Tag Archives: Bayside Chrysler Jeep Dodge

5 Tips for New Car Buyers

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Read enough auto finance blogs and you’ll find that the majority concentrates on how to obtain that auto loan.  It’s tips and tricks on how to make yourself look the best when walking into the dealership so that you’ll drive away with the best possible loan.  What you won’t find in abundance is ideas of how to deal with the vehicle once you have the loan and the car itself.  That’s why it was refreshing when the Money section of US News ran an article showing the top five bad habits that drivers do that costs their new car value, something that’s important to have further down the road when it is time to trade in and trade up for another car.  So here they are, the five things you want to avoid with your new car so you’ll get the best possible value.

1) Riding Dirty

This translates to simply being clean.  While I am certainly not the beacon of cleanliness when it comes to a car, there’s an advantage for making time to make your car looking pretty.  The biggest reason is not just to look nice, but because that dirt that accumulates on the outside can lead to serious problems later on, especially when it starts to clog into your engine.  The writer got advice from a mechanic and made sure to mention not to open the hood and spray the engine with a hose, but to use a wet rag to wipe dirt from the hoses.  Bringing in a clean car, especially one with a well maintained engine, will lead to great offers come trade-in time,

2) Driving Hard

This is the hardest thing not to do after seeing a Fast & Furious movie.  We all dream of being a race car driver or being involved in some high-speed chase, but that’s best left to the fantasy and not in the car.  A new car needs some loving car for the first time out and having a lead foot can be an issue.  Being nice for the first thousand miles can be a real benefit later on.

3) Customization

This one should come with a disclaimer.  Not all mods are created equal and thus not all are harmful to your vehicle.  If anything, it should be a call for such things to be handled by professionals and not the kid down the street who found a spoiler online for twenty bucks.  Be mind-full of what you’re attaching to a new car and make sure it works with the warranty.

4) Not Keeping Records

This is another one I will have a hard time not sounding like a hypocrite on.  Keep track of what service you have done on the vehicle.  Should you ever want to sell to a private party, having such records will be a massive benefit for figuring out value and for the person buying.

5) Seeking Service from a Stranger

This goes back to the customization bit.  Again, make sure you know that the person working on your car, be it to fix something with the engine or putting on an extra mod, knows what they are doing.  Leaving it to the professionals is always a good thing to be safe about, especially when it’s on something as important and expensive as a new car.

There you have it, some great advice for people who managed to land themselves a spiffy new car and want to treat it right.  Most of this is common sense, but it’s always nice to be reminded of the responsibility that will ensure that your vehicle will be worth the best amount when it’s time for trading in.

“Image courtesy of stockimages/ FreeDigitalPhotos.net”.

Auto Loan Delinquency Rates Fall in Second Quarter

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ID-100144151There’s good news in the auto loans world courtesy of a new research from Experian. Turns out that car buyers in the US are doing a good job of paying back their loans.

The data collected by Experian Automotive is promising as it shows that in the second quarter of this year there were fewer vehicles repossessed for non-payment of an auto loan. Not only that, but it’s the fewest amount of vehicles since the company started keeping track in 2006.

Experian wasn’t planning on seeing such a decrease of this size. Melinda Zabritski, Experians senior director of Automotive credit put out a statement saying, “Repossession and delinquency rates seen this quarter were lower than expected. The seasonality of the market usually has the first quarter showing the lowest 30-day delinquency rates, but even with the total automotive loan portfolio growing, consumers in the second quarter have done an exceptional job of meeting their financial obligations to keep the market strong.”

The auto loan market has been booming of late thanks in part to a recovering economy and sales for Chrysler running on a consistent high. We here at Bayside Chrysler Jeep Dodge love to put everyone who walks in through our doors into the vehicle, new or used, that best suits their lifestyle. Stop on by and speak to a customer service representative and see what we can do to help you. We love to say yes!

Auto Buying Tips for First Time Buyers

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ID-10034421There’s a lot of life skills that are not taught to people. It tends to involve first time buyers of any major investment. There’s no high school class to understand what to look for in buying a new TV, in apartment hunting, and there’s not really much out there to help a first time car buyer outside of a family member who went through the same thing. It certainly doesn’t help when SB Wire puts out an article aimed to help those same individuals that commits an ungodly amount of grammar errors. Yet, beneath the atrocious way it’s written, there are good take aways from the article.

A typical scenario for a new car buyer would be a student who needs a set of wheels to transport him to college. It can be difficult for this person to get a loan, but they need to bear in mind that they are better off at the moment than someone who has poor credit.

There are steps to take to make sure you have the best chance at the dealership. One is preparation. Take the time to access your finances and see what your limit is on being able to spend monthly on a loan. Make sure to take into account other monetary factors involving the vehicle. You’ll have to pay for gas, any maintenance, the insurance, etc. Don’t put yourself into a situation where the car you bought is making it so you fall behind in other bills.

Next, think about putting a larger sum of money down. This will help you get the auto loan and also get a lower APR rate on the loan. Dealerships like to see this because it’s a form of reassurance that the y are good for the loan.

It’s never fun being new to something that requires this much homework and consideration. That doesn’t mean there aren’t options available to help or information to help deal with the frustration.