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Now a days due to the growth of the Internet industry, it is easier to compare cars before deciding about buying one.

Earlier people used to depend on the recommendations of their friends and relatives for deciding about buying a car. The media industry was also not very developed earlier. The only television channel at that time Doordarshan did not broadcast any program on the auto industry. Newspapers also did not cover information or news about new automobile launches. There was no magazine about the auto industry then. There was no other source of information about new cars. Before 1990 even the auto industry was not well developed and there were few options in the market. This had resulted in no competition in the market. It was bad for automobile buyers as they did not have many choices for buying cars.

After the economic liberalization policy of the early 1990s the auto industry started to grow fast. Various auto companies came to India to launch their products. Now there was much competition in the market. Many new four wheelers were getting launched regularly. All major four wheeler players like Ford, Honda, Hyundai, Toyota, General Motors etc are present in the market now. Indian car buyers also have many options if they want to buy new cars. All major car models are available in the Indian car market. Recently the iconic car Volkswagen Beetle was also launched. Continue reading ‘How to Compare Cars’ »

Buying a used car can be very threatening. There are many ins and outs of the process and sometimes the navigation of the ins and outs can be tricky. Though, you can learn how to buy a used car in a few simple steps. It is not actually as difficult as it appeared at first, and you’ll be surprised how easily you will be able to find a car of high quality to meet your needs.

Plan Ahead

When you understand how to buy a used car, the first thing that you must do is to sit down and do some serious planning. This is a major purchase you make, and with this type of investment you do not want to rush through. Instead, you want to think about what type of car that you want.

Take a look at various models that are available on the market. To have a clear idea of what you are in from, you need to look at the advantages and disadvantages of each model. In addition, you will need to spend some time to think about your budget. Decide what you will be able to afford, but do not stop there. Continue reading ‘A Few Simple Steps on How to Buy a Used Car’ »

Lease – sometimes been referred to as a “long term rental”, it is usually the cheaper way to go in terms of a lower monthly payment, better cash flow, and it is especially beneficial to business owners because of the tax benefits. Lease in general is slightly more expensive compare to financing, only if you decide to purchase the vehicle out right. Typically lease payments are before taxes, that include monthly payment, residual payment, or down payment. Let’s take a brand new Honda Civic for example; a lease on a new Civic with 0 down payments is typically about $300 per month before taxes. With the residual buy back value set at 50% of the M.S.R.P (Manufacture’s Suggested Retail Price) a 20,000 Civic will usually carry a residual value of 10,000 after 48 month.

Leases are also know the payment of the depreciation which means the monthly payment usually matches the depreciation on the asset. Let’s look at a real example; this calculation is taken on December 24, 2009 from www.Honda.ca.

Continue reading ‘Lease versus finance a new vehicle’ »

Would you like to buy an extended warranty for a car without having to pay an arm and a leg? Would you like to get great coverage with no deductibles for pennies on the dollar in comparison to what you would pay for the same coverage through a car dealership? You can save so much money by using a comparison website that will allow you to compare what different warranty companies charge along with the benefits that they offer.

Many people end up spending way too much for an extended warranty for used-car because they simply don’t shop around, or they don’t know that they can shop around. Extended warranty companies will sell a service contract to a customer that already owns a car. Many people don’t know this. Most people think that the only time they can buy an extended warranty is while they are sitting in the finance manager’s office at the dealership. This is simply not the case. If you’d can buy an extended warranty on a used car at a dealership that has 75,000 miles on it, you can certainly buy an extended warranty for a car that you already own. Continue reading ‘Buy an Extended Warranty For a Used Car’ »