September 15, 2014
Photo credit: greggoconnell / Foter / CC BY
If you like to trade cars every few years — leasing may be for you.
If you like knowing your car is under warranty — leasing may be for you.
If you don’t like to do an abundance of maintenance — leasing may be for you.
A car lease allows you to drive a new vehicle without having to pay a large sum of cash or take out a loan. Usually in order to lease a car, you make a small down payment — less than the typical 20 percent of a car’s value you’d pay to buy– followed by monthly payments for the term of the lease. Typically a lease runs for three years and 12,000 or 15,000 miles per
It is important to remember that once the lease expires you do not own the car. Essentially you are renting, not buying, the car. Once the lease has ended you can buy the car, or return it a lease another one. Keep in mind that by leasing you do not have equity in the car to use toward the purchase of another vehicle.
Steps on how to lease can be found here.
August 22, 2014
Post By Jason Heard
redjar / Foter /Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)
Properly servicing and maintaining your vehicle is important if you want it to last, but should you take it to the dealership or the garage down the street?
Taking your car in for servicing at the place you bought it, can play an important role in relationship building. For some the big benefit is simply doing business where you are known. Another benefit is that technicians at the dealership level are specialists; they have been manufacture trained and have had a lot of experience with your car model.
When you decide to trade your car in, if the dealership has instant access to all of your service records you will get more for your vehicle. It is also a great selling point on pre-owned cars, to be selling a local car that has a great service history attached to it.
AAA says that reading your vehicle’s owner’s manual is the best way to become an informed consumer. The manual will provide a detailed recommended maintenance schedule for that vehicle’s make and model. Maintenance requirements are broken into two categories: “normal” and “severe”. Pay attention to how and where you typically drive your vehicle to see which category your maintenance needs fall under. AAA also recommends some maintenance tasks to do yourself, like inspecting your tires and tread, knowing your battery life, and taking a look at the belts and hoses.
August 16, 2014
Jason Heard, general manager at Frank Ancona Honda in Olathe, recently weighed in on a popular debate among consumers about whether selling your car privately or to a dealership allows you to get the best trade in value. Here is what he had to say.
1. The cost: Will you need to spend money advertising it? Will you be spending money getting it ready to sell? i.e. detailing or servicing. Trading-in may also offer a tax advantage if you are buying a vehicle at the same time.
2. The time investment: When will people call or want to look at the car? Will your
workday be interrupted with calls from potential buyers? Will your evenings
be taken up with folks wanting to look at the car? How many dealer opinions will you want?
3. Safety: Do you want people knowing your number or your address? Coming to
According to MSN Auto, trading in is all about convenience. With a dealership there are no advertisements to place, no test drives to arrange, and no legal battles to fight if your recently-sold car breaks down. Your local car dealership will also take your car and then work to get it in like new condition and retail it for a profit.
Heard added, “If you have a nice car, you may be surprised at how much you will be given. If you sell on your own, buyers may not be willing to put the extra work in, which may result in a lower offer.”
Either route you choose make sure that you check the market, do your research and have a realistic view of your car and its value to help you make the best decision. US News suggests researching with a third-party website like KelleyBlueBook.com to get a rough estimate of how much your car is worth. Plug in as many details as possible, such as a built-in navigation system, CD player, leather upholstery and other features, since they could increase the value of your vehicle.
Jason Heard on Google+