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Tuesday, February 7th, 2012

Buying Your European Car

Posted in Buying Car Guide by editor

Sometimes, just as luck would have it, the vehicle and the dream machine that you are looking for is entirely perfect. Except for one thing: you can only buy it in Europe. Of course, to do that, you still would have to import it back to the United States. And doing such an act could be quite complicated.

Now, before important a European vehicle, try to ask first the Department of Motor Vehicles about any specific requirements. These requirements could include emissions, temporary plates, and special documentation from customs. Also, it would help if you made sure that the sales contract you have verifies that the car has been built so as to match vehicle standards in the US. This manufacturer’s certification label could be actually found attached to the vehicle near the driver’s door.

Traveling your car to the US would require you to first clean it with any kind of foreign soil. The reason for this is that the U.S. Department of Agriculture would like to keep any harmful pests away from US soil.

Upon arriving at customs, show them the shipper’s original bill of lading, your bill of sale, foreign registration, and other needed documents. You also would have to complete the EPA Form 3520-1 and the DOT Form HS-7.

In a nutshell, if you are buying or thinking of importing a European vehicle, you should keep in mind that the vehicle must comply with the requirements of the United States Department of Transportation (DOT) and Environmental Protection Agency (EPA). If they do not comply, they must be modified. You should also see if the vehicle complies with the vehicle standards in the United States. It should also have a thorough cleaning. You should also have a title and bill of sale. These pieces of information are actually proof that you do own the vehicle. Make sure that you do have a foreign registration as well as other vehicle documents. Do not forget to fill out the EPA and the DOT forms.


Buying a New Car It s Time We Are as Vigilant as Ever

Posted in Buying Car Guide by editor

It seems as though everyone is out to get our money. Costs are skyrocketing and more and more products and services are out vying for our attention. Media is focusing its attention on “rear attacks” by directing its advertising on our children, our needs, our fears and emotions. Okay, well, that part’s not new, but it’s certainly more effective.

Brand recognition is critical for highly competitive retail items and customer service and reputation is the variable that either makes or breaks the deal.

So, why hasn’t any of this competition changed the way we buy cars?

Remember back in the 70’s? The good old days when buying a new car meant strolling down to the nearest cheesy car lot, getting battered by a slick, fast-talkin’ dude all decked out in his disco best.

How is it that, even though the attire and cheese-factor have changed, the slick, fast-talkin’ dudes still exist? And seem to be doing better than ever.

Today’s car dealerships boast increased customer support and service; touting special employees that are there to serve only you. They preach their employees are very customer-focused and are there to serve your every need.

But are they?

As consumers, we really have developed a false sense of security when it comes to car dealers and buying our cars. Surely things can’t be the way they were just a few decades ago. Companies that don’t adhere to the growing customer-is-always-right mantra are certainly companies that don’t last long….right?

Well, I’m here to say that the wolf has certainly stepped out of the disco-70’s garb….and is now wearing a clean white dress shirt, slacks and tie. Folks, the wolf is alive and well and is waiting for you to come fall victim to his fake loyalty to you.

How did they slip through the cracks? How did they manage to maintain their huge profitability through all of society’s demands for increased customer service? How is it that we still have to endure the experiences we do when we go to buy a car?

I’m here to say, the auto dealers have adapted quite well. No longer are they wolves…now they are lions.

Our generation of car buyer has been given a false sense of security due to the internet. We think that simply by knowing what the internet says the dealer invoice is that we have some sense of power over them. Well, actually, all we know is what they supposedly paid for the vehicle. That doesn’t mean they are going to gnash their teeth and say, “Oh darn it, Frank and Betty Smith found out our hidden secret invoice amount…now we HAVE to sell it to them for that!”

Not at all, my friend.

Sure, the dealer is motivated to sell cars. If they don’t sell you a car, they don’t make any profit. But, if they don’t make and profit, they don’t sell you a car.

The myths surrounding the dealers still exist; the secrecy is what has kept them so profitable through the turn of the millennium.

Who monitors the car deals to make sure it was all handled fairly and you paid a fair profit for the car? Who watches out to make sure those people with bad credit are really put back on the right track to rebuilding their life with their auto loan?

It’s like putting the witch in charge of Hansel and Gretel’s health regimen; the “what’s in it for her” is much greater than the “what’s in it for them.”

The only people watching out for you when you are car buying is YOU. It is up to you to be vigilant and protect yourself, your credit, and your money. You can count on the lions stalking you when you call or go in to the lot. You can count on them wanting to still make more money off of you than you make in a month or two at your job. Count on it. And if you aren’t careful, it’ll come true.

It’s going to take more than the internet to protect you from these predators. You will need to look at buying a car in a whole new light. A new breed of car buyers needs to emerge to keep these dealers in check and not let them bully and trick us into handing over all of our hard earned cash and credit rating.


Buying a New Car

Posted in Buying Car Guide by editor

Buying a new car is one of the largest purchases most people make in their lives. Therefore, it is worth taking care and making sure the deal you get is the best possible.

Financing

If you need to obtain credit to fund the purchase of the car, you should be aware that the financing offered by the dealer is often not the best deal you can get. If you shop around for loans you may get financing at a much better rate. You should compare the annal percentage rate (APR) as well as the length of the loan and the amount of monthly repayments. Always look at the total amount repayable and compare this to the price of the car to see the cost of the finance.

Sometimes, dealers will offer you a very good financing rate on specific models that qualify. It may not be possible to negotiate on the price of these models and you should check to see if this is cheaper than buying another model that can be negotiated.

Make sure you have a copy of the contract and before you leave the lot, evaluate whether the repayment terms in it are affordable. If the dealer asks you to buy credit insurance, you should add this into the price and see if the car is still attractive. You should also check your existing insurance policies as you may be covered already under another policy.

If you are considering a trade in, bring it up only after you have already negotiated the best possible price for the car you want. You should also research the value of your old car so that you know what it is worth. This information will help you see what the dealer is effectively offering you for your old car and if it is a fair price.

If you are considering a service contract you should be clear on what it offers. They have many exemptions and you will already have some cover from the manufacturer’s warranty which is included in the cost of the car. You should certainly ask the following questions:

  • What does it offer over and above the warranty?
  • What repairs are covered?
  • Is routine maintenance recovered?
  • Will they pay for parts, labor or both?
  • Who performs the work?
  • How long does the contract last and what are the cancellation and refund policies?