Automobiles Personal Finance. Financing Your Car Car Dealers – May offer better deals during certain times of year, but generally higher rates Car Dealers.

Automobiles Personal Finance

Financing Your Car Car Dealers – May offer better deals during certain times of year, but generally higher rates Car Dealers – May offer better deals during certain times of year, but generally higher rates Banks – Decent rates, but may require a 10-20% down payment Banks – Decent rates, but may require a 10-20% down payment Credit Unions – Usually best loan, lower interest rates Credit Unions – Usually best loan, lower interest rates Home Equity Loans – Borrow money against value built in your home, but if you don’t pay the loan they can take your house Home Equity Loans – Borrow money against value built in your home, but if you don’t pay the loan they can take your house Internet – May be able to find competitive rates Internet – May be able to find competitive rates

Negative Equity Used cars lose value as soon as they are driven off the lot Avoid negative equity Keep your car until it is paid off completely Don't buy an expensive car Don't drag out your payments. Five years later you'll still be paying for a car that may no longer fit your needs. Make the biggest down payment you can

Steps to Buying a Car 1. Narrow the Choices 1. Narrow the Choices Match your needs (number of passengers, price Match your needs (number of passengers, price range, gas mileage, new or used) 2. Research and Compare 2. Research and Compare Magazines on reliability and safety ratings Magazines on reliability and safety ratings 3. Get Credit Preapproval 3. Get Credit Preapproval How much will the bank loan you How much will the bank loan you

Steps to Buying a Car 4. Visit Dealers 4. Visit Dealers Collect brochures, ask questions, write Collect brochures, ask questions, write down info Ask about warranties and other cars available Ask about warranties and other cars available 5. Test and Inspect Each Car 5. Test and Inspect Each Car Test drive have outside mechanic check car Test drive have outside mechanic check car Check dealer’s reputation Check dealer’s reputation 6. Make Offer 6. Make Offer Make up mind not to be pressured into paying more Make up mind not to be pressured into paying more Initial offer lower than price you are willing to pay Initial offer lower than price you are willing to pay

Where to Buy Cars New/Used Car Dealer - Warranties available for all new and some used Average Joe/Jane - Negotiating can drop the price to something that's fair to both of you, but no warranty. Public Auctions - Can get some good deals, no dealer to haggle with, only other potential buyers will increase the price, but the downside is you can’t test drive and no warranty

Research Cars Kelley Blue Book Kelley Blue Book Vehicle History Report – www.Carfax.com Vehicle History Report – www.Carfax.comwww.Carfax.com Various websites Various websites www.cars.com www.cars.com www.cars.com www.carmax.com www.carmax.com www.carmax.com www.Edmunds.com www.Edmunds.com www.Edmunds.com www.consumerreports.org www.consumerreports.org www.consumerreports.org

Buy or Lease? With a lease, you're paying to use the car during its first few years You can go to a dealership to lease a car and they will sell the car to a leasing agency Put down a down payment Your monthly payment is the total price of the vehicle minus your down payment, minus what they expect to be able to sell the car for at the end of your lease. That number is then divided by the number of months in the term of the lease. Then they add a finance charge and a profit margin. Basically you're paying for the depreciation of the vehicle while you use it.

Advantages of Leasing Lower monthly payment compared to buying a vehicle Smaller down payment or trade-in is required Can get a new car every few years At the end of a lease you have the option of giving the car back or buying it as a used car

Disadvantages to Leasing Will be charged at the end for anything that decreases the resale value of the car such as abnormal wear and tear on the car and scratches and dings You will also have to pay extra if your mileage surpasses the limit you have agreed to in your lease contract. At 10 to 15 cents per mile, that can become a major cost If you've customized the vehicle in any way you will probably have to pay extra at the end of the lease You're locked into the lease and if you decide you want to break a three-year lease after two years, you'll have to pay the remainder of the lease PLUS any termination fees in the contract Read the contract in full before signing it

Choosing a Car Make an inventory of your needs: What will you use the car for most? Dependable car, good gas mileage, roomy, entertain clients? Where do you live? Weather, roads Do you drive in stop-and-go traffic often? Automatic, manual

Comparing Vehicles Auto magazines - less biased information about particular models and the adv/disadv. Consumer Reports - reputation for bias-free reporting Dealerships - heavily biased may have to get a strong sales pitch the Manufacturer's web site - heavily biased Friends, family, strangers with same vehicle

Test Drive You have to be able to focus when test-driving a car If you go to dealership, make sure the salesperson gives you some space to make your decision Try renting the cars you are interested in, may cost $100, but you're paying for the freedom of driving a whole day What to check for?

Getting a Good Deal Keep a neutral outward attitude Avoid financing questions Be prepared to haggle back and forth for a while Watch for the good cop, bad cop move Ask to see the invoice Shop for a car later in the month

Beware the Add Ons Destination Charges Licensing and Registration Fees Extended Warranties Dealer Prep Credit Insurance

Best Time to Buy Early in the Week Early in the Week Less people than weekends, get better attention from salesman Less people than weekends, get better attention from salesman End of Month End of Month Salespeople may get a bonus for reaching a sales quota Salespeople may get a bonus for reaching a sales quota End of Calendar Year - December End of Calendar Year - December New models coming out and winter months are slow New models coming out and winter months are slow Rebates and Incentives Rebates and Incentives Holidays and long weekends will frequently see rebates, incentives or cheap financing offered Holidays and long weekends will frequently see rebates, incentives or cheap financing offered

New Models Come Out New Models Come Out As the new cars begin to arrive, last year's model loses its luster and also its high price As the new cars begin to arrive, last year's model loses its luster and also its high price End of the Car's Design Cycle End of the Car's Design Cycle When a completely redesigned car under the same name comes out there are serious discounts When a completely redesigned car under the same name comes out there are serious discounts End of the Car's Lifecycle End of the Car's Lifecycle When a car will be discontinued forever there are off the chart savings When a car will be discontinued forever there are off the chart savings When the lot is full of them When the lot is full of them Taking up space and distracting potential buyers from new cars Taking up space and distracting potential buyers from new cars

Tricks the Dealers Play Preying on your lack of information. Salespeople love clueless car shoppers because you can't negotiate a fair price Salespeople love clueless car shoppers because you can't negotiate a fair price Forget the sticker price. Edmunds.com and Kelley Blue Book are among the best places to find the important information you need. Forget the sticker price. Edmunds.com and Kelley Blue Book are among the best places to find the important information you need.Edmunds.comKelley Blue BookEdmunds.comKelley Blue Book For a more level playing field is for you to do your homework For a more level playing field is for you to do your homework Once you know what vehicle you want, you should walk in knowing approximately what price you should be paying. Once you know what vehicle you want, you should walk in knowing approximately what price you should be paying.

Tricks the Dealers Play Imposing finance charge markups You picked the car you want to buy, now the finance manager is searching for the best deal on a loan You picked the car you want to buy, now the finance manager is searching for the best deal on a loan The dealership isn’t required to tell you the cheapest loan you've qualified for and can legally pad the interest rate with a couple percentage points for themselves. The dealership isn’t required to tell you the cheapest loan you've qualified for and can legally pad the interest rate with a couple percentage points for themselves. On a $22,000, five-year loan, that extra 2% will add an extra $1,277 to your payments. On a $22,000, five-year loan, that extra 2% will add an extra $1,277 to your payments. The lender could be in cahoots with the dealer. It collects the extra money, keeps half for itself and sends the other half back to the dealer. The lender could be in cahoots with the dealer. It collects the extra money, keeps half for itself and sends the other half back to the dealer.

Tricks the Dealers Play Making the deal all about the monthly payment Salespeople often ask potential buyers what's the biggest monthly payment they can afford Salespeople often ask potential buyers what's the biggest monthly payment they can afford With that number, they'll calculate the most you can possibly spend and still hit that monthly payment by dragging out the loan for as long as possible. With that number, they'll calculate the most you can possibly spend and still hit that monthly payment by dragging out the loan for as long as possible. If you want a compact sedan that costs about $20,000 but let slip that you could afford a payment of $450 a month. If you want a compact sedan that costs about $20,000 but let slip that you could afford a payment of $450 a month. The salesperson immediately recognizes that a 60- or 72-month loan would allow you to buy a $25,000 midsize sedan while keeping your payment at about $450 a month — and that is what he or she will try to sell you. The salesperson immediately recognizes that a 60- or 72-month loan would allow you to buy a $25,000 midsize sedan while keeping your payment at about $450 a month — and that is what he or she will try to sell you. The bigger sticker price, and longer loan, both mean more money for the dealership. The bigger sticker price, and longer loan, both mean more money for the dealership.

Tricks the Dealers Play Making deceptive payoff promises You’re looking to buy a new car but still have a balance on your current car loan…to close the deal, a salesperson will often promise: “We’ll pay off your loan no matter how much you owe.” You’re looking to buy a new car but still have a balance on your current car loan…to close the deal, a salesperson will often promise: “We’ll pay off your loan no matter how much you owe.” Many dealers count on making up that loss by offering you less than your trade-in is really worth. Many dealers count on making up that loss by offering you less than your trade-in is really worth. But some unscrupulous dealerships pay off your old loan, just as they promised, then secretly add that amount to your new loan---To get away with that, they're counting on you to focus on the monthly payment and ignore the total amount you’re financing. But some unscrupulous dealerships pay off your old loan, just as they promised, then secretly add that amount to your new loan---To get away with that, they're counting on you to focus on the monthly payment and ignore the total amount you’re financing.

Tricks the Dealers Play Saying the deal is only good today Salespeople may say the "deal is only good today" to prevent you from checking other dealerships or having second thoughts. Salespeople may say the "deal is only good today" to prevent you from checking other dealerships or having second thoughts. In most cases, you're likely to get the same deal if you return. You don't want to be pressured into a quick sale anyway. In most cases, you're likely to get the same deal if you return. You don't want to be pressured into a quick sale anyway. The only exception is around the end of each month when automakers set their incentive programs — rebates and discount loans — to expire. The only exception is around the end of each month when automakers set their incentive programs — rebates and discount loans — to expire. If you're being quoted a price or financing deal that includes those discounts, dealers can't know if they'll be renewed for the following month. If you're being quoted a price or financing deal that includes those discounts, dealers can't know if they'll be renewed for the following month.

Tricks the Dealers Play Yo-yoing the financing You make a deal, sign the papers, take your new car home and think it's done. You make a deal, sign the papers, take your new car home and think it's done. A week later, dealer calls and says you have to bring the car back because the financing fell through. A week later, dealer calls and says you have to bring the car back because the financing fell through. This most commonly happens when dealers allow a buyer with shaky credit to take what the industry calls "spot delivery" on a car before the loan application is approved. This most commonly happens when dealers allow a buyer with shaky credit to take what the industry calls "spot delivery" on a car before the loan application is approved. Why would they do that? -- Disappointed buyers will do almost anything to keep their new car, whether it's agreeing to a higher interest rate, ponying up more cash for a down payment or even finding a cosigner for the note. Why would they do that? -- Disappointed buyers will do almost anything to keep their new car, whether it's agreeing to a higher interest rate, ponying up more cash for a down payment or even finding a cosigner for the note. Dealers have the legal right to be able to back out of the deal even after they send you home with the car. Dealers have the legal right to be able to back out of the deal even after they send you home with the car.

Tricks the Dealers Play Rolling out the old bait-and-switch You see an ad for a great price on a car you've been considering. But then you get to the showroom and find that's only for a stripped-down model, or trim level in auto lingo, that no one ever buys. You see an ad for a great price on a car you've been considering. But then you get to the showroom and find that's only for a stripped-down model, or trim level in auto lingo, that no one ever buys. The salesperson is sympathetic. When was the last time you saw a car with crank windows and no air conditioning? The salesperson is sympathetic. When was the last time you saw a car with crank windows and no air conditioning? Over the next hour, he or she shows you better-equipped versions. By the time you finally see the car you thought the ad was touting, you're paying $4,000 more. Over the next hour, he or she shows you better-equipped versions. By the time you finally see the car you thought the ad was touting, you're paying $4,000 more.

Tricks the Dealers Play Selling worthless or overpriced dealer add-ons Dealers boost their profits by selling all sorts of accessories, from roof racks to premium sound systems. Dealers boost their profits by selling all sorts of accessories, from roof racks to premium sound systems. But take a careful look at the cost. You can usually get the same thing for half price or less at electronics or auto parts stores. But take a careful look at the cost. You can usually get the same thing for half price or less at electronics or auto parts stores. Be especially alert for "surprise" add-ons — extras you absolutely don't need but that salespeople try to slip in as you're wrapping up the deal. Be especially alert for "surprise" add-ons — extras you absolutely don't need but that salespeople try to slip in as you're wrapping up the deal. Turn down paint protection, fabric protection, rust-proofing and upgraded car alarms Turn down paint protection, fabric protection, rust-proofing and upgraded car alarms A worthless $500 add-on increases the monthly payment by less than $9 on a 60-month loan, they could be easy to overlook these things A worthless $500 add-on increases the monthly payment by less than $9 on a 60-month loan, they could be easy to overlook these things

MSRP Monroney Sticker Price Monroney Sticker Price Base price Base price Manufacturer's installed options with the manufacturer's suggested retail price Manufacturer's installed options with the manufacturer's suggested retail price Manufacturer's transportation charge Manufacturer's transportation charge Fuel economy (mileage) Fuel economy (mileage) Affixed to the car window, this label is required by federal law, and may be removed only by the purchaser. Affixed to the car window, this label is required by federal law, and may be removed only by the purchaser. https://www.youtube.com/watch?v=30tSJYhwgJ M https://www.youtube.com/watch?v=30tSJYhwgJ M https://www.youtube.com/watch?v=30tSJYhwgJ M https://www.youtube.com/watch?v=30tSJYhwgJ M

Buying from a Dealer Pros Pros Dealers must adhere to stringent operating/selling procedures. This means you're less likely to be cheated or burdened with a lemon. Dealers must adhere to stringent operating/selling procedures. This means you're less likely to be cheated or burdened with a lemon. lemon Dealers provide warranties on vehicles, often new or used. Dealers provide warranties on vehicles, often new or used. Dealers offer financing options. Dealers offer financing options. Dealers can be easily contacted should problems arise. Dealers can be easily contacted should problems arise. Vehicles are inspected by certified trained technicians. Vehicles are inspected by certified trained technicians. Dealers offer certified cars. Dealers offer certified cars. Car dealerships will usually help you with your state DMV's titling and registration process. Car dealerships will usually help you with your state DMV's titling and registration process. You have the choice between a variety of cars in one location. You have the choice between a variety of cars in one location.

Buying from a Dealer Cons Cons Higher prices and less room for negotiating. Higher prices and less room for negotiating. Must deal with professional sales teams, reliant upon commissions. Must deal with professional sales teams, reliant upon commissions. It can be easy to get caught up in holiday specials, sales pitches, and signing incentives. It can be easy to get caught up in holiday specials, sales pitches, and signing incentives.

Buying from Private Party Pros Pros More room for price negotiating. You may be able to get closer to a price that works for you. More room for price negotiating. You may be able to get closer to a price that works for you. No high-pressure sales pitches. No high-pressure sales pitches. Lower starting prices. Lower starting prices.

Buying from Private Party Cons Cons Dealing with an unknown person, not bound to Federal Trade Commission rules. Dealing with an unknown person, not bound to Federal Trade Commission rules. No warranties on the vehicle. Private parties are more likely to sell the car "as is." No warranties on the vehicle. Private parties are more likely to sell the car "as is." No trade options. You'll probably need to pay the asking price in full at the time of purchase. No trade options. You'll probably need to pay the asking price in full at the time of purchase. You must complete and submit most of the paperwork yourself. This may include title transfers, a bill of sale, registration documents, etc. You must complete and submit most of the paperwork yourself. This may include title transfers, a bill of sale, registration documents, etc. Limited to seller's time schedule for inspecting the vehicle. Limited to seller's time schedule for inspecting the vehicle. You may have to travel a long distance just to see a single vehicle. You may have to travel a long distance just to see a single vehicle.

Weighing Loan Options Focus on interest rate (APR) Focus on interest rate (APR) Look at the length of loan Look at the length of loan Be sure to look at total cost of loan Be sure to look at total cost of loan Shorter loans cost less overall Shorter loans cost less overall Long term loans lengthens the amount of time before you have built up equity Long term loans lengthens the amount of time before you have built up equity Can cause issues with trade ins and insurance pay outs Can cause issues with trade ins and insurance pay outs Consider your situation in life Consider your situation in life

Leasing Financing the use of a vehicle for a specified number of months Financing the use of a vehicle for a specified number of months Contract with a leasing provider that allows you to drive car and only pay for the portion of the vehicle's value that you use up during the time you're driving it Contract with a leasing provider that allows you to drive car and only pay for the portion of the vehicle's value that you use up during the time you're driving it Agree to pay for insurance, licenses, taxes, repairs, and maintenance Agree to pay for insurance, licenses, taxes, repairs, and maintenance Similar to renting and the leasing provider retains ownership and title to the vehicle throughout the lease Similar to renting and the leasing provider retains ownership and title to the vehicle throughout the lease At lease-end you can simply return your vehicle to the provider, or you may purchase the vehicle and continue driving it At lease-end you can simply return your vehicle to the provider, or you may purchase the vehicle and continue driving it

Who Should Lease Here's how to determine if you are a good leasing candidate: Here's how to determine if you are a good leasing candidate: Are you willing to trade ownership of your vehicle for lower monthly payments? Are you willing to trade ownership of your vehicle for lower monthly payments? Can you stick with your lease until the end? Can you stick with your lease until the end? Commit to driving your vehicle for a specific number of months — typically 24, 36, 48, or 60 months Commit to driving your vehicle for a specific number of months — typically 24, 36, 48, or 60 months Changes in finances or tastes? Not a good lease candidate because ending a lease early is troublesome and costly Changes in finances or tastes? Not a good lease candidate because ending a lease early is troublesome and costly Do you drive more than 15,000 miles annually? Do you drive more than 15,000 miles annually? If yes, you are not a good candidate because lease contracts an annual mileage limit, typically 10,000-15,000 miles If yes, you are not a good candidate because lease contracts an annual mileage limit, typically 10,000-15,000 miles If you drive more that the specified number of miles you will pay a fee for every mile over the limit If you drive more that the specified number of miles you will pay a fee for every mile over the limit

Test Driving Is it easy to get in and out of the car without stooping or hitting your head? Is it easy to get in and out of the car without stooping or hitting your head? Is there enough head-, hip- and legroom? Remember to check the backseat, too. Is there enough head-, hip- and legroom? Remember to check the backseat, too. Is the driving position comfortable? Do you feel too low or too high in the car? Can you tilt or telescope the steering wheel for a better fit? Is the driving position comfortable? Do you feel too low or too high in the car? Can you tilt or telescope the steering wheel for a better fit? Is the seat comfortable? Is it easily adjustable? Is there a lumbar support adjustment? Is the seat comfortable? Is it easily adjustable? Is there a lumbar support adjustment? Are the controls easy to read and use? Are the controls easy to read and use? How is the visibility? Check the rearview mirror and the side mirrors. How is the visibility? Check the rearview mirror and the side mirrors. Are the pedals situated to match your body type? If not, are they adjustable? Are the pedals situated to match your body type? If not, are they adjustable?

Acceleration Acceleration Engine noise Engine noise Passing acceleration (does it downshift quickly?) Passing acceleration (does it downshift quickly?) Hill-climbing power Hill-climbing power Braking (do the brakes "grab" suddenly?) Braking (do the brakes "grab" suddenly?) Steering (does it have any play in the wheel? is it easy to place the car?) Steering (does it have any play in the wheel? is it easy to place the car?) Cornering (does it "hug the road" or does it wallow about?) Cornering (does it "hug the road" or does it wallow about?) Suspension (how does it ride?) Suspension (how does it ride?) Seat comfort and ergonomics Seat comfort and ergonomics

Rattles and squeaks Rattles and squeaks Cargo space (is the vehicle easy to load and does it expand?) Cargo space (is the vehicle easy to load and does it expand?) What’s the car like in town, in faster roads, on the freeway? Will the car suit the journeys you typically have to make? For instance, do you drive mostly on freeways, or down country lanes? Can you park it easily? Is it easy to maneuver? Will the car fit on your driveway or in your garage? Can you afford the fuel bills, tax and insurance?

What Adds Value to Your Car? Valuable Custom Car Accessories/Options Valuable Custom Car Accessories/Options Rims/Custom Wheels Rims/Custom Wheels Navigation systems Navigation systems Entertainment systems Entertainment systems Satellite radio Satellite radio Leather seats Leather seats Moon/Sun roof Moon/Sun roof Intelligent keys Intelligent keys Body kits Body kits Custom painting/tinting Custom painting/tinting Little Value Car Accessories/Options Crazy paint jobs Cheap window tinting Stickers Seat Covers

Extending the Life of Your Car 1. Change Oil on Schedule 1. Change Oil on Schedule Every 3,000 miles or 3 months, whichever first Every 3,000 miles or 3 months, whichever first 2. Follow Routine Maintenance 2. Follow Routine Maintenance Periodic checks can avoid major problems Periodic checks can avoid major problems 3. Keep Car in Garage 3. Keep Car in Garage Keep in garage, safe from weather, theft, and vandalism Keep in garage, safe from weather, theft, and vandalism Keep engine warmer, less stress on engine Keep engine warmer, less stress on engine

Extending the Life of Your Car 4. Clean and Wax Your Car 4. Clean and Wax Your Car Use protective wax to guard from sun and water Use protective wax to guard from sun and water Touch up dents and dings to protect from rust Touch up dents and dings to protect from rust 5. Preserve the Interior 5. Preserve the Interior Cloth more durable than vinyl, but leather holds up the best Cloth more durable than vinyl, but leather holds up the best Use floor mats to protect carpet Use floor mats to protect carpet 6. Follow Wise Driving Habits 6. Follow Wise Driving Habits

Negotiating the Car Prices To prepare for a car price negotiations, you need to be familiar with the starting price of the car. Do a little research about manufacturer's suggested retail price of the car. Also, know which car is selling in your region. It might be because the suggested retail prices might be different from the actual selling price. To prepare for a car price negotiations, you need to be familiar with the starting price of the car. Do a little research about manufacturer's suggested retail price of the car. Also, know which car is selling in your region. It might be because the suggested retail prices might be different from the actual selling price. Know the demand and supply of cars. There are times when dealers have to negotiate a much higher price than the standard price due to added costs. Once you will be aware of the trend done by dealers, you will either accept the added cost or choose a car in low demand instead. Know the demand and supply of cars. There are times when dealers have to negotiate a much higher price than the standard price due to added costs. Once you will be aware of the trend done by dealers, you will either accept the added cost or choose a car in low demand instead. Bring with you an invoice price of the car when you want to negotiate for prices. Since invoices prices are the exact prices that the dealers have paid for the car, you can show the invoice price and deal for a much lower prices. If you are a smart negotiator, then you will surely do this exact tactic. Bring with you an invoice price of the car when you want to negotiate for prices. Since invoices prices are the exact prices that the dealers have paid for the car, you can show the invoice price and deal for a much lower prices. If you are a smart negotiator, then you will surely do this exact tactic.

Another trick to negotiate for the price of the car is to do trade-ins. Most negotiators do not understand the importance of trade-in allowances. So before you think of buying a car, know how to negotiate well. Be willing to discuss the prices without making car dealers hide the increased car prices in financing. Another trick to negotiate for the price of the car is to do trade-ins. Most negotiators do not understand the importance of trade-in allowances. So before you think of buying a car, know how to negotiate well. Be willing to discuss the prices without making car dealers hide the increased car prices in financing. Be familiar with jargon words and the standard options packages. Learn the language of dealers and how they work their way around customers. This is to avoid being scammed or getting tricked by any car dealers. Be familiar with jargon words and the standard options packages. Learn the language of dealers and how they work their way around customers. This is to avoid being scammed or getting tricked by any car dealers. While negotiating for the car prices, it is better ask the car dealer if it includes all taxes and fees when purchasing the car. If you are a first time buyer, then you may be greatly surprised by the added fees. Don't be tricked of these fees since these fees are not usually included in the car price. While negotiating for the car prices, it is better ask the car dealer if it includes all taxes and fees when purchasing the car. If you are a first time buyer, then you may be greatly surprised by the added fees. Don't be tricked of these fees since these fees are not usually included in the car price. A car price negotiator must understand how to set a deal with car dealers. He or she must be willing to discuss any added options without getting a higher price. A negotiator must know when to put his foot down when being tricked of high car prices and costs. In short, always be smart when buying a car. A car price negotiator must understand how to set a deal with car dealers. He or she must be willing to discuss any added options without getting a higher price. A negotiator must know when to put his foot down when being tricked of high car prices and costs. In short, always be smart when buying a car.

Odometer Fraud Tampering with an odometer is a federal crime. The U.S. Department of Justice estimates odometer fraud costs consumers an average of $4,000 per car. One in 10 American cars has a rolled back odometer, according to Jack Gillis from the Consumer Federation of America. One in 10 American cars has a rolled back odometer, according to Jack Gillis from the Consumer Federation of America. Every year American car buyers lose over $1 billion to odometer fraud, says the National Highway Traffic Safety Administration (NHTSA). When odometer rollback takes place, an average of 50,000 miles are wiped from the car’s clock. Every year American car buyers lose over $1 billion to odometer fraud, says the National Highway Traffic Safety Administration (NHTSA). When odometer rollback takes place, an average of 50,000 miles are wiped from the car’s clock.

Digital Odometers Harder to determine if a digital odometer has tampered with than a traditional mechanical odometers (since they have no visible moving parts) Harder to determine if a digital odometer has tampered with than a traditional mechanical odometers (since they have no visible moving parts) A vehicle's condition and a detailed history report are the best clues a buyer has for determining whether clocking has occurred A vehicle's condition and a detailed history report are the best clues a buyer has for determining whether clocking has occurred Auto manufacturers developed the digital odometer, in large part, to alleviate the problem of odometer tampering Auto manufacturers developed the digital odometer, in large part, to alleviate the problem of odometer tampering Odometer fraud is highest in California, Nevada, Massachusetts, New York and Texas but it is so widespread that all used car buyers need to look out for it. Odometer fraud is highest in California, Nevada, Massachusetts, New York and Texas but it is so widespread that all used car buyers need to look out for it.

Detecting Odometer Fraud Ask to see the title and compare the mileage on it with the vehicle's odometer. Be sure to examine the title closely if the mileage notation seems obscured or is not easy to read. Ask to see the title and compare the mileage on it with the vehicle's odometer. Be sure to examine the title closely if the mileage notation seems obscured or is not easy to read. Compare the mileage on the odometer with the mileage indicated on the vehicle's maintenance or inspection records. Also, search for oil-change and maintenance stickers on windows or door frames, in the glove box or under the hood. Compare the mileage on the odometer with the mileage indicated on the vehicle's maintenance or inspection records. Also, search for oil-change and maintenance stickers on windows or door frames, in the glove box or under the hood. Request a CARFAX Vehicle History Report to check for odometer discrepancies in the vehicle's history. If the seller doesn't have a vehicle history report, use the car's VIN to order a CARFAX vehicle history report online. Request a CARFAX Vehicle History Report to check for odometer discrepancies in the vehicle's history. If the seller doesn't have a vehicle history report, use the car's VIN to order a CARFAX vehicle history report online.CARFAX Vehicle History ReportCARFAX Vehicle History Report

CARFAX Summarizes car history report to CARFAX for a specific vehicle since it left the factory. Summarizes car history report to CARFAX for a specific vehicle since it left the factory. CARFAX receives data from more than 34,000 different sources including every US state and Canadian provincial motor vehicle agency, plus many police and fire departments, collision repair facilities, auto auctions, etc CARFAX receives data from more than 34,000 different sources including every US state and Canadian provincial motor vehicle agency, plus many police and fire departments, collision repair facilities, auto auctions, etc Most comprehensive vehicle history database in North America, containing over 9 billion records and growing every day. Most comprehensive vehicle history database in North America, containing over 9 billion records and growing every day. Before you buy a used car, we recommend that in addition to getting a CARFAX Report, you always take a test drive and have the vehicle inspected by a qualified mechanic. Before you buy a used car, we recommend that in addition to getting a CARFAX Report, you always take a test drive and have the vehicle inspected by a qualified mechanic. Sample Report Sample Report http://www.carfax.com/phoenix/vehicle_history/SampleReport.c fx?reportName=consumerMobileWeb http://www.carfax.com/phoenix/vehicle_history/SampleReport.c fx?reportName=consumerMobileWeb http://www.carfax.com/phoenix/vehicle_history/SampleReport.c fx?reportName=consumerMobileWeb http://www.carfax.com/phoenix/vehicle_history/SampleReport.c fx?reportName=consumerMobileWeb

Advantages for Buying New Choose options, colors, interior trim and details yourself Choose options, colors, interior trim and details yourself It's fresh, shiny and new and no worries about the car's past life It's fresh, shiny and new and no worries about the car's past life Full manufacturer warranty Full manufacturer warranty It's easier to get redress if the car turns out to be a dud It's easier to get redress if the car turns out to be a dud You should be able to trade in your own older car in part-exchange, unless it's a real heap You should be able to trade in your own older car in part-exchange, unless it's a real heap

Disadvantages for Buying New Your new car will lose value the moment you leave the lot - and keep on losing value. Your new car will lose value the moment you leave the lot - and keep on losing value. Your new car won't look new for long – manufacturer changes and updates Your new car won't look new for long – manufacturer changes and updates Buying new doesn’t guarantee reliability and customer satisfaction Buying new doesn’t guarantee reliability and customer satisfaction There can be troubles with newer models, or you could end up with a 'Friday afternoon' car with build or paint-quality defects. There can be troubles with newer models, or you could end up with a 'Friday afternoon' car with build or paint-quality defects.

Advantages for Buying Used Wider choice of models and types for the amount you have to spend Wider choice of models and types for the amount you have to spend Depreciation (value loss) will have slowed down Depreciation (value loss) will have slowed down Any initial running-in problems will already have been sorted Any initial running-in problems will already have been sorted Nearly-new cars may have some warranty left Nearly-new cars may have some warranty left History checks take away most of the worry History checks take away most of the worry

Disadvantages for Buying Used You may not be sure if the car has been correctly maintained and serviced to schedule, let alone if it's been driven hard You may not be sure if the car has been correctly maintained and serviced to schedule, let alone if it's been driven hard The higher-mileage the car, the greater the risk of component failure and breakdowns The higher-mileage the car, the greater the risk of component failure and breakdowns You never quite know where an older car has been and a history check may not show everything You never quite know where an older car has been and a history check may not show everything

Buying a Used Car? How old is the car? More than six years can be questionable unless the mileage is low. How old is the car? More than six years can be questionable unless the mileage is low. How old are the parts in the car? Has it been well-maintained? Have parts been replaced? How old are the parts in the car? Has it been well-maintained? Have parts been replaced? Does the paint feel smooth or is it covering rust or dents? Does the paint feel smooth or is it covering rust or dents? Can you get the paperwork that should come with the vehicle? Can you get the paperwork that should come with the vehicle?

Costs of Operating a Car 1. Gas and Oil – depends on size of auto and miles driven. 1. Gas and Oil – depends on size of auto and miles driven. 2. Depreciation 2. Depreciation Car age increase means mechanical difficulties Car age increase means mechanical difficulties Old vehicles appreciate in value Old vehicles appreciate in value Auto value depends on mileage and body condition Auto value depends on mileage and body condition 3. Registration and Titling 3. Registration and Titling Registration fee charged in all states Registration fee charged in all states Registration and sale taxes occur at the time of purchase only Registration and sale taxes occur at the time of purchase only License fee is annual (based on value and/or weight depending on state you live in) License fee is annual (based on value and/or weight depending on state you live in)

Costs of Operating a Car 4. Maintenance and Repairs 4. Maintenance and Repairs Tune-up every 20,000 to 30,000 miles Tune-up every 20,000 to 30,000 miles Plan on unscheduled repairs (flat tires, broken belts, hoses) Plan on unscheduled repairs (flat tires, broken belts, hoses) As car ages increases, so does cost As car ages increases, so does cost 5. Accessories 5. Accessories Snow tires, floor mats, seat and wheel covers, sound systems, and striping and painting Snow tires, floor mats, seat and wheel covers, sound systems, and striping and painting Sometimes add to value Sometimes add to value

Your Auto Repair Rights! A written estimate of cost before any repairs are begun that will cost $20 or more A written estimate of cost before any repairs are begun that will cost $20 or more Know about and approve (or refuse) any work done beyond the estimate Know about and approve (or refuse) any work done beyond the estimate Have repairs made by a Michigan certified mechanic Have repairs made by a Michigan certified mechanic An itemized final bill An itemized final billAND….. Inspect and receive replaced parts Inspect and receive replaced parts

Auto Repair Tips and Hints Do not try to diagnose the problem unless you are qualified. Do not try to diagnose the problem unless you are qualified. When looking for a repair shop, ask your friends or coworkers for recommendations. When looking for a repair shop, ask your friends or coworkers for recommendations. Shop around before agreeing to expensive repairs. Shop around before agreeing to expensive repairs. Before you have a vehicle repaired, get a written estimate for repairing the vehicle, including teardown and reassembly. Before you have a vehicle repaired, get a written estimate for repairing the vehicle, including teardown and reassembly. If a repair shop suggests repairs that you question, ask for a written reason why the repairs are needed. If a repair shop suggests repairs that you question, ask for a written reason why the repairs are needed. Ask the repair shop if it guarantees its work (labor, parts or both). If so, all terms of the guarantee must be in writing. Ask the repair shop if it guarantees its work (labor, parts or both). If so, all terms of the guarantee must be in writing. If you are asked to sign a document, take a copy of it for your records. If you are asked to sign a document, take a copy of it for your records. Never sign a blank document. Never sign a blank document. Leave a telephone number where you can be reached. Leave a telephone number where you can be reached. If you have a problem you cannot resolve with the repair shop, call the toll-free telephone number below. If you have a problem you cannot resolve with the repair shop, call the toll-free telephone number below.

Follow Wise Driving Habits Follow Wise Driving Habits New Cars New Cars Don’t drive for long stretches at constant speeds Don’t drive for long stretches at constant speeds First 1,000 mi. – drive progressively faster, accelerating gradually First 1,000 mi. – drive progressively faster, accelerating gradually Avoid fast starts, sudden stops, sharp turns, rapid gear changes Avoid fast starts, sudden stops, sharp turns, rapid gear changes All Cars All Cars Don’t race cold engines Don’t race cold engines Coolants in summer, antifreezes in winter Coolants in summer, antifreezes in winter Don’t shift forward while car is rolling backward Don’t shift forward while car is rolling backward

Follow Wise Driving Habits Follow Wise Driving Habits All Cars All Cars Don’t turn steering wheel when car is motionless Don’t turn steering wheel when car is motionless Keep windshield and back window free of ice Keep windshield and back window free of ice Don’t run dry wipers over dry glass Don’t run dry wipers over dry glass Check gauges and warning lights Check gauges and warning lights Immediately get them checked out Immediately get them checked out Wear seatbelt Wear seatbelt

Top 10 Things People Do to Ruin Car 1. Not Using The Parking Brake 1. Not Using The Parking Brake It’s a little pedal near your left leg, or a lever on your right. Yes, that mysterious device that you’ve never used is actually valuable. It’s a little pedal near your left leg, or a lever on your right. Yes, that mysterious device that you’ve never used is actually valuable. When you park on an incline, or even on fairly steady ground, without using the parking brake, you’re putting all of the stress of the car on your transmission. The only thing inside that transmission holding your car steady is a little pin called a parking pawl. When you park on an incline, or even on fairly steady ground, without using the parking brake, you’re putting all of the stress of the car on your transmission. The only thing inside that transmission holding your car steady is a little pin called a parking pawl. parking By using the parking brake, you lock up the non-drive wheels as well as the drive wheels and take the stress off of the transmission. It’ll add years of life to your cars transmission. Just remember to disengage it before you start driving again. By using the parking brake, you lock up the non-drive wheels as well as the drive wheels and take the stress off of the transmission. It’ll add years of life to your cars transmission. Just remember to disengage it before you start driving again.drive wheelsdrive wheels

2. Not Coming To A Complete Stop Before Shifting You’re in a rush, and you pull out of a parking space and shift into drive while the car is still coasting backwards. You’re in a rush, and you pull out of a parking space and shift into drive while the car is still coasting backwards. You’ve just added months of wear to your transmission in seconds. Inside your transmission is a complex set of gears, when you shift without stopping like that, you’re asking those gears to work as your brakes, which puts an amazing amount of stress on such a small area. You’ve just added months of wear to your transmission in seconds. Inside your transmission is a complex set of gears, when you shift without stopping like that, you’re asking those gears to work as your brakes, which puts an amazing amount of stress on such a small area. You can also damage your drive shafts, the things that send power to the wheels, by shifting that way. After a while, it’ll lead to sloppy suspension handling, and a worn out transmission. You can also damage your drive shafts, the things that send power to the wheels, by shifting that way. After a while, it’ll lead to sloppy suspension handling, and a worn out transmission.

3. Riding The Brakes Down A Hill If you are driving on a hill that goes on for a while, you’ll want to avoid riding the brake the whole time. Alternate between braking and letting off the brake so you don’t heat up and wear out your brake pads. If you are driving on a hill that goes on for a while, you’ll want to avoid riding the brake the whole time. Alternate between braking and letting off the brake so you don’t heat up and wear out your brake pads.brake padsbrake pads It’s a common mistake, because it feels like the safest way to maneuver down a hill, but if the hill is sufficiently long, you can end up almost totally wearing out your pads, since as they heat up, they wear faster. It’s a common mistake, because it feels like the safest way to maneuver down a hill, but if the hill is sufficiently long, you can end up almost totally wearing out your pads, since as they heat up, they wear faster.

4. Forgetting To Change The Oil You need to change your oil every 5,000 miles at the most. That’s really all there is to it. You need to change your oil every 5,000 miles at the most. That’s really all there is to it. I actually read a blog online that said you can wait until your oil light comes on to change your oil. I’ve worked in the automotive business … by the time your oil light comes on, the oil inside your engine has turned into jet black molasses and is of no use to your engine. I actually read a blog online that said you can wait until your oil light comes on to change your oil. I’ve worked in the automotive business … by the time your oil light comes on, the oil inside your engine has turned into jet black molasses and is of no use to your engine.automotive business automotive business In the short term, I suppose it’s not that important, but more frequent changes can actually double the life of your car and greatly increase its performance. In the short term, I suppose it’s not that important, but more frequent changes can actually double the life of your car and greatly increase its performance.

5. Pressure Washing The Engine I can respect a person’s desire to want a clean engine. It gets grimy under there and a guy with a pressure washer is a dangerous thing for grime – you want to point it at anything even slightly dirty. But a grimy engine that runs right is better than a clean engine that doesn’t run at all. I can respect a person’s desire to want a clean engine. It gets grimy under there and a guy with a pressure washer is a dangerous thing for grime – you want to point it at anything even slightly dirty. But a grimy engine that runs right is better than a clean engine that doesn’t run at all. And if you spray a high powered jet of water around rubber seals and hoses and electrical bits, you’re bound to dislodge something important. And if you spray a high powered jet of water around rubber seals and hoses and electrical bits, you’re bound to dislodge something important. A modern engine is a complex thing, all manner of sensors and wiring harnesses and components, and it’s no place for a jet of high pressure water. A regular garden hose is OK if you want to wash it down, just be careful with the high pressure business. A modern engine is a complex thing, all manner of sensors and wiring harnesses and components, and it’s no place for a jet of high pressure water. A regular garden hose is OK if you want to wash it down, just be careful with the high pressure business.

6. Starting Your Car The Wrong Way It seems simple, but you can make a big difference by turning off your radio, wipers, climate control, all of those accessories, when you start the car. Most of the wear on the engine happens when you start the car, and by turning off those accessories, your engine doesn’t have to work as hard when starting. It seems simple, but you can make a big difference by turning off your radio, wipers, climate control, all of those accessories, when you start the car. Most of the wear on the engine happens when you start the car, and by turning off those accessories, your engine doesn’t have to work as hard when starting. Another thing people do is revving the engine in the winter. This actually doesn’t help “warm up” the car. Although it does technically make the engine hotter, it’s not the kind of “warming up” that you want. Revving your engine in the winter causes extreme temperature changes right away, which is actually the opposite of what you want. When you start the car, the oil hasn’t yet worked its way through the system, so the engine is working without lubricant. The right way to do it is just let the car sit and idle for about 30 seconds to a minute at the least. Another thing people do is revving the engine in the winter. This actually doesn’t help “warm up” the car. Although it does technically make the engine hotter, it’s not the kind of “warming up” that you want. Revving your engine in the winter causes extreme temperature changes right away, which is actually the opposite of what you want. When you start the car, the oil hasn’t yet worked its way through the system, so the engine is working without lubricant. The right way to do it is just let the car sit and idle for about 30 seconds to a minute at the least.

7. Ignoring Your Car’s Sounds Every sound your car makes means something, if you pay attention, your car can usually tell you exactly what needs fixing. Every sound your car makes means something, if you pay attention, your car can usually tell you exactly what needs fixing. Those squeaking brakes mean you need new pads, and if you ignore that sound, eventually you’ll hear scraping metal, which means you need new rotors, and if you ignore that, you’ll eventually hear the sound of your own scream as you lose your brakes completely and fly off a cliff in a spectacular fireball of death. It’s more common than you think. Listen to your car. Those squeaking brakes mean you need new pads, and if you ignore that sound, eventually you’ll hear scraping metal, which means you need new rotors, and if you ignore that, you’ll eventually hear the sound of your own scream as you lose your brakes completely and fly off a cliff in a spectacular fireball of death. It’s more common than you think. Listen to your car.

8. Letting The Interior Go You’re in a rush again, and you eat most of your disgusting egg and cheese bagel, and toss the rest in the wrapper on the passenger seat. Lovely. You know who you are, your car is filthy, never been vacuumed, 15 air fresheners hang on the mirror, and yet, no air freshener made by mortal man can stop the sickening wind within your car. You need to clean it. You’re in a rush again, and you eat most of your disgusting egg and cheese bagel, and toss the rest in the wrapper on the passenger seat. Lovely. You know who you are, your car is filthy, never been vacuumed, 15 air fresheners hang on the mirror, and yet, no air freshener made by mortal man can stop the sickening wind within your car. You need to clean it. If you don’t vacuum your carpets and clean out the garbage every so often, you’ll develop a smell that is impossible to destroy. I’ve worked in the auto salvage business, and I know that there exist smells that are so obscene, so inhuman, that no shampoo can vanquish them. The only way to stop them is to never let them develop. Clean your car, for the sake of all mankind. If you don’t vacuum your carpets and clean out the garbage every so often, you’ll develop a smell that is impossible to destroy. I’ve worked in the auto salvage business, and I know that there exist smells that are so obscene, so inhuman, that no shampoo can vanquish them. The only way to stop them is to never let them develop. Clean your car, for the sake of all mankind.auto salvageauto salvage

9. Running Your Car Down To Empty There’s actually a bit of a debate about this one. The old wisdom says if your car gets down to E, the sediment in your tank will get sucked into the system and foul your fuel injectors. Although some mechanics says that's not true. Either way, running down to E does pose other problems. You cut the life of the fuel pump considerably, since the fuel actually cools the pump. There’s actually a bit of a debate about this one. The old wisdom says if your car gets down to E, the sediment in your tank will get sucked into the system and foul your fuel injectors. Although some mechanics says that's not true. Either way, running down to E does pose other problems. You cut the life of the fuel pump considerably, since the fuel actually cools the pump. An interesting note: Most cars can drive another 60 miles+ after they hit Empty, automakers call this extra gas the “buffer zone”. US cars have the largest “buffer zone” of any vehicles. German drivers, for instance, like to know exactly how much gas in is the car, so their “buffer zone” between the gauge’s E and the actual empty tank is much smaller. An interesting note: Most cars can drive another 60 miles+ after they hit Empty, automakers call this extra gas the “buffer zone”. US cars have the largest “buffer zone” of any vehicles. German drivers, for instance, like to know exactly how much gas in is the car, so their “buffer zone” between the gauge’s E and the actual empty tank is much smaller. drivers

10. Driving Past Attractive Women This is a common mistake, especially among younger male drivers. Attractive women can be incredibly damaging to your vehicle, they can cause the driver to install bizarre over-sized woofers or 22 inch rims, or even spontaneously crash the car into a nearby tree or telephone pole. This is a common mistake, especially among younger male drivers. Attractive women can be incredibly damaging to your vehicle, they can cause the driver to install bizarre over-sized woofers or 22 inch rims, or even spontaneously crash the car into a nearby tree or telephone pole. When you’re driving, be careful to avoid swimming pools, beaches, college campuses, anyplace where beautiful girls assemble in any significant numbers. Your car will thank you. When you’re driving, be careful to avoid swimming pools, beaches, college campuses, anyplace where beautiful girls assemble in any significant numbers. Your car will thank you.

Parent Survey At this time of year, parents from across the country are sending their driving-age kids to high schools and colleges. So we at AutoExtra.com were wondering how many of those students were sent back to school with a new set of car keys? Who bought the cars? Were they new cars or used? How much did the cars cost? The AutoExtra.com Kids’ First Car Survey is designed to ask and answer questions about parents, students and their cars. Here are some of the interesting findings: At this time of year, parents from across the country are sending their driving-age kids to high schools and colleges. So we at AutoExtra.com were wondering how many of those students were sent back to school with a new set of car keys? Who bought the cars? Were they new cars or used? How much did the cars cost? The AutoExtra.com Kids’ First Car Survey is designed to ask and answer questions about parents, students and their cars. Here are some of the interesting findings: 76% of their children have their own car 76% of their children have their own car 82% of those cars were bought used 82% of those cars were bought used

Money Matters Money Matters 54% of the cars cost under $10,000 54% of the cars cost under $10,000 51% were paid for in-full by the child’s parent or parents 51% were paid for in-full by the child’s parent or parents 23% shared the cost with their children 23% shared the cost with their children 72% of the parents did not have cars bought for them when they were students 72% of the parents did not have cars bought for them when they were students Major Factors Parents Said Are Extremely Important When Buying Their Child’s First Car Major Factors Parents Said Are Extremely Important When Buying Their Child’s First Car 90% safety and reliability 90% safety and reliability 79% price 79% price 68% fuel efficiency 68% fuel efficiency 67% age and mileage 67% age and mileage 42% make/model 42% make/model 24% style/coolness 24% style/coolness 13% car’s color 13% car’s color

Major Factors that Parents Thought Were Important to Children Major Factors that Parents Thought Were Important to Children 66% style/coolness 66% style/coolness 61% safety/reliability 61% safety/reliability 53% age/mileage 53% age/mileage 53% make/model 53% make/model 52% price 52% price 50% fuel efficiency 50% fuel efficiency 37% color 37% color Buying Habits Buying Habits 54% of the cars cost under $10,000 54% of the cars cost under $10,000 36% purchased from a private seller 36% purchased from a private seller 2% purchased through an online auction 2% purchased through an online auction

Naming Cars Almost 4 in 10 polled said their car has a personality of its own. Almost 4 in 10 polled said their car has a personality of its own. 2 in 10 have a nickname for their car. Most often it is a female nickname... 2 in 10 have a nickname for their car. Most often it is a female nickname... Women were more likely than men to attribute personal traits to their cars, more likely than men to give their car a nickname and more likely to see their cars as female. Women were more likely than men to attribute personal traits to their cars, more likely than men to give their car a nickname and more likely to see their cars as female. 3 in 10 think of their car as having a gender, with 23 percent thinking of their cars as female, compared with just 7 percent male. 3 in 10 think of their car as having a gender, with 23 percent thinking of their cars as female, compared with just 7 percent male. 4 in 5 of those polled said they love to drive. Young adults and older people were more likely than those 30-39 to say they enjoy driving. 4 in 5 of those polled said they love to drive. Young adults and older people were more likely than those 30-39 to say they enjoy driving. People who make less than $25,000 were more likely than those who make more than $75,000 to say they enjoy driving. People who make less than $25,000 were more likely than those who make more than $75,000 to say they enjoy driving. Also, 62 percent say they can tell something about someone's personality just by the car he or she drives... Also, 62 percent say they can tell something about someone's personality just by the car he or she drives...

Do you have a name for your car? Allstate discovered the following about car names: By far the most common name is Betsy (mostly Betsy, some Betsey)-- 26 citations in survey. If you add in Bessie or Bessy, there are an additional eight entries listed (and one Bessie Lou). By far the most common name is Betsy (mostly Betsy, some Betsey)-- 26 citations in survey. If you add in Bessie or Bessy, there are an additional eight entries listed (and one Bessie Lou). Girls' names are more popular than boys' (some examples of girls' names include: Marie, Minnie, Molly, Agnes, Bella, Diana, Ginger, Nellie, Ruthy, Tammy and Vanessa). Girls' names are more popular than boys' (some examples of girls' names include: Marie, Minnie, Molly, Agnes, Bella, Diana, Ginger, Nellie, Ruthy, Tammy and Vanessa). Blue is popular with a total of five entries, not counting Big Blue, Blue Beast, Blue Bertha, Blue Sapphire, Blue Bomb, Bluebell, Bluebird and Blueboy Blue is popular with a total of five entries, not counting Big Blue, Blue Beast, Blue Bertha, Blue Sapphire, Blue Bomb, Bluebell, Bluebird and Blueboy Red is also fairly popular, but not on its own (only two "Red" citations). Big Red, Red October, Big Red One, Big Red Truck, etc.... also Red Baron, Red Car, Red Dragon, Red Racer, Red Robin and, of course, Red Hot Mama! Red is also fairly popular, but not on its own (only two "Red" citations). Big Red, Red October, Big Red One, Big Red Truck, etc.... also Red Baron, Red Car, Red Dragon, Red Racer, Red Robin and, of course, Red Hot Mama!

Green is probably the next favorite color. Entries include: Green Burrito, Green Goblin, Green Hornet, Green Weenie, Green Machine (most popular green name) and, of course, Green Meanie! Green is probably the next favorite color. Entries include: Green Burrito, Green Goblin, Green Hornet, Green Weenie, Green Machine (most popular green name) and, of course, Green Meanie! People seem to have lots of issues with their cars! Examples include: Little Blue Piece of Shit, Damn Mean Machine, Elizabitch, Fugly, Garbage Barge, Gutless Wonder, Mini Van of Doom, Piece of Shit, Rondi the Bitch Car, Car from Hell and Tin Can with Wheels. People seem to have lots of issues with their cars! Examples include: Little Blue Piece of Shit, Damn Mean Machine, Elizabitch, Fugly, Garbage Barge, Gutless Wonder, Mini Van of Doom, Piece of Shit, Rondi the Bitch Car, Car from Hell and Tin Can with Wheels. Two optimists named their cars Titanic. We also have Trouble, The Hearse, Grunt, 8-ball, The Chicken, and Barfmobile. Two optimists named their cars Titanic. We also have Trouble, The Hearse, Grunt, 8-ball, The Chicken, and Barfmobile. Some other notables include: Beepbop, Boris Badanov, Carry #2, Grocery Getter, Persephone, Saabena, Pimped-Out Mom- Mobile and Beeheemyth (a van). Some other notables include: Beepbop, Boris Badanov, Carry #2, Grocery Getter, Persephone, Saabena, Pimped-Out Mom- Mobile and Beeheemyth (a van).

Consumer Protection for Car Buyers - Warranty - Warranty Written guarantee, states what manufacturer will do if it doesn’t perform Written guarantee, states what manufacturer will do if it doesn’t perform Vary in time and mileage; usually cover basic parts against defects Vary in time and mileage; usually cover basic parts against defects -Lemon Laws -Lemon Laws According to most states, you have a lemon if in first year of ownership or 12,000 miles According to most states, you have a lemon if in first year of ownership or 12,000 miles Four unsuccessful trips to dealer to repair same defect Four unsuccessful trips to dealer to repair same defect Been out of service for at 30 days Been out of service for at 30 days Allow you to get money back or new car Allow you to get money back or new car Need good documentation and is a long process Need good documentation and is a long process

FTC Used Car Rule Designed to help used car buyers Designed to help used car buyers Rule requires a “Buyer’s Guide” sticker in window Rule requires a “Buyer’s Guide” sticker in window “As Is” – means buyer pays any repair costs “As Is” – means buyer pays any repair costs “Warranty” – seller will cover stated costs “Warranty” – seller will cover stated costs

Automobiles Personal Finance. Financing Your Car Car Dealers – May offer better deals during certain times of year, but generally higher rates Car Dealers.

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Automobiles Personal Finance. Financing Your Car Car Dealers – May offer better deals during certain times of year, but generally higher rates Car Dealers.

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