Liam Lee18143

Monday, March 31, 2008

How to Find a Cheap Used Car for Sale

Its just a fact of life for many people; they need to replace their car and are on a tight budget. In thats the case for you, youll need to find a cheap, used car for sale. In addition, you probably want a car thats safe, reliable, and comfortable. That can be a tall order; finding a cheap, used car that also fits the above criteria, but it can be done, you just have to where to look, and how to shop.

The first thing you need to do is establish your budget. Theres no point in starting your search until you know how much money you have to spend. Dont forget to account for things such as taxes and license fees. You should also get the oil changed immediately after you buy a used car, unless you are sure the previous owner just had it done. Thats just a bit of cheap insurance for your new ride.

Once youve taken the first step, you can start your car search. There are some things to avoid, however. You should be aware that not every cheap car you find is a good deal. Some have atrocious reliability records, or even worse, are previously wrecked vehicles, cheaply repaired and sold as good cars. Youll want to check the reliability record for the particular model of vehicle youre considering. If it has a history of trouble, steer clear, you dont want to save big money on a car, only to have your savings eaten up in maintenance costs.

To find out whether the vehicle has a checkered past, you should get a vehicle history report. That will show you whether its ever been declared a total loss, either through natural disaster or an accident. You can never be 100% sure, but a history report will go a long way to give you confidence you are buying the right car.

So, now that you have an idea of some of the homework youll need to do before you actually buy a cheap (or any) car, where can you find one? After all, a trip to your local car dealer row will likely not get you the kind of bargain youre looking for. Ditto the local newspapers classified ads section. If youve checked your local paper lately, you can see the damage the Internet has done to their classified ad section. Its shrunk to the point where many big city newspapers have only 2 or 3 pages of used car classifieds. Only a few years ago it wasnt uncommon to have whole page of just one major car brand.

So, if you cant find a good deal on a used car in your paper, where can you look? Some areas have free classified ad circulars. Its possible to find really great deals in those, but they are few and far between. If you have some spare time on your hands, it doesnt hurt to look, but youll need a bit of good luck to be successful that way. You can check the major Internet sites, but again, although you can find great deals there on occasion, thats the exception, rather than the norm.

If youre on the Internet anyway, what about the auction sites, such as eBay motors? Now youre getting warmer. Your chances are much better of finding a cheap used car here. You need to look for no reserve auctions. In a no reserve auction, the seller doesnt have a minimum amount theyll accept for their car. Its truly a high bid gets the vehicle situation. Thats typically where youll find your best deal on Internet auction sites. The problem with them, however, is that they have millions of other people all looking for great used car deals there too. In cases where there is so much competition looking at and bidding for the car, its tough to get a great deal because it drives the price up. You may still get an attractive buy, but it probably wont be a truly spectacular deal.

What about some more creative ways to find a great, cheap used car? Thats what youll have to do, unless your Uncle Harold wants to sell you that 57 Vette hes got stashed behind the barn. One way is to look for homes in pre-foreclosure. The owners of these homes need money, and they need it fast, in order to save their home. They may have already had their car repossessed, but if they own their car out right, or have mostly maintained their car payments, you can find some really great buys this way. You just must contact them and make an offer. As the tide of foreclosure properties rises, there are sure to be more of these opportunities out there.

Another way is to go to some of the lesser known auctions. Here youll find vehicles from various sources that you can get for low prices; sometimes extremely low prices. Remember no reserve auctions? Well, these are all no reserve auctions. You may have heard stories of people finding a Mercedes for $500 at these auctions. Well, that may happen, but its the very rare exception. Dont expect to part with $500 and be driving home in a 3 year old SL-500.

What you can find is a fantastic deal on more mundane vehicles such as family sedans and SUVs. Many of these vehicles come from government or utility company fleets. Theyre rigorously maintained and usually driven by mature individuals not likely to hot rod them about. Many of these vehicles have less than 80,000 miles, and its common to find them with under 50,000. The best part is you can get them for really low prices if youre not picky about colors and option packages. These special auctions are held at hundreds of locations throughout the country every year. The chances of you finding the car you need, within your budget, are quite good.

To discover the secrets you'll need to find these great car deals and drive the deal of the century instead of reading about it, you'll need to see the how to buy a cheap used car guide.



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Mortgage Refinancing Online

If you are in the process of refinancing your mortgage on the Internet, there are several things you need to know about online mortgage companies before applying. The Internet is an excellent tool that can save you money; however, hidden fees and markup of your mortgage interest rate could result in paying too much when refinancing. Here are several tips to help you avoid these expensive pitfalls when refinancing your mortgage online.

There are two basic types of mortgage companies you will encounter online. The first is the website of a bank, mortgage company, or the retail branch of a wholesale lender. These companies use their online presence to originate mortgage loans. The second type is whats known as a lead generation site and has nothing to do with mortgage loans whatsoever.

Mortgage leads are big business. Several of the big names in Internet mortgages that you see advertising on television engage in lead generation and actually have nothing to do with mortgage loans. How do these companies stay in business and afford their expensive advertising budgets? The do this not only by selling the personal information of their visitors, but in some cases lining their pockets at your expense.

Computerized Loan Origination Fees

Selling leads to prospective mortgage lenders is one thing; however, one well known mortgage site that youve seen advertising on television takes the fees they charge too far with a computerized loan origination fee. Sites that charge these fees are required to disclose the fee and can be found on their Licenses & Disclosure statements.

In the case of the Lending site you see advertised on television, checking the Licenses & Disclosure statement reveals a $1,300 computerized origination fee that will appear on your Good Faith Estimate for their part in arranging your loan. Should you have to pay a lead generation $1,300 just for filling out a form with your contact information?

Dont get me wrong, the Internet is an excellent tool for researching mortgage offers and can save you thousands of dollars when used correctly. You can learn more about refinancing your mortgage online while avoiding costly pitfalls like Yield Spread Premium with a free mortgage toolkit.

To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.

Get your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

Mortgage Refinancing Company



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