How to Find Bank Repo Cars and What You Should Know About Buying Bank Repo Cars

More and more people are looking for bank repo cars nowadays. We have heard of how we can get cheap vehicles by buying those repossessed by banks or other financial institutions. We have also heard of how some are sold for as low as 10% of their current store value. However, to categorically benefit from this source of cheap vehicles, one must know 2 things: where to find them and what to look out for.

Bank repo cars - How to find them

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The repossessed vehicles are typically auctioned off in whether communal auctions or dealers' auctions. The latter requires participants to possess a dealer's license. Such auctions are sometimes advertised on local newspapers. Spend a few minutes each day flipping straight through classified ads and you may just spot one or two. Someone else way to find out about these auctions on bank repo cars is by calling the banks. This will take a wee more time and Pr skill as not all the employees may have the information and you may have to speak to dissimilar people to ultimately get to the right man to talk to. Finally, you can use online services to crusade for bank repo cars put up for sale or auctions in your area. Most of these services fee a one-time membership fee and are able to furnish you with modern information on these sales.

How to Find Bank Repo Cars and What You Should Know About Buying Bank Repo Cars

What you should look out for
There are many things that one needs to be aware of when participating in such sales or auctions. We may not be able to cover all here but just to give you an idea of the more prominent things to note:

1. health and history of the vehicle. Bank repo cars are repossessed in a range of ways, sometimes, without the owners' pre-knowledge. And depending on how the former owner takes care of the car, the health of these vehicles varies. Some auctions have a preview duration when you can check out the cars you have in mind. Bring along a mechanic if you are not so customary with car inspection. Also, you should get a car history record using Carfax. The record will tell you many details such as any former accidents or repairs done to the vehicle. You may need to spend some money on these but trust me, it is well worth it in the long run.

2. Setting a budget and stick to it. Some people ended up overbidding on a car because they didn't set a concrete budget beforehand. A good guideline that I will use is the wholesale price of the car minus the cost of some minor refurbishing that might be needed for the vehicle.

3. Read the fine prints. It is all the time wise to check for any inexpressive costs or warranty issues before you even start bidding on bank repo cars.

How to Find Bank Repo Cars and What You Should Know About Buying Bank Repo Cars

Why You Should Buy Life Insurance!

There are many reasons to purchase life insurance. The demand I should be request is, why not buy life insurance? It is not just for young families or for the very old, it's for everyone. Whether you have five kids or no kids; a house and a car, or just a dog. You need it! There are many dissimilar types of life insurance. I am going to elucidate a couple of those now and also what they are best superior for.

Term Life is an reasonable form of insurance that only lasts for a fixed period of time. You pay into it each month and once the term is up, that's it. That might not sound like a great deal, but it beyond doubt is. It is protection for less, puny protection, but still protection. The price of whole life is large compared to term. So, my husband and I both have thirty year term life. We know that if we stop paying it, we will lose it. The presuppose we have it though, is because we have a daughter and a house and things we would like to safe if one of us were to die. We have term because we know that later on we will be able to be self insured. We both have great careers and multiple rental properties and we love saving, so we know that our daughter and time to come children will inherit quite a bit when we die. But, until that happens, we want to have our term life insurance just in case. In my opinion, every new house should get at least term life insurance. If something were to happen to you, or your spouse, you would want to have money for the children and house to be cared for.

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Another reasonable form of life insurance is final cost whole life. This is something that is meant to pay for a funeral and burial in the event of one's death. It is difficult to think about, but each and every one of us is going to die one day. I know that when I pass, I do not want to leave the funeral expenses for person else to pay. That is why everyone should have at least sufficient life insurance to cover whatever kind of funeral they would like to have. Final cost life insurance is very affordable and it is a whole life policy, so it has cash value that can be borrowed against if need be. Forester's Life insurance firm allows person to take out an interest free loan from their final cost policy if they are diagnosed with a critical illness. That money can be used for whatever the policy possessor would like to use it for. But, any whole life policy can be surrendered for its cash value.

One of my popular types of life insurance is Universal Life. The presuppose I love it is that it is not as costly as whole life, not as cheap as term insurance But it has a cash value and a surrender value plus a guaranteed interest rate, so you are Not Losing money!! I believe population should get Universal Life when they are Young!! I wish I could convince every twenty something in the world to get a Ul policy. They would beyond doubt appreciate the advice twenty years from now. I rehearse many dissimilar life insurance companies, but one company's Ul stock stands out above all others. That is Forester's Smart Ul. The presuppose is that it has a high cash value, low rates and along with this policy you get Forester's member benefits. The benefits consist of a critical illness lump sum of 00, use of a lawyer for advice and production a will, smart money advice, orphan scholarships, single parent scholarships and more.

Why You Should Buy Life Insurance!

When Should I Buy Used Tires For My Car?

Taking care of our automobiles is a very important and expensive enterprise. One aspect of that care is buying tires when necessary. While it can be easy to ignore this particular maintenance issue, letting tires deteriorate or grow bald to save a dime can be a costly error.

If money is a true concern, the fugal can save by purchasing used tires. Although these tires may not have the longevity of new ones, they are safe and can be found rather easily if you know where to look.

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When to Buy

Government regulations stipulate that tires have to be replaced when they have become dangerously worn. What constitutes wear?

Well, if the things are bald or showing rot from non-use, then one wouldn't have a doubt as to the tires unsuitable nature. Problem is, some wear is not so easily discernible.

Experts in the field advise placing the head of a dime in a crack in the tire. If you can do this, it will indicate the tire needs to be replaced. Another thing to look for is potential rubber degradation. The lowest part of the tire is the place where most tires show wear first. Check this area periodically to look for places that are staring to lose their tread or show steel.

Where to Buy

Many people have begun to buy used tires online which can be a bit foolhardy.
You can of course buy them online if you want to, but one should really look at tire purchase as a hands-on thing, as car tires are too important to leave to chance. If you have to buy used rubber, buy where you can physically inspect what you're getting.

One can find used tires at local automotive chains, discount and regular local tire shops. Again, this is the safest bet for obtaining quality used tires.

Longevity of Used Tires

The question of how long tires may last, whether used or new, can depend on a number of variables.

Even the best of tires, for example, won't last long if you are prone to speeding or skidding on pavement, gravel or asphalt. Severe climates and atmospheric conditions can also affect the life of the tire.

The U.S. National Highway Traffic Safety Administration acknowledges that tire maintenance and rotation will increase the longevity of the tires, but the heaviest factors of consideration will always be how often the car is driven.

In many cases, with great care, most may last between 30,000-50,000 miles.

Tire care and maintenance

Used tires can be maintained and kept to government regulation by keeping them inflated, checking them routinely for leaks, and wiping the tires down with soap and water. The latter is very important because you will be able to check for cracks, leaks and wear.

Now, in regards to tire inflation, you should know that it is possible to both over inflate and under inflate your tires. Manufacturers usually have specified instructions for how often their tires should be inflated. If the tires are used, you may have to call the manufacturer or ask the seller about these particular specifications.

The lifespan of a tire decreases when they are not inflated the way they should be. Buy a usable tire gauge and check for leaks as often as you can.

The Value of Transportation

Vehicles are essential to our livelihoods and independence, so we mustn't take any aspect of auto care for granted. If you wish to purchase used tires, make sure they are reliable and the right kind for the make and model of your car. Observing these tips alongside other simple tire care rules will keep you and your car safe and on the road for a good long while!

When Should I Buy Used Tires For My Car?

Rental Car Insurance - Should You Buy Rental Car Insurance?

Your flight landed an hour late. Now, you'll be late for that important meeting. You can already imagine your customers sitting around a conference table waiting impatiently. You step to the front of the line at the car rental counter, with six other exasperated businessmen behind you who are late for their meetings, too. The rental agent plunks the contract down in front of you, and circles all the places on the contract that you're supposed to sign or initial. Then she stares at you, as if to say, "Hurry up!" The print is small. The sentences are written in Legalese. You'd like to stop and read the fine print, but you can feel the people behind you getting more upset. You thought you were renting a car for .00 per day. With all the add-ons, the cost is now .00 per day.

Oh...the pressure...the panic! You cave in, signing and leaving your initials in all the right places. You take your contract and keys and head for your car, inwardly feeling like a failure and mad because you didn't stand up for yourself.

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If the preceding story is too familiar, there's hope just ahead!

It doesn't matter if you're a regular car renter or just an occasional traveler who needs to rent a car, you'll likely face these kinds of choices at the car rental counter. Some folks just decline everything. Some folks purchase all of the coverage offered.

But...are you wasting bunches of money on unneeded coverage or leaving yourself dangerously under insured? Before leaving on your trip, I recommend that you make two phone calls - one to your auto insurance company and another to the credit card company you'll be using to pay for the rental car. You'll need to find out if you have automatic coverage for your car rental from each company, and the various terms and conditions for that automatic coverage.

FIRST...CALL YOUR CAR INSURANCE COMPANY

In your personal or business auto insurance policy, there is coverage for damage to your auto. The Insuring Agreement in most policies says: " We will pay for direct and accidental loss to 'your covered auto' or any 'non-owned auto,' including their equipment, minus any applicable deductible shown in the Declarations."

Another phrase is VERY IMPORTANT!

"If there is a loss to a 'non-owned auto', we will provide the broadest coverage applicable to any 'covered auto' in the Declarations." Here's an example of how this would work for you:

You have two vehicles. One is a 2006 Toyota Camry with full coverage. It's worth ,000. The other is a 1980 Chevy S-10 pickup worth ,500 that you only use for trips back and forth to the local home improvement store, and you only have liability coverage on the pickup. If you rented a car and it got damaged, your insurance company would provide the full coverage for the rental car, which is the broadest coverage in your policy.

If you normally drive an older car with only liability insurance on it, there will not be any property damage insurance extended to the rental car. In this instance, you should either use the credit card's Collision Damage Waiver or buy the CDW from the car rental company.

Ask your insurance company representative how much coverage you have on your car. Ask if there is a limit of value on your Collision coverage. If there is a limit, and you drive a 7 year old Ford Taurus that's worth ,500...and you rent a new Cadillac Escalade that's worth ,000...will your personal auto insurance cover the damage to the higher valued vehicle? REALLY important to know this...you could owe the rental car company tens of thousands of dollars to repair or replace a high value rental vehicle if you're not properly covered.

Find out the limits of liability. Make sure that your limits are higher than the minimum limits required by your state. Limits above 0,000 per person/0,000 per accident for Bodily Injury, and 0,000 for Property Damage are very inexpensive. Make sure that you limits are no less than that amount...higher would be better.

Find out what collision and comprehensive deductibles you have on your car, because those deductibles will apply when you rent a car and use your own insurance for rental coverage.

Make sure that you have Uninsured Motorist and Underinsured Motorist coverage on your personal or business policy. If you are in an accident with an uninsured motorist, and the accident is his fault, recovery will be practically impossible. Likewise with a motorist who is underinsured. Best to have your own coverage protection.

Q: What if I don't own a car, and don't have car insurance?

A: If you do not own a car, you won't have an automobile policy. You should buy the rental car coverage, both the CDW and liability coverage. Or, you should use your credit card's CDW and buy the optional liability coverage from the rental car company. If you're a frequent car renter, however, you can still buy a "non-owner" liability policy. This solution might save you money over the coverage available through the car rental company.

Q: What happens if my personal property inside the car gets damaged or stolen?

A: Most Collision Damage Waivers provide coverage for theft of the vehicle, but not any personal property stolen or damaged inside the vehicle. Check your homeowners or renter's insurance policy because you may have coverage through them for your stolen or damaged personal property. A deductible will likely apply.

Here's a super important tip! Some people think that, if they purchased the Collision Damage Waiver or used the CDW from their credit card, and the rental car got damaged, they don't have to report it to their own insurance company. They are hoping that because the CDW covers the damage, it won't affect their own insurance policy....and they won't get a rate increase. WRONG!!! Don't be misled into thinking that you can get away without reporting your accident to your own insurance company. In most accidents, more things get damaged than just the rental car. Even if your accident is just you running into a guardrail, whoever owns that guardrail is going to look to you to pay for the damages. Also, other people might have been injured. You could have a large liability exposure, and you might need your personal or business auto policy to cover your loss. Your insurance policy includes legal representation if someone files a lawsuit against you for damages.

If you're going to use your own personal or business auto coverage, decline the Collision Damage Waiver on the car rental contract.

NEXT...CALL THE CREDIT CARD COMPANY

Ask your credit card company about the benefits they offer. Each company is different, and each level of credit is different. For example, a regular card might have different insurance benefits than a gold or platinum card. Ask the card company to send you your benefits IN WRITING. If you're in a hurry, ask them to fax or email it to you.

Some cards may only cover collision and comprehensive, and leave you uninsured for liability. Some cards only offer coverage when you rent from a certain rental company. Some restrict the number of days of coverage. Some cards don't automatically cover you and require you to sign up for a particular program. Still others limit the kinds of vehicles you can rent. (see below for some exclusions)

If you have more than one credit card, call each one and find out the card with the best benefits. Then, use that credit card to pay for your rental car, and use their benefits.

If you're planning on using the credit card company's coverage, you must decline the Collision Damage Waiver shown in the rental car contract. Otherwise, the credit card company's coverage will become excess to the coverage in the rental car company's Collision Damage Waiver. "Excess" means that any other available coverage would pay first, and the credit card coverage would pay any remaining portion of the loss.

Credit card Collision Damage Waivers cover:

o vehicle damage
o theft
o loss of use
o towing

See your credit card company's written CDW for all the details.

Collision Damage Waivers exclude:

o Injury to anyone or damage to anything inside or outside the rental vehicle.

o Loss or theft of personal belongings.

o Liability

o Loss due to intentional acts, like DUI, drug use or other illegal activities.

o Off-road operations. If you rent an SUV and take it off-road, no coverage.

o Rental periods of more than 15 days within your country of residence, or more than 31 days in a foreign country.

o Vehicles that do not meet the definition of "covered vehicles," such as:

- expensive, exotic and antique vehicles

- certain vans

- pickup trucks

- other trucks

- motorcycles and ATVs

See your credit card company's written CDW for all the details.

CAR RENTAL INSURANCE

Most major rental car companies offer these four coverages.

o Collision Damage Waiver (CDW). This covers a rental vehicle damaged by an accident, vandalism, theft or loss of use. Costs range between and per day.

The most misunderstood part of car rental coverage is the Collision Damage Waiver, or sometimes called the "Auto Rental CDW."

Remember...the car rental CDW provided by the car rental company is not insurance. Insurance is regulated by each state. Collision Damage coverage is a waiver. The car rental companies agree to not hold the renter responsible if the rental car is damaged or stolen, and they guarantee that they will pay for certain damages listed in their coverage agreement.

In many cases, the waiver also provides "loss of use" coverage, which pays the rental company if the damaged or stolen car cannot be rented. In most states, car insurance policies don't cover loss of use. So, if you choose not to buy the Collision Damage Waiver, you might have a loss of use exposure if the rental car gets damaged. But if you're using your credit card's automatic coverage, it will pay for that loss of use.

Some car rental companies will require you to pay for repairs or replacement costs out of your own pocket up front, and then you have to get reimbursed by your own insurance company. Being forced to come up with thousands of dollars in immediate cash could ruin a vacation. You're protected from these up-front costs by the CDW. Read your rental contract CAREFULLY!

o Personal Effects Coverage. This provides coverage for theft or damage to personal items inside the rental car. Costs range between and per day.

o Supplemental Liability Insurance. This provides liability coverage up to million. Costs range between and per day.

o Personal Accident Insurance. This covers you and passengers in your vehicle for medical expenses. If you already have personal health policies or travel policies, it won't be necessary to buy this optional coverage. It usually costs between and per day.

Corporate Travelers. If you're a frequent traveler for business, do one other thing. Check with your company to find out if they have a corporate travel policy. If they do, find out what that policy covers, and then simply don't buy duplicate coverage on the rental car contract.

Car rental outside your country of residence. Some insurers exclude coverage if you're driving in a foreign country. Some will cover you, but only a limited time. Some credit card companies cover car rentals outside your country of residence. Check with your insurance company and credit card company for specific details, and GET IT IN WRITING!

Q: Can I allow others to drive my rental car?

A: If you're using your personal or business auto coverage to cover your rental car, the chances are all "authorized drivers" are covered. An "authorized driver" is anyone listed on the policy. However, here's a BIG GOTCHA! If your teenaged son drives your rental car and he allows his girlfriend to drive the car, you're covered. If the girlfriend allows another person to drive, NO COVERAGE!

Some car rental companies have exclusions for young drivers. Some charge extra for young drivers. Find out this information BEFORE you arrive at the car rental counter.

Q: How do I file a claim if I've had an accident?

A: When you experience the damage or theft, immediately get a camera and take lots of photos of the damage, including any other autos or property that was damaged. Keep those photos! Notify the rental company IMMEDIATELY of the damage.

Report the damage to your own auto insurance company if you have personal or business coverage.

When you return the vehicle to the rental company immediately ask for:

o A copy of the accident report and any claim documents, which should show the amount you're responsible to pay, as well as any amounts that have been paid toward the claim.
o A copy of the initial and final auto rental agreements.
o A copy of the repair estimate or the paid repair invoice.
o A police report, if one exists.

So the bottom line is this:

If you have personal auto insurance, commercial auto insurance or corporate travel coverage, it is usually not necessary to pay for the Collision Damage Waiver or extra coverages offered to you by the rental car contract. Your situation may vary.

Get everything in writing, and make an informed decision. Then enjoy your car rental experience!

Rental Car Insurance - Should You Buy Rental Car Insurance?

Should You Buy an Extended Warranty For Your New Car?

When you buy a new car, you would naturally expect not to have any problems with that car for the first few years. And as you probably want to save on any extra expenditure at that time, you may not wish to take out the extended warranty that the car showroom offers you. However, the cost of putting something right if you do not have cover can far outweigh the cost you pay on an extended warranty. And even if you said no in the showroom, you can still get cover after your purchase.

Cars used to be made very simply, and having a good knowledge of mechanics meant you could repair and maintain your car yourself, but this is not so anymore. New technology and the increased use of electronics means a greater potential for failure and it is harder to turn your hand to fixing the problem yourself. Just diagnosing a problem with your car can take up the valuable man hours of your own time, that an extended warranty would cover.

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As one of the biggest purchases you will make in your life apart from your house, it is essential that you take out the extra cover to protect and insure you against future problems. We all take out buildings insurance, so why do we not take out an extended warranty on our ten thousand plus dollar purchase of a car? Those of us who go over our household budget with a fine toothcomb, know the importance of an extended warranty. In these fiscally challenging times, an unexpected bill to get your car back on the road, can be a big drain on your monthly disposable income.

Buying a car is a big investment, and it is sensible to protect that investment. Cars do come with certain protection and warranties from dealers, but usually these only cover certain defects and provide for repairs after a certain mileage has been completed. With a greater reliance on our cars, this free cover often does not protect us against many of the potential pitfalls that lie ahead.

Taking out the protection an extending warranty provides you with, will keep you and your family on the road for business and pleasure, and will ensure that you have complete control over your monthly outgoings. So when making that major purchase, consider the protection an extended warranty can afford you, and the peace of mind it will deliver. Garages will gladly charge you hundreds of dollars to put the faults right if you do not have cover, so maybe you should gladly pay that small amount for an extended warranty so that they do not see any more of your money than they have to.

Should You Buy an Extended Warranty For Your New Car?

Extended Auto Warranty - Should I Buy an Extended Car Warranty?

Are you in the market for a new car? Have you just recently bought a new car? Is your new car warranty close to running out? If you answered yes to any of these questions then you need to get an extended car warranty quote. An extended auto warranty is the best way to keep control of your auto repair expenses.

You never know when an auto repair expense will come up. They tend to develop when you least expect them and when you are least able to deal with an auto repair expense. New car warranties cover major car repair expenses, but after the warranty expires, you are left responsible for major car repair expenses. This is where an extended auto warranty comes in. An extended car warranty will extend your protection against major expenses for a longer period of time.

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When you buy a new car, the new car dealership tries to encourage you to take their extended auto warranty quote. That's a bad idea. New car dealerships are in the business of making money and their extended car warranty quote has a hefty commission built in for the dealership and the salesman. That explains why the dealership encourages you to purchase the warranty from them.

An extended car warranty is a great investment that will save you money, but you don't have to overpay for the warranty. You can purchase an extended auto warranty at any time, from right after you purchase your new car until right before your new car warranty expires. You can even find extended car warranties for used cars.

If you want to get the best deal on an extended car warranty, you need to get an extended car warranty quote today. We provide you with a no obligation quote that can get you started in getting your auto repair expenses under control. With nothing to lose and a peace of mind to gain, you owe it yourself to get an extended auto warranty quote today.

Extended Auto Warranty - Should I Buy an Extended Car Warranty?

"We Finance Everyone" - Buy here pay here car places and what you should know!

Maybe you car dealerships, to see an announcement: "We Finance Everyone"? This may be tempting, if you think you have no choice. Let's take a look because this is a bad path to take, if it is bad credit auto financing.

If you have considered this type of car finance are there are some things you should know about. Since these types of merchants do not send the loan through a mortgage lending company, there is a real self-financing. It 'just a matter of themKeep track of and full responsibility for the car until the payments directly to them. This is not the end of the story, however.

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If you have bad credit, is the last thing you need to come up with a substantial cash deposit on a vehicle. You're out of luck with that, if you use a purchase and pay here dealers. They want more money down and the more the better in their eyes.

One way to avoid cash payments for cars, is to get approved by aCirculation. There are services available online that can help you with better prices and better deal with. As we have already organized your financing through a company like this, you can choose from a regular house without worrying if you buy the machine to enter a location approved.

If you purchase the application you choose here pay here, try a reputable dealer, atleast trust. You need to look outside that area, but I'm sure it's a good outsidesomewhere.

"We Finance Everyone" - Buy here pay here car places and what you should know!