Discovering Your Vehicle’s Worth Before Selling It

Unless you own a car that is a rare or is a model that collectors are interested in, every year that passes by causes your car’s value to depreciate. Knowing what your car is currently worth is very important because it allows you to purchase the right amount of insurance coverage without mistakenly devoting more money to its premiums than what is ultimately worthwhile. Likewise, you can avoid buying too little insurance coverage for it by knowing how valuable it still remains. Furthermore, keeping track of your car’s value lets you strategically decide when it would be the best time to sell it. Various online utilities are available that can calculate the probable value of cars after their owners input various pieces of information about their vehicles. If the car is a popular model produced by a mainstream and reputed manufacturer it will cause value estimation programs to consider it a more valuable vehicle than others. People shopping for second-hand cars tend to focus on cars that fit these criteria; this is why you would want your next vehicle to fit these criteria as well when it is time to shop for a new car, as it will leave you…

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Documents to Prepare Before Applying for an Automotive Loan

Lenders are only willing to issue car loans to applicants who they are confident will be able to pay the loans back in due time. A lender determines how likely a borrower is to repay all borrowed money by requesting and reviewing several forms of official documentation. The types of documents that will be required fall into three broad categories, and some lenders may place greater importance on certain categories than others. A lender will naturally need clear and unmistakable proof that its customer is who he or she claims to be, so an applicant must be able to provide identification formally issued by one of several sources. A driver’s identification and Medicare cards, as well as a passport, are viable means of proving one’s identity. The applicant will also be required to accurately convey where he or she lives, so some kind of documentation that exists only because the applicant lives at the stated apartment or house must be prepared as well. This can be a lease document the applicant had to sign, a document relating to the applicant’s mortgage, or a selection of utility bills the applicant paid recently. Following this, a lender will want to see proof…

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Don’t Ignore Your Homework When Buying a Used Car

Finding a used car at what you think is a great price and making a hasty decision, so you don’t lose what you perceive is a great deal can be an expensive mistake. There are many instances where stopping and thinking the situation and purchase through thoroughly could result in a decision that is much better for you in terms of time and money. Careful car financing can often result in a better deal (better car, less money) that you had originally hoped. In Australia, $4,750 is spent on an average overseas holiday. Compare that to the experience of over one million Australians, where the average purchase price paid for a used auto is $11,0000, more than double the cost of a holiday. This average price tag does not include estimated repair bills for a used car that often exceeds $2,000. The Australian Bureau of Statistics has estimated that three-quarters of Australians own a car, and of these, close to 60% have ended up purchasing a vehicle that has turned out to be a lemon. While these statistics are scary, most of these poor decisions could have been avoided. Almost one-third of those buyers spent less than 2 hours making…

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How to Get Finance for Your New Car

Are you ready to finance a new car? If so, there are several options to consider. You probably already realize the importance of searching for a good deal. Jumping on the first offer you see is rarely a good idea. But many people forget that smart financing is also a big part of the process. Here’s some info on how to successfully finance a new car. Get Pre-Approved Being pre-approved by a lender makes shopping for a new car easier. But you shouldn’t approach the car dealership. Instead, speak with several lenders who aren’t associated with the dealership. An independent lender is likely to provide a better deal than you’d get from the seller. Pre-approval is a simple process that usually doesn’t take much time. You simply complete the loan application and return it to the lender. The lender will then discuss your income and credit history for car finance in Australia.  If you’re eligible for the loan, you’ll get approved for a specific amount. Keep this amount in mind when shopping for your new car. Stay within the pre-approved limit so you’ll have no problem when it’s time to buy. Access the Money You should have access to the…

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Improving Your Truck Business Despite Bad Credit

A bad credit score doesn’t have to be a debilitating facet of your business powers. In fact, many truck business owners are able to navigate the sensitive matters surrounding bad credit and still be able to come out strong in the end. If you’ve got big business goals – whether it’s starting a new business or growing an existing one – you’ve got to face a bad credit situation head on. 97% of the Australian economy consists of small businesses, and small businesses tend to struggle more than large ones. The result here is an economy and lending system that is sympathetic to struggling small businesses and businesses in general. So if you have bad credit, don’t give up! There are ways to go around this fact in an economy like Australia’s. Before diving into how to work around these things, consider the many business areas where bad credit might affect your ability to thrive: – You might have difficulty getting a loan for equipment – If you fall too far behind on revenue, you might quickly find yourself in a hole – Falling behind on taxes might occur, leaving you in a hole too big to dig out of…

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Life Planning Around Personal Loans

Personal loans are those magical loans that allow us to finance a better life. The average human being needs to accomplish things in a relatively short amount of time, and they can’t do so on an income more limited than time would permit. If you want that big, beautiful home, chances are you must finance it to make it happen. Few people make enough money to afford all of their dreams outright. Personal loans allow Australians to finance those dreams a little bit at a time while still enjoying them early, all at once. Let’s look at a few of those dreams that people often have to finance. What can you use a personal loan for? Buying or improving a home Home ownership is a huge goal for most people. In fact, out of every 6 people in Australian, one of those folks just isn’t pleased with some aspect of their home. You don’t have to be stuck! Since a home is such an important component of overall happiness, and in fact the place you will make most of your memories, it’s sometimes worthwhile to take out a personal loan and improve the home you already have. Home renovation is…

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Men vs Women: Which Gender is a Better Driver?

The subject of whether men or women are better drivers is an age-old debate as both believe they are the superior drivers. Fortunately, studies have finally revealed a bold truth: women are the safest behind the wheel. Whether you’ve known this all along or are having a tough time believing a valid research study could come to this conclusion, read on for more details and even a surprising twist. Truth in Numbers Recently, the Insurance Institute for Highway Safety (IIHS) released a report based on gender-specific traffic deaths which stated, “Many more men than women die each year in motor vehicle crashes.” It further reported, “Men typically drive more miles than women and more often engage in risky driving practices including not using safety belts, driving while impaired by alcohol, and speeding. Crashes involving male drivers often are more severe than those involving female drivers.” Further, a study conducted by research firm Quality Planning found that men are 3.4 times more likely to be ticketed for reckless driving than their female counterparts and are 3.1 times as likely to be cited for drunk driving. Why It Matters You may wonder why this information is relevant to you as a driver….

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Refinance Your Motorbike in 4 Easy Steps

The roar of your motorbike’s engine is music to your ears. And cruising down the highway makes you feel free as a bird. Riding your motorbike is pure joy, and you want to make sure it stays in your possession. One way to do this is by refinancing your motorbike. You can possibly get a lower interest rate and a reduced monthly payment. Here are 4 steps to take if you’re interested in refinancing. 1. Research Loan Options Your goal is to find the loan with the most favourable terms. It might take a while, but it’s worth the trouble. It’s possible that your current loan is no longer a good deal. If you feel that way, then there’s no reason why you shouldn’t search for a better loan. Decide on the terms you want, and then look for loans that meet your needs. You’ll want to compare competitive loan rates. And the model and age of your motorbike matters as well. Some lenders won’t refinance vehicles based on a specific year or model. For example, you might find a lender who won’t refinance any vehicle that’s more than 5-years old. Keep this in mind when searching for a lender….

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Should You Buy A New or Used Caravan?

Caravans are tremendously reliable family vehicles, and Australians depend on them just like the rest of the world does. This is a big decision for you and your family, so don’t rush into it. Before entering into any kind of caravan finance arrangement, consider a few pros and cons of both buying and leasing. Speak with your family and get a sense of which makes them more comfortable. And perhaps even speak with a financial expert who can analyse your finances and determine which arrangement is going to be more beneficial for you over the long-term. In the meantime, here are a few tips to consider before making your big decision. Recommendations for Buying New or Used 1. Analyse your budget: Newer vehicles typically have a longer lifespan and come with more warranties and guarantees, so they’re the obvious choice IF your budget allows it. You can get many of the same paid features of new vehicles on used vehicles as well, meaning that if you buy used, you might get a better overall new Caravan than you could afford otherwise. 2. Analyse your needs: What will you be using this Caravan for? If you need certain features, such as towing…

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Should You Buy or Lease A Car?

Ownership is perfect for some people and in many ways the ideal solution IF budgeting isn’t a necessity. For people who crave variety, don’t have much money for a lumpsum payment, and simply can’t afford to buy a car that they like, leasing becomes a more attractive option. As always, it comes down to how much money you have in the bank and how much you can afford to pay each month to lease a car. When Is Leasing the Right Choice? 1. If you do not have sufficient funds in the bank to purchase a vehicle outright, then leasing is for you. For people who wish to drive a great car that is out of their budget, making monthly repayments can be a way to secure your dream vehicle. 2. For those people who wish to keep their cash in their pocket for ‘a rainy day’, leasing is ideal. When you choose to lease your vehicle, it means you can save your money for other things in life such as a holiday or home appliances. 3. If you don’t want to get stuck in the same old car for the next decade and love variety, leasing is a great…

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