26 Feb 12 BMAC Finance Announce New Automotive Financing Service
Florida (PRWEB) February 13, 2012
Wanting to help drivers with bad credit purchase their dream used vehicle, BMAC Finance have today announced the launch of their new automotive financing service.
The service involves BMAC purchasing retail installment contracts from independent dealers and then servicing them as loans to maturity.
The company’s owners are excited by how this can help drivers with poor or little credit:
“A car is always a big purchase, and the process is made even more difficult if your credit is not very good, or if there isn’t much of it. we have taken a fresh approach to used car financing, and are confident this will open the doors to thousands of people who would otherwise be excluded from owning their dream vehicle” they say.
The company offers many unique features such as prompt approval, 24 hour financing, competitive economics, expert in-house collections and recovery and many more.
Pre-qualification takes just 30 seconds, and approval can be send instantly via email or text message.
“It’s all about closing the gap between those who can get automotive financing and those who can’t. We’ve set ourselves the mission of sorting this out, and that’s exactly what we’ll do,” says the team at BMAC Finance.
Find out more about the service today, and get on the road to a shiny new car kets by visiting: bmacfinance.com
BM Auto Capitol, LLC is a unique finance company with a specialization in bad credit auto loans.
The company is based out of South Florida and has contracts spanning the entire United States of America.
(954) 302-4547 option 5
Email: press(at)bmacfinance(dot)com
Website: bmacfinance.com/
18 Feb 12 5 Questions to Ask When Buying a Car at Auction
Would you buy a car sight unseen? at online car auctions, and sometimes even at a used auto auction, a buyer is willing to do just that. Learn how to buy a car at auction by asking five crucial questions.
1. Do you have the title in hand?
it is not uncommon to be told that a vehicle’s title is “in transit.” at a used auto auction, this is a fancy term indicating that the auction house has physical possession of the car, but it does not actually have the title in hand. Sometimes this is due to the auctioneer’s failure to apply for a clean title early enough before the auction. at other times, it is a possible hint that there are some problems with the car’s history that have not yet been resolved. Do not buy a car without a title. if you do, you will not be able to properly register it or even legally sell it.
2. May I have a copy of the car’s title check?
an auto auction house that advertises its title checks may not invest a lot of money into the practice. it may choose to run the cheapest check possible, which may guarantee that the auction house has the legal right to sell the vehicle, but it may not alert you to a prior salvage or insurance total demarcation. if the auction house runs title checks, and if the check is of the bare bones variety, run your own check — before buying a car at auction — on the vehicles that interest you. you may be surprised to learn that a car has a rebuilt title notation, which actually decreases the automobile’s value by up to 30 percent.
3. will you put it in writing?
Perhaps the most important lesson of how to buy a car at auction involves a thorough understanding of “buyer beware.” this should be followed closely by a crash course on “sold as is.” Buying a car at auction does not offer any implied warranties (like you might expect from a dealership) or even the understanding that there is recourse if the vehicle breaks down five minutes after leaving the auctioneer’s lot. if the seller is making a lot of promises, such as offering a 30-day guarantee, ask if the auction house will put it in writing. Oral promises are worthless.
4. what are your fees?
A used auto auction is supposed to offer you rock bottom prices. some auto auction houses add hefty fees. these may include anything from the cost of the title check to a 10 percent buyer fee. Know ahead of time what buying a car at auction will cost you — in addition to the price of the automobile.
5. has the car been in a flood?
if you are buying a car at auction, you hopefully know how to recognize flood damage, such as rusty brake drums or disks, sandy sediment in the trunk or under the floor mats. this question is a bit of a gotcha in that it forces the auctioneer to show his cards. if you find a car with this damage — and if the auctioneer is honest and admits that he either does not know or suspects that the car has indeed been flooded at one time — you can buy with greater confidence (though not necessarily the vehicle that was damaged). if the auctioneer does not admit to the flood damage, in spite of proof to the contrary, re-evaluate your commitment to buy at this used auto auction.
18 Feb 12 Chinese-made Cars are Coming to Canada. Beauty, eh?
In fact, they’re already here… but you wouldn’t know it just from looking. Japanese automaker Honda has begun importing the subcompact Honda Fit into Canada from Guangqi Honda Automobile Co. Ltd., in China. the move may pave the way for the long-awaited next step: Chinese-made cars from Chinese automakers.Pundits and prognosticators predicting a Chinese Car-pocalypse have been making like Chicken little for years now yet the worst fears of North American automakers still haven’t been realized – or have they? It seems that the 2012 Honda Fit is typical of how Chinese manufacturers of a host of large and pricey consumer items have dodged the dreaded “Made in China” label while still, in fact, making these items in China. Like it or not, your new “Japanese” auto was built at the Guangqi Honda Automobile Co., Ltd. factory in Guangzhou, Guangdong, China, where the Fit (under the model name “Jazz”) has been made and exported to Europe for at least 5 years. “Honda has a production system that it uses every place in the world,” stated Michelle Krebs, a senior analyst with Edmunds.com. “Consumers can be pretty confident that the same standards apply.”It’s an updated replay of the old “Japanese Transistor Radio Syndrome” from the 1960s. back then, anything marked “Made in Japan” was dismissed as cheap, flimsy and poorly made… sound familiar? It took a lot of time, persistent quality control measures and a relentless focus on customer satisfaction for Japanese products to shake their old reputation. Korean products followed a similar path in the 1980s: remember the awful, oil-smoke spewing Hyundai Pony? Fast forward a generation; the Hyundai Elantra just won the Canadian Car of the Year award at the 2012 Toronto Auto show. Undoubtedly Chinese cars will eventually carve out their own claims to fame in years to come but today’s consumers just don’t feel confident enough to spend their hard-earned bucks on big-ticket, Chinese-made products. By “hiding” them under Honda’s banner, however, these items get a free pass to our garages. This somewhat stealthy approach seems to be China inc.’s strategy these days. Take Haier Group, for instance – this huge Chinese manufacturer of white goods like washing machines just bought Aqua, formerly Sanyo Electric’s washing machine brand in Japan. Japanese consumers and Canadian car-buyers may not notice any difference in quality since various parts and sub-systems have been outsourced to Chinese manufacturers for years.the next step is obvious: China’s big industries will someday shrug off their foreign nameplates because really, that’s all they are. Customers will gradually become more comfortable with the idea of Chinese labels once the combination of appealing prices and acceptable quality makes the name game irrelevant. (via Car News China and the Globe and Mail)
17 Feb 12 How to cut the cost of commuting
Through the liftshare.com website, Lucy located three other people already in a car share, and who were making the same commute. she asked to join them and now alternates driving with car owners Rob Scott, 28, and Tom McDonald, 29. Fourth commuter Maisie Platts, 27, chips in £4-£5 a day for fuel.
Lucy says: “I save about £160 a month on petrol, plus wear and tear on my car. It’s absolutely fantastic.
“and there are other benefits – you can have a chat, or a rest if you’re not driving. You can also have a good whinge about work, so when you get home you’ve got it out of your system.”
Lucy is one of a growing number of commuters using the internet to find others to share their journey to work, slashing travel costs in the process. High fuel prices and insurance premiums, plus soaring train fares, mean many are finding it harder than ever to afford the daily commute. More are looking at car sharing as a cheaper – and greener – alternative.
Liftshare is the UK’s biggest car-sharing network and is seeing a surge in interest. Almost 64,000 people joined in 2010. in 2011, this rose to 71,000 – or about 6,000 new members per month. This means it’s on track to hit 500,000 members by April.
According to Liftshare, which is a social enterprise, the typical commuter who car-shares every day saves about £800 a year, but many save much more. meanwhile, 91 per cent of car commuting is single occupancy.
Members must be over 18 to register on the site, which is free to use. they input the trips they’d like to share, with details of times and destination, and search for suitable matches. People without a car can inquire about lifts in their area and contribute to fuel.
Cecilia Bromley-Martin, Liftshare’s head of communications, says rising motoring costs have had a definite impact on the popularity of the site.
“Petrol prices are double what they were in 1999 and many people have realised that driving to work on their own is just not viable. some of our members are saving well over £2,000 a year just for making the effort to find people to share with.”
She adds that a number of businesses now pay to use Liftshare’s systems to run their own car-sharing scheme, including Jaguar Land Rover, Sky and Scottish Power.
She says: “Employers are catching on to the benefits, which include solving parking issues and boosting their green credentials.”
Tom, a research scientist at the University of Liverpool who car-shares with Lucy, reckons he saves at least £1,200 in diesel per year for his Renault Clio. There’s also £350 on servicing and repairs and £100 on insurance due to cutting his mileage from 22,000 to 10,000.
Tom says: “I was a bit apprehensive at first, I wasn’t sure what was involved. After all, you’re sitting in a car with someone you don’t know. But now I wouldn’t want to drive to work on my own again.
“Car sharing has saved me a fair bit of money, but there are also environmental benefits and the social aspect of it. we get on really well, and with four of us there’s usually plenty to chat about.”
Car-sharing sites don’t only cater for commuters – they’re used for just about any journey, from students needing a lift home from university to the weekly shop.
Of course, not every online match will result in a successful car share for commuters. Pick up and drop off times and locations need to be agreed and stuck to as much as possible. for example, it might be tricky for someone who’s unable to guarantee the time they leave work. However, it is possible to mix and match to increase flexibility, such as sharing a lift to work with one person and the return journey with another.
There are also safety aspects to consider when getting into a vehicle with a stranger. Liftshare members are encouraged to use the site’s messaging system and meet in a public place before committing.
Safety was a concern for both Suzanne Phinan, 43, and Clare Howard, 48, who met through Liftshare last November. they now alternate driving the 88-mile round trip from their homes in Dunfermline to Ninewells Hospital in Dundee, where they both work. they estimate this saves them each at least £100 a month.
Suzanne, a theatre nurse, says: “a few people contacted me but when Clare got in touch I was relieved – it’s easier when it’s another woman, plus we had lots in common. We’re the same kind of age and both have kids.
“we emailed and arranged to meet in reception after work, just to be on the safe side. But we got on so well we decided to start car-sharing the following week. as well as saving money I really enjoy having company on the journey. It’s been a brilliant success.”
Scott Williams, a 34-year-old commercial manager, is also pleased with his car-share, which he’s been running for four years, from Cambridge to Canary Wharf. he finds people to share with through BlaBlaCar.com, and drives in three days a week, sharing his car with up to five others who work in the same area. he saves about £175 a month, and precious time.
“despite a few issues, such as getting people to let me know their plans for the week ahead and make their contributions, I do enjoy the company and to be honest, I’d be lost without them all now,” he says.
The Association of British Insurers states that an individual’s policy isn’t affected as long as no profit is made. Passengers can contribute towards the car’s running costs providing a vehicle seats eight passengers or fewer. If in doubt, call your insurer.
Tips for finding a car share
- Don’t wait for someone to contact you, carry out regular searches for new members and make contact with those who might be suitable as soon as possible.
- If a car-sharer doesn’t drive, there’s a Savings Calculator on the Liftshare site to work out a suggested contribution to costs.
- Ensure you can stick to agreed travel times, to avoid making someone late for work, or delay them getting home.
- Arrange a week’s trial period before committing.
- Check driving licences or ID to ensure you’re meeting the right person and arrange to meet potential sharers in a public place first. Inform someone about the journey details.
- Check out more safety tips on liftshare.com.
For more information
liftshare.com
nationalcarshare.co.uk
gocarshare.com
blablacar.com
cambridgecarshare.co.uk
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