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Drive Away with a Good Deal
by: ARA
(ARA) - With interest rates at all-time lows, consumers are taking advantage of the long-term savings on big ticket items like cars. If you’re one of the many people who are planning to buy or lease a new car, make sure your finances are in order so the purchase process is hassle free.

First, do an honest assessment of your current financial situation. Can you really afford to buy or lease a new car, or does it make more sense to get as many miles as possible out of your current car? Despite low interest rates, a new car isn’t a bargain if it means you’ll be turning to credit cards to pay other bills. You know the details of your expenses and budget better than anyone else. Doing your homework before you shop will enable you to set a payment you can live with.

Once you can say for certain that new car payments fit within your budget, you need to turn your attention to your credit rating.

Lenders will use a report from one, two, or all three of the credit reporting agencies to assess your creditworthiness, so your first step should be reviewing your credit report(s) for accuracy and for any information that may hurt your chances of getting a loan. The information on the credit report can also affect the interest rate the lender will give you. The easiest way to get a copy of your credit report is from an online service like www.creditmatters.com.

If you find inaccuracies on your credit report, you should take steps to correct that information before you apply for a car loan. Look for obvious mistakes on your report, such as credit card accounts that aren’t yours and closed accounts that have not been used for more than seven years, but are still showing as open. You can dispute items that you feel are inaccurate with the credit reporting agency by following the directions included with your credit report.

If you have a large number of credit cards, you may want to consider canceling some of your accounts. Lenders may look at these open credit accounts as potential debt. Likewise, every time you apply for credit, lenders will more than likely request a copy of your credit report. Multiple inquiries from lenders or creditors can lower your credit rating, so minimize the number of inquiries to your report until you get your auto loan.

If your credit history isn’t as good as you’d like, there are no quick fixes, but time, as they say, is on your side. Many lenders focus on the past two or three years of your credit history, so with a plan and some patience, you can boost your credit rating. Take control of your credit by paying bills on time. Cancel any credit cards you aren’t using or minimize excessive amounts of available credit, which could tempt you to buy things you can’t really afford. Gather all your bills and draw up a budget that allows you to pay them off one at a time, focusing on the account with the highest interest rate first.

Having a co-signer may make it easier to obtain a loan if your credit is not perfect. But before you ask a friend or family member to co-sign, be sure you both understand what that entails. A co-signer is guaranteeing this debt. If the borrower does not pay, the co-signer may have to pay up to the full amount of the debt, and if he or she can’t pay in full, their credit rating will be adversely affected. Additionally, late payments will go on both credit reports.

Even though you would never put your co-signer in this position on purpose, consider what would happen if you lost your job, for example. Are you willing to risk your relationship with your co-signer for a new car?

Buying a new car should be fun and exciting -- you get to pick the make, model, color, and options. Arming yourself with the facts ahead of time will help take the hassle out of car buying and put a smile on your face as you drive off the lot knowing you got a good deal.

For more information on taking control of your credit rating, visit www.creditmatters.com.

Courtesy of ARA Content






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Tips For Winter Driving
 by: David Maillie

Winter driving can be hazardous and stressful. Wind, snow, ice and blizzard conditions increase the normal dangers of driving. There is a lot you can do before the winter driving season and during a storm to protect yourself and your family.

Before winter arrives, have your car inspected to be sure it is ready for the road conditions. You can do this yourself or take it to a qualified mechanic. Check the battery, wipers and fluid, thermostat, brakes, ignition system, antifreeze, exhaust system, lights, oil level, heater and defrosters. Make sure everything is in good working order to keep you safe throughout the cold weather.

Check your tires to be sure they are road ready. Install tires that are appropriate for the driving conditions. In moderate amounts of snow, all weather radials will do the job nicely. If you live in a climate where you experience a lot of snow, consider snow tires. These have better tread to deal with snow and ice.

Prepare an emergency kit to keep in the back of your car. This will ensure that you are prepared in the event that you get stuck in the snow. Things to include in the kit:

Ice scraper
Small broom
Small shovel
Kitty litter or a bag of sand (to give traction if you get stuck in snow or ice)
Blankets or a sleeping bag
Flashlight with batteries
Flares or warning triangles
Plastic bags
First aid kit
Tool kit
Jumper cables
Bright cloth to use as a flag
Help sign for back window
Extra hat and gloves
Food and water to sustain you if you get stuck
A book, Bible or Prayer Cards to keep you busy and calm in the event you get stuck.
Charged cell phone (always carry this, especially in the winter)

Keep your gas tank at least half full at all times. This adds weight to the car and will ensure that you won’t run out of gas in the event you get stuck.

Driving in the Snow

Pay attention to the weather forecasts and road conditions in the winter months. If the weather is bad, stay home if at all possible. If you must venture out, travel in the daylight. You are more likely to find help if you get stuck during the day. Never warm up your vehicle in the garage. This releases carbon monoxide, which is toxic and can kill you.

When driving, always wear your seatbelt. Wear sunglasses to protect your eyes from the glare of the sun reflecting off the snow. Know your car and how it handles in the snow. Features like traction control and antilock brakes can be useful in bad weather conditions. Know how these work and if your car is new, practice driving it in a snow covered parking lot before venturing out on the road.

Take it slow, especially in icy conditions. Don’t tailgate and be sure to allow a safe distance between vehicles. Do everything slowly, stopping, accelerating and turning. Leave plenty of time and space to maneuver. Sliding and skidding usually happen when turning, stopping or accelerating. Going extra slow will ensure your safety.

If the visibility is low, slow down even more. Consider getting off highways and driving even slower. This will take you out of the path of large trucks that can cause accidents. Use only your low beams, as your high beams will reflect back off the snow and won’t increase your visibility. Turn on your hazard lights to be sure other drivers see you.

In the event your car gets stuck, don’t get out. Put up the hood and tie your cloth to the antennae. This will make you more visible to emergency vehicles and other drivers. Keep the windows, air grill and tail pipe clear of snow. Wrap up in blankets and huddle up with passengers to stay warm. Run the heat for fifteen minutes each hour to keep from freezing. Move your body around to stay warm.

Keeping your car clean throughout the winter is important. Salt on the roads is important for safety, but will wreak havoc on the finish. If left on for long periods, it can cause rusting. Wash your vehicle weekly to remove salt and wax to protect the paint. Salt also leaves a coating on your headlights that can impair their operation. This will make you less visible to other vehicles. New Lite Headlight Cleaner and Restorer will return the lights to like new condition.

About The Author
 

David Maillie is a chemist with over 12 years experience in biochemical research and clynical analysis. He is an alumni of Cornell University and specializes in biochemical synthesis for public, private, and governmental interests. He holds numerous patents including his recently awarded patent for headlight cleaner and restorer. He can be reached at M.D. Wholesale: http://www.mdwholesale.com.

 



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