Cash or Loan For Your Next Car

Paying cash for a car vs taking out a loan when purchasing a vehicle is a big decision and involves a lot of money. There's always the questions of whether to go used or new, buy or lease, finance through the dealership or the bank or to even pay cash and avoid payments. On the matter of automobile loans it seems like they've really become a part of everyday life; it would almost seem strange not to have a monthly payment. We've become use to the idea of a loan that allows us to enjoy a car sooner than we might have been able to. But how much do we pay for that convenience?So what does taking a 5%, 60-month loan actually costs you over 5 years:With $5,000 down payment with a loan of 5% over 5 yrs equates to a loan balance of about $15,000 = $2,025 in interestWithout the down payment and a starting balance of $20,000 = $2,685 in interestNot a huge difference, but the down payment dropped the monthly payment by $100. In both situations, the cost of the loan would run about 13.5% of the loan value. You can think of that 13.5% as a hidden tax on the car, which is more than the sales tax and other fees that get tacked on. Over a lifetime those interest payments can really add up. Aside from leasing, buying a car outright is your only other option. Why don't we buy new cars with cash more often?Because we are in a "I want it now" world,you could pay $330 dollars each month into a high-yield savings account for 5 years and buy a truck without getting a loan and saving yourself over $2000 dollars and earning interest on your deposit in the process. So why don't you? Mostly because people want a new vehicle sooner than later. You could even have replaced your car with a newer used car .The trade-in acting as a down payment is what keeps this from being outrageous, actually these numbers don't seem too bad. $21,500 in interest payments over a lifetime isn't too big of a deal. To accomplish the task of providing our own financing we have to delay our gratification and save. For the 5 years prior to a car purchase, we deposit the total cost of $60 into a high yield savings account every month, about $333 for a $20,000 car. The interest earned on the savings earmarked for a new car can be transfered to other investments for additional growth after the purchase. So by delaying the first car purchase and continuing that discipline we've saved $21,500 in interest payments, or have we?What would happen if we took every dollar we would be giving to a bank in interest and invested it in a Roth IRA (all contributions and earnings can be pulled out tax-free during retirement). $21,500 over 50 years is $430 a year, $36 a month. That's money we'd normally be giving away so why not invest it instead. Let's say our IRA starts with a $0 balance, grows at 8% and we don't worry about inflation yet.Amount invested = $21,500 Simple earnings = $43,860 Compund earnings = $201,099 Total account value after 50 years = $266,459 .This tho is a hypothetical situation, but the outcome and general idea are pretty clear. By delaying a car purchase and avoiding interest payments we are presented with the opportunity for incredible growth over the long term. Even without investing the difference you can save a good chunk of change. This scenario doesn't take into consideration a longer period between purchases or the possibility of buying used cars, both of which would allow more income to be directed towards investments.This is not the absolute best way to purchase cars, but the hidden costs of automobile loans aren't apparent until you crunch some numbers.

Dave Burton
www.bargain-motors.com

America's Most Fuel Efficeint Cars

The #1 most efficeint car is the Toyota Prius which returns 48 mpg in the city and 45 mpg on the highway these cost $22,000.

#2 is the Honda Civic Hybrid which gives you 40 mpg city driivng and 45 mpg cruising the highway these will set you back $23,650.

#3 is the Smart ForTwo car this gives you 33 mpg around the city and 41 mpg on the highway costing just $12,235.

#4 VW Jetta Sportswagen TDI (29 mpg city, 40 mpg highway) $23,870
#5 Toyota Camry Hybrid (33 mpg city, 34 mpg highway) $26,150
#6 Toyota Yaris (29 mpg city, 35 mpg highway) $12,205
#7 Mini Cooper (28 mpg city, 37 mpg highway) $19,200
#8 Honda Fit (27 mpg city, 33 mpg highway) $14,750
#9 Chevrolet Aveo5 (27 mpg city, 34 mpg highway) $12,625
#10 Nissan Versa (27 mpg city, 33 mpg highway) $16,100

Dave Burton

www.bargain-motors.com

How to Deal with a Broken Windshield

Getting a broken windshield is not only a nuisance, but could also be dangerous and more importantly it's also illegal. If someone has a broken windshield, they must take steps to have the windshield repaired or replaced immediately. If you have the skill and tools, you can remove the broken windshield and then replace it with a new windshield. You will need to ensure that you have a new or replacement glass ready to go, and can lubricate the hinges. If the hinges need an adjustment be sure to perform that as well. If you don't feel comfortable performing the work, it is important to have a professional complete it instead. Since the windshield is such an invaluable aspect of your vehicle, it must be installed correctly. The replacement glass will also need to be cut to an exact measurement to ensure that it fits perfectly. It's important to keep the hinges of your windshield tight as well as the nuts that are used to keep the windshield securely set in place. If the windshield is not securely fastened, or the nuts and hinges kept tight, you run the risk of having the windshield break or become damaged due to any slight trauma or movement. This will also prevent any annoying rattling from occurring in the windshield, a sign that the windshield is not securely set in place and that the nuts affixing the windshield to the cowl brackets need tightening. When replacing a broken windshield be sure to determine what type of glass is being used in the new windshield as well as the best methods for taking care of it.

Dave Burton

www.bargain-motors.com

Tips On Making Your Car Fuel Efficient

With gas prices increasing most people that drive are interested in ways they can make their car more fuel efficient and save as much money as possible. While there are no fuel saving tips that will keep your car full of gas without filling up, there are some tips that really can help you save money on fuel over the long run. All of these tips focus on making your car more fuel efficient.

1, Drive When You Start Up ;This might seem obvious, but as soon as you crank up your car you should drive off. However, many people crank up and leave the car idling for a while. Instead of this, when you crank up drive off and only keep your car running when it is absolutely necessary.

2, Don't Ride the Brake; Many drivers hit the brake more often than is necessary. Additionally there are quite a few drivers that slow down for a braking car when they could easily switch lanes. Not riding the brake can increase your fuel efficiency by up to 30%, so this is a great tip you should follow.

3, Turn Off Your Car ;If you are going to be stopping for more than 10 minutes you should switch off your car to keep fuel efficiency at its peak and not burn more gas than is necessary.

4, Don't Turn Off Your Car; If you are only stopping for a brief moment or less than 5 minutes then don't turn off your car because the amount of gas used to crank up is more than you would burn in that short period of time.

5, Inflate Tires Properly; Too many drivers never think of their tires, unless one goes flat. However, having tires that are properly inflated can save fuel and make your car more fuel efficient, saving you money. Because of this, you should check your tire pressure on a regular basis. While gas prices don't seem like they will be dipping considerably in the next few months every tip to help you make your car more fuel efficient is helpful. So, follow the above fuel tips and you will see that over time your car really is more fuel efficient.

Dave Burton

http://www.bargain-motors.com/

RV Fifth Wheel & Travel Trailer Towing Safety

When towing a 5th wheel or travel trailer, safety should be your #1 priority,an accident while towing these will have greater consequences than in a small car.Consider the following safety tips each time you tow your fifth wheel RV or travel trailer.General Travel Trailer and Fifth Wheel RV Towing TipsIf you are new to RV towing, take time to practice towing your travel trailer or fifth wheel before driving on main roads. Most seasoned RVers recommend finding a large vacant lot and setting up some traffic cones to practice turning and backing. Never allow anyone to ride in or on the travel trailer. Before you leave on a trip, remember to check routes and restrictions on bridges and tunnels. Use the trailer hitch system the manufacturer recommends for towing. Drive at moderate speeds. This will place less strain on your tow vehicle and RV trailer. Trailer instability (sway) is more likely to occur as speed increases. Avoid sudden stops and starts that can cause skidding, sliding, or jackknifing. Avoid sudden steering maneuvers that might create sway or undue side force on the travel trailer. Fifth wheels are less susceptible to side force sway but you should still be aware of the possibility. Slow down when traveling over bumpy roads, railroad crossings, and ditches. Make wider turns at curves and corners. Because your trailer’s wheels are closer to the inside of a turn than the wheels of your tow vehicle, they are more likely to hit or ride up over curbs. Parking a Fifth Wheel or Travel TrailerTry to avoid parking on grades. If possible, have someone outside to guide you as you park. Once stopped, but before shifting into Park, have someone place blocks on the downhill side of the trailer wheels. Apply the parking brake, shift into Park, and then remove your foot from the brake pedal. Following this parking sequence is important to make sure your vehicle does not become locked in Park because of extra load on the transmission. For manual transmissions, apply the parking brake and then turn the vehicle off in either first or reverse gear. When uncoupling a travel trailer or fifth wheel, place blocks at the front and rear of the trailer tires to ensure that the trailer does not roll away when the trailer hitch coupling is released. An unbalanced load may cause the tongue to suddenly rotate upward; therefore, before uncoupling, place jack stands under the rear of the trailer to prevent injury. Backing Up Your Fifth Wheel or Travel TrailerPut your hand at the bottom of the steering wheel. To turn left, move your hand left. To turn right, move your hand right. Back up slowly. Because mirrors cannot provide all of the visibility you may need when backing up, have someone outside at the rear of the trailer to guide you, whenever possible. Use slight movements of the steering wheel to adjust direction. Exaggerated steering control will cause greater movement of the travel trailer. If you have difficulty, pull forward and realign the tow vehicle and trailer and start again. Apply the parking brake, shift into Park, and then remove your foot from the brake pedal. Following this parking sequence is important to make sure your vehicle does not become locked in Park because of extra load on the transmission. For manual transmissions, apply the parking brake and then turn the vehicle off in either first or reverse gear. When uncoupling a trailer, place blocks at the front and rear of the trailer tires to ensure that the trailer does not roll away when the coupling is released. In smaller trailers an unbalanced load may cause the tongue to suddenly rotate upward; therefore, before uncoupling, place jack stands under the rear of the trailer to prevent injury. Braking While Towing a Fifth Wheel or Travel TrailerAllow considerably more distance for stopping. If you have an electric trailer brake controller and excessive sway occurs, activate the trailer brake controller by hand. Do not attempt to control trailer sway by applying the tow vehicle brakes; this will generally make the sway worse. Always anticipate the need to slow down. To reduce speed, shift to a lower gear and press the brakes lightly. Acceleration and Passing While Towing Your Travel Trailer or Fifth WheelWhen passing a slower vehicle or changing lanes, signal well in advance and make sure you allow extra distance to clear the vehicle before you pull back into the lane. Pass on level terrain with plenty of clearance. Avoid passing on steep upgrades or downgrades. If necessary, downshift for improved acceleration or speed maintenance. When passing on narrow roads, be careful not to go onto a soft shoulder. This could cause your trailer to jackknife or go out of control. To control swaying caused by air pressure changes and wind buffeting when larger vehicles pass from either direction, release the accelerator pedal to slow down and keep a firm grip on the steering wheel. When excessive sway occurs, activate the trailer brake controller by hand. Do not attempt to control trailer sway by applying the tow vehicle brakes; this will generally make the sway worse. Towing Your Fifth Wheel or Travel Trailer on Downgrades and UpgradesDownshift to assist with braking on downgrades and to add power for climbing hills. On long downgrades, apply brakes at intervals to keep speed in check. Never leave brakes on for extended periods of time or they may overheat. Some tow vehicles have specifically calibrated transmission tow-modes. Be sure to use the tow-mode recommended by the manufacturer.
Dave Burton

http://www.bargain-motors.com/

Car Rentals On Overseas Vacation

Renting a car for a week or two is no problem. Thanks to the Internet it can be done from the comfort of your home and within minutes. But actually getting the right car for your needs can be difficult. The very concept of "car" is radically different between North America and Europe. Whereas in the US and Canada size really matters, Europeans look for fuel economy and have cramped parking conditions in mind. Here are some hints on choosing the right car when renting.Transmission - Not Automatically AutomaticThe very first thing to bear in mind is the transmission. Whereas most rental cars in North America will be equipped with automatic transmission, manual transmission is the norm in Europe. In addition the gearshift will be to the left of the driver. If you are not familiar with a manual transmission be sure to ask for an automatic. Be prepared for an extra charge at some rental agencies. And remember that the "exotic" automatic transmissions may sell out fast, so book early.Fuel Costs - Don't WorryAs said before, European drivers are obsessed with fuel efficiency. One look at the price of gas in Europe, will explain this obsession to US visitors - expect to pay twice the price you are used to. But fuel efficiency of rental cars should normally be great, even for the larger vehicles. Which ultimately makes driving in Europe not a hugely expensive way of travel.Interior Space - Small BlessingsMost rental cars on offer are standard European or Japanese vehicles, built for cramped road conditions and comparatively short journeys. Especially the lower categories ("Sub-Compact" and "Compact") are typical "city cars" for the occasional user. Even "Mid-Size" in Europe would be rated "Compact" in the US. So expect tighter conditions and choose a larger vehicle if travelling long distances.Seats and Legroom - Be Prepared for SurprisesCars are smaller and Europeans are used to them. This combined leads to the ratings on rental car websites. An international supplier will offer the same size of vehicle with totally different suitability ratings. On the US website rated for two adults and two children, on the Euro website rated for five adults. If you are in any way larger than the average European (5 ft 7 in, 165 pounds) go for a larger vehicle. Some rental companies will tell you equivalent US vehicles to help you choose.The Trunk - Which Trunk?Luggage space in European and Japanese cars can be tight. "Sub-Compact" and "Compact" vehicles will more than likely be of the hatchback type with no actual trunk and a somewhat cramped storage area in the back. Getting four adults and their luggage into a "Sub-Compact" is nearly impossible. If you are planning to take your full baggage allowance go for a "Mid-Size" at least. Do not plan on leaving your luggage in view while touring, this will attract undesirable attention.Extras - You Don't Need ThemWhen looking up European rental cars you might notice that air conditioning or cruise control are not necessarily included in the specifications. You will not really miss them. While air conditioning can occasionally be nice during the European summer, cruise control would be of no practical use at all.

Dave Burton

www.bargain-motors.com

Freeway Driving

America's freeways, are perfect for getting from one place to another very quickly. Because of the high rates of speed allowed on these routes, it's imperative to follow good freeway driving etiquette so as to avoid impeding the flow of traffic. Here are a few basic steps to follow from the time you enter the freeway until you exit.

Accelerate gradually as you enter the freeway. Traffic is already moving at 55mph to 70mph so this isn't a time for sightseeing. The on-ramp usually gives you enough time and space to catch up with flow of traffic.
Merge left into one of the center lanes. Because the right lane is for slower traffic and those entering or exiting the freeway, you must use the center lanes for travel. Be sure to keep up with the flow of traffic in the center lanes when freeway driving.
Use the left lane for passing only. Once you have completed passing, merge right into one of the center lanes and resume travel. The left lane is not for cruising.
Merge into the right lane to exit the freeway. You will use this lane to gradually decrease your speed and prepare for using the surface roads

If you are cruising in the left lane rather than passing, someone behind you may blow their horn or flash their headlights. Don't get upset. This just means they want to pass and you are probably driving at the same speed as center lane drivers. Simply merge into the center lane and continue driving. This is good freeway driving etiquette and allows other vehicles to use the passing lane for its intended purpose.

Dave Burton
www.bargain-motors.com

Emergency Breakdown Kit

Is this ever happened to you ? your driving along its 10.30 at night and the rain is lashing down,then bang something happenes to your car and it comes to a halt.You get out the car and see the left rear tire is flat and you're already running on your spare.
If you have an account with the Auto Club and your cell phone works,your in luck, help is not far away. BUT if not, you're either faced with having to hail a passing motorist or spend a night in the motor. That is, unless you have a well-stocked emergency roadside kit in the trunk of your car.
When it comes to commuting or traveling any lengthy distance, a roadside emergency kit can mean the difference between getting back on the road or being stuck for a long period of time. A roadside emergency kit is the one item that every vehicle should have; yet most of us never carry any of the basic items to help you get back on the road quickly and safely.

Some of the basic items include:
12-foot jumper cables
Four 15-minute roadside flares
Two quarts of oil
Gallon of antifreeze
First aid kit (including an assortment of bandages, gauze, adhesive tape, antiseptic cream, instant ice and heat compresses, scissors and aspirin)
Blanket
Extra fuses
Flashlight and extra batteries
Flat head screwdrivers
Phillips head screwdrivers
Pliers
Vise Grips
Adjustable wrench
Tire inflator (such as a Fix-A-Flat)
Tire pressure gauge
Rags
Roll of paper towels
Roll of duct tape
Spray bottle with washer fluid
Pocketknife
Ice scraper
Pen and paper
Help sign
Granola or energy bars
Bottled water
and heavy-duty nylon bag to carry it all in.
Granted, all these items practically necessitate a Ford Truck to haul them down the road, but a basic version with two roadside flares, a quart of oil, small first aid kit, extra fuses, flashlight, a Leatherman Tool (or any other multipurpose tool commonly containing pliers, wire cutters, knife, saw, bottle opener, screwdrivers, files and an awl), tire inflator, rags, pocket knife, pen and paper and a help sign will take up a minimal amount of trunk space.
Safe Travelling

Dave Burton
www.bargain-motors.com

Save Fuel and Save Money

The best time to think about saving fuel is before buying a car. Generaly,the smaller the car the less gas it will use. And since insurance and taxes are also greater in large cars, it may be sensible to buy a small car if you care about the money. Also, among the bigger cars, some are better than others. All you have to do is relate the miles per gallon figure that comes with it. Sports cars, are the best way to get rid of your money fast, and automatic transmission vehicles are a good way of wasting a lot of it.
But thats obvious. The interesting thing is how to make a car which you already have in your garage, go further on every single gallon. As a rule, you can improve fuel efficiency by as much as 25% simply by the way you drive the car, provided that your car has a manual gearbox.
Here's what you do: Try to change the gears (up) without the engine going to high RPM - certainly not over 2.5k RPM (2500 rounds per minute). I know a lot of people extend first,second and sometimes even third gear more than that because they want to accumulate speed. This may get you to the next traffic light before the car on the other lane, but there's a price to be paid - paid with a currency called petrol.

As long as you change the gears early you're pretty much maximizing the fuel efficiency of your motorcar. One last tip: Stay away from traffic and don't crawl (using the cluctch) too much. In other words, driving in the city is wasteful where fuel is concerned.

These are the cars that use the least amount of gas (highest mileage per gallon). Figures show MPG City and Highway.

Most Fuel Efficient Overall

Honda Insight - 60 66

Most Efficient Minicompact Cars

MINI Cooper Manual(5) - 28 36
MINI Cooper Automatic(variable) - 26 34

Most Efficient Subcompact Cars

VW New Beetle (Diesel) Manual(5) - 37 44
VW New Beetle (Diesel) Automatic(6) - 35 42

Most Efficient Compact Cars

Honda Civic Hybrid Automatic(variable) - 49 51
VW Golf (Diesel) Manual(5) - 37 44

Most Efficient Midsize Cars

Toyota Prius (Hybrid) - 60 51
Hyundai Elantra 4 cyl, Manual(5) - 27 34

Most Efficient Large Cars

Hyundai Sonata 4 cyl, Manual(5) - 24 34

Hyundai Sonata 4 cyl, Automatic(4) - 24 33

Most Efficient Small Station Wagons

Pontiac Vibe 4 cyl, Manual(5) - 30 36
Toyota Matrix 4 cyl, Manual(5) - 30 36
Scion xB 4 cyl, Automatic(4) - 30 34

Most Efficient Midsize Station Wagons

Ford Focus Station Wagon 4 cyl, Manual(5) - 26 34
Ford Focus Station Wagon 4 cyl, Automatic(4) - 26 32

Dave Burton
www.bargain-motors.com