Monday, May 10, 2021

Is There A Benefit To Put Money Down When You Buy A Vehicle?

There are benefits to putting a large down payment when financing it include: Lowers the overall amount financed saving on interest and finance charges. Decreases the loan to value which greatly increases your chances of being approved. Shows your commitment to the loan which suggests you’re less likely to default on the car loan. Lowers your overall monthly payment. You can finance for a shorter term and pay it off quicker. Less likely to be in a negative equity or upside down situation.

Monday, May 3, 2021

Do You Have To Put Money Down To Buy A Car?

Do you have to put money down on a car? The quick answer is “No, you don’t have to put cash down when buying a new or used car!” If you have an excellent credit score, long credit history, and are able to budget for the full amount of the monthly car payments, you will not be required to put any money down when buying a vehicle. If you have some bumps in your credit history or bad credit, the lender may or may not require a minimum of 10% down or more of the purchase price of the vehicle at the time of buying the car. Keep in mind, not putting money down when purchasing a vehicle will actually make you pay more for the car in the long run. When financing a vehicle through a bank or lender, any money borrowed will be subject to interest charges. If you don’t at least put enough cash down to cover your tax, title, license and fees. You will be paying unnecessary interest on it as well. The golden rule is, The less money you borrow, the less interest you will pay, the more money you will save. Car-Lotta Remids You – Always try to pay an extra $10, $25, $50, or more on the principal amount when making your monthly car payment. This extra money will add up over time and help decrease interest charges over the length of your car loan.

Monday, April 26, 2021

Are You Ready To Hit The Road?

COVID-19 has changed the way we approach everything, car repair isn't any different. As the summer heats up so is the desire to travel. Especially since most of us have been under some sort of lockdown or quarantine for the last several months. With a case of cabin fever, we are ready to hit the road – It's estimated that Americans will take nearly 700 car trips this summer – likely in vehicles that have been sitting idle for a while. It’s always important to have your car fully inspected before embarking on a long road trip but even more so now if you’ve been driving less. Like erything else since COVID-19 has arrived, a trip to your local repair facility may be different than before.

Monday, April 19, 2021

Do You Hand Wash Your Vehicle?

Nothing makes your vehicle look better than a good wash. It’s important for good maintenance and to help you enjoy your ride. The best car wash can happen in your driveway with a hose, some soap, cleaning mitts and a few buckets of water. Pick a good location. You don’t want to clean the car in direct sunlight or direct heat as the soap will dry onto the car before you can rinse it off. Car-Lotta advised you to aim to wash the car in the early morning or late evening and don’t wash it near a dusty road or under a tree where buds, bugs and leaves can fall and stick to the car. Make sure your hose has a nozzle with enough pressure to spray the car and one that allows you to stop the water flow when you want. This way you’re not running water throughout the entire process.

Monday, April 12, 2021

Is Your Vehicle Read For Spring?

Winter's tale is almost ended (we hope) — and so it's time to take stock of the damage done to your auto after months of snow, ice, sleet, road salt, cold, and all the many travesties of the season departed. Modern vehicles are engineered to take some serious abuse, so unless yours remained buried under a snowbank, you shouldn't have to do too much. But you will have to do a few things. Here are a few that are worth it: WASH your car! CHANGE your wiper blades! CHECK your wiper fluid level. CHECK your oil. CLEAN your floor mats. CHECK your tire pressure — (don't forget the spare) and check the condition of your tires and brakes. SWAP out emergency gear. REPAIR scratches. CONSULT your maintenance schedule.

Monday, April 5, 2021

Thinking Of Trading Your Vehicle?

Before you head to a car dealership you should research the value of your current vehicle using a tool like Kelley Blue Book. Knowing your trade-in value will let you know if the dealer’s offer is fair. Make sure you shop around. You should get at least three estimates from competing dealers. This can help ensure you get top dollar for your old car. You can trade in a vehicle if you owe money, but it’s important to know that debt still comes out of your pocket. This means you’ll ultimately get less cash from your trade. Owe more than your car’s worth? Expect that negative equity to get rolled into your next loan. A deep clean and a record of repairs can make your car more marketable, and possibly fetch you a higher trade-in price. So keep that extra paperwork for some added bargaining power. You’ll need to negotiate. Just because a dealer makes a trade-in offer doesn’t mean you have to accept it. Following the above tips, like getting multiple offers and knowing your car’s trade-in value, can be powerful negotiating tools. Car-Lotta reminds you that following these tips can help increase the value of your trade-in, getting you into a new vehicle for less cash. Once you get the keys to your dream vehicle, you’ll need to make sure it’s protected.

Monday, March 29, 2021

Do You Feel At Home In Your Automobile??

From your driver seat settings to the position of the steering wheel and your favorite station on the radio, your car is your safe haven on the road. Being stranded is nowhere you’d want to be. A well-stocked emergency roadside kit could help you get back on the road quickly and safely. Car-Lotta reminds you of the basics you may want to keep with you in you four wheel friend. Consider including: Cell phone and car charger, with a list of emergency numbers Fire extinguisher Two roadside flares Quart of oil Small first aid kit Flashlight Multipurpose tool or pocket knife Tire pressure gauge Tire inflator Duct tape Rags Your car’s manual Pen and paper