.
Many great things come in pairs – peanut butter and jelly, Astaire and Rogers, auto and home insurance. Getting your auto insurance and your home insurance from the same carrier could earn you a big discount. You’ll typically save 10 to 15 percent off your premiums.
All the best,
Timben
Tuesday, September 29, 2009
Fewer payments mean lower rates
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Rather than finance your insurance payment into six monthly installments, pay your 6-month premium all at once. When you choose the extended plan and divide up your payments, the insurance company adds what they call an “installment payment service fee.” It’s a small fee they add to your payment each month for their processing expenses, but you don’t get more coverage. Pay in full twice a year and those little monthly fees could add up to almost $100 in annual savings.
All the best,
Timben
Rather than finance your insurance payment into six monthly installments, pay your 6-month premium all at once. When you choose the extended plan and divide up your payments, the insurance company adds what they call an “installment payment service fee.” It’s a small fee they add to your payment each month for their processing expenses, but you don’t get more coverage. Pay in full twice a year and those little monthly fees could add up to almost $100 in annual savings.
All the best,
Timben
Don’t pay twice for roadside help
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The American Automobile Association (AAA) is an organization well-known for offering dependable roadside assistance, but why pay for an extra service when your own auto insurance offers it?
Most insurance companies offer roadside assistance programs for as little as $12 a year. That small fee usually entitles you to jump starts, lockouts, tire changes, towing, gas, and a toll-free phone number. AAA costs more because of additional benefits outside of roadside service, like travel discounts at hotels and restaurants, but if you don’t travel a lot, it’s a better idea to stick with your own insurer.
All the best,
Timben
The American Automobile Association (AAA) is an organization well-known for offering dependable roadside assistance, but why pay for an extra service when your own auto insurance offers it?
Most insurance companies offer roadside assistance programs for as little as $12 a year. That small fee usually entitles you to jump starts, lockouts, tire changes, towing, gas, and a toll-free phone number. AAA costs more because of additional benefits outside of roadside service, like travel discounts at hotels and restaurants, but if you don’t travel a lot, it’s a better idea to stick with your own insurer.
All the best,
Timben
Sunday, September 27, 2009
Buy only what you need
.
You can save money by buying just the insurance coverage you need. Try raising your deductible for comprehensive and collision coverage. You can cut 15 to 20 percent off your insurance rate by increasing your deductible from $250 to $500 or $1,000.
You may be able to stop paying for comprehensive coverage altogether. If your car is paid off, switch to just liability insurance, and you could save hundreds of dollars a year. As a rule of thumb, comprehensive and collision coverage aren’t worth the cost if the value of your car doesn’t add up to 10 times the annual premium. If that’s the case, all you need is liability coverage.
All the best,
Timben
You can save money by buying just the insurance coverage you need. Try raising your deductible for comprehensive and collision coverage. You can cut 15 to 20 percent off your insurance rate by increasing your deductible from $250 to $500 or $1,000.
You may be able to stop paying for comprehensive coverage altogether. If your car is paid off, switch to just liability insurance, and you could save hundreds of dollars a year. As a rule of thumb, comprehensive and collision coverage aren’t worth the cost if the value of your car doesn’t add up to 10 times the annual premium. If that’s the case, all you need is liability coverage.
All the best,
Timben
Do your homework to find a deal
.
The best way to find the lowest price on car insurance is to do your homework. Shop around before you sign up with any auto insurance carrier, and you’ll be sure to save money. Rates vary from one carrier to another, so call each company to find out what they charge and give them the same details. Tell them how much coverage you’re looking for, the amount of deductible you want, how frequently the car is driven, your age or the age of the driver, and the year, make and model of the car.
If you’re not sure exactly where to start, talk with the experts. Call your state insurance department and ask them for a list of auto insurance companies and the rates they charge. You can find contact information for the state insurance department by looking in the front of your phonebook or by doing an online search for their Web site.
Once your have the list, contact at least four of the companies with the lowest prices. Give them the same details mentioned before to find out what rates each of them charge for the same coverage. With that information in your hands, you can make an educated decision, and you’ll feel good knowing you got the best deal in town.
Check out the following price quotes for a 2002 Ford Focus ZTQ with 40,000 miles. The two drivers are married, currently have auto insurance, and don’t have any traffic violations. The car, which is driven 10 miles to work, has an alarm system and is still being paid for.
Web Site Lowest quote for 6 months
www.insWeb.com $456.00
www.geico.com $469.10
www.progressive.com $589.00
www.esurance.com $737.00
www.electricinsurance.com $951.00
All the best,
Timben
The best way to find the lowest price on car insurance is to do your homework. Shop around before you sign up with any auto insurance carrier, and you’ll be sure to save money. Rates vary from one carrier to another, so call each company to find out what they charge and give them the same details. Tell them how much coverage you’re looking for, the amount of deductible you want, how frequently the car is driven, your age or the age of the driver, and the year, make and model of the car.
If you’re not sure exactly where to start, talk with the experts. Call your state insurance department and ask them for a list of auto insurance companies and the rates they charge. You can find contact information for the state insurance department by looking in the front of your phonebook or by doing an online search for their Web site.
Once your have the list, contact at least four of the companies with the lowest prices. Give them the same details mentioned before to find out what rates each of them charge for the same coverage. With that information in your hands, you can make an educated decision, and you’ll feel good knowing you got the best deal in town.
Check out the following price quotes for a 2002 Ford Focus ZTQ with 40,000 miles. The two drivers are married, currently have auto insurance, and don’t have any traffic violations. The car, which is driven 10 miles to work, has an alarm system and is still being paid for.
Web Site Lowest quote for 6 months
www.insWeb.com $456.00
www.geico.com $469.10
www.progressive.com $589.00
www.esurance.com $737.00
www.electricinsurance.com $951.00
All the best,
Timben
Handling an imperfect driving record
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The easiest way to keep your auto insurance down is to have a perfect driving record, but for drivers with less-than-perfect histories, there are still ways to make the best of the situation.
If there is a flaw or two on your record, contact your local Department of Motor Vehicles to find out exactly how many points you have and when they expire. It may not be long before some of those points disappear, and your record improves. Wait until then to get insurance quotes.
Make sure there are no errors on your record, like a ticket you never got or a typo in your birth date. It costs a little to get a copy of your driving record, but it doesn’t cost anything to correct it. You’ll save a lot more in the long run by fixing any mistakes.
All the best,
Timben
The easiest way to keep your auto insurance down is to have a perfect driving record, but for drivers with less-than-perfect histories, there are still ways to make the best of the situation.
If there is a flaw or two on your record, contact your local Department of Motor Vehicles to find out exactly how many points you have and when they expire. It may not be long before some of those points disappear, and your record improves. Wait until then to get insurance quotes.
Make sure there are no errors on your record, like a ticket you never got or a typo in your birth date. It costs a little to get a copy of your driving record, but it doesn’t cost anything to correct it. You’ll save a lot more in the long run by fixing any mistakes.
All the best,
Timben
Repair your credit for better rates
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Checking your credit report for errors at least once a year can do wonders for your insurance premiums. If your credit report has mistake – and mistakes do happen – dispute the error.
You credit score affects your insurance score, which then affects your insurance rates. Correcting mistakes in your credit report could bring down your insurance rates. Generally, an insurance score above 760 is considered good, and anything below 600 is bad.
If your credit score is over 700, look into companies like Allstate and Progressive who give better rates for good credit. If your score is lower, look into companies like State Farm and American Family Insurance who put more emphasis on other factors, like your driving record.
All the best,
Timben
Checking your credit report for errors at least once a year can do wonders for your insurance premiums. If your credit report has mistake – and mistakes do happen – dispute the error.
You credit score affects your insurance score, which then affects your insurance rates. Correcting mistakes in your credit report could bring down your insurance rates. Generally, an insurance score above 760 is considered good, and anything below 600 is bad.
If your credit score is over 700, look into companies like Allstate and Progressive who give better rates for good credit. If your score is lower, look into companies like State Farm and American Family Insurance who put more emphasis on other factors, like your driving record.
All the best,
Timben
Rental Cars – New slant on renting a car
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Owning a car is expensive. Once you do the math, your total cost of gas, insurance, and maintenance, plus your monthly car payment, could be $600 to $700 a month. That’s okay if you use your car a lot, but what if you use it less than an hour a day, and two or three hours on the weekend? Then you may be spending more than you need.
Instead, check into joining a car-sharing program, like Flexcar at www.flexcar.com or ZipCar at www.zipcar.com. In some cases, the cost can be as low as $30 a month for part-time use of a car, including gas, premium insurance, maintenance, and 24-hour assistance.
Be aware that car-sharing programs often require an application fee. Also, you must reserve a car in advance, and they may be scarce at peak times. What’s more, if you exceed the mileage or time limit, you can be charged hefty fees.
If you only need a car for the weekend, try Enterprise Rent-A-Car. They frequently offer special weekend rates starting at $9.99 a day.
All the best,
Timben
Owning a car is expensive. Once you do the math, your total cost of gas, insurance, and maintenance, plus your monthly car payment, could be $600 to $700 a month. That’s okay if you use your car a lot, but what if you use it less than an hour a day, and two or three hours on the weekend? Then you may be spending more than you need.
Instead, check into joining a car-sharing program, like Flexcar at www.flexcar.com or ZipCar at www.zipcar.com. In some cases, the cost can be as low as $30 a month for part-time use of a car, including gas, premium insurance, maintenance, and 24-hour assistance.
Be aware that car-sharing programs often require an application fee. Also, you must reserve a car in advance, and they may be scarce at peak times. What’s more, if you exceed the mileage or time limit, you can be charged hefty fees.
If you only need a car for the weekend, try Enterprise Rent-A-Car. They frequently offer special weekend rates starting at $9.99 a day.
All the best,
Timben
Rental Cars – Look for credit cards for insurance
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Don’t pay for insurance twice. Check with your credit card company first to see what kind of insurance coverage they offer when you’re renting a car.
Dinner’s Club is the only card that offers primary coverage in the United States, but American Express, Visa, and MasterCard – at gold level or higher – typically provide secondary collision damage coverage.
Pass on the collision damage waiver, too. The $10 to $20 a day pays for a contract that is full of loopholes for the rental company to slip through and keep from honoring your policy in case of an accident.
All the best,
Timben
Don’t pay for insurance twice. Check with your credit card company first to see what kind of insurance coverage they offer when you’re renting a car.
Dinner’s Club is the only card that offers primary coverage in the United States, but American Express, Visa, and MasterCard – at gold level or higher – typically provide secondary collision damage coverage.
Pass on the collision damage waiver, too. The $10 to $20 a day pays for a contract that is full of loopholes for the rental company to slip through and keep from honoring your policy in case of an accident.
All the best,
Timben
Friday, September 25, 2009
Rental Cars – Get more mileage from free upgrade
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You may want to think twice when the car rental company offers you a free upgrade. When you upgrade from a four-cylinder compact to a six-cylinder intermediate, you spend more money on gas. Four-cylinder cars give you more miles per gallon than six-cylinder cars.
Your extra cost will depend on how many miles you rack up, whether you’re driving in the city or on the highway, and the price of gas, which varies around the country. These three variables can cause your gas expense to add up quickly.
If you want the comfort of an intermediate car but want to spend less on gas, ask the agent for a four-cylinder intermediate. They may be a little slower, but they’re roughly equal in gas mileage to a compact.
All the best,
Timben
You may want to think twice when the car rental company offers you a free upgrade. When you upgrade from a four-cylinder compact to a six-cylinder intermediate, you spend more money on gas. Four-cylinder cars give you more miles per gallon than six-cylinder cars.
Your extra cost will depend on how many miles you rack up, whether you’re driving in the city or on the highway, and the price of gas, which varies around the country. These three variables can cause your gas expense to add up quickly.
If you want the comfort of an intermediate car but want to spend less on gas, ask the agent for a four-cylinder intermediate. They may be a little slower, but they’re roughly equal in gas mileage to a compact.
All the best,
Timben
Rental Cars – Group members receive discounts
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You can receive a discount at most car rental companies if you’re a member of an organization, like AARP. In fact, some car rental companies give discounts for having a specific type of credit card.
The important thing is to be assertive and ask. Most companies won’t automatically tell you about their discounts, so rattle of all the organizations you belong to and see if you qualify. Being a member of one of the following groups may also help you get a car rental discount. You will need to show proof of membership.
* motor clubs
* teacher’s organizations
* government employees
* military
* vacation clubs
All the best,
Timben
You can receive a discount at most car rental companies if you’re a member of an organization, like AARP. In fact, some car rental companies give discounts for having a specific type of credit card.
The important thing is to be assertive and ask. Most companies won’t automatically tell you about their discounts, so rattle of all the organizations you belong to and see if you qualify. Being a member of one of the following groups may also help you get a car rental discount. You will need to show proof of membership.
* motor clubs
* teacher’s organizations
* government employees
* military
* vacation clubs
All the best,
Timben
Rental Cars – Avoid airport terminals and save
.
You can save at least 25 percent by making your reservation at an off-airport location, even if you rent from one of the major providers. Rental companies at airports usually charge “airport location fees” and security taxes, so it pays to take a cab or a shuttle to another location. Most of the time, you can return the car to an airport location without being charged extra.
All the best,
Timben
You can save at least 25 percent by making your reservation at an off-airport location, even if you rent from one of the major providers. Rental companies at airports usually charge “airport location fees” and security taxes, so it pays to take a cab or a shuttle to another location. Most of the time, you can return the car to an airport location without being charged extra.
All the best,
Timben
Rental Cars – Smart way to compare prices
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Booking a rental car online can save you money. In 2004, over 44 million Americans made some or all their travel reservations online. Of those people, 40 percent made rental car reservations over the Internet.
If they can go online to save money, so can you. Compare prices and find the best deals by looking at the different rates available on these travel sites:
* www.travelocity.com
* www.orbitz.com
* www.bnm.com
* www.expedia.com
* www.qixo.com
You can also check out Web Sites for rental car companies like Avis and Hertz for promotional offers and last-minute deals. Often, they will advertise sales, coupons, or free upgrades on their site, but make sure you read the fine print in case there are any hidden fees.
While you’re looking at the sites for all the major companies, you might take a look at the smaller ones, too. Their cars may be older or secondhand, but their prices will be much lower. Check out Rent-A-Wreck at www.rentawreck.com, DiscountCars.net at www.discountcars.net, and Car Rental Express at www.carrentalexpress.com.
When you go shopping online for rental car rates, be wary of a few things. Some travel sites have a lot of banners and pop-ups, so make sure not to confuse all those advertisements with actual rate listings. Another trick to look out for is really great rates that aren’t actually available. If you’ve been chosen a rate that seems too good to be true, double-check to see if it’s still available when you check out.
Also, find out if the rate includes all taxes, fees, surcharges, and any bookings fees that might not have been mentioned. When you have finally chosen a rate and decide to make your reservation, pay for the booking with your credit card. Charge cards usually have the most federal protection in cases of error or security breach, so you can make your reservation without worry.
All the best,
Timben
Booking a rental car online can save you money. In 2004, over 44 million Americans made some or all their travel reservations online. Of those people, 40 percent made rental car reservations over the Internet.
If they can go online to save money, so can you. Compare prices and find the best deals by looking at the different rates available on these travel sites:
* www.travelocity.com
* www.orbitz.com
* www.bnm.com
* www.expedia.com
* www.qixo.com
You can also check out Web Sites for rental car companies like Avis and Hertz for promotional offers and last-minute deals. Often, they will advertise sales, coupons, or free upgrades on their site, but make sure you read the fine print in case there are any hidden fees.
While you’re looking at the sites for all the major companies, you might take a look at the smaller ones, too. Their cars may be older or secondhand, but their prices will be much lower. Check out Rent-A-Wreck at www.rentawreck.com, DiscountCars.net at www.discountcars.net, and Car Rental Express at www.carrentalexpress.com.
When you go shopping online for rental car rates, be wary of a few things. Some travel sites have a lot of banners and pop-ups, so make sure not to confuse all those advertisements with actual rate listings. Another trick to look out for is really great rates that aren’t actually available. If you’ve been chosen a rate that seems too good to be true, double-check to see if it’s still available when you check out.
Also, find out if the rate includes all taxes, fees, surcharges, and any bookings fees that might not have been mentioned. When you have finally chosen a rate and decide to make your reservation, pay for the booking with your credit card. Charge cards usually have the most federal protection in cases of error or security breach, so you can make your reservation without worry.
All the best,
Timben
Thursday, September 24, 2009
Rental Cars – Drive away with the best deal
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Renting a car should be cheaper than buying one. Remember these tips the next time you rent, and you’ll be able to spend all that extra money on vacation souvenirs.
* Book early. If you make the reservation for a rental car at least 7 to 14 days in advance, you are more likely to get a lower rate. Since rental car companies don’t charge cancellation fees, book a car as soon as you can. If you have to make a booking at the last minute, opt for smaller rental companies. Their rates are usually lower, and most of their business comes from the last-minute bookings.
* Avoid the prepaid gas option – the one that lets you return the car without filling up the tank. Rental companies don’t refund you for the gas you didn’t use. Also, most of the time the prepaid rates for gas are higher than what you could find at the gas station. Just don’t forget to refill your tank before you return the car. The charge for gas you didn’t replace can be twice or three times the usual price.
* Compare the daily rate with the weekly rate. Often, the weekly rate is so low it’s actually cheaper to keep the car a few more days. In some cases, the charge for a week will be less than a three-day rental.
* Join a frequent renter club if there’s one company you use again and again. The membership is free, and you generally get 5 to 15 percent off each rental. Some clubs let you earn points toward a free rental. Other incentives include, express lines, free upgrades, and frequent-flyer miles.
* Choose a smaller car if you’re headed overseas. Small cars get better gas mileage. In foreign countries, gas prices are close to $4 a gallon.
All the best,
Timben
Renting a car should be cheaper than buying one. Remember these tips the next time you rent, and you’ll be able to spend all that extra money on vacation souvenirs.
* Book early. If you make the reservation for a rental car at least 7 to 14 days in advance, you are more likely to get a lower rate. Since rental car companies don’t charge cancellation fees, book a car as soon as you can. If you have to make a booking at the last minute, opt for smaller rental companies. Their rates are usually lower, and most of their business comes from the last-minute bookings.
* Avoid the prepaid gas option – the one that lets you return the car without filling up the tank. Rental companies don’t refund you for the gas you didn’t use. Also, most of the time the prepaid rates for gas are higher than what you could find at the gas station. Just don’t forget to refill your tank before you return the car. The charge for gas you didn’t replace can be twice or three times the usual price.
* Compare the daily rate with the weekly rate. Often, the weekly rate is so low it’s actually cheaper to keep the car a few more days. In some cases, the charge for a week will be less than a three-day rental.
* Join a frequent renter club if there’s one company you use again and again. The membership is free, and you generally get 5 to 15 percent off each rental. Some clubs let you earn points toward a free rental. Other incentives include, express lines, free upgrades, and frequent-flyer miles.
* Choose a smaller car if you’re headed overseas. Small cars get better gas mileage. In foreign countries, gas prices are close to $4 a gallon.
All the best,
Timben
Maintenance – Save more than $200
.
You can save more than $200 a year on fuel costs by following some simple rules:
* Keep engine tuned.
* Replace air filter regularly.
* Use recommended grade of motor oil and gasoline.
* Keep tires inflated to the recommended pressure.
* Avoid jackrabbit starts or sudden stops.
* Keep it under 60 on the highway.
* Avoid buying gas at highway stations.
* Shut the car off instead of idling.
All the best,
Timben
You can save more than $200 a year on fuel costs by following some simple rules:
* Keep engine tuned.
* Replace air filter regularly.
* Use recommended grade of motor oil and gasoline.
* Keep tires inflated to the recommended pressure.
* Avoid jackrabbit starts or sudden stops.
* Keep it under 60 on the highway.
* Avoid buying gas at highway stations.
* Shut the car off instead of idling.
All the best,
Timben
Maintenance – Beat auto repair rip-offs
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Develop a relationship with a good repair shop – one that knows your car – and you will be ahead of the game when it comes to maintenance. Learn which shops in your area have the best reputation. Good credentials are important for both shop and mechanic.
A shop that’s affiliated with a reputable parts distribution and repair network (like NAPA) has an edge when it comes to getting quality replacement parts when you need them. Mechanic certification (like ASE) tells you that those working on your car are the best available.
Heed these four ways to keep any mechanic honest when he works on your car.
* Let him figure out the problem. Explain what you hear or see, and make sure your description is included in the work order. Keep it simple. Say, “It won’t crank,” not “I think it needs a new battery.” This keeps spendthrift mechanics from automatically installing a new battery, even if the battery is not the problem.
* Know what you’re entitled to. The U.S. Attorney General’s Office says you should expect written estimates on repairs over $100 if you deal with the repair shop face-to-face. And the repair shop must have your permission for repairs more than 10 percent over the authorized estimate.
* Get all guarantees and warranties in writing, both for parts and labor. Take notes on your conversations with the mechanic. A good place to record the details of your agreement is on the work order itself. Make sure you understand what is written there. This will help you avoid expensive misunderstandings.
* Tell the mechanic you want all parts that have been replaced. If a part, like an alternator, can be exchanged and rebuilt, ask to see the receipt for the swap. Don’t pay for a new part if all they did was clean and reinstall the old one.
All the best,
Timben
Develop a relationship with a good repair shop – one that knows your car – and you will be ahead of the game when it comes to maintenance. Learn which shops in your area have the best reputation. Good credentials are important for both shop and mechanic.
A shop that’s affiliated with a reputable parts distribution and repair network (like NAPA) has an edge when it comes to getting quality replacement parts when you need them. Mechanic certification (like ASE) tells you that those working on your car are the best available.
Heed these four ways to keep any mechanic honest when he works on your car.
* Let him figure out the problem. Explain what you hear or see, and make sure your description is included in the work order. Keep it simple. Say, “It won’t crank,” not “I think it needs a new battery.” This keeps spendthrift mechanics from automatically installing a new battery, even if the battery is not the problem.
* Know what you’re entitled to. The U.S. Attorney General’s Office says you should expect written estimates on repairs over $100 if you deal with the repair shop face-to-face. And the repair shop must have your permission for repairs more than 10 percent over the authorized estimate.
* Get all guarantees and warranties in writing, both for parts and labor. Take notes on your conversations with the mechanic. A good place to record the details of your agreement is on the work order itself. Make sure you understand what is written there. This will help you avoid expensive misunderstandings.
* Tell the mechanic you want all parts that have been replaced. If a part, like an alternator, can be exchanged and rebuilt, ask to see the receipt for the swap. Don’t pay for a new part if all they did was clean and reinstall the old one.
All the best,
Timben
Maintenance – Keep you car in tip – top shape
.
The best way to protect your car’s value is through regular maintenance. You can save a ton of money by replacing worn out parts before they break and require a major repair. Check out these figures for estimated auto repair costs in 2006 from the Sam’s Club Auto Service Plan:
* Alternator $442
* Engine $3317
* Starter $453
* Transmission $2245
* Water Pump $502
Obviously, you don’t want to neglect those important parts. But even simple things, like changing the oil or fan belt, are critical to the overall health of your car. Besides saving money, here are the benefits of regular preventive maintenance.
* Improved performance. This means more pep, better handling, and improved fuel economy.
* Dependability. A well-maintained vehicle is more likely to start right up and less likely to stall or leave you stranded.
* Better safety. A little neglect over a long period of time makes your car an accident waiting to happen.
* More pleasurable driving. When your car doesn’t make funny noises or do strange things, it makes for a better, more relaxing ride.
* Environmental protection. Poorly maintained automobiles are notorious polluters.
* Simpler schedule. Hit-and-miss servicing is easy to forget. Put your maintenance visits on the calendar. By planning ahead, you can budget accordingly.
* Higher resale value. A regularly serviced car holds its value better as the years go by.
* Owner pride. Your car is one of the accessories you “wear.” Keeping it up makes a positive statement about you.
All the best,
Timben
The best way to protect your car’s value is through regular maintenance. You can save a ton of money by replacing worn out parts before they break and require a major repair. Check out these figures for estimated auto repair costs in 2006 from the Sam’s Club Auto Service Plan:
* Alternator $442
* Engine $3317
* Starter $453
* Transmission $2245
* Water Pump $502
Obviously, you don’t want to neglect those important parts. But even simple things, like changing the oil or fan belt, are critical to the overall health of your car. Besides saving money, here are the benefits of regular preventive maintenance.
* Improved performance. This means more pep, better handling, and improved fuel economy.
* Dependability. A well-maintained vehicle is more likely to start right up and less likely to stall or leave you stranded.
* Better safety. A little neglect over a long period of time makes your car an accident waiting to happen.
* More pleasurable driving. When your car doesn’t make funny noises or do strange things, it makes for a better, more relaxing ride.
* Environmental protection. Poorly maintained automobiles are notorious polluters.
* Simpler schedule. Hit-and-miss servicing is easy to forget. Put your maintenance visits on the calendar. By planning ahead, you can budget accordingly.
* Higher resale value. A regularly serviced car holds its value better as the years go by.
* Owner pride. Your car is one of the accessories you “wear.” Keeping it up makes a positive statement about you.
All the best,
Timben
Wednesday, September 23, 2009
Used Cars – Get a free inspection
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If you’re a member of the Automobile Association of America (AAA), you don’t need to pay a mechanic to check out a used car. AAA offers a free maintenance inspection to all its members. Just take the care you’re interested in to one of their approved auto repairs facilities, and they’ll inspect the car for problems that usually lead to roadside breakdowns. Then they’ll tell you in writing about any maintenance or repairs the car needs. The service is valued at $24.95, and you get it for nothing. You can’t beat that price.
All the best,
Timben
If you’re a member of the Automobile Association of America (AAA), you don’t need to pay a mechanic to check out a used car. AAA offers a free maintenance inspection to all its members. Just take the care you’re interested in to one of their approved auto repairs facilities, and they’ll inspect the car for problems that usually lead to roadside breakdowns. Then they’ll tell you in writing about any maintenance or repairs the car needs. The service is valued at $24.95, and you get it for nothing. You can’t beat that price.
All the best,
Timben
Used Cars – Smart way to find a safe car
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Hire a mechanic to inspect a used car before you even consider handing over your money. He will check for problems and possibly even give the car a test drive. Make an appointment with your mechanic ahead of time so he can work it into his schedule. The whole process should take about an hour.
The service may cost $50 to $100, but any amount the mechanic charges is worth it. It could save you thousands of dollars if the car turns to be faulty. And if you hire a mechanic you work with frequently, he may even perform the service for free.
Some mechanics may go to the point of sale for the inspection, but most need you to bring the car to their garage. Take the car’s owner with you. He probably won’t want to let you disappear with his car for an hour while you have it checked.
If the seller refuses to let a mechanic look at the car, there’s probably something wrong with it. You’re better off moving on to the next option.
All the best,
Timben
Hire a mechanic to inspect a used car before you even consider handing over your money. He will check for problems and possibly even give the car a test drive. Make an appointment with your mechanic ahead of time so he can work it into his schedule. The whole process should take about an hour.
The service may cost $50 to $100, but any amount the mechanic charges is worth it. It could save you thousands of dollars if the car turns to be faulty. And if you hire a mechanic you work with frequently, he may even perform the service for free.
Some mechanics may go to the point of sale for the inspection, but most need you to bring the car to their garage. Take the car’s owner with you. He probably won’t want to let you disappear with his car for an hour while you have it checked.
If the seller refuses to let a mechanic look at the car, there’s probably something wrong with it. You’re better off moving on to the next option.
All the best,
Timben
Used Cars – Flash Some Cash and Save
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Show the seller you’re serious by letting them know you’ve got cash on hand. You may save money by making a cash offer even it’s less than what they’re asking. Don’t talk price too early in the negotiations. But if it comes down to getting a seller to agree on a lower price, flashing cash may clinch the deal. Whether you arrange your financing ahead of time or just withdraw from savings, having cash at hand is more than just a great negotiating tool. It will also keep you from going over budget since you’ll be safe from expensive loan offers.
All the best,
Timben
Show the seller you’re serious by letting them know you’ve got cash on hand. You may save money by making a cash offer even it’s less than what they’re asking. Don’t talk price too early in the negotiations. But if it comes down to getting a seller to agree on a lower price, flashing cash may clinch the deal. Whether you arrange your financing ahead of time or just withdraw from savings, having cash at hand is more than just a great negotiating tool. It will also keep you from going over budget since you’ll be safe from expensive loan offers.
All the best,
Timben
Tuesday, September 22, 2009
Used Cars – Sidestep common auto scam
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Be a proactive used-car shopper, and protect yourself from scamsters who peddled their flood-damaged goods. These scoundrels “freshen up” damaged cars and resell them at bargain prices to naïve and unsuspecting buyers. While flood damage to cars may not be easy to see, it can be every bit as harmful as that caused by wrecks.
Begin your investigation by asking for the title. If it’s stamped “salvage,” the car has already been totaled, perhaps by flooding. The title also tells where the car is from. If its most recent “home” is a state where flooding has been a problem, take note. Flood-damaged vehicles are routinely shipped to your area and sold as though nothing is wrong with them.
Next, scrutinize it for telltale signs of flooding. Watermarks will usually remain hidden from view. Open the hood and scan the engine compartment. Look at the radiator. Check the air filter for signs of water-borne debris. Does the engine oil look milky or discolored? It could be from water.
Check the trunk. Does it smell musty? Is the jack or tire iron rusted? Look under carpeting for signs of moisture. Do you see evidence of new, poorly fitted, or mismatched carpet or upholstery? Use a mirror to peer under seats where the metal parts can rust.
Check for mud or rust in hard-to-clean parts of the car. Be sure to check every electrical switch – locks, windows, lights, lighter, radio, horn, heater fan – and try each of them several times.
If you’re still serious about the car, find the vehicle identification number (VIN), and use it to order a vehicle history report from www.carfax.com or www.autocheck.com. It will reveal the car’s hidden past, including flooding.
All the best,
Timben
Be a proactive used-car shopper, and protect yourself from scamsters who peddled their flood-damaged goods. These scoundrels “freshen up” damaged cars and resell them at bargain prices to naïve and unsuspecting buyers. While flood damage to cars may not be easy to see, it can be every bit as harmful as that caused by wrecks.
Begin your investigation by asking for the title. If it’s stamped “salvage,” the car has already been totaled, perhaps by flooding. The title also tells where the car is from. If its most recent “home” is a state where flooding has been a problem, take note. Flood-damaged vehicles are routinely shipped to your area and sold as though nothing is wrong with them.
Next, scrutinize it for telltale signs of flooding. Watermarks will usually remain hidden from view. Open the hood and scan the engine compartment. Look at the radiator. Check the air filter for signs of water-borne debris. Does the engine oil look milky or discolored? It could be from water.
Check the trunk. Does it smell musty? Is the jack or tire iron rusted? Look under carpeting for signs of moisture. Do you see evidence of new, poorly fitted, or mismatched carpet or upholstery? Use a mirror to peer under seats where the metal parts can rust.
Check for mud or rust in hard-to-clean parts of the car. Be sure to check every electrical switch – locks, windows, lights, lighter, radio, horn, heater fan – and try each of them several times.
If you’re still serious about the car, find the vehicle identification number (VIN), and use it to order a vehicle history report from www.carfax.com or www.autocheck.com. It will reveal the car’s hidden past, including flooding.
All the best,
Timben
Used Cars – Come out ahead in the classifieds
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You can find good deals on used cars by looking through the classified ads in your local newspaper. Auto Trader magazine is a helpful publication that features used car ads complete with pictures for you to browse.
You can also look online for classifieds at Kelley Blue Book’s site, www.kbb.com, and at Auto Trader Online, www.traderonline.com. But be careful as you look into these deals. Not everyone is completely honest when they write their ads. Do you best to verify as much as you can.
Look for vehicles that have been owned by only one person. Concentrate on the ones with low mileage. If the ad doesn’t mention mileage, it’s probably too high. Do all the research you would do with any used car, such as looking through maintenance records, checking the car’s history by its VIN, and having a mechanic check it before you make a decision.
One trick you may run into is the “dealer in disguise.” Sometimes dealers will pose as private owners and place a classified ad for a used car. They pull this stunt because buyers are usually nicer to private parties, and some will only buy from private owners. Plus, owner classified ads are cheaper than the ones for dealers.
You’ll get a better deal from a private owner, so make sure you’re speaking with one. Ask the seller if he or she is a private party or not. If they answer confidently, they probably are. But if they hesitate, you could be on the phone with a sneaky dealer.
All the best,
Timben
You can find good deals on used cars by looking through the classified ads in your local newspaper. Auto Trader magazine is a helpful publication that features used car ads complete with pictures for you to browse.
You can also look online for classifieds at Kelley Blue Book’s site, www.kbb.com, and at Auto Trader Online, www.traderonline.com. But be careful as you look into these deals. Not everyone is completely honest when they write their ads. Do you best to verify as much as you can.
Look for vehicles that have been owned by only one person. Concentrate on the ones with low mileage. If the ad doesn’t mention mileage, it’s probably too high. Do all the research you would do with any used car, such as looking through maintenance records, checking the car’s history by its VIN, and having a mechanic check it before you make a decision.
One trick you may run into is the “dealer in disguise.” Sometimes dealers will pose as private owners and place a classified ad for a used car. They pull this stunt because buyers are usually nicer to private parties, and some will only buy from private owners. Plus, owner classified ads are cheaper than the ones for dealers.
You’ll get a better deal from a private owner, so make sure you’re speaking with one. Ask the seller if he or she is a private party or not. If they answer confidently, they probably are. But if they hesitate, you could be on the phone with a sneaky dealer.
All the best,
Timben
Used Cars – Save with a private seller
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Cars automatically cost less when you buy them from a private seller instead of a dealer. Here’s why.
* Private owners tend to ask 20 percent less for the same car than dealers do. Dealers price their cars higher because they’ve got overhead, and their livelihood depends on the profit they make.
* Buying from a private owner cuts out the middleman and allows you to negotiate with someone who is not a professional salesperson.
* Private owners usually enjoy talking about their cars, so you can find out more about the vehicle’s true history.
* Some states don’t require you to pay sales tax on a car if you buy it from a private owner rather than a dealer.
Make sure you’re considering a decent automobile by asking the owner these important questions.
* “Why are you selling your car?” The car may have mechanical problems, so ask if you can have a mechanic check the car. If they don’t let you, steer clear of this vehicle.
* “What is the car’s mileage?” The average is 12,000 to 15,000 miles per year. An older car with lower mileage is still a good catch.
* “What needs to be worked on?” It’s a good sign if the owners answers honestly and lets you know what minor repairs the car needs.
* “May I see the car’s service records?” If they don’t have the service records, move on to another car.
* “When were the brakes last done?” and “When were the oil and filter last changed?” These answer will tell you how well the owner has taken care of the car.
All the best,
Timben
Cars automatically cost less when you buy them from a private seller instead of a dealer. Here’s why.
* Private owners tend to ask 20 percent less for the same car than dealers do. Dealers price their cars higher because they’ve got overhead, and their livelihood depends on the profit they make.
* Buying from a private owner cuts out the middleman and allows you to negotiate with someone who is not a professional salesperson.
* Private owners usually enjoy talking about their cars, so you can find out more about the vehicle’s true history.
* Some states don’t require you to pay sales tax on a car if you buy it from a private owner rather than a dealer.
Make sure you’re considering a decent automobile by asking the owner these important questions.
* “Why are you selling your car?” The car may have mechanical problems, so ask if you can have a mechanic check the car. If they don’t let you, steer clear of this vehicle.
* “What is the car’s mileage?” The average is 12,000 to 15,000 miles per year. An older car with lower mileage is still a good catch.
* “What needs to be worked on?” It’s a good sign if the owners answers honestly and lets you know what minor repairs the car needs.
* “May I see the car’s service records?” If they don’t have the service records, move on to another car.
* “When were the brakes last done?” and “When were the oil and filter last changed?” These answer will tell you how well the owner has taken care of the car.
All the best,
Timben
Used Cars – Bid for online bargains
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You can find lots of good deals on used cars through online auctions. Just remember to relax. The key to online auctions is patience. If you give yourself plenty of time to shop around for the best bargain, you’ll save thousands of dollars on your next car.
First of all, do the same research you would for any used car. Request the service records, and have a vehicle history report done on the car’s Vehicle Identification Number (VIN) at www.carfax.com. Ask the seller to have a mechanic check the car out for any problems, and have the mechanic do a test drive as well. In the meantime, does a test drive of the exact same model yourself.
Find out what the car worth by looking in Edmunds, Kelley Blue Book, and NADA.com for the retail and wholesale value. Retail is what the car would normally sell for, and wholesale is the trade-in amount a dealer would give for the car if it were in top condition.
For an online auction, any number at or below the wholesale price is a good deal. Remember to include travel and delivery costs in the equation since you’ll have to either pick up the car or have it shipped after you buy it. Decide what you’re willing to pay for the car, subtract the costs of travel and delivery, and then only bid up to that number.
Do not, under any circumstances, get caught in a bidding war. You may pay too much without thinking. Bid up to your determined price, and then walk away. Play it cool, and you’ll get a great deal.
All the best,
Timben
You can find lots of good deals on used cars through online auctions. Just remember to relax. The key to online auctions is patience. If you give yourself plenty of time to shop around for the best bargain, you’ll save thousands of dollars on your next car.
First of all, do the same research you would for any used car. Request the service records, and have a vehicle history report done on the car’s Vehicle Identification Number (VIN) at www.carfax.com. Ask the seller to have a mechanic check the car out for any problems, and have the mechanic do a test drive as well. In the meantime, does a test drive of the exact same model yourself.
Find out what the car worth by looking in Edmunds, Kelley Blue Book, and NADA.com for the retail and wholesale value. Retail is what the car would normally sell for, and wholesale is the trade-in amount a dealer would give for the car if it were in top condition.
For an online auction, any number at or below the wholesale price is a good deal. Remember to include travel and delivery costs in the equation since you’ll have to either pick up the car or have it shipped after you buy it. Decide what you’re willing to pay for the car, subtract the costs of travel and delivery, and then only bid up to that number.
Do not, under any circumstances, get caught in a bidding war. You may pay too much without thinking. Bid up to your determined price, and then walk away. Play it cool, and you’ll get a great deal.
All the best,
Timben
Monday, September 21, 2009
It pays to buy a used car
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New cars usually lose a quarter to half their value over the first two years, and then depreciation slows down. Since the average car tends to last nine years, the smartest strategy is to buy a car that is one or two years old. That way you don’t suffer the depreciation, and you save 20 to 30 percent over the cost of a new car.
You can find out how much a car will depreciate by using the Depreciation Calculators in the Calculators sections at CarPrice.com. Most likely, you’ll find a used car is the better value.
All the best,
Timben
New cars usually lose a quarter to half their value over the first two years, and then depreciation slows down. Since the average car tends to last nine years, the smartest strategy is to buy a car that is one or two years old. That way you don’t suffer the depreciation, and you save 20 to 30 percent over the cost of a new car.
You can find out how much a car will depreciate by using the Depreciation Calculators in the Calculators sections at CarPrice.com. Most likely, you’ll find a used car is the better value.
All the best,
Timben
Used Cars – Enjoy “giveaway” prices at an auction
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Have you checked with the police department in your search for a used car? From time to time, law enforcement has to thin its inventory of surplus, seized, and impounded vehicles by holding auction. They’re announced in newspapers and posted at town halls and post offices, but you can also check with your local police department.
These auctions give you the opportunity to buy cars – even luxury models – at “giveaway” prices. At first glance, an auction may look like the world’s biggest car lot, but be careful. You need to pick and choose carefully, and here’s why:
* Some of these vehicles were abandoned and impounded. They may be good for parts and salvage.
* Some were seized from criminals. They may have an “exotic” allure. But, like their previous owners, they’re often loaded with problems of their own. These cars may have been damaged in the search for drugs or weapons. You may have to replace a gas tank or make other repairs to make them roadworthy. Auctioneers usually let you know in advance about these kinds of problems.
* Department vehicles being rotated out of service may have had a rough life. But you can be sure they’ve been well maintained.
Once you’ve found a vehicle that looks interesting, check the Kelley Blue Book for its trade-in-value. If you have a computer, go to the Web site at www.kbb.com for a free appraisal. That’s the amount you’ll use as a guide in your bidding.
Then go for a sneak preview. Ask to see the car’s title, start it up, and check the transmission. Find its Vehicle Identification Number (VIN), and do a vehicle history search at www.carfax.com or www.autocheck.com.
Do all this before the auction, and when the time comes for you to bid, you’ll be in the driver’s seat.
All the best,
Timben
Have you checked with the police department in your search for a used car? From time to time, law enforcement has to thin its inventory of surplus, seized, and impounded vehicles by holding auction. They’re announced in newspapers and posted at town halls and post offices, but you can also check with your local police department.
These auctions give you the opportunity to buy cars – even luxury models – at “giveaway” prices. At first glance, an auction may look like the world’s biggest car lot, but be careful. You need to pick and choose carefully, and here’s why:
* Some of these vehicles were abandoned and impounded. They may be good for parts and salvage.
* Some were seized from criminals. They may have an “exotic” allure. But, like their previous owners, they’re often loaded with problems of their own. These cars may have been damaged in the search for drugs or weapons. You may have to replace a gas tank or make other repairs to make them roadworthy. Auctioneers usually let you know in advance about these kinds of problems.
* Department vehicles being rotated out of service may have had a rough life. But you can be sure they’ve been well maintained.
Once you’ve found a vehicle that looks interesting, check the Kelley Blue Book for its trade-in-value. If you have a computer, go to the Web site at www.kbb.com for a free appraisal. That’s the amount you’ll use as a guide in your bidding.
Then go for a sneak preview. Ask to see the car’s title, start it up, and check the transmission. Find its Vehicle Identification Number (VIN), and do a vehicle history search at www.carfax.com or www.autocheck.com.
Do all this before the auction, and when the time comes for you to bid, you’ll be in the driver’s seat.
All the best,
Timben
Used Cars – Corporate “leftovers” a bargain
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Car dealers aren’t the only companies who sell used cars. You can get good deals on used vehicles from banks, rental car agencies, airport limousine services, and corporations getting rid of their company cars.
Rental cars can be a good purchase because rental companies perform regular maintenance. The cars are usually only a year or two old, which means the rental company has already taken most of the car’s depreciation. Most rental cars still have valid factory warranties, which you won’t find at some places.
Banks and lenders auction off cars they have repossessed because the previous owner could not pay their loan. Just like any used car, you should have it checked out before you bid. But you might get a bargain since the bank just wants to pay off what’s left of the loan.
All the best,
Timben
Car dealers aren’t the only companies who sell used cars. You can get good deals on used vehicles from banks, rental car agencies, airport limousine services, and corporations getting rid of their company cars.
Rental cars can be a good purchase because rental companies perform regular maintenance. The cars are usually only a year or two old, which means the rental company has already taken most of the car’s depreciation. Most rental cars still have valid factory warranties, which you won’t find at some places.
Banks and lenders auction off cars they have repossessed because the previous owner could not pay their loan. Just like any used car, you should have it checked out before you bid. But you might get a bargain since the bank just wants to pay off what’s left of the loan.
All the best,
Timben
Used Cars – How to get a better deal
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Buying a used car is not much different than buying a new one. The main thing to remember is to prepare before you start negotiating. Knowing the value of the car you’re interested in gives you the upper hand and makes it possible to get a better deal.
You can easily research car values by looking through print guides such as Edmunds or the N.A.D.A Official Used Car Guide. They publish their statistics monthly. But if you want numbers that are even more recent, check out their Web sites. Sites like www.nadaguides.org, www.edmunds.com, and Kelley Blue Book’s site, www.kbb.com, feature prices that are sometimes updated every day.
All the best,
Timben
Buying a used car is not much different than buying a new one. The main thing to remember is to prepare before you start negotiating. Knowing the value of the car you’re interested in gives you the upper hand and makes it possible to get a better deal.
You can easily research car values by looking through print guides such as Edmunds or the N.A.D.A Official Used Car Guide. They publish their statistics monthly. But if you want numbers that are even more recent, check out their Web sites. Sites like www.nadaguides.org, www.edmunds.com, and Kelley Blue Book’s site, www.kbb.com, feature prices that are sometimes updated every day.
All the best,
Timben
A hard – but important - lesson
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Rozie was enjoying the drive home from college in her new compact car. Suddenly, she saw a piece of tire tread ahead in her lane. Because of traffic, she couldn’t avoid running over it. She heard it glance off the floor board. A little farther down the road she pulled over to check for damage. There, beneath the engine, she saw a dangling wire.
The next morning she took it to the dealer where she’d bought the car and the extended warranty. It wasn’t long before the service manager approached her with news that the oxygen sensor had been damaged and the repair would cost a little over $500. “ Boy,” Rozie thought, “am I happy I bought that extra service plan.” Between college and the new car payment, she was in no position to pay for costly repairs.
Then came the words, “Sorry, ma’am. That part isn’t covered by this warranty. It says down here in the fine print…”
Rozie now says she’s learned her lesson – the hard way. “From now on, I’m reading the whole contract, fine print and all, before I sign anything. No more expensive surprise for me.”
All the best,
Timben
Rozie was enjoying the drive home from college in her new compact car. Suddenly, she saw a piece of tire tread ahead in her lane. Because of traffic, she couldn’t avoid running over it. She heard it glance off the floor board. A little farther down the road she pulled over to check for damage. There, beneath the engine, she saw a dangling wire.
The next morning she took it to the dealer where she’d bought the car and the extended warranty. It wasn’t long before the service manager approached her with news that the oxygen sensor had been damaged and the repair would cost a little over $500. “ Boy,” Rozie thought, “am I happy I bought that extra service plan.” Between college and the new car payment, she was in no position to pay for costly repairs.
Then came the words, “Sorry, ma’am. That part isn’t covered by this warranty. It says down here in the fine print…”
Rozie now says she’s learned her lesson – the hard way. “From now on, I’m reading the whole contract, fine print and all, before I sign anything. No more expensive surprise for me.”
All the best,
Timben
New Cars – Add value to your trade-in
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Don’t get ripped off when trading in your car. Doing it right can get you the discount you deserve on your new purchase.
For starters, know your car – mileage, optional equipment, repair history, the works. Show the dealer its service record. And top it off with a vehicle history report you can obtain from Web sites like www.autocheck.com or www.carfax.com. It’s only $19.99 and gives a third-party perspective on the history of your vehicle – accident and flood damage, emissions inspections, and more.
Next, visit the Edmunds Web site at www.edmunds.com , click on Used Cars, look for Trade-In, and find two important figures – the suggested “private party” selling price of your car and the industry standard trade-in price. It’s obvious you’ll get more by selling the car yourself. But if you still want to trade it in, these pointers will help you get the top dollar.
If you do not have access to a computer, Edmunds also has books available at most bookstores and libraries.
* Avoid talking about the trade-in until you’ve settled on the price of the new car.
* See if your trade-in will reduce the sales tax on your new car.
* Make sure your engine oil is clean and topped-off. Clean oil is a sure-fire sign that the motor has been cared for.
* Clean your car inside and out. And fix everything that needs fixing. Each flaw eats away at a car’s value. That clean, well-maintained look enhances your car’s “curb appeal” and assures a higher trade-in value.
All the best,
Timben
Don’t get ripped off when trading in your car. Doing it right can get you the discount you deserve on your new purchase.
For starters, know your car – mileage, optional equipment, repair history, the works. Show the dealer its service record. And top it off with a vehicle history report you can obtain from Web sites like www.autocheck.com or www.carfax.com. It’s only $19.99 and gives a third-party perspective on the history of your vehicle – accident and flood damage, emissions inspections, and more.
Next, visit the Edmunds Web site at www.edmunds.com , click on Used Cars, look for Trade-In, and find two important figures – the suggested “private party” selling price of your car and the industry standard trade-in price. It’s obvious you’ll get more by selling the car yourself. But if you still want to trade it in, these pointers will help you get the top dollar.
If you do not have access to a computer, Edmunds also has books available at most bookstores and libraries.
* Avoid talking about the trade-in until you’ve settled on the price of the new car.
* See if your trade-in will reduce the sales tax on your new car.
* Make sure your engine oil is clean and topped-off. Clean oil is a sure-fire sign that the motor has been cared for.
* Clean your car inside and out. And fix everything that needs fixing. Each flaw eats away at a car’s value. That clean, well-maintained look enhances your car’s “curb appeal” and assures a higher trade-in value.
All the best,
Timben
New Cars – Beware the small print in service contracts
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You may be tempted to get a service contract on your new car after hearing it will cover all your repairs and provide towing and transportation while your car is in the shop.
But consider it carefully. The manufacturer’s warranty will cover almost everything on your car for several years. And your car insurance may already provide for towing and substitute transportation.
As far as taking care of “all” your vehicle repairs, that term takes on new meaning when you read the small print in the contract. You’ll find plenty of limitations.
Keep these two rules in mind when considering any optional service contract.
* You are not obligated to purchase it. And if you think you might, you don’t need to do it on the day you buy the car. Every car has its competitors. So do service contracts. Your automobile insurance company may provide an extended warranty, and it’s probably cheaper than the one offered by the dealership.
* You are obligated to know what the service contract says, fine print and all. If you expect it to cover a repair, you’d better understand what the limits, deductibles, and exclusions are. A simple technicality may negate the insurer’s responsibilities to make the repair. And what if you break down at the other end of the country? Will you have to be towed home to take advantage of the warranty?
A third point to consider is the source of this service contract. Who is backing it? The car manufacturer? The dealership? A third-party insurer? How is that third-party insurer rated? Will you be able to find it when your car is on the blink?
If you buy a service contract through the dealer, make sure you get written confirmation that the dealer paid the service contract company and that you’re “on file” with that company.
When it comes to service contracts, the last thing you want is a surprise.
All the best,
Timben
You may be tempted to get a service contract on your new car after hearing it will cover all your repairs and provide towing and transportation while your car is in the shop.
But consider it carefully. The manufacturer’s warranty will cover almost everything on your car for several years. And your car insurance may already provide for towing and substitute transportation.
As far as taking care of “all” your vehicle repairs, that term takes on new meaning when you read the small print in the contract. You’ll find plenty of limitations.
Keep these two rules in mind when considering any optional service contract.
* You are not obligated to purchase it. And if you think you might, you don’t need to do it on the day you buy the car. Every car has its competitors. So do service contracts. Your automobile insurance company may provide an extended warranty, and it’s probably cheaper than the one offered by the dealership.
* You are obligated to know what the service contract says, fine print and all. If you expect it to cover a repair, you’d better understand what the limits, deductibles, and exclusions are. A simple technicality may negate the insurer’s responsibilities to make the repair. And what if you break down at the other end of the country? Will you have to be towed home to take advantage of the warranty?
A third point to consider is the source of this service contract. Who is backing it? The car manufacturer? The dealership? A third-party insurer? How is that third-party insurer rated? Will you be able to find it when your car is on the blink?
If you buy a service contract through the dealer, make sure you get written confirmation that the dealer paid the service contract company and that you’re “on file” with that company.
When it comes to service contracts, the last thing you want is a surprise.
All the best,
Timben
New Cars – Watch for rebate savings
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Cash rebates are a great way to save big on new cars – especially cars that haven’t been hot sellers. Even those rebates offered to dealers by manufacturers figure in to your negotiations. Those rebates lower the actual dealer cost.
Keep an eye out for rebates in newspaper and television ads. If you have computer access, you can quickly check those currently available in your area. Try these sites:
* Autosite’s New Cars at www.autosite.com
* CarPrice’s Rebates & Incentives at www.carprice.com
* Edmunds’ New Cars at www.edmunds.com
* Intellichoice’s Dollars & Sense a www.intellichoice.com
All the best,
Timben
Cash rebates are a great way to save big on new cars – especially cars that haven’t been hot sellers. Even those rebates offered to dealers by manufacturers figure in to your negotiations. Those rebates lower the actual dealer cost.
Keep an eye out for rebates in newspaper and television ads. If you have computer access, you can quickly check those currently available in your area. Try these sites:
* Autosite’s New Cars at www.autosite.com
* CarPrice’s Rebates & Incentives at www.carprice.com
* Edmunds’ New Cars at www.edmunds.com
* Intellichoice’s Dollars & Sense a www.intellichoice.com
All the best,
Timben
New Cars – Master the art of haggling
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W. Somerset Maugham once wrote, “He preferred to be overcharged than to haggle.” Don’t let that statement describe you when you’re car shopping.
Haggling is the art of chipping away at high prices until you reach a bargain. Once you’ve haggled your way to a great new-car deal, you’ll drive away feeling pleased and refreshed – not drained and beaten.
Your goal is to keep your cool and remain objective. The remedy for getting emotional is to do your homework, know your stuff, and have the facts ready when the pressure is on during negotiations.
* Be prepared. Before you enter the showroom, know which car you want, its invoice price, the amount you’re willing to pay, and what your trade-in is worth. Armed with these non-negotiables, you’ll remain steady throughout the battle of wits at the dealership.
* Have a strategy. Dicker over one thing at a time – say, the purchase price. Stick with it until you have it in writing. Don’t allow anyone to sidetrack you with talk about your trade-in, the financing, extended warranties, or anything else. Talking about too many things at once gets confusing.
* Enlist support. If you need moral support, take someone along – someone you know is levelheaded and will come to your rescue when a sales clerk fluent in Dealerese starts to confuse you.
* Find a stand-in. If haggling isn’t your cup of tea, remove yourself from the fray. Free online services can arrange for dealers in your area to negotiate among themselves for your business. Check out InvoiceDealers.com, Cars.com, and Autoweb.com.
You have the key bargaining chip – one a dealer can’t use against you. As good at haggling as you may be, the time may come for you to simply walk away. That alone is a huge advantage. Don’t hesitate to use it if you have to.
All the best,
Timben
W. Somerset Maugham once wrote, “He preferred to be overcharged than to haggle.” Don’t let that statement describe you when you’re car shopping.
Haggling is the art of chipping away at high prices until you reach a bargain. Once you’ve haggled your way to a great new-car deal, you’ll drive away feeling pleased and refreshed – not drained and beaten.
Your goal is to keep your cool and remain objective. The remedy for getting emotional is to do your homework, know your stuff, and have the facts ready when the pressure is on during negotiations.
* Be prepared. Before you enter the showroom, know which car you want, its invoice price, the amount you’re willing to pay, and what your trade-in is worth. Armed with these non-negotiables, you’ll remain steady throughout the battle of wits at the dealership.
* Have a strategy. Dicker over one thing at a time – say, the purchase price. Stick with it until you have it in writing. Don’t allow anyone to sidetrack you with talk about your trade-in, the financing, extended warranties, or anything else. Talking about too many things at once gets confusing.
* Enlist support. If you need moral support, take someone along – someone you know is levelheaded and will come to your rescue when a sales clerk fluent in Dealerese starts to confuse you.
* Find a stand-in. If haggling isn’t your cup of tea, remove yourself from the fray. Free online services can arrange for dealers in your area to negotiate among themselves for your business. Check out InvoiceDealers.com, Cars.com, and Autoweb.com.
You have the key bargaining chip – one a dealer can’t use against you. As good at haggling as you may be, the time may come for you to simply walk away. That alone is a huge advantage. Don’t hesitate to use it if you have to.
All the best,
Timben
New Cars – Smart strategy for avoiding lemons
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A car under warranty that breaks down several times within a certain amount of time is, by law, a “lemon.” To avoid the frustration and expense of owning such a vehicle, get smart and learn as much as you can before you buy.
You can go online to find an official list of cars notorious for their defects. Get a heads up on these cars at:
* National Highway and Traffic Safety Administration at www-adi.nhtsa.dot.gov. Click on Defect Investigations.
* Center for Auto Safety at www.autosafety.org. Click on Lemon Laws and Auto Defects.
* Carfax at www.carfax.com. Click on Lemon Check.
According to a recent survey, Kia was the most likely lemon candidate with an average of more than five defects per vehicle. Volkswagen was next with close to four, and Mercedes-Benz had slightly more than three per vehicle. But any car can turn out to be a lemon.
Once you realize you’ve got one, find out what you’re entitled to – a refund, a cash settlement, or a replacement. Car companies usually offer to replace your lemon with a new car or give you the cash value of the car.
There are several federal lemon laws, and each state also has its own. State lemon laws vary, so check with the sites listed above to discover what your state’s law says. If you have a problem understanding the law, you can get some help at www.defect.com. Click on Lemon Links.
All the best,
Timben
A car under warranty that breaks down several times within a certain amount of time is, by law, a “lemon.” To avoid the frustration and expense of owning such a vehicle, get smart and learn as much as you can before you buy.
You can go online to find an official list of cars notorious for their defects. Get a heads up on these cars at:
* National Highway and Traffic Safety Administration at www-adi.nhtsa.dot.gov. Click on Defect Investigations.
* Center for Auto Safety at www.autosafety.org. Click on Lemon Laws and Auto Defects.
* Carfax at www.carfax.com. Click on Lemon Check.
According to a recent survey, Kia was the most likely lemon candidate with an average of more than five defects per vehicle. Volkswagen was next with close to four, and Mercedes-Benz had slightly more than three per vehicle. But any car can turn out to be a lemon.
Once you realize you’ve got one, find out what you’re entitled to – a refund, a cash settlement, or a replacement. Car companies usually offer to replace your lemon with a new car or give you the cash value of the car.
There are several federal lemon laws, and each state also has its own. State lemon laws vary, so check with the sites listed above to discover what your state’s law says. If you have a problem understanding the law, you can get some help at www.defect.com. Click on Lemon Links.
All the best,
Timben
Saturday, September 19, 2009
New Cars – How to handle a long test drive
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Car makers have found that a day-long test drive is pretty effective at clouding customer’s good judgment. If you decide to take the dealer up on a 24-hour test drive, treat it like serious business. Don’t let the pleasure of driving a new car make you forget to seriously critique the car and negotiate for a bargain.
Here are some suggestions for how to spend the day.
* Dedicate some time to drive with no distractions. Concentrate on the car – not the kids, radio, or cell phone.
* Critique the car in light of how you’ll use it – carrying babies in car seats, hauling soccer teams and groceries, or simply commuting.
* Check the view. How is the rear and side vision? How is the view at night? Any blind spots?
* How does it handle – turning radius, driveway maneuverability, garage fit, highway-speed stability, acceleration for entering the highway?
* Are controls visible and within reach? Check instruments and accessories – day and night dash visibility, radio, A/C, mirror adjustment, seat and steering wheel adjustment.
* Do doors open and close effortlessly? How easy is it to access passenger and engine compartments, trunk, roof rack? Hear any rattles or squeaks?
When it’s over, and you return the car, simply say “thank you.” Then leave, go home, and think about it. The marketing ploy behind the 24-hour test drive is to get you to fall in love with the car and buy it without negotiating price. That would be an expensive mistake.
All the best,
Timben
Car makers have found that a day-long test drive is pretty effective at clouding customer’s good judgment. If you decide to take the dealer up on a 24-hour test drive, treat it like serious business. Don’t let the pleasure of driving a new car make you forget to seriously critique the car and negotiate for a bargain.
Here are some suggestions for how to spend the day.
* Dedicate some time to drive with no distractions. Concentrate on the car – not the kids, radio, or cell phone.
* Critique the car in light of how you’ll use it – carrying babies in car seats, hauling soccer teams and groceries, or simply commuting.
* Check the view. How is the rear and side vision? How is the view at night? Any blind spots?
* How does it handle – turning radius, driveway maneuverability, garage fit, highway-speed stability, acceleration for entering the highway?
* Are controls visible and within reach? Check instruments and accessories – day and night dash visibility, radio, A/C, mirror adjustment, seat and steering wheel adjustment.
* Do doors open and close effortlessly? How easy is it to access passenger and engine compartments, trunk, roof rack? Hear any rattles or squeaks?
When it’s over, and you return the car, simply say “thank you.” Then leave, go home, and think about it. The marketing ploy behind the 24-hour test drive is to get you to fall in love with the car and buy it without negotiating price. That would be an expensive mistake.
All the best,
Timben
New Cars – Get a deal on the lot
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You drive by the dealership every day on your way to work. One car has caught your eye. It’s on the lot for weeks. It’s not the color you’d hoped for – but if the price is right, it may be time to make an offer.
The longer that car sits on the lot, the more expensive it is for the dealer. It may have some options you don’t need or want. Ask if he’ll remove them and reduce the price. Or, better still, see if he’ll remove them in as a bonus for the favor you’ve done him by helping him get rid that slow-moving inventory.
All the best,
Timben
You drive by the dealership every day on your way to work. One car has caught your eye. It’s on the lot for weeks. It’s not the color you’d hoped for – but if the price is right, it may be time to make an offer.
The longer that car sits on the lot, the more expensive it is for the dealer. It may have some options you don’t need or want. Ask if he’ll remove them and reduce the price. Or, better still, see if he’ll remove them in as a bonus for the favor you’ve done him by helping him get rid that slow-moving inventory.
All the best,
Timben
New Cars – Tips for timing it right
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Timing is everything when it comes to getting a great deal. Knowing when to buy can save you a bundle. It helps to make your move when salesmen are weary, distracted, and under pressure, say industry insiders. Here are the secrets to striking dealerships for great deals.
* Wait until the end of the month. Dealers face unmet quotas, so they’re willing to sell at a discount. Manufacturers get it on it, too, offering low rates and rebates.
* Shop late in the day. Salesman may be tired and ready to go home. Assure them that you want that car, but drag it out. Your salesman’s eagerness to leave may prompt him to make you a great deal.
* Keep an eye on the business section of your paper. When sales are sluggish, manufacturers and dealers alike are ripe for picking your car at a bargain.
* January, April, and May are slow months for auto sales. Showrooms are deserted. Sales are slow. It’s a great time to buy. Or, if you don’t need a model hot off the assembly line, wait until the end of the year. New models arrive in the fall. Dealers are eager to swing deals on last year’s models.
* The Christmas holidays are also a great time to shop if you can find the time. Dealers want to reduce inventory, so they’ll be willing to sell you this year’s stock at invoice – or less.
A rainy weekend, a holiday, an hour before closing – these put you in the driver’s seat when it comes to car shopping. Use them to your advantage, and you’ll come out ahead.
All the best,
Timben
Timing is everything when it comes to getting a great deal. Knowing when to buy can save you a bundle. It helps to make your move when salesmen are weary, distracted, and under pressure, say industry insiders. Here are the secrets to striking dealerships for great deals.
* Wait until the end of the month. Dealers face unmet quotas, so they’re willing to sell at a discount. Manufacturers get it on it, too, offering low rates and rebates.
* Shop late in the day. Salesman may be tired and ready to go home. Assure them that you want that car, but drag it out. Your salesman’s eagerness to leave may prompt him to make you a great deal.
* Keep an eye on the business section of your paper. When sales are sluggish, manufacturers and dealers alike are ripe for picking your car at a bargain.
* January, April, and May are slow months for auto sales. Showrooms are deserted. Sales are slow. It’s a great time to buy. Or, if you don’t need a model hot off the assembly line, wait until the end of the year. New models arrive in the fall. Dealers are eager to swing deals on last year’s models.
* The Christmas holidays are also a great time to shop if you can find the time. Dealers want to reduce inventory, so they’ll be willing to sell you this year’s stock at invoice – or less.
A rainy weekend, a holiday, an hour before closing – these put you in the driver’s seat when it comes to car shopping. Use them to your advantage, and you’ll come out ahead.
All the best,
Timben
New Cars – Opt for the options you need
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You probably know which accessories are important to you in a car. But when you get to the dealership, you may discover some you never knew existed. Such options can greatly inflate the price of your car. Don’t let dealers rip you off this way. By avoiding the options scam, you’ll save plenty the next time you buy a new car.
The list of available options may seem overwhelming. You can choose air bags, air-conditioning, antilock brakes, antitheft packages, colors and finishers, cruise control, power features (locks, windows, doors, mirrors, seats), roof racks, sound systems, wheels, and window tinting to name few.
The main thing to consider your needs and decide which options are most useful to you. If you plan to eventually resell the car, you also may want to consider those that help your resale value.
Some options come as standard equipment on certain vehicles, and others come bundled together in packages. Option packages are often used as sales promotions and can save you money. But watch out for things like window etching and extended warranties that may be slipped in by dealer as though they’re not options at all. These are often their money makers.
To check out vehicle options, browse through publications like Road & Track, Car and Driver, Motor Trend or their Web sites for reviews. Manufacturers’ Web sites also offer information on factory options and how much they cost. Try www.automobiles.honda.com, www.toyota.com, and www.daimlerchrysler.com to see what they offer.
Once you decide on your options, add them up to see how much they will add to the basic cost of the car. You will then be prepared when you approach the dealership, and you’ll have a better chance of driving away with the options you want.
All the best,
Timben
You probably know which accessories are important to you in a car. But when you get to the dealership, you may discover some you never knew existed. Such options can greatly inflate the price of your car. Don’t let dealers rip you off this way. By avoiding the options scam, you’ll save plenty the next time you buy a new car.
The list of available options may seem overwhelming. You can choose air bags, air-conditioning, antilock brakes, antitheft packages, colors and finishers, cruise control, power features (locks, windows, doors, mirrors, seats), roof racks, sound systems, wheels, and window tinting to name few.
The main thing to consider your needs and decide which options are most useful to you. If you plan to eventually resell the car, you also may want to consider those that help your resale value.
Some options come as standard equipment on certain vehicles, and others come bundled together in packages. Option packages are often used as sales promotions and can save you money. But watch out for things like window etching and extended warranties that may be slipped in by dealer as though they’re not options at all. These are often their money makers.
To check out vehicle options, browse through publications like Road & Track, Car and Driver, Motor Trend or their Web sites for reviews. Manufacturers’ Web sites also offer information on factory options and how much they cost. Try www.automobiles.honda.com, www.toyota.com, and www.daimlerchrysler.com to see what they offer.
Once you decide on your options, add them up to see how much they will add to the basic cost of the car. You will then be prepared when you approach the dealership, and you’ll have a better chance of driving away with the options you want.
All the best,
Timben
New Cars – Search slowly for better savings
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Don’t wait until your old clunker dies to start your new car search. If you know you’ll be in the market soon, it makes sense to gather information about prices, performance, safety features, and reliability on cars you’re interested in.
Putting yourself in a pressure situation could cost you. Dealers will drive harder bargain if they sense your eagerness to buy. An unhurried approach makes salesmen hungrier for a sale and more willing to deal.
So take your time, shop around, and make a wise decision – before you even have to.
All the best,
Timben
Don’t wait until your old clunker dies to start your new car search. If you know you’ll be in the market soon, it makes sense to gather information about prices, performance, safety features, and reliability on cars you’re interested in.
Putting yourself in a pressure situation could cost you. Dealers will drive harder bargain if they sense your eagerness to buy. An unhurried approach makes salesmen hungrier for a sale and more willing to deal.
So take your time, shop around, and make a wise decision – before you even have to.
All the best,
Timben
New Cars – Wise ways to stick to your budget
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The bottom line for determining what you can afford for a new car is your available cash – a question of savings – and, if you finance, how much debt you can afford.
You should already have a household budget that tells you how much of your income is available for a car loan. If not, figure your auto allowance by subtracting your monthly expenses from your monthly income. Your car payment can come from what’s left over after regular expenses and obligation like rent or mortgage, utilities, and groceries.
Next, find out how much the car you’d like to buy will actually cost. Include all car-related expenses like fuel, insurance, maintenance, tags, and taxes.
If you have a computer, you can go online for help in figuring out your car budget. Intellichoice at www.intellichoice.com has a page of calculators, one of which figures “What car can I afford?”
A simple rule of thumb is the “20 percent rule.” It says you should spend no more than 20 percent of your monthly take home income on automobile expenses. By setting a limit like this, you won’t be tempted to buy more than you can afford. It also will help you be a more cost-conscious car owner.
Beware of devious ways dealers attempt to make cars more affordable.
* Low-cost leases. You may have lower payments, but when the lease ends, you own nothing.
* Loans that will outlive the car.
* Financing that ends with you owing more on the car than the car is worth.
Finally, what you can afford depends on your skill at negotiating the purchase. The lower your final price, the more money in your pocket. So stay on the target you’ve come up with, and negotiate for the price you want.
All the best,
Timben
The bottom line for determining what you can afford for a new car is your available cash – a question of savings – and, if you finance, how much debt you can afford.
You should already have a household budget that tells you how much of your income is available for a car loan. If not, figure your auto allowance by subtracting your monthly expenses from your monthly income. Your car payment can come from what’s left over after regular expenses and obligation like rent or mortgage, utilities, and groceries.
Next, find out how much the car you’d like to buy will actually cost. Include all car-related expenses like fuel, insurance, maintenance, tags, and taxes.
If you have a computer, you can go online for help in figuring out your car budget. Intellichoice at www.intellichoice.com has a page of calculators, one of which figures “What car can I afford?”
A simple rule of thumb is the “20 percent rule.” It says you should spend no more than 20 percent of your monthly take home income on automobile expenses. By setting a limit like this, you won’t be tempted to buy more than you can afford. It also will help you be a more cost-conscious car owner.
Beware of devious ways dealers attempt to make cars more affordable.
* Low-cost leases. You may have lower payments, but when the lease ends, you own nothing.
* Loans that will outlive the car.
* Financing that ends with you owing more on the car than the car is worth.
Finally, what you can afford depends on your skill at negotiating the purchase. The lower your final price, the more money in your pocket. So stay on the target you’ve come up with, and negotiate for the price you want.
All the best,
Timben
New Cars – Beware of ad appeal
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Dealers give bargains to customers who’ve done their homework, shopped the Web, and know what’s up at rival dealerships. The secret to getting what you want is to stay focused when you enter the showroom.
If you’ve done your homework and settled on a particular car, don’t sabotage your efforts by listening to other sales promotions and slick advertising. Rebates, financing, or other models on the lot are more distractions to watch out for.
Your goal is to leave in the car you came to buy, not one you buy on impulse.
All the best,
Timben
Dealers give bargains to customers who’ve done their homework, shopped the Web, and know what’s up at rival dealerships. The secret to getting what you want is to stay focused when you enter the showroom.
If you’ve done your homework and settled on a particular car, don’t sabotage your efforts by listening to other sales promotions and slick advertising. Rebates, financing, or other models on the lot are more distractions to watch out for.
Your goal is to leave in the car you came to buy, not one you buy on impulse.
All the best,
Timben
New Cars – Shop around to save $$
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Does saving hundreds, even thousands, of dollars appeal to you? Then visit, call, or inquire online for prices from at least five dealerships. Don’t be shy about telling them you are price shopping. Get them to bid against each other.
Gain an added advantage by approaching each dealer with your research in hand. Have the dealer’s invoice. That’s your point of beginning in the bidding process.
Make sure their bids include all sale-related costs, such as taxes and destination fees. And get them in writing.
All the best,
Timben
Does saving hundreds, even thousands, of dollars appeal to you? Then visit, call, or inquire online for prices from at least five dealerships. Don’t be shy about telling them you are price shopping. Get them to bid against each other.
Gain an added advantage by approaching each dealer with your research in hand. Have the dealer’s invoice. That’s your point of beginning in the bidding process.
Make sure their bids include all sale-related costs, such as taxes and destination fees. And get them in writing.
All the best,
Timben
New Cars – Know your score for better rates
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“Your credit score isn’t good enough for our low rates.”
That’s one line slick salesman might try against you to get your money. If you don’t know any better, they’ve got you over a barrel. You’ll pay too much. But walk in with your credit report in hand. It’s an advantage, even if you find it needs repair. Once you know your score, you can do something about it.
Your credit report is available from the major credit reporting agencies. A new law states you can order one for free once each year.
* Equifax www.equifax.com 800-686-1111
* Experian www.experian.com 888-397-3742
* Trans Union www.transunion.com 800-916-8800
All the best,
Timben
“Your credit score isn’t good enough for our low rates.”
That’s one line slick salesman might try against you to get your money. If you don’t know any better, they’ve got you over a barrel. You’ll pay too much. But walk in with your credit report in hand. It’s an advantage, even if you find it needs repair. Once you know your score, you can do something about it.
Your credit report is available from the major credit reporting agencies. A new law states you can order one for free once each year.
* Equifax www.equifax.com 800-686-1111
* Experian www.experian.com 888-397-3742
* Trans Union www.transunion.com 800-916-8800
All the best,
Timben
New Cars – Wise up to your loan options
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Save up to pay cash for a car, and you’ll save yourself thousands of dollars in interest charges. But if you have to finance it, you can save by arranging for a loan before you even enter the dealership. That way, you can choose your own terms and not feel pressured to take the dealer’s financing.
It helps to have your credit score in hand so you can prove you’re eligible for the best rates. If your score is on the low side, you may want to take steps to improve it before you apply for a car loan.
Loan sources range from credit unions to banks to online lenders. If you have a computer, that’s one of the easiest places to begin shopping. Lenders like E-LOAN at www.eloan.com and CapitalOne at www.capitaloneautofinance.com are great sources of competitive loans. Application is free and rates are guaranteed for 30 to 45 days.
Some lending services actually send your loan inquiry to several banks that respond with bids for your business. One example is LendingTree.com at www.lendingtree.com or 800-411-8733.
One benefit with online lenders is that you won’t have application fees or hidden finance charges. But if an online loan isn’t right for you or you just want to use the Web to gather information, then visit your bank or credit union next. Let them know you’ve been shopping for a deal, and you’re familiar with interest rates.
After you find some possible loans, you can plug the rates, fees, and length of payment term into an online calculator. One place to check is www.myfico.com under Calculators. It will help you get a true picture of how much you’ll pay for your car and what it’s going to cost each month.
After you have your financing squared away , you can confidently negotiate with the dealer to get the best price on your new car.
All the best,
Timben
Save up to pay cash for a car, and you’ll save yourself thousands of dollars in interest charges. But if you have to finance it, you can save by arranging for a loan before you even enter the dealership. That way, you can choose your own terms and not feel pressured to take the dealer’s financing.
It helps to have your credit score in hand so you can prove you’re eligible for the best rates. If your score is on the low side, you may want to take steps to improve it before you apply for a car loan.
Loan sources range from credit unions to banks to online lenders. If you have a computer, that’s one of the easiest places to begin shopping. Lenders like E-LOAN at www.eloan.com and CapitalOne at www.capitaloneautofinance.com are great sources of competitive loans. Application is free and rates are guaranteed for 30 to 45 days.
Some lending services actually send your loan inquiry to several banks that respond with bids for your business. One example is LendingTree.com at www.lendingtree.com or 800-411-8733.
One benefit with online lenders is that you won’t have application fees or hidden finance charges. But if an online loan isn’t right for you or you just want to use the Web to gather information, then visit your bank or credit union next. Let them know you’ve been shopping for a deal, and you’re familiar with interest rates.
After you find some possible loans, you can plug the rates, fees, and length of payment term into an online calculator. One place to check is www.myfico.com under Calculators. It will help you get a true picture of how much you’ll pay for your car and what it’s going to cost each month.
After you have your financing squared away , you can confidently negotiate with the dealer to get the best price on your new car.
All the best,
Timben
Friday, September 18, 2009
New Cars – Homework pays off in better deals
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The last person you should ask about the price of a new car is a car salesman. To him, uninformed shoppers equal big commissions and huge profits. So, do some homework and save your money. Position yourself to be the one who decides how much you’ll pay for your next car.
You can find information on autos, options, and accessories in books and online. Sources like the Kelly Blue Book, Edmunds.com, and Consumer Reports offer car shopping pointers, detailed descriptions and comparisons of every new vehicle, definitions of terms, and, of course, prices.
Begin your quest with one basic question – how much does the car I want really cost? If you call a dealer and ask, the first figures you’ll hear will be “sticker price” or “MSRP” (manufacturer’s suggested retail price). But the hunt for a great deal has to start with “dealer invoice” – the price the dealer pays for the car. Dealers hope to keep that a secret, so you’ll have to find it yourself. Plan to bargain up from invoice, not down from MSRP.
Next, figure out the amount they plan to make on this car. It will typically be between 10 to 20 percent. You can find the actual “profit factor” by dividing the dealer’s cost (which you’ve dug up) by the MSRP, then subtracting that amount from 1. Knowing this percentage will let you figure for yourself how much you’ll allow the dealer to profit from the sale. If you’re generous, offer him 3 percent. That would be a $750 profit on a $25,000 automobile.
If you have access to a computer, visit auto manufacturer’s Web sites. There you’ll unearth special offers, promotions, and rebates being offered on select models. These mean added bonuses and price reductions.
Finally, construct your bid and start shopping. If you’d like to spare yourself the discomfort of face-to-face negotiations with a salesman, visit dealer’s Web sites and make your offer online. Or visit sites such as Autobytel at www.autobytel.com or AutoWeb at www.autoweb.com.
All the best,
Timben
The last person you should ask about the price of a new car is a car salesman. To him, uninformed shoppers equal big commissions and huge profits. So, do some homework and save your money. Position yourself to be the one who decides how much you’ll pay for your next car.
You can find information on autos, options, and accessories in books and online. Sources like the Kelly Blue Book, Edmunds.com, and Consumer Reports offer car shopping pointers, detailed descriptions and comparisons of every new vehicle, definitions of terms, and, of course, prices.
Begin your quest with one basic question – how much does the car I want really cost? If you call a dealer and ask, the first figures you’ll hear will be “sticker price” or “MSRP” (manufacturer’s suggested retail price). But the hunt for a great deal has to start with “dealer invoice” – the price the dealer pays for the car. Dealers hope to keep that a secret, so you’ll have to find it yourself. Plan to bargain up from invoice, not down from MSRP.
Next, figure out the amount they plan to make on this car. It will typically be between 10 to 20 percent. You can find the actual “profit factor” by dividing the dealer’s cost (which you’ve dug up) by the MSRP, then subtracting that amount from 1. Knowing this percentage will let you figure for yourself how much you’ll allow the dealer to profit from the sale. If you’re generous, offer him 3 percent. That would be a $750 profit on a $25,000 automobile.
If you have access to a computer, visit auto manufacturer’s Web sites. There you’ll unearth special offers, promotions, and rebates being offered on select models. These mean added bonuses and price reductions.
Finally, construct your bid and start shopping. If you’d like to spare yourself the discomfort of face-to-face negotiations with a salesman, visit dealer’s Web sites and make your offer online. Or visit sites such as Autobytel at www.autobytel.com or AutoWeb at www.autoweb.com.
All the best,
Timben
You really can do it yourself
.
One determined bargain hunter had a plan to frame between 20 ad 30 pictures, and he knew it would cost him a fortune to have them all professionally done. He decided to go to a frame shop where they let customers do the work in exchange for waiving the labor costs. The employees helped him pick out the frame, the matting, and the glass. Then they charged him a one-time fee of $8 to use their equipments and supplies.
He and his wife came to the shop three nights in a row to work on the framing. Because the pictures were all different sizes, the labor costs the couple would have paid ranged from $25 to $80 per picture. At the end of the project, the two of them had saved more than $1000 in labor charges. Since the $8 equipment charge was a one-time fee, they saved more money with every picture they framed themselves, and they even had fun in the process.
All the best,
Timben
One determined bargain hunter had a plan to frame between 20 ad 30 pictures, and he knew it would cost him a fortune to have them all professionally done. He decided to go to a frame shop where they let customers do the work in exchange for waiving the labor costs. The employees helped him pick out the frame, the matting, and the glass. Then they charged him a one-time fee of $8 to use their equipments and supplies.
He and his wife came to the shop three nights in a row to work on the framing. Because the pictures were all different sizes, the labor costs the couple would have paid ranged from $25 to $80 per picture. At the end of the project, the two of them had saved more than $1000 in labor charges. Since the $8 equipment charge was a one-time fee, they saved more money with every picture they framed themselves, and they even had fun in the process.
All the best,
Timben
Framing on a dime
.
So you got a great deal on that piece of art. Now don’t break the bank framing it. Here are a few cheap alternatives to having a piece of art professionally framed.
* Find a frame shop where you get a discount for doing some of the work. Most of the time, they’ll even supervise and give help when you need it.
* If you have your own miter saw, save money by building your own frame. Just leave the matting to the professionals, since it tends to be more complicated and requires special tools.
* Check out yard sales in your area. If you know the measurements of the print, you might find a used frame at a rock-bottom price. That still leaves assembly, matting, and maybe even glass, but ultimately the total cost will be lower.
* Keep costs down by buying your supplies a-la-carte and letting the professionals do the rest. Look for your mat, frame, and glass at craft stores where pieces are sold separately in standard sizes.
* Enjoy arts-and-crafts? There are tons of ways to keep your framing expenses down when you’re willing to get a little crafty. Check out craft magazines to learn how to make one-of-a-kind frames using household items and things from nature. For more ideas, browse Web sites like www.diynet.com and www.hgtv.com.
All the best,
Timben
So you got a great deal on that piece of art. Now don’t break the bank framing it. Here are a few cheap alternatives to having a piece of art professionally framed.
* Find a frame shop where you get a discount for doing some of the work. Most of the time, they’ll even supervise and give help when you need it.
* If you have your own miter saw, save money by building your own frame. Just leave the matting to the professionals, since it tends to be more complicated and requires special tools.
* Check out yard sales in your area. If you know the measurements of the print, you might find a used frame at a rock-bottom price. That still leaves assembly, matting, and maybe even glass, but ultimately the total cost will be lower.
* Keep costs down by buying your supplies a-la-carte and letting the professionals do the rest. Look for your mat, frame, and glass at craft stores where pieces are sold separately in standard sizes.
* Enjoy arts-and-crafts? There are tons of ways to keep your framing expenses down when you’re willing to get a little crafty. Check out craft magazines to learn how to make one-of-a-kind frames using household items and things from nature. For more ideas, browse Web sites like www.diynet.com and www.hgtv.com.
All the best,
Timben
How to find the perfect poster
.
You can find great posters and prints online at reasonable prices. These sites are good places to look for replicas of your favorite artwork.
* www.postercheckout.com
* www.art.com
* www.AllPosters.com
* www.postershop.com
* www.easyart.com
Before you buy a framed poster, check out framing prices at arts and crafts stores, like Hobby Lobby and Michaels. You may find it’s cheaper to have the prints framed locally or to frame them yourself . Also, when you calculate the cost of the print, include fees like shipping and handling before you commit to the purchase.
All the best,
Timben
You can find great posters and prints online at reasonable prices. These sites are good places to look for replicas of your favorite artwork.
* www.postercheckout.com
* www.art.com
* www.AllPosters.com
* www.postershop.com
* www.easyart.com
Before you buy a framed poster, check out framing prices at arts and crafts stores, like Hobby Lobby and Michaels. You may find it’s cheaper to have the prints framed locally or to frame them yourself . Also, when you calculate the cost of the print, include fees like shipping and handling before you commit to the purchase.
All the best,
Timben
Learn from the experts
.
Many auction houses offer lectures, courses, and other programs to help collectors learn more about various aspects of art and collectibles. Sometimes they’re free. Sometimes you’ll have to pay a small fee. Contact an auction house near you for more information.
All the best,
Timben
Many auction houses offer lectures, courses, and other programs to help collectors learn more about various aspects of art and collectibles. Sometimes they’re free. Sometimes you’ll have to pay a small fee. Contact an auction house near you for more information.
All the best,
Timben
Art that won’t cost an arm and a leg
.
Look for interesting pieces of high-quality art at an art museum sale. By keeping an eye out for sales and shopping around for the best values, your home will be adorned with classy collection of art in no time. Whether you visit in person or online, an art museum may be the best place to find art that will enhance your home without enhancing your credit card bill.
Visit your local art, natural history, or science museum to see what art-work is available for purchase. For the more technologically inclined art fan, many museums have Web Sites where you can shop online.
The Art Institute of Chicago has an impressive collection of canvases, framed artwork, matted prints, posters, and wall décor available for purchase online. Once you’ve accessed their site at www.artic.edu , follow the links to the museum shop where you can browse not only art, but books, jewelry, stationary, and home furnishings.
A similarly impressive collection can be found at www.metmuseum.org , The Metropolitan Museum of Art’s official Web site. Click on The Met Store link to check out posters, panels, framed prints, and even sculptures.
The Online Shop for the Museum of Fine Arts, Boston, also has some gorgeous matted prints and other reproductions based on artwork from their exhibits at www.mfa.org/shop. Make sure to check out their sale section where products have been marked down by as much as 65 percent.
All the best,
Timben
Look for interesting pieces of high-quality art at an art museum sale. By keeping an eye out for sales and shopping around for the best values, your home will be adorned with classy collection of art in no time. Whether you visit in person or online, an art museum may be the best place to find art that will enhance your home without enhancing your credit card bill.
Visit your local art, natural history, or science museum to see what art-work is available for purchase. For the more technologically inclined art fan, many museums have Web Sites where you can shop online.
The Art Institute of Chicago has an impressive collection of canvases, framed artwork, matted prints, posters, and wall décor available for purchase online. Once you’ve accessed their site at www.artic.edu , follow the links to the museum shop where you can browse not only art, but books, jewelry, stationary, and home furnishings.
A similarly impressive collection can be found at www.metmuseum.org , The Metropolitan Museum of Art’s official Web site. Click on The Met Store link to check out posters, panels, framed prints, and even sculptures.
The Online Shop for the Museum of Fine Arts, Boston, also has some gorgeous matted prints and other reproductions based on artwork from their exhibits at www.mfa.org/shop. Make sure to check out their sale section where products have been marked down by as much as 65 percent.
All the best,
Timben
Thursday, September 17, 2009
Download missing owner’s manuals
.
You’ve inherited or purchased a great pre-owned appliance. The problem is no paperwork came with it - including the owner’s manual.
Just brush the dust or scrape the frost away from the placard with the model number on it, write it down, and get ready to spend a few minutes in front of your computer.
Some manufacturer’s websites, like www.maytag.com or www.geappliances.com, offer downloadable manuals, some free of charge. Other sites, like www.livemanuals.com, provide free online manuals for a variety of manufacturers and appliances.
All the best,
Timben
You’ve inherited or purchased a great pre-owned appliance. The problem is no paperwork came with it - including the owner’s manual.
Just brush the dust or scrape the frost away from the placard with the model number on it, write it down, and get ready to spend a few minutes in front of your computer.
Some manufacturer’s websites, like www.maytag.com or www.geappliances.com, offer downloadable manuals, some free of charge. Other sites, like www.livemanuals.com, provide free online manuals for a variety of manufacturers and appliances.
All the best,
Timben
Keep appliances in tip-top shape
.
Your appliances need tender loving care to keep them healthy. Follow this simple maintenance routine, and you’ll keep them going strong for many years.
Kitchen appliances need a checkup about twice a year. Begin with your refrigerator.
* First, open the doors and check the gaskets that seal the cooling compartments. They should form an airtight seal against the frame. If they’re cracked, have them replaced. Otherwise, just wash the gasket and frame with warm, soapy water.
* Clean the cooling fan and condenser coils. They’re usually underneath, or in back of, your refrigerator. Use a brush designed especially to clean these delicate parts. Accumulated dust reduces your refrigerator’s efficiency.
* Replace your icemaker filter every six months. It removes odors that make ice taste and smell badly.
* Check the walls of your freezer for frost buildup. If you have it, there’s trouble in your self-defrosting system. To remove excess frost, defrost the freezer. Don’t scrape it out with a tool.
Next, tend to your stove. Check the drip pans and broiler pans. If they’re too dirty to clean, replace them. Replacements are inexpensive and easy to find. Don’t cover drip pans with aluminum foil. It keeps ovens from venting properly and can short-circuit electric stoves.
Take a good look at your dish-washer. Clean or replace the filter. Dirty or damaged filters affect the dishwasher’s pump and motor seals. Make sure the little holes in the spray arms are open and free of debris. Check for rust on the dishwasher’s racks and repair or replace them if they are rusty. Tiny pieces of rust can damage the water pump.
Now head to your laundry room. Investigate these things on your washer twice a year.
* Water fill hoses for signs of leaks and aging. Even little leaks can have disastrous effects on your house. Replace those hoses every three to five years.
* Water dripping into the tub when it’s turned off. This is a sign of a bad water inlet valve.
* A level washer on a well-supported floor. If either if these isn’t up to snuff, the washer’s own weight and movement contribute to that horrible banging during rinse cycles, not to mention the early death of your machine.
Twice a year, get rid of dryer lint buildup by cleaning the vent that leads outside your house. Dryer vent brushes from 10 to 20 feet long make this messy job a cinch. If you notice the vent tube between the dryer and the wall is white vinyl, replace it. These no longer meet code. Rigid aluminum vent pipe is best.
All the best,
Timben
Your appliances need tender loving care to keep them healthy. Follow this simple maintenance routine, and you’ll keep them going strong for many years.
Kitchen appliances need a checkup about twice a year. Begin with your refrigerator.
* First, open the doors and check the gaskets that seal the cooling compartments. They should form an airtight seal against the frame. If they’re cracked, have them replaced. Otherwise, just wash the gasket and frame with warm, soapy water.
* Clean the cooling fan and condenser coils. They’re usually underneath, or in back of, your refrigerator. Use a brush designed especially to clean these delicate parts. Accumulated dust reduces your refrigerator’s efficiency.
* Replace your icemaker filter every six months. It removes odors that make ice taste and smell badly.
* Check the walls of your freezer for frost buildup. If you have it, there’s trouble in your self-defrosting system. To remove excess frost, defrost the freezer. Don’t scrape it out with a tool.
Next, tend to your stove. Check the drip pans and broiler pans. If they’re too dirty to clean, replace them. Replacements are inexpensive and easy to find. Don’t cover drip pans with aluminum foil. It keeps ovens from venting properly and can short-circuit electric stoves.
Take a good look at your dish-washer. Clean or replace the filter. Dirty or damaged filters affect the dishwasher’s pump and motor seals. Make sure the little holes in the spray arms are open and free of debris. Check for rust on the dishwasher’s racks and repair or replace them if they are rusty. Tiny pieces of rust can damage the water pump.
Now head to your laundry room. Investigate these things on your washer twice a year.
* Water fill hoses for signs of leaks and aging. Even little leaks can have disastrous effects on your house. Replace those hoses every three to five years.
* Water dripping into the tub when it’s turned off. This is a sign of a bad water inlet valve.
* A level washer on a well-supported floor. If either if these isn’t up to snuff, the washer’s own weight and movement contribute to that horrible banging during rinse cycles, not to mention the early death of your machine.
Twice a year, get rid of dryer lint buildup by cleaning the vent that leads outside your house. Dryer vent brushes from 10 to 20 feet long make this messy job a cinch. If you notice the vent tube between the dryer and the wall is white vinyl, replace it. These no longer meet code. Rigid aluminum vent pipe is best.
All the best,
Timben
When to buy an extended warranty
.
Extended warranties are an expensive option offered for all big-ticket appliances. They’re insurance policies covering repairs once the manufacturer’s warranty lapses. They’ve long been a cash cow for vendors because so few policyholders actually take advantage of them.
Most consumer experts don’t recommend extended warranties except for products notorious for frequent breakdowns and repair - a problem not characteristic of time-tested, tried-and-true major appliances.
But to give extended warranties a fair hearing, follow these steps.
* Investigate the repair history and overall reliability of the appliance and brand name in question. It’s easy to find this information online or in consumer magazines. Who wants a lemon, regardless of the warranty’s coverage?
* Know who’s covering the warranty. Third party warranties are the least reliable. Those from the dealer, if it’s nearby, are better, but manufacturer’s warranties are the best. Once you’ve mailed in the product registration card, the manufacturer is likely to contact you about extending your warranty. Ponder which of these three is most likely too remain in business throughout the life of your appliance, and which will be easiest to track down when you need help.
* Know what the warranty says. What’s covered? Parts? Labor? Does it mention exclusions and deductibles? Are you responsible for getting estimates and second opinions or for shipping your appliance to a repair center? Will it pay for clothes burned in a faulty dryer or food ruined in a malfunctioning freezer? Does it provide for a loaner while your appliance is out of commission?
If you have a warranty, whether it’s the manufacturer’s original or an extended plan, keep all paperwork where you can find it. Without it, your warranty will be useless when it comes time to make a claim.
Perhaps the best insurance for appliance repairs is the “cookie jar” installment plan. It involves dividing the amount you’d pay for a warranty into weekly or monthly increments and setting it aside in an appliance-repair account. The funds in this account will be yours to use long after the extended warranty lapses, and you’ll have it available for service and repairs on any of your major appliances - or replacement of less-expensive, smaller appliances.
All the best,
Timben
Extended warranties are an expensive option offered for all big-ticket appliances. They’re insurance policies covering repairs once the manufacturer’s warranty lapses. They’ve long been a cash cow for vendors because so few policyholders actually take advantage of them.
Most consumer experts don’t recommend extended warranties except for products notorious for frequent breakdowns and repair - a problem not characteristic of time-tested, tried-and-true major appliances.
But to give extended warranties a fair hearing, follow these steps.
* Investigate the repair history and overall reliability of the appliance and brand name in question. It’s easy to find this information online or in consumer magazines. Who wants a lemon, regardless of the warranty’s coverage?
* Know who’s covering the warranty. Third party warranties are the least reliable. Those from the dealer, if it’s nearby, are better, but manufacturer’s warranties are the best. Once you’ve mailed in the product registration card, the manufacturer is likely to contact you about extending your warranty. Ponder which of these three is most likely too remain in business throughout the life of your appliance, and which will be easiest to track down when you need help.
* Know what the warranty says. What’s covered? Parts? Labor? Does it mention exclusions and deductibles? Are you responsible for getting estimates and second opinions or for shipping your appliance to a repair center? Will it pay for clothes burned in a faulty dryer or food ruined in a malfunctioning freezer? Does it provide for a loaner while your appliance is out of commission?
If you have a warranty, whether it’s the manufacturer’s original or an extended plan, keep all paperwork where you can find it. Without it, your warranty will be useless when it comes time to make a claim.
Perhaps the best insurance for appliance repairs is the “cookie jar” installment plan. It involves dividing the amount you’d pay for a warranty into weekly or monthly increments and setting it aside in an appliance-repair account. The funds in this account will be yours to use long after the extended warranty lapses, and you’ll have it available for service and repairs on any of your major appliances - or replacement of less-expensive, smaller appliances.
All the best,
Timben
Select ‘bells and whistles’ with care
.
Appliances can do amazing things. Take coffeemakers. All of them can brew a fine cup of coffee, but some models do more - like brew a pot while you’re still in bed, adjust the coffee’s strength and temperature to suit your tastes, allow you to draw a single cup while you’re waiting for the pot to fill, and even grind your coffee beans. Unfortunately, these bells and whistles come at a premium price.
Most appliances come in three versions - basic, mid-grade, and high-end. With this in mind, be on your guard when you shop. Ask yourself these questions:
* What do I need this appliance to do?
* How easy is it to operate?
* Is it energy-efficient model?
* Does it have the safety features I need?
* Are other features, like digital controls, programmable timers, and
self-cleaning options, important to me?
The deciding factors in the purchase of any appliance should be cost, usefulness, user-friendliness, and safety. If the basic model does what you need it to do, buy it. You’ll be delighted with your appliance and your savings.
Many people who buy up-scale models rarely use the high-tech features. These extras often do little more than complicate the operation process.
One extra you shouldn’t overlook is the automatic shut-off feature on appliances with heating elements. Have you ever left the house only to be plagued with doubt as to whether or not you turned off your iron, coffeepot, or curling iron? An appliance that shuts itself off relieves you of that worry.
Appliance manufacturers have done their job and deserve your business if they’ve made their products easy to use. Don’t ignore the owner’s manual, but its main purpose should be as a trouble-shooting guide, not as a map through a maze of complex directions. The ordinary operation of most appliances should be more intuitive.
All the best,
Timben
Appliances can do amazing things. Take coffeemakers. All of them can brew a fine cup of coffee, but some models do more - like brew a pot while you’re still in bed, adjust the coffee’s strength and temperature to suit your tastes, allow you to draw a single cup while you’re waiting for the pot to fill, and even grind your coffee beans. Unfortunately, these bells and whistles come at a premium price.
Most appliances come in three versions - basic, mid-grade, and high-end. With this in mind, be on your guard when you shop. Ask yourself these questions:
* What do I need this appliance to do?
* How easy is it to operate?
* Is it energy-efficient model?
* Does it have the safety features I need?
* Are other features, like digital controls, programmable timers, and
self-cleaning options, important to me?
The deciding factors in the purchase of any appliance should be cost, usefulness, user-friendliness, and safety. If the basic model does what you need it to do, buy it. You’ll be delighted with your appliance and your savings.
Many people who buy up-scale models rarely use the high-tech features. These extras often do little more than complicate the operation process.
One extra you shouldn’t overlook is the automatic shut-off feature on appliances with heating elements. Have you ever left the house only to be plagued with doubt as to whether or not you turned off your iron, coffeepot, or curling iron? An appliance that shuts itself off relieves you of that worry.
Appliance manufacturers have done their job and deserve your business if they’ve made their products easy to use. Don’t ignore the owner’s manual, but its main purpose should be as a trouble-shooting guide, not as a map through a maze of complex directions. The ordinary operation of most appliances should be more intuitive.
All the best,
Timben
Beware of wholesale clubs
.
BJ’s, Costco, Sam’s, and other wholesale clubs may be a boon to bulk shoppers, but they’re not convincing as a bargain source for major appliances.
In the first place, you must pay an annual membership fee of $35 to $45 for an opportunity to shop there. Some of these warehouse giants only allow members to enter the store for browsing and price comparing.
What’s more, availability of major appliances at these stores ranges from spare to fair and varies from one locale to another. And if you can’t haul your purchase home yourself, delivery is extra.
If you are a member, don’t assume warehouse bargains are better than sales at other retailers. Shop around.
All the best,
Timben
BJ’s, Costco, Sam’s, and other wholesale clubs may be a boon to bulk shoppers, but they’re not convincing as a bargain source for major appliances.
In the first place, you must pay an annual membership fee of $35 to $45 for an opportunity to shop there. Some of these warehouse giants only allow members to enter the store for browsing and price comparing.
What’s more, availability of major appliances at these stores ranges from spare to fair and varies from one locale to another. And if you can’t haul your purchase home yourself, delivery is extra.
If you are a member, don’t assume warehouse bargains are better than sales at other retailers. Shop around.
All the best,
Timben
Make ads work for you
.
Think of all the reading you do to keep up with the ads you get in the mail. Here’s how to make your time worthwhile.
Retailers want your business. One of their appeals is the “price-match guarantee.” They’ll match or beat their competitors’ prices. Price matching is especially attractive when the competitor with the washer on sale is across town, and the price matcher is nearby.
Here’s what to do. Take the ad for the appliance, including the brand name, model number, price, and dates of the sale, to your more conveniently located retailer. The manager wants the sale, but he’s a businessman. He’ll make sure you’re comparing “apples with apples.” The price match won’t work if you’re comparing a Hotpoint washer with a Maytag.
Once you’ve agreed on the price, it’s your turn to make sure it’s apples for apples. If the competitor offered free delivery, insist that your appliance be delivered for free, too.
All the best,
Timben
Think of all the reading you do to keep up with the ads you get in the mail. Here’s how to make your time worthwhile.
Retailers want your business. One of their appeals is the “price-match guarantee.” They’ll match or beat their competitors’ prices. Price matching is especially attractive when the competitor with the washer on sale is across town, and the price matcher is nearby.
Here’s what to do. Take the ad for the appliance, including the brand name, model number, price, and dates of the sale, to your more conveniently located retailer. The manager wants the sale, but he’s a businessman. He’ll make sure you’re comparing “apples with apples.” The price match won’t work if you’re comparing a Hotpoint washer with a Maytag.
Once you’ve agreed on the price, it’s your turn to make sure it’s apples for apples. If the competitor offered free delivery, insist that your appliance be delivered for free, too.
All the best,
Timben
Land a deal through the classifieds
.
Classified ads are a great place to find deals on used appliances. When people move or remodel, they worry about what to do with the appliances they’re replacing. Keep your eyes peeled for deals in the appliance section, as well as the moving, garage, and yard sale sections.
Another strategy is to place an ad in the “wanted” section. You could say, “I’m looking for a good, used, large-capacity washer-dryer combo.” Offer to pick it up yourself. This might be all it takes to stir someone who has an appliance stored in his garage or a desire to upgrade to a newer model.
All the best,
Timben
Classified ads are a great place to find deals on used appliances. When people move or remodel, they worry about what to do with the appliances they’re replacing. Keep your eyes peeled for deals in the appliance section, as well as the moving, garage, and yard sale sections.
Another strategy is to place an ad in the “wanted” section. You could say, “I’m looking for a good, used, large-capacity washer-dryer combo.” Offer to pick it up yourself. This might be all it takes to stir someone who has an appliance stored in his garage or a desire to upgrade to a newer model.
All the best,
Timben
Plan now to save later
.
The next time you’re in the market for a new appliance it will probably dawn on you that you’ve seen the very item you’re looking for on sale within the past 12 months. If only you could remember when.
Appliances, and almost everything else, have their own sale seasons. Some items, like air conditioners, are seasonal, so you can count on end-of-season savings. And just like cars, appliances have times of the year when the newest models are introduced. Last year’s models are sold at a bargain to make room for the next generation. You can also count on seasonal clearances of overstocked and surplus items.
Savvy shoppers learn the seasonal ebb and flow of the appliance industry and shop accordingly. Timing your appliance shopping right will save you a bundle, so mark your calendar.
December is great month to make plans, not shop. You’ll rarely find good deals on appliances unless you can wait until the week between Christmas and New Year’s.
While some sales span two or three months, waiting for arrival of particular months works best. Your patience will assure you of the very best bargains.
January is a good month for appliances, in general. In February, focus on air conditioners. You may not need one then, but it’s a great time to buy.
With the arrival of March comes sales on washers and dryers. Spring is a good time for televisions and VCRs - especially May.
July is another good month for finding an air conditioner on sale, but you’re likely to find big discounts on other appliances, too. One of the best times of year to go appliance shopping is late fall - October and November.
All the best,
Timben
The next time you’re in the market for a new appliance it will probably dawn on you that you’ve seen the very item you’re looking for on sale within the past 12 months. If only you could remember when.
Appliances, and almost everything else, have their own sale seasons. Some items, like air conditioners, are seasonal, so you can count on end-of-season savings. And just like cars, appliances have times of the year when the newest models are introduced. Last year’s models are sold at a bargain to make room for the next generation. You can also count on seasonal clearances of overstocked and surplus items.
Savvy shoppers learn the seasonal ebb and flow of the appliance industry and shop accordingly. Timing your appliance shopping right will save you a bundle, so mark your calendar.
December is great month to make plans, not shop. You’ll rarely find good deals on appliances unless you can wait until the week between Christmas and New Year’s.
While some sales span two or three months, waiting for arrival of particular months works best. Your patience will assure you of the very best bargains.
January is a good month for appliances, in general. In February, focus on air conditioners. You may not need one then, but it’s a great time to buy.
With the arrival of March comes sales on washers and dryers. Spring is a good time for televisions and VCRs - especially May.
July is another good month for finding an air conditioner on sale, but you’re likely to find big discounts on other appliances, too. One of the best times of year to go appliance shopping is late fall - October and November.
All the best,
Timben
Hunt for last year’s price
.
Discontinued models are to appliances what last year’s models are to new cars. The “new” have arrived. The “old” have lost their luster. But they‘re still brand new - and dealers want to rid them from their stockrooms. It’s time to make deal.
The easiest way to flush discontinued models out of hiding is to ask the salesman if he’s got any in stock. If he does, set your sights on a bargain.
Since markups on major appliances are typically 15 percent, 30 percent on smaller ones, aim for saving that much or more.
All the best,
Timben
Discontinued models are to appliances what last year’s models are to new cars. The “new” have arrived. The “old” have lost their luster. But they‘re still brand new - and dealers want to rid them from their stockrooms. It’s time to make deal.
The easiest way to flush discontinued models out of hiding is to ask the salesman if he’s got any in stock. If he does, set your sights on a bargain.
Since markups on major appliances are typically 15 percent, 30 percent on smaller ones, aim for saving that much or more.
All the best,
Timben
Wednesday, September 16, 2009
Solid savings at liquidation outlets
.
Appliance manufacturers worldwide use outlets to sell products that move outside normal sales avenues. For example, factory outlets carry appliances with minor imperfections, closeouts, discontinued models, floor models, overruns, returns or exchanges, even one-of-a-kind demonstrators used at trade shows.
Because inventory is fleeting and prices low, plan to shop for a class appliance, like side-by-side refrigerators, rather than a specific model.
Everything is essentially new and comes with full manufacturer’s warranties. Imperfections are always minor and don’t affect performance.
Examples include Sears outlets and regional chains, like ApplianceSmart with stores in Minnesota, Ohio, California, Texas and Georgia.
All the best,
Timben
Appliance manufacturers worldwide use outlets to sell products that move outside normal sales avenues. For example, factory outlets carry appliances with minor imperfections, closeouts, discontinued models, floor models, overruns, returns or exchanges, even one-of-a-kind demonstrators used at trade shows.
Because inventory is fleeting and prices low, plan to shop for a class appliance, like side-by-side refrigerators, rather than a specific model.
Everything is essentially new and comes with full manufacturer’s warranties. Imperfections are always minor and don’t affect performance.
Examples include Sears outlets and regional chains, like ApplianceSmart with stores in Minnesota, Ohio, California, Texas and Georgia.
All the best,
Timben
Prowl for scratch and dent sales
.
A new appliance at a huge discount with full warranty is a fantastic bargain. One little bump, bang, or ding in a retailer’s warehouse may be all it takes to change an immaculate refrigerator, dryer, or food processor into a scratch-and-dent item. And, lucky for you, that item will probably find its way into a clearance section or outlet store and sell for a fraction of the suggested retail price.
Think about it. What if the side panel of a new chest freezer has a long scratch? Where do you plan to keep the freezer? In your garage or basement? A scratched freezer will keep things frozen as well as its perfect twin.
Scratch-and-dent appliances are worth prowling around for, but make sure you prowl in the right places. Many retailers have departments dedicated to the sale of returned and blemished items. Others have their own outlet stores. Sears is one of the best known for bargains at its outlets, but Sears isn’t alone. Try Home Depot, Lowes, or Circuit City – any retailer that carries appliances. Call the retailers in your area to see what they do with scratched-and-dented, blemished, returned, or clearance appliances.
Other places to look include appliance rental and thrift stores. Don’t overlook free newspapers, shoppers, and bargain bulletins. People who deal in scratch-and-dents often advertise there.
Smaller appliances, like mixers, blenders, irons, and coffeemakers, used as display models may end up in clearance at department stores because shoppers have handled them. Be sure to understand the sale conditions of scratch-and-dent items. They’re often sold “as is” but usually come with a full manufacturer’s guarantee.
All the best,
Timben
A new appliance at a huge discount with full warranty is a fantastic bargain. One little bump, bang, or ding in a retailer’s warehouse may be all it takes to change an immaculate refrigerator, dryer, or food processor into a scratch-and-dent item. And, lucky for you, that item will probably find its way into a clearance section or outlet store and sell for a fraction of the suggested retail price.
Think about it. What if the side panel of a new chest freezer has a long scratch? Where do you plan to keep the freezer? In your garage or basement? A scratched freezer will keep things frozen as well as its perfect twin.
Scratch-and-dent appliances are worth prowling around for, but make sure you prowl in the right places. Many retailers have departments dedicated to the sale of returned and blemished items. Others have their own outlet stores. Sears is one of the best known for bargains at its outlets, but Sears isn’t alone. Try Home Depot, Lowes, or Circuit City – any retailer that carries appliances. Call the retailers in your area to see what they do with scratched-and-dented, blemished, returned, or clearance appliances.
Other places to look include appliance rental and thrift stores. Don’t overlook free newspapers, shoppers, and bargain bulletins. People who deal in scratch-and-dents often advertise there.
Smaller appliances, like mixers, blenders, irons, and coffeemakers, used as display models may end up in clearance at department stores because shoppers have handled them. Be sure to understand the sale conditions of scratch-and-dent items. They’re often sold “as is” but usually come with a full manufacturer’s guarantee.
All the best,
Timben
A bargain you can’t afford to miss
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You can save lots of money by buying a floor model – a new appliance that’s been on display. Eventually, they’re moved along as clearance items, complete with their original warranties.
Start your search for floor models before they reach the clearance area. Keep your eyes open for appliances on display in the showroom. Notice their condition. If you see any signs of wear, let the sales clerk know you’re interested and make him an offer. Even if he says no, he may tell you when to check with him again.
All the best,
Timben
You can save lots of money by buying a floor model – a new appliance that’s been on display. Eventually, they’re moved along as clearance items, complete with their original warranties.
Start your search for floor models before they reach the clearance area. Keep your eyes open for appliances on display in the showroom. Notice their condition. If you see any signs of wear, let the sales clerk know you’re interested and make him an offer. Even if he says no, he may tell you when to check with him again.
All the best,
Timben
Tuesday, September 15, 2009
Buy major appliances at half price
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Why break the bank on a new dishwasher or refrigerator when you can get it at less than the wholesale price? Rental stores offer great prices on previously rented appliances. They are not brand new, but usually they have been thoroughly reconditioned. If they have any scratches or dents, let those flaws lend themselves to a bigger discount.
Discounts depend on how long the appliances were leased. You could buy an appliance with a longer rental history at a 50 – percent savings, but even those with very brief rental histories can be purchased at savings of at least 20 percent.
Appliance rental centers like Rent-A-Center, a company with thousands of locations nationally, have a steady flow of appliances available for sale, and most have been used fewer than seven months. Major rental services refurbish appliances returned to them by renters, so what you purchase looks and acts like new.
Most previously rented appliances come with full manufacturers’ warranties and may come with generous loaner-during-repair guarantees from the rental stores themselves.
Start your search for a major appliance at rental and rent-to-own stores in your area. It may be your best shot at the bargain you’ve been hoping for.
All the best,
Timben
Why break the bank on a new dishwasher or refrigerator when you can get it at less than the wholesale price? Rental stores offer great prices on previously rented appliances. They are not brand new, but usually they have been thoroughly reconditioned. If they have any scratches or dents, let those flaws lend themselves to a bigger discount.
Discounts depend on how long the appliances were leased. You could buy an appliance with a longer rental history at a 50 – percent savings, but even those with very brief rental histories can be purchased at savings of at least 20 percent.
Appliance rental centers like Rent-A-Center, a company with thousands of locations nationally, have a steady flow of appliances available for sale, and most have been used fewer than seven months. Major rental services refurbish appliances returned to them by renters, so what you purchase looks and acts like new.
Most previously rented appliances come with full manufacturers’ warranties and may come with generous loaner-during-repair guarantees from the rental stores themselves.
Start your search for a major appliance at rental and rent-to-own stores in your area. It may be your best shot at the bargain you’ve been hoping for.
All the best,
Timben
Bottom feeders grab bargains
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A great way to catch auction bargains is called “bottom feeding.” An item that either didn’t sell or didn’t get the seller’s reserve price is called a passed lot. You can place a private bid on that item immediately after it is taken off the block. It can be a little more work and take some time, since the auction house must contact the seller. But if the seller is willing, you could walk away with a great buy.
All the best,
Timben
A great way to catch auction bargains is called “bottom feeding.” An item that either didn’t sell or didn’t get the seller’s reserve price is called a passed lot. You can place a private bid on that item immediately after it is taken off the block. It can be a little more work and take some time, since the auction house must contact the seller. But if the seller is willing, you could walk away with a great buy.
All the best,
Timben
Save $$ - avoid a bidding war
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All it takes is two determined potential buyers and you have a bidding war – which translates into an inflated price for the item. Avoid getting into a bidding war where you’ll probably start offering dollar amounts way beyond your original limit.
* Don’t express blatant enthusiasm over any item during the auction preview that could alert others to your find and increase the competition.
* Try to bid calmly and thoughtfully. Shouting, arm waving, or constantly holding your paddle in the air is not necessary – or wise.
* Neither is letting on that you want an item, no matter what. Bidding early and ferociously just makes others believe the item is worth bidding on.
* And offering your maximum amount early on means the price can only get higher as others join the bidding, leaving you out of the running.
Most professional auctioneers move an average of one item every minute. That’s not a lot of time to dither, but plenty of time to join the fray without calling attention to your intentions.
All the best,
Timben
All it takes is two determined potential buyers and you have a bidding war – which translates into an inflated price for the item. Avoid getting into a bidding war where you’ll probably start offering dollar amounts way beyond your original limit.
* Don’t express blatant enthusiasm over any item during the auction preview that could alert others to your find and increase the competition.
* Try to bid calmly and thoughtfully. Shouting, arm waving, or constantly holding your paddle in the air is not necessary – or wise.
* Neither is letting on that you want an item, no matter what. Bidding early and ferociously just makes others believe the item is worth bidding on.
* And offering your maximum amount early on means the price can only get higher as others join the bidding, leaving you out of the running.
Most professional auctioneers move an average of one item every minute. That’s not a lot of time to dither, but plenty of time to join the fray without calling attention to your intentions.
All the best,
Timben
Smart strategies for better bidding
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Bidding at an auction is a little playing poker. You’d like to know the other bidders’ intentions, and at the same time keep your own strategy secret. It helps to watch your opponents during the bidding. Many experienced auction buyers also use the preview and registration periods to pick out and “read” potential competitors.
During the auction, some experts prefer to stand at the back of the room so they can look over the entire crowd. Others say it’s best to sit at one of the front corners, where you can turn slightly and see almost everyone’s face but still be visible to the auctioneer. Then you can see facial expressions and pick out the subtle bidding movements some bidders use – not everyone bids by shouting and waving their arms. You can also make sure the auctioneer isn’t running up the bid on his own.
It also helps to spot the professional dealers in the audience. They’ll be the serious – looking bidders buying lots of items. Dealers have a good idea of how much something will bring at retail, so they will try to get it for 50 to 75 percent of that in the auction. If you want an item badly enough, you can go just a little higher and still be less than retail.
Don’t let the dealers trick you, though. They may quit bidding or say things to make you think an item isn’t worth it, and then sneak back in after you’ve dropped out.
All the best,
Timben
Bidding at an auction is a little playing poker. You’d like to know the other bidders’ intentions, and at the same time keep your own strategy secret. It helps to watch your opponents during the bidding. Many experienced auction buyers also use the preview and registration periods to pick out and “read” potential competitors.
During the auction, some experts prefer to stand at the back of the room so they can look over the entire crowd. Others say it’s best to sit at one of the front corners, where you can turn slightly and see almost everyone’s face but still be visible to the auctioneer. Then you can see facial expressions and pick out the subtle bidding movements some bidders use – not everyone bids by shouting and waving their arms. You can also make sure the auctioneer isn’t running up the bid on his own.
It also helps to spot the professional dealers in the audience. They’ll be the serious – looking bidders buying lots of items. Dealers have a good idea of how much something will bring at retail, so they will try to get it for 50 to 75 percent of that in the auction. If you want an item badly enough, you can go just a little higher and still be less than retail.
Don’t let the dealers trick you, though. They may quit bidding or say things to make you think an item isn’t worth it, and then sneak back in after you’ve dropped out.
All the best,
Timben
Sunday, September 13, 2009
Learn basics before you jump in
.
Don’t attempt a swan dive your first time off the auction diving board – you may belly flop. Instead dip your toe in the water by going to several auctions without attending to bid on anything. You can watch, learn, and get comfortable in the environment.
If you’re lucky, your auctioneer might spend time educating the crowd on auction practices. According to the National Auctioneers Association (NAA), good auction staffs want people to keep coming to their auctions, so they are eager to answer questions.
But it’s all too easy to make an expensive mistake. It’s best to figure out your own high bid beforehand, and then stick to it when the bidding gets hot. And keep these other factors in mind:
* Learn the “hidden” charges like buyers’ premiums (usually 10 – 15 percent commission to the auctioneer, auction house or gallery), shipping charges, sales tax, etc. You’ll have to add any or all of these on to your winning bid. Suddenly that good deal may not sound so good.
* Know if it’s cash only. Many auto and police auctions are.
* Realize there may be a “reserve price” – the lowest price the seller will accept. Usually auctioneers are not allowed to reveal it, but the bidding can start at this minimum or bid up to it. If this amount is over your limit, stay out.
* Take every one of your bids seriously because you can’t back out. Many people get swept up in the excitement and bid past their limit.
* Look for the rules of the auction on the bidder card or on posters or handouts. They may reveal the use of “house bidders” planted to drive up prices. If so, be extra careful not to overbid.
Unless the rules dictate a bidding increment, feel free to jump the bid less than the auctioneer is asking – a $5 or $10 increase instead of $50, for instance.
All the best,
Timben
Don’t attempt a swan dive your first time off the auction diving board – you may belly flop. Instead dip your toe in the water by going to several auctions without attending to bid on anything. You can watch, learn, and get comfortable in the environment.
If you’re lucky, your auctioneer might spend time educating the crowd on auction practices. According to the National Auctioneers Association (NAA), good auction staffs want people to keep coming to their auctions, so they are eager to answer questions.
But it’s all too easy to make an expensive mistake. It’s best to figure out your own high bid beforehand, and then stick to it when the bidding gets hot. And keep these other factors in mind:
* Learn the “hidden” charges like buyers’ premiums (usually 10 – 15 percent commission to the auctioneer, auction house or gallery), shipping charges, sales tax, etc. You’ll have to add any or all of these on to your winning bid. Suddenly that good deal may not sound so good.
* Know if it’s cash only. Many auto and police auctions are.
* Realize there may be a “reserve price” – the lowest price the seller will accept. Usually auctioneers are not allowed to reveal it, but the bidding can start at this minimum or bid up to it. If this amount is over your limit, stay out.
* Take every one of your bids seriously because you can’t back out. Many people get swept up in the excitement and bid past their limit.
* Look for the rules of the auction on the bidder card or on posters or handouts. They may reveal the use of “house bidders” planted to drive up prices. If so, be extra careful not to overbid.
Unless the rules dictate a bidding increment, feel free to jump the bid less than the auctioneer is asking – a $5 or $10 increase instead of $50, for instance.
All the best,
Timben
Know before you go
.
If you’re interested in a specific type of item – a pie safe, for instance – and an auction claim they’ll be offering a “large selection of pie safes,” don’t hesitate to call before attending. One person’s idea of a large selection may not match yours. You don’t want to spend time and effort getting to an auction just to find out you and your competition are all bidding on a single item. No bargains there.
All the best,
Timben
If you’re interested in a specific type of item – a pie safe, for instance – and an auction claim they’ll be offering a “large selection of pie safes,” don’t hesitate to call before attending. One person’s idea of a large selection may not match yours. You don’t want to spend time and effort getting to an auction just to find out you and your competition are all bidding on a single item. No bargains there.
All the best,
Timben
10 ways to determine value
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The value of antiques, fine art, or collectibles is determined by what someone is willing to pay. An auction is a good place to find that out. How should you decide if something is worth buying? Here are the criteria that many auction experts believe you should use.
* Authenticity – Is it real?
* Condition – What shape is it in?
* Rarity – How many others there?
* Provenance – Who owned it before? Does it have a traceable history?
* Historical significance – Was it there when something important happened?
* Size – Bigger isn’t always better. Can you move, display, or wear it conveniently?
* Medium – An oil painting is worth more than a drawing, which is worth more than a print.
* Subject matter – What is it a picture of? Some scenes are just more pleasing than others.
* Fashion – Collecting has trends, just like women’s clothing and the stock market.
* Quality – Where does it rank towards being “the best of its kind”?
All the best,
Timben
The value of antiques, fine art, or collectibles is determined by what someone is willing to pay. An auction is a good place to find that out. How should you decide if something is worth buying? Here are the criteria that many auction experts believe you should use.
* Authenticity – Is it real?
* Condition – What shape is it in?
* Rarity – How many others there?
* Provenance – Who owned it before? Does it have a traceable history?
* Historical significance – Was it there when something important happened?
* Size – Bigger isn’t always better. Can you move, display, or wear it conveniently?
* Medium – An oil painting is worth more than a drawing, which is worth more than a print.
* Subject matter – What is it a picture of? Some scenes are just more pleasing than others.
* Fashion – Collecting has trends, just like women’s clothing and the stock market.
* Quality – Where does it rank towards being “the best of its kind”?
All the best,
Timben
Don’t get burned by a purchase
Auction items are purchased “as is.” That means, of course, no warranty, no returns. Now if you’re buying table linens, it’s no big deal. But anything electrical or mechanical can be a dicier issue. You can often find appliances, power tools, and other such items at country auctions for much less than retail. A good deal isn’t a good deal if you spend more on repairs than you would buying new. That’s when it is more important than ever to be knowledgeable about the item, or bring along someone who is.
All the best,
Timben
All the best,
Timben
Saturday, September 12, 2009
Know Which Bargains Are Best
The best bargains at auctions range from flatware to furniture, according to Leslie Hindmand, auctioneer, author, appraisal show host, and CEO of Eppraisals.com. She believes these are the top 10 bargains you’ll find.
* Upholstered furniture – If a battered sofa or chair was made well in the first place and has good “bones,” a relatively inexpensive reupholster job can turn it into magnificent place of furniture.
* Chandeliers – They’re hard to display, so if you can recognize the potential grandeur of a hanging chandelier while it’s sitting in a heap, you have the advantage on those who can’t.
* Dinner services and stemware – Demand for fine china is low because of changing entertainment customs and an abundance of department store dishes. Find a pattern you like, and it will probably be a steal.
* Silver flatware – Another overlooked bargain because most people don’t think of looking for silver at an auction.
* Monogrammed objects – If it has value as an antique or family heirloom, what does it matter that they’re not your initials?
* Old books – Not usually a popular item at auctions, boxes of 10 to 20 books, sometimes containing rare finds, are often sold for less than the bookstore price of just one.
* Jewelry – Many people don’t want someone else’s personal items, and nothing is more intimate than an engagement ring, wedding band, or engraved brooch. This can mean incredible bargains for someone who just appreciates quality.
* Minor contemporary works of art – If the artist is not well-known, it’s not unusual for paintings to sell for no more than the price of the canvas alone.
* Large-scale furniture – Anything bigger than 8 feet often won’t sell despite the advent of 12-foot ceilings and huge great rooms where large pieces are just the ticket.
* Box lots – Knickknacks and other miscellaneous articles are often put in boxes and sold as one lot. Look for the one item that makes taking home the whole box worthwhile.
All the best,
Timben
* Upholstered furniture – If a battered sofa or chair was made well in the first place and has good “bones,” a relatively inexpensive reupholster job can turn it into magnificent place of furniture.
* Chandeliers – They’re hard to display, so if you can recognize the potential grandeur of a hanging chandelier while it’s sitting in a heap, you have the advantage on those who can’t.
* Dinner services and stemware – Demand for fine china is low because of changing entertainment customs and an abundance of department store dishes. Find a pattern you like, and it will probably be a steal.
* Silver flatware – Another overlooked bargain because most people don’t think of looking for silver at an auction.
* Monogrammed objects – If it has value as an antique or family heirloom, what does it matter that they’re not your initials?
* Old books – Not usually a popular item at auctions, boxes of 10 to 20 books, sometimes containing rare finds, are often sold for less than the bookstore price of just one.
* Jewelry – Many people don’t want someone else’s personal items, and nothing is more intimate than an engagement ring, wedding band, or engraved brooch. This can mean incredible bargains for someone who just appreciates quality.
* Minor contemporary works of art – If the artist is not well-known, it’s not unusual for paintings to sell for no more than the price of the canvas alone.
* Large-scale furniture – Anything bigger than 8 feet often won’t sell despite the advent of 12-foot ceilings and huge great rooms where large pieces are just the ticket.
* Box lots – Knickknacks and other miscellaneous articles are often put in boxes and sold as one lot. Look for the one item that makes taking home the whole box worthwhile.
All the best,
Timben
Friday, September 11, 2009
Do Your Homework - don't Overpay
The last thing you want is to come home from an auction with something you spent too much money on. So do your homework, especially if you're looking for a specific item. That means knowing what similar pieces sells for, either at retail or through other auctions.
Get the auction catalog ahead of time, if possible, and study the goods. Find out if you can preview the auction - which allows you to inspect items from an hour up to a week before-hand. Talk to the auction staff about items you're interested in. They sometimes will discuss value. Bring along an expert or pay for a dealer's advice - whether it's someone who knows cars or antique china.
Then, based on all this homework, set your bidding limit. Many auction authorities say don't pay more than half the retail price of any item.
All the best,
Timben
Get the auction catalog ahead of time, if possible, and study the goods. Find out if you can preview the auction - which allows you to inspect items from an hour up to a week before-hand. Talk to the auction staff about items you're interested in. They sometimes will discuss value. Bring along an expert or pay for a dealer's advice - whether it's someone who knows cars or antique china.
Then, based on all this homework, set your bidding limit. Many auction authorities say don't pay more than half the retail price of any item.
All the best,
Timben
Thursday, September 10, 2009
Search out a quality auctioneer
One of the best places to find antiques is at an auction. You can find auction listings in many places, including the classified ads of your local newspaper. But once you're ready to jump in with your wallet, attend auctions only conducted by reputable auction houses. Check with the Better Business Bureau, your state's auctioneer licensing office if you have one, or your county or state consumer protection office.
The National Auctioneers Association (NAA) is another resource for auction listings and other information. Only members can post an auction on their Web site, ensuring each one is run by a reputable auctioneer. Visit them at www.auctioneers.org. Once you've been to an auction house you like and trust, you can get on their mailing list to receive notices of upcoming events.
All the best,
Timben
The National Auctioneers Association (NAA) is another resource for auction listings and other information. Only members can post an auction on their Web site, ensuring each one is run by a reputable auctioneer. Visit them at www.auctioneers.org. Once you've been to an auction house you like and trust, you can get on their mailing list to receive notices of upcoming events.
All the best,
Timben
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