car info via vin number image
Alex
i was thinking about buying a 2010 vw gti coupe or sedan. manual or automatic. is insurance on this high for a younger guy? it has a turbo on it. but it only adds i think 25hp coming out to about 200. would a sedan and automatic be cheaper insurance than a coupe/manual?
Answer
Well the fact that the vehicle is fairly new automatically makes the insurance fees go up bec obviously you'd want to have full coverage such as fire/theft/liability on it.Then add the fact that you're a younger driver and that raises insurance costs , plus the fact that the vehicle has turbo.Now in most cases a 4 door vehicle can be cheaper to insure all bec its considered more a family vehicle etc.
What region you live in affects the insure costs such as if you lived in a major city the cost would be higher.What purpose you intend on using the vehicle for also affects the cost for example if you only needed it to go basically back and forth to work or school and it was within 30miles. For example it maybe in fact cheaper for you if the vehicle was just listed as a casual vehicle that you intend on driving 10,000 or under miles per yr.Note every insurance company has different factors that they may or may not take into consideration when quoting their customers.
Things such as the type of drivers license, how long the driver has held the license for and the driving records greatly affect the costs involved in insuring any driver also how many drivers the vehicle will have listed and what ages these drivers are especially the lead driver.Other things that can affect costs is what type hidden fees or surges the insured party has to pay if the vehicle is written off etc.Also resale or replacement book values/prices greatly affect what you will have to pay in over all for insurance.
Hope that helps and best of luck.By the way you're doing the right thing if you ask me anybody interested in purchasing and driving a vehicle should always find out exactly what the over all insure costs will be before they ever spend any money on purchasing the vehicle.Besides that it's good to find out the vehicles Vin numbers then look online or via dealership to find out what recalls or factory service bulletins or flash/program updates exist.Also it's a good time to check out what car fax info there be and have a reliable shop perform a full over vehicle and certification check.
Note I highly recommend that you call up or check online etc with not only different insurance companies but try the Brokers bec they have many companies they can give you rates for.Time also affects your insure rates for example if you've not held valid insurance within the last 2-3 yrs.Again it's really all up to the different insurance companies for example some even offer a 10-15% discount if the driver has a drivers education certificate.A younger person may benefit from having their vehicle and themselves under someone else such as a father/mother etc but remember that means you'd really not be adding to the number of years you've had and held insurance for.
Well the fact that the vehicle is fairly new automatically makes the insurance fees go up bec obviously you'd want to have full coverage such as fire/theft/liability on it.Then add the fact that you're a younger driver and that raises insurance costs , plus the fact that the vehicle has turbo.Now in most cases a 4 door vehicle can be cheaper to insure all bec its considered more a family vehicle etc.
What region you live in affects the insure costs such as if you lived in a major city the cost would be higher.What purpose you intend on using the vehicle for also affects the cost for example if you only needed it to go basically back and forth to work or school and it was within 30miles. For example it maybe in fact cheaper for you if the vehicle was just listed as a casual vehicle that you intend on driving 10,000 or under miles per yr.Note every insurance company has different factors that they may or may not take into consideration when quoting their customers.
Things such as the type of drivers license, how long the driver has held the license for and the driving records greatly affect the costs involved in insuring any driver also how many drivers the vehicle will have listed and what ages these drivers are especially the lead driver.Other things that can affect costs is what type hidden fees or surges the insured party has to pay if the vehicle is written off etc.Also resale or replacement book values/prices greatly affect what you will have to pay in over all for insurance.
Hope that helps and best of luck.By the way you're doing the right thing if you ask me anybody interested in purchasing and driving a vehicle should always find out exactly what the over all insure costs will be before they ever spend any money on purchasing the vehicle.Besides that it's good to find out the vehicles Vin numbers then look online or via dealership to find out what recalls or factory service bulletins or flash/program updates exist.Also it's a good time to check out what car fax info there be and have a reliable shop perform a full over vehicle and certification check.
Note I highly recommend that you call up or check online etc with not only different insurance companies but try the Brokers bec they have many companies they can give you rates for.Time also affects your insure rates for example if you've not held valid insurance within the last 2-3 yrs.Again it's really all up to the different insurance companies for example some even offer a 10-15% discount if the driver has a drivers education certificate.A younger person may benefit from having their vehicle and themselves under someone else such as a father/mother etc but remember that means you'd really not be adding to the number of years you've had and held insurance for.
New car!?!?!?
Crazy chic
ok I'm getting a new car but I don't kow if I should get a 2001 Impala with 126,000 miles on it and it needs few tires but it's only 5,000! or a 2002 with low miles new tires and it cost 8,000... I really think I should get the cheaper one cause people tell me it's a really good deal! what do you think???
Answer
Money talks. And when it comes to buying a used car, not only does it talk, but having your finances in order can help you talk so well, you can smoothly close a deal that serves your best interests. There are basic rules to follow when buying a used car, such as an inspection by a mechanic, comparison-shopping, and tracking down the car's maintenance record. Additionally, an important and often overlooked rule is to have your financing ducks in a row before you kick a single tire. Failing to do so might make you want to kick yourself.
Four invaluable ideas
1.Clean your credit. Before you shop for a car loan, examine your credit report. Any of the three credit bureaus (TransUnion, Equifax, Experian) can provide you with a report for a minimal cost. Make sure that there are no mistakes- a clean record will get you a stellar rate.
2.Start loan shopping early. Shop around for the best auto loan you can find. Look into local banks and credit unions, which tend to have the best rates. They may also cut you a nice deal, especially if you have an account with them. Don't be shy about investigating cyber space. Many lenders will bid via the Internet for your business.
3.Use pre-approval as leverage. Tell the seller that you've got a car loan in hand. You're a much more attractive customer if you have the power to close a deal with the stroke of a pen.
4.Remember where the dealer's bread is buttered. Many people tend to go with dealer financing if the salesman offers a lower sticker price, but buyer beware: A lower price tag means the dealer gets paid on the back end from the in-house financing deal.
The moral of this dollar-saving story is to get your financing established before you start comparing used cars. Not only will it add to your negotiating power, it will allow you to focus on what's under the hood instead of what's in your wallet.
If you are buying a used car, you absolutely must get an AutoCheck Vehicle History Report on the Vehicle Identification Number (VIN) AND have a mechanic inspect the car on a lift.
Used Car Pricing Does Not Use Invoice Price
We often get asked if "Invoice Price" and "MSRP" apply to used cars, or if you should try to calculate an offer for used cars based on invoice price. No, the Invoice Price and MSRP only apply to new cars, not used cars. For used cars, there is no invoice price because car dealers acquire used cars from people at a "trade in" price, then mark it up on the lot. The best way to determine used car prices is to check how your car has sold on eBay the last few weeks, and bring printouts with you to the dealer to support your offers on used cars.
Finding out what's wrong with that used car before you buy
Everyone buying a used car should get an Experian AutoCheck Vehicle History Report, they get data from a substantial number of dealers and aftermarket repair shops, nearly 5,000 sources. A mechanic can put the car on a lift and instantly spot previous crash damage, hidden frame damage, corrosion, and fluid leaks. But your mechanic can't tell you if your car title has been branded as a flooded vehicle, salvaged, junked, rebuilt, stolen, or passed through a salvage auction. Most mechanics overlook airbags. You can only tell how many owners that car had or where it's been with a history report, not just by looking at the car. This is not the time to 2nd guess. Unfortunately there are no clear laws if you sign an "As Is" paper. Any used car can have a bad past, Mercedes, Lexus, Honda or Toyota. Some municipalities don't supply accident report info, that's why you still need to have a mechanic look at it. If the police never made a report, it won't show up in the AutoCheck Vehicle History Report.
Save money financing your used car
You can save money when you buy a used car by using Capital One Auto Finance instead of paying a higher rate from the dealer. The process is simple, apply online, approval takes minutes and they mail you a check to take to the dealer. If you got railroaded into a high APR car loan from a dealer, you can refinance after 3 months with Capital One Auto Finance. Lower your current car payments with their Auto Refinancing Loans. A few of my friends have used them. They have a low APR, it's fast, easy and awesome.
How do I finance if a buy a used car from a private person?
A lot of people ask me how to finance a used car when you buy it from a private person. Use the Capital One Auto Finance person-to-person loan for used cars. Apply online, approval takes minutes, they mail you a Blank Check® so you can buy any used car from a private party without paperwork hassles.
Get An Extended Warranty for your used Car
Get an extended warranty for your used car. The best car warranty site we have researched so far who are known to pay claims is Warranty Direct. Read our chapter on Extended Warranty Scams & Tips, or you'll be out several hundred dollars. If you buy a 3 or 4 year old used car, that's when the manufacturer's warranty expires and all hell breaks loose. Unless you have an extended warranty, you are exposed to potentially large losses.
Don't fall into the gap!
If you owe more on your car than it is worth, if you lease, or if you put down less than 20%, you should get Gap Coverage from Gapinsurancequotes.com. Most people refer to it commonly as "gap insurance". Don't even bother buying it from dealers, they charge $500-$700 when you can get it online directly from Gapinsurancequotes.com for less than 1/2 the car dealers. If you owe $20,000 on your car, but it's only worth $16,000, you're upside down. You total the car, or it's stolen, your insurance company gives you $16,000. You must still come up with $4000 to pay off the bank, plus your $500 deductible! Gap coverage protects you against this. The better ones cover up to $500 of your deductible.
Money talks. And when it comes to buying a used car, not only does it talk, but having your finances in order can help you talk so well, you can smoothly close a deal that serves your best interests. There are basic rules to follow when buying a used car, such as an inspection by a mechanic, comparison-shopping, and tracking down the car's maintenance record. Additionally, an important and often overlooked rule is to have your financing ducks in a row before you kick a single tire. Failing to do so might make you want to kick yourself.
Four invaluable ideas
1.Clean your credit. Before you shop for a car loan, examine your credit report. Any of the three credit bureaus (TransUnion, Equifax, Experian) can provide you with a report for a minimal cost. Make sure that there are no mistakes- a clean record will get you a stellar rate.
2.Start loan shopping early. Shop around for the best auto loan you can find. Look into local banks and credit unions, which tend to have the best rates. They may also cut you a nice deal, especially if you have an account with them. Don't be shy about investigating cyber space. Many lenders will bid via the Internet for your business.
3.Use pre-approval as leverage. Tell the seller that you've got a car loan in hand. You're a much more attractive customer if you have the power to close a deal with the stroke of a pen.
4.Remember where the dealer's bread is buttered. Many people tend to go with dealer financing if the salesman offers a lower sticker price, but buyer beware: A lower price tag means the dealer gets paid on the back end from the in-house financing deal.
The moral of this dollar-saving story is to get your financing established before you start comparing used cars. Not only will it add to your negotiating power, it will allow you to focus on what's under the hood instead of what's in your wallet.
If you are buying a used car, you absolutely must get an AutoCheck Vehicle History Report on the Vehicle Identification Number (VIN) AND have a mechanic inspect the car on a lift.
Used Car Pricing Does Not Use Invoice Price
We often get asked if "Invoice Price" and "MSRP" apply to used cars, or if you should try to calculate an offer for used cars based on invoice price. No, the Invoice Price and MSRP only apply to new cars, not used cars. For used cars, there is no invoice price because car dealers acquire used cars from people at a "trade in" price, then mark it up on the lot. The best way to determine used car prices is to check how your car has sold on eBay the last few weeks, and bring printouts with you to the dealer to support your offers on used cars.
Finding out what's wrong with that used car before you buy
Everyone buying a used car should get an Experian AutoCheck Vehicle History Report, they get data from a substantial number of dealers and aftermarket repair shops, nearly 5,000 sources. A mechanic can put the car on a lift and instantly spot previous crash damage, hidden frame damage, corrosion, and fluid leaks. But your mechanic can't tell you if your car title has been branded as a flooded vehicle, salvaged, junked, rebuilt, stolen, or passed through a salvage auction. Most mechanics overlook airbags. You can only tell how many owners that car had or where it's been with a history report, not just by looking at the car. This is not the time to 2nd guess. Unfortunately there are no clear laws if you sign an "As Is" paper. Any used car can have a bad past, Mercedes, Lexus, Honda or Toyota. Some municipalities don't supply accident report info, that's why you still need to have a mechanic look at it. If the police never made a report, it won't show up in the AutoCheck Vehicle History Report.
Save money financing your used car
You can save money when you buy a used car by using Capital One Auto Finance instead of paying a higher rate from the dealer. The process is simple, apply online, approval takes minutes and they mail you a check to take to the dealer. If you got railroaded into a high APR car loan from a dealer, you can refinance after 3 months with Capital One Auto Finance. Lower your current car payments with their Auto Refinancing Loans. A few of my friends have used them. They have a low APR, it's fast, easy and awesome.
How do I finance if a buy a used car from a private person?
A lot of people ask me how to finance a used car when you buy it from a private person. Use the Capital One Auto Finance person-to-person loan for used cars. Apply online, approval takes minutes, they mail you a Blank Check® so you can buy any used car from a private party without paperwork hassles.
Get An Extended Warranty for your used Car
Get an extended warranty for your used car. The best car warranty site we have researched so far who are known to pay claims is Warranty Direct. Read our chapter on Extended Warranty Scams & Tips, or you'll be out several hundred dollars. If you buy a 3 or 4 year old used car, that's when the manufacturer's warranty expires and all hell breaks loose. Unless you have an extended warranty, you are exposed to potentially large losses.
Don't fall into the gap!
If you owe more on your car than it is worth, if you lease, or if you put down less than 20%, you should get Gap Coverage from Gapinsurancequotes.com. Most people refer to it commonly as "gap insurance". Don't even bother buying it from dealers, they charge $500-$700 when you can get it online directly from Gapinsurancequotes.com for less than 1/2 the car dealers. If you owe $20,000 on your car, but it's only worth $16,000, you're upside down. You total the car, or it's stolen, your insurance company gives you $16,000. You must still come up with $4000 to pay off the bank, plus your $500 deductible! Gap coverage protects you against this. The better ones cover up to $500 of your deductible.
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