-cars-you-can-drive-almost-forever">6 Cars You Can Drive (Almost) Forever</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation commuting compromising driving new cars one car family two car family vehicles Mon, 05 Dec 2016 12:30:06 +0000 Sarah Winfrey 1845596 at http://www.wisebread.com 8 Secrets to a Higher Car Trade-In Value http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-secrets-to-a-higher-car-trade-in-value" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/hands_car_money_33988744.jpg" alt="Learning secrets to a higher trade-in value" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Not many of us relish the idea of spending time haggling over the price of a car. When it comes to your trade-in, it's the classic battle of wills; you want as much as possible for it, and the dealer wants to give you as little as they can. How do you win? What does it take to squeeze the most money out of the car you're handing over? Here's what you need to know, and do.</p> <h2>1. Never Mention Your Trade-In</h2> <p>The biggest mistake people make when they buy a new car is letting the salesperson know about their trade-in. It's one of the first things you'll be asked, too. &quot;So, what are you planning to trade-in today?&quot; is thrown your way, and most of us automatically point to the car we're in, or mention it in some other way. Before you know it, the dealer is looking around your car, umming and ahhing, and writing all sorts of things down.</p> <p>But what he or she is actually doing is figuring out how to deal with your trade-in and the new car as a package deal. When the paperwork comes out, it can suddenly get very confusing, and the price of your trade-in can fluctuate as the salesperson tries to get you to pay as much as possible for the new car, while giving you as little as they can for your trade.</p> <p>So, don't mention it. Don't even acknowledge it. Simply say that you want to negotiate the price of the new car, and only when that has been set in stone should you bring up the trade. That way, you know exactly what you're paying for the new car, and just what you're getting back from the trade-in.</p> <h2>2. Know the Going Rate for Your Car</h2> <p>This is not the 1970s. You have a wealth of information available at your fingertips (quite literally with smartphones) and you can arm yourself with every piece of financial data that will help your case. Dig around. Find out what your exact year, make, and model is going for, accounting for the mileage and condition. If you see that the average price for your trade-in (not private sale) is $7,200, and the dealer offers you $5,600, then you know you're being lowballed.</p> <p>Have the evidence with you. Use sites like <a href="http://www.kbb.com/">KBB</a>, <a href="http://www.nadaguides.com/">NADA</a> and <a href="http://www.searchtempest.com/">Search Tempest</a>. Bring printouts that you can show, highlighting the sales that support your asking price. But, be realistic, too. If sales of your particular make and model are sluggish (which happened to gas-guzzling vehicles when the price of gas skyrocketed), you can't expect the dealer to pay top dollar for something that will spend months on the lot.</p> <h2>3. Get Your Car Detailed</h2> <p>Whether you put the time in yourself, or pay a professional to do it, you must get your vehicle detailed before showing up at the dealership. At the very least, running it through a car wash can add several hundred dollars to the value. However, the cleaner and fresher you can make the car, inside and out, the more you will get for it. So do a thorough job, which includes cleaning and polishing the wheels and adding tire shine, cleaning all the windows, shining the leather or vinyl, removing any stains from fabric, shampooing the mats and carpet, and even spraying a little &quot;new car smell&quot; aerosol inside. Make it look as new as possible.</p> <h2>4. Fix What Can Be Fixed</h2> <p>This can be a tough call. If your car needs thousands of dollars in repairs, but doing them all puts you in the red based on the trade-in value, then don't do it. You have to recoup more than your investment. But if a few small items can be fixed at minimal cost, go ahead and get them done. Superficial things like broken wipers or missing valve stem caps make the car look like it wasn't cared for. Definitely change broken lights, including any in the cabin or trunk, and do what you can to mend tears and scrapes.</p> <h2>5. Get Rid of Any Dents, Dings, Scratches, and Holes</h2> <p>The bodywork on a car is the first thing anyone notices. Even if the car is in superb shape mechanically, the sight of scrapes, dents, and rust holes is incredibly off-putting to a buyer, and the dealership knows this. They will have to get all of that fixed, and so they will offer you less than the car is worth. However, it can be very affordable to get bodywork spruced up, and there are also tools available, starting at as little as $10, that can bring out dents and smaller scratches. When you're done with all that, a few coats of wax buffed to a high shine will really help boost the price.</p> <h2>6. Choose the Right Time of Year</h2> <p>For some cars, it may not make much of a difference. But on 4x4s, AWDs, convertibles, sports cars, and gas-guzzlers, <em>when </em>you choose to trade it in can have a huge impact on the price you'll get for it. For instance, when the winter months hit, there is much greater demand for used 4x4 and AWD vehicles. When there is greater demand, the prices go up, and as such, the price you will get can also go up. In the summer, the demand is not as great, so prices drop. Conversely, sports cars and convertibles are much more desirable when the sun is shining and the roads are dry. You will get more money for those cars if you sell them in summer. By the time winter comes around, the benefits of those cars are hampered by the weather.</p> <h2>7. Bring as Much Documentation as Possible</h2> <p>Cars are a lot like works of art; the more history you have on them, the more they're worth. In the art world, that's called provenance. With vehicles, it's things like service repair bills, oil changes, upgrades, and anything else that accurately documents how you have taken care of the car. It's all very well to say &quot;Oh yeah, this car has been cared for like royalty&quot; but without proof, it's not going to go very far. With a detailed service history or logbook, you offer proof of the car's history. That gives the dealer a selling point, and it means the car can fetch a higher price.</p> <h2>8. Come With Offers From Other Dealerships</h2> <p>Nothing motivates a salesperson to negotiate quite like the threat of going somewhere else. So, before you step foot on a lot, use the Internet and your phone to get quotes from other dealerships. You may have to take the car to them to get an accurate appraisal. When you have four or five offers in hand, use them to haggle and raise the offer price. When you have the best one you think you can get, go to the dealership that has the new car you want, armed with the offer from their rival. If they say the car is worth $3,500, and you have an offer of $4,200 from the dealership down the road, they will quickly re-asses their own offer.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-buy-your-leased-car">Should You Buy Your Leased Car?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-magic-words-to-say-to-get-the-best-new-car-price">10 Magic Words to Say to Get the Best New Car Price</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-times-you-can-score-a-great-deal-on-a-new-car">5 Times You Can Score a Great Deal on a New Car</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-new-car-costs-the-dealer-is-hiding-from-you">10 New Car Costs the Dealer Is Hiding From You</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-buy-a-used-car-without-getting-ripped-off">How to Buy a Used Car Without Getting Ripped Off</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation bargaining dealerships detailing kelley blue book negotiating new car trade in value Tue, 15 Nov 2016 10:30:29 +0000 Paul Michael 1833140 at http://www.wisebread.com The Problem With Car Title Loans http://www.wisebread.com/the-problem-with-car-title-loans <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-problem-with-car-title-loans" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/car_coins_money_49234302.jpg" alt="Learning the problem with car title loans" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Your electric bill is due in three days and you don't have enough cash in your checking account to cover it. Or maybe a big credit card bill just arrived in your mailbox and you don't have enough dollars to even afford the minimum required payment.</p> <p>Should you take out a car title loan, a way to turn the title of your vehicle into quick cash?</p> <p>Most consumer advocates say &quot;no.&quot; Car title loans, they say, come with exorbitant interest rates. And the companies making them target consumers whom they hope won't pay them back on time. This way, the lenders who originate these loans make extra money on penalties and fees.</p> <p>Read on to learn more about car title loans &mdash; and why you should avoid them.</p> <h2>How Title Loans Work</h2> <p>Car title loans are fairly simple. You provide a lender with the title of your car as collateral. You can then usually borrow up to 50% of the assessed value of your car. To not incur any extra fees, you usually must pay the loan back in 30 days.</p> <p>If you don't pay the loan back, your lender will have your car repossessed. It's why most title lenders require that you drop off a copy of your car keys when you take out the loan.</p> <h2>Exorbitant Interest Rates</h2> <p>The biggest negative with car title loans are the sky-high interest these lenders charge. According to the Federal Trade Commission, title loans typically carry an <a href="https://www.consumer.ftc.gov/articles/0514-car-title-loans">annual percentage rate of 300%</a>. A report by the Center for Responsible Lending in 2013 summed it up this way: If you borrowed $1,000 for a month from a title lender, you'd typically pay $250 in interest. That is exorbitant.</p> <h2>Predatory Lending</h2> <p>Critics lump title lenders in with the originators of payday loans, saying both types of lenders are <em>predatory</em>. The Center for Responsible Lending, for instance, says that title lenders target consumers who are less likely to pay their loans back on time. Lenders like this because they can then force these consumers to refinance or &quot;roll over&quot; their loans several times, paying more fees and interest each time. When these consumers finally do pay back their loans, the title lenders have earned plenty of profit. (See also: <a href="http://www.wisebread.com/10-terrible-loans-you-should-avoid?ref=seealso">10 Terrible Loans You Should Avoid</a>)</p> <p>The center said in its 2013 report that title loan borrowers renew their loans eight times on average, paying an average of $3,391, or nearly three times what they initially borrowed.</p> <p>And if consumers don't renew their loans and simply stop paying? Then title lenders simply take their borrowers' cars and sell them. Either way, the title lenders make a solid profit on their loans.</p> <h2>Car Title Loans Are Big Business</h2> <p>Car title loans generate plenty of money each year. The Center for Responsible Lending reports that each year, car title lenders earn $4.3 billion in fees on loans that total $1.9 billion. Title Max is one of the bigger of these lenders. The company says that since opening in 1998, it has expanded to more than 1,100 locations in the United States.</p> <h2>Fast Cash Alternatives</h2> <p>You know that title loans are a bad deal. But what alternatives do you have if you need fast cash?</p> <p>There are some. Of course, they all come with drawbacks, too. It's not easy to find a great deal when you need money quickly.</p> <p>Your best bet might be to borrow money from family members or friends. Make sure, though, that you pay back these loans quickly. Otherwise, you can easily ruin your relationships.</p> <p>If you can't borrow money from friends or family, there are always credit unions and banks. You can apply for a personal installment loan from these sources. In an installment loan, you'll pay back a portion of your debt every month, with interest, until it is paid off. Banks and credit unions will charge you interest on their loans, but their interest rates will be far lower than the interest you'd pay on a car title loan. The challenge? You might not qualify for one of these loans if your credit is weak. The application process might take time, too, meaning that you might not gain access to the money you need before your other bills come due.</p> <p>You can also turn to your employer for help. Maybe you can secure an advance on your next paycheck that you can use to pay off your upcoming bills. The problem here, of course, is that your next paycheck when it does arrive will be smaller. At the same time, your boss might reject your request, and this can make for an awkward office environment.</p> <p>The truth is, there is no perfect option when you need cash and you need it in a hurry. The best approach is to build up an emergency savings fund that you can tap whenever a financial emergency arises. Financial experts say that you should have at least six months' worth of living expenses saved in one of these funds at all times. (See also: <a href="http://www.wisebread.com/change-jars-and-8-other-clever-ways-to-build-an-emergency-fund?ref=seealso">Change Jars and Other Clever Ways to Build Up an Emergency Fund</a>)</p> <p>That sounds overwhelming, but there's nothing wrong with building up that fund slowly. Deposit what you can each month, even if it's as little as $50. Before long, you'll have grown a solid emergency fund. Then you won't have to worry about title loans or other sources of fast cash.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/the-problem-with-car-title-loans">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-invest-when-youre-in-debt">6 Ways to Invest When You&#039;re In Debt</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/beware-of-these-common-debt-consolidation-traps">Beware of These Common Debt Consolidation Traps</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/refinance-these-4-common-debts-before-year-ends">Refinance These 4 Common Debts Before Year Ends</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-mortgage-secrets-only-your-broker-knows">4 Mortgage Secrets Only Your Broker Knows</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-surprising-things-lenders-check-besides-your-credit-score">4 Surprising Things Lenders Check Besides Your Credit Score</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation borrowing money car title loan fees interest rates lenders predatory loans Fri, 21 Oct 2016 10:00:21 +0000 Dan Rafter 1816945 at http://www.wisebread.com 5 Times You Can Score a Great Deal on a New Car http://www.wisebread.com/5-times-you-can-score-a-great-deal-on-a-new-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-times-you-can-score-a-great-deal-on-a-new-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_driving_happy_70095497.jpg" alt="Woman scoring a great deal on a new car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to scoring a new set of wheels, most personal finance experts would agree that used is best. However, used is not always an option if your partner wants a new vehicle or if you are looking for a specific vehicle to accommodate your driving needs. That's where these tips come in.</p> <p>Buying a new car at these times can help you land a lower price on your new vehicle. Remember to work on your negotiating skills before heading to the dealership.</p> <h2>1. Labor Day</h2> <p>Labor Day has already passed this year, so keep this information in your head for future reference. Market Watch said, &quot;The time around Labor Day seems to be the sweet spot for bargain hunters, as new models jostle for space on dealers' lots with the outgoing ones.&quot; Many dealerships will offer cash back rebates and other incentives to get you to buy, so take advantage of these offers.</p> <p>We bought our Kia Sorento on Labor Day in 2012. We were initially looking at a used version, but the new model ended up being less due to not having unnecessary trim, and it came with better offers. To qualify for a $1,500 discount, we had to do a loan through them, which at 4% was horrible. We called a credit union the next day and refinanced the loan to under 2%. Sorentos were then in a settlement suit that year, which means we get reimbursed for a percentage of our gas for the life of the car &mdash; so that car is not going anywhere soon.</p> <h2>2. The End of the Year</h2> <p>Just because you missed Labor Day doesn't mean you can't still get a great deal. October, November, and December are all good months to shop too, since dealerships are trying to clear out all current year models before the New Year.</p> <p>Waiting until right before the New Year can result in the biggest discount, but it can also leave you with limited choices. Even when we bought the Sorento in 2012, the options for a 2012 model were slim. The dealership had already cleared out almost all of its 2012 inventory.</p> <h2>3. After a Huge Model Redesign</h2> <p>If the car you have your eye on has a significant model redesign, then the current model should be at a huge discount. Just make sure that you know the reasons for the huge change. Is the redesign for appearance reasons or was it to fix a number of recalled safety issues?</p> <p>I strongly recommend getting a one month pass for <a href="https://ec.consumerreports.org/ec/cro/order.htm?INTKEY=I57HLT0">ConsumerReports.org</a> for $6.95. Consumer Reports makes it simple to research car models, common problems with certain models, and recalls. It was Consumer Reports that swayed us from getting another model that had a lot of issues.</p> <h2>4. The End of the Day at the End of Month</h2> <p>If you can go to the dealership at the end of the day on the last day of the month, you have a better chance at saving money, even if there are no rebates or incentives available. Many salesmen need to meet a certain quota by the end of the month, which could put you in a great negotiating position. Plus, some salesmen are willing to lose money on a few cars if it means they will qualify for a special bonus.</p> <p>Sundays have also been proven to be a day of better discounts, especially to buying a car on Friday or Saturday. For example, going in Sunday, October 30 this year might be an opportune time to get a good deal. Sellers know they won't get many buyers on Halloween, and they still have to meet certain numbers before the month ends.</p> <p>If you do want to buy a car at the end of the day, try picking out the car and test driving it ahead of time. This way you won't be trying to look at prices and check for issues in the dark. (See also: <a href="http://www.wisebread.com/17-things-car-salesmen-dont-want-you-to-know?ref=seealso">17 Things Car Salesmen Don't Want You to Know</a>)</p> <h2>5. Black Friday</h2> <p>Car dealerships have jumped on the bandwagon when it comes to Black Friday deals. So instead of hitting up the mall for Black Friday shopping, visit your local dealership. The best part is that you do not have to wake up early.</p> <p>It is best to test drive and look at cars ahead of the sale so that you don't feel rushed or pressured. Black Friday is built upon shopping hype and impulse buys, which are not needed when you are considering a large purchase.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/5-times-you-can-score-a-great-deal-on-a-new-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/for-the-best-deals-of-the-year-shop-labor-day-and-skip-black-friday">For the Best Deals of the Year, Shop Labor Day and Skip Black Friday</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">8 Secrets to a Higher Car Trade-In Value</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-things-you-should-always-buy-at-department-stores">6 Things You Should Always Buy at Department Stores</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-big-list-of-money-saving-coupon-codes-for-halloween-2016">The Big List of Money-Saving Coupon Codes for Halloween 2016</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-surprising-ways-to-maximize-your-savings-at-home-depot">6 Surprising Ways to Maximize Your Savings at Home Depot</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Shopping black fridays dealerships discounts end of year labor day new car sales vehicles Wed, 12 Oct 2016 10:30:08 +0000 Ashley Eneriz 1810489 at http://www.wisebread.com 7 Ways to Earn Extra Money With Your Car http://www.wisebread.com/7-ways-to-earn-extra-money-with-your-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-ways-to-earn-extra-money-with-your-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_87220579_MEDIUM.jpg" alt="side jobs you can do with your car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Your car is an asset in a number of ways. It can also be the perfect tool to earn some money on the side. To make the most of your investment, we've covered some of the top ways to earn extra money with your car.</p> <h2>1. Join Uber or Lyft</h2> <p>Driving for <a href="https://www.uber.com/driving-opportunities/?utm_source=AdWords_Brand&amp;utm_campaign=search-google-brand_1_-99_us-national_d_txt_acq_cpc_en-us_uber_kwd-169801042_130497870160_22880494120_e_c_track-jan21generalupdate_restructure&amp;cid=271789120&amp;adg_id=22880494120&amp;fi_id=5785351946&amp;match=e&amp;net=g&amp;dev=c&amp;dev_m=&amp;cre=130497870160&amp;kwid=kwd-169801042&amp;kw=uber&amp;placement=&amp;tar=&amp;gclid=Cj0KEQjwpNm-BRCJ3rDNmOuKi9IBEiQAlzDJH4r2HAd1VeFjKFYKf7HG8gmfBl55Y3UQ2fSlplg2xe4aAluI8P8HAQ&amp;gclsrc=aw.ds&amp;dclid=CMi-iLS5is8CFRB_YgodTLgK2Q">Uber</a> or <a href="https://www.lyft.com/drive-with-lyft">Lyft</a> works similarly to driving a taxi, except you get to use your own vehicle and set your own schedule. Lyft claims that you can make up to $35 per hour, while Uber claims that the average driver makes around $19 per hour, and drivers in big cities like New York can earn approximately $90,000 a year (before the cost of insurance and gas).</p> <p>In order to work part-time or full-time for one of these rideshare companies, you will need a clean driving record, insurance, a smartphone, and a newer model car. The signup process is quick and easy, so you can begin making money right away. (See also: <a href="http://www.wisebread.com/how-to-earn-extra-money-driving-for-uber-or-lyft?ref=seealso">How to Earn Extra Money Driving for Uber or Lyft</a>)</p> <h2>2. Wrap Your Car With Paid Advertising</h2> <p>If you aren't attached to the appearance of your vehicle, consider having it wrapped in an advertisement. Companies like <a href="http://www.wrapify.com/">Wrapify</a> and <a href="http://www.carvertise.com/">Carvertise</a> can lease ad space on your car for hundreds of dollars per month. While Forbes estimates that you can make anywhere from $100-$600 per month to use your vehicle as a moving billboard, it will really depend on the service you choose, the size of your car, your daily commute, and where you live. If you drive a lot, park in a high traffic area, or have a larger vehicle, you can expect to make more with car advertisements.</p> <p>Typically, you will agree upon how much of the car will be covered and a certain period of time that the advertisement will be displayed. Then, all you need to do is drive as you normally would.</p> <h2>3. Rent It Out</h2> <p>If you are planning a trip out of town, consider renting your vehicle out for the time you're away. You can rent it to someone needing a vehicle for the time you're gone with sites like <a href="https://turo.com/list-your-car">Turo</a> and <a href="https://www.getaround.com/">Getaround</a>, or you can lease your vehicle to be used on a movie set. Getaround estimates that you can make up to $10,000 a year by a sharing your vehicle when you don't need it.</p> <p>If you have a specialty vehicle or an old vehicle (which will fit a certain time period), you can expect to make more money and get booked on more filming jobs. You can even make money just by parking your car on the set, so that it matches the look or time period the film is shooting for.</p> <h2>4. Sign Up for a Delivery Service</h2> <p>If driving people isn't your thing, consider applying for a food delivery or courier service, like <a href="https://postmates.com/apply">Postmates</a>, <a href="https://www.doordash.com/dasher/apply/">DoorDash</a>, or <a href="https://www.taskrabbit.com/">TaskRabbit</a>. You can accept jobs at will and can pick up and deliver food or items in your area.</p> <p>If you'd rather have a set schedule and more reliable source of income, consider applying at your local pizza store to deliver pizza. If you'd like to take it one step further, you can sign up for a site like <a href="https://www.instacart.com">Instacart</a>, where you can make money grocery shopping for others.</p> <h2>5. Pickup Services</h2> <p>If you have a truck or large vehicle, you can make money picking up large items or even helping people move. Services like <a href="https://www.buddytruk.com/drive/">Buddytruk</a> and GoShare will allow you to <a href="https://www.goshare.co/drivers/">earn up to $61.92 an hour</a> by using your van, truck, or SUV to transport items. You can also use a service like TaskRabbit to charge for the use of your vehicle, as well as for your manpower (for transporting or lifting heavy items).</p> <h2>6. Charge for Carpooling</h2> <p>If you have coworkers that need a ride to work, or children around the neighborhood who could take advantage of carpooling services, consider charging for these services. By charging each rider a small fee for gas, it can cover your gas bill and more. All you'll have to do is take the riders where you were already planning on going anyway.</p> <p>You can also take it one step further and offer airport picks and dropoffs. This will save your friends and family the stress and hassle of driving their own car, and it can help them avoid costly airport parking charges. Keep in mind that anytime you are charging for transportation or carpooling services, you'll need to be mindful of being on time.</p> <h2>7. Offer Driving Lessons</h2> <p>If you have nerves of steel and your stress level can handle it, consider offering driving lessons. You'll need a permit and insurance to get started. Your vehicle will also need to be adjusted to offer safer accommodations for young drivers, so you may only want to consider this if you have an extra vehicle that you don't use often.</p> <h2>Is It Worth It?</h2> <p>The extra cash can cover the cost of gas, or possibly even your car payment. With each of these money-making opportunities, there is no obligation to continue if it doesn't turn out to be very lucrative. If you find that these ideas don't work for you and your vehicle has become more of a costly liability than anything else, then maybe it's time to consider selling your car. (See also: <a href="http://www.wisebread.com/the-6-best-ways-to-sell-your-car?ref=seealso">The 6 Best Ways to Sell Your Car</a>)</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/7-ways-to-earn-extra-money-with-your-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-holiday-gigs-that-are-perfect-for-introverts">5 Holiday Gigs That Are Perfect for Introverts</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-you-can-earn-18-to-25-an-hour-with-amazon-flex">How You Can Earn $18 to $25 an Hour With Amazon Flex</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-uber-saving-or-costing-you-money">Is Uber Saving or Costing You Money?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-even-ordinary-people-can-become-paid-models">5 Ways Even Ordinary People Can Become Paid Models</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-great-side-jobs-you-can-do-on-your-bicycle">6 Great Side Jobs You Can Do on Your Bicycle</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Extra Income car delivery food delivery lyft side gig side hustle side jobs Uber Mon, 26 Sep 2016 10:00:06 +0000 Andrea Cannon 1799076 at http://www.wisebread.com 9 Ways Life Is Wonderful When You Swap Your Car for a Bike http://www.wisebread.com/9-ways-life-is-wonderful-when-you-swap-your-car-for-a-bike <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-ways-life-is-wonderful-when-you-swap-your-car-for-a-bike" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_riding_bike_62106672.jpg" alt="Woman loving life after swapping her car for a bike" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Have you ever thought about ditching your car and finding a new way to get around? Making your bicycle your best friend may be the smartest move you can make to save money, burn calories, and generally improve your life.</p> <p>If you're searching for a reason to pull the trigger on the all-bike lifestyle, consider these nine ways that life is an amazing when you eschew the car. (See also: <a href="http://www.wisebread.com/5-best-cities-for-going-car-free?ref=seealso">5 Best Cities for Going Car-Free</a>)</p> <h2>1. You'll Save Money on Gas</h2> <p>Okay, so let's say you have a 30-mile roundtrip commute. And let's say you're spending $2.25 per gallon on gasoline. If you get 30 miles per gallon on your car, you're spending about $2.25 a day on gasoline. That's $11.25 a week, or more than $500 per year. Ditch your car, and that's money back in your pocket. And best of all, when gas prices spike, your commuting expenses will stay the same.</p> <h2>2. You'll Save Money on Insurance</h2> <p>No car means nothing to insure. And this means money saved. The average cost to insure even a basic sedan was $1,222 per year in 2015, according to AAA. That's a significant chunk of change back in your pocket.</p> <h2>3. You'll Save Money on Maintenance</h2> <p>A bike might need some repairs and a tuneup now and then, but the cost of this work is nothing compared to a car. AAA reports that the average <a href="http://newsroom.aaa.com/auto/your-driving-costs/">driver spends $792 annually</a> on car maintenance. Add that to the cost of gas and insurance, and you can see the thousands of dollars saved by ditching the car and going for the bike.</p> <h2>4. You'll See More</h2> <p>Whenever I ride my bike, I always end up noticing new things about my surroundings. It might be a new small business in my town, renovations to an old home, or a park in need of some cleanup. It's a rather nice feeling to see your environment unfurl itself in front of you as you ride. It's so much easier to see what's around you when you're not enclosed inside a vehicle.</p> <h2>5. You'll Shop More Locally</h2> <p>One downside to riding a bike everywhere is that you obviously can't haul a lot of stuff. This means no long trips to the Super Walmart for groceries. But, it also means that the shopping you do will be done locally, possibly to the benefit of smaller, independent stores. Proponents of the Shop Local movement claim that if you spend $100 at local small stores, $68 will stay in your community, compared to $43 for big chains.</p> <h2>6. Exercise!</h2> <p>There's no question that cycling is great for your health. According to an online calculator from bicycling.com, a one-hour bike ride at a moderate pace can lead to <a href="http://www.bicycling.com/training/weight-loss/cycling-calories-burned-calculator">more than 500 calories burned</a>, or even 1,000 if you really push the pace. Biking will help you build leg muscles, but is also good for the back and abdomen. And it's generally seen as lower impact than running. One study even suggested that women who bike to work were<a href="http://www.ncbi.nlm.nih.gov/pubmed/22525983">significantly less likely to fracture their wrists.</a></p> <h2>7. You'll Look Forward to Going to Work</h2> <p>Who gets excited about sitting in a car in traffic, or stuffing yourself onto a crowded subway car? By incorporating a bike into your commute, you're incorporating an enjoyable activity into your daily drudgery.</p> <h2>8. Your Employer Might Pay You</h2> <p>Good employers want their workers to be healthy, so many will incentivize bike commuting by offering cash back as a fringe benefit. The IRS allows employers to reimburse bicycle commuters up to $20 per month for bike-related expenses, such as storage, repairs, a helmet, or the purchase of a bike itself.</p> <h2>9. You Save Time</h2> <p>You might assume that biking will take longer than driving. But this isn't always the case, research shows. Kiplinger reported that half of the commuting population in the U.S. <a href="http://www.kiplinger.com/article/saving/T012-C000-S001-cut-commuting-costs-by-biking-to-work.html#A2M2E7fbT47UL1Mm.99">travels five miles or less to work</a>, and that riding a bike that distance can often be faster than driving. As a cyclist, you have access to trails, bike lanes, and side roads that will allow you to avoid drivers and traffic jams.</p> <p><em>Have you traded in your car for a bike? How has your life improved? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/9-ways-life-is-wonderful-when-you-swap-your-car-for-a-bike">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-cities-for-going-car-free">5 Best Cities for Going Car-Free</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-reasons-why-i-love-public-transportation">Five Reasons Why I Love Public Transportation</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/did-your-car-break-down-check-for-recalled-parts-and-fix-it-for-free">Did your car break down? Check for recalled parts and fix it for free!</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/when-to-drop-collision-coverage-on-your-car">When to drop collision coverage on your car</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/save-more-gas-by-safely-following-trucks">Save More Gas by Safely Following Trucks</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Cars and Transportation bike bike commute biking car car commute commuting environment exercise saving transportation Mon, 01 Aug 2016 09:00:11 +0000 Tim Lemke 1762106 at http://www.wisebread.com Is Uber Saving or Costing You Money? http://www.wisebread.com/is-uber-saving-or-costing-you-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/is-uber-saving-or-costing-you-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_88284853_MEDIUM.jpg" alt="hailing a cab: is it cheaper than uber?" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Uber is more than just convenient; it can actually save you time and money. Everyday commuters are saving hundreds of dollars per month by foregoing their car in favor of rideshare apps like Uber. Businesses are also <a href="https://newsroom.uber.com/uber-for-business-saves-companies-1k-per-employee/">saving money by using Uber</a> for their business transportation needs, rather than hiring a limo or expensive business vehicle for their employees.</p> <p>Uber can also be safer than a taxi because it's all managed through the app, so you can always track your driver and leave reviews for them later on. When it comes to largely populated cities like Manhattan, simply ordering an Uber through the app (rather than fighting with people to catch a cab) can be very convenient and save you a lot of time and frustration. You can even automatically pay using the app, so there's no need to carry cash or worry about paying at the end of the ride.</p> <p>But if you're using Uber often enough, is it actually saving you money? Or is it draining your bank account? Let's investigate.</p> <h2>What Does Uber Cost?</h2> <p>The cost of Uber depends on which car you choose, the time of day, and how far you will be going. For instance, if you choose a traditional UberX vehicle, you will be charged per mile and per minute with a small booking fee of $1.65. If you choose an SUV, the charges per mile will be higher, as well as a base fare of $15, which will cost you a lot more for both short and long rides. A luxury vehicle is even more expensive and the base fare is $20.</p> <p>For an accurate fare quote, you can either use the app or a site like <a href="http://uberestimate.com/">UberEstimate.com</a>. You simply put in your pickup and drop-off locations and it will give you an accurate price range. You aren't required to tip, and Uber does not offer the capabilities to tip on the app, but your driver will usually accept a cash tip, if you feel like it.</p> <h2>Watch Out for Surge Pricing</h2> <p>Surge pricing occurs when the demand for Uber is higher, such as on the weekends, around holidays, and in inclement weather. The cost of your commute will be higher thanks to surge pricing, which can go up to eight times the normal rate. In these cases, you likely won't save any money using Uber and should instead choose a rental car, public transportation, or even a taxi.</p> <h2>Try UberPool</h2> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5170/uber.jpg" width="605" height="340" alt="" /></p> <p>If you want to save even more money, consider using UberPool. With UberPool, you share a ride with another person who is going on a similar route as you. Then, you split the cost of the trip to save more money. While this will save you more in the end, it won't split the cost in half, so if you don't feel comfortable riding with another passenger, don't bother, as you won't be saving <em>that </em>much.</p> <h2>The Costs of Car Ownership</h2> <p>The average monthly payment for a new car has <a href="https://www.experianplc.com/media/news/2015/q2-2015-safm-pt-2/">risen to $483</a>. Just think about what you could do with $483+ extra per month. When it comes to owning a car, there are a number of other expenses beyond the monthly car payment. For instance, there may be a weekly need to fill up on gas and a monthly car wash, at minimum. You will also have to pay for car insurance, registration fees, car maintenance, and car repairs from time to time. The occasional car accident and parking tickets can also add a lot to the cost of car ownership. These basic and unexpected costs can quickly add up to an astronomical amount. (See also: <a href="http://www.wisebread.com/how-to-cut-car-ownership-costs?ref=seealso">How to Cut Car Ownership Costs</a>)</p> <p>According to a test conducted by Business Insider, one person's <a href="http://www.businessinsider.com/how-using-uber-and-lyft-saves-me-money-2015-2">monthly cost of car ownership</a> totaled more than $1,500 in San Francisco, while the cost of public transportation and Uber rides only cost $572 per month. This is an extreme example, as most people won't need to spend nearly this much on transportation, but the savings are obvious.</p> <p>As a general basis, AAA estimates that the average person will spend <a href="http://exchange.aaa.com/wp-content/uploads/2011/07/Your-Driving-Costs-infographic-2014.png">$8,876 per year</a> for a new sedan in an average city. To drive the same average amount using Uber, the cost would be <a href="https://www.nerdwallet.com/blog/insurance/avoid-car-insurance-costs-lyft-uber/">$17,095 per year</a>, which is about twice the cost of owning your own car. For this reason, Business Insider recommends using UberX if you drive less than <a href="http://www.businessinsider.com/is-uber-cheaper-than-owning-a-car-2014-9">9,480 miles per year</a>. If you drive more than that, Uber will actually cost you more in the end.</p> <h2>Paying for Parking</h2> <p>If you live in a large city like San Francisco, Los Angeles, or New York, you may also need to pay for parking, both on a monthly basis and whenever you are enjoying a night out. If you're on vacation, your hotel may also charge for parking, particularly if you're staying in the city center. Valet parking, and even self-park options, often total around $25 per night, and even more if those garages charge every time you enter.</p> <h2>How Often Do You Need a Car?</h2> <p>When it comes to owning a car or taking an Uber, you will almost always spend more on the costs of a car, unless you need a car on a daily basis. For instance, if you work from home and don't need a vehicle everyday, then paying for an Uber only when you need it can be a huge money saver. On the other hand, if you travel to work everyday, or live in the suburbs and need to travel for your daily needs, you may need a vehicle of your own.</p> <h2>Who Benefits Most From Uber?</h2> <p>Uber is a great alternative if you are living in a large city and don't need a car on a daily basis. It is also ideal if you don't currently have the credit or funds to purchase a car. On the other hand, even if you have a car, Uber can be a great option for a night you plan on drinking. Rather than trying to hail a taxi or depending on a friend to be the designated driver, you can simply use your app and an Uber will come to you when you're ready to go home.</p> <p>For quick trips to the airport, Uber can also be ideal. For instance, the cost of parking at LAX can range from $5.95-$30 per day, depending on how far you are willing to park from the terminal, which can really add to the total cost of your trip. According to Time Magazine, if your longest round-trip is the airport to the hotel, <a href="http://time.com/money/4299690/uber-rental-cars-which-cheaper/">Uber can save you money</a>. If you are simply taking a short trip and won't be driving too far out of the immediate surroundings, Uber will be your most affordable, and most convenient, option.</p> <h2>Is a Taxi More Affordable?</h2> <p>According to MIT's Technology Review, <a href="https://www.technologyreview.com/s/535886/data-mining-reveals-when-a-yellow-taxi-is-cheaper-than-uber/">taxis are more affordable</a> for rides below $35. However, this all depends on where you live. In Canadian cities, you will almost always save money on Uber, compared to a taxi. To be sure, use an app like <a href="http://www.openstreetcab.com/">OpenStreetCab</a>, <a href="http://www.priceride.com/">PriceRide</a>, or <a href="https://ride.guru/">RideGuru</a> to determine whether Uber, Lyft, or a taxi would be more affordable for your next trip.</p> <h2>When Is It Time for a Rental?</h2> <p>If you will need to use Uber from more than one consecutive day, you need to take a long trip, or you need Uber during surge pricing times, then a rental car may be the best way to go. In most cases, having a car at your disposal for both long and short trips is the most convenient option. However, in most cases, using Uber for infrequent traveling needs is your best bet. (See also: <a href="http://www.wisebread.com/save-on-car-rentals-with-these-10-easy-hacks?ref=seealso">Save on Car Rentals With These 10 Easy Hacks</a>)</p> <h2>Promo Codes</h2> <p>Each app, like Uber, Lyft, and Sidecar, offers their own promo codes, so it's in your best interest to try them all out with unique promo codes. You can also send invites to your friends and when they use your link or code to sign up, you will earn more free rides, so it's worth trying. (See also: <a href="http://www.wisebread.com/how-to-score-free-rides-on-uber-lyft-and-sidecar?ref=seealso">How to Score Free Rides on Uber, Lyft, and Sidecar</a>)</p> <h2>Alternative Options</h2> <p>Uber and Lyft have transformed the taxi game. There are now also alternative transportation options to improve your ability to get around, such as <a href="https://www.getaround.com/">GetAround</a> (peer-to-peer car sharing), <a href="http://skurt.com/">Skurt</a> (rental cars are delivered and picked up from your location), <a href="http://www.carzup.com/">CarzUp</a> (all rental cars in one location), and <a href="http://www.swapalease.com/">Swapalease</a> (lease transfer options with no down payments). Make sure to compare the options and prices in your area before deciding on any one particular mode of transportation.</p> <p><em>Have you lived a month or more on Uber? What have your experiences been with popular rideshare apps? Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/is-uber-saving-or-costing-you-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-brilliant-tips-from-smart-mom-rich-mom">4 Brilliant Tips From &quot;Smart Mom, Rich Mom&quot;</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-frugal-skills-you-must-have-to-survive-autumn">9 Frugal Skills You Must Have to Survive Autumn</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-earn-extra-money-with-your-car">7 Ways to Earn Extra Money With Your Car</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-44-sneaky-shopping-traps-to-avoid">Flashback Friday: 44 Sneaky Shopping Traps to Avoid</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-score-free-rides-on-uber-lyft-and-sidecar">How to Score Free Rides on Uber, Lyft, and Sidecar</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Cars and Transportation frugal living lyft ridesharing ridesharing app saving money surge pricing Uber uber pool Wed, 20 Jul 2016 10:30:10 +0000 Andrea Cannon 1755639 at http://www.wisebread.com 5 Best Cities for Going Car-Free http://www.wisebread.com/5-best-cities-for-going-car-free <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-best-cities-for-going-car-free" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_72593117_LARGE.jpg" alt="going car free is easy in these cities" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There's ample evidence that walkable neighborhoods breed <a href="http://www.citylab.com/design/2014/12/growing-evidence-shows-walkability-is-good-for-you-and-for-cities/383612/">safer, healthier, and more democratic constituencies</a>. And even in cities with high levels of smog &mdash; here's looking at you, Los Angeles &mdash; studies show that the <a href="http://www.cam.ac.uk/research/news/walking-and-cycling-good-for-health-even-in-cities-with-higher-levels-of-air-pollution">health benefits of walking</a> or cycling or recreation or as a <a href="http://www.wisebread.com/6-ways-to-make-the-most-of-your-morning-commute">means of commuting</a> far outweigh the negative health risks associated with breathing in air pollution. What's more, when city dwellers opt to walk or cycle instead of relying on gas guzzlers, overall air pollution levels can be reduced. It's a win-win-win. You don't need a car to get around these U.S. cities.</p> <h2>1. Boston</h2> <p>Nicknamed America's Walking City, Boston's relatively small footprint is dense with small neighborhoods, each with a unique character and a smattering of restaurants, shops, and convenience stores. That is to say that most Bostonians can complete their daily errands without ever putting the key in the ignition. Boston is also a city where owning a car, in many cases, costs more than it's worth. Take, for example, these<a href="https://www.bostonglobe.com/business/2016/06/30/got-these-back-bay-parking-spots-could-yours/BOvFjiiID0xWUJtQZxjdNM/story.html"> tandem, uncovered parking spaces</a> in the high-end Beacon Hill neighborhood. For about a half million dollars, they can be yours. No, this isn't a one-time fluke in pricing. That's actually the going rate. A pair of parking spots on the same street <a href="https://www.bostonglobe.com/metro/2015/11/03/look-back-some-priciest-parking-spots-boston/tIPhO225Vv5Mrdxy8aVYjJ/story.html?p1=Article_Related_Box_Article">sold for $560,000</a> at an auction in 2013.</p> <h2>2. New York</h2> <p>The city that never sleeps &mdash; Manhattan, in particular &mdash; is as pedestrian-friendly as they come. With sidewalks, bike lanes, buses, and subway routes galore, New York brings amenities such as markets, shops, workplaces, medical centers, and gyms in close proximity to the apartments and condos where people live. The city also has easy street crossings and long block lengths, making for more pleasurable pedestrian routes. There is, however, <a href="http://www1.nyc.gov/assets/planning/download/pdf/plans-studies/sustainable-communities/bmn/bronx_metro_report/walkability.pdf">room for improvement</a>. Manhattan is by far the most walkable of New York's boroughs, but it accounts for just 8% of the city's population. Other boroughs aren't actually all that walkable. In the Bronx, neighborhood decline and disinvestment in public transit has made walking around some neighborhoods difficult and less enticing. In truth, the real walkability winner here is Manhattan, and not all of New York City.</p> <h2>3. Washington, D.C.</h2> <p>Much of the nation's capital has walkable zones where residential and retail spaces are in close proximity. And, unlike New York, these zones are evenly distributed between downtown areas and the suburbs. That means it's not just the <a href="http://www.archdaily.com/521438/washington-d-c-the-most-walkable-city-in-the-us">heart of the city that's walkable</a>, but the outskirts, as well.</p> <h2>4. San Francisco</h2> <p>The Golden Gate City was built on 42 hills &mdash; terrain that can make for treacherous gear shifting. And while all those hills will do a number on your calf muscles, there's truly no better way to get around San Francisco's densely populated districts. That's because a quarter of the 49 square-mile city's office, retail, and multi-family rental space is located within the bounds of <a href="http://www.smartgrowthamerica.org/foot-traffic-ahead-2016/">walkable neighborhoods</a>. And while it's possible to break out of these neighborhood walkability zones and <a href="http://www.sfwalkingman.com/">trek the entire city by foot</a>, it's not exactly the fastest or most practical method of getting around. Alas, every city has its walkability limits.</p> <h2>5. Detroit</h2> <p>Oddly enough, you can get around Motor City just fine by foot &mdash; no motor required. In fact, these days <a href="http://wdet.org/posts/2016/06/20/83328-going-motorless-in-the-motor-city/">pedestrian-friendly projects</a> are sprouting up all over Detroit. And it's not just for the sake of recreation. About a quarter of all households citywide lack access to a motor vehicle. New walking path projects can help many in this demographic commute to and from the places they need to go, such as work, the grocery store, and school. And since you can't walk everywhere, new bike paths are surfacing, as well. Whereas Detroit had no bike lanes a decade ago, there are now nearly 200 of them.</p> <p><em>What other cities are good for going car-free? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/5-best-cities-for-going-car-free">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-life-is-wonderful-when-you-swap-your-car-for-a-bike">9 Ways Life Is Wonderful When You Swap Your Car for a Bike</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-hidden-advantages-to-getting-rid-of-your-car">7 Hidden Advantages to Getting Rid of Your Car</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-good-life-on-less-energy-even-in-the-us">The good life on less energy--even in the US</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/it-bear-repeating-driving-slower-saves-you-money">It Bears Repeating - Driving Slower Saves Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/did-your-car-break-down-check-for-recalled-parts-and-fix-it-for-free">Did your car break down? Check for recalled parts and fix it for free!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Cars and Transportation bike car car-free city environmentally friendly public transportation transportation u.s. cities walking Wed, 20 Jul 2016 09:30:37 +0000 Brittany Lyte 1755541 at http://www.wisebread.com How to Tell If a Car Service Plan Is Worth It http://www.wisebread.com/how-to-tell-if-a-car-service-plan-is-worth-it <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-tell-if-a-car-service-plan-is-worth-it" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_73183307_MEDIUM.jpg" alt="is a car service plan worth it?" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Considering the purchase of an <a href="http://www.wisebread.com/are-extended-warranties-ever-a-good-deal">extended warranty for a vehicle</a> can lead to serious mockery from the frugal. Everyone <em>knows </em>that dealerships tack large markups to these policies, extracting hundreds of extra dollars from customers. Consumer Reports warns that more than half of people who buy an extended warranty never use it, and even the minority that do use it end up, on average, spending more on the warranty than they save on repairs.</p> <p>But suppose you are able to purchase a warranty at a <a href="http://www.edmunds.com/car-buying/secrets-of-an-ace-negotiator-part-ii.html">low markup over the dealer's wholesale price</a>? Should you buy a warranty if it's a great deal?</p> <p>I recently found myself in this position after getting offered a price on a Toyota Extra Care Vehicle Service Agreement so low that a friend who worked at a different dealership urged me to snap it up. But still, I worried. Because even at a good price, coverage that I never used would still be money down the drain.</p> <p>I wished for a crystal ball that would tell me whether the used car I was buying &mdash; a late model Highlander Hybrid &mdash; would ever need the services covered by this plan. Seeing the future is impossible, of course. But with some digging, I found resources that helped me make an educated guess by answering the following questions.</p> <h2>How Long Would the Warranty Cover My Car?</h2> <p>The dealer was offering me an eight-year, 100,000-mile warranty, which sounded like a lot of coverage. But when I looked closer, I realized that the mileage limit was based on the odometer's mileage, not the miles I drove. Since the car already had about 60,000 miles on it, that meant this warranty would cover 40,000 miles of my driving. And since the certified preowned car came with a free one-year warranty, the VSA, if I bought it, it would kick in on year two. Assuming that the car would hit 100,000 miles after four years of driving, this meant that the supposed eight-year policy would really cover me for about three years. I used this information to calculate the cost per year.</p> <p>If you're not sure if a vehicle you're buying is already covered by a warranty, you can check by calling a dealership of that brand, or by getting a VIN-based report from CarFax or CarMD.</p> <h2>What Is the Rate for the Car I'm Buying?</h2> <p>When buying a VSA, it's like betting against the company that your car will break down. Of course, the carmaker and dealership know more about the car's reliability record than you do, so it's a bet that's stacked against you. However, it would help to know how likely it is that you'll need to repair your car during the warranty period, and fortunately, that information is available.</p> <p>One step you can take is to consult the reliability rating of your car's make and model on ConsumerReports.com. My particular car got high marks in this area, which was a strike against buying the warranty. In surveys, Consumer Reports has found that owners of more reliable vehicle makes tend to be less satisfied with their purchases of warranty plans.</p> <p>You can get more specific by ordering a Vehicle History and Title Report from CarMD, a company that sells a diagnostic tool that plugs into the car to tell you why the check engine light is on. You can order a report by typing the VIN into <a href="https://www.carmd.com/wp/how-to-run-a-health-and-history-report-without-a-tool/">CarMD's site</a>, and in addition to useful information about the car's history, CarMD will draw upon its large database to tell you whether a check-engine light repair is expected within the next year. CarMD showed me a report for a car with the same make, model, and mileage as the one I was buying, and the report indicated that no such repair was expected in the next 12 months.</p> <p>That was another strike against buying the VSA.</p> <p>What repairs can cause that light to go on? About 85% of the systems in the car, says CarMD spokeswoman Kristin Brocoff.</p> <p>&quot;It's not just a handful of parts. The car's check engine light can alert you to anything as small as a loose gas cap and serious as engine failure,&quot; she said.</p> <h2>What Are Car Repairs Likely to Cost Me?</h2> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5170/reviewing_car_service_plan.jpg" width="605" height="340" alt="" /></p> <p>CarMD can help answer this question too, using data from repair shops nationwide. The vehicle history includes a five-year cost of ownership estimate, which includes fuel, maintenance, repairs, insurance, and depreciation. For my vehicle of choice, Brocoff broke down the $50,433 cost listed on the report, and revealed that repairs over the next five years are expected to run $1,689.18, or $337.80 per year. This was more than the per-year price of my warranty, so, if all those expected repairs were covered by the warranty I was offered, maybe I would come out ahead by buying the warranty.</p> <p>Another way CarMD can help you predict your car's future is its regularly updated <a href="https://www.carmd.com/wp/vehicle-health-index-introduction/2016-carmd-vehicle-health-index/">Vehicle Health Index</a> reports, which are free dispatches on the cost and incidence of repairs for <em>all</em> cars. For instance, the 2016 VHI says that the typical &quot;check engine light&quot; repair in my region, the West, costs $403.42. Knowing that, I know I would have to get hit with at least two such repairs that were covered by my warranty to make the coverage pay off.</p> <h2>Will the Warranty Even Cover the Expected Repairs?</h2> <p>Up until this point, things have looked good for buying the warranty, because the data predicts that I'd spend a few hundred dollars a year on car repairs. But this is where things get head-scratchy. Some potential repairs would be covered by two <em>other </em>warranties that would come free with my car, and those that aren't might not be covered by the VSA, either.</p> <p>Like many certified used vehicles, my car came with a limited powertrain warranty, which covers &quot;major engine, transmission components, and all internally lubricated parts,&quot; up until my odometer hits 100,000 miles, i.e., for about the same amount of time as the VSA they want to sell me. Because it's a hybrid, Toyota is required by law to also provide a warranty for the hybrid battery, covering about the same period. So, only repairs that don't involve the powertrain or the hybrid battery could potentially be covered by the VSA. Then, of course, the VSA has a specific list of components it covers, and anything not listed there would cost me out of pocket.</p> <p>How do you know what parts are most likely to break? Again, I got help from CarMD's 2016 Vehicle Health Index, which told me that the <a href="https://www.carmd.com/wp/vehicle-health-index-introduction/2016-carmd-vehicle-health-index/#stats">most common check-engine-related repair</a> for all cars was replacing the oxygen sensor (average cost $250), followed closely by replacing the catalytic converter ($1,153!), and replacing ignition coils and spark plugs ($390 for both). Searching for these repairs on the list of items covered by&nbsp;<a href="https://www.sc.toyotafinancial.com/web/tfs/pub/contents/vsa/TFS_VSA_Platinum_VSA_eBrochure.pdf">Toyota's powertrain warranty and the Toyota Extra Care Platinum VSA</a>, I found the O2 sensor listed on neither, the catalytic converter and ignition coils listed on the VSA, and spark plugs listed on neither. The high cost and high ranking of catalytic converter replacement was definitely a point for buying the warranty; then again, even at the second most likely repair, this job only accounted for about 7% of all car repairs. And despite all the data I'd read, I could not really predict how likely it was that my car would need a new catalytic converter during the warranty coverage.</p> <p>After investing multiple hours researching the likelihood of needing the offered VSA, I came to the frustrating conclusion that buying it or not buying it was basically a toss up.</p> <p>My educated guess based on my research is that my car may need one or two of the smaller covered repairs during the coverage period, but that the out-of-pocket cost would be close to what I paid for the warranty. On the other hand, reading CarMD's reports made me feel more secure that the odds of a really expensive repair hitting me in the next few years was probably not very high.</p> <p>One actionable thing I learned from this experience is that if you opt to buy a VSA, you should absolutely not pay the first price offered by the dealership. My dealership's finance guy first offered me the plan at twice the price he eventually ended up offering it at. All it took to cut the price in half was telling him that I didn't want to buy it.</p> <p><em>Have you purchased a similar warranty on your vehicle? Share your experience with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/how-to-tell-if-a-car-service-plan-is-worth-it">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/when-to-drop-collision-coverage-on-your-car">When to drop collision coverage on your car</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-does-it-cost-every-time-you-get-into-your-car">How Much Does it Cost Every Time you Get Into Your Car?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers">Ask the Readers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-earn-extra-money-with-your-car">7 Ways to Earn Extra Money With Your Car</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-car-battery-warmers">The 5 Best Car Battery Warmers</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation car car insurance car maintenance car repair car service plan mechanic saving money service plan Mon, 18 Jul 2016 09:30:37 +0000 Carrie Kirby 1753054 at http://www.wisebread.com The 6 Best Ways to Sell Your Car http://www.wisebread.com/the-6-best-ways-to-sell-your-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-6-best-ways-to-sell-your-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_car_money_89954227.jpg" alt="Man learning best options for selling a car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you're trying to sell a car, there are a variety of options available to you. Even if your vehicle is wrecked or no longer in running order, you can still sell it. In fact, thanks to the power of the Internet, it is now easier than ever to sell your used car or truck. (See also: <a href="http://www.wisebread.com/5-questions-to-ask-before-you-sell-your-car?ref=seealso">5 Questions to Ask Before You Sell Your Car</a>)</p> <h2>1. Sell It Privately</h2> <p>Selling a car on your own will ensure you get the most money for it. However, this can require a great deal of time and effort on your part. Selling it on your own means you will need to determine the <a href="http://www.edmunds.com/car-buying/how-to-use-tmv.html">vehicle's market value</a>, advertise, and meet with potential buyers. This also means that you will need to allow strangers to visit your home in order to test drive, which can be awkward and time-consuming.</p> <p>Depending on how quickly you are looking to get rid of your car, you can consider placing ads on Craigslist, eBay Motors, Cars.com, Autotrader, AutoTempest, Beepi, or even on the Kelley Blue Book site. Your ad should have clear photos and a good description, along with a history report. Be upfront about the condition, maintenance and repair history, and previous accidents so that you don't have angry buyers coming back later.</p> <h2>2. Sell It to a Dealership</h2> <p>Once you visit the dealership, you will receive an appraisal of the value of your vehicle. If you accept the offer, you can walk away with cash in no time at all. If your car is no longer in working order, you have fewer options, as a dealership most likely won't want it. You will need to turn to a scrap yard, local auto dealer, or a car buying service like CashForCars.com or JunkACar.com. (See also: <a href="http://www.wisebread.com/17-things-car-salesmen-dont-want-you-to-know?ref=seealso">17 Things Car Salesmen Don't Want You to Know</a>)</p> <h2>3. Sell It to CarMax</h2> <p><a href="https://www.carmax.com/">CarMax</a> is a very dependable service, with more than 150 locations in 27 states. In fact, many drivers have found that the appraisal offered by CarMax was much higher than what they received at a dealership.</p> <p>Once you visit CarMax, you will receive an appraisal of the value of your vehicle. The process takes about 30 minutes and the appraisal will be valid for seven days, so you have time to make your decision. During those seven days, you can try selling it privately or see if you can get a higher offer at a dealership or another used car store. If you accept the offer within seven days, you can walk away with a bank draft in no time.</p> <h2>4. Take Advantage of Autotrader</h2> <p>Autotrader offers a number of solutions to drivers who are looking to sell their car in less time. You can take advantage of their <a href="https://www.autotrader.com/instant-cash-offer/">Instant Cash Offer</a>, which will allow you to sell your vehicle at a local participating dealer after receiving an instant online appraisal. They also offer services and packages to help you privately sell your car in less time and with less effort.</p> <h2>5. Have the Vehicle Picked Up</h2> <p>If your vehicle is still in good running order, but you need a fast service that can come to you, consider a service like <a href="https://www.webuycars.com/">WeBuyCars</a>. Car buying services like WeBuyCars will allow you to sell your vehicle in virtually no time. They will travel to your location, provide an instant appraisal, and can tow the vehicle away on the same day. If you accept their offer, they will issue a check on the spot and can even travel to your local bank with you, so that you can feel confident that the check will clear.</p> <h2>6. Trade It In</h2> <p>You can trade in your car, if you are thinking of purchasing another one at a dealer. Once you visit the dealership, you will receive an appraisal of the value. If you accept the offer, you can use the value as a down payment on your next vehicle. Some trade-in programs will provide you with a future trade-in value, so you have a guaranteed trade-in price or resale value once you decide to sell it.</p> <p>Trading in at the dealer is possibly the easiest solution. You drive in with your old car and drive away in a new car, and the dealer will take care of all of the paperwork and hassle for you. However, in most cases, trading in will result in the worst price of all options. When you sell to a dealership, you can expect close to wholesale value, whereas if you sold it privately, you could expect close to retail value. This can be a difference of hundreds or even thousands of dollars.</p> <h2>What You Need to Know</h2> <p>If your car is in high demand, it will be easier to sell. If you still find that you aren't getting any solid offers, there are some simple steps you can take to <a href="http://www.wisebread.com/8-easy-fixes-to-boost-your-cars-re-sale-value">increase the resale value</a>, so you get the most for your old car.</p> <p>In order to get the best value for your car, it's important that you <a href="http://www.edmunds.com/appraisal/">know what it's worth</a>.While these figures can provide a good basis for beginning a conversation, remember that you can always negotiate a price that suits both you and the buyer.</p> <p><em>Have you sold a car recently? What was your experience like?</em><em>Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/the-6-best-ways-to-sell-your-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">8 Secrets to a Higher Car Trade-In Value</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-buy-a-used-car-without-getting-ripped-off">How to Buy a Used Car Without Getting Ripped Off</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-easy-ways-to-calculate-your-new-car-budget">7 Easy Ways to Calculate Your New Car Budget</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-sell-a-car-without-a-title">How to Sell a Car Without a Title</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-hire-a-broker-to-buy-a-car">Should You Hire a Broker to Buy a Car?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation autotrader car appraisal CarMax Edmunds kelley blue book selling a car trade-in Fri, 15 Jul 2016 09:00:09 +0000 Andrea Cannon 1738705 at http://www.wisebread.com 6 Money Moves to Make the Moment You Decide to Buy a Car http://www.wisebread.com/6-money-moves-to-make-the-moment-you-decide-to-buy-a-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-money-moves-to-make-the-moment-you-decide-to-buy-a-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/couple_new_car_87292815.jpg" alt="Couple making money moves before buying a new car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The beater you are driving now spends more time in the repair shop than on the highway. Or maybe you're sick of trying to time bus schedules or schedule Uber rides. Whatever the reason, it's time to upgrade to a new set of wheels.</p> <p>Unfortunately for most people, a new car comes with a new monthly auto loan payment. And these payments can be high. Kelley Blue Book reported that the estimated average transaction price for new cars hit $33,845 in May 2016. That's an increase of 3.5% from the same month in 2015.</p> <p>Fortunately, you can prepare for this added cost, and all it takes is a bit of research and planning on your part. Here are six money moves to make the instant you decide to buy a new car.</p> <h2>1. Check Your Credit Reports</h2> <p>You want an auto loan with the lowest possible interest rate, so that your monthly payment is as small as possible. And of course, you'll qualify for lower rates if you have strong credit.</p> <p>But before you start shopping for a new car, check your three credit reports (one each maintained by the national credit bureaus of Experian, Equifax, and TransUnion). You can order one copy of each of your reports free from AnnualCreditReport.com. Check carefully for any mistakes &mdash; fixing a mistake could immediately improve your FICO credit score.</p> <p>Knowing the information that the credit bureaus have on you and what your credit score is will give you an idea of whether you can qualify for a low interest rate now, or whether you should work to improve your score before you start hunting for a new car.</p> <h2>2. Call Your Insurance Company</h2> <p>If you are ditching an old car and upgrading to a new one, your auto insurance premium might rise. If you are buying a car for the first time, you'll need to purchase auto insurance before you can hit the road. And you'll need to know, for budgeting reasons, just how much you might expect to pay in auto insurance premiums.</p> <p>Your premium will vary depending on a host of factors, including everything from your age and driving record to the type of car you buy and where you live. So call either your current insurance agent or, if you aren't yet driving, an insurer licensed to do business in your area to get at least an estimate of how much you'll be paying each month or year in insurance costs.</p> <h2>3. Tweak Your Household Budget</h2> <p>You should have a household budget that you follow each month. Adding a new car payment means that you need to tweak that budget. Study your current budget to determine how much of a car payment you can afford. When you start shopping for cars, don't look at any that will leave you with a monthly payment that exceeds that amount. Having a new car is fun. Having a new car that you can't afford is not.</p> <h2>4. Pre-Apply for Financing</h2> <p>When you buy a new car, the dealer will offer you its own financing plan, meaning that you can take out a car loan directly from the dealership that is selling you your vehicle. But the smarter move is to go to your dealership with a preapproval letter from an outside lender.</p> <p>A preapproval letter states that a lender is willing to provide you with an auto loan. The letter will also state exactly how much money this outside lender is willing to loan you.</p> <p>It's good to have another loan option when you're at the dealership. The dealer will still want you to take out a loan from its own finance department, so the dealer might offer you a loan with slightly better terms, including a lower interest rate, as a way to compete. And if your dealer can't come up with a better offer? You can simply finalize that loan from the outside lender.</p> <h2>5. Gather Money for a Down Payment</h2> <p>You'll want to come up with the largest down payment possible when financing a new car. The more cash you provide upfront, the smaller your auto loan will be. And a smaller loan means lower monthly payments.</p> <p>So before shopping for a car, spend some time saving. It's long been recommended that consumers come up with a down payment of 20% of their car's final purchase price. For a car costing $25,000, that comes out to a down payment of $5,000. However, a smaller number of buyers today are actually providing that 20% down. Edmunds reports that consumers in 2015 provided an average down payment of just 10.5% of their car's final purchase price.</p> <p>Don't be one of those consumers who skimps on the down payment. Wait to buy until you've saved up enough cash for a bigger one.</p> <h2>6. Build an Emergency Fund</h2> <p>New cars come with a host of new expenses in addition to that monthly car payment. You'll face insurance costs, gas prices, and repair and maintenance bills. AAA estimates that the annual cost of owning and operating a vehicle in the United States is $8,558. That is actually a six-year low, but shows that owning a car is far from cheap.</p> <p>Make sure that you can afford these extra costs by building an emergency fund <em>before</em> you start car shopping. It's a sounder financial strategy than paying for such unforeseen events as car repairs or emergency home repairs with a credit card.</p> <p><em>What steps do you take when it's time for a new car?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/6-money-moves-to-make-the-moment-you-decide-to-buy-a-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-having-a-paid-off-car-is-surprisingly-great">5 Ways Having a Paid Off Car Is Surprisingly Great</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-money-goals-you-can-still-reach-by-2017">13 Money Goals You Can Still Reach by 2017</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/avoid-these-5-common-mistakes-while-rebuilding-your-credit">Avoid These 5 Common Mistakes While Rebuilding Your Credit</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">8 Secrets to a Higher Car Trade-In Value</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-times-you-can-score-a-great-deal-on-a-new-car">5 Times You Can Score a Great Deal on a New Car</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation auto loans budgets credit reports credit score down payments emergency funds financing insurance new car Wed, 13 Jul 2016 10:30:08 +0000 Dan Rafter 1748332 at http://www.wisebread.com Buying a Rental Car? Here's What You Need to Know http://www.wisebread.com/buying-a-rental-car-heres-what-you-need-to-know <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/buying-a-rental-car-heres-what-you-need-to-know" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_driving_96645249.jpg" alt="Woman learning what she needs to know about buying rental cars" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Everyone loves the convenience of a rental car, especially when on vacation. However, tell someone you're thinking of buying one, and you'll likely see a look of confusion &mdash; or worse, disdain. Rental cars are driven hard and often not worth the risk. At least that's what people will tell you, but in reality, rental cars are a very prudent buys&hellip;if you know what you're getting into. Consider the pros and cons of purchasing a former rental car:</p> <h2>The Pros of Buying a Rental Car</h2> <p>Here's why you might consider buying a rental.</p> <h3>The Car Was Well Maintained</h3> <p>Rental cars are serviced regularly; above and beyond the schedule of a typical car that has been bought or leased. The larger rental companies, such as Hertz and Avis, often employ an army of mechanics to keep the cars in excellent working order. After all, it's a major hassle to deal with a car that has issues <em>after</em> a customer has driven it off the lot. And this means&hellip;no lemons. The chance of a lemon car making it through several years of constant rental is almost zero.</p> <h3>The Car Will Be Priced to Sell</h3> <p>Those ads that say &quot;great car, one careful previous owner&quot; obviously do not apply to rental cars. There have been dozens, if not hundreds, of drivers behind the wheel of the car. The rental company or dealership selling the car knows this. They have to tell you it was a rental car, and they know the reaction will be &quot;Oh&hellip;that means it has been driven by so many people.&quot; Their defense is always &quot;That's why we're giving it to you way below book.&quot; And even then, you have a great way to negotiate price. You know it's a car that has had many drivers, and that stands you in good stead. Ask for extras, a free extended warranty, or whatever else you want to sweeten the deal.</p> <h3>The Car Will Look Good Inside and Out</h3> <p>Rental companies and dealerships know the value of the walk around, and therefore, a bunch of dings, scrapes, and a set of bald tires will not help them move the vehicle off the lot. The company will make sure the imperfections and cosmetic issues are dealt with. Cars of a similar age being sold by a private seller will have more dings, scratches, and cosmetic flaws than an ex-rental car. The paint job will look good, the interior will be clean and smell fresh, and things like mats and carpets will be professionally cleaned, or even replaced.</p> <h3>The Car Won't Be That Old</h3> <p>Rental companies don't like having old models on the lot. People want to rent a new, reliable car, not some old junker. For that reason, the cars are swapped out regularly, and the older models are put up for sale. Often, you can get a great deal on a car that's only one or two years old, because the rental company wanted the newer model on the lot. Young cars are usually still in their typical three year/36,000 miles warranty, which will transfer to you (and some manufacturers go way beyond that). You may even find that the mileage is surprisingly low (although that's certainly not guaranteed).</p> <h3>The Car Was Originally Bought at a Discount</h3> <p>Rental companies don't buy a few cars here and there. They buy in bulk from the major manufacturers, and that means huge price breaks. These savings can then be passed on to you when it's time to sell the car. It's simple math. Their original cost of the car was lower than average, and therefore, the price you pay will be lower. They can afford to heavily discount the book price to move the car quickly without losing any profit.</p> <h3>The Car You Want Is Easy to Find</h3> <p>Whatever ex-rental model you're looking for, chances are you'll find it quickly. The big players like <a href="http://www.hertzcarsales.com">Hertz</a>, <a href="https://www.aviscarsales.com/">Avis</a>, and <a href="http://www.enterprisecarsales.com/">Enterprise</a> have websites stocked with a massive inventory of former rental cars. Not only will you find it easy to find the make and model you're looking for, but probably even the color and options you prefer.</p> <h2>The Cons of Buying a Rental Car</h2> <p>So&hellip; you know the ups, but what about the downs? While buying a rental car is a prudent, frugal move, you have to be careful of the following issues.</p> <h3>The Car Has Been Driven Hard</h3> <p>Rental cars have had a lot of different drivers behind the wheel, and that means a lot of different driving styles. Guaranteed, they were not all excellent drivers who were easy on the brakes and treated the gearbox with respect. The number of different driving styles, including people who hammered the brakes, the shifter, and the clutch on manual cars, can take its toll and cause excessive wear and tear on the mechanical parts of the car. These issues may not show up when you buy it, but after a few months you could find parts failing due to the strain of these juxtaposing driving types.</p> <h3>The Car Was Not Loved</h3> <p>Rental cars are not owned in the same way as a lease or purchase. When someone buys a car, it's a lot of money, and it's an emotional purchase. Everything has to be right. When you get a rental car, you really don't care about it. As long as it's the right size, and runs well, you are fine. You'll be returning it in a few days anyway. So, things get spilled. Dings and dents happen more easily. Scrapes are common. While many of these will be caught, and repaired, before the car is sold, the detailing team may not be able to fix everything. Or, there may be a lot of unoriginal parts inside and outside the car.</p> <h3>The Car Probably Has High Mileage for Its Age</h3> <p>Some rental companies swap out cars for new models so often, the cars don't get a chance to be driven over the expected mileage. However, for many rental cars, the mileage goes way over the average, for obvious reasons. A car sitting in the lot is no good to a rental agency, so they do everything they can to make sure every car is used as often as possible. This means discounts, special offers, and coupons to bring in customers. The cars are often rented by people on vacation, and that means a lot of driving, sightseeing, and additional mileage. But, the good news is that cars are so well engineered these days, the additional mileage is not the problem it was 30 or 40 years ago.</p> <h3>The Car Is Being Bought &quot;As Is&quot;</h3> <p>No equipment upgrades. No extras. No frills. Everything you see is what you get, and if you want anything extra (from a roof rack to a tow bar) then you have to pay for it yourself after you <a href="http://www.wisebread.com/how-to-buy-a-used-car-without-getting-ripped-off" target="_blank">buy the car</a>. This is, of course, standard practice on any used car you buy, so it's not a specific drawback to buying a rental car. But still, just remember that when you shop for a used car, it already has the options (or not) that you'll be getting. No more, no less.</p> <h3>The Car May Have Been in an Accident</h3> <p>If the car is in a fender bender, or something more serious, it could all be taken care of outside of the insurance companies and reporting agencies. It can be cost prohibitive for the rental agency to file an insurance claim on smaller accidents, especially if they have a full fleet of expert mechanics ready to repair the damage. This means the accident may not show up on a Carfax report. So, be careful, and get an independent mechanic to check it out.</p> <p><em>Have you purchased a rental car? Would you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/buying-a-rental-car-heres-what-you-need-to-know">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-smart-ways-to-boost-your-gas-mileage">11 Smart Ways to Boost Your Gas Mileage</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-reasons-why-you-should-never-buy-a-new-car">3 Reasons Why You Should Never Buy a New Car</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-buy-a-used-car-without-getting-ripped-off">How to Buy a Used Car Without Getting Ripped Off</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-cars-you-can-drive-almost-forever">6 Cars You Can Drive (Almost) Forever</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-easy-diy-car-repairs-to-save-big">8 Easy DIY Car Repairs to Save Big</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation carfax high mileage maintenance mileage pros and cons rental cars saving money used cars vehicles Mon, 11 Jul 2016 09:00:07 +0000 Paul Michael 1746126 at http://www.wisebread.com 9 Car Parts That Are Safe to Buy Used http://www.wisebread.com/9-car-parts-that-are-safe-to-buy-used <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-car-parts-that-are-safe-to-buy-used" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_car_mechanic_82873065.jpg" alt="Man buying car parts that are safe to buy used" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You can save a lot of money buying used car parts instead of new for vehicle repairs. Options range from scavenging parts at junkyards, through buying rebuilt parts that have been reconditioned and tested to meet original performance specifications. eBay, Craigslist, auto repair shops, and junkyards are all places where you can find used parts.</p> <p>Even though used parts are less expensive than new, not all <a href="http://www.wisebread.com/8-common-car-repair-mistakes-that-can-cost-you" target="_blank">used car parts</a> make sense to install. Some tend to wear significantly with use and age, and may even be unsafe to use as replacements. Which used car parts are worth buying to save some money? These are your best bets.</p> <h2>1. Rims</h2> <p>The chrome rims on my son's 13-year-old car were leaking air due to corrosion and peeling finish. Since it was time to get new tires anyway, I decided to replace the rims with good old steel rims. My shop recommended contacting the local junkyard to find some good steel rims for cheap. If you want fancy alloy rims, sometimes you can find these on wrecked cars for a fraction of the cost of new. Just make sure the used rims are not bent or corroded.</p> <h2>2. Spare Tires</h2> <p>My old car was missing its spare tire, but I didn't want to pay $150 for a new one. The solution to my problem was a $50 spare tire from a junkyard &mdash; this included the &quot;doughnut&quot; spare tire rim and an unused spare tire. The spare tire I found was four years newer than my car, so it was better than the original spare that I was missing.</p> <h2>3. Mirrors</h2> <p>You wouldn't think a broken side mirror would be very expensive to replace, but a heated mirror can cost over $150 if you go with a new one. Rear view mirrors can be expensive to replace too, especially if it has a compass display, lighting, or other special features. Used mirrors are just as good as new ones and can be found for less than half the price.</p> <h2>4. Windows</h2> <p>If you need to replace a cracked or shattered window or sunroof on your car, consider saving some money by finding a used one. Not only can you save on the window glass, but you can find power window motors, hardware, and power window switches with lots of life left for cheap compared with new parts.</p> <h2>5. Power Locks</h2> <p>Eventually power lock solenoids and switches can wear out, leaving you without the convenience of working power locks on your car. When you see the price of replacement power lock parts, you might decide that you can live without them. But don't despair &mdash; check out used power lock parts for a fraction of the cost of new.</p> <h2>6. Transmission</h2> <p>A new transmission can run thousands of dollars. Depending on the age of your car, you might want to lower your repair bill significantly and go with a rebuilt used transmission instead of a new one.</p> <h2>7. Tires</h2> <p>Sometimes it makes sense to buy used tires, especially for an older car that may not make it much longer. Another prime situation for buying a used tire is if your car has older tires and you only need to replace one that has gone flat and cannot be repaired. When buying used tires, be sure to check the code stamped on the side of the tire to determine the date of manufacture. Even if the tires look good, sidewalls get brittle with age and can weaken, increasing the risk of a blowout for tires more than six to 10 years old.</p> <h2>8. Alternator</h2> <p>The wire windings on an alternator can crack and break down as it ages, leaving your car unable to generate enough current to charge the battery and leaving you stranded when your battery finally goes dead. Rebuilt alternators have the old wire winding replaced with new wire, and the voltage regulator is tested and replaced if needed. I have used rebuilt alternators on several occasions to save some money.</p> <h2>9. Interior Parts</h2> <p>Used parts can be a great way to go if you need to replace a car seat, floor mats, steering wheel, or interior trim pieces. Used replacement parts may have some wear and tear, but you can likely find them in similar condition to the rest of your vehicle.</p> <p><em>What used car parts have you used to save money on car repairs?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dr-penny-pincher">Dr Penny Pincher</a> of <a href="http://www.wisebread.com/9-car-parts-that-are-safe-to-buy-used">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-things-you-should-always-buy-used">8 Things You Should Always Buy Used</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-jump-starter-kits">The 5 Best Jump Starter Kits</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/car-buying-part-2-into-the-devils-domain">Car Buying Part 2 – Into the Devil&#039;s domain.</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/remove-car-dents-quickly-and-cheaply">Remove Car Dents Quickly and Cheaply</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-frugal-skills-you-must-have-to-survive-autumn">9 Frugal Skills You Must Have to Survive Autumn</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Shopping car parts car repairs driving rebuilt saving money used vehicle Thu, 07 Jul 2016 09:31:23 +0000 Dr Penny Pincher 1746426 at http://www.wisebread.com Should You Hire a Broker to Buy a Car? http://www.wisebread.com/should-you-hire-a-broker-to-buy-a-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/should-you-hire-a-broker-to-buy-a-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_60741810_XLARGE.jpg" alt="she hired a broker to find her car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>After four years living car-free, a job change recently pushed my family to buy a vehicle. I dreaded going head-to-head with a car salesman and possibly failing to negotiate a good price.</p> <p>While researching how to get a good deal on a used car, I happened upon this quote in an Edmunds article: &quot;You're not a professional car buyer, so why go up against a professional car seller alone?&quot; The piece was about hiring an auto broker to locate a car and negotiate a good deal. It was a practice that I had scarcely heard of, but the one person I know who used a broker raved that it saved her both time and money. And a little online searching had showed me that the specific used car I wanted was going to be hard to track down at a good price. (See also: <a href="http://www.wisebread.com/how-to-buy-a-used-car-without-getting-ripped-off?ref=seealso">How to Buy a Used Car Without Getting Ripped Off</a>)</p> <p>So I decided to give it a whirl.</p> <h2>How to Hire a Broker</h2> <p>Car brokers tend to be solo or small-group operators, and each brokerage may operate slightly differently, but this is what the process was like for me.</p> <p>First, I emailed a local broker who had positive reviews on Yelp, and told him exactly what we were looking for: make, model, acceptable years and mileage range, colors, and trim level. He replied, explaining how his service works and the fee, which for used cars is $800. He would search online through publicly available sites, dealer-only wholesale sites &mdash; a good source for finding former rental cars, he said &mdash; and possibly through his network of other brokers. He'd check vehicle history reports, eliminating cars that had been in accidents or driven in rust-prone regions. Then he'd call sellers to verify availability and nail down the lowest price they'd be willing to sell it for. Finally, he'd send me a list of matching cars, so I could pick the one I wanted to buy.</p> <p>The process went pretty much as he said it would. When he sent the list, he also showed me how to judge how good a deal each car was, and gave his recommendations for the best bets.</p> <h3>Be Sure to Confirm Broker Services</h3> <p>One thing that I did not realize going into the experience was that my broker's work ended when I selected a vehicle. I had hoped that I would simply tell him which car I wanted, and he'd have the necessary documents sent to me, tell me where to wire the money, and the car would be delivered to my door without me ever having to speak to a dealership. Some services &mdash; more likely those that market themselves as car concierge services &mdash; do some of this for their clients, but in my case, the broker simply gave me the phone number of the dealership and the price they'd agreed to, and got a shipping quote for me from his preferred shipping service. I had to talk to the dealership, in a series of back-and-forth calls that ended up stretching over several days, sign the paperwork they FedExed me, and then call the shipper to schedule the delivery.</p> <p>In the end, I got the car I wanted at a good price, with less hassle than I would have gone through if I'd tried to do it all on my own. Because the car I wanted, a late-model Toyota Highlander Hybrid, is in high demand, my broker wasn't able to get the dealership to budge from its advertised price. But it was still a good deal &mdash; in fact, when I contacted a local dealer to see if they could match the price, they congratulated me on getting a steal. But the main advantages of the broker, for me, were saving time and peace of mind. If I'd done it on my own, I'd have felt uncertain as to whether I'd gotten a good deal or a bad one &mdash; and I also wouldn't have had the nerve to attempt an out-of-state transaction without someone to explain how it works.</p> <h2>Is It the Right Move for You?</h2> <p>Car brokers also help people buy new vehicles, but because my purchase was used, the tips here mostly pertain to pre-owned car purchases.</p> <p>You may want to work with a dealer if:</p> <h3>You Hate Negotiating</h3> <p>Even though I would have loved to save more, I liked knowing that when I contacted the dealer, we had already agreed on a price. I had considered avoiding negotiation by visiting a fixed-price outlet like CarMax, but I'm glad I didn't, because CarMax is selling an identical vehicle to the one I bought &mdash; for $3,000 more than I paid.</p> <h3>You Are Really Busy</h3> <p>In the past, I have bought cars through ads posted on Craigslist or even the classified section of the newspaper. It takes a lot of time to contact individual sellers and dealerships this way, not to mention checking Carfax reports. My broker made all these searches, phone calls, and background checks for me, earning his fee in the hours he saved me, alone.</p> <h3>You Want to Find a Vehicle Quickly</h3> <p>My broker located a car with everything on my wish list in under a week. If I were searching myself, I'm pretty sure I would have spent all summer searching Craigslist and other sites before I found a vehicle that matched my list so well.</p> <h3>You Don't Know Much About the Car-Buying Business</h3> <p>If I had been well-versed in how to compare prices based on the <a href="http://www.nadaguides.com/">NADAguides</a> trade-in price, and knew what to look for in a car's history, I might not have needed my broker's help. As it was, I learned so much from my broker that I would feel comfortable searching and negotiating on my own next time around.</p> <h3>You're on a Tight Budget</h3> <p>It may seem counterintuitive to be willing to shell out hundreds of dollars up front in order to get a good deal, but think of it this way: If you're not price sensitive, you don't need a broker, because you can save time and hassle by walking into a dealership and buying a new car at the advertised price.</p> <h2>Downsides of Working With a Broker</h2> <p>Although I'm glad I did it, the experience wasn't perfect.</p> <h3>Pressure to Work on the Broker's Timeline</h3> <p>My natural inclination would have been to only spend an hour or two a week working on my car search, and spread it out over a longer period. Understandably, my broker wanted to get the job over with and get paid. Because of that, I ended up fielding multiple phone calls and emails from him during that week, often at times when I was busy with work.</p> <h3>The Broker May Have Other Incentives</h3> <p>Some brokers are also compensated by dealers &mdash; which is something you should ask about in advance. My broker sold extended warranties, and while his warranties were less expensive than those sold by dealerships, I felt like he expected me to buy one. It would have been awkward for me to say no after working together all week. (In the end, I bought a car that came with a warranty, so the point was moot.)</p> <h3>It's Not Ideal for Introverts</h3> <p>On one hand, it was great to have someone available to answer my questions at every step of the car search process. On the other, I'm not much for talking on the phone, and it felt awkward to have to work on a team every day for a week. Sometimes we had communication issues that caused me stress, especially when my broker would sound irritated, because I didn't understand what he was talking about.</p> <p><em>Have you worked with a broker before? What was your experience like? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/should-you-hire-a-broker-to-buy-a-car">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-you-spend-on-a-new-car">How Much Should You Spend on a New Car?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-save-money-buying-a-new-car-and-be-happy">How to Save Money Buying a New Car and Be Happy</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-millennials-are-changing-marriage">4 Ways Millennials Are Changing Marriage</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-apps-that-make-budgeting-fun-no-really">7 Apps That Make Budgeting Fun — No Really!</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">8 Secrets to a Higher Car Trade-In Value</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Cars and Transportation broker buying a car car financing car salesman car salesperson car shopping new car saving money selling a car Tue, 21 Jun 2016 09:00:04 +0000 Carrie Kirby 1735466 at http://www.wisebread.com Best Money Tips: 7 Ways to Get Free Gas http://www.wisebread.com/best-money-tips-7-ways-to-get-free-gas <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-7-ways-to-get-free-gas" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_getting_gas_28629044.jpg" alt="Woman finding ways to get free gas" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found articles on legal ways to get free gas, healthy hacks to a lean body, and ways to protect your home while you&rsquo;re on vacation.</p> <h2>Top 5 Articles</h2> <p><a href="http://moneypantry.com/free-gas/">7 Legal Ways to Get Free Gas: No Hack or Code Required</a> &mdash; Several companies and organizations offer programs that will pay for your gas if you meet their criteria. [Money Pantry]</p> <p><a href="http://www.stevenaitchison.co.uk/blog/4-healthy-hacks-super-lean-body/">4 Healthy Hacks To A Super Lean Body</a> &mdash; Learn what to eat and drink &mdash; and how to train and relax &mdash; to get a leaner, healthier body. [Change Your Thoughts]</p> <p><a href="http://www.artofmanliness.com/2016/06/14/14-ways-to-protect-your-home-while-on-vacation/">14 Ways to Protect Your Home While on Vacation</a> &mdash; Lock or deadbolt every window and door in your house. Make sure every possible entry is secure! [The Art of Manliness]</p> <p><a href="http://www.5dollardinners.com/12-must-buy-organic-ingredients-from-costco/">12 Must Buy Organic Ingredients from Costco</a> &mdash; Costco has a great selection of organic foods, including whole chickens, raisins, peanut butter, and more! [$5 Dinners]</p> <p><a href="http://www.popsugar.com/smart-living/Easy-Ways-Eliminate-Bad-Smells-41669844#photo-41669844">Here Are 18 Safe, Affordable Ways to Get Rid of Nasty Smells</a> &mdash; Got a stinky drain? A homemade drain buster will get rid of pungent odors. [PopSugar Smart Living]</p> <h2>Other Essential Reading</h2> <p><a href="http://parentingsquad.com/14-fathers-day-activities-for-grandfathers-fathers-and-sons">14 Father's Day Activities for Grandfathers, Fathers, and Son</a>s &ndash; Life passes way too quickly. Capture this special day with professional photographs! [Parenting Squad]</p> <p><a href="http://www.dumblittleman.com/2016/06/improve-your-mental-health.html">5 Quick Fixes To Improve Your Mental Health</a> &mdash; Keep your mind sharp with puzzles games, books, and even video games. [Dumb Little Man]</p> <p><a href="http://shopperstrategy.com/2016/06/16/how-to-take-a-cruise-on-a-budget/">How to Take a Cruise on a Budget</a> &mdash; Booking with a smaller ship will cost less because they don't have as many luxuries. This is a great way to save money if you don't care about spas or a huge selection of on-board restaurants. [Shopper Strategy]</p> <p><a href="http://www.northerncheapskate.com/easy-home-remedies-for-itchy-insect-bites/">Easy Home Remedies For Itchy Insect Bites</a> &mdash; Basil can relieve the itch from insect bites and keep bugs away, too. [Northern Cheapskate]</p> <p><a href="http://www.fool.com/investing/2016/06/16/10-point-checklist-for-investing-in-retail-stocks.aspx">10-Point Checklist for Investing in Retail Stocks</a> &mdash; If the retail stock you're considering competes with Amazon, you may want to move on to another investment with a less dominant competitor. [The Motley Fool]</p> <p><strong>$1,500 Giveaway!</strong> Don't forget to enter before June 30th for your chance to win $1,500 in prizes in our Rutgers Giveaway! If you are a young adult, take a quick survey on your financial decisions and you could win a $500 or one of five $200 Amazon gift cards. For more information and to enter, check out our <a href="http://www.wisebread.com/rutgers-is-giving-away-1500-to-wise-bread-readers">giveaway article</a>!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-7-ways-to-get-free-gas">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/remove-car-dents-quickly-and-cheaply">Remove Car Dents Quickly and Cheaply</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-gas-rewards-credit-cards">5 Best Gas Rewards Credit Cards</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-things-car-salesmen-dont-want-you-to-know">17 Things Car Salesmen Don&#039;t Want You to Know</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-having-a-paid-off-car-is-surprisingly-great">5 Ways Having a Paid Off Car Is Surprisingly Great</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-secrets-to-a-higher-car-trade-in-value">8 Secrets to a Higher Car Trade-In Value</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation best money tips free gas Fri, 17 Jun 2016 09:30:23 +0000 Amy Lu 1732807 at http://www.wisebread.com