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If you are deciding to buy yourself a new motor you may be wondering whether to grab yourself a used vehicle or a brand new one. Both type of cars have there benefits, but they both equally have there drawbacks, which we will now take a look at.

Although a lot more people buy used cars, it is slowly starting to change because of the facts that there are a lot of companies that are now offering good finance deals, whereas it is not only the rich that can now afford a brand new motor. But the ratio in which used motors are selling over brand new ones is still very much higher; but this being said there are still some main drawbacks with used motors, which are as follows:

Firstly used motors will not give you the latest gadgets and features that a new motor has the capability of delivering. Next although you may obtain a perfectly working car, it will be hard to find out about its past. The vehicle may have blown its engine, and had a completely reconditioned one placed in, or it may have been involved in a high speed accident and eventually been repaired. You can although still get many benefits from a used car especially if you are on a strict budget. Basically the cars will be a lot cheaper and you will be able to choose from a wide selection of motors.

If you ultimately decide to choose yourself a brand new vehicle then you will have to weigh out the pros and cons. Basically when buying a brand new car you will ultimately be getting yourself all the latest technologies as well as a guaranteed working order vehicle. You should have no problem for at least three or four years. But in this equation comes the downsides, especially if you are getting the car on finance. A basic example which I am going to give you is when you purchase a new top of the range car it could cost anything between six thousand and seven thousand pounds. If you obtain a finance agreement for 2 years, the price of that car at the end of the agreement could be slashed by up to 70%. That is a massive amount on which you could save yourself for a two year wait.

Whatever option you choose you should carefully weigh out the cons and pros of each. If ultimately you still find yourself in a hole you could always consider car leasing deals, which are now a very attractive option.

Ah, the excitement of a brand new car! Driving to every friends house you ever had to show it off. Spit shining it ever chance you get.

The only bad part about the deal is, well the deal.

Fortunately, there is a way get a great price on a new car and this insider info will save you both time and money.

How many hours have you wasted talking about a new car deal, only to find out that the dealer had other contract clauses in mind that exploded the cost? I have wasted entire days in the car buying process.

What does factory invoice price really mean? The price that you see on the car is the manufacturers suggested retail price. You do not want to pay this over inflated price. Supposedly, the factory invoice price is what the dealer paid the manufacturer for the car. The dealer will have an invoice with this price on it.

When you hear a dealer say that he will sell to you below invoice, you wonder how on earth he could make any money. You may think that you are getting the bargain of the century.

Well, not so fast. See, the factory invoice price probably is not what the dealer had to pay for the car.

Dealers get all sorts of incentives on top of this base price. Carryover allowances and other special discounts added in make the actual cost of the vehicle less than the price on the invoice. This can add up to the tune of $500 to $2000 dollars.

So you could buy a car at $100 below the factory invoice and still be fattening the salesmans wallet more than enough.

Ask if the car manufacturer offers a factory to customer rebate. You have to get this straight from the manufacturer, but every little bit helps!

The more you know about factory to dealer incentive payments, holdbacks, and other allowances the dealer will receive, the better off you will be. Do your research so you will know the best prices cars like yours have recently been selling for.

Now, you do not want to get a great price on a car, and then lose out by paying too much for financing, for an extended service contract, and for unnecessary add-ons.

Also, check to see what the market value is of your current car if you are considering a trade in. Do not talk about a trade in until you have agreed on a price.

Before going car shopping, check the annual percentage rate currently offered by banks in your area. Sometimes credit unions offer good rates.

Many new cars are very reliable and often carry long manufacturer warranties. An extended service contract may be a waste of your money. If you do want one, make sure you check over it with a fine toothed comb to see what it covers and what it does not. Nothing like being surprised by a repair bill.

If your car already has rust proofing, paint sealant, or fabric protection, make sure you do not end up paying more than $50 for it. Any more than that will be pure profit and mark up.

A good deal on your new car can be negated if you get a lousy price on your trade in. Go ahead and take your car to a few dealerships beforehand and ask what they would pay you for it straight out. Explain that you are selling your car and getting offers from different dealers.

If the dealership where you are buying offers you a ridiculously lower price, you may as well sell your car outright to one of the dealers you checked with.

You do want to get the true wholesale value for your trade in. A dealer who offers some extraordinary trade in allowance is likely making it up on the new car price.

It takes a little extra time to ensure a great deal on your new car, but your savings can be substantial. You just might find the whole process fun!

Owning a brand new car is exciting. But financially speaking, it makes more sense to buy a used car. As soon as you drive a new car off the lot, it loses a great portion of its value. This is because your car is no longer “new”.

Still like any journey, with the right guide to buying a car, one can breeze through the experience with flying colors. Below is a guide to getting better car buying deals not only in terms of getting high quality cars but also in being aware of rebates and discounts. Both online and offline transactions were mentioned and discussed as some people are already doing their shopping online.

Read on and see for yourself which car buying guide you already know and which one you just heard for the very first time.

Car buying guide #1: List your requirements and stick to it.

Knowing what you need and what you want already takes you halfway the decision-making process. List your requirements and search for a perfect match out of the hundreds of car models available. You can do this in the old fashion way by visiting the car dealers near your area or the new age way through the wonders of the World Wide Web. One car buying guide which you should remember is to never go to dealers without having a car in mind. Websites like CarDirect.com has a handy research tool that can help you refine your search

Car buying guide #2: Have a budget and stick to it.

When you have already decided on your car model, you can now look into the prices being offered by various car dealers. One car buying guide that is really important is to do price comparisons, which are available online at InvoiceDealers.com or CarsDirect. You can also ask advice from people who have bought cars in the last five years. Chances are, car dealers still have the same practices.

Car buying guide #3: Be on the look out for special sales and promos

Most car dealers and even websites will always come up with a promo or a special deal guaranteed to outsell the competition. You can also leave your contact details and ask the car dealers that you have visited to inform you of upcoming promos. That way, you will stay up to date and would be able to compare different deals offered by different companies. One can also try looking for great deals over the Internet. Some websites like ” Auto Info Online ” can also give you a lot of information towards buying a car.

New vs used. Which car is right for you? Consider the following.

Owning a brand new car is exciting. But financially speaking, it makes more sense to buy a used car. As soon as you drive a new car off the lot, it loses a great portion of its value. This is because your car is no longer “new”.

New cars lose about 40% of their value within 3 years, then depreciation starts to slow down. Why not buy a used car and allow someone else to take that depreciation hit?

The previous owner will have absorbed the steepest part of the depreciation cycle. At that point the costs of owning and operating the car will be reduced. The money you save on depreciation will surely go a long way.

Another benefit of buying used is lower cost. By buying used you pay less. You will also save on financing costs, insurance premiums, registration and licensing fees. You don’t have to worry about paying sales tax.

As with everything else there are a few downsides to buying a used car. There are greater chances for costly unwarranted repairs. You may very soon have to do major maintenance on your car, including replacing tires, battery, brakes, muffler, and perhaps even the transmission.

A used car is usually less reliable. You don’t know exactly what you’re getting into and how the previous owner treated the car. However, every situation is different and some used models may actually be far more reliable than some new ones.

If you can pay cash, go the new car way. Enjoy the feeling of knowing you’re the original owner of a new car in mint condition. Nothing can replace that feeling.

Otherwise do not hang your hat higher than you can reach. Practice financial prudence. Save your money and comfort yourself knowing that one day you will be able to afford that dream car. One day when money is no object.

About the author:

Ron Dutta (AutoInfoOnline.Com)

Insuring your car is must because you never know when what damage can occur to your new car. Everybody should practice the insuring system; the moment one buys a car. This not only helps in protecting the car, in fact, it will provide you a kind of mental relaxation too. As the latest model cars are being crowded in the market and these are highly valued, everybody today desires to have one such car. In that case, your brand new car too can be stolen. So, by being cautious and getting the cheap car insurance UK you can prevent your car from being theft.

Moreover, the car insurances are good for getting the value of the car back even if it gets damaged due to accidents or fire. Also, car insurance papers help in proving your ownership if ever you get involved in some accidents. In getting medical services too such papers will help. In other word, such insurances are like a financial backing for you. But that will be useful only if you go for the best deal with cheap charges.

Going for the insurance policies with low premiums will a best thing. While paying the premiums each month, you will at least feel no burden. Moreover, the price of the policy should also be less. However, that price depends on the size and model of your car. The driving record of the driver too decides this price. If you have been a safe driver without any records of accidents or with few such records, then the premiums and the price of the policy would not be much.

For availing the best and cheap car insurance UK you can try your hands on the online loan services. Finding the best deal out will just be a matter of minutes. By comparing the quotes made by the insurance agencies you can select one and then apply for it through the online services. Without meeting the lender you will be able to do all such things quite easily.

Have you been thinking about buying a new vehicle? If you have then you must allow yourself time to carefully consider all of your options. Many spur of the moment purchases can be regretted, especially a poorly thought out car purchase.

While most people have their own ideas about the make and model of vehicle they want all perspective car buyers will have to decide between two major options. Should you buy a new vehicle or should you settle on a used one. Almost all car buyers want a brand new vehicle for a variety of reasons. There is nothing like being the first person to slide behind the wheel of a car and take it home. Unfortunately, that dream is not affordable or practical for many car buyers.

A new car usually comes with a five year/ 100k mi. guarantee, so the manufacturer ensures you that the car will function properly this entire time. In addition, if sometimes breaks, it will be covered by the warranty and the vendor will change that faulty item free of charge. However, all these advantages come with a price. In addition to being more expensive, not only do you pay a lot more when you buy it, but also the car will lose its value very fast. In fact, a new car looses about 15% of its initial value each year.

Knowing that you can take your car back to the dealer the minute something goes wrong severely reduces the stress level of the average consumer. Ironically enough people who purchase brand new cars have just as much of a chance of taking their car in for repairs as those who have purchased used cars. With that in mind, if you might end up taking your new car to the shop anyway what is wrong with purchasing a great used car whose vehicle history has been fully disclosed.

Since purchasing a brand new car is not always feasible many car buyers will start looking at used cars. A used car is a great solution, especially if you can find a car in good working condition. State and federal laws prohibit dealers and individuals from selling cars that need a lot of repairs to unsuspecting buyers. Since most dealers know that they cannot get away with selling a ‘lemon’ they will offer warranties that will cover most basic problems.

When it comes to buying second hand cars, there are many solutions available. While you can read the newspapers and follow those ads, you can buy a used car in a more convenient way. Auto listings on various online sites can also help you narrow your search within your area. I usually look within 100 miles of my address.

Many good cars can be found in public and online auctions. There are many online cheap repo car sales and if you are lucky, you can even find a car up to 95% off its retail value. These auctions are made up of cars that have been repossessed for non-payment and are now put up for auction by the finance company. Since the finance company is desperate to get some sort of money for the car they are willing to accept whatever is offered. Usually these cars have traveled few miles and for the past recent years they have stayed in a garage and not on the streets. Sometimes auctions have paintless dent repair technicians and auto mechanics look over the car before anyone even bids on them to make sure they are in top-notch condition. Choosing a cheap repo car can be the perfect solution for you, especially as you can be sure of the car’s origin and about the fact that the car has not been hit or damaged.

Nothing screams ‘total independence’ quite like being able to buy your own car and not just any car mind you, but your actual ‘first car’! You want the hottest and newest model on the market but the first time car buyer; you maybe shocked at all the costs involved.

Before getting a new car loan, you have some financial obligations to settle before sliding into the front seat. You must first apply for a new car loan.

If you need a new ride, it’s time for you to consider applying for a new car loan. Since new car loan options are varied and extremely abundant these days, it’s the wisest to have some useful information handy when it comes to finally taking that big leap into acquiring your new car loan – and your beautiful new car, of course!

What are the benefits of applying for a new car loan? Well, to start with, new car loans actually give you the option of scoring a car that will surely be able to get you to places, a car that you can depend on especially during those times when you’re really running late for an appointment.

In short, a brand new car! A brand new car gives you the peace of mind as well as the satisfaction that you’re driving something that is of real quality.

In spite of a seemingly minor drawback of spending a tad bit more as compared to just buying a used car, experienced car owners unanimously agree that if you are responsible enough to take on a new car loan, the pros out weigh the cons.

If you’re debts are well organize and you have a stable job, then you’re obviously MORE than worthy of ’spoiling’ yourself! Make your way to the nearest new car loans line and apply for that new car loan which will get you that once elusive ‘first car’.

A car loan calculator can be offered free on the internet as an Excel Spreadsheet Download Area. It is ready to use. All of them have several loan scenarios on one 8×10 printout, allowing you to make quick decisions about your car loan.

You can also find car loan calculators online at E-LOAN and Capital One Auto Finance. If you have a PocketPC type PDA, you can download a version of some car loan calculator for PDA. You can use the spreadsheets to compare online auto loan rates to the car dealer auto loan rates. New car financing has never been easier for you.

Here are some general kinds of car loan calculators and see which works best for your car loan needs.

Free Car Loan Calculator – There are tons of free car loan calculators around, especially on the internet.

Remember most of the calculators are just to work out what you’re ideal monthly payments should be and are NOT a quote. There are free car loan calculator links all over the net.

New Car Loan Calculator – New car loan calculators help you work out your ideal monthly payments.

A lot of new car loan calculators can be used for a variety of uses like used car loans. With this calculator, you can usually enter your own interest rate for your loan.