Information about Cheap Cars, Car Parts, Car Loans and Others

When you are looking to buy a car with bad or poor credit it doesn’t leave buyers with lots of options. Occasionally their only choice for finding a lender for their new car purchase is through a car dealer loan.

Car dealership loan deals are not as bad as a lot of people may think. However, it is certainly true that they may hide a lot of surprises so if you are in fact planning to use a Car Credit Loan you should be extra vigilant.

The first thing that you need to watch out for is if the interest rate happens to be fixed. By fixed I mean that it’s clearly stated in your contract and that all of it is written in a way that it wouldn’t allow the car dealership to change it at a later date. What lots of car dealerships tend to do is approve your car loan application, have you sign the documents, and hand you over the car. After that later on they just give you a phone call and state that in fact you do not qualify for the loan because you have poor credit (which is something you already knew to begin with) and that you must pay higher interest rates in order to keep the car. If you fall into this situation you should try to either find a loan from another lender or report the scam and fight back.

Another extremely popular scam done by car dealers is to make you look for a cosigner for your loan convincing you that this is the absolutely only way that you can get financing since you have a terrible credit history. It won’t be difficult to convince you at all. First of all it sounds pretty reasonable and second of all the car dealer will cause you to believe that this will in fact repair your poor credit profile. Later on you will discover that your name isn’t including in the loan documents and that the loan is in the name of the cosigner only even though you are paying it . Not only is this illegal but it also may lead to serious penalties but it’s not helping your poor credit at all. If a dealerhship offers such a thing you absolutely must refuse.

If you’re a poor credit consumer and have difficulties in finding a good loan, it’s pretty obvious that you shouldn’t overstretch yourself. What this mean is to buy a reasonably priced vehicle and not to buy into all of the extras like the extended warranties for example. However, many different Bad Credit Auto Loan will end up trying to trick you by making you believe that you must buy a warranty that will increase your loan just to qualify. Since you are in a desperate situation you would end up saying Ok. However, if you for one second think about it, you can plain as day see this is simply a trick to increase your loan costs.

As people become more aware of environmental issues and conscious of their actions, demand for hybrid cars, to buy and rent, has risen.

A hybrid car is a car which can run on two or more fuel sources – most commonly an engine and an electric motor powered by batteries. The motor and batteries help the engine work more efficiently which means you spend less on fuel and emit fewer emissions.

The Toyota Prius is probably the most well known hybrid car. It first went on sale in 1997 and since then, more than 10,000 Prius’ have been sold in Australia. The Australian Government’s Green Vehicle Guide website rates all new vehicles based on greenhouse and air pollution emissions and fuel consumption. The Prius is currently the top performer in all 3 with a fuel consumption of 4.4L per 100kms.

To give you an idea of what this means – a Hummer H3 Adventure has a fuel consumption level of 13.2L/100km, Toyota Rav 4’s fuel consumption is 9.6L, a Mercedes Benz C Class C180K is 7.6L and a Honda Civic 1.8L sedan has a fuel consumption of 7.2L. According to Toyota, a Prius has up to 50% less consumption than a comparably-sized family car and that one tank of fuel could theoretically get you over a whopping 1000km!

While hybrid cars are still quite expensive to buy – a Toyota Prius 1.5L petrol/Electric combination CVT will set you back $37,400 (from www.toyota.com.au), renting one may be within your budget.

DriveAway currently have Hybrids available to rent in France and the USA, but with car rental suppliers adding more ‘green’ cars to their fleets, this is sure to grow over the next few years.

Renting a hybrid does cost more than renting a similar sized non-hybrid car (due to supply and demand and the fact that hybrids are more expensive for the rental company to buy), but you will save money on fuel and of course, it’s better for the environment. Click here for more details.