Posts

Why is my car insurance rate increasing?

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  Auto insurance plays a role in owning a vehicle, offering security in case of   accidents , theft and unexpected situations. However, many drivers are facing a hike in their auto insurance costs causing frustration and financial challenges. Having insight into the factors influencing these increases can assist policy holders in navigating the situation and making well informed choices regarding their insurance.                                                                                  car insurance     Auto insurance policies   typically provide types of coverage such as liability, collision, comprehensive, personal injury protection and underinsured motorist coverage. These coverages shield drivers from liabilit...

What is VIN Number Fraud & How you can prevent from becoming a victim?

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  In the modern time   used car buyers   can no longer rely solely on their instincts and basic automotive knowhow to find a good deal and trusting a car seller’s word has always been questionable. Many potential buyers who are just beginning their search for a used car are unaware of VIN-based fraud, such as VIN cloaking and title washing. These deceptive practices are used by criminals to misrepresent the car's true identity and condition.   VIN Number Fraud     As organized auto theft rings wreak havoc across the country, they employ a vast variety of complex auto theft and fraud related tactics across an extensive criminal network prominent in every   US state .    VIN cloning & Title Washing   has become one of the most lucrative methods allowing these criminal enterprises to   sell stolen vehicles   to unassuming public.   After stealing the vehicle, the thieves head to a neighboring state and visit a familiar ne...

What really happens to Lemon Vehicles?

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  A vehicle may be categorized as a lemon when it is determined to have significant manufacturing defects that affect their safety, value or utility. These defects are often irreparable despite multiple attempts to fix them.   Lemon Vehicles     Generally, various laws require the manufacturer to   repair , replace or refund the purchase of the vehicle if it meets specific criteria. We cannot clearly identify the legal definition of a   lemon vehicle   because each and every state has different laws with different previsions designed to protect consumers who purchase these defective vehicles. However, most state lemon laws stipulate that the manufacturer/dealer would have to have made a reasonable effort to rectify the defect and the vehicles remain out of service for a certain period of time before a lemon claim can be filed. For help with a possible lemon claim we suggest you research your local state   lemon laws   and if need be, seek the...

What Happens to New Cars that dealers are unable to sell?

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Cars that remain unsold on dealership lots for extended periods can become financial burdens for dealers. Each unsold vehicle represents a significant business investment tied up in inventory, accruing costs related to interest on loans taken to purchase the vehicles, insurance , and maintenance . Additionally, as these cars sit, they depreciate losing value over time, which can lead to further financial losses. The dealership also faces opportunity costs, as the space occupied by these unsold cars could be used for newer, more desirable models. Ultimately, long-term unsold vehicles can strain a dealership’s cash flow and profitability. In addition, keeping unsold previous year model cars can make the dealers inventory appear outdated and may turn away potential customers. buying a new car   To avoid these losses most dealers will employ the following tactics to sell slow moving and undesirable inventory: Discounts: The first and the most painless way car dealers get rid of slow-m...

10 questions you should ask before buying your next preowned vehicle

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Buying a used car is a great way to save money and still get a wonderfully valuable item out of the process. The best part about it is that used cars can be just as effective and reliable as a brand-new automobile . If you do your due diligence, you should be able to locate a vehicle at a reasonable price, should you choose a dealer or a private seller.  Buying a used car But if you are buying a used car, you need to do some investigating and research. There are certain questions that you should ask when you are hunting for a preowned car to call your own. By asking these questions, you will receive a frank, honest history of the automobile and will have a better understanding of what will come ahead for it. You need to know everything you can about any car you will call your own. Here are the best questions to ask to fill in all the blanks and have a solid, truthful history of your ride. Why are they Selling the Car? This is an excellent opportunity to get to know the seller and ...