Car Buying Tips – Finance and Insurance

Anyone thinking of buying a new or used car has a huge range of options to choose from in terms of manufacturer, type of car, gas, diesel or electric etc. Whatever the individual chooses to buy in the end, it is important from the outset to understand the various additional costs that can be incurred by either choosing the wrong type of finance or not appreciating what insurance costs could be involved.

Most people buying a new car will need to arrange some type of finance to fund it. There are some people who will literally be cash buyers but they are few and far between. The majority of people will look to some type of finance or credit arrangement either with the manufacturer or with another lending institutions such as a bank or credit union.

If looking to buy a new car, then it is also well worth considering the option of leasing a vehicle rather than buying it outright. Leasing a vehicle is similar in many ways to a long-term rental, but with a few and advantages and disadvantages. The advantages tend to be that someone can effectively get hold of a brand-new car that they would not be able boys to afford to buy. The disadvantages often tend to centre around the lease end arrangements, where significant additional costs can be involved to cover extra mileage, additional wear and tear and any damage or deterioration of the condition of the vehicle.

When an individual looks to finance a new or used vehicle the manufacturer or their dealership will require a credit application to be filled in. The manufacturer will then use a credit rating agency to obtain a credit score for the individual. This credit score will then be used as a guide by the manufacturer or dealership to assess the creditworthiness of the individual. Based on this assessment, the dealership or manufacturer will then decide whether to offer the individual a loan, and if so how much, how much of a down payment, what rate of interest to charge and over what period of time. This process is pretty much the same whether the individual is looking to buy or lease a vehicle.

When someone is looking to finance a new car it is always a good idea to get as many different quotes as possible from different lending institutions, and compare them on a like-for-like basis. Some people look to refinance their loans at a later stage of the loan period, but this can be a tricky process often only up costing a lot more money.

The costs regarding insurance should also be taken into account. People should be aware of what the legal requirements are for they live in terms of liability insurance, but they may be unaware that the manufacturer will want them to take out comprehensive and collision insurance as well.

Another insurance cost that will need to be factored in is that of GAP insurance. GAP insurance effectively covers the difference in depreciation between the value of the vehicle when purchased, i.e. the full amount of the loan, and its subsequent value at any point during the period of the loan. If the car is written off or badly damaged in an accident, then the insurance company will pay less than the purchase price of the vehicle, due to depreciation. GAP insurance is designed to cover this difference.

Best Tips For Buying A Crotch Rocket

If you’ve been thinking about buying a crotch rocket, which is also called a sport bike, sportbike or super bike, there are a few good tips you should know.

Buy an older used crotch rocket if this is your first sport bike because a new rocket will be expensive to repair. A used sportbike will likely be able to take a few bumps and dings from minor crashes and won’t cause you a lot of financial stress and especially if you have to replace it.

You want your motorcycle to be economical, handle well and feel comfortable. Make sure to try out a few sport bikes to make sure you’re going to like or be able to handle the awkward position. Go to your local dealer and get a good feel for different models. There are several types and not all have the same upright position. Some are more upright than others.

Some people believe that a more powerful sport bike is safer because it gets you out of situations faster than a less powerful bike. They also cost more.

Try to get a year or two in on a less powerful motor bike before you purchase a motorcycle with more power.

Always wear body protection. Never ride without your motorcycle gear. When you’re shopping for the bike make sure to shop for the gear you’ll need too. Don’t even think of riding without it or that will be the time you take a fall.

Check out the bikes that put you in a more upright position to see if you like that better if you haven’t already.

Why not plan to spend a lot less money on a bike if this is your first and save your money for a bike that fits your needs after you’ve been riding one for awhile.

Make sure to get insurance quotes on the sportbike and understand what is repairable. You should do this before you buy a crotch rocket to understand what damage will be covered and which will not be covered. Make sure to find out how much the insurance deductible is.

Make sure not to buy the first motorcycle you try out. Plan on trying out at least ten for position, comfort, and ease of maneuverability, handling and cost before you buy.

Ask one to a dozen sportbike riders you know or meet and you’ll find they’ll always have some great tips based on their experience. They’ll be glad to share more good tips for buying a crotch rocket.

3 Tips to Help Choose the Right Driving Instructor

Choosing the right driving instructor is a crucial step for both parents and learners. A qualified driver is able to teach the focused lessons to make sure the young driver is in a much better position to follow the best driving habits. On average, a young driver will need about 20 hours of private practice and a further 40 hours of professional instruction. Even though it can be tempting to choose a driving instructor based on the cost per lesson, there are several other things that need to be considered to become a confident driver.

Let’s take a look at a few of the most important things to consider:

Use a fully qualified driver

The most productive lessons will come from using a fully qualified instructor. You should ask a potential instructor whether they are a trainee or fully qualified. They should display an appropriate badge in the car window to display their qualification. A fully qualified instructor will have a green badge, while the trainee will have a pink one. Also, the instructors are graded. The best instructors have a grade of A or B, which can be checked by seeing their certificate. Additionally, it is worth asking about the pass rate of the potential instructor to get a further indication of their ability to teach the learner driver.

Get personal referrals

The most effective way to find a reputable instructor is to get a personal referral from a friend, family member or colleague who has recently passed their test. Any instructor that is able to explain things clearly, turn up on time and put the driver at ease will be easy to recommend.

Are the prices competitive?

The costs quoted by the different driving schools are certain to range in price, so it is worth shopping around. It isn’t likely to benefit to simply go with the instructor that quotes the cheapest price per lesson, especially if you end up needing to book more lessons. While the price is a key factor, it is just as important to consider the qualifications. Also, it may benefit to use the independent instructor because they will not need to up their rates to cover the franchise fees for their brand name. The length of a lesson can range from 45 to 60 minutes, so it is worth checking before booking a lesson. Additionally, it isn’t worth making a block booking until two or three lessons have been completed with a particular instructor to make sure they are the right fit for your personality.