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How to buy a New Car if you are Financing and have a Trade-in


Chapter 1: Research/Pricing
1) The best web sites for researching cars online.
2) Leveraging new car price quote services for the best deal.
3) Defining automobile safety and standards.
Chapter 2: Car Insurance
Car insurance resource guide: All the information you need to make an informed decision.
1) How insurance companies figure out what to charge you, and ten ways to save.
2) The basics of your insurance policy.
3) Leveraging online insurance quoting services to save: Free insurance quotes from many insurance companies in less than an hour.
Chapter 3: Trade-in
1) The complete guide to getting the most for your trade
Chapter 4: Financing
1) A Guide to Loans, Credit, and Setting a Budget for Purchasing a New Vehicle
2) How important is your credit report when applying for an auto loan?
3) What is your credit score and how does it affect you...
4) When low advertised interest rates yield higher cost of borrowing than traditional bank rates
5) What to do if you have poor credit
6) Top online resources for car loans

List of the resources mentioned in this guide

Defining Automobile Safety and Standards

Note: This section was added to Chapter One because of the importance of safety. It also ties in with car insurance and other areas of the buying process. We consider it to be a must-read!

Buying a vehicle can be a complicated process, and involves numerous decisions on budgeting, financing, and choosing the right make and model with features that suit the needs of individuals and families. Safety standards are often overlooked or considered secondary to the price tag and various luxuries. However, with the millions and millions of motor vehicle accidents each year, the safety of children and other passengers is an issue that should be a primary concern when buying a vehicle.

Most consumers would likely list seat belts, air bags, and respecting speed limits among the list of important aspects of driving safety. However, the size of the actual vehicle itself is the predominant factor in determining the outcome of an accident. The more vehicle a passenger is surrounded by, the less the chances of injury or fatality. This factor is reflected in government crash test results, which are readily available to the public at automobile dealerships, manufacturers, automobile web sites, and the government. Small cars might be a little cheaper and easier on gas, but they leave their occupants with twice the possibility of injury or death in an accident.

Wearing a seat belt and employing regulatory child restraints is an absolute must for all drivers and passengers, whether on the highway or on local streets. Any degree of impact can cause serious or fatal injury to any passenger. Three-point over-the-shoulder belts are the best solution for adults and larger children. A myriad of infant and child seats are available, and have been designed specifically for children of specific heights and weights. Child seats should always be anchored, and buyers should inquire as to whether or not the vehicle is equipped with child seat anchors. Many seats are also designed so that the existing car seat belts can be used to anchor the seat safely and effectively, but used vehicles should be checked for seat belt recalls, consumer complaints, or failure to function due to age. Many fire departments, police departments, and community associations provide free training and workshops for the proper installation of child seats, the positioning and use of the seat belts, the selection of the right seat for a child, and positioning of the appropriate seat in the vehicle. It is highly recommended that children travel in the back seat, and a rear-facing seat should never be installed in the front passenger seat of a vehicle equipped with a passenger side air bag under any circumstance. Even a front-facing child seat in the front passenger seat is questionable. The best advice is to do research and consult the professionals on all seat belts and child seat issues.

Air bags have long been a controversial subject amongst consumers, but the bottom line is that they have been statistically proven to save lives. The number of driver fatalities from frontal impacts has dropped by almost one-quarter, and is directly correlated to the implementation of air bags. Approximately the same percentage is reflected in the reduction of moderate to severe injury cases and subsequent hospital insurance claims. Many family-oriented vehicles such as minivans, passenger vans, and some sedans offer a passenger air bag cut-off capability to accommodate passengers of smaller stature or children sitting in the front passenger seat. The sensors become more sophisticated with each model year, adding to peace of mind for consumers concerned with air bags going off with undue causality. Even a low-speed accident is potentially fatal; air bags are simply a key factor in cushioning the impact and protecting the passengers. Consumers should look for a vehicle with a driver side air bag, passenger side air bag, and side impact air bags. Most manufacturers are offering what is referred to as "depowered" air bags, meaning that the force with which the air bag inflates has been decreased slightly to reduce injury caused by the air bag, without diminishing the protection from the impact itself. Many vehicles offer a passenger air bag cut-off capacity if a child or individual of smaller stature must be accommodated.

Many vehicles are equipped with anti-lock brakes, otherwise known as ABS brakes. Interestingly, ABS brakes have not been proven statistically to lead to a reduction in the number crashes or their severity, even though they have proven to do so in scientific testing. The root of this phenomenon is likely drivers' inexperience with using this braking system. Abruptly applying ABS brakes in a sudden or emergency braking situation sets off a rapid pulsating of the brake pedal, causing many drivers to panic and take their foot off the pedal slightly or even completely. Other drivers simply do not know how to use the ABS brakes to maneuver the vehicle properly. The problem is that drivers are not provided with adequate education about emergency braking procedures and braking in adverse weather conditions, and the nature of ABS brakes adds another dimension to this. Often, they have never even experienced the pulsating brake pedal until the moment of the emergency itself, and then it is too late. There are affordable driving courses available to teach the public these techniques and others, and they are often not time-consuming. Short of that, any individual who will be driving a vehicle with ABS brakes should take it for a test drive in a vacant parking lot or dead-end rural road and put it through a few rigorous braking situations so that they become accustomed to the pulsating and increase their chances of reacting appropriately in an emergency. ABS brakes can definitely save lives.

Daytime running lights are also important factors in vehicle safety. Regardless of the hour, a car with headlights on is more visible to other vehicles, pedestrians, and cyclists. Certain weather and light conditions can camouflage particular colors, and headlights may draw attention to a vehicle that might not have been seen otherwise. When driving a car or truck that has not been equipped with daytime running lights, it is a good idea to establish the habit of turning the lights on for the safety of everyone on or around the streets and highways.

Many vehicles are offered with a manufacturer-installed option of front fog lights. Front fog lights are designed to pierce through fog, rain and snow without illuminating these conditions as an impenetrable white sheet in front of the vehicle. Any motorist who travels at night or during the early morning should seriously consider this feature, as it increases the field of vision significantly. Regardless of whether or not a car has been equipped with front fog lights, the best line of defense when driving through adverse weather conditions is to decrease speed and be patient, or pull off the road completely in serious situations. The consequences are not worth taking a chance.

Much public attention has been drawn recently to some Sport Utility Vehicles and their increased chances of flipping over. These models tend to be top-heavy and more prone to rolling over when a driver loses control and overcompensates to correct the vehicle, or is involved in an accident with another vehicle. In this respect, the government rollover tests have varied results from good to poor depending on the manufacturer. Prospective buyers should review these findings the same way as crash test results, which are available through dealerships, manufacturers, web sites, and the government itself. Drivers should familiarize themselves with the available vehicles through online research, talking with other SUV owners, and test-driving different brands before deciding on a particular make and model. After that, common sense must prevail. Keep speeds down, especially when cornering and driving through bad weather. Also, become familiarized with how to use four-wheel drive, as it involves a different sensation and driving technique than what most are accustomed to.

Accidents will always happen in neighborhoods, city streets, and highways no matter what drivers and manufacturers do to prevent them. That is why they are called accidents. However, choosing a vehicle that protects its passengers as much as possible and practicing proper usage of restraints is a wise decision to make and will protect passengers and children. That being said, all drivers must take the responsibility to follow the rules of the road and respect speed limits. Drinking alcohol or taking illegal drugs, even prescriptions drugs and over-the-counter remedies with warnings of drowsiness as a side effect, should never be an option before climbing behind the wheel of a motor vehicle. Drive safely and responsibly, take the time to learn about the features and benefits of today's vehicles, and don't be afraid to ask questions and raise concerns before committing to a specific vehicle.

Chapter Two - Part One:How insurance companies figure out what to charge you, and ten ways to save.>>>

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