Shopping around for an insurance policy for your car can sometimes be quite confusing, especially for the first timers. The term ‘comprehensive insurance’ gets thrown around frequently when speaking about car insurance, but what exactly does it mean? In short, comprehensive cover is the highest level of cover a policy holder can have if they take out motor insurance, but it might not be as all-inclusive or simple as you think!
Insurance companies do not use a laid out set of rules which they all follow, hence comprehensive coverage can be interpreted in many different ways. In general, by taking out comprehensive insurance, you are not only covered for third party claims in the event of an incident, but are also covered for damage caused to your own new or used vehicle as well as theft, fire or other ‘Acts of God’ that might be separately specified. Because of the extent of the cover, comprehensive is the most expensive type of car insurance.
When is it advisable to take out comprehensive car insurance?
A good insurance policy provides complete peace of mind by being financially and legally covered should you be involved in an accident or be a victim of car theft. If you purchase a new car, it is very sensible to take out comprehensive car insurance, but if your car is an old model with a low market value, the added cost for comprehensive coverage may not be worth it and ‘Third party’ insurance might be more suitable to you. If you take out a car loan, your loan provider may however stipulate that you take out a comprehensive coverage to protect their asset while it is being paid off.
What is covered?
Comprehensive coverage protects you against damages to your car that are the result of a collision, as well as many other destructive forces. In the US collision coverage is not part of comprehensive insurance and needs to be taken out additionally. The benefits could include:
• Collision / Accident damage (Not included in US comprehensive insurance)
• Bumper bashings as well as scratches and dents
• Theft or Hijacking
• Vandalism (Intentional damage by another party)
• Natural disasters such as floods or storms
• Falling objects
• Damage done to your vehicle by animals
• A civil disturbance, like a riot that results in damage or destruction of your car
• Hail damage
• Third party damage
• Liability claims
In order for a claim to be honoured by an insurer, there are of course some stipulations you have to adhere to, especially in the event of a road accident. Usually claims will not be honoured when a driver was found to be under the influence of alcohol, not adhering to the road regulations, driving an un-roadworthy vehicle or driving without a valid driver’s license.
What is not covered?
Additional coverage terms is where the line starts to get a little blurred when it comes to comprehensive coverage. Depending on the insurance house, some of the below might be covered by their comprehensive policy but in most instances are not covered.
• Additional driver(s)
• Roadside assistance (Towing at a limited cost is usually included only)
• Trauma / Medical / Legal assistance
• Car Rental (Courtesy car)
• Personal property stolen from within your vehicle
• Lockout services
• Gap insurance
• OEM Endorsement (Sometimes additional cost for OEM parts vs. aftermarket parts)
• Windscreen Coverage (Covered, but if you opt for a high excess it could essentially wipe out your glass coverage.)
Remember: As with all insurance policies, you should check with your insurance broker to make sure all the coverage that you require is included under the comprehensive coverage of your car insurance policy.
Article by JB, of www.driveit.co.za, a free South African vehicle classifieds website dedicated to the buying and selling of new or used cars online. Article may be used freely, but must include a live link pointing to DriveIt Buy Sell Used Cars
Finance experts say that when an individual buys a car, he is getting himself an investment, a good one. Aside from buying a house, car acquisition is the next major investment. Since buying a car yields a big amount to invest one needs to think of the primary needs he wants in a car and make sure he will find them in the actual car he will be choosing to buy. This is to ensure that the money he will spend on it is worth every dime.
If the owner of the car will often drive his family to places for trips or if the top reason for buying the vehicle is for his family’s use every day, then he should get a car that will give them a convenient travel, a comfortable space, and ensures the safety of its passengers.
Manufacturers these days designed their cars safer than ever. Furthermore, the styles and the designs of the different models have also gradually changed. They have become more stylish, classy and chic.
One other important factor to consider before going for the car of your choice is to check its fuel efficiency. If it is economical then it would be cost effective for you. These days, being practical has a lot of benefits, this for one is a good example. Consider asking the salesman what the gas milage would be for the car and see if it tests out that way during the test drive.
Moreover, a car that can have more than six passengers is one good family car. When you travel around, it’s not just the passengers that you will be driving for but also the baggage they carry with them.
There are some popular family cars being sold at the market these days. These vehicles are perfect family cars. You can check each of one of them, and compare specifications and the test drive experience. From there you can decide which one you want to take home for good.
The popular car brands well known for quality production of vehicles produce the most used family vehicles. These cars are usually the most spacious among others of the same class. The top features are versatility and futuristic designs and spacious passenger and cargo space. There are also minivans, produced by manufacturers with luxury in mind.
So when you’d go shopping for a family car, go for the best one you can find and don’t ever settle for less. Take your time in making your choice and use some common sense. Test drive your top 3 choices of vehicles so you can compare actual driving experience.
Lastly, get feedback from existing owners of the vehicle you are looking to purchase so you can see the advantages and disadvantages.
There are several Choices for family vehicles. It is important to choose the best ones that offer value for money. Visit http://www.sydneyautohouse.com.au for different family car choices that you can consider.
Article Source: http://EzineArticles.com/?expert=Kreziah_Mc_Arthur
Buying a car can be an extremely overwhelming process. There are plenty of mistakes to make and fine print to miss when it comes to an auto loan. Be sure not to make these mistakes and your wallet will definitely thank you.
- When you’re signing up for a car loan, one of the first things you will want to do is check the yearly percentage rate of the loan. Some dealers will take the interest paid during the loan and add it to the initial loan amount; this will obviously cost you more money.
- Next, you want to know the date of your first loan payment. Mark it in your calendar, put it on your iPhone or Android reminders, do anything you need to do to remember this date. It’s very stressful to start off with a late payment, and it can drop your credit score by as much as 100 points!
- You also want to be sure to get a good deal with your extended warranty. Very often you can negotiate and get a better cost for your extended warranty. Haggling is a great skill for many reasons. Don’t be afraid to try. You stand to save a ton of money, and you have essentially nothing to lose. Credit unions will frequently offer cheaper extended warranties. You should also check around for good insurance before you begin the negotiation process with a dealer.
- You want to avoid extension offers on your loan. While your mileage may vary — pun intended — it is usually best NOT to add interest to your loan. If anything, you want to be paying the loan off faster.
- Speaking of the loan, make sure the dealer is actually giving you a loan. There is a car loan, and then there is a retail installment sales contract; the rate on the latter can be significantly higher, so always verify.
- When you get your loan, be sure to pay attention to ANY hidden fees and charges. Read the fine print to make sure you don’t get any unexpected charges. Don’t be afraid to ask questions. If the dealer won’t give you satisfactory answers, you don’t want to be doing business with them.
- You also don’t want to worry too much about dealer add-ons like paint sealant and other treatments. Some of these add-ons are pointless and will only cost you money. Don’t pay for anything you aren’t going to need. You also want to contest any extra fees that don’t seem right to you.
If you can follow these tips and tricks, you’ll be able to buy that new dream car and not have it cost an arm and a leg in the long run. Hopefully, you are now armed with the knowledge to make educated decisions during this tricky process.
Dealing with the finance process while at the dealership can be doubly stressful. Often it’s better to have line up your financing ahead of time, which you can do through a service such as IllinoisAutoFinance.com.
Buying a vehicle is not necessarily a simple decision. There is a lot of cash involved. In fact, it can be considered the second most expensive item people get to purchase after a home. Therefore, it is important to ensure you are getting the best deal in terms of financing. Some of the most popular car finance options include:
· Savings or cash
When the rates of interest are low, it is possible the savings in the bank account or building society account is not earning much. Therefore, instead of keeping the savings and borrowing cash at high interest rates, you can consider using some of it to purchase a car. However, make sure you have left some money in the account to cater for emergencies. If you do not have enough savings to purchase a car, they can be used to give you a big deposit.
· Personal loan
If you have a good credit rating, you can consider the option of getting a loan from your bank, a finance provider or building society. Nevertheless, you need to be cautious to make sure your home is not serving as a security for the loan- to avoid putting the home at a risk if you fail to keep repaying. To get the best deals, take the time to shop around. This way, you stand to benefit from the best rates of interest by comparing the annual percentage rate (APR), which features charges that need to be paid out including the interest.
The benefits of the personal loan are many. The loan can be arranged via the internet, over the phone or face-to-face. Furthermore, the loan may cover whole or part of the car’s cost. When you shop around, you stand to benefit a great deal from competitive fixed rates of interest.
· Hire purchase (HP)
Financing the purchase of a car through hire purchase is popular with many buyers. Hire purchase is often paid in installments with the payments being spread over a span of 12 to 60 months. Many of the times, the customer needs to make a deposit of about 10%. The car dealers often arrange this type of financing and they are competitive for new vehicles. The car acts as security and thus the customer does not own it until he/she has submitted the last payment.
The method offers several benefits. First, it is easy and quick to arrange. In addition, it attracts a low deposit and competitive fixed rates of interest. Furthermore, this option of financing offers flexible repayment terms, often ranging from 12-60 months.
We provide the best info about car finance. For further details please visit the provided link.
Article Source: http://EzineArticles.com/8013987
The fascination with vintage cars is common among people everywhere. Car enthusiasts often visit junkyards and salvage yards searching for hidden treasure. Buying online salvage vehicles is one of the easiest and convenient ways to find those classy beauties that are often left uncared for and unattended. The shape, color, look and the element of antiquity make these the most sought after cars. Such antique cars have a story to share. Vintage cars from the bygone era rekindle the history. Some of these cars have witnessed several incidents of the past. Be it the devastating World War II or the War in Vietnam, these cars have witnessed it all.
During the vintage period of 1919 to 1929 there were rapid developments in the automobile industry. New companies ventured into this business and existing market leaders presented new models. The front-engine cars were dominant in the market. Multi-valve, internal combustion engines were produced. Antifreeze, car heating, in-car radios and improved braking systems were introduced. In the course of time, the automobile industry has revolutionized with advancement in technology, design, engineering and manufacturing.
- Iconic Vintage Cars
- Some of the iconic, vintage cars as listed below:
- 1923 Gray Motor Company Coach
- 1923 Maxwell Club Sedan
- 1924 Studebaker Big Six
- 1921 Chicago Yellow Cab
- 1928 Willys Knite Six
Owners of such iconic vehicles of the yesteryear can participate in vintage car shows to promote the idea of preserving antique models of an automobile industry. These days auto auction sites are the most appropriate sources for such vehicles. Vintage car enthusiasts can buy their dream car through an auto auction. Before you bid, decide the kind of vehicle you wish to purchase. Customize your search on the basis of brand, year and model. Auction sites present thousands of vehicles from the vintage era to the newer models. On the auction page, there are images and vehicle details to refer to. Buyers can bid according to the damage type or restoration cost that will be incurred.
Auction houses in association with registered brokers offer thousands of vehicles available at low prices. These auctions were initially limited to buyers who had a dealer license. Bidders can select a classic beauty and enter the bid amount after detailed inspection. The highest bidder in preliminary bidding is represented at the live auction. The registered broker attempts to win the vehicle at the lowest price. The other option is to participate in the live auction, without taking part in the preliminary bidding process.
Gear up for the upcoming vintage car show as you bid and win vehicles online.
SalvageBid is an unique online auto auction platform where people can bid and buy salvage cars, trucks, bikes, boats etc damaged by flood, accident, collisions or hurricanes.
Article Source: http://EzineArticles.com/7996968
When it comes to buying a previously owned vehicle, buying from used car dealerships is typically safer than purchasing an automobile from a private seller. Buying a previously owned vehicle over a used one provides the consumer with a variety of benefits. While there are a huge amount of listings for private sellers located everywhere from local newspapers to the Internet, buying from a dealer will give you more protection than buying privately. Many dealers offer certifications and other protections. Plus, you will get the assurance that comes with seeing the automobile in person, test driving it, and having it checked by a mechanic before you purchase, while buying on the Internet may not give you all of those reassurances.
Used car dealerships cannot legally sell you a broken car, which is not completely true when buying privately. A vehicle must meet certain quality standards before a dealer can sell it to you. A vehicle that has a basic mechanical issue or problem that causes it to not operate properly such as brakes that don’t function or broken shocks, cannot be sold by used car dealerships. It is also not in the interest of dealers, which are businesses, to sell improperly operating vehicles. Some vehicles may be sold “as is,” in which case you should take extra precautions before you hand over any of your money. Dealers also sell vehicles that are “certified,” meaning that the automobile has gone through some kind of thorough inspection, and it may come with a warranty.
Although buying from a private seller is often cheaper, there are more risks associated with doing so. The vehicle could be stolen, or it could be damaged in some way that may not be immediately evident or detectable. If when purchasing from a private seller you come across any damage or problems down the line, you will need to be sure that you have evidence and that you have a way of contacting the seller.
Used car dealerships can also help you with the process of transferring all of the associated paperwork involved with ownership, and they also may be able to help you with financing. Some even accept trade-ins. It is pretty unlikely that you will find any kind of deal even close when buying privately. Plus, when buying from a dealer, you will not need to have several meetings with people you do not know and go through the process of having the vehicle inspected by a mechanic, and test-driving the vehicle over and over again. Used car dealerships simply give you a variety of benefits you will not find elsewhere.
Looking for used car dealerships in Kenner, LA? We have an unbeatable selection of used cars and financing options to fit any budget. Check out our inventory today at http://raybrandttoyota.com.
Budget conscious buyers looking for a four wheel vehicle can opt for a damaged vehicle auction. Such an auction offers thousands of vehicles for bidding from many different places. Damaged vehicles are either premature end-of-life vehicles affected by collision or natural calamity, or they are natural end-of-life vehicles that have retired from roads after years of extensive use. Online auto auctions offer a wide range of vehicles including motorcycles, cars, trucks, SUV’s and recreational vehicles to bid on.
Every single economical human being on the planet dreams of owning a reasonably priced vehicle that not just looks good and has a lot of life left in it, but also is equally reliable. You buy a car and then it ends up breaking down at every 50 or 100 miles, that is really unfortunate and something that is going to cost you way more in the long run, than you thought it would save you in its initial costs. Money is not just the factor here that would decide the one car that you would like to pick, the other thing that equally matter s and works as a deciding factor is the dependability and consistency of the vehicle.
To get the best results follow the steps mentioned in the lines below and you will never regret your decision of buying a used car.
Step 1- Collect all the information you can about used cars. Things like, what to see and give importance to, what not to see or ignore, should you ask for a used car value calculator, etc. Decide what is better for you, buying cheap used cars or cheap new cars.
Step 2- Search stores and sites offering used cars for sale and new cars for sale and pick few based on the information that you have collected.
Step 3- Compare the price and the specifications mentioned of all the different vehicles that you came across in your search.
Step 4- Make your decision of buying the best that you find based on the information that you received to begin with the search.
There are many benefits and advantages of having a used car over a brand new car, few of which you will be learning in this article when you read further.
Saving on the cost:
To get the best deals and save maximum on the cost of a car, you might have to put in some efforts from your side, but then, the results are bound to be great at the end of the day, as far as the cost of the cars are concerned. Taking up a used car instead of a new one will help you get the best deal for your money by getting something great in the cost that you can afford, without having to compromise on the quality.
The other benefit of going for cheap used cars is the fact that it depreciates less as against cheap new cars. If you buy a new car right out of the showroom, it will start depreciating heavily from the moment it sets out on the road for the first time. While on the other hand, a used car has already been depreciated and thus they are depreciated at lesser value now.
You can have extended warranty:
It is true that if you buy cheap used cars from a good and reputed dealer with a well-known reputation you could expect to get some great benefits, one of which is an extended warranty for the used cars. It is even a better possibility if you opt for certified used cars.
Your dreams will come true if you visit RetailMotors to buy a new car or to buy a cheap used car. We have used cars as well as new cars for sale, you can checkout our whole collection of new cars & used cars only at RetailMotors.
Article Source: http://EzineArticles.com/8079397
At a given point, the majority of people seek for an opportunity to purchase a car. Therefore, they are faced with the need of choosing car finance deals. You need to determine how you are going to finance the car. A car loan financing option provides an effective way to afford a brand new car. Obtaining an auto loan through dealers is not always the most ideal option – this is likely to get you to a position where you are paying more. The loan financing tips include:
· Know your credit scores
The credit scores often have a huge impact on the rates of interest that a customer gets to receive for an auto loan. Those who have higher credit scores receive lower rates of interest. Therefore, it is advisable for the customer to review their credit scores and to look out for any flaws in the past in making repayments of credit card, loans or other debts. You can consider delaying the purchase of a car for a short while to give you time to improve your credit score. Make sure to make regular payments and pay off all the existing debt. This will give you the opportunity to benefit from better rates of interest on the car loan- making it possible for you to pay less on the amount of money you have borrowed.
· Review your budget
It is advisable to assess your budget to determine how much car loan payment you can comfortably afford every month. As you compare the financing deals, you need to ensure you can afford to cater for the monthly payments. Having an idea what is within your means can help a great deal in keeping you on track during the car loan financing option. It is equally important to compare the rates of interest by considering the annual percentage rate (APR), which features the charges that you need to pay. A high deposit always translates to lower rates of interest.
· Compare prices
Car buyers need to know the model, make and year of manufacture of the vehicle they wish to finance to perform a price comparison and to estimate the loan amount that they need. If you do not know exactly what kind of vehicle you want to purchase, you can be preapproved for a car loan utilizing the same application. Therefore, when you discover the right vehicle, you will have the financing already prepared to purchase the car.
We provide the best info about car finance deals. For further details please visit the provided link.
Natural calamities such as the super storm Sandy cause a high level of destruction to life and property. As per a report by Reuters, in 2012, about 16,000 new cars were damaged by the ravaging storm. Because of this, approximately a total of 2,50,000 vehicles got damaged. It happened despite the dealers and other auto agencies moved their cars to higher grounds after receiving warnings.
Flood damaged cars usually end up in junk yards or at auction yards. However, a smart car dealer can restore a water damaged car by repairing it in a way that no damage signs are visible; it is critical not to let the looks misguide you. Buying a flood damaged car calls for some caution. However, it is important to realize that such a car may not always be a bad choice; especially considering the little amount of money one invests to buy it.
One can always go online and join a website for online salvage car auctions. Such websites include a wide range of water damaged, fire and collision damaged cars among other types of vehicles. Repossessed, theft recovered or vandalized automobiles can also be found on online auction sites at throwaway prices. With some research and after applying a good amount of discretion, buying a flood damaged car can be a profitable pursuit.
Factors to consider when buying a water damaged vehicle:
- How deep was the car submerged – If the water level did not reach the electronics, the car may not have many operational issues and would just suffer rust and corrosion. In case of a deep submersion, the car might need major work on it before it is safe for the road.
- How long did the vehicle stay under water – The extent of damage is always directly proportional to the time the car remains under water.
- What type of water was the car flooded in – Salt water flooding causes greater and faster damage as compared to fresh water flooding.
Online salvage auto auctions are very informative about the water damaged cars listed on their sites. Registered members who bid on such cars can ask for the Vehicle Identification Number (VIN), which can give them an insight into the car’s history. Many auction websites also offer services to inspect the flood damaged cars on behalf of the online bidders for a fee.
When deciding to buy a car damaged in a flood or a storm, it is important to factor in its resale value. It will be good to understand that such autos might not resell as they would have little or no market value.
Any car that has suffered damage by water needs moderate repair work. Such vehicles are good for people who want a car for short-term use. Such salvage automobiles are also purchased by car lovers who love buying wrecked autos cheap and then remodel them with new parts.
Look for the useful tips on auto auctions like where to find great vehicle deals without spending much. Also, know about flood damaged cars for sale, or why buying auto through online auctions is a safe and profitable option.
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