Carvana Review

Image result for carvana

E-commerce sales have been rising for over a decade now, and they don’t show any signs of slowing down.  People can turn to the internet to buy almost anything.  Whether you’re purchasing groceries or clothing, there are many sites that can allow you to purchase the items you need with a few simple clicks.  And now, you can purchase a car with the same ease.  Carvana is a new website that allows an individual to purchase a used vehicle of their choice from their website.  This Carvana review will illustrate just how easy car buying has been made via e-commerce.  Carvana has a current inventory of over 7,000 vehicles with many makes, models and price points.

Carvana Review: How Vehicle Selection Works

Carvana allows the internet buyer to search for a vehicle of their choice with a number of easy search criteria filters.

Carvana Review
Carvana Search Filters

A buyer has the option to choose the style of car he or she wants, or a search can be done via various price points.  Once you select the various filters for the vehicle you are thinking about purchasing, a list of available vehicles will populate the screen.  You can search buy make, model, mileage, etc.  Once you select a vehicle you are interested in, you then enter the car’s portal where you can not only see more details about the vehicle, but you also have access into a 360 degree view.  You are then able to do a Carvana vehicle review of the selection by dragging your mouse across the screen to pull the car each and every way.  If there are any dings or scratches on the vehicle you have chosen, you will know right away.  A “yellow” symbol will appear notifying you on the imperfection along with the severity.  Once you have narrowed down your decision to the right vehicle, you are now able to continue along to purchase the vehicle.

Carvana Review: How Carvana Purchase Works

Carvana’s no haggle price along with their purchasing tools makes buying a car easy.  You fill in a few simple fields and get a loan rate and term length in a matter of no time.  You can go through Carvana’s financing or select a third party’s financing.  Once you have gone through financing and selected any additional warranty coverage, your car is ready to be delivered.  Worried that you will spend thousands on a car you’ve never seen and not like it?  Don’t worry.  Carvana has a peace of mind return policy that allows the buyer to return the vehicle, no questions asked, within 7 days of the purchase.

Carvana Review: Final Thoughts

Car buying has finally taken a step out of the stone age.  The ease of purchasing a vehicle online has been made simple and easy by Carvana.  Whether you are a first time car buyer or just looking for something new, Carvana makes purchasing a vehicle easy and without the added pressure of any car salesmen.  So if you are thinking of buying a new vehicle, check out Carvana or another online source to upgrade your car and your life.

A Comprehensive Cars.com Review

Many of us have read about Cars.com online or in the latest issue of USA Today. They’ve been endorsed by national news outlets and are most often associated with the online sale, trade and purchase of a new or used car. What some people might not know are the actual benefits of using their website. The benefits are actually pretty amazing, and might be more of what you are bargaining for when it comes to buying and maintaining your car.

Benefit 1: Research Car Models

So many times people go into a car dealership and get charged extortionate sticker prices, because they simply don’t know what a car is worth. Cars.com is a great place to know exactly what you are getting, the true value of the car, and just what you should be paying for your new or used car. With an easy comparison on cars.com, you can look at just about every make and model you might like to buy. All while comparing payments and learning just how much you should put down in order to finance your next car. You can also review a dealer, review a car, and read others reviews for honest comparisons by consumers just like you.

Benefit 2: The American-Made Index

Cars.com has come out a rating system, with something so many people look for in a car, a rating system that tells the consumer just how American their car really is. If you want to know what it takes to call a car American, look no further. In 2017, “Cars.com has revamped its longstanding American-Made Index for the first time. Over the AMI’s 11-year history, the number of models meeting our original criteria has fallen due to the globalization of automobile manufacturing — from more than 60 vehicles in the AMI’s inaugural year to eight last year. By the original requirements, only three 2017 models would have qualified this year.” If you’re looking to buy American made cars with American made parts, www.cars.com is the place to look for your next vehicle. Quite often buyers want to know if their engine was completely sourced in the U.S. Or they really want to know that an American vehicle was manufactured by an American car company. You can find all of that out and more in The American-Made Index.

Benefit 3: Service & Repair Options

Cars.com doesn’t just help you buy, sell and trade cars. They don’t just tell you which cars are American made and which hybrids offer more value for money when bought new. Cars.com actually offers you even more with their service and repair options. Not only can you get a service estimate and find a service center, you can also read some great advice on car service and repairs. Cars.com offers expert service advice on maintenance, brakes, coolant systems, drive trains and transmissions, electrics, engines, and so much more. Whether you are trying to figure out what is wrong with your car, or how to fix something yourself, their comprehensive advice is well worth the read. You can also read up on the latest safety recalls and notices, so you are on the up and up when it comes to keeping you safe on the open road.

Cars are an essential part of some people’s daily lives. They get you too and from work, take your kids to practice and summer camp, get some people to and from school, and often are the centerpiece of summer road trips and family vacations. That’s why it’s important to really be knowledgeable on cars and Cars.com can keep you in the know.

4 Tips to Get a Great Deal on a Car Loan

How to Save a Quick $250 in Your Yearly BudgetUnfortunately, more and more Americans are having a difficult time making their car payments on time. Although it’s not a significant portion of overall Americans just yet, the statistics don’t lie and people seem to be having a tougher time paying off their car loans.

Since the great recession, the number of subprime car loans has risen, so there are more borrowers that are struggling financially. This is obviously one of the major reasons why people are finding it so tough to pay for their cars.

To help make it easier on you, we will share four excellent tips that you can implement right away to get a great deal on a car loan. If you use the suggestions, your loan will be much more affordable over the long term.

  1. You Should Keep on Top of Your Credit Reports

In order to qualify for the best car loan possible, you have to make sure everything on your credit report is in good standing.

As an example, let’s say there are five errors on all three of your credit reports from TransUnion, Experian, and Equifax.

If these errors remain, they are going to lower your credit score. So you have to dispute them and take the necessary steps to have them corrected.

Once they are fixed, your credit score will rise and you’ll be able to attain a much lower interest rate for your car loan.

Because of all this, it is advisable to look at your credit record and even consider paying a fee to check your current score.

  1. Shop around with Multiple Lenders

You’re certainly willing to shop around to get the best vehicle, right? So why not shop around to check out multiple lenders?

Don’t get financing from the first lender to come along. See if you could find a better deal by approaching multiple auto lenders.

By going this route, you’ll be able to avoid paying a higher interest rate. Most people have a tendency to obtain financing at the dealership. But you’re smarter than that, so you’re going to do what’s right and get quotes from multiple lenders so that you can get a better interest rate.

  1. Choose a Shorter Loan If You Can Afford It

At this point, cars and other motor vehicles have become more and more expensive. And since these vehicles are more expensive, the life of the loan has become that much longer.

As a matter of fact, many people end up financing their new car for seven, eight, or even nine years in total. You can plainly see that even though the monthly payment will be lower with the longer term, you’re also going to pay more money over the long run by paying more interest.

Typically, these seven to nine year loans will have much higher interest rates than a shorter-term loan. It’s in your best interest to try and limit your car loan length as best you can, and if you can keep it to 48 months or less you’ll be much better off.

  1. Don’t Overextend Yourself

When buying a new car, many people have a belief that they can easily afford the monthly payment. And this is especially true if they happen to get a really good deal on a new car.

So, instead of paying whatever the dealership tells you, work on negotiating instead. Tell them that you would like to get a better deal and do what you can to lower your monthly payment.

Conclusion

If you use these four tips, you’ll have no trouble getting an excellent deal on a new car loan.

Getting the Best Return for your Auto Insurance Dollar

3 ways to save money on car insurance

Investments are all about getting the best return for your money. A stock that doubles in price can make a person rich, while one that loses value can cost them time and money. The same principles hold true when it comes to insurance, specifically auto insurance.

Auto insurance fees are a variable amount that can be affected by several factors. A safe driving record, the amount of your deductible and your credit rating can all affect the cost of your insurance. Managing these factors will allow you to spend less on insurance.

Insurance as an investment

By treating insurance as an investment, you can take control of the spending and create a policy that is right for you while still being within your budget. You want to maximize your benefits – in case of an accident – while minimizing your investment.

There are the limits, of course. Setting up a policy that doesn’t cover any of the factors you are concerned with is wasteful of time and money. Having too much coverage for policy issues that you do not need is also wasteful.

There are three areas that can be adjusted by the policyholder to lower your payments.

  • Increasing the deductible. By having a higher deductible, you can reduce the down payment and monthly fees for your car insurance. However, if you do have an accident, your out-of-pocket expenses will be higher than for someone with a low deductible. If you, and the other drivers of your vehicle have safe driving records, it is a risk that can be worth taking.
  • Combining policies. Using the same company for auto and home insurance allows you to combine policies and allows the insurance company to use a ‘low-risk’ homeowner’s policy to underwrite some of the cost of a ‘high-risk’ auto insurance policy. Bundling policies gives the insurance companies an incentive to lower your rates.
  • Carry the correct coverage for your vehicle. Over insuring a vehicle wastes your money. If you don’t need comprehensive coverage – for example, if the car is paid off and older – then the money you are spending for coverage is much higher than it needs to be.

There are plenty of other factors that can affect individual insurance policies, exploring your options, as tedious and frustrating as it sounds, can save you considerable sums.

Credit rating can be important

The way your credit rating affects your insurance rate varies from state to state and it is difficult to give a comprehensive overview. Speak with your car insurance company to get an idea of how much weight your credit rating will have on your insurance.

In most cases, improving your credit rating will have a positive effect on your insurance premiums. Improving your credit rating is a valuable goal in itself but the savings you can get through insurance can increase the benefits.

Compare auto insurance companies

Educating yourself about the options you have with your current or potential insurance companies can mean an enormous difference in both your policy and your payments. Monitoring your policy and how your credit rating affects it can make a significant difference.

Getting cheap car insurance with points on your record is possible. Taking safe driver courses and keeping your driver’s record clean will help and there is a specific time limit for when points go away. Shopping around for insurance can give you an idea on which companies will give you the best rate, no matter the current state of your record.

Once you know how the factors affect each other, you can make well-informed decisions on the type and amount of insurance that is best for you and your situation. Treating the purchase of insurance like it was an investment is easy, because that is exactly what it is.

How to Save a Quick $250 in Your Yearly Budget

How to Save a Quick $250 in Your Yearly Budget

In theory, budgeting should be pretty simple.  You make money, you spend money.  Sometimes you make more than you spend (Good budgeting!), and other times you spend more than you make (Digging yourself into debt).  Once you have downloaded the free budget spreadsheet: Monthly budget example.




For some budgeting income is pretty simple, it used to be for me.  I was a full-time salaried employee who made the same amount each month.  For others budgeting income is not all that simple.  If you are in a commissioned sales role, your money could fluctuate every month.  Not having a guaranteed income every month means that you have a further responsibility to budget your income correctly.

Budgeting expenses can be tricky in certain instances as well.  Some expenses will stay the same every month: rent, mortgage, cellphone.  While others will fluctuate depending on the time of year: utilities, gas, travel.  Although these “fluctuating” expenses can be hard to determine, in the big picture of things your monthly expenditures SHOULD (and for your financial sake NEED) to be less than your monthly income generated.

So how did I save a quick $250 a year in the expense portion of my budget?

All I did was… Shop around for automobile insurance.  This doesn’t sound fancy at all, but having an extra $20 a month freed up in my budget was something to get excited about.  Say you’ve been with the same car insurer since you first started driving; chances are you have a discount for that.  However, calling other insurance companies to get free quotes is not only easy, but it is a simple way to cut your expenses.  I was with the same car insurer since I turned 16.  I thought I was getting a great deal all along.  However, when I called a few other insurers, I found a much cheaper rate.  So cheap in fact, that it allowed me to save over $250 a year just on my car insurance (FYI, USAA has the best insurance rates and customer service).  That savings freed up an additional $20 a month in my budgeted expenses.  I could use that extra $20 any way I like.

You can save with almost every expense you have.  Whether it is renegotiating your cable bill, or shopping around for car insurance.  Find one expense category in your budget where you can chop out a little change.  The extra money can be used to pay off debt, go into savings, or fund a weekend getaway.  When it comes to budgeting, your expenses are half of the battle.  Lowering your monthly expenses is a great way to make your income go further.

Budget Smart, Invest Wise

If you liked this article, please share it on social media or leave me a comment below!