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Master the Art of Negotiation: Secrets to Getting a Better Deal on a Car

Thu, 13 Feb 2025 23:36:51 GMT

Negotiation may be a fundamental aspect of human interaction, present in everything from international diplomacy to daily shopping experiences. At its heart, negotiation may be about reaching an agreement that satisfies the diverse interests of the parties involved. However, what often goes overlooked could be the underlying psychology that informs and shapes our negotiation strategies and outcomes. Understanding this psychology is not just an academic exercise; it's a crucial component in becoming a truly effective negotiator.

The Role of Cognitive Biases

Cognitive biases are systematic patterns of deviation from norm or rationality in judgment. This occurs when individuals rely too heavily on the first piece of information they receive. In negotiations, the initial offer often serves as an anchor, impacting all subsequent discussions and potentially skewing the outcome.

Negotiators tend to favor information that confirms their existing beliefs or hypotheses. Being aware of this may help in preparing arguments that not only support your case but also address the counterparty’s perspective.

People prefer to avoid losses rather than acquiring equivalent gains. Recognizing this emotional influence may be pivotal in framing negotiation terms that minimize perceived losses.

Emotional Intelligence and Rapport

Building rapport and demonstrating emotional intelligence (EQ) are key to successful negotiations. They involve recognizing one’s own emotional state as well as that of the other party.

By actively listening and showing understanding of the other party’s concerns and motivations, negotiators may build trust and find mutually beneficial solutions. Keeping one’s emotions in check prevents adverse reactions that could derail the negotiations. Exhibiting calmness and control may influence the overall tone of the dialogue.

Psychological Tactics in Negotiation

Certain psychological tactics may be employed to steer negotiations towards a favorable outcome.

Starting with a high request which could be likely to be rejected, followed by a smaller, more reasonable one, increases the chances of acceptance. Conversely, securing agreement to a small request increases the likelihood of agreement to a larger one later on.

Mirroring the other party’s behavior and language may build empathy, while labeling emotions could help in de-escalating tensions and validating the other’s viewpoints.

The Importance of Preparation

In-depth preparation is crucial to understanding the psychological underpinnings of the negotiation process. Identifying the underlying interests of all parties helps in crafting proposals that may appeal to their fundamental needs. Anticipating possible responses and preparing for different negotiation turns may reduce the element of surprise and allow for strategic adjustments.

Negotiation could not be just a business skill but a necessary component of effective communication in various aspects of life. By delving into the psychology of negotiation, individuals may develop strategies that are not only logically sound but also emotionally intelligent. This dual approach may lead to more successful and satisfying negotiations for all parties involved.

Understanding Psychological Triggers in Sales

Sales may be an arena rich with psychological triggers. Salespeople, skilled in the art of persuasion, often leverage fundamental aspects of human psychology to sway customers towards making a purchase. It's essential to understand these tactics not to discredit the practice of selling, but to recognize the interplay of human psychology in sales transactions.

Reciprocity

One of the most powerful psychological triggers in sales may be the principle of reciprocity. This principle is based on the idea that people feel obligated to return a favor. Sales professionals may offer free samples, trial periods, or additional benefits to potential customers knowing that this act might create a feeling of indebtedness, making the customer more likely to make a purchase.

As a customer, to counter this trigger, acknowledge the tactic for what it may be. It's okay to accept free things, but separate the feeling of obligation from your purchasing decision. Evaluate the product on its own merits, not on the feelings of reciprocation the salesperson might be trying to invoke.

Scarcity and Urgency

Scarcity may be another psychological trigger that salespeople use effectively. The notion that something may be in limited supply or available for a limited time may create a sense of urgency, which could prompt customers to act quickly and decisively.

To resist this tactic, take a moment to consider whether your interest may be due to the product's value or the fear of missing out. Check if the scarcity may be genuine by researching the product availability elsewhere. Remind yourself that rushed decisions are often regretted, taking time to think may lead to better decision-making.

Social Proof

The concept of social proof suggests that people look to others when determining what may be correct. Sales professionals often cite testimonials, customer reviews, and celebrity endorsements to tap into this psychological trigger. Knowing that others are satisfied with a product could be a compelling motivator to purchase.

To navigate this trigger, seek independent reviews and sources of information. Don't just rely on the examples that the salesperson presents. Look for honest feedback from a variety of customers to get a well-rounded view of the product.

Authority

Salespeople may establish their expertise or authority in the field to gain trust and convince customers of the value of their offering. By demonstrating knowledge and credibility, they are more likely to persuade someone to buy.

Customers should differentiate between genuine expertise and perceived authority. It's beneficial to do your research and ask questions that test the salesperson's knowledge. Don't let titles or appearances sway you without evidence of true substance and expertise.

Emotional Triggers and Power Dynamics in Auto Dealerships

When it comes to understanding the psychology behind pricing, particularly in the context of auto dealerships, it’s perhaps essential to grasp the emotional triggers and power dynamics at play. These factors deeply influence how potential buyers perceive value and make decisions. In crafting an approach on how to deal with auto dealers, recognizing these psychological elements may be a game changer in negotiations.

Perceived Value vs. Actual Cost: Consumers often equate price with quality. A higher price may create the impression of a more luxurious, reliable vehicle, triggering a psychological response that equates cost with worth. In contrast, a lower price might signal a bargain but could also raise doubts about the car's quality or features.

Anchoring Effect: The first price presented by the dealer sets the stage for all subsequent price negotiations. This initial figure serves as the "anchor," and it's common for the buyer's counter-offers and the final price to hover around this baseline rather than the actual value or invoice price of the vehicle. Skilled dealers use this to their advantage by starting with a higher price point.

Decoy Pricing: Sometimes, dealers may present a less attractive option at a similar price point to the car you are interested in, making your preferred choice seem like a better deal. This tactic leverages the contrast effect, where the inferior option serves as a decoy, enhancing the appeal of the vehicle you're inclined to purchase.

Payment Framing: Dealers often emphasize monthly payment amounts rather than the total price of the vehicle. By breaking down the cost into seemingly manageable monthly fees, buyers are less likely to focus on the overall expense, which may include additional interest rates and extended payment periods.

False Urgency: Creating a sense of urgency with statements like "This offer may only valid until the end of the day" can trigger a fear of missing out (FOMO). This tactic pressures buyers to make a decision quickly without fully considering if the deal aligns with their needs and budget.

Social Proof and Testimonials: Dealers may showcase customer testimonials or high sales figures for a particular model to imply that it's a popular and thus a wise choice. This use of social proof can sway buyers by playing on their desire to conform to what appears to be the majority preference.

Power Dynamics and Body Language: The power dynamic in a dealership often tilts in favor of the seller, who may be usually more informed about the pricing strategies and negotiation levers. However, buyers can rebalance the power by displaying confident body language, asking informed questions, and showing a willingness to walk away if the deal doesn’t meet their expectations.

Negotiation Tactics for Car Buying Success

When approaching the culmination of a car purchase negotiation, several key strategies come into play to ensure both parties reach a satisfactory agreement. Here's a look at the nuanced dance of counteroffers, concessions, and closing that unfold during the final stages of negotiation.

Refining the Counteroffer: The last leg of negotiations may often be characterized by a series of counteroffers. These are critical as they fine-tune the terms of the deal to approach the sweet spot between the buyer's and seller's expectations. Making a counteroffer should be based on thorough market research and a clear understanding of the car's value. Assertiveness at this stage is vital; it shows the dealer that you are informed and serious about reaching a reasonable price.

Strategic Concessions: Concessions are part and parcel of successful negotiations. Knowing when and what to concede can be the key to unlocking a deal that works for both parties. Always prioritize your concessions, giving away less critical items first and saving crucial points for last. This way, you can strike a balance between flexibility and steadfastness without compromising your primary goals.

The Power of Patience: One of the most effective 'car buying hacks' lies in the power of patience. Rushing to close the deal can often work against you. Exhibiting patience shows the dealer that you're not desperate to buy, which can shift the power dynamic in your favor and lead to better terms.

Closing with Confidence: As negotiations draw near completion, signaling a readiness to finalize can work to your advantage, provided you convey confidence and willingness to walk away if the deal doesn't meet your terms. This may be your last opportunity to review the terms, ensure all your conditions have been met, and that there are no hidden fees or surprises.

Making the Agreement Official: Documentation and Delivery

Once both parties have verbally agreed upon the terms, the next step may perhaps be to make the agreement official with the necessary paperwork. This includes the bill of sale, warranty documents, and financing agreements if applicable.

Reviewing the Paperwork: Never rush through the paperwork. Take your time to thoroughly review every document to ensure the terms match what was agreed upon during negotiations. Pay special attention to the final sale price, interest rates, payment schedule, warranty details, and any additional charges.

Dotting the I's and Crossing the T's: Prior to signing, clarify any vague clauses or fine print. It's not uncommon for additional fees or terms to be buried in the contract. If something isn't clear or doesn't seem right, don't hesitate to ask for explanations or adjustments.

Leveraging 'Car Buying Hacks' for Masterful Deal Closure

End-of-Month Timing: Timing your purchase towards the end of the month can be advantageous. Sales teams often have quotas to meet, and making a purchase when they're likely to be more motivated to sell can yield price reductions or additional perks.

Pre-Approved Financing: Come to the dealership with pre-approved financing. This not only strengthens your negotiating position but also saves you from potentially higher interest rates offered by dealer financing.

Out-the-Door Price Focus: When discussing price, always negotiate based on the 'out-the-door' cost rather than the monthly payment. This gives you a clear picture of the total amount you will be paying and helps avoid the pitfalls of stretched-out payment plans that cost more in the long run.

The final stages of car purchase negotiations are where finesse, patience, and strategic thinking converge to seal the deal. By refining counteroffers, understanding the importance of concession strategy, and leveraging timing and financial preparedness, you can transition from the negotiation process to ownership smoothly. Ensure all terms are transparent and documented to avoid any post-purchase surprises, and remember that the best deal may be one where both parties feel they've been treated fairly and with respect.

Millennials and Side Hustles: Achieving Financial Freedom and Flexibility

Fri, 24 Jan 2025 16:48:26 GMT

In the last decade, side hustles have surged in popularity, especially among millennials. This generation, shaped by economic challenges such as rising living costs, student debt, and stagnant wages, has had to get creative in finding ways to supplement their income. Unlike previous generations, millennials aren’t just using side hustles for financial relief—they’re also leveraging these opportunities to pursue personal passions that align with their skills and interests. Side hustles provide the flexibility to engage in diverse income streams, whether by selling crafts on Etsy, offering freelance services, or starting consulting businesses.

The Side Hustle Movement: Statistics and Trends

Millennials are leading the charge in the side hustle movement. According to a Bankrate survey, about 50% of millennials have side hustles, compared to 37% of the general population. This higher participation highlights millennials' proactive approach to securing financial stability, recognizing that traditional full-time employment often doesn’t meet their financial needs.

On average, millennials earn an extra $686 per month through side hustles. These additional funds help alleviate financial burdens like student loans and high living costs, especially in urban areas. Moreover, this extra income provides a financial buffer against economic downturns, unexpected expenses, or potential job loss.

Motivational Factors Behind Millennial Side Hustles

Millennials aren’t driven solely by financial necessity when it comes to side hustles. Several factors contribute to their enthusiasm for these opportunities:

Pursuit of Passion Projects: Millennials often use side hustles to explore creative outlets or passion-driven projects that may not be financially sustainable as full-time jobs. Whether it’s selling handmade crafts, freelance writing, or providing coaching or consulting services, these side ventures offer a fulfilling way to earn extra income while pursuing personal interests.

Flexibility and Autonomy: The flexibility that comes with side hustles is a significant draw. Millennials value work-life balance and prefer flexible work schedules that fit their personal and professional commitments. Many side hustles, such as freelance writing or online tutoring, allow millennials to set their own hours and work remotely, providing them with autonomy over their work.

Technological Access: Technology has played a pivotal role in the rise of side hustles. Platforms like Etsy for selling crafts, Upwork for freelancing, and Airbnb for property rentals make it easier than ever to start a side hustle with minimal upfront costs. Millennials are digital natives, making them well-positioned to take advantage of these online platforms to create new income streams.

Economic Implications of Side Hustles

Side hustles are not just financially beneficial to individuals—they also have broader economic implications.

The collective impact of side hustles on the economy is substantial. As more people participate in the gig economy and launch small businesses, the increase in transactions, services, and innovation stimulates local and global markets. This creates a more dynamic economy, with new opportunities for businesses and consumers alike.

Side hustles provide a viable solution for individuals facing unemployment or underemployment. For those who are unable to find full-time jobs or whose current employment doesn’t fully utilize their skills, side hustles offer opportunities for self-employment, helping to stabilize their finances and improve their career prospects.

The Future of Side Hustles

The side hustle economy will continue to grow as millennials lead the charge in shaping the future of work. Their digital savviness and entrepreneurial spirit are likely to influence future work models, with an increasing number of people embracing side hustles not only for financial security but also for personal fulfillment. As this trend expands, we can expect the ecosystem around side hustles to evolve, with more tools and platforms emerging to support aspiring entrepreneurs.

The Millennial Redefinition of the American Dream

Millennials have redefined the American Dream to reflect modern realities, shifting away from traditional markers of success like a stable 9-to-5 job and homeownership. For many, side hustles are now integral to achieving financial independence and personal fulfillment in today’s rapidly changing economy.

Entrepreneurial Spirit: Millennials have a strong entrepreneurial drive. Many view side businesses as a stepping stone toward full-time entrepreneurship, allowing them to explore business opportunities with less financial risk than leaving a full-time job. The side hustle serves as a low-pressure way to test ideas and business models before committing fully.

Financial Security and Diversification: Side hustles provide millennials with an additional layer of financial security in a job market affected by automation and globalization. Rather than relying on a single income source, millennials are diversifying their income streams, which contributes to long-term financial stability.

Work-Life Integration: Traditional 9-to-5 jobs don’t always align with the lifestyle millennials desire. Side hustles offer flexibility, allowing millennials to integrate work with their personal lives more seamlessly, leading to improved job satisfaction and overall quality of life.

Achieving Financial Freedom Through Entrepreneurship

Side hustles also offer a path to financial freedom , especially for millennials looking to break free from the salary constraints of traditional employment. Entrepreneurship provides uncapped earning potential and the flexibility to scale businesses as they grow.

Unlike salaried jobs, where pay increases are incremental, entrepreneurship allows millennials to increase their income by scaling their businesses, offering more services, or expanding into new markets. This uncapped earning potential is one of the key attractions of starting a side business.

Although side hustles offer the potential for significant income growth, they require careful financial planning. Successful entrepreneurs often reinvest their profits to drive long-term growth. Building business equity also provides a valuable asset that can appreciate over time, contributing to wealth accumulation.

The Digital Advantage: Social Media and E-Commerce

In today’s digital age, social media and e-commerce platforms are essential tools for growing side businesses. These platforms provide low-cost marketing solutions and offer extensive reach, helping side hustlers connect with customers globally.

Cost-Effective Marketing: Social media platforms like Instagram, Facebook, and Twitter allow entrepreneurs to reach a targeted audience without spending large amounts on traditional advertising. By leveraging organic reach and cost-effective ad campaigns, small businesses can significantly increase their visibility.

Seamless Integration with E-Commerce: Social media platforms like Instagram Shopping now offer integrated e-commerce features, allowing customers to purchase products directly from the app. This seamless shopping experience increases conversion rates and helps side businesses generate more revenue.

Crafting a Balanced Life: Flexibility and Autonomy

One of the most appealing aspects of side hustles is the flexibility they offer. For millennials, who value work-life balance, side hustles provide the opportunity to create their own schedules, work remotely, and pursue their passions without sacrificing personal time.

Many side hustles can be conducted from anywhere with an internet connection, providing millennials the freedom to work remotely. This location independence is particularly attractive for those who want to travel or manage personal commitments while earning an income.

Creating a Roadmap to Starting a Side Business

Starting a side business requires planning and strategy. Here’s a step-by-step guide:

Identify Your Niche:

Self-Assessment: Evaluate your skills, hobbies, and interests to find a niche that aligns with your strengths.
Market Research: Analyze market trends, identify gaps, and understand customer needs.
Validation: Test your idea by gathering feedback from your target audience.

Develop a Business Plan:

Vision and Goals: Define your objectives—whether it’s extra income, full-time entrepreneurship, or long-term passive income.
Revenue Model: Decide how you’ll generate revenue.
Financial Projections: Estimate costs and expected revenue.
Growth Strategy: Plan for future expansion and scalability.

Build Your Online Presence:

Create a professional website and optimize it for search engines.
Leverage social media to engage with your audience and grow your brand.

Marketing Your Business:

Use content marketing, email marketing, and networking to build a customer base.
Collaborate with influencers or partner with other businesses to expand your reach.

Manage Finances and Operations:

Track expenses and establish operational processes.
Focus on delivering exceptional customer service.

Scale Your Business:

Expand product or service offerings.
Automate tasks or outsource to save time.
Consider hiring freelancers as your business grows.

Monitor and Adapt:

Regularly review business metrics and adapt to market changes.
Continuously gather customer feedback for improvement.

Empowering Millennials Through Side Hustles

For millennials, side hustles are more than just an extra source of income—they are a means of achieving financial independence, personal autonomy, and purpose. The flexibility and creative freedom side hustles offer allow millennials to take control of their careers while exploring entrepreneurial ventures. As side hustles continue to grow in popularity, they will shape the future of work, driving innovation, personal fulfillment, and financial empowerment for generations to come.

Salvage Title Cars: The Ultimate Guide for Budget-Savvy Buyers

Thu, 24 Oct 2024 17:31:47 GMT

Are you considering buying a salvage title car and do not know what to consider when buying one? You aren't alone. Many people consider buying a salvage title car and restoring it or consider buying one to save money .

This article will cover everything you need to know about salvage title cars, what they are, what to consider when buying one, and how to insure one.

What Is A Salvage Title Car?

A car gets a salvage title when the insurer determines it to be a total loss and warns new buyers that it has a significant issue. Cars are usually marked a total loss when damaged to the point that it doesn't make sense to repair them financially. Total loss usually occurs when the cost of repairs is between 60 to 100 percent of the car's pre-accident value.

Cars can get a salvage title for several reasons, including:

Involvement in an accident.
Water, flood , or smoke damage from fire or damage caused by hail.
A theft where a car is recovered after the claim was paid out.

What To Consider When Buying A Salvage Title Car?

There are many things to consider when buying a salvage title car, including:

1. Inspecting The Car

Inspecting a salvage title car can be crucial for safety reasons. Here are a few tips when inspecting the car:

Ask A Mechanic For A Full Inspection: Don't rely on the owner's description of the current car's condition. Be sure to ask the vehicle inspector to look for frame damage that could affect the car's alignment.

Get A Vehicle History Report: The vehicle history report may have additional information about the accident that led to the salvage title. Avoid any cars where the report designates that the vehicle was towed from the scene or if the airbag was activated. Both of these factors can be indicative of a serious accident.

Learn As Much As Possible About The Damage: Ask the seller for any repair records or speak with an employee at the body shop that did the car repairs. Request photos of the car damage before the repair or search for them on Google by looking up the car's VIN.

Take The Car For A Test Drive: Check every button and knob. Drive the car on the highway to ensure it works well. Find an empty road and test the breaks.

Find Out When The Salvage Title Was Issued: If the salvage title was issued years ago and the car has been driven regularly since the repairs were sufficient. If the accident happened recently, there is more uncertainty with the car.

2. Understand The Repairs Needed

Now that you know everything you can about the car and its history, you will want to ensure you understand the repairs needed to get the vehicle up and running. Consulting with a certified mechanic can make you aware of all the repairs necessary and the costs involved with those repairs. If you are more mechanically inclined, you may be able to do some of the repairs yourself.

3. Estimating The Actual Value Of The Car

Salvage title cars can be valued in different ways by different insurance companies. There is no standard way to calculate the value of a salvaged car because it depends on the make and model of the vehicle. It also depends on how much damage there is compared to the cost of the vehicle in the present state.

Insurance companies appraise salvage title values as much as 80 percent less than the original purchase cost. They determine the car's value on whether it can be salvaged or considered a total loss. Other insurers are open to buying back rather than selling it to a junker.

Here are a few general guidelines for estimating the value of a salvage title vehicle:

Check Vehicle Details

Determine the make, model, and type of the car, including its retail value on the purchase date. Using Kelly Blue Book can help you determine the cost of the car and its retail price.

Determine The Current Market Value

Add the retail price to the appraised value determined by the insurer and divide it by two to get the current market value. This gives you the average rate of the price, or you can use the percent of depreciation to find the current market value of the car.

Multiply The Current Market Value By The Percent Used By Insurance

After calculating the current market value, multiply it by the percent used by your insurance. The resulting number is the value of a salvaged vehicle. The appraisal done by a junker is typically valued for profit, so combining both estimates and dividing by two will give you a fair value for the car.

Can You Legally Drive A Car With A Salvage Title?

The laws and requirements for driving a salvage title car are different depending on the state. In most states, you can't drive a car with a salvage title on the road. The majority of states require you to have a rebuilt title for a salvage car before it can be driven on roadways. Choosing to drive a car with a salvage title can lead you to paying some hefty fines.

A rebuilt title shows that a car that was once determined to be a total loss has been restored to roadworthy condition. Once you have made the repairs on your vehicle, the next step is to visit a state-approved inspection facility for an inspection to determine if it is roadworthy. If the car is roadworthy, then you will be issued a rebuilt title by the DMV. The inspection requirements vary by state.

No, you can't insure a car with a salvage title; however, you can insure a rebuilt salvage car, but it's not always easy. Most states require a car inspection to verify that it is safe for the road. Some insurance companies will be concerned because it is difficult to place a value on a salvage car. Insurance companies are also strict about not covering previously caused damage.

You can usually get the insurance coverage you want once you meet these requirements:

Getting a detailed inspection
An on-site physical damage inspection by the insurance
Current photos showing different views of the car
DMV approval depends on the state

If your insurance company accepts rebuilt title cars, then you can usually get liability coverage as well as any other coverage that your state requires, like medical payments coverage, personal injury protection, etc. Depending on the insurer, you may or may not be able to get auto collision or comprehensive insurance coverage due to damage and issues with the car due to the accident.

Due to the car's history, if it has been rebuilt, it usually costs more to insure because the car may have issues that were not fixed when restoring it; the insurer may view you as more likely to be involved in an accident, leading to a higher insurance rate.

Should You Buy A Salvage Title Car?

Buying a car with a salvage title is a risky business if the car hasn't been rebuilt properly. Even if it has an inspection, your safety could still be at risk because something wasn't restored correctly. Dishonest auto sellers may also withhold information about a car with a salvage title, so doing your research is crucial.

There may also be the issue of value with salvage title cars, as well as paying more for insurance. A salvage title car can often be bought for less.

This doesn't mean that you should never buy a salvage title car. There are some benefits to doing so if you buy the right car and have the right skills. Mechanics, body shop techs, and car restorers may consider salvaging cars because they can complete most repairs or use the car for parts.

Overall, the most crucial aspect of buying a salvage title car is avoiding major damage that you can't repair yourself or don't want to pay someone else to repair.

The Impact of ChatGPT on Automotive Technology

Fri, 13 Sep 2024 16:37:58 GMT

Over the last few years, the motor vehicle industry has seen a transformative revolution fueled by the arrival of artificial intelligence (AI). Among the cutting-edge technology, ChatGPT in automotive innovation can have a profound impact. This AI-powered language model created by OpenAI is poised to become a game-changer in the industry.

This article explores the importance ChatGPT could have in automotive innovation. It emphasizes ChatGPT’s potential future impact on customer interaction, along with how it could increase the ease of task automation and improve operational efficiency. By shining light on real-world examples, advantages, obstacles, and future potential, this article reveals how ChatGPT in the automotive industry is driving an era of unprecedented innovation.

ChatGPT in the Automotive Industry: Unrestricted Potential for Automotive ChatGPT

ChatGPT’s role in automotive businesses is considered to be game-changing, revealing unmatched versatility and changing the landscape for future innovations. Unlike traditional applications, ChatGPT’s cutting-edge abilities have introduced the possibility of even more innovations in the automotive sector. The program’s profound ability to process natural language inputs and create human-like responses could reshape how automakers interact with customers and tackle internal operations.

One of the most unique aspects of ChatGPT in automotive operations involves its ability to substantially enhance customer experiences. In the quest for unparalleled customer satisfaction, countless motor vehicle companies have considered embracing ChatGPT as a support system. By integrating AI-powered chatbots into websites and mobile applications, these companies have seen substantial improvement in response times and satisfaction ratings assigned by customers.

Due to its natural language processing algorithm, ChatGPT in automotive services could seamlessly understand and respond to customer queries, resulting in an unprecedented personalized assistance process. From recommending suitable vehicle models to helping customers arrange test drives or service appointments, ChatGPT’s responsiveness could create stronger relationships between motor vehicle brands and their customers. This customized approach may increase the quality of customer experiences and result in increased brand advocacy and customer loyalty.

Beyond customer interactions, ChatGPT in the automotive trade could prove to be instrumental in improving motor vehicle companies' operational efficiency. Once time-consuming tasks that hampered human resources may be automated, simplifying the process. The model’s advanced capabilities could allow it to automate various processes, such as generating detailed vehicle service reports and assessing customer feedback.

As the motor vehicle industry enters the age of Industry 4.0, ChatGPT in automotive operations might find its niche in both smart manufacturing and production lines. By interacting with Internet of Things (IoT) devices and other interconnected systems, ChatGPT could seamlessly integrate into smart factories. This integration would result in highly efficient and interconnected ecosystems. ChatGPT would work with robotic systems, monitor production processes, and possibly distinguish potential issues in real time. Consequently, the motor vehicle industry might profit from improved workflow, decreased downtime, and increased productivity.

ChatGPT in the automotive vertical might extend its operational capabilities to the field of supply chain management too. By utilizing an AI algorithm, ChatGPT could accurately predict demand patterns, optimize inventory levels, and proactively schedule maintenance based on vehicle usage info. This data-driven technique could streamline operations resulting in heightened efficiency and lowered costs across supply chain networks. Motor vehicle companies can now minimize lead times, reduce excess inventory, and ensure seamless logistics from suppliers to manufacturers and dealerships.

ChatGPT’s potential in the motor industry can go beyond improving customer interactions and streamlining operations to shaping autonomous vehicles' future . With its advanced learning skills, ChatGPT in automotive businesses can assess large amounts of data from sensors and other connected devices. This greatly contributes to self-driving technology development and improvement.

As the motor vehicle industry approaches a future with self-driving vehicles, ChatGPT’s contributions can almost certainly be influential in improving safety, reliability, and overall performance.

Improving Customer Experience: ChatGPT as the Ultimate Support System for Automotive ChatGPT

In pursuing unparalleled customer satisfaction, motor vehicle companies have discovered that ChatGPT in automotive services could be a powerful tool for elevating customer interactions. By integrating AI-driven chatbots into mobile apps and websites, countless motor vehicle industry companies could see substantial improvements in response times and overall customer satisfaction scores. Customers may now experience instant and customized access with ChatGPT’s natural language processing algorithms.

This could allow it to understand responses to queries and provide personalized product recommendations quickly. It can even help schedule test drives or service appointments. Responsiveness to this degree can reshape the experience of many motor vehicle industry customers, creating a stronger bond between brands and clientele.

Empowering Efficiency Through Automation with ChatGPT’s Help in the Automotive ChatGPT Industry

The motor vehicle industry’s daily operations are often challenged by time-consuming and repetitive tasks that limit productivity. With ChatGPT’s automation tools, ordinary workloads are no longer a challenge for human resources. In the future, ChatGPT in the automotive trade can help to automate various processes ranging from creating vehicle service reports, analyzing customer feedback, and helping with parts ordering.

This newfound efficiency lets motor vehicle industry professionals change their focus to more creatively demanding activities. Consequently, companies could experience increased productivity, quicker decision-making, and a substantial reduction in costs, leading to the creation of a more innovative and progressive environment.

Revolutionizing Operations: ChatGPT as a Growth Driver for Automotive ChatGPT

ChatGPT’s integration into various motor vehicle industry processes might transform business operations. By making the most of AI algorithms, ChatGPT in the automotive sector can accurately assess demand patterns, optimize inventory levels, and help schedule maintenance based on reduced costs. Through ChatGPT's predictive capabilities, motor vehicle companies could better manage their inventory and ensure that they always have the right parts on hand when needed.

ChatGPT’s data-driven maintenance scheduling can also ensure vehicles receive maintenance when needed, reducing downtime and increasing automotive asset lifespan.

Challenges and Solutions: Realizing the Path to Seamless Implementation in the Automotive ChatGPT Industry

ChatGPT in the automotive business offers some substantial advances to the motor vehicle industry, but its implementation also poses some challenges that require careful review. These challenges include data privacy. Motor vehicle companies should prioritize customer security and confidentiality during ChatGPT interactions. To tackle these concerns, companies should use stringent data security measures including encryption protocols, access controls, and regular data audits. Sticking closely to data privacy regulations ensures confidential data remains guarded against unauthorized access.

Guaranteeing ChatGPT's accuracy is another critical detail to consider in the implementation process. To maintain customer trust and satisfaction, motor vehicle companies would need to invest in continuous model training and improvement. A comprehensive feedback loop where user interactions with ChatGPT in automotive businesses are continuously evaluated offers valuable insights into performance. Additionally, utilizing quality assurance mechanisms can help identify and resolve potential biases or inaccuracies in ChatGPT’s responses. By fine-tuning the model and assessing user feedback, motor vehicle companies can encourage a reliable and customer-focused AI experience.

Furthermore, integrating ChatGPT in the automotive trade seamlessly into existing motor vehicle workflows can present some unique challenges. Companies must ensure that the model effectively collaborates with existing systems, databases, and applications. Compatibility testing and thorough investigation planning are crucial to achieving a smooth transition without interrupting daily operations. An open and collaborative approach to implementation allows for agile adjustments and optimizations as technology is further integrated into motor vehicle industry ecosystems.

The nuances of the automotive industry and the wide range of use cases might require customization of ChatGPT in automotive businesses to address specific requirements effectively. Customization should be done in a manner that meets business objectives and customer needs. This is so that the model delivers uniquely tailored solutions to address motor vehicle industry challenges.

As the motor vehicle industry continues to evolve, maintaining scalability and performance with ChatGPT in the automotive industry becomes more imperative than ever. With an increasing number of customer interactions, the demand for ChatGPT systems might grow, requiring robust infrastructure and resources to support seamless user experiences. Regular performance assessments and capacity planning are vital to preventing potential bottlenecks and making sure that ChatGPT can meet increased workloads effectively.

The Future of ChatGPT in the Automotive Industry: Pioneering Innovations Lie Ahead

As ChatGPT in automotive companies continues to change, the future of the automotive industry appears increasingly filled with promise. By seamlessly integrating more nuanced language models into vehicles, motor vehicle companies can introduce the next era of personalized driving experiences and groundbreaking autonomous driving systems.

Imagine a world where ChatGPT-powered virtual assistants both help with navigation and proactively suggest nearby attractions based on user preferences. These assistants could also recommend optimal charging stations for electric vehicles, considering real-time charging station availability and traffic conditions.

Additionally, ChatGPT in automotive businesses could facilitate seamless interactions with smart city infrastructure. This could enable vehicles to communicate with traffic lights along with other vehicles, which could subsequently optimize traffic flow and enhance road safety.

Redefining the Motor Vehicle Industry with Automotive ChatGPT

ChatGPT in the automotive trade represents a substantial advancement in motor vehicle innovations. By revolutionizing customer interactions, automating tasks, and streamlining operations, ChatGPT has the potential to reshape the auto industry as a whole. As motor vehicle enthusiasts, industry professionals, and techies embrace the potential for changes promised by ChatGPT, it’s paramount to remain at the forefront of this constantly evolving landscape.

One of the most effective ways to learn about what impacts ChatGPT in automotive operations is to ask around your own motor vehicle provider or maintenance shop. Appreciate the possibilities and remain informed about the latest developments in AI as ChatGPT continues to fuel the automotive industry toward an exciting and automated nature. In this new and exciting landscape, stay active and ready to embrace ChatGPT's innovations.

What are the Favorite Cars for Every Generation?

Wed, 03 Jul 2024 21:22:10 GMT

The best-selling vehicle in the country has reportedly remained the same for more than four decades . The Ford F-Series is considered America’s favorite automobile; in fact, pickup trucks account for the top three most popular vehicles in the country. However, Ram and Chevrolet (Silverado) tend to fight for second and third place.

While pickup trucks might be the most popular vehicle type, not everyone wants a rugged half-ton pickup. The age of buyers might also influence the car they prefer, and each generation has its preferences. What are the favorite cars of every generation? Check out the models preferred by Boomers, Gen X, Millennials, and Gen Z.

Favorite Cars for Baby Boomers: Trucks & SUVs

The Baby Boomers are experienced car buyers. What kind of cars do Boomers drive? While the vehicle preference can vary for each buyer and might be influenced by the budget, personal style, and even brand loyalty, these are the most popular vehicles chosen by Baby Boomer car buyers according to Entrepreneur:

Ford F-Series
Honda CR-V
Chevrolet Silverado
Toyota RAV4
Ram (pickup)
Chevrolet Equinox

The publication noted that younger Baby Boomers more often leaned toward the F-Series, while the most popular vehicle for older Baby Boomers was the Toyota RAV4. The Chevrolet Equinox was a popular choice for older generational cohorts but wasn’t on the list for the younger half of the generation. All other vehicle choices overlapped and were favorites across the Boomer generation.

Interestingly, the Baby Boomers all preferred the F-Series, Silverado, and Ram pickup. These were the three most popular vehicles in 2022 (by sales volume). In addition, the RAV4 was the fourth most popular vehicle in 2022, while the CR-V was the seventh best-selling vehicle.

The Baby Boomers tended to gravitate toward the most popular vehicles in the country, and their buying power also likely contributed to the sales volume and popularity of these vehicles.

Favorite Cars for Gen X: Picking Up the Slack

Gen X is known as the sandwich generation as it’s stuffed between the Baby Boomers and the Millennials. Gen X tends to get ignored by the media and maybe by businesses, too. They were once known for their slacker mentality and were defined by the grunge era, but this generation has become parents and leaders in the workforce. Elon Musk is Gen X, and so is Sergey Brin.

What kinds of vehicles does this generation drive? They share a lot of driving preferences with the Boomers. According to Entrepreneur, Gen Xers prefer the Chevrolet Silverado. However, they also drive the F-Series, Ram, and the Toyota RAV4.

Gen X does differ from their parents in that they also have been known to choose one popular electric vehicle. The Tesla Model Y is among this generation’s top vehicle choices.

Favorite Cars for Xennials: One Foot In Each Generation

Younger Gen Xers and older Millennials tend to be known as Xennials or Gen X/ Millennial Cuspers. They have one foot in each generation and share traits of both. These individuals remember landlines and their teen years introduced them to the internet. They are young enough to be proficient in social media platforms and old enough to remember how great life was without these platforms.

The Xennials also tend to prefer the Silverado more than other vehicles. However, while their other popular choices are the same as Gen X, they fall in a different order. After the Silverado, Entrepreneur reported that the Xennials will choose the RAV4, F-Series, and Ram. Like their older siblings, Gen X, they also like to drive the Tesla Model Y.

Favorite Cars for Millennials: Small SUVs Prevail

The Millennials were the coveted sales demographic for years. However, this generation has been usurped in popularity by Gen Z. The Millennials are known for specific buying habits related to their vehicles, and research has revealed that Millennials prefer vehicles that are affordable, fuel-efficient, and safe .

This generation’s number one choice for cars, according to Entrepreneur, is the Toyota RAV4, followed by the Jeep Grand Cherokee, Chevrolet Silverado, and F-Series. While Kroll’s data shows that affordability tends to be the driving point for millennial car buyers, the most popular vehicles chosen by this generation aren’t necessarily the most affordable. The 2023 RAV4 starts at over $28,000 , while the Jeep Grand Cherokee is priced at over $40K.

Favorite Cars for Gen Z: Sedans and Toyota Top the List

Data from a CDK Global survey revealed that Gen Z has been known to prefer luxury auto brands, and this generation also is known for their thorough research and their penchant for haggling over price. CDK Global also noted that Gen Z doesn’t love buying a car online and prefers the dealership in-person experience.

What are they buying? Gen Z favors Toyota!

Entrepreneur reported that Gen Z’s favorite vehicle is the Toyota Camry, which also happens to be the fifth best-selling vehicle of 2022. Like the Millennials, Gen Z also favors the RAV4. Gen Z’s car favorites also include the Toyota Corolla, Honda Civic, and the Chevrolet Silverado.

What about Electric Vehicles?

For years, the media has been abuzz with news of the latest electric vehicles (EVs). The future was certainly destined to be electrified. The industry has seen the introduction of new electric manufacturers and many new models. GM and other manufacturers have pivoted to electric power.

The tax credits for electric vehicles have changed, though. These changes might be confusing to buyers and they also could exclude some models. In addition, electric vehicles aren’t affordable for many buyers—even with tax credits. Unfortunately, some affordable EV models like the Chevrolet Bolt EV and the Chevrolet Bolt EUV have been discontinued.

Only one electric vehicle model is among the favorite vehicles of Gen X and the Millennials. The Tesla Model Y also happens to be the ninth most popular vehicle of 2022 . However, the Model Y is priced at over $47,000 for the all-wheel drive option; this is the least expensive Model Y option available. The Model Y Long Range is priced at over $50,000, and the Model Y Performance can get close to $54,000.

All the Model Y options, though, boast a decent estimated range. The Model Y all-wheel drive offers an estimated range of 279 miles, the Model Y Long Range can reportedly drive an estimated 330 miles on a full charge and the Model Y Performance offers an estimated range of 303 miles.

If electric is the future, though, who is buying these vehicles? Only the Tesla Model Y and the Tesla Model 3 were among the best-selling vehicles of 2022 as published by Car and Driver. With the discontinuation of some affordable models, the options for low-priced EVs will get slimmer. For buyers, this means that most electric vehicles will be considered a luxury purchase based on the price point of these vehicles.

Looking for Budget-Friendly Vehicles? These are the Most Affordable Models

While each generation might have unique buying preferences, some consumers choose a car based only on their budget. Buyers might look for the most affordable new car models on the market. As interest rates have increased, the price of buying a new or used car has become more expensive. Interest rates bump up the monthly payment, making even low-priced vehicles a pricier purchase.

For car buyers who are interested in finding the most affordable vehicle on the market, these are the vehicle models that are sometimes priced under $20K:

Nissan Versa ~$15,830
Mitsubishi Mirage $16,245 / Mirage G4 ~$17,245
Kia Rio ~$16,750 / Rio 5-door ~$17,690
Hyundai Venue ~$19,650
Subaru Impreza ~$19,795
Kia Forte ~$19,690
Kia Soul ~$19,890

The most affordable vehicle on the market is the Nissan Versa. Besides sometimes being priced at less than $16K, it also reportedly gets great gas mileage. The Versa can get an estimated 32 MPG in the city and 40 MPG on the highway. However, the Mitsubishi Mirage is considered the most fuel-efficient vehicle on the market that isn’t a hybrid; the Mirage can get an estimated 36 MPG in the city and 43 MPG on the highway.

Used Car Options and Prices

Some car buyers might not want to purchase a brand-new model. Since cars can lose value the minute they drive off the lot, buyers might prefer to save money and purchase a used or pre-owned vehicle. While the supply crunch of new cars put pressure on the used car market and increased the prices of these vehicles, the used market is starting to become more affordable.

Car buyers who are on a tighter budget can research their used car options; Kelley Blue Book (KBB) lets consumers find prices for makes/models in their area. In addition, the site also allows car owners to obtain a trade-in value estimate for their current car.

While used car prices might be more affordable, buyers who need to finance their used cars might discover that the interest rates for used vehicles are higher. Nerdwallet reports that in the third quarter of 2022, the average interest rate for used car loans was more than 10 percent . However, rates also depend on the individual’s credit score .

Finding the Best Car

Every generation might have specific preferences related to the type of car or the make/model they want to drive. The price also can influence a buyer’s decision; as interest rates rise, buyers might find that they need to shop for lower-priced vehicles to ensure they can afford the monthly payment. Although a Gen Xer might prefer to drive a Silverado, they might find that their budget only accommodates a lower-priced small sedan. For many buyers, the price dictates the options. Buyers can research vehicles that fit into their budget and then shop around for the best interest rate to keep the monthly payment affordable.

Beginner’s Guide to Car Modification: Transform Your Ride

Mon, 19 Feb 2024 19:02:42 GMT

Car modification (or “modding”) has gained popularity among car enthusiasts and vehicle owners who want to improve their vehicle’s performance, appearance, and overall driving experience. For beginners interested in exploring the world of vehicle modification, the process can be both exciting and overwhelming given the large number of options and possibilities that exist. If you’re a newcomer to car modding, read this beginner’s guide to car modification. It offers helpful insights and tips to start your journey to transforming your vehicle into something extraordinary.

This beginner’s guide to car modification aims to equip you with valuable insights and strategies for transforming your ordinary vehicle into an extraordinary and personalized ride. Additionally, this article dives into the “ Car of the Future ” concept. It considers how modified vehicles can pave the way for more affordable, environmentally friendly, and technologically innovative transportation solutions.

Understanding Car Modification for Beginners: A Beginner’s Guide to Modding Cars

In this beginner’s guide to car modification, we’ll start with some of the most accessible changes for novices: simple cosmetic modifications, which are some of the most accessible modifications for beginners. These changes can include adding decals, stripes, or spoilers to give a vehicle a sportier look. Additionally, custom paint jobs, vinyl wraps, and unique lighting setups are other popular cosmetic modifications that make vehicles stand out.

At the other end of the spectrum, complex engine upgrades and customizations involve more advanced modifications that substantially improve vehicle performance. Engine modifications can include installing turbochargers, superchargers, or nitrous oxide kits to increase vehicle horsepower and torque. These modifications require expert knowledge and would likely fall outside a beginner’s guide to car modification. This is because they place additional stress on a vehicle’s components and impact its reliability.

People have countless reasons for modifying their vehicles and seek help from a beginner’s guide to car modification. One of the most common reasons why people improve their vehicle’s performance is to achieve faster acceleration, better handling, or superior braking. Performance improvements can also transform a vehicle’s driving dynamics and create a more thrilling experience for the driver.

Another common reason for vehicle modifications is aesthetics. Many vehicle owners seek assistance from a beginner’s guide to car modification to customize their vehicles and make them visually distinct. By adding customized body kits, custom wheels, or aftermarket products, vehicle enthusiasts can make their cars better reflect the owner’s personality.

For some people, vehicle modification is one possible method to improve fuel efficiency and make their vehicles more eco-friendly. By optimizing engine components, reducing weight, or utilizing advanced technologies, modified vehicles can achieve better gas mileage and lower emissions. Countless people begin reading a beginner’s guide to car modification and realize that they too would like to achieve a more sustainable vehicle.

Most enthusiasts view car modification as a passion and a method of self-expression. These people view a beginner’s guide to car modification as a compass, pointing them in the right direction as they navigate the available options. Enthusiasts take pride in the meticulous work they put into their vehicles, often creating close-knit communities to exchange experiences and ideas. The sense of accomplishment from completing a successful modification project and the admiration received from fellow supporters are viewed as significant rewards for those who love their vehicles.

While vehicle modification can be both exciting and rewarding, no beginner’s guide to car modification would be complete without caution to approach these changes with responsibility and awareness of the potential safety and legal ramifications. Before undergoing any modifications, you should make sure that you thoroughly research and understand local laws and regulations concerning vehicle modifications. Some modifications are unfortunately not legal in some regions. Failure to comply with the corresponding regulations can lead to substantial fines, vehicle impoundments, or insurance coverage loss.

Additionally, safety should be a top priority. Modifications that adversely impact a vehicle’s structural integrity, braking abilities, or safety features can place the driver, her passengers, and others on the road in danger. If you decide to pursue modding after reading this beginner’s guide to car modification , remember that working with the best-rated, reputable, and experienced vehicle professionals can also help to ensure modifications are performed appropriately and safely.

The risk also exists that modifications might void a manufacturer’s warranty, leaving the owner liable for repair costs if any issues arise. It’s advisable if you find yourself in such a situation after reading a beginner’s guide to car modification, you should first contact the vehicle manufacturer or authorized dealer before performing substantial modifications. This is because manufacturers clarify warranty coverage. By staying informed and adhering to safety and legal guidelines, car enthusiasts can make the most of modifications while maintaining a safe and compliant vehicle for driving on the road.

Essential Car Modifications for Beginners: A Guide to Modifying a Car

Any knowledgeable beginner’s guide to car modification will inform readers that one of the most direct but impactful modifications for beginners involves upgrading a vehicle’s wheels and tires. Stock wheels and tires often serve general purposes, but customizing these features can substantially improve aesthetics and performance. Adding larger wheels with a stylish design can enhance a vehicle’s overall appearance by making it appear more aggressive or sporty. Furthermore, acquiring high-quality, performance-oriented tires can substantially improve grip and handling while driving, particularly during cornering and braking. Choosing low-profile tires with a suitable tread pattern can also greatly improve a vehicle’s road contact and responsiveness.

Upgrading the air filter and exhaust system is another effective way to improve engine performance without worrying about the complexities of mechanical modifications. Performance air filters improve airflow to the engine, which increases horsepower and torque. Combining a performance air filter with an upgraded exhaust system can further improve engine performance, optimizing efficiency and power output. These modifications offer an accessible way for newcomers who have recently read a beginner’s guide to car modifications to elevate their vehicle’s driving dynamics. This delivers a more thrilling and responsive experience.

In this beginner’s guide to car modification, one significant area to explore is upgrading the suspension system. This falls under the category of modifications that substantially improve vehicle handling and ride quality. Coilovers are a popular choice for versatile suspension upgrades. These adjustable shock absorbers and springs with personalized adjustments can accommodate various driving styles and road conditions.

For vehicle enthusiasts interested in making visual statements, this beginner’s guide to car modification suggests considering exterior styling modifications to provide various options for personalization. Body kits, spoilers, and paint wraps are some of the most popular options for altering vehicle appearance.

This beginner’s guide to car modification also can’t overlook how improving a vehicle’s interior can provide a more enjoyable and comfortable driving experience. Customizing the interior lets vehicle owners add personalized touches that meet their preferences and styles. For example, upgrading a vehicle’s seats with higher-quality materials or bolstered designs can both improve comfort and support during lengthy drives. Custom seat covers also protect the vehicle’s original upholstery. Furthermore, adding custom lighting inside a vehicle can create a unique ambiance and increase visibility during nighttime driving.

This beginner’s guide to car modification doesn't forget audiophiles either. Upgrading a vehicle’s sound system is another popular modification. Investing in a high-quality sound system complete with premium speakers and a powerful amplifier can transform the in-car audio experience.

The Car of the Future: Modifying for Sustainability - A Beginner’s Guide to Modifying Cars

Increasing fuel efficiency and reducing emissions could be a helpful step towards sustainability. One of the simplest eco-friendly modifications suitable for a beginner’s guide to car modification is using lightweight materials instead of heavier components. By lowering a vehicle’s weight, the vehicle requires less energy to propel resulting in improved fuel efficiency and reduced greenhouse gas emissions.

Upgrading to more energy-efficient tires with low rolling resistance can further improve fuel economy, a critical aspect to remember as you read this beginner’s guide to car modification. This is because low rolling resistance tires minimize energy loss and resistance while the vehicle moves leading to less fuel consumption and a smaller environmental impact.

Another eco-friendly modification to consider in this beginner’s guide to car modification involves hybrid technologies. Hybrid electric vehicles combine an internal combustion engine with an electric motor. This allows vehicles to function on energy alone at low speeds and during stop-and-go traffic, reducing overall fuel consumption and emissions.

In this beginner’s guide to car modification, we also review options for those seeking a more significant environmental impact, like plug-in hybrid electric vehicle (PHEV) conversions. PHEVs are charged through a power outlet and provide an extended all-electric driving range before switching to a conventional gasoline engine.

Self-driving vehicle technology represents a substantial advancement in the motor vehicle industry, offering safer and more efficient transportation. Even though fully autonomous vehicles are still under development and beyond the scope of this beginner’s guide to car modification, aftermarket add-ons like advanced driver assistance systems (ADAS) could introduce an autonomous quality to current vehicles. ADAS features include adaptive cruise control, lane-keeping assist, automatic emergency braking, and self-parking capabilities.

This beginner’s guide to modification also considers sustainable modification that utilizes the sun's power through solar panels on a vehicle’s roof. This can help charge auxiliary systems or even a vehicle’s main battery. While solar panels may not provide sufficient energy to power the entire vehicle, they can supplement electrical needs. This can reduce reliance on conventional energy sources.

Budget-Friendly Vehicle Modifications: A Beginner’s Guide to Modifying Cars

One of the primary methods to save money on vehicle modifications recommended by this beginner’s guide to vehicles is opting for do-it-yourself (DIY) projects if possible. Many modifications are easily performed at home, provided you have the basic tools and automotive knowledge.

This beginner’s guide to car modifications encourages enthusiasts to pursue countless online tutorials and forums that offer step-by-step guides to various vehicle modifications. Engaging in DIY projects can save you money and give you a sense of accomplishment while deepening the appreciation and love you have for your vehicle.

Purchasing brand-new vehicle parts is often costly (although car title loans can help*), but some alternative options exist for locating more affordable components. One of the most common cost-effective approaches recommended in this beginner’s guide to car modification is looking for quality used parts. Many motor vehicle salvage yards offer used parts that are in good condition at substantially lower prices than new ones.

Upcycling is another way of saving money on car modifications and is also suggested in this beginner’s guide to car modifications. Instead of purchasing brand-new components, consider repurposing or modifying existing parts to conform to your vision.

If you have a very limited budget, this beginner’s guide to car modifications urges readers to prioritize modifications based on your specific needs and preferences. Focus on upgrades that provide the most substantial impact on performance or safety while remaining within your budget.

*Loan approval is subject to meeting the lender’s credit criteria, which include demonstration of ability to repay the loan. Not all applications will be approved.

As this beginner’s guide to car modification shows, vehicle modification offers a thrilling journey for newbies and experts alike. Modification comes with the opportunity to unlock the full potential of a vehicle and create a personalized driving experience. Even though the concept of “Car of the Future” might seem ambitious, it’s still within reach due to sustainable modifications that prioritize efficiency and innovation. By understanding the basics and exploring the possibilities, those new to vehicle modification can embark on an exciting journey of transforming their vehicles into even more impressive feats of engineering and design.

Is Now The Time To Buy, Sell, Or Trade In A Used Car?

Tue, 16 Jan 2024 19:35:22 GMT

The global upheaval in recent years, from the COVID-19 pandemic to geopolitical conflicts like the war in Ukraine, has left no sector untouched, least of all the auto market. With the potential for car prices to escalate exponentially, there's an air of uncertainty, leading to a crucial question plaguing car enthusiasts and practical consumers alike: "Is now the time to buy, sell, or trade-in my car?". This article delves into the complexities of the current automotive market’s situation , examining in-depth the factors influencing the decision to buy, sell, or trade-in used cars during such tumultuous times.

The Impact of External Factors on the Car Market

The auto market's turbulent state didn't happen in a vacuum. The global chip shortage, instigated in part by the pandemic's unforeseen impact on supply chains, has had far-reaching consequences, hitting the auto industry particularly hard. The chip shortage tightened vehicle production across the globe, leading to a surge in prices and the surge of the sellers' market.

Further complicating the situation, geopolitical tensions, like the current conflict in Ukraine, have only further disrupted already strained supply chains. These external pressures have collectively cast a shadow of uncertainty over the auto market, adding another layer of complexity to the decision-making process of potential buyers, sellers, and traders.

Understanding the New Norms

The rippling effects of these changes, influencing both new and used car prices, have created an unfamiliar landscape for consumers. It's crucial to understand these new norms to navigate the current auto market effectively. With used car prices experiencing a significant upswing, now may not be the ideal time to buy, but it can be an opportune moment to sell or potentially trade in a car.

The Decision Quandary: Buy, Sell, or Trade-In?

So, given the current market conditions, should you buy, sell, or trade-in your used car? Understanding what drives the market will help inform your decision. To buy, sell or trade-in a vehicle is not merely an economic decision; it requires understanding the broader market patterns, considering the ongoing trends, and making a forward-looking assessment of the potential developments.

Navigating Current and Future Developments

While the present market conditions may seem discouraging, especially to potential buyers, it's important to remember that markets are always in flux. Industry experts expect an improvement in supply chains, including the crucial microchips that have been in limited supply, which could eventually help stabilize the prices.

With uncertainty still looming, making an informed decision requires careful analysis of the current trends and potential future developments. Whether buying, selling, or trading, understanding the market's trajectory and making a decision that aligns with your personal needs and financial situation is crucial.

Buying a Car in the Current Market

From an economic perspective, the global auto market is presently experiencing a period of turbulence and uncertainty. A plethora of factors – such as the pandemic's impact on supply chains, a worldwide shortage of semiconductor chips, and now the Ukraine crisis – have lent to an unpredictable market and have caused car prices to soar.

When we talk about buying a car in today's market, it's important to understand the factors that are influencing car prices.

1. Semiconductor Chip Shortage: A major factor causing the price hike is an ongoing global shortage of semiconductor chips, a key component in today's modern vehicles . These chips control a variety of functions, from the car's entertainment system to critical safety features. The shortage has been sparked by increased demand for technology during the pandemic, coupled with reduced production capacity.

2. Pandemic-Related Challenges: The COVID-19 pandemic has caused production delays and disruptions in supply chains. This situation has resulted in a dwindled supply of new cars, causing consumers to turn to the used car market, which has inadvertently led to an increase in used car prices.

3. The Ukraine Crisis: The recent war in Ukraine is causing further instability in the auto market. With Ukraine being a provider of neon gas, which is crucial for laser-cutting steel and welding, the ongoing crisis threatens to exacerbate the auto industry's problems.

That said, the market predicts some relief in sight. The semiconductor chip supply is expected to improve in the near future, potentially easing the price situation and giving buyers a chance to pay less than the sticker price. Therefore, buyers considering a car purchase might benefit from a 'wait and watch' approach.

Selling Your Car in the Present Scenario

Contrary to the buyers, the current market condition can be advantageous for those looking to sell cars. The increased demand for cars and the inability of manufacturers to keep pace with this demand due to part shortages and supply chain disruptions has led to a sellers’ market.

Here are a few factors to consider:

1. Rising Car Prices: With the increase in demand surpassing the supply, sellers can command higher vehicle prices. The trend indicates that car prices could continue to surge in the coming years.

2. Maximizing Profits: Certain car models like Hyundai Sonata Hybrid, Chevrolet Spark, and Nissan LEAF, have seen their selling prices rise by a remarkable 50-60%. In scenarios like these, sellers will be able to maximize their profits.

Trading in Your Car

For those who are keen on acquiring a new vehicle, trading in an existing car[JL1] [AA2] can be an excellent option. This strategy is particularly effective if the car is a popular model, less than six or seven years old, and in good condition.

Points to note:

1. Trade-in Value: It is critical to thoroughly inspect your car, note its condition, and research the trade-in value online for similar models. Many resources offer trade-in value calculators that can give a good estimate.

2. Car Retention Value: Certain cars like the 2015 Mitsubishi Outlander are known for their retention value, and some could even fetch a higher price today than in the past.

In summary, the current market presents different opportunities depending on whether you're a buyer, a seller, or looking to trade-in your car. Despite the challenges, there are strategies in place to help navigate this unpredictable market.

Conclusion

In deciding whether now is the time to buy, sell, or trade-in a used car, several key factors and market dynamics need to be taken into account. Here is a more detailed, comprehensive break-down per each aspect:

Buying A Car in Current Market Conditions

The purchasing environment currently poses some challenges due to inflated pricing driven by the shortage of computer chips limiting vehicle production. Numerous car models have seen significant price hikes, for example, the Kia Rio’s cost has shot up by over 50%. However, there is a glimmer of hope for buyers as automakers are predicting improved supplies of microchips and other car parts in the coming years. This could ease price pressures and allow for more negotiating power on the customer side.

Still, instant gratification might not be the best strategy in the present circumstances. With the market on uncertain footing, a prudent approach might be to wait for the next few months to see if the predictions about improved supply chains materialize. This could well see potential buyers paying less than the current sticker price.

Selling Your Car at Present

Contrary to the buyers, those planning to sell a car are sitting in a favorable spot. The supply-demand mismatch opens up an opportunity for sellers to take advantage of the situation. Rising used car prices mean that sellers can expect to profit significantly from their transactions.

The market conditions are especially generous if one has popular models like the Hyundai Sonata Hybrid, Chevrolet Spark, or Nissan LEAF, the selling prices for which have seen a remarkable rise in the 50-60% range. At the moment, selling your car could indeed result in the best possible deal.

Trading In Your Vehicle

For those who are determined to acquire a car at present, the option of trading in an existing vehicle could potentially soften the blow of high prices. It's especially true for well-kept cars of popular models under six or seven years old. Before you finalize the trade-in, make sure to conduct a thorough inspection of your vehicle and research the trade-in values of similar models online.

Leasing as an Alternative

Given the volatile landscape, leasing a car could provide a more affordable option in the short to medium term. Although car leases are not immune to the current pricing trends, they could offer a more financially viable pathway. It's certainly worth looking into local dealer options and considering whether this model would suit your needs.

To conclude, while the current market conditions offer great opportunities for those looking to sell or trade-in, prospective buyers might be better off waiting for a few more months for the market to stabilize. Meanwhile, leasing a car could be a workable alternative during this period of uncertainty.

This recommendation is based on a detailed analysis of the current market dynamics. However, personal circumstances and individual needs should also be taken into account while making a decision.

FAQ’s

Is now a good time to trade in my car?

The answer to this question largely depends on the current automobile market trends and the specific circumstances of the car owner. Factors like the vehicle's condition and type, the global impacts on car markets, and personal financial considerations all play a role. Trading in a car can be a smart move if the demand for used cars is high, and you could negotiate a favorable deal.

Is it a good time to trade in my car considering the current market situation?

The answer depends on the state of the market. If the market for used cars is strong, it may be a good time to trade in your car. However, if the market is weak, it might be better to wait until conditions improve. You should also consider factors such as the condition of your vehicle and your financial situation.

Given the current scenario, is now a good time to sell a car?

Deciding whether it's a good time to sell a car involves considering factors such as current demand and supply in the used car market, the condition and type of the car, and external market influences like global events. If the demand is high and the supply is low, it might be a profitable time to sell a car. However, it's also crucial to consider personal factors like the car owner's financial situation and future plans.

Driving into the Future: The Best Cars Worth Waiting For

Tue, 16 Jan 2024 19:18:55 GMT

As the motor vehicle industry enters the future, one of the most exhilarating experiences for vehicle enthusiasts is the unveiling of upcoming car models. This is an era of mounting anticipation and excitement, as vehicle manufacturers introduce their latest innovations. A new vehicle is more than a machine. It's a sign of progress and suggests tomorrow's technology. Whether it’s a sports car, truck, or sports utility vehicle, the best cars worth waiting for raise curiosity and passion along with capturing the collective imagination.

In this article, we explore the most exciting cars worth waiting for that are expected to be released between 2024 and 2028. Each vehicle represents a blend of leading technology and design. Not to mention, shopping for a car in 2023 and beyond might be a completely different experience in the coming years. Join us as we explore the future of motor vehicles.

The Top 10 of 25 Cars Worth Waiting For

Ranging from luxurious sedans to sporty offerings, the list of best cars worth waiting for is a competitive one. Here is our top 10:

Cadillac Celestiq. As part of the best cars worth waiting for, Cadillac’s EV series will soon see the introduction of the 2024 Cadillac Celestiq , a luxurious sedan featuring all-wheel-drive and a driving range surpassing 300 miles. With a price tag of around $300,000, the Cadillac Celestiq is expected to deliver the ultimate in luxury, technology, and performance. Besides all this, the Celestiq is considered one of the most beautiful vehicles released in the last few years.
Porsche Macan EV. Undoubtedly, one of the best cars that might be worth waiting for is the Porsche Macan EV . Announced in 2019, Porsche has released some impressive details about the EV crossover including that the vehicle features 595 horsepower and 738 lb-ft of torque from a 100-kWH battery. Unfortunately, many other details about this exciting new vehicle are still unknown.
Porsche 911 ST. Porsche is prepared to release another vehicle that could join the list of the best cars worth waiting for in the form of the 911 ST. Porsche is reportedly set to release a new vehicle this year and several rumors have pointed towards a new 911 trim referred to as the ST. This label, first used to denote lightweight race cars, commonly comes stamped on the back of a carbon-heavy lightweight 911 with GT3’s engine.
Mercedes-AMG GT. Mercedes confirmed the AMG GT's existence at the same time that the outgoing model’s production was discontinued in September 2022. Certainly, one of the best cars worth waiting for, this vehicle is anticipated to borrow its styling and drive chain from the SL convertible, which is already on the market.
Aston Martin Vanquish. Another addition to the list of best cars worth waiting for is the upcoming 2024 Aston Martin Vanquish. Renowned British automaker, Aston Martin, is expected to change the supercar industry with its upcoming 2024 Vanquish. Competing with the Ferrari F8 Tributo and the McLaren 720S and 765LT, the Vanquish offers strong performance and a stunning design. With its mid-engine layout and a price tag of around $300,000, the vehicle represents the realization of many performance enthusiasts' dreams.
BMW i8 M. The BMW i8 M, due for release in 2024, is among the best cars worth waiting for. Following the revolutionary nature of BMW’s i8 in the hybrid sports industry, BMW is scheduled to release the i8 M in 2024. Emphasizing performance and featuring retro M1-inspired stylings, the i8 M is focused on appealing to both BMW fans and green technology supporters.
Ferrari Purosangue. Among the best cars worth waiting for, the Ferrari Purosangue stands out. Ferrari is beloved for its lineup of performance sports cars but is scheduled to enter the SUV market with the Purosangue. Emphasizing the vehicle’s thoroughbred nature and utilizing naturally aspirated V-12 engines, the Purosangue will likely prove a strong competitor with other luxury SUVs on the market.
Dodge Charger EV. The Dodge Charger EV is definitely among the best cars worth waiting for. Dodge’s beloved muscular car is creating excitement due to its retro style equipped with advanced technology. Offering various power levels, this EV charger will likely represent a noteworthy introduction to American muscle cars.

Spotlight on Electric: Electric Cars Worth Waiting For

Countless electric vehicles are expected to be released over the next few years. Among the best cars worth waiting for, these electric entries hold a notable place.

Genesis GV90. Among the best cars worth waiting for is the Genesis GV90. As the luxury SUV market continues to see the introduction of new vehicles, Genesis is scheduled to launch its range-topping GV90. As a three-row electric SUV with various luxurious features and a long driving range, this model is likely to secure Genesis’s position as a luxury brand leader.
Dodge Charger Daytona SRT. If you're looking for the best cars worth waiting for, the Dodge Charger Dayton SRT should be on your radar. With V-8-powered Hellcat models coming to the end of production, Dodge is now entering its electric future with the Challenge’s replacement, which has been referred to as the Charger Daytona SRT. The SRT is a pure electric vehicle with a simulated gear-shifter.
GMC Hummer EV. Once viewed as a “gas guzzler”, Hummer has seen a substantial comeback as an all-electric sub-brand of GMC. Featuring incredible power and great performance, Hummer’s EV is slated to compete with other top electric pickups and SUVs. Revolutionizing the “gas guzzler” reputation of the Hummer, this is likely one of the top cars worth waiting for.
Mercedes-Benz EQG. Rumors have circulated about an all-electric G-Class since 2019. When Mercedes-Benz displayed its EQG concept in 2021, most people knew that it would only be a short time before a production version was released. Among the best cars worth waiting for, the Mercedes-Benz EQG certainly holds a place.
Honda Prologue. Honda is joining the series of upcoming electric vehicles with its Prologue, a new electric crossover scheduled to utilize GM’s Ultium battery platform. In addition to offering a more luxurious Acura version, the EV is focused on attracting environmentally conscious consumers. As one of possibly the best cars worth waiting for, Honda’s Prologue is slated to enter the electric vehicle market.
Lexus Electrified Sport. Lexus is considering entering the world of electric vehicles with its Electric Sport, a high-performance electric vehicle that’s being considered as one of the best cars worth waiting for. Offering strong acceleration and an extended range, Lexus’ vehicle is focused on capturing the hearts of sports car enthusiasts.
Nissan Maxima. Nissan plans to introduce an electric sedan that will bear a Maxima label and is thought to be one of the best cars worth waiting for. With a design taken from the IMs concept car, the Maxima EV is focused on competing with other electric sedans on the market.
Porsche 718 Boxster and Cayman EV. Porsche’s iconic 718 Boxster and Cayman models are poised for an electric makeover and some of the best cars worth waiting for. Offering more than enough horsepower and the same balanced chassis as gas-powered versions, these electric vehicles could manage to maintain the soul and spirit of a Porsche.
Volkswagen Scout SUV and Pickup. Volkswagen purchased the rights to the American utility vehicle brand, International Harvest, in 2020. The company then shared plans to revive the marque as an electric SUV and truck sub-brand in 2026. Volkswagen has even released a teaser drawing of the planned models that are among the best cars worth waiting for.
Subaru’s WRX STI EV. Subaru’s vehicle is scheduled to electrify rally performance in 2028. The vehicle retains an all-wheel drive rally-inspired heritage, but also features a projected output of more than 400 horsepower. This electric vehicle is considered one of the best cars worth waiting for since it could be another substantial game-changer in the performance car market.

Car and Driver Cars Worth Waiting For

Luxury vehicles push the boundaries of luxury and comfort in the automotive industry. Some of the most anticipated luxury vehicles among the top models worth waiting for include:

Mazda CX-90. Mazda is lifting its brand to a new height with the CX-90, a three-row SUV that comes equipped with an inline-six engine. Combining luxury and performance, the CX-90 is among the top cars worth waiting for and is focused on competing with premium SUVs in the market.
Mercedes-AMG C63: Mercedes-AMG’s top C-class model embraces electrification with a hybridized turbocharged four-cylinder engine that reportedly generates a whopping 671 horsepower and is among the best cars worth waiting for. This top C-class model represents a new chapter for AMG’s high-performance sedans.
Chevy Corvette SUV. Corvette is expanding its lineup to include a performance SUV that is recognized as one of the best cars worth waiting for. Many expect the vehicle to include a range of engine options including a four-cylinder to a supercharged V-8. This vehicle is likely to challenge traditional notions about what a Corvette is.
Chevy Corvette ZR-1/Zora. Built on the success of the Corvette C8, Chevrolet plans to introduce the ZR-1 and Zora. With power outputs rumored to reach over 800 horsepower (ZR-1) and 1000 horsepower (Zora), these all-wheel-drive vehicles that are already viewed as among the best cars worth waiting for are likely to test the boundaries of vehicle performance.
Hyundai Vision 74. Hyundai has yet to confirm whether it will release the Vision 74 into production, but one rumor from a Japanese-based website suggests that it could be coming soon.
Ford Mustang Raptor. Ford has gained a reputation for its series of Raptor pickups and the company is now rumored to be giving the Mustang a treatment similar to the Raptor. Boosting a naturally aspirated V-8 engine, all-wheel drive, and aggressive styling, this limited-run vehicle is slated to be unique and feature thrilling off-road performance. The Raptor is undoubtedly one of the best cars worth waiting for.
Toyota Sports Car. Toyota has yet to confirm a new sports car, but many leaks and speculations point that such a vehicle is coming. A proposed two-seater sports vehicle is one of over a dozen concepts that Toyota displayed in 2021. Earlier in 2023, Toyota CEO, Koji Sato, suggested that his predecessor, Akio Toyoda, would pivot to focusing on creating more performance-based cars for the company. Despite only early details being released, Toyota’s sports car will likely be one of the top cars worth waiting for.

Budget-Friendly Options: Affordable Entries Among the Twenty-Five Cars Worth Waiting For

Some of the best cars worth waiting for are likely to both offer technological innovations, while also being affordable. The following budget-friendly vehicles are scheduled for release over the next few years:

Ram Dakota. Ram Dakota is making a comeback under the Ram name, offering a more feasible alternative to the Gladiator. Built on a similar platform to the Jeep, the Ram Dakota is expected to be a strong contender in the mid-size pickup market and one of the best cars worth waiting for.
Toyota MR2. Toyota will release a revival of the MR2 featuring electrification in 2024 which is one of the top cars worth waiting for. As part of its EV plans, Toyota has suggested that the sports car will carry on the MR2’s legacy.
Mini Cooper. Mini is anticipated to reveal additional details about its upcoming 2025 Mini Cooper at any time, but the vehicle is expected to be one of the best cars worth waiting for.

Upcoming Tesla Releases: Bold Innovation Among the Twenty-Five Cars Worth Waiting For

Tesla’s Cybertruck was first previewed in 2019 with a bold and unconventional design, which created awe and uncertainty among spectators. During the demonstration, the Cybertruck’s armored windows were labeled as unbreakable, which caused pre-orders to rush in. The first Cybertruck deliveries are scheduled for 2023 and could be worth the wait. The Cybertruck’s strong performance capabilities and ability to function as a temporary boat distinguish it from traditional vehicles.

Tesla has also suggested the eventual release of a four-motor version with tank-like maneuverability. Combining innovation and minimalism, the Cybertruck bypasses traditional door handles and is one of the best cars worth waiting for. Instead, the vehicle’s side mirrors can be removed. Due to its futuristic design and advanced features, the Cybertruck is likely to become a hot seller in the electric pickup truck market.

The New Age of Motor Vehicles: 2024 Vehicles And Beyond

The automotive industry’s future might be full of exciting and innovative cars, trucks, and SUVs. Ranging from electrified supercars to electric pickup trucks, these vehicles represent the forefront of automobile technology and design. They are one of the best cars worth waiting for. As we anticipate the arrival of these vehicles over the next few years, these vehicles have the potential to reshape the automotive landscape. They provide thrilling performance, luxurious features, and sustainable mobility for the next generation of motorists.

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Top Reasons To Buy An Electric Car Instead Of Gas Vehicles

Wed, 15 Nov 2023 16:55:09 GMT

Lots of drivers dread their long commutes to work or school each day. Due to rising fuel costs and the impact of carbon emissions from gas vehicles, electric cars can appear more appealing to many commuters.

An electric car is an automatic vehicle with an electric motor that powers it. A fully electric car does not run on gas or diesel. This can mean huge savings for you as a consumer, especially as gas prices continue to rise.

Why You Should Consider Buying An Electric Car

There are many factors to consider when buying an electric car, including:

● The electricity for charging an electric car is cheaper than the cost of gas.

● If an electric car recharges at home overnight, time and money aren’t wasted going to get gas or charging at a more expensive, less convenient charging station.

● Solar and wind-powered electricity is lowering in cost and may be way lower than the cost of gas in the future .

● More electricity is created using renewable sources every year.

● Secondhand electric cars can be cheaper than secondhand gas vehicles.

● The maintenance cost of a secondhand electric car is a third of that of a gas vehicle.

● The cost for parts and maintenance on a secondhand gas vehicle can be very high, and the car can break down often. Electric cars have fewer moving automotive parts and require fewer repairs.

Is It Worth It To Buy An Electric Car?

The answer to whether it is worth buying an electric car is complicated, and you have to weigh the benefits and disadvantages of buying an electric car.

Benefits Of Electric Cars

For many who are considering buying an electric car, the biggest benefit is gas savings, especially if they can charge their car at home.

Comparing an electric vehicle with a gas vehicle in the same class, the electric vehicle savings range from $.14 per mile to $.10 per mile. This is anywhere from three to five times cheaper per mile. The reduction of spending money on gas can go a long way in helping you reach financial independence.

The reduced environmental impact of driving an electric vehicle instead of a gas vehicle can be another benefit. An electric car’s footprint is smaller over its lifetime than a gas vehicle, even when considering the electricity used for charging.

Drawbacks Of Electric Cars

Despite the money-saving benefits and environmental benefits, there are some potential disadvantages to owning an electric car. The biggest concern is worry over the range of the vehicle. Advances in technology have now made it possible for most electric cars to be driven 200 miles on a fully charged battery. Driving habits and weather conditions may play into this, however.

Another concern that people have about electric cars is that they may have to search to find a charging station. While this may have been the case, many people can now meet most of their driving needs by charging their vehicles at home.

There are now over 45,000 public charging stations in the United States. Work charging is also becoming more available, and you can use an app to locate a charging station.

Charging Your Electric Car At Home

Your home charging options will vary based on your location. If you live in a recently built development, you may have access to vehicle charging stations at home. Living in an older home, you can charge your electric car using a residential power outlet. Although it can take up to 12 hours to charge fully, this is still convenient for most people.

How To Buy An Electric Car

Like most cars, you can buy or lease a new electric vehicle from a dealership, a used vehicle from a new car dealer, a used car dealer, or a private party. Buying a car from a dealership should be like purchasing a gas vehicle. The best way to learn about dealers to buy an electric car from is by exploring owner forums for vehicles you are interested in. Electric cars can be financed and insured just like gas vehicles.

You can also buy an electric car from an automaker and their showroom. However, due to strict dealer laws, purchasing a car without a dealership network is more challenging, depending on the state.

Should I Buy An Electric Car Or Lease One?

While you can do either, just like with a gas vehicle, the decision can be more difficult to make with an electric car. Some experts suggest only leasing electric cars because technology is advancing at such a rapid rate, and there is still some uncertainty about the lifespan of an electric car battery or an electric car’s degradation of range over time.

Alternatively, when you lease an electric vehicle, you may lose the ability to claim tax credits and other incentives that will instead be taken by the leasing company.

Should I Buy An Electric Car Now Or Wait?

Since the pandemic , the price of electric cars has gone up. There isn’t a right answer to this question. The decision depends on a few essential questions, including how much you can spend, what type of car you need, if you would buy used or lease, etc.

Electric vehicle prices are coming back down slowly, although they currently remain well above the industry average . More models are also hitting showrooms, and dozens of new electric cars are expected to come out in the next two years, expanding the selection.

When it comes to electric cars, your options are affordable, long-range, or large-size. Recently automakers have focused on compact SUVs with 250-mile ranges, so if that is the size of vehicle you are looking for, then go ahead; if not, it may be best to wait. The selection for larger electric cars might be scarcer. If you want a truck, waiting for new models to come out may be better.

Reasons You Might Hesitate To Buy An Electric Car

There are some reasons not to buy an electric car. These can include:

1. Higher Cost

You generally have to pay a higher upfront cost for an electric vehicle than a gas vehicle. Although the savings in gas and maintenance equal out over time, it is still a big part of the decision for many people, especially because they can often buy a bigger gas vehicle for the same cost.

2. Lack Of Infrastructure

Even though you can charge your electric car at home, it is often cheaper to use a public charging station. Depending on where you live, finding a public charging station can mean having to drive as much as 50 miles or more.

3. Extended Charge Time

While a gas vehicle can be filled in minutes, it can take up to six to eight hours to charge an electric vehicle at home. Even with a fast charger and a bigger battery, it still can take between 30 to 60 minutes to get a decent charge.

4. High Insurance Cost

An electric car can be expensive to insure due to emerging technology . While electric cars have fewer parts, like batteries, those parts may be more expensive.

5. Limited Charging Infrastructure

While electric cars don’t need gas to operate, they are still very reliant on charging. There is a significant lack of charging stations, and this fact may make you not want to buy an electric car. The good news is that the number of charging stations is increasing, but this will take time.

6. Improving Battery Technology Will Bring Down Prices

Electric cars are currently more expensive than gas vehicles. However, the upfront cost is expected to drop thanks to improved battery technology. Around 30 to 40 percent of an electric car’s cost is due to the battery alone. The introduction of new and cheaper batteries over time will help bring electric car costs down.

7. Not Many Mechanics Service Electric Cars

Although routine maintenance isn’t as much of an issue with an electric vehicle, you still need to take it in for maintenance every couple of years. There are currently a limited number of mechanics who are trained to work on electric cars. This can mean if you have an issue with your vehicle, you may have a challenging time getting it fixed.

Should You Buy An Electric Car? Key Takeaways

Electric cars have many benefits for users, including gas and maintenance savings and being more environmentally friendly. However, electric vehicles can have some drawbacks, including higher insurance costs, more expensive repairs, trouble finding certified mechanics, extended charge time, limited charging infrastructure, and more.

Whether or not you should buy an electric car depends on what type of car you are looking for, including range, how close you are to a charging station, if you can charge your vehicle at home, and if you feel that the gas and maintenance savings are worth it.

10 Ways to Start Saving Money

Tue, 14 Nov 2023 16:09:32 GMT

Inflation is boosting the costs of everyday goods and possibly creating havoc for monthly budgets . The price of food and other items has increased across the country, and as costs rise, income might be stretched to the limit. The impact of inflation can make everyday life much more expensive, and households might find it difficult to subsist on their income.

Saving money might seem like a luxury now. However, cutting costs and building up a savings reserve isn’t impossible even during inflationary times. Here are 10 ways to start saving money and create a ‘saving’ habit to build a reserve that can help in times of emergency:

Pay with cash and keep the coins
Allocate a small amount from every pay period
Cancel unnecessary expenses
Make a list at the grocery store
Embrace energy-efficient habits
Aim to pay on time
Don’t opt for delivery
Cook at home
Audit spending habits
Clip coupons and consider choosing private-label brands

Coins Add Up

According to Fundera, the majority of people use a method other than cash to pay for items; in fact, only one out of 10 consumers use cash . While swiping a debit or credit card could be more convenient, it also could lead to buying more.

Paying with cash limits purchasing power; consumers can only buy what they can afford to purchase with the money they have on hand. When using a debit card, it can be easy to grab a few extra items or even justify another item because swiping that card for a $2 purchase feels silly.

Using a credit card as a form of payment comes with other issues. If the card’s balance isn’t paid in full every month, that balance accrues interest which bumps up the price of those items.

Paying with cash might be a hard habit to embrace when an individual is used to swiping a card, but cash can lead to savings beyond the buying restraint that it places on the consumer. Paying with cash can mean receiving change back from the purchase. While a few quarters or dimes don’t seem like much money, the coins add up over time. Stash the change in a jar or a piggy bank and start saving.

Paying with cash is a simple way to help rein in spending habits and slowly start saving money, too.

Save a Small Amount from Every Paycheck

Consumers might feel that they cannot save. The reason they might feel that there is a financial barrier to saving money is that they view the concept of saving money incorrectly. Sometimes people assume that they need to allocate hundreds of dollars each month to accrue an emergency fund. While, yes, saving hundreds each month is a great option to build up savings, this savings plan isn’t feasible for everyone.

Creating lofty savings goals can cause frustration. If someone can’t afford to save $100 each month, they should consider allocating an amount that they can save. Even saving $5 each month is a start. Save what is feasible and build from there.

Cancel Unnecessary Expenses

Consumers who want to build a savings fund or who need to cut costs to save money might need to make some difficult or uncomfortable choices. When money is tight and consumers need to free up cash in their budget, it might be time to cancel unnecessary expenses.

Luxury expenses are things we want, not the things we need. Food, housing, and perhaps a car are all necessary. Streaming services, manicures, and lattes are all luxury ‘wants.’ Review the budget and see what ‘wants’ are draining the budget. These are the items that are up for cancellation.

Make a List at the Grocery Store

Using a debit or credit card can cause consumers to possibly spend more than they intend to spend, but there is another bad habit that also could be harming the budget and crimping cash flow. Shopping without a list makes consumers vulnerable to impulse buying, and shopping hungry could be problematic, too.

Shopping without a list could lead to impulse buying or simply buying items that are unnecessary—like purchasing more butter if it’s already stocked in the fridge. Without a list, consumers also could forget important items they need and may have to run up to the store again; this extra trip could lead to buying more items than intended.

Before visiting the grocery store, audit the fridge, pantry, and cupboards to understand the items that are needed for the week. Plan a menu to further guide food purchases. Aim to only purchase what is on the grocery list.

Embrace Energy-Efficient Habits

In some areas, the cost of electricity could be higher. Utility bills are a necessary expense for the home, but there are ways to save on these expenses. Bad habits can cause consumers to waste electricity and pay more utility costs. In addition, heating and cooling the home is the dominant energy drain in the home; for this reason, consumers need to be mindful of how they use their HVAC system.

During the winter (in areas that are cooler), open the blinds for natural light to enter the home (and maybe add some warmth). Look at the thermostat and check the temperature; consider nudging the temperature down a few degrees to help save money.

Consumers who have a programmable or smart thermostat also can choose more energy-efficient settings while they are at work. The thermostat also could be programmed at a warmer temperature during the evening when individuals are at home.

Aim to Pay on Time

When consumers pay their bills late, they are typically assessed an additional fee. These fees zap more money from the budget and make it harder to save money. In addition, payments that are far overdue also could cause credit scores to nudge lower.

Aim to pay bills on time to ensure that those bills aren’t even more expensive from accrued late fees. Set reminders on a phone or other device so the bills don’t go beyond the due date.

Ditch Delivery

Delivery services are convenient, but they also add to the cost of food and other goods. While having a delivery person drop off food at the door saves time, the service simply bumps the price of the meal. Money and time are both valuable; however, consumers who need to save money might need to sacrifice their time in order to save money and pay less for food and groceries.

Cook at Home

Fast food was once considered a cheap option for those on a budget. Drive-thru meals have become more expensive, and even a value meal at a fast food chain can cost $10. Cooking at home is healthier and cheaper. Instead of pulling through the drive-thru, make a list for the grocery store and start a cooking habit.

How cheap is cooking? A pound of ground beef is around $5 and makes four hamburger patties. Buns might be $10 (for eight), and a five-pound bag of French fries is around $6 . Considering this meal would feed four, it amounts to about $5 per person. One meal for four costs only $3 more than that value meal that feeds one person.

Audit Spending Habits

Consumers might have different spending vices. Some treat themselves to an espresso at a favorite coffee shop each morning. Others love to buy new clothes. Some people go to the bar or out to eat often.

Where is the money going each month? How is income spent? Audit spending habits and find out what to cut in order to save money.

Clip Coupons and Choose Private Label Brands

Saving might mean making sacrifices. While a name-brand cereal might be the preference, private-label cereal could be cheaper and taste the same. In fact, some private label brands are really name brands in disguise. For those who love a particular item or brand, though, coupons can help reduce the cost. Clip coupons to save money on purchases and opt for private-label brands when possible.

Other Ways to Save to Build a Reserve

There are many other ways consumers can save money each month and have a little extra to set aside to create a reserve fund. Cutting unnecessary expenses, shopping smart, using cash, and even saving a set amount out of each paycheck can all be small steps to bigger savings goals.

In addition, creating a budget also can help consumers better manage their finances and help save money. In order to create a budget, consumers need to know their monthly expenses and their monthly income. A budget can be created via a piece of paper or using a computer program like Excel. Create line items for every expense, both fixed and variable. The price of variable expenses changes each month.

When budgeting variable expenses, aim for a higher amount to ensure that the budget isn’t impacted if costs are under budget. Variable expenses might include fuel (for cars), food, and entertainment. Utility costs also might be a monthly variable expense. Mortgage, rent, car insurance, car payments, and other loans are typically fixed expenses.

Once consumers create their budget, they can understand their financial big picture. They might decide that they need to cut some unnecessary spending habits in order to save money. Creating a budget can be the first step to taking control of an individual’s financial future.

Ditch Delivery

Cook at Home

Audit Spending Habits

Where is the money going each month? How is income spent? Audit spending habits and find out what to cut in order to save money.

Clip Coupons and Choose Private Label Brands

Other Ways to Save to Build a Reserve

Here’s How the Metaverse Could Transform the Auto Industry

Mon, 29 May 2023 15:51:47 GMT

When Facebook changed its company name to Meta , the new identity didn’t simply mark a brand change. The Meta moniker served as a nod to the future of the company and its evolution into creating a portal into the metaverse.

What is the metaverse and what will it look like? The metaverse is nothing new; it exists in many forms and it could change how we interact, how we shop and perhaps even how we live. Here’s how the metaverse could even change the auto industry and how we drive.

In the future, the metaverse could include:

Self-driving cars
Avatar passengers
Virtual vehicles
NFTs
Virtual car shopping
Paying with crypto

Self-Driving Cars

While many electric vehicles include some computer-programmed navigational features, the self-driving or fully autonomous car is not yet a reality for consumers. However, there are self-driving e-hail services that are currently being tested on the west coast (by Zoox).

Self-driving cars would need to communicate with other vehicles and even perhaps traffic lights and other road data, too. How would this work? That’s anyone’s guess, but it could involve the metaverse. There could be data that’s projected on the windshield via augmented reality.

Avatar Passengers

Imagine having a friend sit in the passenger seat without actually being in the car. How is this possible? Avatars, of course! Nissan is currently working on its Invisible to Visible (I2V) technology that would allow for passengers to appear in the vehicle as avatars.

I2V also would project a driving instructor or maybe even a tour guide in the car, too. These individuals would be visible to the driver thanks to a pair of goggles or glasses.

Virtual Vehicles

Not all car buyers can afford a Ferrari or a high-end luxury automobile. However, thanks to technology, all buyers might have access to these automobiles virtually or even via augmented reality. The Porsche Vision Gran Turismo was an electric vehicle that was only available for virtual interaction in the video game Gran Turismo 7.

This wasn’t a Porsche that required any investment beyond the purchase of the video game. Teens or anyone with a game console could get behind the wheel of this vehicle and enjoy the exclusive Porsche experience.

In a news release, Robert Ader, vice president marketing at Porsche AG, explained:

“We can engage young and digital target groups in the place where their automotive dreams are born: the world of gaming….”

NFTs

Non-fungible tokens are collectible virtual assets and some are quite valuable. The site Hotcars explained that Lamborghini released an NFT project called Space Time Memory. The project was an NFT series; there were five photos of a Lamborghini Ultimae that are heading into the stars. All the photos sold at auction and sold for a combined total of $659,636. The auction lasted a little more than three days.

However, Hyundai was actually the first auto company to launch NFTs . The company released 30 NFTs as part of its film “Metamobility Universe.”

Virtual Car Shopping

Will car buyers be able to access a virtual shopping experience via augmented reality glasses or a virtual reality headset? In the future metaverse, anything could be possible.

Many tech companies have their eyes set on augmented reality glasses. While many have been watching and waiting for Apple to release these glasses, nothing has hit the market yet.

Could another company release augmented reality glasses? Meta recently partnered with Ray-Ban to release the Stories glasses ; while these glasses do not offer augmented reality, they can snap photos and videos.

Perhaps the future of shopping for a car or for any goods or services will require consumers to enter a metaverse mall filled with virtual or augmented reality shopping experiences.

Paying with Crypto

Cryptocurrencies (crypto) include Bitcoin, Dogecoin, Ethereum and many other coins that can be purchased, traded and used for certain purchases (just like other forms of currencies). While some crypto is limited in its offerings (like Bitcoin), others are not.

The price of each crypto also varies; the value changes according to supply and demand. For example, one Bitcoin is worth more than $20,000. Again, though, the value changes. Currently, one Dogecoin is valued at $0.067. Some manufacturers like Tesla accept certain types of crypto as a form of payment.

Is crypto part of the metaverse? The Motley Fool explains that the two are different, but they could become a bit symbiotic in the future.

How Consumers are Already Plugged into the Metaverse

The metaverse might be accessed via virtual reality, but some consider augmented reality also to be part of the metaverse. Augmented reality is already woven into many of our daily experiences and we use this technology during the daily drive, too.

How are consumers plugged into the metaverse in their vehicles?

Backup and Front Cameras

Many modern vehicles offer backup cameras or cameras in the front of the car to aid drivers navigating tight parking spots. These cameras typically display augmented reality graphics like grid lines overlaid on the real environment.

Using cameras helps drivers better understand their turning radius and proximity ot other vehicles. These cameras can help drivers avoid fender benders and minor collisions while backing up or pulling into a parking spot.

Augmented Reality Heads-Up Displays

As technology becomes more advanced, vehicles are increasing their tech offerings and safety systems. Drivers can now choose to include advanced heads-up displays that project augmented reality data to show upcoming obstacles, warn of bikers and update drivers on their speed, too.

Augmented reality-equipped heads-up displays also can show directional arrows that help drivers know when it’s time to turn or where they need to go next during an unfamiliar drive.

GPS Devices

Many vehicles include GPS navigation either within a display or via a smartphone that’s plugged into the vehicle. These GPS functions can show a real-time look at the drive and might even include augmented reality graphics to update drivers about upcoming turns or when to merge onto the highway.

Vehicle Preview Experiences

According to the 2021 Car Buyer Journey Study (from Cox Automotive), car buyers spent more than seven hours shopping online and researching vehicles. The study was noted as the “Pandemic Edition,” and during the Covid pandemic , many buying habits changed.

Covid pushed many auto dealerships to take the car buying experience online. While the pandemic has eased and restrictions are no longer impacting business as usual, online car buying still remains a popular option.

In fact, now car buyers have many resources at their fingertips including augmented reality and virtual reality preview experiences . Some manufacturers include augmented reality experiences that allow car shoppers to use the camera on their phone to capture their environment and drop in a model of their favorite vehicle.

Augmented reality let's buyers see the car in their driveway, their garage or anywhere. They might even be able to walk around the car or look inside. Every experience might be designed differently.

Some dealerships or manufacturers also could offer a virtual reality experience. Car shoppers might use a headset to step into a virtual showroom and interact with vehicles.

Ultimately, the metaverse isn’t really anything new for consumers. The metaverse has existed in some form for a while. The metaverse has the potential to change how consumers shop, how they interact and it might even change how they drive.

EVERYTHING YOU NEED TO KNOW ABOUT CAR TITLE LOAN REQUIREMENTS

Fri, 26 May 2023 17:14:08 GMT

If you’re short on cash during the month and expenses are piling up, you may be in dire need of more cash flow . But what happens if even a side gig, a standard loan or other solutions just don’t produce the cash flow you need?

Car title loans are an option to secure that cash now, and the process to secure this type of loan is fairly simple. So what should you know about car title loan requirements ?

To apply for a car title loan, you need:

A clean car title (salvage titles are not eligible)
To consent to a credit check
To have ownership of a vehicle (partial ownership is fine)
Equity in your vehicle

Car Title Loan Requirements: The Car Title

To secure a car title loan, you will need to submit the title to your car. What happens if you can’t find the title? We can help you hunt it down ; that isn’t a problem!

What is a problem? If your automobile has a salvage title , the vehicle cannot be used to secure a car title loan. Why?

Often, salvage titles mean the car has less value and a salvage title may make it very difficult to estimate the equity in the vehicle.

What about other vehicles besides cars? Can RVs and motorcycles be used to secure a title loan?

Yes! Both recreational vehicles (RVs) and motorcycles may be used as collateral for a title loan.

However, motorcycles typically have lending caps associated with the loan. So while that vintage Harley may be worth a lot of money, some lending policies cap the loan amount (ours at $4,000).

RVs, on the other hand, may be worth substantially more. These loan types typically don’t have a maximum loan value, unless as guided by state laws and mandates.

Car Title Loan Requirements: A Credit Check

Individuals with no credit or even bad credit can still be approved for a car title loan. So why do we need to check your credit score?

Like most loans, your credit score gives an indication of your creditworthiness . Credit is one of the factors that lenders use to determine the terms of your loan. Credit score is a factor that can affect aspects of your loan such as the loan amount and APR that you are eligible for.

Your loan’s interest rate is often tied to your credit score and the risk associated with that score. While a low score won’t mean that your application will be denied, it may lead to higher rates .

Car Title Loan Requirements: Ownership of the Vehicle

To qualify for a car title loan, you need ownership of your vehicle. However, this doesn’t mean your car has to be free and clear of a loan (or a lender lien). You can still qualify for a title loan even if you’re making payments on your current loan.

The exception? If your car loan is higher than the resale value of the car, then you would not qualify for a car title loan. You need equity in your car to qualify for this type of loan.

Car Title Loan Requirements: Equity in Your Vehicle

The most important requirement for qualifying for a car title loan is equity! You cannot borrow more than your car is worth, and you cannot secure a title loan if your car is worth less than what you currently owe to another lender.

So how do we determine the resale value of your car? There are many factors that determine a car’s value including:

Age
Make/Model
Condition
Mileage
Car Title Type (again, you can’t secure a title loan with a salvage title)

Each of these variables affects the overall value. So while a luxury automobile might be worth more if it is newer, an older luxury vehicle might be worth less than a newer standard vehicle.

Of course, condition and mileage also factor into the resale equation. As the miles on the odometer climb, the resale value may fall. Why? Because as vehicles age and are road weary, things start to break down with the mechanics.

The condition of your car is something that every owner can control…within reason. When you take care of your automobile, it shows. So remember to do upkeep like vacuuming, dent repairs, paint touch ups and even interior cleaning.

If your car has body damage, it may lower the value. Even a scratched bumper may affect the estimate. So fix the little things to keep vehicles looking their best.

Car Title Loan Requirements: Loan Minimum and Maximum Values

Even if your car is worth tens of thousands, you might not be able to borrow the full amount. Why?

Many states have lending laws that may limit the amount you can borrow against your car. Loans must be written in accordance with state and local laws .

In addition, lenders may have loan minimums or maximums. This doesn’t mean that you have to use the entire loan amount, though. Use what you need , and never spend more than you know you can pay back.

Car Title Loan Requirements: Payment Expectations

Car title loans are meant to be short-term loans. This means that you’re expected to pay back the loan over a reduced term. So while the average mortgage loan is typically 15 to 30 years, a title loan must be paid back in a much shorter time frame (typically, 24-48 months).

So what are the payment options? To make monthly payments easier, you can elect automatic withdrawals. Or you can pay online or via check. Choose the payment option that works best for you, but remember, late payments are subject to additional charges.

Car Title Loans: Apply Now!

Think that a car title loan is right for you? Use our quick online form to receive a free loan quote . In a matter of minutes, you’ll receive an estimate regarding the value of your car.

A quote does not guarantee that you qualify for a loan and all quotes are estimates. Again, many factors affect the value of your car. The quote is for informational purposes only.

If you’re interested in pursuing your options with a car title loan, apply today. Our friendly loan officers are here to help you throughout the process so you can get the cash you need for those unexpected expenses.

More Resources

What is Free File and Who Can Use this Free Service?

Wed, 26 Apr 2023 23:18:09 GMT

Tax season is a few weeks away. Those who haven’t yet filed their 2022 returns are likely getting their forms together to handle this yearly obligation. According to Ramsey Solutions, the cost to file a tax return is, on average, $220 , but this price is associated with basic returns. More complicated returns that include itemized deductions could soar higher .

Many Americans are paying too much to file their returns, and many could file their return for free through a program called Free File. What is Free File and who can use the service? Here’s what to know about Free File and how the program allows some filers to file their taxes for free.

What is Free File?

The Free File Alliance is comprised of a group of tax software companies ( in partnership with the Internal Revenue Service ) that provide free filing services for eligible filers . The Alliance reports that more than 100 million individuals use the service.

Tax filers should know that the program offers access to free tax filing software that can be used to complete their return and file their taxes. Free File is affiliated with software companies, not individual tax preparers like certified public accountants. Tax filers who use the service of a CPA won’t be provided with free services from their preferred tax professional/preparer via the Free File program.

Who Can Use Free File?

The IRS offers a page dedicated to Free File . This page lets filers explore all the software options via Free File. Each software might have different eligibility requirements related to the state where the individual files and the age of the filer, too .

All offers via Free File have eligibility requirements tied to Adjusted Gross Income (AGI). Filers must meet this income requirement to use the software free of charge. Each software program that is affiliated with Free File could have its own AGI requirement or threshold. Filers with an AGI of less than $73,000 could use Free File , although some software programs could have lower AGI thresholds.

Does Free File Let Tax Payers File State Taxes for Free?

Free File software programs allow tax filers to file their federal returns for free; again, though, filers must meet eligibility requirements. Filers might wonder if they can file state tax returns for free too.

While some software programs affiliated with Free File offer free state returns, not all of them offer free state return filings. Individuals who are researching their options via Free File will be able to easily understand if state filings are free via each software participant. The IRS page dedicated to Free File includes a note under each software program about state returns (and whether or not filing them is free). Consumers should review this information.

Do Free File Alliance Software Programs Provide E-File Services?

One of the purposes of the Free File program was to increase e-filing . The software programs that offer free filing through the program offer e-filing for tax returns. This provides a convenient and inexpensive solution to ensure tax filers can easily file their returns without dealing with mounds of paper and postage costs .

Are Tax Preparation Software Programs Difficult to Navigate?

Many consumers might rely on tax preparers to handle their returns. They might not know how to file their taxes. While Free File participating software programs provide free filing for eligible filers, are they easy to use?

Tax software programs help filers understand the steps to file their return. These programs are designed to walk filers through the process. Many filers have basic tax returns that don’t include any itemized deductions .

Filers might wonder if they can claim the Earned Income Tax Credit (EITC). On the Free File Alliance site, a Q&A explains the details related to the EITC and how filers can determine if they qualify.

What is Adjusted Gross Income?

The Free File service/program is tied to a filer’s adjusted gross income (AGI); to be eligible for Free File, filers cannot exceed specific AGI thresholds. What is AGI and how do filers determine their AGI ?

The AGI is gross income minus some adjustments that can include “…Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account.”

Do Filers Have to Use the Free File Service?

Many tax filers will be eligible to use the Free File program, but do they have to use it? No one is forced to use the free program; it’s offered to help filers save money on filing their returns. Since even basic tax return preparation can cost more than $200, this program can help reduce the financial burden associated with annual tax filing/preparation .

However, no one is forced to use the program. Some individuals might feel more comfortable using a professional tax preparer. In addition, some filers have difficult returns that could involve additional credits or deductions. Free File might not be the ideal option for every filer, even if the filer meets the eligibility requirements.

Tax Season Also Means Tax Season Scams

Not every filer will choose to use Free File, but those who need to save money might consider taking advantage of the free service if they are eligible. Tax season requires all filers to be diligent about who they choose to prepare their taxes, though. Free File is only associated with reputable software companies ; unfortunately, tax season brings out the tax scammers. Here are common tax scams to be aware of during tax season:

The ‘Your Under Arrest’ Phone Call Scam
Identity Theft (or the Rejected Return)
Preparers Who Promise a Big Refund
Ghost Preparers
Social Security Number Cancellation Phone Calls

The IRS Won’t Call and Threaten to Arrest Tax Filers

One of the most common scams during tax season involves a telephone scam. Individuals will receive a voicemail message—typically robotic—that demands payment of tax debt and threatens that the police will arrive to arrest the individual if they don’t pay up. This isn’t the IRS .

If the individual has a debt related to taxes the IRS will communicate via mail and reach out in other ways. The IRS will NOT ask for the filer to make payments via wire transfer or a gift card. In addition, the IRS notes that it allows taxpayers to appeal amounts owed and ask questions related to tax debt. Those who receive this call should not waste time worrying about the robotic voice.

Identity Theft and the Rejected Return

An individual might file their return only to have the IRS reject it as a duplicate. This is indicative of identity theft. Someone could have filed a return on behalf of the individual. If a filer is a victim, they will need to file a specific form with the IRS. More details can be found on the IRS page related to tax scams .

Big Refunds are NOT Guaranteed

Refunds are the result of an overpayment of taxes. This overpayment could be due to the individual withholding too much from the paycheck, but some credits also could help bump up a refund. However, a large refund is NOT a guarantee . Any tax preparer who promises a filer that they will receive a large refund or who advertises large refunds should be avoided. An honest tax preparer will be diligent in ensuring the return is completed accurately; these preparers also will sign the return attesting the return’s accuracy and legitimacy.

Beware of Ghost Preparers

Tax preparers who promise large refunds might operate as ‘ghost preparers.’ This means that they will not sign the return. The IRS explains that any preparer who fails to sign the return “…is a red flag that the paid preparer may be looking to make a quick profit by promising a big refund or charging fees based on the size of the refund.”

Say no to any preparer who makes promises related to refunds or claims bogus credits . Any preparer who fails to sign the return should be avoided!

The Social Security Number Has Been Cancelled

An individual’s social security number is their own unique personal identification number that’s tied to their credit , their finances and is used for tax preparation, too. This number needs to be safeguarded to prevent identity theft.

Unfortunately, a common tax season scheme involves yet another phone call that informs an individual that their social security number is being canceled. This is just a fear tactic used to exploit an individual’s vulnerability; don’t return these calls.

As Tax Day draws near, the deadline to file returns puts pressure on many who still need to send those returns. A tax professional could charge hundreds of dollars to prepare a tax return, but many Americans can file for free via Free File software programs .

Research the available programs and review the eligibility requirements to find the best software to file the annual return; for filers who want to save money on their yearly returns, Free File can provide a safe and easy filing option that reduces the financial burden of this annual responsibility.

How High are Used Car Prices Right Now?

Wed, 26 Apr 2023 23:00:22 GMT

As interest rates climb higher, shopping for a vehicle right now might lead to a sense of anxiety for buyers. Financing the purchase has become more expensive, but what about sticker prices? In the past, new and used car prices were inflated because of increased demand and a microchip shortage; buyers flocked to buy used inventory when the supply of new models was limited and this drove up the price of used vehicles.

How high are used car prices right now? According to Kelley Blue Book (KBB), used car prices dropped down to $26,510 in January 2023. Before buyers breathe a sigh of relief, they might brace themselves; KBB later reported that a price increase on used vehicles could happen in the future . There are a few reasons why this might happen, according to KBB:

Rising interest rates make new vehicles less affordable
Manufacturers are focusing on higher-end vehicles
The supply of used inventory could be lower

The Impact of Rising Interest Rates

As The Federal Reserve increases interest rates to help reduce the impact of inflation, these rate increases eventually impact consumers in the form of higher borrowing costs. Mortgage rates, auto loans, credit cards and other loans all could be impacted by higher rates. Conversely, higher interest rates could be a boon for those with savings accounts or other interest-generating financial products.

Unfortunately, consumers who are shopping for a new car might face higher rates even when their credit scores are good. Higher rates tend to impact everyone across the board, although the highest interest rates will likely impact those with lower credit scores (or those with no credit).

While some manufacturers could offer low APR promotions for certain models, these options might require a bit more research for the buyer. In addition, these promotions are only offered to ‘qualified buyers.’

Consumers who need to purchase a new or used car might need to shop around for the best interest rates, terms and lowest monthly payments. The Motley Fool reports that interest rates for a new car loan are now around 6.55 percent .

Financing a used car, though, is even more expensive. Interest rates tend to be higher for a loan used to finance a used car. Nerdwallet cites stats from Edmunds that interest rates for these loans are now more than 10 percent (on average).

Manufacturers are Focusing on Higher-End Vehicles

Another factor that could influence the price of used cars in the future is that, according to KBB, manufacturers might be focusing more on the production of higher-end vehicles. As interest rates rise, a new car could be out of reach for lower-budget buyers.

However, buyers who have more to spend could be unbothered by rising costs; these buyers also might be more likely to purchase a more expensive vehicle. To meet this demand, manufacturers are likely focusing their attention on these particular buyers.

For budget-conscious buyers, there might be fewer options for less expensive vehicles. While manufacturers are still offering economically-priced vehicles, there could be fewer buyers for them. Although the price for these models is reasonable, the interest rates on the new models will increase the cost and, thus, make them unaffordable for a segment of buyers.

Buyers Could Move to Buy Used Cars, Bumping Up Demand and the Price Tag

As buyers with less to spend on a new car feel priced out of the purchase, they could turn to the used market to find more affordable options. This possible move to the used market could crunch supply, raising demand and the prices for used inventory. While this hasn’t yet happened, it could be a possible scenario in the future.

A similar situation occurred when the market for new cars was tighter because of the chip shortage. If buyers couldn’t find a new model that they wanted or if that model was unavailable, the used market might have offered them what they wanted. As buyers purchased more used inventory, the supply dropped and the price increased.

Are Used Cars Really Less Expensive?

While the average purchase price of new models has soared up to more than $49K , Kelley Blue Book explains this is due to buyers choosing pricier vehicles. The higher interest rates have led to less affordable prices for a new car, and buyers who are shopping new might be those who can afford these higher rates.

If buyers with less money to spend feel overwhelmed about the price of a new car and the higher rates to finance them, will they find that used models are more affordable? Again, financing a used car could correlate to a higher interest rate than financing a new car.

How could a used model be more affordable than a lower-priced fuel-efficient new model? The used market tends to offer a variety of price points that allows many buyers to find something that works for their budget.

Used cars could be priced for less than $1,000, while higher-end or luxury used models could soar to six-figure price points. The price of used vehicles depends on several factors, and to find a model in their desired price range buyers might have to sacrifice one or more of these factors:

Make/Model
Mileage
Age
Condition

Luxury used vehicles could have a higher price tag, but car buyers shopping for budget-friendly vehicles could find an older or high-mileage vehicle for a low price. The condition of a vehicle also impacts its sale price.

How to Find the Best Used Car at the Right Price

When shopping on a tight budget, a used car might be the best option to keep the purchase affordable. The used car shopping process requires additional considerations and research, though. These are vehicles that have been owned and driven, and buyers need to ensure that they are purchasing a safe and reliable vehicle.

The price of a used model could be the buyer’s primary focus. Again, the price of used models can vary depending on the make/model, the number of miles on the odometer, the age of the vehicle and its condition. High-mileage vehicles might be a fine choice for a car buyer who doesn’t commute long distances, but those who need the car for a long commute might focus on lower-mileage models.

Older cars might feature fewer advanced safety systems and other modern touches. Some buyers might prefer updated features and safety enhancements. Buyers might have their own preferences related to what is a deal breaker, though.

At the dealership, buyers can inspect the car on the lot to look for any issues. In addition, they also can request to see the Carfax. This report will note the number of previous owners as well as any accidents and other details about the vehicle.

Buyers also could request a third-party inspection of the vehicle. This inspection can help the buyer understand any issues with the vehicle that could lead to expensive repairs down the road.

Financing a Used Car Isn’t the Buyer’s Only Option

Interest rates for a used car could be higher, and buyers might not want to commit to a loan with these higher rates. Instead, a buyer might save up to purchase an affordable used car with cash.

Buying a car outright also means the buyer has a firm budget and can only purchase a car they can afford on this budget. Options could be limited, but buyers won’t be saddled with monthly payment obligations or need to worry about getting approved for a loan.

Choosing to purchase a car in cash isn’t an option for all buyers, though. Some might find that they need to finance their vehicle. To find the best interest rates, buyers who need financing for their vehicle might shop around.

Private Sellers Could be an Option

Shopping for a used car at a dealership is convenient, but buyers who are purchasing their vehicle with cash also could consider buying a used model from a private seller. They might be able to find a better price or a more desirable vehicle.

When working with a private seller, always meet them in a public place and bring a friend along. Ask to see the Carfax of the vehicle, too. In addition, buyers also can request a third-party inspection.

The financial side of the transaction also should be handled somewhere safe and public. Many sellers might prefer cash, although a cashier’s check or online payment option like Venmo or PayPal also could be accepted.

Bankrate published an article focused on buying a car from a private seller ; the site offers good advice to help buyers with this transaction and discusses scams that could impact the buyer.

Are Used Car Prices Reasonable?

Used car prices have decreased, but whether this trend continues might be dependent on several factors. Again, the rising interest rates might push buyers out of a new car purchase. They could begin to shop for used models, and this demand could crunch inventory and increase used car prices.

Manufacturers also might be focusing on pricier vehicles, as those who are able to purchase a new car also have more buying power and want nicer vehicles. Fewer low-priced options also could lead to buyers moving to a used car purchase, but higher interest rates could also mean that lower-priced cars simply cost more now.

Buyers who are in the market for a new vehicle might need to shop around for a car that fits their budget and an interest rate that keeps the monthly payment affordable.

How Will Car Shopping in 2023 Look Different?

Fri, 21 Apr 2023 00:13:35 GMT

Buying a new car isn’t always a quick or simple process. Buyers need to understand their budget and their driving needs in order to find their ideal vehicle. Each year, new models hit the showrooms and buyers might have more choices than the previous year for vehicles in their price range.

Economic factors also impact the journey, though. In the past few years, demand for cars increased. A shortage of microchips lowered supply and buyers might have paid more for vehicles if they could even find the models they wanted. How will car shopping in 2023 look different? Buyers might brace for these positive and negative changes during their shopping journey :

Higher prices
Discontinued low-budget models
Lower-priced electric vehicles
More online resources
Higher interest rates

Are Sticker Prices Higher?

The price of new cars continues to escalate; according to Kelley Blue Book (KBB), the average sale price is now more than $49K . Those shopping for a new car, though, might not face the same rising sticker prices as last year.

KBB explains that car prices are now rising for a simple reason: people are choosing more expensive models . Thankfully, the site notes that low supply isn’t impacting the price at dealerships like it did the past few years.

While buyers could be moving towards pricier vehicles, this doesn’t mean that inexpensive models are unavailable. Buyers can still find economical vehicles that don’t soar into luxury price ranges; however, the selection might be more limited.

Fewer Low-Budget Models

While budget-conscious buyers can find lower-priced vehicles, the options for vehicles priced at under $20K are more limited for 2023. Currently, only three 2023 vehicle models are priced less than $20K:

Nissan Versa
Mitsubishi Mirage
Kia Rio

Nissan Versa

The 2023 Nissan Versa is currently the least expensive new vehicle on the market. The Versa starts at $15,730 and also is incredibly fuel efficient; it can get an estimated 32 MPG in the city and 40 MPG on the highway. The 2023 Nissan Versa also received a five-star safety rating from the National Highway Traffic Administration (NHTSA).

Mitsubishi Mirage

The 2023 Mitsubishi Mirage is the most fuel-efficient vehicle on the market (that isn’t a hybrid). The Mirage can get an estimated 36 MPG in the city and 43 MPG on the highway. It has a starting MSRP of $16,245.

2023 Kia Rio

The 2023 Kia Rio starts at $16,750. Like the Versa, it also offers great fuel efficiency; the Rio can get an estimated 32 MPG in the city and 41 MPG on the highway.

These Small, Fuel-Efficient and Affordable Cars Have Been Discontinued

The list of small and affordable vehicles is shrinking. In fact, two of the most affordable models on the market were discontinued after the 2022 model year.

Chevrolet discontinued the small Spark after the 2022 model year . The Chevrolet Spark was the most affordable car on the market for 2022; it was priced at only $13,600. The Spark could get an estimated 30 MPG in the city and 38 MPG on the highway.

Hyundai discontinued its budget-friendly compact Accent . The 2022 Accent was the last of the model; the 2022 Accent started at $16,645 and could get an estimated 33 MPG in the city and 41 MPG on the highway.

The Price of Electric Vehicles is Becoming More Affordable

While the list of standard cars that are less than $20K has shrunk from 2022 to 2023, buyers will find that the price of some electric vehicles is starting to become more affordable. These cars won’t be priced below $20K, but a few start at less than $30K.

While the Nissan Leaf was once the most affordable electric vehicle, Chevrolet’s Bolt EV is now more affordable than the Leaf . The 2023 Chevrolet Bolt EV has a starting MSRP of $26,500; in addition, buyers might qualify for a Federal Tax Credit which could further offset the price. The Bolt EV offers an estimated range of 259 miles.

Chevrolet also offers the 2023 Bolt EUV , which is an electric small sports utility vehicle. The Bolt EUV starts at $28,795, and, again, buyers might qualify for a tax credit to further offset this cost. The EUV has an estimated range of 247 miles.

Tesla Lowers Price on EV Models

The electric vehicle market was rocked when Tesla announced that it would lower the price of a few of its models. The electric vehicle manufacturer reduced the cost of the Model Y by 20 percent . The Model 3 also saw a price reduction.

In response, Ford nudged down the price of its Mustang Mach-E . However, according to an NPR article, GM wasn’t planning to cut the price on its Cadillac Lyriq (another Model Y competitor).

The move by Tesla to cut the prices on a few of its models could open up the market for more buyers who previously found that electric vehicles were too pricey for their budget . For those who can qualify for a federal tax credit related to the electric vehicle purchase, the overall price could be even lower.

More Online Shopping Resources for Buyers

For car shoppers who are focused on the new car search in 2023, another trend could benefit their journey. As the pandemic moved car buying online for dealerships, they had to adapt websites to accommodate for more online buying options.

While the pandemic is no longer impacting businesses in the same way that it did a few years ago, the changes that influenced haven’t abated—and, for buyers, these changes are positive. As buying moved online, businesses had to increase resources and offerings online for those shopping at home. Even the car buying process became a virtual experience.

Shopping for a new car in 2023 could offer buyers more online resources via dealership websites . Some dealership sites might include augmented reality showrooms that allow buyers the option to explore vehicle models via mobile devices. Dealerships also could offer virtual test drives that allow a car to be delivered to the buyer; in addition, buyers might be able to schedule a test drive online.

Virtual assistants or dedicated online personnel could be available to chat online with customers, too. Customers can research inventory via the dealership’s website and inquire about financing, availability or other details via an online chat portal.

Buyers Might Face Higher Interest Rates

Buyers shopping for a new car in 2023 will face yet another impactful and expensive issue that will increase the cost of their vehicle. The Federal Reserve has raised interest rates consistently in an attempt to rein in inflation.

As interest rates are increased by The Fed, consumers also might face higher rates related to auto loans . KBB reports that the average interest rate for new car loans is now more than eight percent . However, financing a used car is much more expensive; KBB reports that the average interest rate for used cars is now more than 12 percent.

An individual’s credit score impacts the interest rate, as do economic factors. In addition, some vehicle models could be eligible for special interest rate promotions; however, these deals are only available for qualified buyers.

Even those with great credit scores might face higher interest rates compared to what they would have been offered in the past. Buying a new car in 2023 might require a bit more research for buyers to find their best prices and their best loan options.

For those who find that a new car is more expensive than they anticipated, choosing a longer loan might be tempting in order to keep monthly payments lower. However, longer-term loans will lead to paying more in interest over the life of the loan.

How to Be a Savvy Car Shopper in 2023

While inventory might not be crunched at dealerships, shopping for a new car in 2023 could be a mixed bag for buyers. Again, interest rates could be higher as The Fed increases rates. In addition, fewer car models are priced less than $20K; this means that buyers who have less to spend might have fewer choices in their price range.

Dealership websites, though, could offer more resources for shoppers. Some might provide immersive tools like augmented reality showrooms or other features . Buyers might even be able to schedule a test drive from home.

To score the best prices and the best interest rates for financing, research could be a core focus for buyers. Check local dealerships to find the lowest prices or best deals on new models; buyers also could find that another brand’s model that’s similar to the one they prefer could offer a better price.

As interest rates rise, this also will increase the cost of the new car purchase. Buyers can choose to get pre-qualified for loans to help them find the best rates, terms and monthly payments for their budget. Getting pre-qualified for a loan doesn’t impact an individual’s credit; the process is designed to help buyers understand the loans for which they might qualify to help buyers better understand their options.

To shop smart in 2023 , car buyers might focus more time on research related to the purchase. Once they find the vehicles that fit their price range and the loan that works for their budget , they can visit the dealership to complete the buying process.

The Price of Electric Vehicles is Becoming More Affordable

Tesla Lowers Price on EV Models

In response, Ford nudged down the price of its Mustang Mach-E . However, according to an NPR article, GM wasn’t planning to cut the price on its Cadillac Lyriq (another Model Y competitor).

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10 Tips to Decrease Money Anxiety

Thu, 20 Apr 2023 23:48:38 GMT

Inflation could be causing consumers to rethink their finances. The price of food and other goods has soared, and some families are finding it difficult to manage these extra costs of living. Worrying about money can lead to sleepless nights, anxiety, and other issues. Unfortunately, as the price of necessary items rises, these worries might increase, too.

If financial stress is leading to tossing and turning, increased worrying, and concerns over how to make the math add up, here are 10 tips to decrease money anxiety and take control of finances even during inflationary times:

The Best Tip? Create a Budget!

When consumers are looking at their bank account and wondering why they suddenly have no money, the first step in taking control of the financial big picture and reining in worries is to create a budget . Using either a simple computer program like Excel or just a piece of ruled notebook paper, create two columns: income and expenses.

Income might be easy to calculate for those on a salary; simply add up the pay periods of each month. However, only focus on net income or take-home pay—this is the amount after taxes, healthcare, etc.

Consumers should list all their expenses, both fixed and variable. Fixed expenses are those that never change like a mortgage or rent payment or a car loan payment . Variable expenses change each month; utility bills, food, clothing, and credit card bills all might be variable expenses.

Review the last month’s bank statement to understand spending habits and pinpoint hidden expenses. List all expenses and add them up to better understand how expenses compare to income.

If income exceeds expenses, then any surplus could move into a savings account. Consumers might discover, though, that their expenses exceed their income. When this happens, budgeting can be a powerful tool.

When expenses exceed income, consumers need to investigate their spending habits. Do they earn enough money to cover basic expenses like food, utilities, etc? Is income so low that it cannot meet these basic expenses?

Individuals might find that they can pay for living expenses and their basic needs. Yet, they are still spending more than they earn. When reviewing finances, budgeting might require setting limitations on other spending. For example, individuals might find that they are spending so much money on eating out that it’s causing them to spend more than they earn. To curb this habit, they might budget a specific amount each month on restaurant expenses and not exceed this allocation.

Understand Needs Versus Wants

When budgeting, reining in financial stress can mean understanding the difference between needs versus wants. Buying items that are luxuries or ‘wants’ could drive expenses beyond what is reasonable for an individual’s budget and monthly income .

Eating at restaurants is a want. Buying a cup of coffee at a café also is a want. Entertainment costs, name-brand clothing, manicures, and streaming services also are luxury expenses. Consumers need to review their budget to understand if these expenses are worth the stress that they could be causing on their finances.

Know What to Cut

When and if expenses exceed income, consumers might focus on what they can cut to better align their finances. Every individual might have a preference on the luxuries that they prefer to cut. Some might cancel streaming services or eating at restaurants. Others might cut their clothing budget or delete that budget item completely.

Review the monthly expenses and find out which areas are the biggest financial drains (and aren’t necessary expenses). Start cutting the expenses that are unnecessary to create a bit more financial slack in the budget.

Some consumers might find that they are only paying for necessary expenses and they are still struggling. Individuals might need to earn more money to break even; they might consider taking on a weekend job or perhaps investigating other job opportunities that earn more money.

To increase income, a side gig like driving for Uber could be an option. However, these jobs might require additional insurance or other costs.

Shop Smart

When the budget is crunched, how an individual shop can impact how much they spend at the register. For example, shopping hungry can lead to impulse purchases. Shopping without a list also can lead to spending more money, but it also can cause consumers to forget to purchase necessary items.

Before going to the store, make a list of every item that is needed. Don’t forget to clip coupons, too. There are apps that consumers can download that offer access to coupons for various products.

In addition, consumers also can consider buying private-label or generic items to increase savings. Some of these products are named brands that are offered under a store’s label.

Not sure how to create a grocery list? Evernote offers a tutorial in grocery planning.

Put off Big Purchases

Tax season could lead to a hefty refund. Consumers might consider buying a new television or making a down payment on a new car. When an individual has extra cash, it can be tempting to make a big purchase.

However, if money is tight during the rest of the year, consider putting off a big purchase and allocating the tax refund or other windfall to pad the budget and possibly save for a rainy day. As interest rates are now higher, big ticket items that require financing (like a new car) could be more expensive per month because of higher rates.

Tackle High-Interest Debt

When the Federal Reserve raises rates, this hike often reverberates to consumers in the form of higher rates for loans and credit cards, too. If finances are causing stress, review the cost of high-interest debt. If possible, tackle this debt first; focusing on paying down high-interest debt is called the “debt avalanche method.”

Debt with higher interest rates is more expensive for consumers to carry month to month. For example, every purchase on credit cards is subject to potential higher interest rates if the balance isn’t paid in full. It could take years to pay off these debts if the consumer only makes monthly payments; over time, those small purchases that were paid via credit card take on a much more expensive price tag.

Save a Little

Saving money doesn’t have to be an overwhelming endeavor. Even saving $5 to $10 per month can help consumers build a nest egg.

Save what is feasible. Even pocket change can be added to a jar to begin a savings plan. Consumers don’t need to set lofty savings goals, but they should try to set a savings goal as part of their budget.

Be Proactive, Not Reactive

Take control of finances now so that those finances don’t spiral out of control later. Being proactive with finances means that consumers set a budget to analyze expenses and cut expenses that are a drain to the bottom line.

Refinancing a high-interest loan also could be a proactive financial move. If an individual’s credit score has improved, refinancing a high-interest loan could help the individual pay less per month (thanks to a lower interest rate) and/or structure the loan to pay off the loan in less time.

Buy What is Affordable

Buy Now Pay Later options are appealing and oh-so enticing. Maybe an individual can’t afford to spend $500 on a new handbag, but they can spend $50 per month via a payment plan.

When it comes to luxury expenses and ‘wants,’ buy what is affordable. This doesn’t mean that consumers should divide up that purchase into multiple payments; instead, consumers need to consider if they can pay for that item outright right now.

If they cannot afford to buy the item or if purchasing the item would seriously impact their finances, then they might ask themselves if they really need it. Taking on monthly debt for a purchase that isn’t a necessity could set up an individual for more financial stress.

Pay with Cash

Swiping a debit or credit card to make a payment is simple and much less of a hassle than dealing with cash. However, using a card as a form of payment also could lead to spending more or buying more than the individual intended.

Paying with cash requires consumers to be more mindful of what they are buying and how much they are spending. The cash serves as the budget's bottom line. Using cash as the primary form of payment could force individuals to only buy what is on their list and what they can afford.

If the food budget is $200 per week, then bring only $200 to the store. Create an itemized list and focus only on that list.

Finding Help When Financially Overwhelmed

As inflation takes its toll on the buying power of consumers, the result could be higher stress levels related to making income stretch further. For some consumers, there is nothing that can be comfortably cut from their budget to free up more income.

Those who have taken steps to budget, analyze their expenses and cut costs might still feel overwhelmed. If finances are causing sleepless nights, it could be time to consult a professional who can provide financial advice. Individuals can research local non-profit organizations or other groups who can help them with credit counseling and offer financial guidance. Help is available, and consumers might just need to reach out.

Tackle High-Interest Debt

Save a Little

Saving money doesn’t have to be an overwhelming endeavor. Even saving $5 to $10 per month can help consumers build a nest egg.

Be Proactive, Not Reactive

Buy What is Affordable

Buy Now Pay Later options are appealing and oh-so enticing. Maybe an individual can’t afford to spend $500 on a new handbag, but they can spend $50 per month via a payment plan.

Pay with Cash

If the food budget is $200 per week, then bring only $200 to the store. Create an itemized list and focus only on that list.

Finding Help When Financially Overwhelmed

Tips From Companies That Pay Off Title Loans

Thu, 20 Apr 2023 18:06:32 GMT

No one ever plans on being short on cash, but unfortunately, unexpected events such as car accidents, medical emergencies, and home repairs can throw a wrench in anyone’s financial plans. Many people who need fast cash rely on title loans to make ends meet.

Title loans are not like traditional personal loans. A title loan is secured by collateral in the form of the title to the borrower’s vehicle. If you are approved for a title loan , the lender will either hold onto your title or put a lien on it until your debt has been repaid. In the meantime, you can continue to drive your vehicle like you usually would so long as you make payments in accordance with your loan agreement.

Taking out a title loan might be the best way for you to get the fast cash you need. But before you take out a title loan, it’s important to put a plan in place for paying it off. Follow these tips from companies that pay off title loans :

Why Should You Pay Off Your Title Loan Early?

Before you see tips from companies that pay off title loans, it’s important to understand why paying off a title loan early is important .

If you take out any type of loan, you may have to repay the money you borrow. You will most likely also need to pay interest, which is the price you pay the lender for borrowing their money. Unless you obtain an interest-only loan, part of every payment you make will go toward the principal, the amount you initially borrowed. But another part of your payment will go toward interest costs.

In other words, every time you make a payment, you are paying interest to the lender. This means the earlier you pay off your loan, the less you will pay in interest. Paying off your loan early could drastically reduce interest costs and save you significant money.

Will You Be Penalized for Paying Off Your Title Loan Early?

Paying off your loans earlier than expected is a smart financial decision. But unfortunately, some lenders penalize borrowers for paying their loans off early.

If you are planning on taking out a title loan , make sure you choose a lender that does not charge prepayment penalties. A prepayment penalty is a fee that the lender charges the borrower for paying off their loan before the loan term expires.

To avoid incurring this additional fee, make sure you read the fine print of any loan agreement you sign to ensure it does not include a prepayment penalty.

How to Pay Off Title Loans Fast

There are many things you can do to pay off your title loan faster. Follow these tips when planning how you can pay off your debt as quickly as possible:

Get organized. The first thing you should do is get your finances organized. It’s important to know how much you owe and to whom you owe it. You should also know how much you earn every month so you can plan the best way to spend your money. Dig into your finances now so you are ready to take on new debt.
Round up your payments. One way to pay off your title loan faster is to round up each payment you make. For example, say the minimum payment is $54. Instead of paying $54, round your payment up to $60. It’s only an extra $6, so it won’t eat into your budget, but it will slowly help you pay off your loan early.
Make extra payments. Don’t wait until the due date to make a payment on your loan. Instead, try to make one extra payment every pay period. Even if the extra payment is small, it may make a dent in your debt so you can pay off your loan as quickly as possible.
Use unexpected income. If you earn any unexpected money, no matter how small the amount, put it toward paying off your debt. For example, say someone buys you a lottery ticket and you win $5. Instead of pocketing the $5, put it toward your debt.
Shorten your loan term. If you want to reduce interest costs, you might want to talk to your lender about shortening your loan term. The shorter your loan term, the less you will pay in interest. However, shortening your loan term could increase your monthly payments, so keep that in mind when determining if this is a good option for you.
Track your progress. It’s crucial to track your progress toward paying off your debts as you go. This way, you will be able to see how far you’ve come since you started, which should give you the motivation you need to continue working toward your goals. Keep track of how much you owe and the payments you make on your phone or in an Excel spreadsheet.
Cut back on expenses. Analyze what you spend your money on every month so you can look for opportunities to save. For example, if you frequently go out to eat on your lunch break, consider bringing your lunch to work instead. Making this simple switch could save you hundreds of dollars per month, which you can put toward paying off your debt.
Cancel subscriptions. You may be paying for subscription services that you no longer want or need. Review your finances to identify the services you are subscribed to. If you aren’t using something anymore, or if you can live without it, pause or cancel your membership until your debt has been paid off.

These are some of the many strategies you can implement to pay off your title loan quickly and save money on interest.

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What Do You Need to Get Auto Title Loans Online?

Thu, 20 Apr 2023 00:13:43 GMT

If you need cash in a hurry, you may want to consider applying for an auto title loan. An auto title loan, often referred to simply as a title loan, is a type of secured loan that allows borrowers to get cash by using the title to their vehicle as collateral.

You won’t need to sacrifice your car to borrow cash through an auto title loan. If you are approved, you can keep driving your vehicle while you repay your loan . In the meantime, the lender will either hold onto your title or put a lien on it.

The easy application process is one of the best parts about getting an auto title loan. You won’t need to jump through hoops to get the cash you need with a title loan. In fact, the entire application process can be completed online. Here’s what you need to get auto title loans online :

How to Prepare for Applying for Auto Title Loans Online

Applying for an auto title loan online is easy, but there are a number of steps you can take to make the process even easier. Here’s what you can do to prepare before you submit your online title loan application :

Get a co-signer, if necessary . You don’t need perfect credit to qualify for a title loan, which is why It’s easier to qualify for a title loan than it is to qualify for a traditional personal loan. However, if you don’t qualify on your own, you may want to consider adding a co-signer to your application. Find someone who has good credit and is willing to take on the responsibilities of being a co-signer.
Write down your vehicle’s information . Because your vehicle is used as collateral, it plays a big role in the title loan application process. Be prepared to provide some information on your vehicle, including its make, model, year, and mileage.
Gather the required documentation . If you’re about to submit an online title loan application, it may be helpful to gather the required documentation in advance. This way, you will have everything you need to quickly complete your submission and collect your cash.

What Will You Need to Submit When Applying for Auto Title Loans Online?

The title loan company will ask you to submit a number of documents when you apply for a title loan online. The required documentation may vary depending on the lender, but in general, be prepared to submit:

Your Vehicle’s Title
Driver’s License
Proof of Income
Proof of Residence
Proof of Auto Insurance

Your Vehicle’s Title

You will need to submit the title to your vehicle when you apply for an auto title loan online. The title must have your name on it , which indicates that you are the legal owner of the vehicle. You cannot use a title as collateral if it does not have your name on it. However, you can use a title if it has more than one name on it, as long as your name is one of the names listed.

Don’t throw in the towel if you can’t find the title to your vehicle. Let your lender know about your situation as soon as possible. They can walk you through the steps of obtaining another copy of your title so you can complete your title loan application.

It’s important to note that salvage titles cannot be used as collateral for title loans . If your vehicle has a salvage title, this means that it has suffered significant damage at some point. Having a history of significant damage makes it very difficult for a title loan company to estimate a vehicle’s value, which is why these titles aren’t accepted as collateral.

Driver’s License

Your title loan company will ask you to submit some form of identification such as your driver’s license. If you don’t have a driver’s license, the title loan company may accept other forms of proof of identification. Talk to your lender to find out what documents you can submit to meet this requirement.

How to Get Auto Title Loans Online

Now you should have the information you need to prepare for your online auto title loan application. If you’re ready to get fast cash, follow these steps to apply for auto title loans online from 1(800)CAR-TITLE®:

Contact our loan specialists . The first step is getting in touch with our team of loan specialists. To do this, you can either submit your information using the form on our website or call us directly at 1-800-227-8485. If you submit an online form, someone from our team will reach out to you as soon as possible.
Request a free loan estimate . You can find out how much you are approved to borrow in a matter of minutes by requesting a free loan estimate. To prepare this estimate, your loan specialist will need to know more about your vehicle, including its make, model, year, mileage, and condition.
Submit the required documentation . If you are happy with the terms of your loan estimate, complete your title loan application by submitting the required documentation. You will also need to sign a number of documents to complete this step of the process.
Get your cash . Once you are approved, you can collect your cash in person at one of our locations. You also have the option of getting your cash sent to you via check or wire transfer.

Getting fast cash has never been easier. Start the process of applying for auto title loans online now .

Can I Get A Car Loan Using My Car As Collateral?

Wed, 19 Apr 2023 23:39:40 GMT

Many people who need fast cash have trouble getting approved for a traditional personal loan. If you’re in this situation, you may feel as if you’re out of options, but that’s not the case. There are other options available, including secured loans, which are loans that are supported by collateral .

Collateral is an asset that a lender can use to secure a loan. Lenders may accept many different types of assets as collateral. Since your vehicle is probably one of the most valuable assets you own, you may be wondering, “ Can I get a car loan using my car as collateral ?” Yes. In fact, this is how many borrowers get the cash they need to make ends meet. Here’s what you need to know about car title loans:

How Do Car Title Loans Work?

A car title loan, which is also known as a title loan, is a secured loan supported by the title to the borrower’s vehicle. In other words, you must use the title to your vehicle as collateral to take out a title loan . Lenders allow borrowers to use the titles to cars, trucks, or SUVs as collateral for title loans. Some lenders also accept the titles to RVs or motorcycles as collateral.

What Happens to My Car When I Take Out A Title Loan?

Some people think that they will need to give up their vehicle in order to borrow money with a title loan, but that’s not how it works. Your vehicle is used as collateral, but that doesn’t mean you need to give your vehicle to the lender. Instead, your lender will put a lien on the title to your vehicle. You can continue to drive your vehicle as you normally would while you repay your loan . Once the loan has been paid in full, the lender will remove the lien from your title.

Nothing will happen to your car as long as you comply with the terms of the agreement, which means making on-time, consistent payments. If you fail to make payments, your lender has the right to take possession of your vehicle to satisfy your debt.

Am I Eligible for A Title Loan?

You may be eligible for a title loan if you meet these conditions:

● You are at least 18 years old.

● You own or partially own a vehicle, which means your name is on the title.

● Your vehicle does not have a salvage title.

● You will consent to a credit check.

● You have auto insurance covering the vehicle you want to use as collateral.

● You have a steady source of income.

● You have equity in your vehicle.

If you meet these conditions, you may want to consider applying for a title loan. During the application process, be prepared to submit certain documents to your lender, including :

● Your driver’s license or another type of ID

● The title to your vehicle

● Pay stubs, tax documents, bank statements, or another accepted form of proof of income

● Proof of insurance

You will also need to give the lender permission to inspect your vehicle so they can calculate its value.

How Much Can I Get with a Title Loan for My Car?

Title lenders can typically lend up to $50,000 per title loan . However, the amount you can borrow will vary depending on several factors, including:

● Where you live

● Your income

● How much your vehicle is worth

● Your equity

Some states have laws that establish minimum and maximum amounts for title loans . If you live in one of these states, these laws could impact how much you are able to borrow.

Your income will also play a role in calculating how much you can borrow. Your lender will likely need to see proof of income to determine how much you are capable of repaying.

Because your vehicle is used as collateral , it’s value plays a major role in determining how much you can borrow . Your lender calculates the resale value of your vehicle by evaluating its make, model, year, mileage, condition, and trim level . If you aren’t sure how much your vehicle is worth, contact your lender to find out. It only takes a few minutes to get a quote.

After determining your car’s resale value, your lender will need to calculate your equity in the vehicle. The term “equity” refers to the value of your share of ownership in the vehicle . To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value.

You cannot borrow more than the value of your vehicle and you must have equity in the vehicle . If you don’t have equity in your vehicle, you cannot use your car as collateral.

Does A Car Title Loan Affect Your Credit?

Most title lenders report to the three major credit bureaus, which are TransUnion, Equifax, and Experian. This means taking out a title loan will impact your credit.

Your lender may report your new loan to the credit bureaus, so your title loan will show up on your credit report. Taking out a new loan, regardless of the type of loan, can negatively impact your credit score. This is because you are taking on more debt, which affects your creditworthiness.

Your lender will also report your payment information, specifically whether your payments were on-time. Payment history is an important factor in calculating your credit score. It accounts for about 35% of your overall credit score. If you make consistent, on-time payments on your title loan, this could improve your credit score over time . But the opposite is also true. Failing to make consistent, on-time payments on your title loan could hurt your credit score.

Taking out a title loan could also add to your credit mix, which refers to the diversity of your credit accounts. If taking out a title loan makes your credit mix more diverse, this could have a positive impact on your credit score.

What Are the Benefits of Car Title Loans?

Title loans offer borrowers a number of benefits, including:

● Fast processing times . You won’t have to wait weeks to find out if you are approved for a title loan. Title loans are usually processed much faster than other loans, so you can quickly get the cash you need.

● Easy to apply . Don’t expect to fill out dozens of pages of paperwork when applying for a title loan. The application process is simple and straightforward.

● Keep your car . You don’t need to hand over the keys to your vehicle in exchange for cash when you take out a title loan. You can keep driving your car while you make on-time payments on your loan.

● Alternative to a traditional personal loan . There are different eligibility requirements for title loans and traditional personal loans. This means you could still get approved for a title loan even if you have not been approved for a traditional personal loan.

How Can I Apply for A Car Title Loan?

It’s not hard to use your car as collateral to get a car title loan. If you’re ready to apply for fast cash, here’s how to apply for a title loan with 1(800)Car-Title®:

Get in touch with a loan officer by calling 1-800-227-8485 today . You can also submit your information using the form on our website. If you choose this option, a loan officer will contact you as soon as possible.
Get a free quote . First, provide your loan officer with some basic information, including your vehicle’s make, model, year, and mileage. After collecting this information, your loan officer will tell you if you may qualify and if so, how much you can borrow.
Submit documentation . If you are happy with the terms of your qualification, you will need to work with your loan officer to finalize your loan. Your loan officer will explain what documents you need to sign and submit to complete this step.
Secure your cash . If approved, your lender will allow you to collect your loan proceeds in cash shortly after being approved for a title loan and filling out all necessary paperwork. You can either pick up your loan proceeds in cash either in person or you may ask your lender to send it to you directly via check or wire transfer.

Begin your application today to get the cash you need as soon as possible.

Do You Need Credit for A Title Loan?

Wed, 19 Apr 2023 21:51:09 GMT

If you’re in need of fast cash, borrowing money with a title loan might be the solution. A title loan is a type of secured loan that allows you to borrow money by using the title to your vehicle as collateral .

You won’t need to give up your vehicle to borrow money through a title loan. You can continue to drive your vehicle so long as you make payments on time for your loan, but the lender will put a lien on your title until your loan has been paid in full. Title loan applications can typically be processed quickly, which is why they’re a great option for borrowers in need of fast cash .

If you’re considering applying for a title loan, you may be wondering whether your credit will impact your eligibility. Do you need credit for a title loan? Here’s what you should know:

Do You Need A Credit Check to Get A Title Loan?

It’s common for lenders to check your credit when determining whether or not you are eligible for a loan . This applies to all types of loans, including title loans. If you apply for a title loan, you will most likely be asked to consent to a credit check .

Performing a credit check allows your potential lender to see how you have managed debts in the past so they can determine what type of borrower you will be. Some of the many factors your lender will look at when performing a credit check include:

● Late or missed payments

● Credit usage

● Credit limits

● Open accounts

● Closed accounts

● Recent credit inquiries

● Bankruptcies

● Overall credit score

This doesn’t necessarily mean you can’t get a title loan if you have a late payment or high credit usage on your credit report . No potential lender expects you to have a perfect credit report .

If you want to see what your potential lender will find during a credit check, consider pulling your own credit report prior to applying for a title loan . You are entitled to one free copy of your credit report every year from each of the three major credit reporting bureaus.

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Can I Get A Title Loan If I Still Owe on The Car?

Wed, 19 Apr 2023 21:15:52 GMT

Many people take out auto loans to purchase new or used vehicles. In fact, auto loan debt grew to a record high of nearly $1.4 trillion in the U.S. last year.

The average auto loan term is 70 months for a new car and 65 months for a used car. A lot can happen over these 65 to 70 months. Your financial situation could change drastically. At some point, you may need extra cash to cover home repairs, medical bills, or other unexpected expenses .

Many people who need fast cash take out title loans, but if you are still making payments on your auto loan, you may wonder whether you are even eligible for this type of loan. Can you get a title loan if you still owe on the car ? Here’s what you need to know:

Title Loans vs. Auto Loans: What’s the Difference?

First, it’s important to understand the difference between title loans and auto loans. An auto loan is money you can use to purchase a new or used vehicle . The vehicle you purchase with the money you borrow is used as collateral for the loan . This means the lender will put a lien on the title to your vehicle until your loan has been completely repaid. You can take out an auto loan from a bank, credit union, automotive dealer, or online lender.

The title to your vehicle is used as collateral for a title loan, too. However, the money you borrow through a title loan is not necessarily used to purchase a new vehicle. A title loan is a type of personal installment loan , which means the money can be spent in any way you see fit so long as it is for legal purposes.

Title loans are generally only available through title lenders. Just like an auto loan lender, a title loan lender will put a lien on the title to your vehicle until your loan has been repaid.

In short, if you need money to purchase a new or used vehicle, you should apply for an auto loan. However, if you need to borrow money for your personal use, a title loan might be the solution.

What Are the Eligibility Requirements for Title Loans?

There are a number of requirements you must generally meet in order to qualify for a title loan . Some of these requirements include:

● You must be at least 18 years old.

● You must own a car, truck, SUV, RV, or motorcycle.

● You must have equity in your vehicle.

● You must have an auto insurance policy covering your vehicle.

● You must consent to a credit check.

● You must have a reliable source of income.

Every lender may have different requirements, so it’s best to contact your title lender directly to find out if you are eligible.

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15 Financial Tips to Help the Budget Balance

Wed, 19 Apr 2023 20:43:45 GMT

When the end of the month draws near and bills are due, consumers might realize they have very little or perhaps nothing left over for food and other necessities. Unfortunately, many households find it difficult to make ends meet; CNBC reported that 63 percent of Americans subsist from one pay period to the next.

Making each paycheck stretch might be crucial, and even then it might seem as though debts and expenses exceed income. For those living from one pay period to the next, here are 15 financial tips to help the budget balance and maximize each dollar :

Assess all expenses.
Cut costs that are luxuries.
Create a realistic budget.
Shop sales.
Use credit cards for emergencies only.
Consider refinancing high-interest debt.
Don’t fall for payment plans.
Always make a shopping list.
Use the power of technology.
Schedule payments.
Evaluate wasteful habits.
Consider the ‘debt avalanche’ approach.
Pay with cash.
Be mindful of the bank account.
Save just a little.

Evaluate All Monthly Expenses

If the end of the month (and bill due dates) draws near and there isn’t enough money left after those bills are paid, it’s time to assess expenses. To understand why money is low, consumers might need to figure out how they are spending their money throughout the month.

Use the last month’s bank statement to review all expenses . Consumers might be able to identify problematic spending patterns like making multiple trips to the store or paying for unnecessary ‘wants’ like fast food, movies, streaming services or beauty services. Evaluating expenses can help consumers identify areas of concern or find bad spending habits that they could correct.

However, some months might have an income shortfall because of an emergency expense like a doctor’s appointment, car maintenance, etc.

Cut Costs that are Luxuries

When consumers review their monthly expenses, they might discover that they are wasting a lot of money on items they don’t actually need. Luxury spending can break the budget. While a coffee at a café might only cost $3, if consumers are buying a cup every day or even once a week, those trips all add up.

In addition, the bank statement might reveal that there were several high-end purchases that were unnecessary. Some individuals subscribe to many different streaming services. Others love to buy the best brands or the latest fashions.

While these luxuries can add joy to life, they also could cause unnecessary financial stress if the individual cannot afford them . Luxuries should not crimp the food budget or make it more difficult to pay the rent, car payments or other necessary bills.

Review expenses and find items that splurges can be deleted in the future.

Create a Realistic Budget

Once unnecessary expenses have been identified, and individuals understand where their money has disappeared, it’s time to sit down and create a realistic monthly budget . In one column, include monthly income; use the take-home pay amount from salary or weekly hours (take-home pay is what’s left after taxes and other deductions). In a separate column, list out every monthly expense (fixed and variable). Include food, fuel, housing, insurance, utilities and everything debt, too (like credit cards).

Now compare the income to the expenses . Is there anything left? Ideally, individuals should have already identified expenses that could be cut from the budget.

Creating a budget that can be followed in the future requires individuals to know the exact amount of fixed expenses and to plan out estimates for variable expenses. Estimates should be liberal, as it’s better to overestimate than underestimate these costs. Stick to these estimates to guide spending habits. Each week, review the bank account and review what has already been paid or spent related to variable expenses and keep track of these habits.

Shop Sales

How can individuals save money on variable expenses like food, clothes and other necessary items? Shop for sales or clip coupons! In addition, choosing private-label (or generic) brands can help save money . Sometimes these private brands are actually name brands.

In the past, families used to clip coupons from ads in newspapers. Now there are apps and websites that offer printable coupons. Explore these resources to find valuable savings that can help consumers lower their spending at the store.

Use Credit Cards for Emergencies Only

Monthly payments on credit cards are another avoidable expense. Ideally, credit cards should be used only for emergency expenses or for small expenses that can be paid in full at the end of each month.

If consumers accrue a balance on their card, they are assessed interest on this balance if it isn’t paid in full. Interest rates can vary per card, and some rates can be quite high. Consumers who accrue a large balance could find that they are spending hundreds of dollars each month just on a monthly minimum payment for their card; paying only the minimum could take consumers years to pay the balance in full.

Reevaluate credit card use. Work on paying down balances and choose to only use cards for small expenses that can be paid in full.

Consider Refinancing High-Interest Debt

If an individual had a low credit score when applying for an auto loan or even a mortgage, they might have a higher interest rate. The economic conditions of the market also influence interest rates.

Consider refinancing loans and debts with a higher interest rate to possibly lower the monthly payment or even help pay off the loan balance sooner. In addition, a credit card balance might be transferable to a card with a lower interest rate; just be sure to read all the terms carefully as some low-interest rates for credit cards might only be offered during a promotional period.

Don’t Fall for Payment Plans

While choosing a payment plan to purchase a more expensive item can make the item more affordable, the consumer is stuck with this monthly debt until the item is paid in full. Before choosing to pay in installments, consumers might consider if they really need to purchase the item in the first place.

Luxury purchases might lead to more monthly debt if the individual chooses these installment plans. Instead of making payments, think about if the item is affordable with just one payment. If this doesn’t fit comfortably into the budget, then perhaps it’s not such a necessary expense.

Always Make a Shopping List

Grocery stores and big box retailers can make it tempting and all too easy to pick up an extra item or more on impulse. Items are placed strategically at checkout lanes to perpetuate the impulse buy. In addition, consumers may need to walk across the store to find an item that they need; this simple walk could lead to grabbing a few more items.

Rein in the impulsivity of the purchase by making a list. When grocery shopping, audit the cupboards, pantry, refrigerator and freezer to understand what is needed for the week. Individuals also could consider making a weekly menu to better assess what ingredients they need.

When visiting retailers for clothes or other items, a list also can be helpful. When consumers make a list, this helps them be more mindful of their spending and focus on what they actually need instead of what they might want.

Use the Power of Technology

Monthly expenses also can be managed with the help of technology. Apps can be used to help consumers find the cheapest prices on gas, hunt for coupons, and more. There are even apps to help create a budget !

While many consumers focus on saving money at the store, utility bills also can make a dent on the budget—especially the costs associated with heating and cooling the home. Tech can help manage utility costs, too. Smart thermostats can be controlled via an app; these thermostats also enable homeowners to set programs for maximized energy efficiency.

Schedule Payments

Making a late payment on a monthly bill typically results in additional fees that increase the cost. Most banks and credit unions offer bill payment systems that can be used to schedule payments so that bills are never paid late. In addition, some companies allow customers to enroll in an auto bill pay option; a credit card or bank account is connected to the bill and this payment method is charged automatically.

Evaluate Wasteful Habits

Everyone has bad habits that can add to monthly expenses. Leaving the lights on, taking a long hot shower that results in higher energy bills or even a bad habit of eating dinner at restaurants frequently can kill the budget.

Identify the bad habits that could be causing money to be tight at the end of the month. Now vow to make changes to help improve the financial bottom line!

Consider the ‘Debt Avalanche’ Approach

The Debt Avalanche payment approach denotes paying down high-interest debt first . Prioritizing this type of debt can help consumers reduce the amount of interest they pay. However, some individuals prefer to utilize the debt snowball approach, which tackles paying the lowest debts first.

There are benefits to both debt payment methods, and both can help free up some money in the budget. However, high-interest debt can result in more expensive monthly payments for consumers; working to pay off these debts could lead to freeing up even more cash in the future.

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What Do You Need for a Title Loan?

Wed, 19 Apr 2023 20:13:45 GMT

If you’re short on cash, a traditional personal loan isn’t your only option. Many people in this situation rely on title loans instead. Title loans are secured loans, which means they are backed by collateral.

To obtain a title loan, you must use the title to your vehicle as collateral. Putting up the title to your vehicle as collateral won’t impact your day-to-day life, though. You can still drive your car while you make payments on your loan. In the meantime, the lender will put a lien on your title or hold onto it until your loan has been paid off.

Title loans are usually processed faster than traditional personal loans, which is why they’re ideal for people who need fast cash. It may also be easier to qualify for a title loan than it is to qualify for a traditional personal loan so long as you have the ability to repay your loan.

If you’ve never taken out a title loan before, you may be wondering what to expect during the application process. What do you need for a title loan ? Are you eligible? Here’s what you should know:

Who is Eligible for a Title Loan?

The eligibility requirements for a title loan are not the same as the eligibility requirements for a traditional personal loan. You may be eligible for a title loan if you meet the following conditions:

You are at least 18 years old.
You own or partially own a vehicle.
You have equity in your vehicle.
You have a reliable source of income.
You are willing to consent to a credit check.

Eligibility requirements may vary depending on the title loan company. Check with your lender to find out if you are eligible based on their current requirements.

What Documents Will You Need to Apply for a Title Loan?

During the application process, the title loan company will ask you to submit a number of documents. The documents you are required to submit may vary depending on your lender. But in general, be prepared to provide:

The Title to Your Vehicle
Proof of Income
Proof of Residence
Proof of Auto Insurance

The Title to Your Vehicle

Your title is used as collateral to secure your title loan, so it’s one of the most important documents involved in the entire process. You will need to submit your title to your lender when you apply for a title loan.

If you can’t find your title, let your lender know right away. They can guide you through the process of obtaining another copy from the Department of Motor Vehicles (DMV) so you can complete your application.

The title you submit to your lender must have your name on it. Your name does not need to be the only name on the title, though.

It’s important to note you cannot use a salvage title as collateral to secure a title loan. A salvage title is given to vehicles that may have suffered extensive damage and been declared a “total loss” by an insurance company. It’s very difficult to estimate the value of a vehicle with a salvage title, which is why title loan companies will not accept them as collateral.

Proof of Income

The title loan company will also ask you to submit proof of income so they can confirm that you have a reliable source of income you can use to pay off your loan.

Proof of income can come in many different forms. Some examples of acceptable forms of proof of income may include recent tax returns, pay stubs, or bank statements showing deposits.

Make sure you ask your lender what forms of proof of income they accept so you know what documents you should prepare to submit when applying for a title loan.

Proof of Residence

You should also be prepared to submit proof of residence to your lender when applying for a title loan . If you have a driver’s license, you can submit a copy of it to the title loan company to satisfy this documentation requirement.

If you don’t have a driver’s license, there are other documents you can submit to prove your residence. Some examples of these documents include your lease agreement, most recent mortgage statement, or utility bills.

The documents you submit as your proof of residence must show your name and current address. For example, if your utility bill only shows your roommate’s name, you cannot use this document to prove your residence.

Proof of Auto Insurance

Because your vehicle is used as collateral to secure your title loan, your lender will want to make sure it’s covered by auto insurance. For this reason, your lender will ask you to submit proof of auto insurance when you apply for a title loan.

For example, you may be asked to submit your most recent insurance statement showing the coverage dates along with the description of the vehicle that is covered under the policy.

Can You Get a Title Loan Without Bringing In Your Car?

Your vehicle is used as collateral for your title loan, so your lender will need to know how much it is worth before determining if you are eligible for a title loan and if so, how much you can borrow. To calculate your vehicle’s resale value, your lender will need to inspect it at some point during the application process.

Your lender may ask you to bring your vehicle in for an in-person inspection. However, some lenders make the process more convenient by sending someone to your home or workplace to inspect your vehicle at a time that works for you.

There are also lenders that may allow you to submit photographs of your vehicle instead of getting it inspected. If you are given this option, make sure you understand what areas of the vehicle need to be photographed.

Talk to your lender to learn more about their valuation process. This way, you will know what to expect when it’s time for your title loan company to calculate the value of your vehicle.

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What to Know About Title Loans

Wed, 19 Apr 2023 19:56:20 GMT

If you’re short on cash, you may be thinking about taking out a loan to make ends meet. A traditional personal loan is probably the first thing that comes to mind, but it’s not necessarily the best option.

Traditional personal loans can take a long time to process, which means you may need to wait over a week to get the money you need. If you need fast cash, you may not be able to afford to wait this long. There are also strict eligibility requirements you must meet in order to qualify for a traditional personal loan. If you don’t have a good credit score, for example, you may not be eligible.

If you’re looking for ways to get the fast cash you need, it’s important to explore alternatives to traditional personal loans, including title loans. Here’s what to know about title loans :

How Do Title Loans Work?

Title loans are not the same as traditional personal loans. Title loans are secured loans, which means they are supported by collateral. To borrow money from a title loan, you must be willing to use the title to your vehicle as collateral.

Your lender won’t take possession of your vehicle simply because you are using it as collateral. You can continue to drive your car as you normally would while you make payments. However, the title loan company will either hold onto the title or put a lien on it until the loan has been completely paid off.

You will only lose possession of your vehicle if you fail to repay your loan. In the event this occurs, the title loan company has the right to take possession of your vehicle to satisfy your debt.

Who Can Get a Title Loan?

The first thing you may want to know is whether you qualify for a title loan. You may be eligible for a title loan if you meet these conditions:

You are at least 18 years old.
You own or share ownership of a vehicle.
You are willing to consent to a credit check.
You have equity in your vehicle.
You have a reliable source of income.

Eligibility requirements may vary depending on the title loan company . It’s best to contact your lender to learn more about their eligibility requirements and find out if you qualify.

What Will You Need to Apply for a Title Loan?

Every time you apply for a loan, the lender will ask you to submit certain documentation during the application process. If you are planning on applying for a title loan, be prepared to provide:

Your driver’s license or another type of government-issued ID
The title to your vehicle
Proof of income (examples include recent pay stubs, bank statements, or tax returns)
Proof of residence (examples include your driver’s license, a recent utility bill, or a lease agreement)
Proof of auto insurance

If you can’t find the title to your vehicle, it’s important to let your lender know right away. They can help you obtain another copy from your state’s Department of Motor Vehicles (DMV) so you can finish your application as soon as possible.

How Much Can You Borrow Through Title Loans?

You might be wondering how much you will be able to borrow if you are approved for a title loan. The answer to this question will depend on several factors, including:

Your income: The title loan company will need to evaluate your income to determine how much you can afford to repay. This evaluation will impact how much you are approved to borrow.
Your vehicle’s value: Your vehicle is used as collateral, so the lender must know how much it is worth before deciding how much you can borrow. Your lender will calculate your vehicle’s resale value based on its make, model, year, mileage, condition, and trim level. You cannot borrow more than your vehicle is worth.
Your equity: You cannot borrow more than the value of your equity. To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value.

In general, the title loan company may allow you to borrow anywhere from $2,000 to $50,000 per loan.

Do Title Loans Affect Your Credit Score?

Taking out any type of loan, including a title loan, will cause your credit score to take a slight dip. However, this is usually temporary.

In the long run, a title loan could improve your credit score. Your title loan company may report your payment information to the credit bureaus. Payment history has a major impact on your credit–in fact, it accounts for about 35% of your overall credit score .

If you consistently make on-time payments, your credit score will improve over the course of your loan. On the other hand, if you make late payments or miss payments altogether, this will hurt your credit score.

To protect your credit score, make sure you never miss or make a late payment. It’s also important to never borrow more than you can afford to repay.

What Are the Advantages of Title Loans?

There are a number of benefits to taking out a title loan , including:

Fast processing times. Title loans are ideal for people who need cash in a hurry due to their fast processing times.
Easier to qualify. It’s much easier to qualify for a title loan than it is to qualify for a traditional personal loan. In fact, you may qualify for a title loan even if you aren’t eligible for a traditional personal loan.
You keep your vehicle. You won’t lose access to your vehicle just because you are using it as collateral for a title loan.
No prepayment penalties. Unlike other loans, title loans are not designed with prepayment penalties. This means you won’t be penalized if you choose to pay your loan off earlier than expected.
Minimal restrictions on spending. Your lender won’t tell you what you can and cannot do with the money you borrow through a title loan as long as funds are used legally.

These are some of the many reasons why people often choose title loans over other loans.

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What Do You Need to Take Out a Title Loan?

Wed, 19 Apr 2023 19:20:59 GMT

Money is tight for many people right now. If you’re struggling to pay your bills, you may want to think about borrowing extra cash to make ends meet. You can apply for a number of different types of loans to secure the cash you need. However, many people who are in this unfortunate situation rely on title loans to get fast cash .

A title loan is not a traditional personal loan because it is secured by collateral. To obtain a title loan, you must use the title to your vehicle as collateral. You won’t lose your vehicle by taking out a title loan, though. You can keep driving your car while you make payments. However, the lender will put a lien on the title or hold onto it until your debt has been satisfied.

Applying for a title loan can be simpler and more straightforward than applying for a traditional personal loan. If you’ve never applied for a title loan before, you may want to know what you will need to provide in order to apply for a title loan. What do you need to take out a title loan ? Here’s what you should know:

The Title to Your Vehicle

The title to your vehicle plays an important role in the title loan process because it is used as collateral to secure your loan. For this reason, you must be prepared to submit the title to your vehicle to your lender during the application process.

The title you are using as collateral must have your name on it, which indicates that you are the legal owner of the vehicle. Your name does not need to be the only name on the title, though. You can use a title as collateral even if you share ownership of the vehicle with someone else. As long as your name is on the title, it doesn’t matter if someone else’s name is also listed.

You cannot use a salvage title as collateral for a title loan. Salvage titles are only issued to vehicles that have suffered extensive damage as a result of a natural disaster, accident, or some other event. A vehicle with a salvage title has been declared a total loss by an insurance company, which means the cost of repairing the vehicle exceeds the vehicle’s value.

It’s hard to estimate the value of a vehicle with a salvage title, which is why title loan companies will not accept these titles as collateral.

Don’t give up on applying for a title loan if you can’t find the title to your vehicle. If you misplaced your title, let your lender know as soon as possible. Your lender can assist you with the process of obtaining a new title so you can complete your application.

Your Driver’s License

Be prepared to submit your driver’s license to the title loan company when you apply for a title loan. If you do not have a driver’s license, the title loan company may accept other forms of government-issued IDs. Talk to your title loan company to find out what you will need to submit to fulfill this requirement.

Credit Check Consent

You will need to consent to a credit check during the title loan application process. This gives your lender the opportunity to review your credit history and evaluate your creditworthiness. The results of this evaluation will impact your eligibility for a title loan. However, this does not mean that you need perfect credit to qualify for a title loan .

Your credit is only one factor that the title loan company will consider when determining your eligibility. Title loan companies also consider the resale value of your vehicle, your ability to repay the loan, and other factors.

In short, title loan companies accept most credit types. In fact, you may qualify for a title loan even if you don’t qualify for a traditional personal loan due to your credit.

Proof of Residence

The title loan company may ask you to submit proof of residence during the application process. Proof of residence can come in a number of different forms. If you submit your driver’s license, for example, this may serve as proof of your residence.

However, if you don’t have a driver’s license, the title loan company may accept other forms of proof of residence, including a recent utility bill, lease agreement, or mortgage statement.

The documents you submit as proof of residence must include both your name and your current address. For example, if your spouse’s name is the only one on your utility account, you cannot use a utility bill as proof of your residence since your name is not listed.

Proof of Income

You must have a reliable source of income to qualify for a title loan. To confirm you meet this eligibility requirement, the title loan company will ask you to submit proof of income when you apply for a title loan.

There are many different acceptable forms of proof of income, including recent pay stubs, tax returns, or bank statements. Talk to your lender to find out what documents they will accept as proof of your income.

Proof of Auto Insurance

Because your vehicle is used as collateral, the title loan company will want to make sure it is protected by auto insurance coverage. For this reason, you should be prepared to submit proof of auto insurance when you apply for a title loan.

The auto insurance policy must be active and must cover the vehicle you are planning to use as collateral for your title loan .

Vehicle Inspection

Because your vehicle is used as collateral, the title loan company needs to know how much it is worth before determining if you are eligible for a title loan and if so, how much you can borrow.

To calculate your vehicle’s resale value, the title loan company may ask you to bring it in for an inspection. Some title loan companies, however, may send an inspector to your home or workplace to make the process more convenient for you. There are also title loan companies that allow applicants to submit photos of their vehicle in lieu of an inspection. Talk to your lender to learn more about their valuation process.

Regardless of the valuation process, the title loan company will calculate your vehicle’s resale value based on many factors, including its make, model, year, condition, mileage, and trim level.

You cannot borrow more than your vehicle is worth, which is why figuring out your car’s resale value is so important.

Co-Signer (Optional)

If you don’t meet the eligibility requirements on your own, you may want to consider adding a co-signer to your title loan application. The person who co-signs your application will not receive any of the title loan money. By adding their name, they are simply agreeing to repay your loan in the event you fail to do so.

Adding a co-signer with good credit can make it easier for you to get approved for a title loan. Even if you qualify for a title loan on your own, adding a co-signer could help you secure better terms. For example, a co-signer might help you qualify for a lower interest rate, which will save you a significant amount of money.

Conclusion

Now you know the ins and outs about what you will need to take out a title loan. If you’re ready to secure the fast cash you need, call 1-800-227-8485 to start the title loan application process!

Six Must-Have Cars that Offer Affordability and Low Five-Year Depreciation

marcela@contentkarma.com (Marcela De Vivo) — Thu, 16 Mar 2023 19:44:48 GMT

Buying a new car today comes with a much higher price tag thanks to high demand, higher interest rates, and a lingering supply crunch related to a microchip shortage. According to Kelley Blue Book, the average sale price of a new car has soared to more than $49K .

Those with a more constrained budget shouldn’t despair. There are still many vehicles with affordable price points that hold their value, too. Here are six must-have cars that won’t break the budget or be a nightmare to trade in (per data from iSeeCars ):

Honda Civic
Toyota Corolla
Subaru BRZ
Nissan Versa
Jeep Wrangler
Toyota RAV4

Low Depreciation Rates Can Lead to Better Trade-In Offers

Buyers might focus on the price of a vehicle at the time of purchase. New vehicles should fit comfortably into the budget so that buyers aren’t stretching their finances. However, most buyers might not research how well a vehicle holds its value over time.

All cars experience depreciation. Driving out of the dealership can cause the car to decrease its value by nine to 11 percent . Over the course of five years of ownership, the average car loses one-third of its original value .

Some vehicles, however, hold onto their value better than others. iSeeCars compiled a list of the cars that offer the lowest depreciation over five years . Why should depreciation rates matter to buyers? A car that holds value can lead to more money when buyers need to sell it or use it as a trade-in for a new vehicle .

iSeeCars reported that the Jeep Wrangler is the vehicle with the lowest five-year depreciation. While the average depreciation rate hovered at 33.3 percent, the Jeep Wrangler only lost 7.3 percent of its value over a five-year period. The Jeep Wrangler Unlimited was the vehicle with the second lowest depreciation rate over five years (8.7 percent).

The site explained that the design consistency of the Wrangler contributed to its low depreciation. Buyers who are looking at an older Wrangler might realize that the design hasn’t changed much over the years. While iSeeCars didn’t delve into popularity, the Wrangler also has a loyal fanbase making the vehicle a desirable choice. This likely helps contribute to its steady valuation.

Other cars noted for their low depreciation included the Honda Civic (16.3 percent five-year depreciation), Subaru BRZ (18.2 percent depreciation), Toyota Corolla (19.8 percent depreciation), and the Nissan Versa (19.9 percent). In addition, iSeeCars included the Toyota RAV4, the Wrangler Unlimited, and the Wrangler among the models that were actually worth more after three years.

Those that are looking for a new vehicle that will hold value longer might focus on the Jeep Wrangler (and Unlimited), the BRZ, Civic, Corolla, and Versa. In addition, the Toyota RAV4 appreciated after three years, and the Jeep Wrangler and Wrangler Unlimited also saw an uptick in price over three years of ownership.

Vehicles with Low Prices, Great Fuel Efficiency, and Top Safety Ratings

The cars with the lowest depreciation are also among some of the more affordable choices on the market. As the price of vehicles has risen, the choice of affordable vehicles has become more limited. For 2022, the Chevrolet Spark was the most affordable model; however, this model was discontinued and isn’t available for 2023.

Buyers who are looking for the most fuel-efficient vehicle could consider the Mitsubishi Mirage. It is priced at $16,245 and offers the best fuel efficiency of any standard vehicle on the market. The Mirage can get an estimated 36 MPG in the city and 43 MPG on the highway. However, its three-cylinder engine doesn’t offer great acceleration and it didn’t earn a safety nod from the Insurance Institute for Highway Safety (IIHS); safety data from the National Highway Traffic Safety Administration (NHTSA) isn’t available. The Mirage also isn’t noted for a lower depreciation rate.

There are multiple vehicles that are priced affordably, offer good gas mileage, and are among the safest on the market. These vehicles also are among those with low five-year depreciation.

Honda Civic

The 2023 Honda Civic has a starting MSRP of $23,450. It can get an estimated 33 MPG in the city and 42 MPG on the highway. The 2023 Honda Civic sedan was named a Top Safety Pick by the IIHS and it also received a five-star safety rating from the NHTSA. The Civic was the 25th most popular vehicle of 2022 by sales volume. It depreciated 16.3 percent after five years.

Toyota Corolla

The 2023 Toyota Corolla is priced at only $21,550 (starting) and can get an estimated 32 MPG in the city and 41 MPG on the highway. The 2023 Corolla sedan also received a Top Safety Pick from the IIHS and earned a five-star safety rating from the NHTSA. The Corolla was the 12th most popular vehicle in 2022 by sales volume. After five years, the Corolla depreciated 19.8 percent.

Subaru BRZ

The Subaru BRZ is a sports car, and it has a starting price of $28,595. While it’s designed for speed, the BRZ also gets decent fuel efficiency—21 MPG in the city and 30 MPG on the highway. The 2023 Subaru BRZ earned a Top Safety Pick+ rating/award from the IIHS (this is the highest safety honor). Data from the NHTSA on the BRZ is not yet available. Over five years, the BRZ only depreciated 18.2 percent.

Nissan Versa

The 2023 Nissan Versa is a small or compact car and it might be the least expensive vehicle available. It has a starting price of $15,730 and can get an estimated 32 MPG in the city and 40 MPG on the highway. While the 2023 Versa didn’t receive a Top Safety Pick from the IIHS, the Versa was awarded a five-star safety rating from the NHTSA. The five-year depreciation rate for the Versa was 19.9 percent.

Toyota RAV4

The Toyota RAV4 isn’t among the list of vehicles with the lowest five-year depreciation, but it is among the vehicles that appreciated after three years (which is a rare feat). The RAV4 was the fourth most popular vehicle in 2022 by sales volume. The 2023 RAV4 has a starting price of $27,975, which makes it a higher-priced model (like the BRZ). The RAV4 earned a Top Safety Pick from the IIHS and received a five-star safety rating from the NHTSA.

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Can I Get Title Loans Without Proof of Income Near Me?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 19 Jan 2023 23:23:14 GMT

No one ever plans on running low on cash, but unfortunately, money troubles can arise when you least expect them. If you’re struggling to make ends meet, it's important to know where to turn for the fast cash you need. Many people in this situation rely on title loans, secured loans that allow borrowers to get cash by using the title to their vehicle as collateral. Because title loans are often processed quickly, they are ideal for people who need cash as soon as possible.

If you’ve had trouble getting approved for loans in the past, you may wonder whether you are eligible for a title loan . For example, you might be wondering, “Can I get title loans without proof of income near me?” If this question is on your mind, here’s what you need to know:

What Do You Need to Apply for Title Loans?

You might be eligible for a title loan if you meet these conditions:

You are at least 18 years old.
You own a vehicle that meets the title loan company’s minimum value requirement.
You have equity in your vehicle.
You have a reliable source of income.
You are willing to consent to a credit check.

Once you submit a title loan application, the lender will ask you to provide a number of different documents. These documentation requirements can vary depending on the lender, but in general, you should be prepared to provide the following:

Your driver’s license
The title to your vehicle
Proof of residence (examples include your driver’s license, recent utility bills, a mortgage statement, or lease agreement)
Proof of income (examples include recent pay stubs, bank statements, or tax returns)
Proof of auto insurance

The sooner you submit the required documentation, the sooner your application can be approved.

Can You Get a Title Loan If You’re Unemployed?

To qualify for a title loan , you must have a reliable source of income that you can use to repay the money you borrow. The title loan company will ask you to submit proof of income during the application process so they can verify that you meet this requirement.

However, this does not necessarily mean that you need to be employed to qualify for a title loan. If you are unemployed, you may still qualify for a title loan if you have another reliable source of income. Some examples of other sources of income include:

Veterans’ benefits
Disability benefits
Retirement benefits
Alimony
Rental property income

If you can show proof of any other source of income, you may still be able to take out a title loan despite being unemployed.

Can You Add a Co-Signer to Your Title Loan Application?

If you are unemployed without a reliable source of income, you may not qualify for a title loan on your own. However, you may qualify for a title loan if you add a co-signer to your application. A co-signer can be a family, friend, neighbor, colleague, or anyone else who is willing to take on this role.

A co-signer will not receive any of the money you are approved to borrow. By signing their name, the co-signer is simply agreeing to repay the money you borrow in the event you fail to do so.

If your co-signer has a reliable source of income and good credit, having their name on your application can improve your chances of getting approved for a title loan.

How Much Can You Borrow With a Title Loan?

Title loan companies can lend up to $50,000 per title loan. However, the amount you will be able to borrow will depend on several factors, including:

Your Income
Your Car’s Resale Value
Your Equity

Your Income

Remember, you will need to submit proof of income during the application process. Once you submit these documents, the title loan company will evaluate your income to determine how much you can afford to repay. This way, the title loan company can ensure that they don’t lend you more than you are capable of repaying.

Your Car’s Resale Value

The title to your vehicle is used as collateral, which is why the title loan company needs to know how much it is worth prior to determining how much you can borrow .

For this reason, the title loan company may ask you to bring your vehicle in for an inspection after you apply for a title loan. However, there are also title loan companies that will send someone to inspect your vehicle at your home, workplace, or another convenient location. Some title loan companies even allow you to submit photos of your vehicle rather than go through the inspection process.

Regardless of whether the lender sees your vehicle in pictures or in person, they will decide how much your vehicle is worth based on its make, model, year, condition, mileage, and trim level.

Knowing your car’s resale value is important. This is because you cannot borrow more than the value of your vehicle. In fact, most title loan companies will only allow you to borrow up to a certain percentage of your vehicle’s resale value.

Your Equity

If your car isn’t completely paid off, it’s important to know how much equity you have in your vehicle. Equity is the difference between your car’s resale value and the outstanding balance on your auto loan.

For example, say your car has a resale value of $20,000 and you still owe $3,000 on it. This means you have $17,000 of equity in your vehicle ($20,000-$3,000=$17,000).

To qualify for a title loan, you must have equity in your vehicle. If you owe more than your car is worth, you cannot use your car as collateral to secure a title loan. Furthermore, the title loan company will not allow you to borrow more than the value of your equity. This is why knowing how much equity you have in your vehicle is a crucial part of figuring out how much you may be able to borrow with a title loan.

Follow these steps to apply for a title loan from 1(800) CAR-TITLE®:

Contact us. To start the application process, you need to contact our loan specialists. You can either call 1-800-227-8485 or submit your information using the form on our website. If you choose to submit an online form, wait for a member of our team to get in touch with you.
Get a free loan quote*. Find out how much you will be able to borrow and at what interest rate by requesting a free loan quote. To prepare this estimate, your loan specialist will ask you for information about your vehicle, including its make, model, year, and mileage.
Finish your application. You are not obligated to apply for a title loan after requesting a free loan quote. But if you would like to move forward with the process, you will need to sign and submit the required documentation to complete your application.
Get your loan proceeds in cash. You can secure your cash after your application has been approved. Pick your cash up in person or have it sent directly to you via check or wire transfer.

Take the first step toward getting the cash you need to make ends meet–contact us today.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

Can You Get a Title Loan in a Different State?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 19 Jan 2023 23:07:00 GMT

If you’re short on cash, a title loan might be the solution. A title loan is a type of secured loan that allows you to borrow cash by using the title to your vehicle as collateral. The lender won’t take possession of your vehicle just because you are using it as collateral, though. Instead, the title loan company will put a lien on your title or hold onto it until your loan has been repaid. In the meantime, you can continue to drive your vehicle while you make payments in accordance with your loan terms.

Because your title is used as collateral, it plays an important role in the title loan application process. In fact, your title is one of the documents you will need to submit when applying for a title loan. If your car title is from another state, you may be wondering how this will impact your eligibility for a title loan. Can you get a title loan in a different state ? Here’s what you need to know:

Who is Eligible for a Title Loan?

Before you learn about getting a title loan with an out-of-state title, you may want to know whether you are even eligible for this type of loan. You may qualify for a title loan if you meet these conditions:

You are at least 18 years old.
You own or partially own a vehicle that meets the title loan company’s minimum value requirement.
You have equity in your vehicle.
You are willing to consent to a credit check.
You have a reliable source of income that can be used to repay your loan.

As you can see, the eligibility requirements for a title loan are not the same as the eligibility requirements for a traditional personal loan. For this reason, you may qualify for a title loan even if you don’t qualify for a traditional personal loan due to your credit score or other reasons.

How to Get a Title Loan With an Out-of-State Title

If you have an out-of-state title, you may still be able to get a title loan. However, you may need to take one of these steps during the application process:

Provide Proof of Residence
Register Your Car in Your New Home State

Provide Proof of Residence

If you apply for a title loan while out of state, you may need to provide proof of residency in order to get approved.

For example, say you live in Texas but are vacationing in California. If you want to apply for a title loan while in California, you will need to present the title to your vehicle. Because it’s an out-of-state title, you will also need to prove to the lender that you live in Texas.

Your lender may accept a number of different types of documents as proof of your residency, including your driver’s license, recent utility bills, mortgage statements, or lease agreements. The documents you submit must show both your name and your current address. If your utility bills only show your roommate’s name, for example, you cannot submit these documents as proof of your residency.

Register Your Car in Your New Home State

If your car is registered in a different state because you have recently moved, the title loan company may ask you to register your car in your new home state in order to qualify for a title loan.

For example, say your car is registered in Texas but you recently moved to California. Because you no longer live in Texas, the title loan company will not need to see proof of your Texas residency in order to approve your loan. Instead, the title loan company may ask you to register your car in California before you apply for a title loan.

You usually have 30 days to update your license and registration after moving to a new state. You should do this regardless of whether or not you are applying for a title loan. To update your registration, you may need to submit an application online or visit your local Department of Motor Vehicles (DMV) office. You will need to pay a small fee to complete the process of registering your vehicle in your new home state.

Once your registration has been updated, you may be able to use your title to qualify for a title loan.

Can You Get Title Loans in All 50 States?

Every state has its own rules and regulations regarding title loans. For example, some states have established minimum and maximum title loan amounts. A handful of states have gone even further and banned title loans altogether. If you are in one of these states, you will not be able to get a title loan regardless of which state you actually live in.

What Are the Benefits of Getting a Title Loan?

Title loans are unique loans that offer a number of benefits, including:

Fast processing times. Title loans are known for being processed quickly, which is why so many people rely on them when they need cash in a hurry.
Simple application process. The process of applying for a title loan is simple and straightforward. In fact, the entire application process can take place online or over the phone, so you won’t need to visit a lender’s office in person.
Simpler to qualify for. It’s much simpler to qualify for a title loan than it is to qualify for other loans, including traditional personal loans.
You keep your vehicle. You won’t need to hand over the keys to your vehicle when you apply for a title loan. You can keep driving it while you make payments in accordance with the loan terms.
No prepayment penalties. From most title lenders, you won’t incur additional fees if you decide to pay off your title loan earlier than expected.
Spend your money your way. The title loan company won’t tell you what you can and can’t do with the money you borrow. As long as you pay it back in time and it is used for legal purposes, you can spend it however you see fit.

How to Apply for a Title Loan

Don’t wait any longer to get the fast cash you need. Follow these steps to apply for a title loan from 1(800)CAR-TITLE®:

Contact our loan specialists. There are two ways to start the title loan application process. You can call our loan specialists directly at 1-800-227-8485 or submit your information using the form on our website. If you choose the second option, a loan specialist should reach out to you as soon as possible.
Request a loan quote*. You can get a free loan quote in just a few minutes. All you need to do is tell your loan specialist more information about your vehicle, including its make, model, year, and mileage. Then, you will receive a free custom loan estimate that explains how much you can borrow and at what interest rate.
Finish the application. You’re not obligated to get a title loan if you ask for a free loan quote. However, if you’re happy with the terms of your loan estimate, you can complete your application by signing and submitting the required documentation.
Get your loan proceeds in cash. You can pick up your cash in person or ask your loan specialist to have it sent to you via check or wire transfer.

Take the first step toward securing the cash you need–call us or submit an online form today to start the title loan application process .

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

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Can You Get a Title Loan With a Lien?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 19 Jan 2023 21:20:52 GMT

Many people who need fast cash rely on title loans. Unlike a traditional personal loan, a title loan is typically processed quickly, which means you can get your hands on the cash you need as soon as possible. The eligibility requirements are also different for title loans, so you may qualify for a title loan even if you don’t qualify for a traditional personal loan.

Title loans are secured loans. If you want to borrow money with a title loan, you must use the title to your vehicle as collateral. You can keep driving your vehicle while you make payments, though. However, the title loan company will put a lien on your title until you have paid off your debt.

Because your car is used as collateral, you might be wondering whether you will still qualify for a title loan if you already have a lien on your vehicle. Can you get a title loan with a lien ? Here’s what you need to know:

How Do Liens Work?

Before you find out whether you can get a title loan with a lien, it’s important to understand what liens are and how they work.

A lien is a legal right to property. By putting a lien on your vehicle, the lienholder is staking a claim to the property.

If you take out a loan using your vehicle as collateral, the lender will put a lien on your title until your loan has been repaid. This way, if you default on your loan, the lender has the legal right to take possession of your vehicle to satisfy your debt.

Can You Get a Title Loan If Your Car Isn’t Paid Off?

If you are still making payments on your vehicle, your lender most likely has a lien on your vehicle. If you need fast cash, you may be worried that this will make it harder for you to get a title loan. It is possible to qualify for a title loan even if there is a lien on your vehicle because you are still paying off your auto loan.

Your eligibility in this situation will depend on several factors, including:

Your Vehicle’s Resale Value
Your Equity

Your Vehicle’s Resale Value

Your vehicle is used as collateral, so your title loan company should know how much it is worth before determining if you are eligible for another loan. To calculate your vehicle’s resale value, your lender will evaluate its make, model, year, mileage, condition, and trim level.

Your Equity

Your equity is the difference between your car’s resale value and the amount you still owe on it. For example, if your car is worth $10,000 and you owe $2,000 on it, you have $8,000 of equity.

You must have equity in your vehicle to qualify for a title loan . If you owe more than your vehicle is worth, you are not eligible for a title loan.

The bottom line is many people with only a few payments left on their auto loans qualify for a title loan. Everyone’s situation is unique, which is why it’s best to contact your title loan company to find out if you qualify even though you have a lien on your vehicle.

Can You Get a Second Title Loan?

If you are still making payments on your title loan, you may want to know whether you can take out a second title loan since your vehicle has a lien on it. Taking out a second title loan is not the answer in this case. A better option would be refinancing your title loan .

Refinancing involves taking out a new title loan to pay off your current title loan. In other words, the new title loan replaces the old one.

What Are the Benefits of Refinancing?

There are a number of benefits to refinancing your title loan, including:

Lower interest rate. If your credit score has improved or the market has changed since you initially took out your title loan, refinancing could help you secure a lower interest rate, which could save you a significant amount of money over the course of the loan.
More affordable payment. If you are able to extend your loan term or lower your interest rate, refinancing could make your title loan payment more affordable.
Avoid defaulting. If you can’t afford to make your current title loan payments, you may be able to refinance your loan to avoid defaulting on your debt. This can help you avoid the serious consequences of defaulting.
Borrow more cash. Some people may be eligible to borrow additional cash when they refinance their title loan. If you’re short on cash, this is a great way to secure the money you need.

These are some of the many reasons why so many people choose to refinance their title loans.

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How Much You Can Borrow With a Title Loan?

marcela@contentkarma.com (Marcela De Vivo) — Tue, 10 Jan 2023 22:57:13 GMT

If you’re short on cash, it’s important to know where to turn to get the money you need to make ends meet. Many people in this situation rely on title loans to get fast cash.

A title loan is not like a traditional personal loan. To obtain a title loan, you must be willing to use the title to your vehicle as collateral. Your lender will put a lien on your title or hold onto it until your loan has been repaid. In the meantime, you can continue to drive your vehicle as you normally would. This means you won’t lose your vehicle just because you are using it as collateral to secure your title loan.

If you’re considering this option, you might be wondering whether a title loan will provide you with enough cash to make ends meet. Title loan companies can typically issue between $2,150 and $50,000 per loan, but how much can you get for a title loan ? Here’s what you need to know:

What Factors Will Determine How Much You Can Borrow With a Title Loan?

Title loan companies take a number of factors into consideration when determining how much you can borrow, including:

Your Income
Type of Vehicle
Your Vehicle’s Resale Value
Your Equity
Your Location

Your Income

During the application process, the title loan company will ask you to submit proof of your income. Some examples of proof of income include recent pay stubs, bank statements, or tax returns.

The title loan company will review these documents to confirm that you have a reliable source of income that you can use to repay the money you borrow.

Your lender will also evaluate your income to determine how much you can afford to repay. The results of this analysis may impact how much you are approved to borrow with a title loan.

Type of Vehicle

Title loan companies accept a wide range of vehicles as collateral, including:

Sedans
SUVs
Pickup trucks
Minivans
Coupes
Convertibles
Motorcycles
RVs

If you own more than one vehicle, choose which one you want to use as collateral wisely. Some title loan companies limit how much you can borrow when using a motorcycle as collateral , for example. On the other hand, RVs are usually worth more than standard passenger vehicles, so you may be approved to borrow more money by using this type of vehicle as collateral.

Your Vehicle’s Resale Value

Your vehicle is used as collateral, which is why the title loan company needs to know how much it is worth before determining how much you can borrow.

The valuation process can vary depending on the lender. Some lenders will ask you to bring your vehicle in for an inspection after you submit an application, whereas others may send someone to you to inspect your vehicle. There are also title loan companies that allow applicants to submit photos of their vehicle instead of getting it inspected.

Regardless of whether the lender inspects your vehicle or photos of your vehicle, they will consider a number of factors when determining its value, including:

Make
Model
Year
Condition
Mileage
Trim level

You cannot borrow more than your vehicle is worth, which is why calculating your car’s resale value is such an important part of the title loan application process.

Your Equity

Your equity in your vehicle can also impact how much you are able to borrow with a title loan. To calculate your equity, subtract the outstanding balance on your auto loan from your vehicle’s resale value.

For example, if your vehicle is worth $20,000 but you still owe $6,000 on it, this means you have $14,000 of equity ($20,000-$6,000=$14,000).

You must have equity in your vehicle to qualify for a title loan. Furthermore, you cannot borrow more than the value of your equity in your vehicle. Most title loan companies will allow you to borrow up to a certain percentage of your equity.

Your Location

Where you live can also affect how much you are approved to borrow. This is because a number of states have passed laws that establish minimum and maximum amounts for title loans.

For instance, the state of Illinois has a law that limits each title loan to $4,000 or up to 50% of the borrower’s monthly income. In Mississippi, the maximum title loan amount is $2,500, but it’s much higher in New Hampshire, where each title loan can be up to $10,000.

Title loan companies must comply with these state laws. If your state has these restrictions in place, they may impact how much you can borrow .

How to Find Out How Much You Can Get for a Title Loan

You don’t need to try to do the calculations on your own. You can find out how much you will be able to borrow with a title loan in a matter of minutes. All you need to do is contact your title loan company and request a free loan estimate.

A loan estimate* will tell you important information about the title loan you qualify for, including the amount you will be able to borrow and the interest rate. If you want to find out how much you can borrow with a title loan, follow these steps to request a free loan estimate from 1(800)CAR-TITLE®:

Contact our loan specialists. There are two ways to get in touch with our team. You can call us directly at 1-800-227-8485 or submit your information using the form on our website. If you choose to submit an online form, someone on our team will reach out to you as soon as possible.
Answer a few questions about your vehicle. To create your loan estimate*, your loan specialist will need to learn more about your vehicle. Be prepared to provide basic information, including your vehicle’s make, model, year, mileage, and condition.

That’s all you need to do to get a free loan estimate. Once you receive your estimate, carefully review the terms. Your loan specialist will be available to answer any questions or address any concerns that you may have .

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How to Survive Long Trips During Holiday Travel

Tue, 13 Dec 2022 02:24:31 GMT

Last year, a study found that families were expecting to cover about 600 miles for their combined holiday travels ( Thanksgiving through New Years). For the upcoming holidays, travel expectations could be similar. For families who plan to drive to their destinations, though, the trip might be a stressful trek.

While flying has its own share of stressors, road trips with kids might require parents to plan ahead to ensure their children don’t get bored and cranky during the journey. Wondering how to survive long trips during holiday travel? Try these activities and tips to help make the trip enjoyable for everyone and help parents preserve their sanity, too:

Make a list of ‘car rules’ and stick by them
Pack portable devices like handheld game systems, tablets, etc.
Pack plenty of charging cords for devices
Require headphones for devices and any entertainment systems
Play games in the car to mix up the entertainment
Pack snacks and drinks
Bring books and reading materials
Plan plenty of pit stops
Consider stopping at landmarks to break up the trip
Overestimate the travel time

Tip #1: Make a List of Car Rules and Stick to These Rules

Every family has their own set of rules at home, but there also should be guidelines that help children understand how to behave in the car, too.

Obviously, all children need to be in a safety seat or in their own seat (and buckled). However, parents also can stipulate that yelling is prohibited and that children must keep hands, feet and objects to themselves.

Parents also could have car rules guiding food and drink. Some parents only allow clear liquids to ensure that upholstery doesn’t get stained. Others might limit certain foods.

Before hitting the road, make a list of car rules and place that list in the back seat. Parents might hold onto a copy, too. Set consequences for children who break the rules.

Tip #2: Remember to Pack Portable Devices

Keeping kids entertained during a long car ride might require lots of variety. Handheld game systems let children play their favorite games on-the-go. Smartphones and tablets let children watch videos, play games, chat with friends and listen to music.

Parents might assume that just packing a smartphone or a tablet will suffice. Don’t make this novice mistake! Pack multiple portable options and assume that kids will grow tired of one or the other.

Kids can alternate between playing video games on their game system and engaging on a smartphone or tablet. More options give children variety and help mix up the entertainment. Tablets or smartphones also could offer kids access to streaming services.

Tip #3: Bring Plenty of Charging Cords for Devices

Many modern cars feature USB ports that allow devices to be charged in the vehicle. When parents are packing smartphones, handheld game systems and tablets, they also need to remember charging cords for these devices.

Without charging cables or cords, those devices might be useless after a few hours of playing. Don’t get stuck in the car with devices that have lost their battery power. Pack enough charging cords to ensure all devices are fully charged and ready to use. Parents also shouldn’t forget cords for their own phones.

Tip #4: Headphones are Must

Whether children have classic over-the-ear headphones or earphones that fit inside the ear, make sure that these accessories are packed for the journey. Parents probably don’t want to hear the sounds from games or their child’s music playlist.

Headphones and earphones ensure that everyone can enjoy their favorite games, music or videos without disturbing others in the car. Pack headphones/earphones for everyone.

Tip #5: Play ‘I Spy’ and Other Games

Children won’t always be entertained by their devices. Eventually, they might lose interest. Parents need a backup plan, and fun on-the-go games in the car can ensure everyone has fun and enjoys the ride.

Play road trip games like “I Spy.” Parents also could download road trip bingo games that encourage children to look out their car window to find objects to mark off their card. The Travel Channel offers free Road Trip Bingo cards that parents can print out for the long holiday journey.

Get creative with car trip games. There are many card games and other games that are designed for road trips. Some are available for free online (like Bingo games), but others might need to be ordered or purchased.

Tip #6: Pack Snacks and Drinks

While trips to rest stops and gas stations will be inevitable, some parents might not want to stop every time their child needs a drink or a snack. Plus these little travel ‘extras’ can add to the cost of the journey.

Parents can pack a small cooler with drinks and a variety of snacks. Again, some parents might prefer clear liquids to ensure that colorful drink stains don’t ruin car upholstery. Let children pick out their favorite snacks to pack during the journey; parents and children might even plan a special shopping trip beforehand to purchase road trip snacks and drinks.

Tip #7: Bring books and Reading Materials

Parents might not want their children to stare at screens for the entire duration of the car trip. Books, magazines and other reading materials can provide an alternative to screen time.

Shop for books or magazines before the trip to ensure children have something new to enjoy. Parents also could encourage children to bring books they are currently reading.

Tip #8: Plan Plenty of Pit Stops

Most parents have likely heard the desperate plea from the backseat: “I have to go to the bathroom!” Bathroom breaks are a part of the journey, and parents should build these stops into the trip.

Instead of waiting for the plea from the back, parents might schedule these stops ahead of time. While some unplanned bathroom stops will be unavoidable, planning stops can encourage children to stretch their legs and use the restroom (whether they think they need to or not).

Tip #9: Consider Visiting Landmarks to Break Up the Trip

Stops during the journey don’t need to be limited to rest areas or gas stations. Instead, parents might schedule visits to area landmarks during their journey.

Maybe the holiday trek will take the family near a historic battlefield or a unique town. Plot out points of interest along the way, and, weather permitting, plan to make a stop at these cool sites.

Roadside attractions also can be a fun deviation from the journey. These attractions could be wacky and wild and provide a fun backdrop for a family photo op.

Tip #10: Overestimate the Travel Time

Parents might assume that they can make it to their destination in a specific timeframe. Unfortunately, traffic issues, accidents, more stops for bathroom breaks or other unplanned issues could delay the trip and lengthen the journey. When planning a trip, overestimate the travel time.

Overestimating ensures that parents aren’t cutting the trip too close (if they need to arrive at a particular time). Plus, adding on extra travel time lets families enjoy a more leisurely journey.

Holiday travel might lead to a road trip that requires many hours in the car. When parents are traveling with children, patience could be limited. Instead of worrying about the trip suddenly turning stressful, parents can plan ahead to ensure that children have plenty of entertainment options during the journey. Pack portable devices, print out game cards for Road Trip Bingo, bring snacks and consider making stops to fun roadside attractions to break up the trip.

With a little extra planning, the family road trip for the holidays can be a relaxing, fun bonding experience that children and parents remember forever.

How Much Can You Get for a Title Loan?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 28 Nov 2022 22:48:07 GMT

If you’re short on cash, you may want to consider applying for a title loan. Unlike traditional personal loans, title loans are secured loans, which means they are supported by collateral. To borrow money through a title loan, you must use the title to your vehicle as collateral.

Even though your vehicle is used as collateral, you won’t lose access to it if you take out a title loan. In fact, you can continue to drive your car while you make payments on your title loan. In the meantime, the lender will either hold onto your title or put a lien on it until your loan has been paid off.

Title loans are processed quickly, so they’re ideal for people who need fast cash. If you’re considering this option, you might be wondering whether a title loan will provide you with enough cash to make ends meet. How much can you get for a title loan ? Here’s what you should know:

How Much Will I Be Approved to Borrow Through a Title Loan?

In most cases, you may be able to borrow anywhere from $2,510 to $50,000 through a title loan. The amount you are approved to borrow will depend on several factors, including:

Your Income
Your Vehicle’s Resale Value
Your Equity
Local Laws

Your Income

During the application process, the title loan company will ask you to submit proof of income. Acceptable forms of proof of income can vary depending on the lender, but examples may include recent pay stubs, tax returns, or bank statements.

The title loan company needs to see this documentation to confirm that you have a reliable source of income that you can use to repay your loan. Your income doesn’t need to come from a regular job. For example, if you are unemployed but you receive government benefits, you may still qualify for a title loan by showing proof of these benefits.

Your lender will also evaluate your income to determine how much you can afford to repay. The results of this analysis will directly impact how much you are able to borrow. After all, no title loan company wants to lend more than a borrower can afford to repay.

Your Vehicle’s Resale Value

The title to your vehicle is used as collateral to support your title loan. For this reason, the title loan company needs to know how much your vehicle is worth before determining how much you can borrow.

During the application process, the title loan company may ask you to bring your vehicle in for an inspection. Or the company may arrange to have your vehicle inspected at your home, workplace, or another convenient location. You may also be given the option of submitting photos of your vehicle in lieu of an inspection. Talk to your lender to learn more about your options.

The lender needs to conduct this type of inspection to calculate the value of your vehicle. During this inspection, the title loan company will take a number of factors into consideration when calculating your vehicle’s value, including its make, model, year, mileage, condition, and trim level.

You cannot borrow more than the value of your vehicle. In fact, most lenders will only allow you to borrow up to a specific percentage of your vehicle’s value.

Your Equity

Another factor that will impact how much you can borrow is your equity in your vehicle. Your equity is the difference between your vehicle’s resale value and the amount you still owe on it.

For instance, say your vehicle is worth $10,000 and you owe $2,000 on it. This means you have $8,000 of equity in your vehicle.

You cannot borrow more than the value of your car’s equity. Title loan companies will typically only allow you to borrow up to a certain percentage of the value of your car’s equity.

You must have equity in your vehicle to qualify for a title loan. If you owe more than your vehicle is worth, you cannot use your vehicle as collateral for your title loan.

For example, if your vehicle is worth $7,000 and you owe $9,000 on it, you do not have equity in your vehicle.

Local Laws

A number of states have passed laws that establish minimum and maximum amounts for title loans . If you live in one of these states, these laws could impact how much you are able to borrow.

For example, in Illinois, the law states that the maximum title loan amount is $4,000 or up to 50% of the borrower’s monthly income. In New Hampshire, on the other hand, the maximum title loan amount is $10,000.

Title loan companies must comply with these laws when doing business in these states. Research the laws in your state to find out if this will impact how much you are able to borrow through a title loan.

Can I Get More Money On My Title Loan?

If you are still making payments on your title loan, you may be wondering whether it is possible to get more money without taking out an entirely new loan.

In some cases, it may be possible to borrow more money by refinancing your title loan . Refinancing is the process of taking out a new title loan to pay off your existing title loan. In other words, it involves replacing your existing title loan with a new title loan.

Many people refinance their title loans to secure better terms such as a lower interest rate or lower monthly payment. However, some people who refinance may be eligible to borrow additional cash as well. Talk to your lender to find out if you qualify for refinancing and if so, whether you will be able to borrow additional cash if you choose this option.

How to Apply for a Title Loan

Now you should have a better idea of whether you will be able to get the amount of cash you need by taking out a title loan. Follow these steps to apply for a title loan from 1(800)Car-Title®:

Get in touch with a loan officer. Call 1-800-227-8485 to speak to a loan officer directly or submit your information using the form on our website. If you choose to submit an online form, a loan officer will contact you as soon as possible.
Review your free loan estimate*. Answer some basic questions about your vehicle so your loan officer can prepare your free estimate. Then, review the details of your estimate to learn more about how much you can borrow and at what interest rate. Your loan officer will be available to answer your questions or address your concerns related to your loan estimate.
Sign and submit documentation. The final step in the application process is signing and submitting the required documentation. Your loan officer will explain what documents you need to gather and submit to complete this step.
Get your cash. That’s all it takes to apply for a title loan. All you need to do now is pick up your cash in person or arrange for it to be sent to you via check or wire transfer.

Don’t wait any longer to secure the cash you need to make ends meet. Start your title loan application today.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

How Much Can I Borrow on a Car Title Loan?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 29 Sep 2022 22:42:35 GMT

Being short on cash can be stressful, especially if picking up an extra shift or cutting back on expenses isn’t enough to come up with the money you need. Fortunately, there are other options available, including title loans.

A title loan is not like a traditional personal loan. To borrow money through a title loan, you must be willing to use the title to your vehicle as collateral. You won’t lose your vehicle so long as you are currently on your payments. Your lender will put a lien on it or hold onto your title while you make payments, but you can continue to drive your vehicle as you normally would.

Because title loans are secured by collateral, they are much easier to qualify for than traditional personal loans. Title loans are also processed faster, which is why they’re ideal for people who need cash right away.

If you’re considering this option, you might be wondering, “ How much can I borrow on a car title loan ?” The answer to this question will depend on a number of factors. Here’s what you need to know:

How Much Can You Borrow on a Title Loan?

Title loan companies can issue between $2,000 to $50,000 per title loan. However, this does not necessarily mean that you will be able to borrow the maximum amount of $50,000. Title loan companies will determine how much each applicant can borrow on a case-by-case basis.

What Factors Affect How Much You Can Borrow on a Car Title Loan?

Your title loan company will consider a number of factors when determining how much you should be approved to borrow, including:

● Your Vehicle’s Resale Value

● Your Equity

● Your Income

● Your Location

Your Vehicle’s Resale Value

Your vehicle is used as collateral to secure your title loan, so the title loan company needs to know how much it is worth before determining how much you can borrow. For this reason, the title loan company will need to calculate the resale value of your vehicle during the application process.

Your title loan company may ask you to bring your vehicle in for an inspection at some point in the application process. However, some title loan companies will arrange to have your vehicle inspected at your home or workplace instead to make the process more convenient for you.

Others will even allow you to submit pictures of your vehicle instead of getting it inspected. This is the most convenient option since you won’t need to take time out of your schedule to get your vehicle inspected. Talk to your title loan company to find out what your options are when it comes to the inspection process.

Regardless of how it is inspected, the process of calculating your vehicle’s resale value is the same. Your title loan company will calculate your vehicle’s resale value based on its make, model, year, mileage, condition, and trim level.

You cannot borrow more than the value of your vehicle. In fact, most title loan companies will only allow you to borrow up to a certain percentage of your vehicle’s value.

Your Equity

If you are still making payments on your vehicle, your equity is another factor that will impact how much you are approved to borrow through a title loan. The term “equity” refers to the value of your ownership stake in your vehicle. To calculate your equity, subtract the amount you still owe on your car from your car’s resale value.

For example, say your vehicle’s resale value is $15,000 and you still owe $5,000 on it. This means you have $10,000 of equity in your vehicle ($15,000-$5,000=$10,000).

You may not be able to borrow more than the value of your equity if you are approved for a title loan. So, in this example, you would not be approved to borrow over $10,000.

You must have equity in your vehicle to qualify for a title loan . If you owe more than your vehicle is worth, you have negative equity, which means you may not use the vehicle as collateral for a title loan.

Your Income

During the application process, the title loan company will ask you to submit proof of income such as recent pay stubs, tax returns, or bank statements. This way, the title loan company can confirm that you have a reliable source of income that can be used to repay the money you borrow. You must have a reliable source of income to qualify for a title loan.

Seeing this documentation also gives the title loan company an opportunity to evaluate your income and determine how much you can afford to repay. The results of this evaluation will impact how much you are able to borrow.

Your Location

The state in which you live could also have an impact on how much you are able to borrow through a title loan. This is because a number of states have passed laws that establish minimum and maximum amounts for title loans .

All title loan companies must comply with these laws when issuing title loans to residents of these states. If you live in a state with these laws, they could impact how much you are able to borrow if you are approved for a title loan.

How to Find Out How Much You Can Borrow on a Car Title Loan

Now you know about the many factors that are taken into consideration when determining how much you can borrow. Fortunately, it’s easy to find out how much you will be able to borrow through a title loan from 1(800)CAR-TITLE®. Once you have this information, you can quickly complete your application and secure the money you need to make ends meet. Here’s what to do:

Contact our loan specialists. You can either call us directly at 1-800-227-8485 or submit your information using the form on our website. If you submit an online form, a member of our team will reach out to you as soon as possible.
Request a free loan estimate. You can find out if you are approved for a title loan and if so, how much you will be able to borrow by requesting a free loan estimate. To prepare your estimate, your loan specialist will need some information about your vehicle, including its make, model, year, mileage, and condition.
Complete your application. If you’re satisfied with the terms of your loan estimate, complete your title loan application by signing and submitting the required documentation. Your loan specialist will walk you through this step to ensure you know what is required.
Get your cash. Your cash will be available shortly after your application is approved. You can choose to either pick it up in person or have it sent to you via check or wire transfer.

You’re just a few steps away from getting the money you need . Don’t wait any longer–start the title loan application process today.

Is It Easy to Get Title Loans?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 12 Sep 2022 22:28:55 GMT

Borrowing money isn’t always easy. This is especially true if you apply for a traditional personal loan. You must complete a lengthy application process if you want to borrow money through a traditional personal loan. After you submit the application, you may need to wait days or even weeks to find out if you are approved.

If you need fast cash, you shouldn’t have to jump through hoops to get it, which is why you should explore other options outside of traditional personal loans.

A title loan is a great alternative to a traditional personal loan. Unlike traditional personal loans, title loans are secured by collateral. To obtain a title loan, you must use the title to your vehicle as collateral. You can still drive your vehicle while you make payments, so taking out a title loan won’t affect your daily life.

If you’ve never taken out a title loan before, you may be wondering what to expect during the application process. Is it easy to get title loans ? Here’s what you need to know:

Who Qualifies for a Title Loan?

You may qualify for a title loan even if you weren’t approved for a traditional personal loan. This is because the eligibility requirements for title loans are very different from the eligibility requirements for traditional personal loans.

You may be eligible for a title loan if you meet the following conditions:

You are at least 18 years old.
You own or partially own a vehicle, which means your name is on the title.
Your vehicle meets your lender’s minimum value requirement.
You have equity in your vehicle.
You have a reliable source of income.
You will consent to a credit check.

Eligibility requirements can vary depending on the title loan company. For this reason, it’s best to contact your title loan company directly to learn more about their requirements.

Do You Need Good Credit to Get a Title Loan?

There are typically minimum credit score requirements that you must meet to qualify for traditional personal loans. However, title loans aren’t like traditional personal loans.

If you apply for a title loan, the lender will check your credit as part of the process of determining your eligibility. In other words, your credit could impact your eligibility. However, your credit isn’t the only factor that will affect the lender’s decision. When determining your eligibility, title loan companies also consider the resale value of your vehicle and your ability to repay the loan.

The bottom line is you shouldn’t let your less-than-perfect credit score stop you from applying for a title loan. Because your credit isn’t the only factor that is taken into consideration, you don’t need a perfect credit score to qualify for a title loan. In fact, title loan companies accept most credit types.

Can You Get a Title Loan If You’re Unemployed?

To qualify for a title loan, you must have a reliable source of income that you can use to repay the money you borrow. However, it’s important to note that having a reliable source of income is not necessarily the same as having a job. In other words, you can still qualify for a title loan if you are unemployed as long as you have another source of reliable income.

For instance, if you are unemployed, you can still qualify for a title loan if you receive government benefits, alimony, rental income, or another form of income on a regular basis. Even though you aren’t employed, you still have a reliable source of income you can use to repay your loan. All you need to do is show proof of this income to your lender.

Can You Get a Title Loan If You Still Owe Money On Your Vehicle?

You may qualify for a title loan even if you are still making payments on your vehicle. In fact, many people with only a few payments left on their auto loan are approved for title loans.

Eligibility in situations like these is determined on a case-by-case basis. To find out if you qualify, contact your lender to discuss your unique situation.

Can You Add a Co-Signer to Your Title Loan?

Don’t throw in the towel if you aren’t eligible for a title loan on your own. If you’re in this situation, you may want to consider adding a co-signer to your title loan application.

A co-signer is someone who agrees to repay your loan in the event you fail to do so. This person will not receive any of the money you borrow. By signing their name, they are simply agreeing to share the responsibility of repaying your loan.

If you can find a cosigner with good credit, this could improve your chances of getting approved for a title loan. Having a co-signer with good credit on your application could also help you secure a lower interest rate, which will save you money over the course of the loan.

How Much Can You Get for a Title Loan?

Title loans can range from $2,500 to $50,000. The title loan company will take a number of factors into consideration when determining how much you can borrow , including:

Your income: Your lender will ask you to submit proof of income during the application process. This way, they can evaluate your income and determine how much you can afford to repay.
Your car’s resale value: Your car is used as collateral, so its resale value will have a huge impact on how much you can borrow. Your lender will assess your vehicle’s make, model, year, condition, trim level, and mileage to calculate its value. You are typically allowed to borrow up to a certain percentage of your vehicle’s value.
Your equity: Your equity is the difference between your car’s resale value and the outstanding balance on your loan. You must have equity in your vehicle to qualify for a title loan and you cannot borrow more than the value of your equity.

How to Apply for Title Loans

It doesn’t take long to apply for title loans. If you’re ready to get fast cash, follow these steps to apply for a title loan from 1(800)CAR-TITLE®:

Contact our loan specialists. Dial 1-800-227-8485 to speak to a loan specialist directly. Or submit your information using the form on our website. Then, a loan specialist on our team will get in touch with you as soon as possible.
Get a free loan estimate*. In a matter of minutes, you can find out if you are approved for a title loan, and if so, how much you can borrow. To prepare your loan estimate, your loan officer will need to collect some information from you about your vehicle. Be prepared to provide your vehicle’s make, model, year, mileage, and condition.
Finalize your loan. Review the terms of your loan estimate carefully. If you’re satisfied with your loan estimate, finalize your loan by signing and submitting the required documentation. The sooner you complete this step, the sooner you can get your cash.
Collect your cash. Pick up your cash or have it sent to you via check or wire transfer, whatever is most convenient for you.

Taking out title loans is easy . Get started by contacting our loan specialists today.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

Do You Need Good Credit to Get a Title Loan?

There are typically minimum credit score requirements that you must meet to qualify for traditional personal loans. However, title loans aren’t like traditional personal loans.

Can You Get a Title Loan If You’re Unemployed?

Can You Get a Title Loan If You Still Owe Money On Your Vehicle?

You may qualify for a title loan even if you are still making payments on your vehicle. In fact, many people with only a few payments left on their auto loan are approved for title loans.

Eligibility in situations like these is determined on a case-by-case basis. To find out if you qualify, contact your lender to discuss your unique situation.

Can You Add a Co-Signer to Your Title Loan?

Don’t throw in the towel if you aren’t eligible for a title loan on your own. If you’re in this situation, you may want to consider adding a co-signer to your title loan application.

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How Much Can You Borrow When Getting Car Title Loans Completely Online?

marcela@contentkarma.com (Marcela De Vivo) — Sun, 11 Sep 2022 22:36:17 GMT

Applying for a loan hasn’t always been easy. In the past, people who wanted to apply for a loan had to travel to the lender’s office, fill out stacks of paperwork, and wait days or even weeks to find out if they were approved. Fortunately, things are much different now.

If you need fast cash, you can apply for a car title loan from the comfort of your home. This is because the entire process of applying for car title loans is completely online , so you never have to step foot outside of your home to get the cash you need. But how much will you be able to borrow through a title loan? Here’s what you need to know before submitting your online application:

How Do Title Loans Work?

Before you find out how much you can borrow, it’s important to have a basic understanding of how title loans work. Title loans are not traditional personal loans. If you want to borrow money with a title loan, you must use the title to your vehicle as collateral.

You can keep driving your vehicle if you are approved for a title loan. The lender will either hold onto your title or put a lien on it while you repay your loan. Once your loan has been paid off, the lender will return the title to you or remove the lien from it.

If you comply with the terms of your loan agreement, your car will remain in your possession throughout the entire car title loan process. However, if you fail to repay your loan, the lender has the right to take possession of your vehicle.

Title loans are processed faster and easier to qualify for than traditional personal loans. For these reasons, title loans are ideal for people who need fast cash.

What Factors Impact How Much You Can Borrow With an Online Title Loan?

Title loans can range from $2,510 to $50,000. This doesn’t necessarily mean you will be approved to borrow the maximum amount, though.

If you are eligible for a title loan , the lender will take a number of factors into consideration when determining how much you can borrow . Some of these factors include:

Your Income
Your Vehicle’s Resale Value
Type of Vehicle
Your Equity
Where You Live

Your Income

No title loan company wants to lend you more than you can afford to repay. To avoid this problem, the title loan company will ask you to submit proof of your income during the application process. Proof of income can come in many forms, including pay stubs, tax returns, and bank statements.

Once you submit this paperwork, the title loan company will evaluate it to determine how much you can afford to repay based on your current income. The results of this evaluation will affect how much you are approved to borrow.

Your Vehicle’s Resale Value

Your vehicle’s resale value is one of the main factors that will impact how much you are approved to borrow with a title loan. This is because your vehicle is used as collateral, so the title loan company needs to know its resale value so they don’t allow you to borrow more than your car is worth.

You may be asked to bring your vehicle in for an inspection so the title loan company can calculate its value. However, some lenders allow borrowers to submit pictures of their vehicle instead of bringing it in for an inspection. Either way, the title loan company will calculate your car’s resale value based on its make, model, year, mileage, condition, and trim level.

Type of Vehicle

The type of vehicle you use as collateral could impact the amount of your title loan, too. For example, if you use a motorcycle as collateral, the maximum amount you can borrow is $4,000 . However, if you use a car or RV as collateral, you may be able to borrow more since these vehicles are usually worth more than motorcycles.

If you own more than one vehicle, keep this in mind when deciding which one you should use as collateral to secure your title loan.

Your Equity

You may qualify for a title loan even if you are still making payments on your vehicle. However, you will not be able to borrow more than the value of your equity in your vehicle.

To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value. For example, if your car is worth $18,000 and you still owe $3,000 on it, you have $15,000 of equity ($18,000-$3,000=$15,000).

Where You Live

The state you reside in may impact how much you can borrow as well. Some states, including New Hampshire, New Mexico, and Illinois, have laws that establish minimum and maximum amounts for title loans. Title loan companies must comply with these laws when doing business with residents of these states.

How to Find Out How Much You Can Borrow With Completely Online Title Loans

If you’re interested in applying for a title loan, you can find out how much you will be able to borrow in a matter of minutes. All you need to do is request a free loan estimate. Follow these steps to request your free title loan estimate from 1(800)CAR-TITLE®:

Contact us. You can contact our loan specialists directly by calling 1-800-227-8485. You also have the option of submitting your information using the form on 1800cartitleloan.com . Then, a member of our team will get in touch with you as soon as possible.
Answer questions about your vehicle. To prepare your loan estimate, your loan specialist will need to know more about your vehicle. Be prepared to tell your loan specialist your vehicle’s make, model, year, mileage, condition, and trim level.
Review your loan estimate. Your loan specialist will prepare your free loan estimate based on the information you provide. Review the terms of your estimate to find out how much you can borrow and at what interest rate. Your loan specialist will be available to answer any questions or address any concerns you may have.

How to Get Car Title Loans Completely Online

Once you receive your title loan estimate, you can choose whether you would like to move forward with the process of applying for a title loan. If you are satisfied with the terms of your estimate, here’s what to do to finish your title loan application:

Sign and submit documents. You will need to submit a number of documents to complete your application, including proof of income, proof of residence, the title to your vehicle, and your driver’s license. You will also need to sign several documents. The sooner you complete this step, the sooner you can get your cash.
Collect your cash. There are several ways to get your cash. If you need it right away, you can choose to pick it up in person at one of our convenient locations. Otherwise, you can ask to have it sent to you via check or wire transfer.

You’re just a few steps away from getting the cash you need to make ends meet. Start your application for completely online car title loans today.

What to Expect When Visiting Car Title Loan Places Near Me

marcela@contentkarma.com (Marcela De Vivo) — Thu, 08 Sep 2022 22:22:23 GMT

No one plans on experiencing financial trouble. However, life is unpredictable, and unexpected expenses can throw a wrench in even the best-laid financial plans. If you’re coming up short on cash, you may want to consider applying for a title loan .

Title loans are not like traditional personal loans. If you want to borrow money with a title loan, you must be willing to use the title to your vehicle as collateral. You don’t need to give the lender your car, though. Your car will remain in your possession as long as you continue to make payments on your title loan. However, the lender will hold onto or put a lien on the title until your debt has been satisfied.

If you’ve never taken out a title loan before, you may not know the basics about how these loans work. Before you start searching for “ car title loan places near me ,” here’s what you should know about title loans:

Am I Eligible for a Title Loan?

The first question on your mind may be whether you are even eligible for a title loan. You may be eligible for a title loan if you meet these conditions:

You are at least 18 years old.
You own a vehicle that meets your lender’s minimum value requirement.
You have equity in your vehicle.
You are willing to consent to a credit check.
You have a reliable source of income, which you can use to repay the money you borrow.

As you can see, the eligibility requirements for a title loan are not the same as the eligibility requirements for a traditional personal loan. As a result, you may qualify for a title loan even if you aren’t eligible for a traditional personal loan.

Every lender is unique, so you may need to meet additional eligibility requirements to qualify for a title loan. If you’re thinking about applying for a title loan, it’s best to contact your lender to find out if you meet their requirements.

What Should I Bring to Car Title Loan Places Near Me?

The title loan company will ask you to submit a number of documents during the application process. If you are planning on applying for a title loan, you may want to start gathering these documents now so you are prepared for the application process:

The title to your vehicle
Your driver’s license or another form of ID
Proof of residence (examples include your driver’s license or a recent utility bill, lease agreement, or mortgage statement)
Proof of income (examples include recent pay stubs, bank statements, or tax returns)
Proof of auto insurance

Your lender may require additional documents to process your title loan application. For this reason, it’s best to ask your lender exactly what you need to provide to complete your application.

Will the Title Loan Company Check My Credit?

The title loan company will check your credit as part of the process of determining your eligibility for a loan. Getting your credit checked may seem frightening, especially if your credit isn’t perfect. However, you shouldn’t let this stop you from applying for a title loan.

Your credit isn’t the only factor that the title loan company will consider when determining your eligibility. Because your vehicle is used as collateral, its value will also be taken into consideration when determining your eligibility. Title loan companies also consider your income and your ability to repay the loan.

In short, you will need to consent to a credit check when applying for a title loan, but you don’t need perfect credit to qualify. In fact, title loan companies accept most credit types.

How Much Will I Be Able to Borrow With a Title Loan?

Title loan companies can issue anywhere from $2,000 to $50,000 per loan. However, this doesn’t necessarily mean you will qualify for the maximum amount of $50,000. The amount you are approved to borrow will depend on several factors such as:

Your income: Your lender will analyze the proof of income documentation you submit during the application process to determine how much you can afford to repay.
Your car’s resale value: Your car is used as collateral to secure your title loan, so it plays an important role in determining how much you can borrow . You cannot borrow more than your vehicle is worth. Your lender will calculate your vehicle’s resale value by assessing its make, model, year, mileage, condition, and trim level.
Your equity: You must have equity in your vehicle to qualify for a title loan. To calculate your equity, subtract the outstanding balance on your auto loan from your vehicle’s resale value. The difference between these two numbers is the value of your equity. You cannot borrow more than the value of your equity.

To find out how much you will be able to borrow, contact your title loan company directly. This way, you can find out if you will get enough cash to make ends meet if you apply for a title loan.

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How to Get a Title Loan With Bad Credit

marcela@contentkarma.com (Marcela De Vivo) — Thu, 08 Sep 2022 22:16:15 GMT

Your credit score, which can range from 300 to 850, is a number that represents your credit risk. In other words, it tells lenders how likely you are to repay the money you borrow. The higher your credit score, the more likely you are to pay back your loan on time.

Having a good credit score can make it easier to qualify for traditional personal loans, credit cards, mortgages, and other lines of credit. In fact, many lenders establish minimum credit score requirements that borrowers must meet to qualify.

If your credit score isn’t perfect, you may wonder what your options are when it comes to borrowing money. Fortunately, you may be able to qualify for a title loan even if you don’t qualify for a traditional personal loan as a result of your credit. Here’s how to get a title loan with bad credit :

How Do Title Loans Work?

Before learning about how your credit will impact your application, it’s important to understand how title loans work. Title loans are not like traditional personal loans because they are secured by collateral. To obtain a title loan, you must use the title to your vehicle as collateral . Title loan companies typically accept titles to many different types of vehicles, including sedans, SUVs, pickup trucks, minivans, coupes, convertibles, RVs, and motorcycles.

You won’t lose access to your vehicle if you choose to use it as collateral to secure a title loan. Your lender will allow you to continue driving it while you make payments on your loan. However, the lender will put a lien on your title or hold onto a physical copy of it until your loan has been paid off.

As long as you continue to make payments on your title loan, you will remain in possession of your vehicle the whole time. However, if you stop making payments, the lender has the right to take possession of your vehicle to satisfy your debt.

Do Title Loan Companies Check Your Credit?

The first thing you may want to know is whether the lender will check your credit when you apply for a title loan. The answer to this question is yes, you will need to consent to a credit check to apply for a title loan .

Performing a credit check involves more than just looking at your credit score. A credit check gives the title loan company an opportunity to see your credit history and evaluate how well you have managed debts in the past. It allows the title loan company to assess the risk of lending you money.

If you have defaulted on debts in the past, for example, this makes you a riskier borrower. If you have never defaulted on any debts, however, you are less of a risk to the lender.

Can You Get a Title Loan With Bad Credit?

The thought of getting your credit checked by a lender may be nerve-wracking, but you shouldn’t let this scare you away from applying for a title loan.

The title loan company will consider your credit when determining your eligibility, however the lender will also consider other factors, including your car’s resale value and your ability to repay the loan. Because your credit isn’t the only factor that is taken into consideration, you don’t need perfect credit to qualify for a title loan .

Remember, title loans are not like traditional personal loans. In fact, you may qualify for a title loan even if you don’t qualify for a traditional personal loan as a result of your credit. This is because unlike traditional lenders, title loan companies accept most credit types.

Can You Add a Co-Signer to Your Title Loan Application?

You may qualify for a title loan even if your credit score isn’t perfect. However, there is one other way to get approved for a title loan even if you don’t qualify on your own. Find someone with good credit who is willing to co-sign your title loan application.

A co-signer is someone who agrees to take responsibility for paying back your loan in the event you are unable to do so. In other words, if you stop making payments on your loan, the co-signer is responsible for satisfying your debt. The person who co-signs your application will not receive any of the money you are approved to borrow.

Adding a co-signer with good credit to your application reduces the lender’s risk, which will make it easier to get approved for a title loan.

How to Improve Your Credit Before Applying for a Title Loan

If your credit score is low, you may want to take the time to improve it before applying for a title loan. By improving your credit score, you could qualify for better terms, including a lower interest rate, which could save you money over the course of your loan. Here’s what to do to increase your credit score:

Avoid taking out new lines of credit. Don’t open any new credit cards or apply for any new loans.
Make payments. The best way to improve your credit score is to make on-time payments on your debts.
Review your credit report. Pull your credit report using a free tool such as Credit Karma. Then, review your report to look for errors. If you spot an error, contact the credit bureau to have it removed from your credit report.
Don’t make large purchases. Try to avoid making large purchases on your credit cards. Making large purchases will increase your credit card balance, which will lower your credit score.

Follow these tips for several months and you should see a noticeable improvement in your credit score.

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7 Trends Shaping the Future of the Auto Industry

marcela@contentkarma.com (Marcela De Vivo) — Mon, 11 Jul 2022 00:28:06 GMT

Buying a vehicle was once a fairly standard process. The buyer flipped to the auto section of the newspaper to review prices and promotions available at local dealerships. They might have visited a few dealerships, taken a test drive of favorite models and then started negotiations and completed the deal.

Times have changed and so has the auto industry. Buying isn’t an in-person process and technology has taken over many aspects of the vehicle. In addition, vehicle ownership isn’t always a priority. Evolution happens across sectors and industries; here are 7 trends shaping the future of the auto industry :

Self-driving vehicles
Connectivity
Electric vehicles
Online buying
Car sharing
Shorter model cycles
New companies

Self-Driving Vehicles

Some manufacturers refer to these cars as autonomous. While there isn’t a fully autonomous self-driving car for buyers to purchase, many models include a self-driving mode. Tesla is one of the most popular brands that include an autopilot option in vehicles.

However, buyers should not assume that they can relegate their driving to a computer. Tesla and other manufacturers explain that drivers should still be engaged and aware when behind the wheel. The autopilot option is a convenience and it does not take the place of the human completely. Tesla also emphasizes that autopilot doesn’t make models autonomous .

Will self-driving cars be the future of driving? This could be the goal. However, in order for a computer or AI to drive a vehicle, there are many safety tests that likely still need to be performed.

For self-driving cars to be a reality, the vehicle would need to communicate with traffic lights, road signs and other cars, too. The intelligence necessary to make these cars safe and effective on the road might be quite the endeavor.

Maybe street signs and lights offer sensors that the cars detect. Would all the cars be able to speak to each other or communicate via some type of signal? Only the engineers might know the answer to these questions.

Many consumers likely assumed that the world would be driving in flying cars by the year 2000. Obviously, we know that reality is very different from fantasy. Still, though, self-driving cars don’t seem out of the realm of possibility, and they could be the future of the industry.

Connectivity

The connectivity of vehicles is constantly evolving. Cars now have immersive infotainment screens and seats that can automatically position for individual drivers.

Backup and front cameras use augmented reality grid lines to ensure that drivers can easily navigate tight spaces. In addition, car systems now can utilize smartphones to connect to playlists, contacts and more. Drivers can send voice-commands to their car. They can even send text messages to friends by verbally dictating these messages to their AI assistant through their phone (which is connected to the car).

Connectivity is becoming incredibly advanced. In fact, Nissan is working on its Invisible to Visible (I2V) technology. This would include technology that can allow for avatars of friends or family to appear in the vehicle to keep the driver company. The driver would wear special glasses that allow these avatars to be visible.

I2V also could allow for professionals to appear in the car to help with driving or to help the driver find a location. I2V also could create the illusion of a brighter day when it’s cloudy; the windows would show sunshine instead of gloom.

Nissan’s technology also could alert the driver of parking spots that have become available and any obstacles up ahead. The future of connectivity could be incredibly advanced!

Electric Vehicles

Get ready to plug in instead of grabbing the pump. Electric might just be the future of the auto world. General Motors is making the move towards an all-electric line-up. In addition, other manufacturers are introducing new hybrids of favorite models and electric models, too.

Ford launched its electric F-150 called the Lightning. The model was so popular that Ford stopped accepting orders. Chevrolet also is expected to release an electric Silverado pickup.

The best-selling electric model in the country is currently the Tesla Model Y. Car and Driver estimated that (so far) in 2022, about 55,000 models of this vehicle have been sold. The site estimated that 40,200 Model 3 vehicles have been sold.

While not all buyers are willing to electrify their ride, the rise of gas prices might influence some to make the switch to the plug. One consideration that buyers need to think about, though, is the prevalence of charging stations in their area.

Many electric vehicle owners will opt to charge their vehicle at home overnight. However, during a road trip the need for a public charger could arise. Some areas offer plenty of charging stations. Unfortunately, some cities and smaller towns might offer limited plugs for charging an electric vehicle.

Those who live in an area with limited charging station locations might need to be more mindful of charging up every night at home to ensure that their battery doesn’t get drained during commutes.

Online Buying

A few years ago, buying a car online would have seemed nearly impossible. Dealerships didn’t even offer online buying options. While companies like Carvana allowed for the virtual process, the standard brick and mortar dealerships favored the in-person experience. Covid changed everything.

When dealerships across the country had to close their doors to in-store traffic, they also needed to stay afloat. To continue to stay open, many dealerships offered buyers the option to buy a car online. Even test drives could be delivered to the home.

As the country has returned to some semblance of normalcy, the online trend has continued. Will online buying become the future of the industry?

Car Sharing

Not every consumer wants to buy a car. Some people don’t want the financial burden of a car payment, while others just don’t drive that often to justify the expense. Car sharing is becoming a common and more popular option to car ownership.

How does it work? Car owners can allow others to borrow their vehicle via car sharing platforms. The driver will have access to the vehicle for a designated amount of time for a certain fee. When the individual is finished with the car, they just drop it off.

Car sharing lets individuals drive different types of cars. However, those who are interested in this less permanent driving option need to research insurance requirements.

Separate from carsharing is ridesharing or e-hailing services. This type of service refers to drivers for companies like Uber and Lyft . With ridesharing, individuals use an app to request a driver to pick them up. The price for the ride can vary.

Could younger generations prefer ridesharing or carsharing to owning their own vehicle? This could be yet another trend that threatens to disrupt the industry.

Shorter Model Cycles

Every year, a new model year is introduced. Each year can offer a few small improvements, however, models were not typically overhauled until they were on the market for several years. A model cycle or ‘life cycle’ is an industry term that denotes the time between major renovations for models.

On average, models’ lifecycles extend about six years . However, manufacturers are starting to make major changes more often. For example, the Camry was overhauled in 2012 and then majorly updated again in 2015—this was ‘unprecedented’ at the time.

Shorter life cycles might be more common, which makes sense as many consumers now have a Fear of Missing Out (or FOMO) related to all things tech. When a new smartphone is released, people flock for it. They want the newest option, the model with the improvements.

Perhaps the automotive sector is simply adopting the trend that the tech sector has embraced for years. In fact, some predict that the life cycle could shrink to one year.

Move Over for New Companies and Competition

The auto industry may become more competitive as new companies enter the market. The rise of electric vehicles has introduced several new companies to car buyers.

In the past 15 years, several companies have been established to produce electric models. Lucid Motors was founded in 2005. Rivian was founded in 2009. Canoo was founded in 2017, and Faraday Future started in 2014.

The Future of Automotive is Evolving

Buyers might find that the vehicles of the future could be incredibly intelligent and perhaps even autonomous. While electric vehicles are on the rise, not all buyers might be ready to plug in. Yet, the auto industry might be on the cusp of an exciting new future; as technology weaves deeper into the automobile, connectivity and intelligence of vehicles might become more enhanced.

Perhaps we will see self-driving cars in the future , or perhaps the younger generation will favor sharing these cars among a group or just calling up a rideshare service. In the future, maybe rideshare is completely autonomous and driven by AI. Will avatars take the wheel? Anything is possible!

Do You Qualify for the Best Online Title Loans?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 27 Jun 2022 22:09:26 GMT

People often apply for traditional personal loans when they need to borrow cash to make ends meet. However, applicants must meet strict eligibility requirements to qualify for traditional personal loans, so many people may not get approved. If you’re in this situation, you may think that you’re out of options, but that’s not the case. There are better ways to get fast cash, including applying for a title loan.

A title loan is secured by the title to your vehicle. In other words, you must use the title to your vehicle as collateral to borrow money through a title loan. You won’t lose access to your car, though. You can keep driving it as you normally would while you repay the money you borrow.

Because title loans are secured by collateral, the eligibility requirements are different from the eligibility requirements for traditional personal loans. Here’s what you need to know about qualifying for the best online title loans :

What Do You Need to Qualify for Online Title Loans?

Every title loan company is different, so eligibility and documentation requirements can vary. But in general, this is what you will need to qualify for the best online title loans :

The Title to Your Vehicle
Qualifying Vehicle
Equity in Your Vehicle
Credit Check
Reliable Source of Income
Co-Signer

The Title to Your Vehicle

The title to your vehicle is used as collateral, so it’s one of the most important documents you will need to submit when applying for a title loan. If you can’t find the title to your vehicle, it’s important to let your lender know. Your lender can guide you through the process of requesting a new title from the Department of Motor Vehicles (DMV) so you can complete your application as soon as possible.

The title you submit to your lender must have your name on it, which indicates that you are the legal owner of the vehicle. Your name does not need to be the only name on the title, though. If you share ownership with someone else, you can still use the title as collateral for your loan .

You cannot use a salvage title as collateral for a title loan. Salvage titles are given to vehicles that have suffered extensive damage and been declared a “total loss” by an insurance company. It’s very difficult to estimate the value of these vehicles, which is why title loan companies typically will not accept these titles as collateral.

Qualifying Vehicle

You can use a wide range of vehicles as collateral, including a sedan, coupe, convertible, SUV, minivan, pickup truck, motorcycle, or RV. However, the vehicle you use must meet your title loan company’s minimum value requirement. This requirement can vary from lender-to-lender, so it’s best to contact your title loan company to find out if your vehicle qualifies.

To calculate your vehicle’s value, the title loan company will assess its make, model, year, mileage, condition, and trim level. You may need to bring your vehicle in for an inspection to allow the title loan company to calculate its value. However, some title loan companies will allow you to submit photos of your vehicle instead of bringing it in for an inspection.

Equity in Your Vehicle

If you are still making payments on your vehicle, it’s important to know how much equity you have. You must have equity in your vehicle to qualify for a title loan. To calculate your equity, subtract the outstanding balance on your auto loan from your car’s resale value.

For example, if your car’s resale value is $15,000 and you still owe $5,000, you have $10,000 in equity ($15,000-$5,000=$10,000).

Calculating your equity can help you estimate how much you will be approved to borrow. You cannot borrow more than the value of your equity. In fact, most title loan companies will only allow you to borrow up to a certain percentage of your equity.

Credit Check

You must be willing to consent to a credit check if you want to borrow money through a title loan. If your credit isn’t perfect, the thought of a lender performing a credit check might make you nervous. You may assume that you won’t get approved if you don’t have the best credit score possible, but that’s not the case.

Your lender will consider your credit when determining your eligibility for a title loan, but it’s not the only factor that they will consider. Other factors such as your car’s resale value and your ability to repay the loan will also impact your eligibility. For this reason, you don’t need a perfect credit score to qualify for a title loan. Most credit types are accepted by title loan companies.

Reliable Source of Income

You must have a reliable source of income to qualify for a title loan. During the application process, the title loan company will ask you to provide proof of your reliable source of income. For example, you may be asked to submit recent pay stubs from your employer, tax returns, or bank statements showing regular deposits.

You do not need to be employed to qualify for a title loan. If you are unemployed, you can still qualify as long as you can show proof that you have another source of reliable income. If you receive government benefits, for example, this may help you qualify for a title loan.

Co-Signer

If you don’t qualify for a title loan on your own, consider adding a co-signer to your application. A co-signer is someone who agrees to take responsibility for your loan in the event you fail to repay it. The person who co-signs your application will not receive any of the money you borrow. By signing their name, they are simply agreeing to repay your loan if you cannot do so.

If your co-signer has good credit, this can improve your chances of getting approved for a title loan. It can also help you secure more favorable terms, such as a lower interest rate, which can save you a significant amount of money .

How to Apply for the Best Online Title Loans

Taking out a title loan is easy. If you’re ready to secure the fast cash you need, follow these steps to apply for the best online title loans from 1(800)CAR-TITLE®:

Contact our team. Call 1-800-227-8485 to speak to a loan specialist directly. You also have the option of submitting your information using the form on our website. If you choose this option, a member of our team will get in touch with you shortly.
Get a free quote. You can find out if you are approved for a title loan and how much you can borrow in just a few minutes. But first, the loan specialist will need some information about your vehicle. You should be prepared to tell your loan specialist your vehicle’s make, model, year, mileage, and condition.
Complete your submission. If you’d like to move forward with taking out a title loan, you can complete your application by signing and submitting the required documentation.
Get your cash. You can get your cash shortly after your loan application has been approved. Pick up the cash in person or have it sent to you via check or wire transfer. You can choose the option that is most convenient to you.

You’re just four steps away from taking out the best online title loans. Don’t wait any longer–contact us today to start your application.

Vehicle Title Loans Near Me: How Much Can I Borrow?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 27 Jun 2022 22:02:30 GMT

Life is unpredictable. Even if you’ve carefully prepared a budget, additional expenses can arise as a result of car accidents, home repairs, medical emergencies, or other unexpected situations. If you need extra cash to cover unexpected expenses like these, it’s important to explore all of your options, including vehicle title loans.

Vehicle title loans are not like traditional personal loans. A title loan is secured by the title to your vehicle. In other words, if you want to borrow money through a title loan, you must use the title to your vehicle as collateral. You can still drive your car even though you are using it to secure your loan. Your lender will put a lien on your title until your loan has been paid off, at which point the lien will be removed.

Before you start searching for “ vehicle title loans near me ,” it’s important to determine if applying for a title loan will provide you with enough cash to make ends meet. How much can you borrow through a title loan? Here’s what you need to know:

What Factors Will Impact How Much I Can Borrow Through A Title Loan?

Title loan amounts can range from $2,000 to $50,000. Your title loan company will consider a number of factors when determining how much you can borrow, including:

Your Income
Type of Vehicle
Your Vehicle’s Resale Value
Your Equity
State Laws

Your Income

During the application process, your title loan company will ask you to submit proof of income. Examples of acceptable forms of proof of income may include recent pay stubs, bank statements, or tax returns. Submitting these documents allows the title loan company to confirm you have a reliable source of income that can be used to repay the money you borrow.

It also gives the title loan company an opportunity to assess your income to determine how much you can afford to repay. The results of this assessment could impact how much you are approved to borrow.

Type of Vehicle

The type of vehicle you use as collateral to secure your title loan could impact how much you can borrow.

Most title loan companies accept a wide range of vehicles as collateral, including:

Sedans
Coupes
Convertibles
SUVs
Pickup trucks
Minivans
Motorcycles
RVs

However, there are lending caps associated with some types of vehicles. For instance, there is a $4,000 cap on title loans secured by motorcycles. If you need more than $4,000, you may want to use your personal vehicle instead of your motorcycle to secure your title loan.

Other vehicles, such as RVs, are worth more, which means you may be able to borrow more if you are approved for a title loan. Keep this in mind if you own multiple vehicles and can’t decide which one to use as collateral.

Your Vehicle’s Resale Value

Remember, the title to your vehicle is used as collateral to support your title loan. Because of this, the title loan company must know how much your vehicle is worth before deciding if you are eligible for a title loan and if so, how much you can borrow .

During the application process, the title loan company may ask you to either bring your vehicle in for an inspection or submit photographs of your vehicle. This gives the title loan company an opportunity to examine your vehicle and calculate its resale value.

Several factors can impact your vehicle’s resale value, including its make, model, year, mileage, condition, and trim level. Once your vehicle’s resale value has been calculated, you will have a better idea of how much you will be able to borrow. You cannot borrow more than the value of your vehicle. In fact, most title loan companies will only allow you to borrow up to a certain percentage of your vehicle’s value.

Your Equity

You must have equity in your vehicle to qualify for a title loan . The value of this equity in your vehicle is another factor that can impact how much you are able to borrow through a title loan.

To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value. For example, if you owe $3,000 on a vehicle that is worth $10,000, this means you have $7,000 of equity ($10,000-$3,000=$7,000). You cannot borrow more than the value of your equity in your vehicle.

If you have negative equity, which means you owe more than the vehicle is worth, you cannot use this vehicle to secure your title loan. For example, if your vehicle is worth $8,000 but you owe $9,000 on it, you have negative equity and cannot use this title as collateral for your title loan.

State Laws

Where you live may also impact how much you are able to borrow through a title loan. This is because some states have passed laws that establish minimum and maximum title loan amounts . Title loan companies must comply with these laws when lending to residents of these states.

For example, the state of Illinois limits each title loan to a maximum of $4,000 or 50% of the borrower’s monthly income. In Mississippi, title loan companies cannot issue title loans that exceed $2,500. Title loan companies in New Hampshire, on the other hand, can issue up to $10,000 per title loan.

If you live in a state with these laws, they could limit how much you are able to borrow. If you’re not sure whether your state has these laws, check with your title loan company or do your own research to find out.

All of these factors will impact how much you are approved to borrow from your title loan company. Fortunately, it only takes a few minutes to find out how much you can borrow. All you need to do is call your title loan company and ask for a free quote.

How to Apply for Vehicle Title Loans Near Me

Now you should have a better idea of whether you will be able to get the cash you need by applying for a title loan. If you’re ready to move forward, follow these steps to apply for a title loan from 1(800)CAR-TITLE®:

Contact our loan specialists. You can call 1-800-227-8485 to speak to a loan specialist directly. You can also submit your information using the form on our website and wait for a loan specialist to get in touch with you.
Get a free quote. Your loan specialist will need some information about your vehicle to prepare your free quote. Be prepared to provide your vehicle’s make, model, year, mileage, condition, and trim level. Then, review the terms of your free quote with your loan specialist.
Finalize your loan. If you’re happy with the terms of your quote, finalize your loan by signing and submitting the required documentation. Your loan specialist will guide you through this step to ensure you understand what needs to be signed and submitted.
Collect your cash. Your money will be available shortly after your application is processed and approved. Pick up your cash in person or have it sent to you via check or wire transfer.

The title loan application process is simple and straightforward. The sooner you start your application, the sooner you can get the cash you need to make ends meet.

Your Income

Type of Vehicle

The type of vehicle you use as collateral to secure your title loan could impact how much you can borrow.

Most title loan companies accept a wide range of vehicles as collateral, including:

Sedans
Coupes
Convertibles
SUVs
Pickup trucks
Minivans
Motorcycles
RVs

Your Vehicle’s Resale Value

Your Equity

You must have equity in your vehicle to qualify for a title loan . The value of this equity in your vehicle is another factor that can impact how much you are able to borrow through a title loan.

State Laws

How to Apply for Vehicle Title Loans Near Me

Contact our loan specialists. You can call 1-800-227-8485 to speak to a loan specialist directly. You can also submit your information using the form on our website and wait for a loan specialist to get in touch with you.
Get a free quote. Your loan specialist will need some information about your vehicle to prepare your free quote. Be prepared to provide your vehicle’s make, model, year, mileage, condition, and trim level. Then, review the terms of your free quote with your loan specialist.
Finalize your loan. If you’re happy with the terms of your quote, finalize your loan by signing and submitting the required documentation. Your loan specialist will guide you through this step to ensure you understand what needs to be signed and submitted.
Collect your cash. Your money will be available shortly after your application is processed and approved. Pick up your cash in person or have it sent to you via check or wire transfer.

The title loan application process is simple and straightforward. The sooner you start your application, the sooner you can get the cash you need to make ends meet.

Can I Get A Car Title Loan With No Job?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 09 Jun 2022 21:55:55 GMT

Making ends meet can be difficult without a steady paycheck. If you’re unemployed, you may need extra cash to temporarily cover your monthly expenses. In times like these, it’s important to know what your options are when it comes to getting the help you need.

You may not be eligible for a traditional personal loan if you are currently unemployed. However, taking out a traditional personal loan isn’t your only option. Many people who are in this situation rely on title loans to get the fast cash they need. You might be wondering, “ Can I get a car title loan with no job ?” Here’s what you need to know:

What Are Title Loans?

A title loan is a type of secured loan, which means it is secured by collateral. If you want to obtain a title loan, you must be willing to use the title to your vehicle as collateral.

You won’t need to hand over the keys to your car to borrow money, though. You can continue to drive your vehicle as you normally would while you make payments on your loan. However, the title loan company will either hold onto your title or put a lien on it until your loan has been paid off.

You will not lose possession of your vehicle unless you fail to repay your loan. In this case, the title loan company has the right to take possession of your vehicle to satisfy your debt.

What Are the Eligibility Requirements for a Title Loan?

The eligibility requirements for a title loan are not the same as the eligibility requirements for a traditional personal loan. For this reason, you may qualify for a title loan even if you don’t qualify for a traditional personal loan.

Eligibility requirements can vary depending on the title loan company, but in general, you may be eligible if you meet these conditions:

You are at least 18 years old.
You own or partially own a vehicle, which means your name is on the title.
You have equity in your vehicle.
You have a reliable source of income.
You are willing to consent to a credit check.

As you can see, it’s much easier to qualify for a title loan than it is to qualify for a traditional personal loan.

Can I Get a Title Loan If I’m Unemployed?

You must have a reliable source of income to qualify for a title loan . However, this does not mean that you need to be employed to be eligible. You can still qualify for a title loan if you are unemployed as long as you have another reliable source of income.

For example, say you are unemployed but you receive veterans’ benefits from the government. In this case, you may still qualify for a title loan since your veterans’ benefits are a reliable source of income.

Other examples of reliable sources of income may include disability benefits, retirement benefits, workers’ compensation, rental income, or other sources of income you choose to disclose.

The bottom line is you do not need a job to qualify for a title loan. All you need is a reliable source of income that you can use to repay your loan.

What Can I Submit As Proof of Income When Applying for a Title Loan?

During the application process, the title loan company will ask you to submit proof of income so they can verify that you have a reliable source of income that you can use to repay your loan.

Proof of income can come in many different forms. If you’re employed, you simply need to submit recent pay stubs from your employer. If you’re unemployed, however, you need to submit another form of proof of income such as recent tax returns or bank statements showing deposits.

Talk to your title loan company to find out what documents you will need to submit to satisfy this requirement.

What Other Documents Will I Need to Apply for a Title Loan?

Proof of income isn’t the only thing you will need to submit to apply for a title loan . Title loan companies may ask you for a number of other documents during the application process, including:

Your driver’s license or another form of government-issued ID
The title to your vehicle
Proof of residence such as your driver’s license, recent utility bills, or lease agreement
Proof of auto insurance

Because the title to your vehicle is used as collateral, it’s one of the most important documents you will need to submit when applying for a title loan. If you can’t find your title, it’s crucial that you let your lender know right away. Your lender can help you obtain another copy from the Department of Motor Vehicles (DMV) in your state. This way, you can complete your application as quickly as possible.

Can I Add a Co-Signer to My Title Loan Application?

Remember, qualifying for a title loan is much easier than qualifying for a traditional personal loan. However, if you are not eligible for a title loan on your own, you have the option of adding a co-signer to your application.

A co-signer is someone willing to take on the responsibility of repaying your debt in the event you fail to do so. If you don’t qualify on your own, adding a co-signer to your application could improve your chances of getting approved for a title loan.

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Where Can I Get A Loan With My Car Title?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 06 Jun 2022 21:44:18 GMT

Medical emergencies, car accidents, and other significant events can happen at any time. If you’re struggling to come up with the cash to cover unexpected expenses, it’s important to know where to turn for help.

Some people in this situation rely on friends or family members to help them through their financial struggles. However, this isn’t an option for everyone. You may think that your only option is selling some of your most valuable belongings such as your car, but that’s not the case. Instead of selling your vehicle, you can keep it and use it as collateral to borrow the money you need.

You might have a lot of questions about this option. Where can I get a loan with my car title ? How do car title loans work? How much money will I be able to borrow? Here’s what you need to know:

How Do Title Loans Work?

It’s important to understand how title loans work. Title loans are not like traditional personal loans. A title loan is a secured loan that allows you to borrow money using the title to your vehicle as collateral.

You won’t need to give up your vehicle to borrow money, though. If you are approved, you can continue to use your car as you normally would while you make payments on your title loan. However, the lender will either hold onto the title or put a lien on it until your loan is paid off in full.

You will not lose the use of your vehicle if you borrow money secured by your title. If you fail to repay your loan; however, the title loan company has the right to take possession of your car to satisfy your debt.

Where to Apply for Title Loans

It’s best to look for a lender that specializes in title loans since they are very different from traditional personal loans. Fortunately, you won’t need to travel very far to apply for title loans. This is because many title loan companies allow you to submit an application either online or over the phone. As a result, you may be able to complete the entire application process without ever stepping foot outside of your home.

Am I Eligible for a Title Loan?

Don’t assume you aren’t eligible for a title loan just because you aren’t eligible for a traditional personal loan. The eligibility requirements for these two types of loans are very different. You may be eligible for a title loan if you meet these conditions:

You are at least 18 years old.
You own or partially own a vehicle, which means your name is on the title.
Your vehicle meets the title loan company’s minimum value requirement.
You have equity in your vehicle.
You are willing to consent to a credit check.
You have a reliable source of income you can use to repay the loan.

Some title loan companies may have additional eligibility requirements. For this reason, it’s best to contact your title loan company directly to learn more about their requirements and find out if you qualify.

What Will I Need to Apply for a Title Loan?

The title loan company will ask you to submit a number of documents during the application process. If you are thinking about applying for a title loan, be prepared to provide these documents:

Your driver’s license or another type of government-issued ID
The title to your vehicle
Proof of residence such as your driver’s license, a lease agreement, recent utility bills, or mortgage statement
Proof of income such as recent pay stubs, bank statements, or tax returns
Proof of auto insurance

Because your car is used as collateral, the title is one of the most important documents you will need to submit. If you can’t find your title, though, there’s no reason to panic. Just let your title loan company know so they can guide you through the process of obtaining another copy from your state’s Department of Motor Vehicles (DMV).

How Much Can I Borrow With a Title Loan?

The amount you will be able to borrow with a title loan, depending on the state, can range from $2,510 to $50,000 depending on:

Your income: Your lender will review the proof of income you submit to determine how much you can afford to repay. This information will be used to determine how much you are allowed to borrow.
Your car’s resale value: Your car is used as collateral, so the lender must know how much it is worth before deciding how much you can borrow . To calculate its value, your lender will consider its make, model, year, condition, trim level, and mileage.
Your equity: You cannot borrow more than the value of your equity in your vehicle. To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value.

What Are the Benefits of Getting a Title Loan?

Title loans offer a number of benefits, including:

Fast processing times. You won’t need to wait weeks to find out if you are approved for a title loan. Title loans are usually processed much faster than traditional personal loans.
Minimal restrictions on spending. In most cases, title loan companies won’t tell you what you can and cannot spend your money on if you are approved as long as funds are used for legal purposes.
You keep your car. The title loan company won’t take your keys simply because you’re using your car as collateral. You can keep your car the entire time you are making payments in accordance with your title loan terms.
Easy application. The title loan company won’t make you jump through hoops to submit an application. The entire application process is simple and straightforward.
Easier to qualify for than traditional personal loans. If you don’t qualify for a traditional personal loan due to your credit, you may still qualify for a title loan.

How to Apply for a Title Loan

Applying for a title loan has never been easier. In fact, you won’t even need to leave your house to apply. If you’re ready to get fast cash, follow these steps to apply for a title loan from 1(800)CAR-TITLE®:

Contact our loan specialists. There are two ways to get in touch with our loan specialists. You can either call 1-800-227-8485 or submit your information using the form on our website. If you choose the second option, a loan specialist will reach out to you shortly.
Get a free loan estimate. Your loan specialist can prepare a free loan estimate that tells you if you are approved for a title loan, and if so, how much you can borrow. To get this estimate, you will need to answer some basic questions about your vehicle and income.
Complete your application. Review your loan estimate with your loan specialist. If you’re happy with its terms, complete your application by signing and submitting the required documentation.
Collect your cash. You will be able to collect your loan proceeds shortly after your application is approved. You can choose to pick up your proceeds in person at one of our convenient locations or have it sent to you via check or wire transfer.

Now you have all of the information you need to apply for a title loan and get the fast cash you need to make ends meet.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

Do You Need Proof of Income for a Title Loan?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 26 May 2022 21:37:32 GMT

Many people who need fast cash rely on title loans. Unlike traditional personal loans, title loans are secured by collateral. If you want to apply for a title loan, you must be willing to use the title to your vehicle as collateral. This doesn’t mean you will have to give up your vehicle, though. It simply means the title loan company will hold onto or put a lien on the title until your loan has been paid off.

If you need cash to make ends meet temporarily, a title loan might be the solution. However, if you’re struggling financially due to unemployment or the sudden loss of a job, you may be wondering whether you will still qualify for a title loan. Do you need proof of income for a title loan ? Here’s everything you need to know before submitting your title loan application:

Why Do Title Loan Companies Need to See Proof of Income?

You must have a reliable source of income to qualify for a title loan. This ensures you have the means to repay the money you are borrowing. During the application process, the title loan company will ask you to submit proof of income so they can verify that you meet this eligibility requirement.

There’s another reason why title loan companies will ask to see proof of income during the application process.

No title loan company wants to lend a borrower money that they have no ability to repay. To avoid this problem, the title loan company will evaluate your income to determine how much you can afford to repay. The results of this evaluation will impact how much money you are approved to borrow if you are approved for a title loan.

What Are Examples of Proof of Income?

Every title loan company will ask you to submit proof of income when you apply for a title loan. If you are planning on applying for a title loan, you may want to start gathering this documentation now to speed up the application process.

What counts as “proof of income” could vary depending on the title loan company . In general, though, most title loan companies will accept the following documents as proof of income:

● Recent pay stubs

● Recent tax returns

● Recent bank statements showing regular deposits

Ask your title loan company to provide a list of the documents they accept as proof of income. Then, start gathering these documents so you are ready to submit your application.

Can I Get a Title Loan If I’m Unemployed?

Having a reliable source of income is one of the requirements you must meet to qualify for a title loan . Being employed, however, is not a requirement. You may still qualify for a title loan if you are unemployed as long as you have another reliable source of income.

For example, say you are unemployed but you receive veterans’ benefits from the government. In this case, you have a reliable source of income even though you aren’t employed. If you can provide proof that you receive these benefits, you may still qualify for a title loan.

Other examples of income include disability benefits, Social Security benefits, alimony payments, or rental income.

The bottom line is your income does not need to come from a regular job to meet the title loan eligibility requirements.

Can I Add a Co-Signer to My Title Loan?

If you are unemployed without a reliable source of income, you may not qualify for a title loan on your own. However, adding a co-signer to your application could improve your chances of getting approved for a title loan.

A co-signer is someone who agrees to repay your debt in the event you fail to do so. A co-signer can be anyone who is willing to take on this responsibility, including friends, family members, or even colleagues.

Your co-signer will need to provide some documentation, including proof of residence and income. They will also need to consent to a credit check so the lender can evaluate their creditworthiness. Everything is kept confidential, which means you will not have access to the documentation they submit and they will not have access to the documents you submit.

What Other Documents Will I Need to Apply for a Title Loan?

Proof of income isn’t the only documentation you will need to provide to apply for a title loan . If you’re planning on applying for a title loan, be prepared to provide:

● Your driver’s license or another form of government-issued ID.

● The title to your vehicle, which must have your name on it.

● Proof of residence such as your driver’s license, lease agreement, mortgage statement, or recent utility bills.

● Proof of auto insurance.

Some title loan companies may require additional documentation. Talk to your title loan company to ensure you know exactly what you need to submit to apply for a title loan. The sooner you submit the required documentation, the sooner you can get the cash you need.

How Much Can I Borrow Through a Title Loan?

The amount you are approved to borrow through a title loan will depend on several factors, including:

● Your income: Remember, the title loan company will carefully evaluate your income to determine how much you can afford to repay.

● Your vehicle’s resale value: Because your vehicle is used as collateral, the lender must know how much it is worth before determining how much you can borrow. Your vehicle’s resale value will be calculated based on its make, model, year, mileage, condition, and trim level.

● Your equity: Equity is the difference between your vehicle’s resale value and the amount you still owe on it. You cannot borrow more than the value of your equity in your vehicle.

The title loan company will consider all of these factors when determining how much you can borrow. You may be approved to borrow anywhere from $2,000 to $50,000.

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Can You Get a Title Loan on a Leased Car?

marcela@contentkarma.com (Marcela De Vivo) — Thu, 26 May 2022 21:30:02 GMT

If you need fast cash , it’s important to explore all of your options, including taking out a title loan. A title loan is not the same as a traditional personal loan. Title loans are secured, which means they are supported by collateral. To obtain a title loan, you must be willing to use the title to your vehicle as collateral.

You won’t have to hand your keys to the lender to borrow money through a title loan. If you are approved for a title loan, you can continue to drive your car as you normally would while you make payments. In the meantime, the lender will put a lien on your title until your debt has been satisfied.

Because it is used as collateral, your car plays an important role in getting a title loan. If you’re considering applying for a title loan , you might be wondering whether a lender will accept your car as collateral. Can you get a title loan on a leased car? What about a car that you are still making payments on? Here’s what you need to know:

Can You Use a Leased Car as Collateral for a Title Loan?

If your car is leased, the first question on your mind may be whether you can use it as collateral to borrow money with a title loan. Unfortunately, the answer is no, you cannot get a title loan with a leased car.

The reason for this is simple. Your vehicle is used as collateral to secure your title loan. In other words, if you fail to repay your loan, the title loan company has the right to take possession of your vehicle to satisfy your debt.

However, if your vehicle is leased, it doesn’t belong to you. It belongs to the leasing company, so the title loan company cannot take possession of it to satisfy your debt in the event you stop paying. For this reason, a leased car cannot be used as collateral for a title loan .

Can You Get a Title Loan If You’re Still Making Payments on Your Vehicle?

You must own your vehicle in order to use it as collateral for a title loan. If you’re still paying off your car, you might wonder whether this will impact your eligibility for a title loan .

You may qualify for a title loan even if you are still making payments on your vehicle. However, you must have equity in your vehicle. If you owe more on your vehicle than it is worth, you cannot use it as collateral for a title loan.

Because every applicant’s situation is unique, eligibility is determined on a case-by-case basis. In general, though, many people who only have a few payments left on their auto loan qualify for a title loan.

What Are the Other Title Loan Eligibility Requirements?

There are a number of eligibility requirements that you must meet in order to qualify for a title loan, including:

You must be at least 18 years old.
You must own or partially own a vehicle.
You must have equity in your vehicle.
You must be willing to consent to a credit check.
You must have a reliable source of income that you can use to repay the money you borrow.

Some lenders may have additional eligibility requirements. To find out if you qualify, it’s best to contact your title loan company directly.

How Much Can You Borrow With a Title Loan?

Lenders typically issue between $2,000 to $50,000 per title loan. Your title loan amount will vary depending on several factors, including:

Your income: You will need to submit proof of income during the title loan application process. This allows your lender to evaluate your income and determine how much you can afford to repay.
Your car’s resale value: You cannot borrow more than your vehicle is worth. To calculate your car’s resale value, the title loan company will assess its make, model, year, condition, trim level, and mileage.
Your equity: You must have equity in your vehicle to qualify for a title loan, and you cannot borrow more than the value of your equity. To calculate your equity, subtract the amount you still owe on your vehicle from its resale value.
Your location: A number of states, including Illinois, Mississippi, and New Hampshire, have passed laws that establish minimum and maximum title loan amounts. If you live in a state with these laws, they could impact how much you are allowed to borrow with a title loan.

It only takes a few minutes to find out how much you can borrow. All you need to do is contact the title loan company and request a free loan estimate.

What Are the Benefits of Getting a Title Loan?

There are countless reasons why so many people rely on title loans to get the cash they need. Title loans offer many benefits, including:

Fast processing times. You shouldn’t have to wait to get the money you need. Fortunately, title loans are typically processed faster than other loans, so you can get your hands on the cash you need as soon as possible.
You keep your car. Your lender won’t take possession of your vehicle unless you fail to repay your loan, which means you can keep your car throughout the entire process.
No prepayment penalties. You won’t be charged a fee if you choose to pay your loan off earlier than expected.
Simple application. The title loan application process is simple and straightforward. In fact, the entire process can be completed online or over the phone.
Easy to qualify for. The eligibility requirements for a title loan are not the same as the eligibility requirements for a traditional personal loan. This means you may qualify for a title loan even if you aren’t eligible for a traditional personal loan.

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What to Bring to Apply to Car Title Loans Near Me

marcela@contentkarma.com (Marcela De Vivo) — Tue, 17 May 2022 21:13:22 GMT

Many people pick up extra shifts, work longer hours, or cut back on expenses in order to get more cash. However, sometimes these options simply aren’t enough to provide you with the cash you need to make ends meet. If you’re short on cash, it’s important to explore all of your options, including taking out a car title loan .

Car title loans, also known as title loans, are secured loans. To borrow money through a title loan, you must use the title to your vehicle as collateral. You won’t lose access to your car just because you are using it as collateral. The lender will hold onto the title or put a lien on it while you make payments. This way, you can continue to use your car as you normally would.

Before you start searching for “ car title loans near me ,” you may want to learn what you should bring with you when you submit an application. Here’s what you need to have to apply for a car title loan:

Your Title

The title to your vehicle is used as collateral to secure your title loan, which is why your lender will need to see your title during the application process. If you can’t find your title, there’s no need to panic. Let your title loan company know that you’ve misplaced your title. They can walk you through the steps of obtaining another one so you can complete your application.

The title that you are using as collateral must have your name on it. It doesn’t matter whether or not your name is the only name on the title as long as it’s there.

It’s important to note that you cannot use a salvage title as collateral for a title loan. If a vehicle has a salvage title, this indicates that it has potentially suffered serious damage at some point. It also means that the vehicle has been declared a “total loss” due to the severity of the damage. It’s very difficult to estimate the value of vehicles with salvage titles, which is why they generally are not accepted as collateral.

Proof of Income

You must have a reliable source of income to qualify for a title loan . This income may come from various sources, including a job, rental properties, alimony, or government benefits. The title loan company will ask you to submit proof of income during the application process so they can confirm that you meet this eligibility requirement.

“Proof of income” comes in many forms. You are typically allowed to submit recent pay stubs, bank statements, or tax returns as proof of income. However, it’s best to check with the title loan company before you submit any documentation. Find out exactly what documents they will need to see to verify your income.

Proof of Residence

The title loan company will also need to verify your home address, which is why they will ask you to submit proof of residence during the application process. Acceptable forms of proof of residence can vary depending on the title loan company. Some examples include:

Your driver’s license or another form of government-issued ID
Utility bills
Mortgage statement
Lease agreement

The documentation you submit must show your name and current address. For example, you cannot submit a utility bill that only has your roommate’s name on it. This does not prove that you live at the address, so it does not count as proof of residence for a title loan.

Proof of Insurance

The vehicle that you are using as collateral must be covered by auto insurance. To confirm this, the title loan company will ask you to submit proof of insurance when you apply for a title loan. Ask your title loan what documents you need to submit to prove you are currently covered by an auto insurance policy.

Your Vehicle

The title loan company needs to know how much your vehicle is worth before deciding whether you are approved and if so, how much you can borrow .

All lenders consider the same group of factors when calculating the value of your vehicle. These factors include the vehicle’s make, model, year, condition, trim level, and mileage. However, the valuation process can vary depending on the title loan company.

For example, many lenders ask borrowers to bring their vehicle in for a professional inspection. Others will send someone to your home or workplace to inspect your vehicle at a location that is convenient for you.

There are even title loan companies that will allow you to skip the inspection process as long as you submit pictures of your vehicle.

Talk to your title loan company to learn about their valuation process. It’s important to have this conversation so you know what you should expect when the time comes to calculate the value of your vehicle.

Potential Co-Signer

It may be easier to get approved for a title loan than it is to get approved for a traditional personal loan. However, if you don’t qualify on your own, you may want to consider adding a co-signer to your application.

A co-signer is someone who agrees to take responsibility for your debt if you fail to repay it. You can choose anyone to be a co-signer, including family members, friends, or colleagues. If your co-signer has good credit, having their name on your application will make it easier for you to get approved for a title loan. Adding a co-signer could also help you qualify for a better interest rate, which could save you a significant amount of money over the course of the loan.

Your co-signer will likely need to submit some documentation to the title loan company, including proof of income and proof of residence. They will also likely need to consent to a credit check. All information is kept completely confidential, so you won’t be able to see theirs and they won’t be able to see yours.

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Motorcycle Title Loans: What You Should Know

Tue, 05 Apr 2022 02:57:02 GMT

There’s nothing more exhilarating than hitting the open road on the back of a motorcycle. Riding a motorcycle is more than just a hobby–it’s a passion for many people. However, if you’re struggling financially, you may be thinking about selling your beloved motorcycle for the cash you need to make ends meet. But there is another way to get fast cash without sacrificing your favorite possession: taking out a motorcycle title loan.

Motorcycle title loans are secured loans, which means they are supported by collateral. If you need fast cash, you can use your motorcycle as collateral to borrow money with a title loan . You won’t have to say goodbye to your bike–you can continue to ride it while you make payments. The lender will either put a lien on it or hold onto the title until the loan has been repaid. Once your loan has been repaid, the lender will remove the lien or return the title.

Taking out a motorcycle title loan might help you secure the cash you need to cover your unexpected expenses. Before you apply, it’s important to learn the ins and outs of this type of loan. Here’s everything you should know about motorcycle title loans:

Who is Eligible for a Motorcycle Title Loan?

The first thing you need to do is determine if you are eligible for a motorcycle title loan. You may be eligible if you meet these conditions:

You are at least 18 years old.
You are willing to consent to a credit check.
You own or share ownership of a motorcycle.
You have equity in your motorcycle.
You have a reliable source of income.

Eligibility requirements can vary by lender, so it’s best to contact your title loan company to find out if you qualify.

What Will You Need to Apply for Motorcycle Title Loans?

If you are eligible for a motorcycle title loan, you may want to start gathering the documents you will need to submit during the application process. Be prepared to provide:

Your driver’s license or another type of government-issued ID
The title to your vehicle
Proof of income (examples include recent tax returns, bank statements, or pay stubs)
Proof of residence (examples include your driver’s license, lease agreement, mortgage, or utility bills)
Proof of auto insurance

Your title is used as collateral, so it’s one of the most important documents that you will need to submit. If you can’t find your title, let your loan officer know right away. Your loan officer can assist you with the process of obtaining a new title so you can complete your application as soon as possible.

Some lenders may ask for additional documentation to process your motorcycle title loan application. Check with your loan officer to ensure you submit everything that is required on time.

How Much Can You Borrow From Motorcycle Loans?

With 1-800-Cartitle.com, the maximum amount you can borrow from a motorcycle loan is $4,000. However, this does not mean that you will be approved to borrow $4,000. The amount you are approved to borrow will vary depending on:

Your income: Your lender will evaluate your income to determine how much you can comfortably afford to repay. This will impact how much they allow you to borrow if you are approved.
The value of your motorcycle: Your motorcycle is used as collateral, so the lender will need to know how much it is worth before determining how much you can borrow. Title loan companies will consider the motorcycle’s make, model, year, condition, and mileage when calculating its value.
Your equity in your motorcycle: You cannot borrow more than the value of your equity in your motorcycle. To calculate your equity, subtract the amount you owe on your motorcycle from your motorcycle’s resale value. For example, if your motorcycle is worth $10,000 and you owe $2,000 on it, you have $8,000 of equity.

Can You Add A Co-Signer to Your Motorcycle Title Loan?

If you don’t qualify for a title loan on your own, you may want to consider adding a co-signer to your application.

A co-signer is an individual such as a friend or family member who agrees to pay off your loan in the event you fail to do so. Adding a co-signer to your application can improve your chances of getting approved, especially if the co-signer has good credit.

Even if you qualify on your own, adding a co-signer might help you secure a better interest rate, which will save you money over the course of the loan.

Your co-signer will need to consent to a credit check and provide their ID along with proof of residence and proof of income. You won’t see the information your co-signer submits to the title loan company and they won’t see the information you submit. Everything is kept confidential.

What Are the Benefits of Motorcycle Title Loans?

Motorcycle title loans offer several benefits, including:

Fast processing times. Title loans are usually processed faster than traditional personal loans, which means you can get the cash you need as soon as possible.
Easy application process. You won’t need to jump through hoops to submit a motorcycle title loan application. The entire application process is simple and straightforward. In fact, you can complete the entire process without ever stepping foot inside a lender’s office.
You can choose how to spend the money. Your lender will not tell you what you can and cannot use the money for if you are approved for a title loan, so long as it is used for legal purposes. It’s your money, so you can spend it your way.
No prepayment penalties. You won’t be penalized for paying off your loan earlier than expected.
Keep riding your bike. You won’t have to sacrifice your motorcycle to get the cash you need. If you are approved for a title loan, you can continue to ride your motorcycle as you normally would.

These are some of the countless reasons why so many people rely on motorcycle title loans to get fast cash.

How to Apply for a Motorcycle Title Loan

Now you should have information to decide if a motorcycle title loan is right for you. Follow these steps to apply for a motorcycle title loan from 1(800)CAR-TITLE®:

Get in touch with a loan officer. Call 1-800-227-8485 to speak directly to a loan officer. You can also submit your information using the form on our website.
Get a free loan estimate*. You can get a free loan estimate in a matter of minutes just by providing your loan officer with some basic information about your motorcycle. Review the details of this loan estimate, including the amount you are approved for and the interest rate, with your loan officer.
Finalize your loan. If you are satisfied with your loan estimate, finalize your loan by signing and submitting the required documentation. Your loan officer can guide you through this step to ensure you know what you need to sign and submit.
Collect your cash. Because title loans are processed quickly, your cash will be available to you shortly after your application is approved. You can pick up your cash in person or have it sent to you via check or wire transfer.

That’s all you need to do to use your motorcycle to get the cash you need to make ends meet.

*Loan approval is subject to meeting the lender’s credit criteria, which include the demonstration of ability to repay the loan. Not all applications will be approved.

What Do I Need for a Title Loan?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 04 Apr 2022 20:56:06 GMT

If you’re struggling to make ends meet due to unemployment, divorce, or unexpected expenses, it’s important to know where to turn when you need fast cash. Many people who find themselves in this situation rely on title loans to get the cash they need as quickly as possible.

A title loan is not like a traditional personal loan. It’s a secured loan that allows you to borrow money by using the title to your vehicle as collateral. You won’t have to hand over your keys once you are approved for a title loan. You can continue to drive your vehicle as you normally would while you make payments, so taking out a title loan won’t negatively impact your daily life.

If you’ve never applied for a title loan before, you may have a lot of questions about how the process works. What are the eligibility requirements? What do I need for a title loan ? Here is everything you need to know to prepare for the title loan application process:

Car Title

The title to your vehicle is used as collateral to secure a title loan, so you must be willing to submit it to your lender during the application process. If you are approved for a title loan, the lender will either hold onto the title or put a lien on it until you have paid off your loan.

If you cannot find the title to your vehicle, let your lender know right away. Your loan officer can help you obtain another copy of your title so you can complete your title loan application.

Your name must be on the title you plan on using as collateral. Your name does not need to be the only name on the title. You can use a title with multiple names on it as long as your name is one of them.

You cannot use a salvage title as collateral to secure a title loan. A salvage title indicates that the vehicle has suffered extensive damage in the past and has been deemed a “total loss” by an insurance company. It is hard to estimate the value of salvage title vehicles, which is why title loan companies do not accept them as collateral.

Credit Check

You must be willing to consent to a credit check if you want to borrow money through a title loan. This does not mean you need perfect credit to qualify for a title loan , though. Your credit is only one factor that will determine your eligibility for a title loan. Title loan companies also consider other factors, including the value of your vehicle and your ability to repay the loan.

You shouldn’t assume that you won’t qualify for a title loan just because your credit isn’t perfect. Title loan companies typically accept most credit types.

Car That Meets Minimum Value Requirement

Your car is used as collateral to secure your loan, so it plays an important role in the title loan application process. To qualify for a title loan, your vehicle must meet your title loan company’s minimum value requirement. This minimum value requirement can vary depending on the title loan company, so it’s best to contact your lender for more information.

During the application process, the title loan company will need to calculate the value of your vehicle to confirm it meets this requirement. The valuation of your vehicle will also impact how much you can borrow. In general, you cannot borrow more than your vehicle is worth.

Title loan companies consider many factors when calculating a vehicle’s resale value, including the make, model, year, mileage, condition, and trim level.

The valuation process varies depending on the lender. Some title loan companies may require you to bring your vehicle in for an inspection, whereas others may send someone to you to inspect your vehicle. There are also title loan companies that will allow you to submit photos of your vehicle instead of getting it inspected. Make sure you understand what options your title loan company offers.

Equity

Owning a vehicle does not automatically make you eligible for a title loan . However, in order to qualify for a title loan, among other requirements, you must also have equity in your vehicle.

The term “equity” refers to the difference between your vehicle’s resale value and the amount you still owe on it. For example, if your vehicle is valued at $10,000 and you owe $3,000 on it, this means you have $7,000 in equity.

If you owe more on your vehicle than it is worth, you do not have equity. For instance, if your vehicle is valued at $6,000 and you owe $7,000 on it, you do not have equity, which means, in most cases, you cannot use this vehicle as collateral to secure a title loan.

You cannot borrow more than the value of your equity. In fact, most title loan companies only allow you to borrow up to a certain percentage of the value of your equity.

Reliable Source of Income

You must have a reliable source of income in order to qualify for a title loan. During the application process, you will need to submit proof of income to the title loan company.

A number of documents may serve as proof of income , including recent tax returns, pay stubs from your employer, or bank statements. Talk to your lender to learn more about the documents they accept as proof of income.

It’s important to note that “proof of income” does not necessarily mean “proof of employment.” You may still qualify for a title loan if you are unemployed as long as you have another source of income such as disability benefits, retirement benefits, alimony, or rental income. You must be able to show proof of this income during the title loan application process.

How to Apply for a Title Loan*

Now you’re ready to get the fast cash you need to make ends meet. Follow these steps to apply for a title loan from 1-800-Car-Title®:

Contact us. Call 1-800-227-8485 or submit your information using the form on our website. If you submit the online form, a loan officer will get in touch with you as soon as possible.
Get a free loan estimate. It only takes a few minutes to get a free loan estimate that tells you if you are approved for a title loan and if so, how much you can borrow and at what interest rate. All you need to do is provide some basic information about your vehicle, including its make, model, year, and mileage. Make sure the information you provide is accurate since it will be used to prepare your free loan estimate.
Complete your application. If you’re satisfied with your loan estimate, finalize your loan by signing and submitting the required documentation. Your loan officer will walk you through this step to ensure you know what you need to sign and submit to complete this step.
Get your cash. Your cash will be available shortly after your application has been approved and processed. You can get your cash at one of our partners’ convenient locations or arrange to have it sent to you directly via check or wire transfer.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

The Benefits of Car Collateral Loans

marcela@contentkarma.com (Marcela De Vivo) — Mon, 28 Mar 2022 20:46:51 GMT

It’s hard to budget for medical emergencies, car accidents, home repairs, and other unexpected expenses, so when these problems do arise, you may need extra cash to make ends meet. If you are in need of fast cash, a car collateral loan might be the solution.

Car collateral loans are not like traditional personal loans. How do they work? What are the benefits? Here’s what you need to know when deciding if this is the right option for you:

How Do Car Collateral Loans Work?

Before learning about the benefits of car collateral loans , it’s important to understand how these loans work.

A car collateral loan, also known as a car title loan or title loan, is a secured loan that uses the title to your car as collateral. Some lenders also accept titles to motorcycles and RVs as collateral.

You won’t have to sacrifice your vehicle in order to borrow money from a title lender. If you are approved for a title loan, you can continue to drive your vehicle while you make payments. Because your vehicle is used as collateral, the lender will either hold onto the title or put a lien on the title until the loan has been paid off. The lender will return your title or remove the lien once your loan is completely paid off.

As long as you make consistent, on-time payments, you will not lose possession of your vehicle. The lender may take possession of your vehicle if you fail to repay your loan.

Why Should You Get A Car Collateral Loan?

Car collateral loans offer a number of different benefits, including:

Fast Processing Times
Easy Application Process
Most Credit Types Are Accepted
Potential to Improve Your Credit Score with On-Time Payments
Spend Your Money Your Way

Fast Processing Times

It can take a long time to apply and get approved for a traditional personal loan. Sometimes, this process can take over a week. If you are short on cash, you probably cannot afford to wait this long to borrow money. Fortunately, you won’t have to if you choose to apply for a title loan instead.

Title loans are known for their fast processing times, which is why they are a good option for borrowers who need cash as soon as possible.

If you want to prevent unnecessary delays, make sure you submit the required documentation and sign the appropriate forms right away. You need to complete the required documentation in order to finalize your loan. The sooner your lender has this paperwork, the sooner they can approve your application and provide you with the money you need.

Easy Application

Borrowers are often expected to jump through hoops to apply for traditional personal loans. The process can be difficult, frustrating, and overwhelming. However, the process of applying for a car collateral loan is simple and straightforward.

You won’t be expected to fill out stacks of paperwork or answer difficult questions. The entire process can be completed online or over the phone, which makes it incredibly easy to secure the cash you need. Plus, a loan officer will be available to guide you through the application process and answer your questions.

Most Credit Types Are Accepted

The eligibility requirements for traditional personal loans and car collateral loans are not the same. To get approved for a traditional personal loan, borrowers must typically meet a minimum credit score requirement established by the lender. This is because traditional personal loans are unsecured, which means they are not supported by collateral. As a result, the borrower’s credit history plays a major role in determining their eligibility for a loan.

Car collateral loans are different. In most cases, you will need to consent to a credit check as part of the title loan application process. But because a car collateral loan is a secured loan, your credit is not the only factor your lender will consider when determining eligibility. The lender will also evaluate other factors, including the resale value of your vehicle and your ability to repay the loan.

Potential to Improve Your Credit Score

Most title lenders report your loan information to the three major credit bureaus, which are Experian, Transunion, and Equifax. Borrowing money from a title loan could cause a slight dip in your credit score at first since you are agreeing to take on more debt. But in the long run, with on-time payments, a title loan could actually improve your credit score.

Your lender will report your title loan payments to the credit bureaus. Your payment history, which documents whether you pay your bills on time, has a huge impact on your credit. In fact, it accounts for about 35% of your credit score.

If you make on-time payments on your title loan, this could improve your credit score over time. Of course, the opposite is also true. Missing payments or making late payments on your title loan could have a negative impact on your credit score.

The bottom line? As long as you are borrowing responsibly, meaning you are only borrowing what you can afford to repay, taking out a title loan might help your credit.

Spend Your Money Your Way

Some loans include rules and restrictions regarding how borrowers can spend their borrowed cash. For example, if you take out a student loan, the money must be spent on education-related expenses such as tuition or textbooks.

However, the only rule about spending the money from a title loan is that it must be used in legal pursuits. The freedom of being able to spend your money your way is one of the biggest advantages of a car collateral loan.

How to Apply for A Car Collateral Loan

Now you should have the information you need to decide if a car collateral loan is right for you. If you’re ready to secure the cash you need, follow these steps to apply for a car collateral loan with 1(800)Car-Title®:

Contact a loan officer. Call 1-800-227-8485 or fill out the form at the top of our website to get in touch with a loan officer.
Get approved. Your loan officer will ask for some basic information about your vehicle, including its make, model, mileage, and year. Then, your loan officer will tell you if you qualify for a car collateral loan, and if so, how much you can borrow. Your loan officer can also provide other details about your loan agreement, including the interest rate and term.
Finish your application. If you are satisfied with the terms of your loan, finalize your application by signing the appropriate forms and submitting the required documentation. Your loan officer will walk you through this process to ensure everything is completed in a timely manner.
Get your cash. You can either pick up your cash at one of our partners’ convenient locations or have the money sent to you via wire transfer or check.

Start your application today so you can get the cash you need as quickly as possible.

How to Get a Title Loan

marcela@contentkarma.com (Marcela De Vivo) — Mon, 28 Mar 2022 20:27:32 GMT

Car accidents, unemployment, home repairs, medical emergencies, and other major life events can throw a wrench in your budget. If your bills are piling up, it’s important to know where to turn to get the fast cash you need to make ends meet.

Many people in this situation rely on title loans to secure fast cash. Title loans are not like traditional personal loans. A title loan is a secured loan that allows you to borrow money by using the title to your vehicle as collateral. Even though your vehicle is used as collateral, you can still drive it while you make payments, so a title loan won’t disrupt your daily life.

If you’ve never taken out a title loan before, you may not be sure where to begin. Are you eligible for a loan? What documents will you need to submit an application? Here’s everything you need to know about how to get a title loan :

What Are the Eligibility Requirements for Title Loans?

The eligibility requirements for title loans are not the same as the eligibility requirements for traditional personal loans. You may be eligible for a title loan if you meet these conditions:

You are at least 18 years old.
You own or share ownership of a vehicle.
You are willing to consent to a credit check.
You have a reliable source of income.
You have equity in your vehicle.

Eligibility requirements may vary slightly depending on the lender. Make sure you check with your title loan company to find out if you qualify based on their specific requirements.

What Will I Need to Apply for a Title Loan?

Every title loan company will ask you to submit certain documents during the title loan application process. You should be prepared to provide:

Your driver’s license or another type of government-issued ID
The title to your vehicle
Recent bank statements, tax returns, pay stubs, or another form of proof of income
Utility bills, a lease agreement, your driver’s license, or another form of proof of residence
Proof of auto insurance

Let the title loan company know if you can’t find the title to your vehicle. Your loan officer can work with you to obtain another copy of your title so you can complete your title loan application as soon as possible.

Some lenders may require additional documentation. Your application cannot be processed until everything has been submitted, so the sooner you send everything to the title loan company, the sooner you can get the cash you need.

How Much Can I Get for a Title Loan?

Title loan amounts can vary depending on several different factors, including:

Your income: Your lender will evaluate your income to determine how much you can afford to repay. This evaluation will impact how much you are approved to borrow.
Your car’s resale value: Because your vehicle is used as collateral, its value impacts how much you can borrow . Your title loan company will calculate your car’s resale value based on its make, model, year, mileage, condition, and trim level.
Your equity: You cannot borrow more than the value of your equity in your vehicle. To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value. You cannot use a vehicle as collateral if you don’t have equity in it, or in other words, if you owe more than your vehicle is worth.
Local laws: There are laws in some states that establish minimum and maximum title loan amounts. If you live in one of these states, these laws could impact how much you can borrow.

It only takes a few minutes to find out how much you can borrow. All you need to do is call your title loan company and ask for a free quote.

Will the Title Loan Company Check My Credit?

You must be willing to consent to a credit check to qualify for a title loan. Your lender will need to check your credit to evaluate your creditworthiness before determining whether you are eligible for a title loan.

However, it’s important to note that you don’t need perfect credit to qualify for a title loan. That’s because your credit is not the only factor that will impact your eligibility. Other factors such as your vehicle’s resale value and your ability to repay the loan will also determine whether you qualify.

Title loan companies typically accept most credit types, so don’t let the thought of a credit check stop you from getting the cash you need.

Can I Get a Title Loan If My Car Isn’t Paid Off?

If you’re still making payments on your car, you may wonder whether you will be able to use your vehicle as collateral for a title loan. Your car does not need to be completely paid off to qualify for a title loan.

Most people with a few payments left on their car loan still qualify for title loans. However, your eligibility will depend on how much you still owe and the value of your vehicle.

Everyone’s situation is unique, so it’s best to contact your title loan company to find out if you qualify even though your car isn’t paid off.

Can I Add a Co-Signer to My Title Loan?

If you aren’t eligible for a title loan on your own, you may want to consider adding a co-signer to your application.

A co-signer is a trusted friend, family member, colleague, or another individual who is willing to agree to pay back the title loan in the event you fail to do so. Adding a co-signer with good credit to your application could improve your chances of getting approved. It could also help you secure a lower interest rate, which will save you money over the course of the loan.

How Can I Get a Loan on a Title?

Now you know the ins and outs of getting a title loan. If you’re ready to get the cash you need, follow these steps to apply for a title loan from 1(800)CAR-TITLE®:

Contact our loan officers. You can either call 1-800-227-8485 to speak to a loan officer directly or submit your information using the form on our website. If you submit the form, a loan officer will reach out to you as soon as possible.
Review your loan estimate. To get a free loan estimate, simply provide some basic information about your vehicle, including its make, model, year, and mileage. Your loan officer will prepare a loan estimate based on this information. Review the terms of the loan estimate to find out if you are approved and if so, how much you can borrow and at what interest rate.
Finalize your loan*. The final step in the application process is signing and submitting the required documentation. Work with your loan officer to ensure you sign and submit everything that is required to process your loan.
Collect your cash. You can get your cash shortly after your application is approved. You can either pick it up in person or wait for it to be sent to you via check or wire transfer.

You’re just a few steps away from getting the cash you need . Contact us today to start your application.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

What is Better Than A Payday Loan?

marcela@contentkarma.com (Marcela De Vivo) — Mon, 28 Mar 2022 20:14:45 GMT

If you need fast cash , you might be tempted to apply for a payday loan. With a payday loan, borrowers are required to repay their loan on their next payday. If you take out a payday loan, the lender will ask you to provide either a postdated check or authorization to automatically withdraw the full balance from your bank account on your next payday.

Fortunately, applying for a payday loan is not the only way to get the cash you need to make ends meet. What is better than a payday loan? Here are some of your options:

Making A Payment Plan

Many people who get payday loans need cash to pay their bills. If you’re in this situation, you may want to consider contacting the creditor to discuss your situation before taking out a loan.

Credit card companies, utility providers, and landlords, for example, might agree to the terms of a payment plan that allows you to make smaller, more manageable payments until your debt has been repaid. Some creditors may even agree to extend the due date of your next payment to give you more time to come up with the cash.

If your creditor agrees to this arrangement, make sure you comply with the terms of the payment plan. Your creditor could impose penalties if you fail to do so.

The worst your creditors can say is no, so it doesn’t hurt to try this option before exploring ways to borrow money.

Asking for A Paycheck Advance

Some employers offer their employees paycheck advances, which are not the same as payday loans. A paycheck advance allows employees to borrow money from their upcoming paycheck. In other words, it involves the employer releasing the employee’s money in advance so they don’t have to wait until payday to get cash.

If you are given a paycheck advance, the money you borrow will be automatically deducted from your next paycheck. Paycheck advances are usually interest-free loans, so you will only need to repay the amount you borrow.

Some employers may not offer paycheck advances at all, whereas others may only offer advances under certain circumstances. The exact terms of paycheck advances vary from employer-to-employer, so make sure you carefully read through the agreement before accepting the cash.

Getting Help From Friends or Family

Sometimes, the best way to get fast cash is to turn to the people who are closest to you for help. If you plan on asking your loved ones for financial assistance, there are a few rules you should follow to ensure the conversation goes as smoothly as possible1.

Make the request in person rather than over the phone or through email or text.
Avoid asking anyone who has recently struggled financially.
Be honest when it comes to explaining why you need the money and what you will be using it for.
Explain what efforts you have made so far to get the money. Tell your loved one how you have worked extra hours, picked up a side gig, or cut back on your expenses.
State the exact amount you want to borrow. Do not leave this number up in the air or tell your loved one that you will take whatever they feel comfortable letting you borrow. Be specific.
Put a repayment plan in writing. The plan should outline how often you will make payments, the size of each payment, when the payments will begin, and how long you have to repay the loan in full. If you agree to pay interest to sweeten the deal, include these details in your plan as well. Everything should be in writing to reassure your loved one that you are taking the loan seriously.

You might feel uncomfortable asking your loved ones for such a big favor, but this could be the easiest, fastest way to get cash.

Utilizing A Peer-to-Peer Lending Service

Peer-to-peer lending services are platforms that match borrowers with individual investors. An investor who signs up for this type of service can review loan requests from borrowers to determine which one, if any, they want to fund.

There are a number of different peer-to-peer lending services, including Upstart, PeerForm, Prosper, and Funding Circle. Each of these services has different terms for borrowers and investors, so do your research to determine which one is right for you.

For example, each peer-to-peer lending service has established different minimum and maximum loan amounts. Make sure you choose a service that will be able to provide you with the full amount you need.

The minimum credit score requirement can also vary from service-to-service. Some peer-to-peer lending services only work with borrowers with established credit histories and good credit scores.

There’s no guarantee that you will be able to find an investor who is willing to lend you money via a peer-to-peer lending service, but if you do, you may be able to quickly obtain the cash you need.

Borrowing From Your Retirement Account

About one-third of working adults in the U.S. are currently saving for retirement in a 401(k). If you currently have a 401(k), consider borrowing from it in the event you need to get cash fast.

Borrowing from your retirement account is similar to borrowing from a lender. You will need to repay the money you borrow and you will be charged interest for borrowing it, too. However, the money you repay will go back into your retirement account. This includes your interest payments. Every dime will go back to your account, so you’re not actually losing the money, but rather saving it for the future.

You are usually allowed to borrow up to 50% of your account balance with a maximum of $50,000 in a 12-month period. You are typically given five years to pay the loan and interest back, but the terms may vary depending on your employer’s plan.

It’s important to note that borrowing is not the same as withdrawing from a 401(k). If you borrow, you will not need to pay taxes or incur penalties on the money taken from your retirement account. You will have to pay taxes and additional fees on money that is permanently withdrawn from your account, though. For this reason, borrowing is a much better option than withdrawing.

Using Your Credit Card

If you need cash to cover an unexpected expense , using your credit card is a better option than taking out a payday loan. You will be charged interest on this purchase, but credit card interest rates are much lower than payday loan interest rates.

Plus, you will be given more time to repay it if you charge it to a credit card. On the other hand, a payday lender typically requires you to repay your loan in full within a few weeks.

Think about opening a credit card if you don’t have one already. You don’t need to have perfect credit to get approved for a credit card, so don’t let this hold you back2. However, if you decide to open a credit card, make sure you use it responsibly. You should only charge purchases to your credit card that you can afford to repay over time.

Another option is using your credit card to get a cash advance. Taking out a credit card cash advance allows you to borrow against your credit card to get fast cash. You may be able to use an ATM to quickly get cash through a credit card advance. The interest rates on credit card advances are higher than the interest rates on standard credit card purchases, but they are still lower than the rates for payday loans.

Applying for A Title Loan

If you own a car, truck, SUV, RV, or motorcycle, applying for a title loan might be the best option for you. A title loan is a secured loan that uses the title to your vehicle as collateral. You won’t need to give up your vehicle to get cash through a title loan. The title lender will put a lien on the title until your loan has been completely paid off. You can continue to use your vehicle as you normally would.

You may qualify for a title loan even if you weren’t approved for a traditional personal loan due to your credit. Your lender will consider your credit when reviewing your application for a title loan, but credit is only one factor that will determine your eligibility . Other factors, including the value of your vehicle and your ability to repay the loan, also affect your eligibility. Because of this, most credit types are accepted by title lenders.

If you are ready to get the cash you need, apply for a title loan with 1(800)Car-Title® today. It only takes a few minutes to find out if you qualify for a loan and if so, how much you will be able to borrow .

1 Note that borrowing money from friends or family may have some adverse consequences.

2 Not all credit card applications are approved.

Where Can I Get A Title Loan Near Me?

marcela@contentkarma.com (Marcela De Vivo) — Sun, 06 Mar 2022 20:02:08 GMT

If you’re in need of fast cash, you may think you won’t be able to secure the money you need to make ends meet, but that’s not necessarily true. If you own a vehicle, you may be able to get the cash you need by applying for a title loan.

A title loan is a type of secured loan that allows you to borrow money by using the title to your vehicle as collateral. You won’t need to give up your vehicle to get a title loan. You can continue to drive it while you make payments. In the meantime, the title loan company will hold onto your title or put a lien on it until your debt has been repaid.

Title loans usually have fast processing times, which is why many people rely on them when they need cash right away. If you’re considering this option, your first question might be, “ Where can I get a title loan near me ?” Fortunately, you don’t need to travel very far to get a title loan. In fact, you can apply for a title loan online from the comfort of your home. Here’s what you need to know about online title loans:

The Benefits of Getting Title Loans Online

There are many reasons why people prefer getting title loans online rather than in-person at a lender’s office, including:

Convenience: Applying for a loan in person is not always convenient. You often need to make an appointment in advance, travel to the office, and wait for a loan officer to meet with you. You can avoid these problems by applying for a title loan online. You can complete the entire process without leaving home, which makes it far more convenient than applying for a loan in person.
Self-paced: Because the process occurs online, you won’t have to worry about a loan officer standing over your shoulder and making you feel rushed or uncomfortable. The entire title loan application process can be completed at your own pace.
Open 24/7: If you apply for a loan in person, you will need to do so during the lender’s normal business hours. This can be difficult if you work odd hours. Luckily, you can apply for a title loan online at any hour. Online title loan applications can be submitted 24 hours a day, 7 days a week.

Even though you complete the process online, you won’t be alone. You can reach out to a loan officer at the title loan company at any point in the process to ask questions or voice your concerns.

How Much Can I Get for a Title Loan?

Title loan amounts can vary depending on a number of factors, including:

Your income
Your vehicle’s resale value
Your equity in your vehicle

Your Income

The title loan company will ask you to submit proof of income during the application process. This is because the title loan company wants to confirm you have a reliable source of income that you can use to repay your title loan.

Your lender will also analyze your income to determine how much you can afford to repay. The results of this analysis will impact how much you are approved to borrow .

Your Vehicle’s Resale Value

Because your vehicle is used as collateral, it’s important for the title loan company to know how much it is worth before determining how much you can borrow.

During the application process, the title loan company will calculate your vehicle’s resale value based on several factors, including its make, model, year, condition, mileage, and trim level.

Your Equity in Your Vehicle

You must have equity in your vehicle to qualify for a title loan . To calculate your equity, subtract the amount you still owe on your vehicle from your vehicle’s resale value.

For example, if your vehicle is worth $10,000 and you owe $2,000, this means you have $8,000 in equity.

You usually cannot borrow more than the value of your equity for a title loan.

What Will I Need to Apply for Title Loans Near Me?

If you’ve never applied for a title loan before, you may not know whether you qualify for a title loan or what you will need to submit an application to a title loan company. Every title loan company may have different eligibility requirements and submission guidelines, but in general, you may qualify if you meet these conditions:

You are at least 18 years old.
You own or partially own a vehicle, which means your name is on the title.
You have equity in your vehicle.
You are willing to consent to a credit check.
You have a reliable source of income.

The title loan company will likely ask you to submit certain documents during the title loan application process, including:

Your driver’s license or another form of government-issued ID
The title to your vehicle
Proof of auto insurance
Proof of income such as recent bank statements, tax returns, or pay stubs
Proof of residences such as your driver’s license, utility bills, or lease agreement

The title to your vehicle is used as collateral to support your title loan, so it is perhaps the most important document that is submitted in the application process. If you can’t find your title, let your lender know right away. Your loan officer can help you obtain another copy from the Department of Motor Vehicles (DMV) in your state.

Remember, these requirements can vary depending on the lender. Be sure to talk to your lender to learn more about their specific eligibility requirements and application process.

How to Apply for Title Loans Online

Don’t wait any longer to get the cash you need. Follow these steps to apply for an online title loan with 1(800)Car-Title®:

Contact a loan officer. There are two ways to get in touch with a loan officer to start the application process. You can either call 1-800-227-8485 to speak to a loan officer directly or submit your information using the form on our website. If you submit an online form, a loan officer will contact you as soon as possible.
Get a free loan estimate. Your loan officer will ask you some basic questions about your vehicle. For example, you will need to provide the make, model, mileage, and year. Your loan officer will prepare a free loan estimate based on this information. The loan estimate will tell you if you are approved for a title loan and if so, how much you can borrow and at what interest rate. If you have questions about your free loan estimate, don’t hesitate to ask your loan officer.
Sign and submit documentation. If you would like to finalize your loan, you will need to sign and submit the required documentation. Your loan officer will go over the documentation requirements with you and help you understand the best ways to submit your documents.
Get your cash. If your application has been approved*, your cash will be available shortly after. Once it’s available, you can either pick up your cash in person at one of our convenient locations or ask to have it sent to you directly via check or wire transfer.

The application process is simple and straightforward. The best part? You can complete the entire process without leaving home. Call or submit an online form now to get started.

*Loan approval is subject to meeting the lender's credit criteria, which includes the demonstration of the ability to repay the loan. Not all applications will be approved.

Do Title Loans Build Your Credit?

marcela@contentkarma.com (Marcela De Vivo) — Sun, 06 Mar 2022 19:35:23 GMT

Your “credit” refers to your ability to borrow money under the condition that you will repay it with interest in the future. Having good credit is important. Your credit score can impact your ability to buy a house, finance a new car, or secure student loans to get a higher education. A solid credit score can also make it easier to pass background checks conducted by potential employers or landlords.

There’s no doubt that credit plays a huge role in your life. Before making any financial decision, it’s important to consider how your choice will impact your credit. For this reason, if you are thinking about taking out a title loan, you need to learn how this decision could affect your credit. Do title loans build your credit ? Do title loans hurt your credit? Here’s what you need to know:

Can You Get A Title Loan With Bad Credit?

The first question on your mind might be, “ Can I get a title loan with bad credit ?” You typically need to meet a minimum score requirement to qualify for a traditional personal loan. However, title loans are not traditional personal loans, so the eligibility requirements are not the same.

You will need to consent to a credit check as part of the title loan application process. The lender will evaluate your credit when determining your eligibility. However, your credit isn’t the only factor that is used to determine if you are eligible for a title loan.

Remember, a title loan is secured by the title to your vehicle. Because of this, the title loan company will consider your vehicle’s value when determining your eligibility for a title loan. Other factors, including your ability to repay the loan, can also impact your eligibility.

Because your credit isn’t the sole factor that determines your eligibility, you may still qualify for a title loan even if your credit isn’t perfect. In fact, many people who don’t qualify for traditional personal loans due to their credit can still qualify for title loans.

Title loan companies accept most credit types, so don’t let a less-than-perfect credit score or your fear of a credit check stop you from getting the money you need.

Do Title Loan Companies Report to Credit Bureaus?

A credit bureau, which is also known as a credit reporting agency, is a company that is responsible for collecting consumers’ credit information. Lenders can pay to access this information when determining whether a specific applicant is eligible for a loan. The three main credit bureaus are TransUnion, Equifax, and Experian.

If you’re thinking about taking out a title loan , you may be wondering whether your lender will report your loan information to the credit bureaus. Your title loan company will likely report your information, which means the payment history on your title loan will likely appear on your credit report. Not only will it appear on your credit report, but it could also impact your credit.

What Factors Can Impact Your Credit Score?

To understand how a title loan can impact your credit, it’s important to learn how credit scores are calculated. A number of factors can impact your credit score , including:

Payment history: Your payment history is your record of paying your credit accounts. Missed or late payments can negatively impact your score. This accounts for 35% of your credit score, which makes it the most important factor in credit scoring.
Credit usage: This is a measure of how much of your available credit you are currently using on your revolving accounts such as credit cards. Using more than 30% of your total available credit can negatively impact your score. This factor accounts for 30% of your credit score.
Age of credit accounts: This refers to how long your current credit accounts have been active. Having credit accounts that have been open a long time indicates that you are a responsible borrower. The higher the average age of your credit accounts, the higher your credit score might be. This factor accounts for 15% of your credit score.
Credit mix: Your credit mix is a measure of the diversity of your credit accounts. Ideally, you should have a healthy mix of installment credit and revolving credit accounts. The more diverse your accounts are, the higher your score might be. This accounts for 10% of your total score.
Hard inquiries: Every time you apply for a new line of credit, it is likely that the prospective lender will conduct a credit check, which shows up as a hard inquiry on your credit report. Having a lot of hard inquiries appear in a short amount of time indicates that you are in financial trouble, which can negatively impact your credit. This accounts for 10% of your score.

Each of these factors can impact your overall credit score.

How Can Title Loans Impact Your Credit?

At this point, you should have a basic understanding of how your credit score is calculated. Now it’s time to learn how a title loan can impact each of the factors that are used to calculate your credit score.

Payment history: It’s crucial to make on-time payments on your title loan. Doing so will improve your payment history, which could improve your overall credit score over the course of your loan. Remember, this accounts for 35% of your credit, so it has a huge impact on your score. Missing or making a late payment could lead to a significant drop in your credit score.
Credit usage: Because a title loan is not a revolving credit account, it will not affect your credit usage.
Age of credit accounts: Taking out a title loan will add a new credit account to your credit history. Because this is a new account, it will lower the average age of your credit accounts, which could negatively impact your credit . However, it only accounts for 15% of your score, so the impact should be small.
Credit mix: Taking out a title loan may or may not increase the diversity of your credit accounts. If it does make your credit accounts more diverse, this could slightly improve your credit score.
Hard inquiries: The title loan company will likely perform a credit check when processing your application, so a new hard inquiry will appear on your credit report. This may cause your score to take a slight dip, but since hard inquiries only account for 10% of your score, it shouldn’t have a huge impact.

The Bottom Line: Do Title Loans Hurt Your Credit?

The bottom line is that a title loan will impact your credit. Taking out a title loan could cause a slight drop in your score, but should be temporary. In the long run, your actions will determine whether your loan has a positive or negative impact on your credit.

If you want to build your credit, it’s crucial to make consistent, on-time payments on your title loan. Making a late payment or missing a payment altogether could negatively impact your score. To protect your credit, do not make the mistake of borrowing more than you can afford to repay.

You should also make sure you understand when your payments are due and how to make payments. This way, you won’t accidentally miss a payment or make a late payment due to a simple misunderstanding.

How to Make Money with the Gig Economy

marcela@contentkarma.com (Marcela De Vivo) — Mon, 28 Feb 2022 16:55:33 GMT

The gig economy is bustling. Sixteen percent of U.S. adults have used these nontraditional job opportunities to earn money. What is the gig economy, and how can individuals embrace it for a little extra cash?

Pew Research denoted the gig opportunities as those affiliated with online platforms like Uber, Lyft, Instacart, etc. Online platforms also could guide freelance writing work or other side gigs, too. The gig economy is made up of freelance opportunities; these are not jobs that denote workers as employees. Here’s how to make money with the gig economy when an individual needs some extra cash :

Become a delivery driver
Offer rideshare services
Rent a home for vacationers with Airbnb
Offer cleaning services
Handle the tasks/errands of others

What to Know about Being a Gig Worker

There are a few important tips that all individuals need to know before delving into the gig economy. When an individual becomes a gig worker, they are independent contractors or freelancers for the company.

Gig Workers and Taxes

A gig worker is not an employee, and this comes with both benefits and downsides. As an independent contractor, an individual is responsible for paying their own taxes. State and federal taxes are not withheld from payments. Individuals will need to pay these and any other applicable taxes.

When working in the gig economy, individuals can consult with a certified public accountant or tax professional to help them understand their tax responsibilities including quarterly payments. Gig workers also could be responsible for other taxes, too. A tax pro can help gig workers understand all the tax responsibilities, including any applicable sales tax they might need to charge.

Gig Workers and Insurance

Driving for a rideshare service might seem like a great way to earn extra cash, but drivers will need to check their insurance coverage before driving. Typical auto insurance might not cover rideshare work , and drivers might need to purchase extra insurance. Before letting a passenger into the backseat, gig workers should make sure they are properly insured.

Other gigs might require other insurance like general liability coverage. When an individual isn’t an employee, they may face the liabilities that the company would normally absorb. Look into any insurance needs before ‘gigging!’

Finding the Best Gig Opportunity

There are many gig options for those who need extra cash . Finding the best opportunity might depend on the individual’s interest and the time they have for their side gig. The amount of money an individual can earn from the gig also can vary. Some might only earn a small amount, others may do well in their side gig.

Here’s what to know about the different gigs available:

Delivery Drivers

There are many companies that let individuals sign up to be delivery drivers, and each one might have a different delivery focus. For example, Instacart drivers shop for and deliver groceries. Uber Eats and GrubHub drivers pick up food for customers from restaurants and deliver it to their home. With these gigs, drivers also could earn money from tips as well as on the actual delivery.

There are also companies that hire drivers to serve as couriers to deliver other goods to clients. These opportunities, though, might be advertised via job sites.

Offer Rideshare Services

Lyft and Uber are two of the most popular rideshare services across the country. Individuals can sign up to be a driver and start earning money by picking up passengers and taking them to their destination. Some companies also may provide a vehicle (the driver has to pay rental costs , though).

What a driver earns via these services might depend on their reliability and other factors, too. Passengers can typically rate drivers, and these ratings can impact a driver’s popularity. A clean car, professional demeanor and, of course, knowledge of the area, could all impact a passenger’s experience.

How much a driver makes on these gigs also could depend on how often they drive. However, as with most gig opportunities, rideshare drivers set their own schedule. For individuals who need a side job, rideshare driving could allow them to create a flexible schedule.

Those driving for these services, though, also need to pay their own gas, and, of course, any additional insurance costs.

Offer a Home on Airbnb

Even a home can be used to earn some extra cash. Some individuals opt to open up their home as an Airbnb . While some homeowners open up their entire home for a rental experience on Airbnb, others might offer a room with a shared kitchen, an area for camping or even another space.

Before offering up any space on a site like Airbnb, homeowners need to be sure that there aren’t any laws or guidelines forbidding this. For example, some Homeowners Associations might have rules against renting property in the neighborhood.

Offer Cleaning Services

Not squeamish about cleaning up another individual’s home or messes? Sign up to be a residential cleaner and offer up the service. There could be many gig sites that allow individuals to post their services or to offer up their services.

Be prepared to go through a background check, though!

Do Errands for Others

Even other odd jobs can lead to money via the gig economy. Individuals can offer to assemble furniture, rake leaves or handle the errands of others.

Sites like TaskRabbit let individuals offer up services like hanging pictures, painting, and arranging furniture or even get paid to wait in line for someone! Love gardening or raking leaves? Some homeowners really don’t have time for this work; try offering up the service!

Freelancers with a Specific Focus

Some individuals also have specific skills that can lead to more gig opportunities. Writers can sign up for gig work on sites that focus on freelance writing opportunities. Graphic designers also could utilize the gig economy to make extra cash.

However, if a writer or designer also is working for a company as an employee doing these services, they should talk to their employer before freelancing on the side. There could be a conflict of interest or other issues.

Finding the Best Gig

When money is tight , individuals might look for a second job to make ends meet. The gig economy also can be a flexible opportunity for earning extra cash. Finding the best side gig, though, really depends on the individual’s interests, their schedule and maybe their cash flow needs, too.

Driving for a rideshare or delivery service adds fuel costs; individuals also will need to consult with their insurance carrier to find out if additional coverage is necessary. Extra insurance could take away from earnings.

Other individuals might find that offering up their home or space for rental could be an easy way to earn extra cash. Upkeep of the space, though, is necessary to ensure that guests feel welcome. In addition, not all areas or Homeowners Associations permit renting property.

One of the easiest gigs for those who need extra cash might be to offer up services to others. Rake someone’s yard, cut their grass, clean their home or just offer to wait in line. There are many unique ways that individuals can earn extra cash.

Individuals who are in creative fields like writing, photography or graphic design also could find opportunities that allow them to make money on their talents.

Before signing up for any gig, though, make sure to understand all the tax responsibilities and check with employers to make sure that the gig doesn’t offer up any conflicts or violate any employment contractual agreements.

Can I Get A Title Loan Online?

marcela@contentkarma.com (Marcela De Vivo) — Sun, 27 Feb 2022 19:22:35 GMT

A title loan is a type of secured loan, which means it is supported by collateral. If you need fast cash, you can use the title to your vehicle as collateral to borrow money through a title loan . Because title loans are typically processed quickly, they’re ideal for people who don’t have time to go through the process of applying for a traditional loan.

If you’re considering applying for a title loan, you might be wondering where you need to go to submit an application. You might be thinking, “Will I need to visit my lender’s office or can I get a title loan online?” Fortunately, you can complete the entire title loan application process without ever leaving home. Here’s what you need to know about online title loans:

Am I Eligible for a Title Loan?

You must meet certain conditions to qualify for a title loan. The eligibility requirements can vary depending on the lender, but in general, you may qualify for a title loan if:

You are at least 18 years old.
You own or partially own a vehicle, which means your name is on the title.
You have equity in your vehicle.
You consent to a credit check.
You have a reliable source of income.

Many people worry that they won’t qualify for a title loan if they don’t have a perfect credit score, but that’s not the case. You will need to consent to a credit check to apply for a title loan, but your credit is only one factor that the lender will consider when determining your eligibility. Title loan companies typically accept most credit types, so you shouldn’t let your fear of a credit check stop you from getting the cash you need.

What Do I Need to Apply for Title Loans Online?

Every lender will ask you to submit certain documentation when applying for a title loan . You should be prepared to submit:

Your driver’s license or another form of government-issued ID;
The title to your vehicle;
Proof of residence, which may include your driver’s license, lease agreement, mortgage, utility bills, or other relevant documents;
Proof of income, which may include recent tax returns, bank statements, pay stubs, or other relevant documents; and
Proof of auto insurance.

Some lenders may require additional documentation. Make sure you work closely with your loan officer to ensure you submit everything your lender needs to process your application. The sooner you submit this documentation, the sooner you can get the cash you need.

Let your loan officer know if you can’t find the title to your vehicle. Your loan officer can help you obtain another copy so you can complete your submission as soon as possible.

How Much Can I Get With an Online Title Loan?

Title loan amounts can range from $2,000 to $30,000. The amount you are approved to borrow will depend on several factors, including:

Your income: No title loan company wants to lend a borrower more than they can afford to repay. For this reason, your lender will analyze your income to determine how much you can afford to repay. This analysis will impact how much you are approved to borrow.
Your vehicle’s resale value: Your vehicle is used as collateral, so your lender needs to know how much it is worth before determining how much you can borrow. Your lender will calculate your car’s resale value based on its make, model, year, condition, mileage, and trim level.
Your equity: You cannot borrow more than the value of your equity in your vehicle. To calculate your equity, subtract the amount you owe on your vehicle from your vehicle’s resale value.
Local laws: Some states have laws that establish minimum and/or maximum title loan amounts. If you live in one of these states, these laws will impact how much you are able to borrow through a title loan.

If you want to know how much you will be able to borrow, contact your title loan company and ask for a free quote.

Will I Need to Bring In My Car If I Apply for a Title Loan Online?

The title loan company will need to calculate your car’s resale value during the application process. Some title loan companies ask borrowers to bring their vehicle in for an inspection after submitting an application. Others, however, will arrange to have your vehicle inspected at your home, workplace, or another convenient location.

Your title loan company may also choose to calculate the value of your vehicle based on photographs you submit during the application process. If your title loan company offers this option, you won’t need to bring your vehicle anywhere for an inspection.

Talk to your title loan company to learn more about the valuation process. If you don’t want to bring your vehicle in for an inspection, ask your lender if they will accept photographs of your vehicle instead.

How Quickly Can I Get Cash If I Apply for an Online Title Loan?

If you need fast cash, you may be eager to find out how long it will take to get money when you apply for a title loan online.

Title loans are usually processed more quickly than traditional personal loans, which is why so many people rely on them to get cash fast. The amount of time it takes to get cash after applying for a title loan will vary on a case-by-case basis.

If you want to get your cash quickly, it’s important to submit everything your lender needs right away. Your application cannot be processed until the required documentation has been submitted, so sending everything to your lender as soon as possible will help you avoid unnecessary delays.

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Where is the Best Place to Get A Title Loan?

marcela@contentkarma.com (Marcela De Vivo) — Wed, 02 Feb 2022 22:30:42 GMT

If you need fast cash, you may want to consider taking out a title loan. Title loans are secured loans that allow borrowers to obtain cash by using the title to their vehicle as collateral. Unlike traditional personal loans, title loans are known for their fast processing times, which is why they are ideal for borrowers who need cash right away.

If you’re short on cash, a title loan might be the solution. But before you can collect your money, you first need to decide which lender to do business with.. Where is the best place to get a title loan? What should you look for when choosing a title loan company? Here’s what you need to know:

What to Look for When Choosing A Title Loan Company

All title loan companies are not created equal. If you’re thinking about applying for a title loan, look for a title loan company with these important qualities:

Established Business
Proper Credentials
Easy Application Process
No Prepayment Penalties
Flexible Terms and Competitive Rates
Excellent Customer Service
Convenient Payment Options

Established Business

It’s best to find an established lender that has experience with title loans. Remember, title loans are not the same as traditional personal loans, so choosing an experienced lender is important.

Find out how long the title loan company has been in business and how long they have been issuing title loans. The longer the title loan company has been in business, the better. Being in business for a long period of time indicates that the title loan company has successfully helped countless customers. Plus, you shouldn’t have trouble finding online reviews of a company that has been around for a long time, so this will make researching your options easier.

Proper Credentials

You should avoid applying for a title loan with a lender that does not have the proper credentials. The licensing and registration requirements for title loan companies can vary from state-to-state. Research what a title loan company needs to legally operate in your state. Then, look for a title loan company that has these credentials.

Title loan companies should be more than happy to discuss their credentials with you, so don’t be afraid to ask them questions. If they aren’t willing to provide this information, that could indicate that they have not obtained the proper credentials.

Easy Application Process

Applying for a traditional personal loan is exhausting. You may need to visit a lender in person, fill out stacks of paperwork, spend hours tracking down specific documentation, and then wait days or even weeks to find out if you are approved.

Applying for a loan shouldn’t be a chore. Look for a title loan company that offers a simple and straightforward application process. Find a lender that allows you to apply for a title loan over the phone or online, which is far more convenient than applying for a loan in person. You should also choose a lender that clearly explains what steps you will need to take to submit an application. This way, you know exactly what to expect when you are ready to apply.

No Prepayment Penalties

Paying off your title loan earlier than expected is a smart financial decision because the sooner you pay off your title loan, the less you will have to pay in interest. Unfortunately, some title loan companies charge borrowers prepayment penalties, which are fees that penalize borrowers for paying off their loans early.

You shouldn’t be penalized by your lender for being financially responsible. If you plan on paying off your loan as soon as possible, look for a title loan company that does not charge prepayment penalties. Read the fine print of your title loan agreement carefully to ensure it does not include a prepayment penalty or any other additional fees.

Excellent Customer Service

You should avoid doing business with a title loan company that doesn’t value you as a customer, which is why it’s so important to look for a lender that provides excellent customer service.

Find out how you can get in touch with the title loan company if you have questions or concerns during the application process. Is there a phone number you can call to speak to someone directly? Or will you need to wait hours or days for a response?

Choose a title loan company that is happy to answer your questions, address your concerns, and provide more information on title loans in general. This will make the entire process of taking out a title loan much easier for you.

Convenient Payment Options

You shouldn’t have to jump through hoops to make a title loan payment. If making a payment is difficult, you may accidentally miss a payment, which could negatively impact your credit score. To avoid this problem, look for a company that offers a variety of convenient payment options.

You should be able to make a payment online or over the phone with your debit/credit card or bank account. Ideally, you should also be able to make a payment by mailing a check or money order to the title loan company. You may also get the opportunity to sign up for auto pay, which means the payments will be automatically deducted from your account on the agreed upon due dates.

Flexible Terms and Competitive Rates

Finally, look for a title loan company that offers competitive rates and flexible terms. Ask for quotes from multiple title loan companies so you can compare rates and other loan terms. The lower the interest rate, you will likely pay less over the course of the loan.

The interest rate isn’t the only thing you should focus on when comparing quotes from various lenders. You should also pay attention to the loan term, which is the length of the loan, payment amount, and payment frequency. Read the quote carefully to look for hidden fees that could drastically increase the total cost of your title loan. Reviewing these factors will make it easier to choose the right title loan company for you.

How to Apply for A Title Loan From 1(800)Car-Title®

Your search for the best place to get a title loan is over. If you’re ready to apply for a title loan from 1(800)Car-Title®, follow these steps:

Start the application process. Call 1-800-227-8485 to speak to a loan officer directly. Or fill out the form on our website and a loan officer will contact you shortly to inform you of your approval status.
Get approved. Provide your loan officer with some basic information about your vehicle, including the make, model, year, and mileage. Your loan officer will use this information to prepare a free quote, which will tell you how much you are approved to borrow and at what interest rate.
Sign and submit documentation. You will need to sign and submit certain documentation to finalize your title loan. Your loan officer will walk you through this process to ensure you know exactly what you need to do to complete your application.
Collect your money. If approved, your money will be available soon after your application is approved. You can choose to pick up your cash at one of our convenient locations or have it sent to you via check or wire transfer.

1(800)Car-Title® makes it easy to get a title loan. Contact us today to get started.

Loan approval is subject to meeting the lender’s credit criteria, which include demonstration of ability to repay the loan. Not all applications will be approved.

Do Title Loans Help Your Credit?

Wed, 02 Feb 2022 09:00:00 GMT

Financial problems can arise for a number of reasons, including unemployment, health problems, or changes in your household such as a divorce or new baby. Regardless of the cause of your financial trouble, it’s crucial to know how to get the cash you need fast. Some people may tap into their savings or borrow from a close friend or family member in this situation. If you don’t have these options, you may want to consider a title loan instead.

It’s important to learn how taking out a title loan could impact your financial situation, or more specifically, your credit.

Do title loans help your credit? It depends. Here’s what you need to know:

How Do Title Loans Work?

Title loans are not like traditional personal loans. A title loan is a secured loan, which means it is supported by collateral. To obtain a title loan, you must use the title to your car, truck, SUV, motorcycle, or RV as collateral .

This doesn’t mean you need to give up your vehicle in order to get the cash you need. You aren’t handing over the keys to your vehicle–you are simply using the title to your vehicle as collateral.

Your lender will put a lien on the title while you repay your loan. In the meantime, you can continue to drive your vehicle as you normally would . Your lender will remove the lien once your loan has been completely paid off. But if you fail to repay your debt, your lender has the right to take possession of your vehicle.

The amount you are able to borrow through a title loan will vary depending mainly on the value of your vehicle. Because your vehicle is used as collateral, you cannot borrow more than it is worth. Your lender will calculate the value of your vehicle by evaluating its make, model, age, condition, and mileage.

The title loan application process is simple and straightforward. Plus, title loans are typically processed quickly, which is why they are ideal for people who are in need of fast cash . If you are approved for a title loan , you can spend the cash on anything you need.

Will Your Lender Check Your Credit For A Title Loan?

Before learning how a title loan can impact your credit, you should understand the role your credit plays in determining your eligibility for a title loan.

Your title lender will ask you to consent to a credit check when you apply for a title loan. In other words, yes, your lender will check your credit when determining your eligibility for a title loan. A credit check is required because it allows your lender to review your credit history and assess your creditworthiness, which is a measure of how likely it is that you will default on your loan.

Can You Get A Title Loan With Bad Credit?

Traditional lenders typically establish minimum credit score requirements for borrowers . If your credit score falls below this minimum, you won’t get approved for a traditional loan. However, you may still get approved for a title loan even if you are not approved for a traditional loan due to your credit score.

It’s true that your lender will consider your credit when determining whether you qualify for a title loan. But your credit is only one factor that will impact your eligibility , which means a less-than-perfect credit score won’t necessarily make you ineligible.

The two main factors that are used to determine eligibility for a title loan are the value of your vehicle and your ability to repay the loan . The value of your vehicle is especially important since it is used as collateral to support your loan.

To put it simply, most credit types are accepted by title lenders , so don’t let an imperfect credit score stop you from applying.

How Are Credit Scores Calculated?

To understand how title loans impact your credit, you must first learn how credit scores are calculated.

A credit score is a number that ranges from 300 to 850 . The higher the number, the better the credit score, and the more creditworthy you are. The ranges are defined as follows:

There are five main factors that can impact your credit score, and some of them have a bigger impact on your overall score than others.

Credit bureaus constantly re-evaluate these factors to keep your credit score as updated as possible at all times . Because of this, your credit score may change frequently depending on your credit activity.

Do Title Loan Companies Report to Credit Bureaus?

There are three major credit bureaus: Equifax, Experian, and Transunion. These credit bureaus provide credit reports to lenders and creditors , who use the information to assess consumers’ creditworthiness. The credit bureaus do not decide whether you are approved for a loan or new line of credit. This decision is made solely by lenders and creditors. The credit bureaus are only responsible for compiling the information and providing it to them.

The information in these credit reports is provided by third parties, including creditors and lenders.

For example, if you open a new credit card, the credit card company will let the credit bureaus know that you have opened a new line of credit. The credit card company will also send the credit bureaus information on your payment history and the status of your account on a regular basis. The credit bureau then factors this information into the calculation of your credit score.

To put it simply, any information that is reported to the credit bureaus will impact your credit score .

Most title loan companies report to all three credit bureaus. This means information about your loan, including when you take out the loan, how much you borrow, your payment history, and the status of your debt, will be included on your credit report and factored into the calculation of your credit score.

How Will A Title Loan Impact Your Credit?

A title loan can impact your credit in several ways. First, it’s important to understand that taking out any type of loan can initially cause your credit score to drop. This is because you are incurring additional debt. Furthermore, your title lender will most likely perform a hard inquiry to check your credit during the application process.

This isn’t the only way that a title loan will impact your credit. Remember, title loans report back to the three credit bureaus, and the information they send will be factored into your credit score. This information includes your payment history, or more specifically, whether you are making on-time, consistent payments. If you make timely payments on your title loan, your credit score may improve. This could have a significant impact since your payment history accounts for 35% of your total credit score.

Taking out a title loan could also affect your credit mix, which is the diversity of your credit portfolio. A title loan may diversify your credit mix, which could improve your credit score . But if your credit portfolio is already diverse, taking out a title loan may not change your credit mix.

What to Remember About Title Loans and Your Credit

If you want to protect or improve your credit after taking out a title loan, the key is making on-time payments. Missing or making a late payment could negatively impact your credit score. But if you make all payments in a timely manner, you may see an increase in your credit score over the course of the loan.

The post Do Title Loans Help Your Credit? appeared first on (EN) 1(800) Car-Title® .

Do Title Loans Go On Your Credit?

Wed, 02 Feb 2022 09:00:00 GMT

If you need fast cash , a title loan might be the solution. Title loans are short-term, secured loans that allow borrowers to use the title to their vehicle as collateral. Title loans are typically processed faster than traditional loans, which is one of the many reasons why they are ideal for people who need cash right away.

But if you’re planning on taking out a title loan, it’s important to understand how this decision will impact your credit. Do title loans go on your credit ? Will a title loan hurt or help your credit score? Here’s everything you need to know:

Can You Get A Title Loan With Bad Credit?

If your credit isn’t perfect, you may be wondering whether you are even eligible for a title loan. There are typically minimum credit score requirements that you must meet when applying for a traditional personal loan. However, a title loan is not a traditional personal loan, so the eligibility requirements are different.

You will need to consent to a credit check when you apply for a title loan, which means your lender will consider your credit history when determining your eligibility. But your credit is only one factor that the title loan company will consider. Other factors, including the value of the vehicle you are using as collateral and your ability to repay the loan, will also impact your eligibility.

The bottom line? You don’t need perfect credit to qualify for a title loan . Most credit types are accepted by title loan companies , so don’t let a less-than-perfect score stop you from applying for a title loan.

Do Title Loan Companies Report to Credit Bureaus?

Title loan companies report to the major credit bureaus. These credit agencies are responsible for collecting consumers’ credit information and using it to create detailed credit reports that lenders can access for a fee.

Title loan companies send various types of information about your loan to the major credit bureaus. If you are approved for a loan, the title loan company will report the amount you borrow to the credit bureaus, so this new loan will appear on your credit report. The title loan company will also report your payment information to the credit bureaus, which means the credit bureaus will know if you are making on-time payments.

In other words, if you take out a title loan, it will go on your credit report .

How Can Title Loans Affect Your Credit?

Title loans can impact your credit in several ways.

Taking on any new debt, including a title loan, may lead to a slight dip in your credit score. However, this is only temporary, so you shouldn’t let this stop you from getting the cash you need to make ends meet.

A new title loan can impact your payment history, which is one of the main factors that affects your credit score. In fact, payment history accounts for about 35% of your total credit scor e. Making on-time, consistent payments could lead to a significant improvement in your credit score over the course of your title loan. On the other hand, missing or making a late title loan payment could harm your credit score.

Taking out a title loan could also impact your credit mix, which accounts for about 10% of your credit score. Your credit mix is a measure of the diversity of your credit accounts. If adding a title loan makes your credit mix more diverse, you may see a slight increase in your credit score.

How Long Will A Title Loan Stay On Your Credit Report?

If you check your credit report on a regular basis, you may wonder how long it will take for your new title loan to appear. Your title loan won’t show up on your credit report right away. Lenders, including title loan companies, typically report to credit bureaus every month, so it could take about 30 days for a new loan to show up.

Your title loan will remain on your credit report while you pay it off. In fact, it will remain on your credit report for some time even after it’s been completely paid off. If the title loan was “paid as agreed,” which means you repaid it in full, it could remain on your credit report for up to a period of 10 years.

Missed or late title loan payments will stick around for a while, too. If you miss or make a late title loan payment, this could remain on your credit report for up to seven years.

How to Protect Your Credit When Taking Out A Title Loan

In short, the decision to take out a title loan may impact your credit. However, your actions will determine whether your title loan has a positive or negative impact on your credit. Follow these tips to protect your credit when taking out a title loan:

Following these tips can help you use a title loan to help, not harm, your credit.

How to Apply for A Title Loan

Now you should understand how a title loan could impact your credit. If you’re ready to apply for a title loan , follow these simple steps:

That’s all it takes to apply for a title loan and secure the cash you need to make ends meet.

*Loan approval is subject to meeting the lender’s credit criteria, which include demonstration of ability to repay the loan. Not all applications will be approved.

The post Do Title Loans Go On Your Credit? appeared first on (EN) 1(800) Car-Title® .

What are America’s Favorite Cars?

Thu, 27 Jan 2022 09:00:00 GMT

When car buyers think of the most American car, they might picture a Ford—thanks to Henry Ford and the Model T. Some buyers might think of a Corvette, a T-Bird or maybe even a Camaro. Most American cars might have once been associated with the vehicles produced in the U.S.

Assembly line jobs and vehicle production have been outsourced to other countries. Foreign manufacturers have made assembly lines here in the U.S., and today, the cars of America have evolved to include many import brands, too. What are America’s favorite cars now? Here are the 10 most popular vehicles in the U.S. according to sales figures from Car and Driver .

Toyota Tacoma

Number Sold: 238,806

The Tacoma is Toyota’s pickup truck, which is one of the most popular vehicles in the U.S. Toyota will have more than a quarter of a million Tacomas in 2020. With a base price of $26,050, the Tacoma was a fairly budget-friendly pickup option for those who preferred this vehicle. With a towing capacity of up to 6,800 pounds, it also offers enough strength for pulling trailers.

GMC Sierra

Number Sold: 253,016

Another pickup truck! The Sierra hovered at $29,600 for a base MSRP when it was released. The 1500 could tow up to 9,800 pounds, while the heftier 2500 could tow up to 14,500. The 1500 was and is considered a half-ton pickup, while the 2500 is the ¾ ton model.

Honda Civic

Number Sold: 261,225

The Honda Civic is small but extremely popular. It’s affordable, and the 2020 model had an MSRP of $20,000. The four-door Civic sedan also received a Top Safety Pick rating from the Insurance Institute for Highway Safety. This vehicle is ideal for commuters and can get up to 32 miles per gallon in the city and 42 miles per gallon on the highway.

Chevrolet Equinox

Number Sold: 270,994

The Equinox is a smaller SUV with only two rows of seating. However, for a smaller family or even a new teen driver it offers plenty of space and cargo room. It also offers pretty good fuel efficiency for an SUV—28 MPG in the city and 39 MPG on the highway. The 2020 Equinox earned a Top Safety Pick rating from the IIHS.

Toyota Camry

Number Sold: 294,348

The Camry has remained a vehicle favorite for a while. The midsize sedan offered a moderate base price at $24,425. For commuters, this car might have been a top choice, with a fuel efficiency of 29 MPG in the city and 41 MPG on the highway. The Camry earned a Top Safety Pick+ rating (the best) from the IIHS.

Honda CR-V

Number Sold: 333,502

Honda’s small SUV competes with Toyota’s RAV4. The CR-V features two rows of seating, which makes it a good choice for smaller families or those who just want to drive a bigger automobile or need extra cargo space. For an SUV, the CR-V offered decent fuel efficiency—28 MPG in the city and 34 MPG on the highway. The 2020 CR-V had an MSRP of $25,150 and earned a Top Safety Pick rating from the IIHS.

Toyota RAV4

Number Sold: 430,387

Toyota’s small SUV and the competitor for the Honda CR-V featured two rows of seating and offered plenty of space for a smaller family. Slightly more expensive than the CR-V, the RAV4 had a base price of $25,950 for 2020. The fuel efficiency of the RAV4 was comparable to its competitor—28 MPG in the city and 35 MPG on the highway. The RAV4 also earned a Top Safety Pick rating from the IIHS.

Ram Pickup

Number Sold: 563,676

The pickups topped the most popular vehicles in America in 2020. The Ram line came in as the third most popular vehicle. Ram pickups include the 1500, 2500 and 3500 models. Buyers could choose additional options—including engine type. The base MSRP for the 1500 was $32,145.

Chevrolet Silverado

Number Sold: 586,675

The Silverado line was the second most popular vehicle in America for 2020. The line includes the 1500, 2500 and 3500. Engine types also could vary. The 1500 had an MSRP or $28,500, which was a bit less than the Ram.

Ford F-Series

Number Sold: 787,422

Those who believe that the Ford is the most American automobile are correct—at least in terms of popularity! While a car didn’t top the list, Ford’s F-Series pickup line proved to be the most popular vehicles in the U.S. Ford offers a 150, 250, 350 and 450 in its F-Series. Additional engine options also were available. In 2020, the F-150 sold for a base price of $28,745.

Finding the Best Vehicle

While some vehicles top the most popular list and top dealership sales , every buyer might be looking for something different. What’s popular isn’t necessarily what’s best for every buyer.

When searching for a new vehicle, buyers can keep a few key considerations in mind:

Budget

How much can the buyer afford to spend each month? Experts recommend spending less than 10 percent of take-home pay on the monthly car payment. In total, car expenses also should be less than 15 to 20 percent of monthly take-home pay. The cost of transportation for car owners includes the loan payment (if applicable), insurance costs and the price of fuel (or electric). Look at income after taxes and other expenses are deducted from the paycheck to calculate a reasonable budget for a car payment.

However, some buyers might have an extremely tight budget and might not be able to afford 10 percent on a car payment. Find out how much is feasible and then search for cars that fit into this budget.

Size

Does the buyer have a big family? Do they need to have space for sports gear, strollers or other equipment? Keep space needs in mind when shopping.

Car Type/Preference

Is there a specific body design that is preferred? Some buyers prefer a minivan, others want an SUV. Some buyers just want a commuter car that has great gas mileage. Consider driving habits when shopping.

Fuel Type

Some car buyers want to buy the most fuel efficient vehicle. They may opt for a hybrid or an electric model. However, electric models might not be in every buyer’s budget. If the price is too high, buyers can shop for used models. In some areas, electric cars are incredibly popular and the used market for them could include lots of choices.

Start Online!

For buyers who are unsure about what car is best for them, start the search online! Visit third-party sites like Kelley Blue Book to research prices and explore different models. Buyers who are concerned about gas mileage, should zero in on these stats.

Safety also is an important consideration when choosing a new car. IIHS makes it easy for consumers to research the safety ratings on makes and models. Just use IIHS’ search tool to enter the year and make and model the vehicle. The site will pull up all the safety reports, and consumers can review it to learn more about the vehicle’s safety rating. The best rating is the Safety Pick+.

Dealership websites also could be a valuable resource for consumers to find pricing as well as any applicable deals, incentives or sales. They also can search for different prices via KBB ; buyers can search for the make/model that interests them and KBB will show all the prices in the area.

Buyers might decide that their favorite car is the most popular Ford F-Series, or they may opt for a vehicle that isn’t even on the list. America’s favorite car may change every year, and every buyer should find the vehicle that fits their budget , needs and life.

The post What are America’s Favorite Cars? appeared first on (EN) 1(800) Car-Title® .

The World after Coronavirus – What Career Should You Choose?

Thu, 27 Jan 2022 09:00:00 GMT

Coronavirus has left many businesses temporarily out of business. Stores that are required to remain open are now setting limits on quantities of items purchased at once and also how many shoppers can be in the store. Nonessential businesses are allowing their employees to work from home, leaving once bustling buildings empty.

While many businesses have managed to keep their workforce up and running remotely, others have furloughed or laid off workers. The New York Times reported that unemployment was likely hovering around 13 percent.

Economic survival now seems to favor those who can adapt in a remote world; after the pandemic ends, what will be the best careers of the future? Here are the jobs we think could offer potential opportunities when the economic paradigm shifts and the world adopts a new normal.

1. Essential Positions

Certain industries have been deemed essential during the crisis, and the list is more expensive than most realize. Yes, it includes healthcare workers, financial jobs (like banks), grocery stores, childcare workers and the food industry. However, energy, dams, critical manufacturing and communications also are identified as “critical infrastructure” that remain in operation during a pandemic.

Jobs in these sectors may have continued without much disruption, although even these industries may have stipulated that certain employees could work from home.

2. IT

Those managing the data systems of companies are almost always in demand. Most IT pros also can work from home without much disruption.

3. Grocery Stores

Looking for a job now, The Ascent reports that grocery stores may be thrilled to hire you! These gigs are in high demand during the crisis, and workers may be needed now more than ever.

4. Delivery Drivers

After the crisis ends, delivery positions at companies like Amazon, Instacart and Grubhub may be in high demand. Their increased popularity during the shelter-in-place mandates may mean that consumers may become more reliant on these services over traditional shopping methods. Delivery drivers became the best option for those who wanted to avoid stores and restaurants as both a means of convenience and as a safety measure.

5. Zoom and Other Remote Software Companies

Teleconferencing is the way that many companies are keeping business as usual while working from home. Many companies turn to Zoom or Slack, and Fast Company reports that, even in the thick of the pandemic, these companies are still hiring. Once the shelter-in-place mandates are lifted, companies may realize that meetings via Zoom and other software platforms are more convenient and allow for a more remote workforce (and, thus, lower overhead!).

6. Online Learning Software

Schools across the world have closed and educators are now turning to remote learning programs to ensure that kids stay on target. Fast Company also reports that online learning software also has seen booming business during the crisis. The popularity for these platforms may continue when schools reopen, too.

7. Pharmacies

A Forbes contributor noted that pharmacies have been hiring during the Covid crisis. Exploring positions at in-store pharmacies could be a possibility for future job opportunities after the crisis, too.

8. Freelance Gigs

Taking on a job as a freelance writer, a driver for Uber or as a contract delivery driver could provide job freedom and extra cash flow for those who need a side job after the crisis. Just make sure you understand tax and insurance obligations for any independent work; these jobs may mean that you shoulder the risk, so don’t be left unprotected.

9. Cleaning Companies

The Motley Fool reports that in the midst of the coronavirus crisis, cleaning jobs are very much in demand. Companies want to ensure their spaces are clean to avoid the spread of the virus. These jobs may continue to be in demand, so keep your eye on this industry.

10. Psychologist

Vox reports the 10 most in-demand jobs, and psychologists are listed as number seven on the list. During the crisis, mental health help could be in high demand…and even when the pandemic abates, many could find themselves struggling with depression or other lingering concerns.

Who’s Hiring Now?

While social distancing and shelter-in-place mandates are still in full force, our world will eventually return to normal. However, ‘normal’ may have a new definition, and our society and our business infrastructures could look very different after the pandemic clears. If you’re on the hunt for a new job, keep your eyes open to industries that have adjusted in the face of the pandemic. While some businesses could suffer great losses or even close for good, others may continue to thrive.

The post The World after Coronavirus – What Career Should You Choose? appeared first on (EN) 1(800) Car-Title® .

How Title Loan Companies Determine Eligibility for Title Loans

Thu, 20 Jan 2022 09:00:00 GMT

If you’re short on cash, there are a number of things you can do to get the money you need. Some people pick up extra shifts or work a side gig to make more money. Others borrow money from their friends and family when they’re in a pinch. But what should you do if these options aren’t enough? Or if they aren’t even available to you? In this case, a title loan might be the solution.

A title loan is a secured loan that allows you to borrow money by using the title to your vehicle as collateral . Title loans are typically processed quickly, which is why people often rely on them when they need cash as soon as possible.

If you’re considering this option, you may be wondering if you will qualify for a title loan. Title loan requirements are very different from other personal loan eligibility requirements. Because of this, you may qualify for a title loan even if you don’t qualify for a traditional personal loan .

So, what is required to get a title loan? Here’s what you should know:

The Title to Your Vehicle

The title to your vehicle is used as collateral to support your title loan, so you must be able to provide this important document to your lender during the application process. However, if you can’t find the title to your vehicle, you can still apply for a title loan. Just let your lender know that you have misplaced your title. They can help you obtain a new title so you can complete the application process.

Some title loan companies only accept titles to cars, trucks, and SUVs, whereas others also accept titles to motorcycles and RVs. Talk to your lender to find out what types of titles you are allowed to use as collateral.

It’s important to note that a salvage title cannot be used as collateral to support a title loan . If a vehicle has a salvage title, this indicates that the vehicle has suffered extensive damage and been declared a total loss by an insurance company. Because the vehicle has been badly damaged in the past, it’s difficult to estimate its current value, which is why this type of title is not accepted as collateral.

Credit Check

You must consent to a credit check if you want to borrow money with a title loan . Title loan companies perform credit checks to evaluate the creditworthiness of applicants. In other words, they look at an applicant’s credit history to determine what kind of borrower they might be if they are approved for a title loan.

A title loan company will consider your credit when determining if you qualify for a loan, but this isn’t the only factor that will impact your eligibility. Other factors, including the value of your vehicle and your ability to repay the loan, will also impact your eligibility. Because of this, you don’t need perfect credit to get approved for a title loan. In fact, most credit types are accepted by title loan companies.

Your credit can impact your interest rate and other terms of your loan, too. In general, borrowers with high credit scores can typically secure lower interest rates.

Vehicle Ownership

You cannot use a title as collateral for a title loan unless you are the legal owner of the vehicle. This means your name must be on the title of the vehicle .

If you are the sole owner of the vehicle, your name should be the only one on the title. But if you share ownership, other names may also be listed on the title. You don’t need to be the sole owner of the vehicle to qualify for a title loan . You may qualify for a title loan even if other names are included on the title. All that matters is that your name is also there, which signifies that you are a legal owner of the vehicle.

You don’t need to own your vehicle free and clear to qualify for a title loan . Everyone’s situation is unique, but in general, many people who are still making payments on their vehicle are approved for title loans.

Vehicle Value

Because your vehicle is used as collateral to support your title loan, your lender will want to know how much it is worth when determining your eligibility. This way, your lender will know how much they will be able to sell your vehicle for in the event you stop making payments on your loan.

During the application process, your lender will need to inspect your vehicle to calculate its value. Some lenders require in-person inspections whereas others accept photos of your vehicle in lieu of an in-person inspection.

Your lender will consider many factors when calculating the resale value of your vehicle, including its make, model, year, condition, mileage, and trim level .

Your vehicle must meet a minimum value requirement established by the lender to qualify for a title loan. The minimum value requirement varies depending on the lender, so it’s best to ask your title loan company directly for more information on their policies.

Equity in Your Vehicle

You must have equity in your vehicle to qualify for a title loan. The term “equity” refers to the value of an asset after deducting liabilities. To put this in simpler terms, your equity is the difference between your vehicle’s resale value and the amount you still owe on it .

For instance, say your vehicle’s resale value is $15,000 and you owe $3,000 on it. This means you have $12,000 in equity in your vehicle ($15,000-$3,000=$12,000.) You cannot borrow more than the value of your equity. Typically, you are allowed to borrow up to a certain percentage of your equity in your vehicle.

You will not qualify for a title loan if you don’t have equity in your vehicle. For example, say your vehicle’s resale value is $8,000 and you still owe $9,000 on it. You owe more than the vehicle is worth, which means you don’t have equity and cannot use this vehicle as collateral for a title loan.

Your Ability to Repay the Loan

Your title loan company will not want to let you borrow money that you cannot afford to repay. For this reason, the lender will need to assess your ability to repay the title loan when determining whether you qualify.

A lender will ask you to submit proof of income such as recent bank statements, pay stubs, or tax returns. These documents serve as proof that you have a reliable source of income that you can use to repay your loan. Your income doesn’t necessarily need to come from a job. You may qualify for a title loan with other sources of income such as veterans’ benefits, disability benefits, retirement benefits, spousal support, or rental income.

Your lender will analyze the documents you provide to determine how much you can afford to repay. The results of this analysis will impact if you are approved and if so, the amount of your title loan.

Find out if you qualify for a title loan–and if so, how much you can borrow –by contacting 1(800)Car-Title® today. Call 1-800-227-8485 or fill out the form on our website to get a free title loan quote today.

The post How Title Loan Companies Determine Eligibility for Title Loans appeared first on (EN) 1(800) Car-Title® .

What is Zero-Based Budgeting?

Thu, 20 Jan 2022 09:00:00 GMT

Creating and sticking to a personal budget is an important part of achieving financial security. Having a budget makes it easier for you to set financial goals and track your progress toward meeting them. A budget also helps you identify bad spending habits, prepare for emergencies, and avoid spending money you don’t have.

If you’re ready to take control of your finances, the first step is figuring out which type of budgeting plan you want to follow. To make the most out of every dollar , experts recommend trying the zero-based budget. What is zero-based budgeting ? How can you start following a zero-based budget? Here’s what you should know:

How Does Zero-Based Budgeting Work?

The zero-based budgeting method involves using every dollar of your monthly income . The goal is to create a budget where your monthly income minus your monthly expenditures is equal to $0 , which is why it’s called the zero-based budget.

However, this does not mean that you should go on a shopping spree to spend every dollar you earn. It simply means that every dollar of your monthly income should be allocated toward expenses, debts, or savings .

Basically, a zero-based budget requires you to create a plan so you can account for every dollar of your monthly income.

An Example of a Zero-Based Budget

To understand how a zero-based budget works, it helps to see an example of this budgeting method in action.

Say your monthly income is $3,000 . In this case, your zero-based budget might look something like this:

In this example, every dime of your monthly income is going toward debt payments, living expenses, or savings . The total cost of these expenditures is $3,000, which means your monthly income minus your monthly expenditures is $0.

The Pros and Cons of Zero-Based Budgeting

There are pros and cons to every budgeting system.

Pros of the zero-based budgeting system include:

Cons of the zero-based budgeting system include:

Make sure you consider all of these pros and cons when deciding if this budgeting system is right for your lifestyle.

How to Start Zero-Based Budgeting

Follow these steps to start following a zero-based budget to manage your personal finances:

Tips for Sticking to A Zero-Based Budget

If you are committed to achieving your financial goals, it’s important to stay within your budget. But it may take some time to adjust to your new zero-based budget. Follow these tips to ensure you stick to your budget all month long:

Now that you understand how the zero-based budget works, it’s time to start creating your own budget so you can reach your financial goals. Remember, the zero-based budgeting system is not right for everyone, so if it doesn’t work for you, feel free to explore other budgeting methods.

The post What is Zero-Based Budgeting? appeared first on (EN) 1(800) Car-Title® .

What Are Title Loans Requirements?

Tue, 04 Jan 2022 15:57:00 GMT

If you’re short on cash, there are a number of things you can do to get the money you need. Some people pick up extra shifts or work a side gig to make more money . Others borrow money from their friends and family when they’re in a pinch. But what should you do if these options aren’t enough? Or if they aren’t even available to you? In this case, a title loan might be the solution.

So, what is required to get a title loan? Here’s what you should know:

The Title to Your Vehicle

Credit Check

Your credit can impact your interest rate and other terms of your loan, too. In general, borrowers with high credit scores can typically secure lower interest rates.

Vehicle Ownership

You cannot use a title as collateral for a title loan unless you are the legal owner of the vehicle. This means your name must be on the title of the vehicle .

Vehicle Value

Your lender will consider many factors when calculating the resale value of your vehicle, including its make, model, year, condition, mileage, and trim level .

Equity in Your Vehicle

Your Ability to Repay the Loan

Find out if you qualify for a title loan–and if so, how much you can borrow –by contacting 1(800)Car-Title® today. Call 1-800-227-8485 or fill out the form on our website to get a free title loan quote today.

The post What Are Title Loans Requirements? appeared first on (EN) 1(800) Car-Title® .

Are Cash Title Loans Right For You?

Tue, 04 Jan 2022 09:00:00 GMT

More than one in five adults in the U.S. don’t save any of their annual income. This means more than 20% of adults don’t have any savings to tap into when unexpected expenses such as medical bills, home repairs, or last-minute travel plans arise.

If you’re struggling to make ends meet due to unexpected expenses or a sudden change in your financial situation, you may be thinking about taking out a loan to get the cash you need. There are many different types of loans available, though, so you need to explore all of your options, including cash title loans .

How will you know if a cash title loan is right for you? Get the answer you’re looking for by asking yourself these important questions:

Do You Know How Cash Loans On Car Titles Work?

The first thing you need to ask yourself is whether you know how cash title loans work. Cash title loans are not like traditional personal loans. A cash title loan, also known as a title loan, is a secured loan, which means it is supported by collateral. To obtain a cash title loan, you must use the title to your vehicle as collateral .

This doesn’t mean you will need to give up your car in order to borrow money , though. You will remain in possession of your vehicle if you are approved for a title loan. The title loan company will keep your title or put a lien on it until your loan has been repaid. In the meantime, you can continue to use it as you normally would while you make payments on your loan.

The lien will be removed–or your title will be returned–once your loan has been completely paid off. If you stop making payments, the title loan company has the right to take possession of your vehicle. This is the only circumstance in which you will lose possession of your vehicle.

How Quickly Do You Need the Cash?

The next thing you need to consider is how quickly you need the cash. It can take more time to get approved for a traditional personal loan . But if you need cash in a hurry, you may not be able to afford to wait days or even weeks to get approved.

Fortunately, cash title loans are typically processed much faster than traditional personal loans . This is one of the reasons why so many people rely on cash title loans when they need fast cash.

If you apply for a title loan, your cash will be available shortly after you are approved. One thing you can do to avoid unnecessary delays is submit all of your required documentation as soon as possible. This way, your application can be processed quickly.

Do You Own A Vehicle?

The title to your vehicle is used as collateral for a title loan , so you must own a vehicle in order to qualify for a title loan.

You don’t need to be the sole owner of the car, though. Your name must be on the title to the vehicle, but it doesn’t need to be the only name. If you share ownership of the vehicle with someone else, you may still be able to use the title as collateral for a title loan.

It’s important to note that title loan companies will not accept all vehicles as collateral for title loans. Your vehicle must meet the minimum value requirement established by the title loan company.

Do You Have Equity in Your Vehicle?

Another important question to ask yourself is whether you have equity in your vehicle. Equity is the difference between your vehicle’s resale value and the amount you still owe on it .

For example, if your vehicle has an estimated resale value of $15,000 and you owe $5,000, you have $10,000 in equity. But if your vehicle’s resale value is $10,000 and you owe $12,000 on it, you don’t have equity in the vehicle.

You must have equity in your vehicle to qualify for a title loan. If you are still making payments on your vehicle, do the math to determine whether you have equity.

How Much Money Do You Want to Borrow?

The amount you are able to borrow from a title loan will vary depending on several factors, including the resale value of your vehicle, your equity in the vehicle, and your ability to repay. But in general, you cannot borrow more than the value of your equity in the vehicle. If you have $10,000 in equity, but need to borrow $30,000, a title loan is not right for you.

Your title loan company should be able to tell you how much you will be able to borrow without impacting your credit. If you are considering applying for a title loan , don’t hesitate to contact your lender to get a free quote.

Do You Have A Reliable Source of Income?

Your ability to repay the loan is one of the factors the title loan company will consider when determining your eligibility. This is why you will be asked to submit proof of income during the application process.

You don’t need to be employed to qualify, but you must have a reliable source of income . Examples of a reliable source of income may include a part- or full-time job, disability benefits, retirement benefits, veterans’ benefits, spousal support, or rental income.

Are You Unable to Get A Traditional Personal Loan?

Borrowers usually need near-perfect credit scores to get approved for traditional personal loans. If you are unable to get a traditional personal loan as a result of your credit, a title loan might be right for you.

Your eligibility for a title loan is not based solely on your credit. Why? Unlike traditional personal loans, title loans are secured by collateral. Because of this, title loan companies consider many factors when determining your eligibility, including the value of your car and your ability to repay the loan.

Most credit types are accepted by title loan companies . This means you may qualify for a title loan even if you were not approved for a traditional personal loan due to your credit.

Are You Ready to Apply for Cash Title Loans?

Now you should have a better idea of whether cash loans on car titles are right for you. If you’re ready to secure the cash you need, follow these steps to apply for cash title loans from 1(800)Car-Title®:

It only takes a few minutes to find out if you’re approved and if so, how much you can borrow. Contact us today to get started.

The post Are Cash Title Loans Right For You? appeared first on (EN) 1(800) Car-Title® .

What Do You Need to Get A Title Loan?

Thu, 11 Nov 2021 09:00:00 GMT

If you incur an unexpected expense, you may need more cash to make ends meet for the month. But sometimes, picking up an extra shift, working a side gig, or tapping into your rainy day fund isn’t enough. If you need cash in a hurry, one option is applying for a title loan.

A title loan is a secured loan that allows you to use the title to your vehicle as collateral . You won’t have to give up your car in order to borrow money, though. You can continue to drive your car while you make payments on your title loan. This is one of the many benefits of taking out a title loan.

Because title loans are processed quickly, many people rely on them to get fast cash. But what do you need to get a title loan ? Are you eligible? Here’s what you need to know:

Who is Eligible for a Title Loan?

If you are interested in taking out a title loan , the first thing you should do is figure out if you are eligible. The eligibility requirements may vary slightly depending on the lender. But in general, you may be eligible for a title loan if you meet the following conditions:

The vehicle you plan on using as collateral must also meet certain minimum value requirements established by the lender. These requirements can vary widely, so it’s best to contact the lender to find out if your vehicle qualifies.

What Documents Will You Need to Apply for a Title Loan?

Part of the title loan application process involves submitting documentation to your lender. Just like the eligibility requirements, the documentation requirements can vary from lender-to-lender. However, if you are thinking about applying for a title loan, you may want to start gathering these documents:

Because your car is used as collateral , your lender will also need to inspect your vehicle during the application process. This gives the lender the opportunity to examine your car and calculate its value . The inspection process varies. Some lenders ask you to bring your vehicle in for an inspection, but others may accept photographs of your car instead. If your lender requires photographs, you will need to submit them along with your other documentation.

How Can You Get a Title Loan Without the Title?

All lenders require title loan applicants to submit the title to their vehicle as part of the application process. This allows the lender to confirm that your name is on the title, which means you are the owner of the vehicle. If you are approved for a title loan, your lender will either hold onto your title or put a lien on it until your loan has been repaid.

There’s no doubt that this document plays an important role in the process, but what should you do if you can’t find the title to your vehicle? You can still apply for a title loan even if you’ve misplaced or damaged your title. Just let the lender know about your situation as soon as possible. Your lender can help you secure another title so you can complete your application.

Can You Get a Title Loan With Bad Credit?

You may not qualify for certain types of personal loans unless your credit is perfect. However, that’s not the case with title loans. You may still qualify for a title loan even if you were not approved for a traditional personal loan due to your credit.

This is because title loans are secured by collateral, whereas traditional personal loans are not. It’s true that your lender will consider your credit when determining whether you qualify for a title loan, but this isn’t the only factor that will impact your eligibility. Title lenders also consider other factors such as the value of the vehicle you are using as collateral and your ability to repay the loan.

In other words, your eligibility for a title loan does not depend solely on your credit score. In fact, most credit types are accepted by title lenders .

Can You Get a Title Loan If You’re Unemployed?

Some people assume that they won’t qualify for a title loan simply because they are unemployed. However, unemployment does not automatically make you ineligible for a title loan.

You must have a reliable source of income to qualify for a title loan, but that source of income does not need to be a job. This means you may still qualify for a title loan if you are unemployed as long as you earn income from other sources.

Examples of other sources of income may include retirement benefits, disability benefits, veterans’ benefits, spousal support, or rental income. During the application process, all you need to do is submit proof of your reliable source of income to your lender.

How Long Does It Take to Get a Title Loan?

If you need fast cash, you might be wondering how long it will take to get the money you need from a title loan. Fortunately, title loans are processed quickly , which is why they are preferred by people who need cash right away.

If you want to get your cash quickly, submitting all required documentation as soon as possible is the best way to avoid unnecessary delays in the application process. Work with your lender to ensure you submit everything that is required. The sooner these documents are submitted, the sooner the lender can approve your application.

Can You Apply for a Title Loan Online?

You can apply for a title loan online or over the phone from 1(800)Car-Title®. Here’s how:

If you’re short on cash, the financial help you need is just a few clicks or one phone call away. Don’t wait any longer–apply for a title loan today.

The post What Do You Need to Get A Title Loan? appeared first on (EN) 1(800) Car-Title® .

Debunking Common Myths About Vehicle Title Loans

Thu, 04 Nov 2021 09:00:00 GMT

It’s important to do your research before making any decision that will impact you financially. This is especially true if you are thinking about taking out a loan to get the cash you need to make ends meet. There are many different types of loans to choose from, so you need to learn more about your options before deciding which one is right for you.

When doing your research, you might come across misconceptions about the different types of options available to you. It’s crucial to know how to separate fact from fiction . Here’s the truth behind common myths and misconceptions about vehicle title loans:

Myth #1: You Can’t Drive Your Car While You Repay Your Loan

You must use the title to your vehicle as collateral to borrow money with a title loan. Some people assume that using the title to their vehicle as collateral means giving up their car, but that’s not the case.

If you are approved for a title loan, your lender will either put a lien on your title or hold onto the title until you pay off your loan. You won’t have to hand over the keys to your vehicle to borrow money , though. You can continue to drive your car as you normally would while you make payments on your title loan.

The title loan company will not take possession of your vehicle unless you fail to repay your loan. If you make all agreed upon title loan payments, you will remain in possession of your vehicle at all times.

Myth #2: You Need Perfect Credit to Qualify for Title Loans

Many people who are experiencing financial trouble find it difficult to borrow money with a traditional personal loan. This is because lenders require borrowers to meet a minimum credit score requirement to qualify for traditional personal loans.

But all loans are not created equal. The eligibility requirements for a title loan are very different from the eligibility requirements for a traditional personal loan. The title loan company will consider your credit when determining your eligibility for a title loan. However, the lender will also consider other factors, including the resale value of your vehicle and your ability to repay the loan.

Myth #3: Title Loan Approval Takes A Long Time

If you need fast cash, you may want to research approval times when determining which type of loan is right for you. It can take weeks to get approved for a traditional personal loan. Many people can’t afford to wait this long to get cash, which is why they often turn to title loans instead.

Title loans are known for their fast processing times , so they’re a great option for people who need cash quickly.

One way to ensure your application is processed right away is to submit the required documentation to your lender as soon as possible. You cannot collect your cash until the lender has the documentation they need to process your loan. The sooner you submit it, the sooner you can secure your cash.

Myth #4: You Won’t Qualify Unless Your Car is Completely Paid Off

There’s a common misconception that you will not qualify for a title loan unless your vehicle is completely paid off. But the truth is owing money on your vehicle will not automatically make you ineligible for a title loan . You may or may not qualify for a title loan if you are still making payments on your vehicle. Your eligibility will depend on your equity in the vehicle and the number of payments remaining on your auto loan.

Everyone’s situation is unique, however many people with a few payments left on their auto loan still qualify for vehicle title loans .

Myth #5: You Must Be Employed to Qualify for A Title Loan

During the title loan application process , the lender will ask you to submit documentation that serves as proof of income. This may include various documents such as recent bank statements, tax returns, or pay stubs from your employer. The lender needs to see this documentation to confirm you have a reliable source of income that you can use to repay your loan.

“ Proof of income ” is not the same as “proof of employment.” If you are unemployed, you may still qualify for a vehicle title loan as long as you have another source of reliable income. Examples of this may include retirement benefits, disability benefits, veterans’ benefits, or rental income.

The bottom line is title loan companies consider your ability to repay when determining your eligibility, but not your current employment status .

Myth #6: You Can’t Pay Your Title Loan Off Early

You are charged interest whenever you borrow money from a lender. Interest accrues, or grows, over time. This means the sooner you pay off your title loan, the less you will have to pay in interest.

Many people think that title loan companies won’t let borrowers pay their title loans off early, but that’s not true. If you take out a title loan, you will have the option of paying off your title loan early .

However, some title loan agreements include prepayment penalties, which are fees that lenders charge borrowers who pay off their loan ahead of schedule. If you plan on paying off your loan early, look for a title loan company that does not charge prepayment penalties. Read the fine print of your loan agreement to ensure there is no penalty for making early payments.

Myth #7: Applying for Vehicle Title Loans is Difficult

There’s no truth behind the myth that applying for vehicle title loans is challenging. In fact, the title loan application process is very simple and straightforward.

If you are ready to apply for a title loan with 1(800)Car-Title®, follow these steps:

If you need any help, don’t hesitate to contact us!

The post Debunking Common Myths About Vehicle Title Loans appeared first on (EN) 1(800) Car-Title® .

Social Series: 10 Video Ideas for Dealerships

marcela@contentkarma.com (Marcela De Vivo) — Wed, 13 Oct 2021 19:13:40 GMT

Social media channels can help dealerships engage with and reach out to customers and, hopefully, welcome potential new followers who may turn into future customers. An active presence on social media is now the norm for many businesses today, and these platforms may be necessary to stay connected to the younger generations who might become the future key demographic for dealerships.

Don’t be intimidated about going social with posts and videos, too! Not sure how to create cool videos for social media? Need a few content ideas? Here are 10 video ideas for dealerships to help engage followers and, of course, elevate the brand!

Should Dealerships Pivot to Video?

Marketing professionals may all have their own advice and professional opinions on how to ace social media engagement and outreach. Dealerships might even have their own spin on social media and the voice they use to tell their stories.

Creating a unique voice can help businesses stand out from the noise and deluge of content found across the web. Consistency in marketing also ensures that the dealership stays true to its own image and brand.

Years ago in the media world there was a push to ‘pivot to video.’ Unfortunately, the pivot flopped into a fall . While video engagement can help mix up the content, written messages are important, too. Followers may enjoy messages via Facebook in the form of posts and watching videos.

Dealerships might have their own data that shows what their customer prefers online. This can be a mix of engagement—written, video and even photos. Even if dealerships don’t have this data, guess what? They can set up a poll via social media to ask followers what they prefer to see online! The power of social media is vast!

Mixing in Videos

Some dealerships may be in a groove with their online content. Maybe they update Facebook and other accounts with story posts and/or photos of new inventory, but perhaps posting video content leaves them feeling a bit timid.

Video content isn’t difficult, but it does require a bit of brainstorming and thought. Creativity can help videos gain traction and views. Dealerships also have to delegate a camera person and plan out the message.

Dealerships shouldn’t stress or push for ‘viral’ content. There is not really a secret script for creating a viral post; sometimes it just happens. Instead, dealerships may just focus on creating a video presence. Here are 10 video ideas for posting to social media…or to liven up the dealership’s YouTube account:

1. The Showroom Tour

Take potential customers on a tour of the dealership showroom. Make sure everyone is dressed in branded dealership gear and delegate a tour host. Winging the script might not always be the best option, unless the host feels up for going unscripted. For those who aren’t super confident, write up a simple script. Don’t be afraid of messing up! There may be quite a few takes and/or edits. Focus on new car models or anything new and interesting at the dealership.

2. Sales Team Interviews…Meet the Team

Introduce followers to the sales team or all the teams! This can be a video series that introduces key people at the dealership and gives followers some fun facts about them. These videos can help followers and potential customers put a face to the name. Team members don’t have to share anything personal; instead, the script can focus on how long they have been with the dealership, some fun background (favorite foods, etc.) or maybe some goofy facts. Maybe John really doesn’t like the smell of oranges! Make it fun…and let the team have fun with their video. Again, make sure clothes are branded!

3. The Virtual Test Drive

On YouTube, there are many virtual test drive videos available from dealerships. This involves the passenger taping another team member driving a new model on the road. Not comfortable with a test drive video? Instead, create a virtual tour of the new models. Show all vantage points of a vehicle, the interior and close up shots of unique features. A virtual vehicle tour can be especially helpful for showcasing pre-owned vehicles in the inventory, too!

4. The Holiday Video

Holiday caroling, fun Halloween costumes , maybe an Easter bunny hopping around? Light a menorah to wish followers Happy Hanukkah. Build a foam snowman for a ‘happy holiday’ message. Or send a patriotic message for July 4th…maybe even announce a sale! Get festive, get creative…and don’t forget to be inclusive!

5. The Sales Announcement

Dealerships all have their own unique voice and brand. About to announce a major sales promotion? Create a video! Make it bold or zany…whatever fits the brand.

6. The Celebration Video

Is it a team member’s birthday? Maybe an anniversary? Create a commemorative video. Just make sure the team member is ok with it first!

7. A Historical Video

Who founded the dealership? When did it first open? Introduce followers to the dealership’s story and create a video of the history behind the dealership. Introduce owners, talk about the first car sold. Include fun facts and maybe even show old photos.

8. The Silly Video

Videos don’t have to be serious. Create a fun video idea that shows the creative side of the dealership. Maybe this is a funny April Fool’s video. Brainstorm unique ideas that might entertain followers.

9. The Pet Video

Cat videos, dog videos…they rule YouTube! People love those furry, fun pets. Does the dealership have a pet mascot? Is there a ‘bring your pet to work’ day? Highlight favorite pets and/or animals.

10. Customer Appreciation Videos

The success of the dealership depends on customers. Create a video celebrating those who help drive the dealership’s success. Customer Appreciation Day videos also could include a sales announcement or a fun event.

Video Tips

Dealership videos typically include staff, employees and other team members. Just make sure everyone who is featured consents to being featured. Some people don’t want to be caught on video…be respectful. When creating videos, the video team also should keep in mind lighting and other details.

Certain color clothing might look a bit harsh on video. The best colors to wear when showcasing staff or doing ‘interview’ type videos are ‘jewel tones.’ Think deep green, blue and red. Wistia also advises against wearing pastel hues…so no light pinks, yellows, blues and greens. While they are pretty, they don’t always showcase well on screen…or video.

Be cautious wearing either black or white. Sometimes white can wash out the individual, and black might look harsh. However, this isn’t always the case…it might depend on the individual.

It also goes without saying that videos should not put anyone in harm’s way! Social media videos should be fun…not an accident waiting to happen and definitely not a potential liability!

Where to Post Video Content

While Facebook is still the dominant social media platform, there are many different social media sites to post video content. Sharing videos on Facebook can help break up content and keep posts interesting. Establishing a channel on YouTube can allow the dealership to create a whole catalog of videos.

Instagram is a visual social media platform. For dealerships that aren’t active on Instagram, this is a great place to post photos of new inventory and video stories, too. Instagram is owned by Facebook.

Snapchat is another popular social media platform that is popular with younger users. Posts on Snapchat disappear once they are sent.

TikTok is the rising star of social media. However, videos posted on TikTok should be short (about a minute). The dealership staff might want to take on one of the many viral TikTok dance challenges. Those posts and videos are always fun!

Don’t Forget

When posting videos and other content don’t forget the little details…like hashtags! This little # tags let users find posts with specific keywords.

Tagging or mentioning (with an @) another user also can help videos and content get noticed in the vast space of social media. If the dealership is aligned with a specific brand (e.g. Toyota), tag or mention the brand.

Even when posting videos, dealerships can use open-ended questions to engage followers. For example, to introduce a holiday post, the dealership might ask followers about their favorite holiday tradition. A Thanksgiving Day post could ask about favorite dishes. As always, get creative.

Also, dealerships can encourage followers to like or share their videos or to subscribe to their YouTube channel. The video also can prompt viewers or followers with a particular call to action or to post in the comments.

Engagement and encouraging dialogue can help followers feel like they are included in the conversation. Dealerships also can ask for feedback about videos. Don’t be afraid to ask viewers or followers what they want to see.

Video content on social media platforms can help drive engagement and conversation. Videos also can provide a break from photos or text. Videos can announce sales, introduce followers to team members or just add a laugh and a little fun to the day. Brainstorm ideas to get the video rolling!

6 Automotive Industry Predictions for 2021

Fri, 27 Aug 2021 09:00:00 GMT

The automotive industry has changed significantly over the years. To stay competitive, automotive manufacturers have no other choice but to rapidly evolve in order to keep up with changes in consumer demand, environmental regulations, and technology. Yet many experts believe that the biggest changes to impact the automotive industry are still to come.

Industry analysts believe that the automotive industry will enter a period of transformative change over the next 12 months. What will drive this change? What’s next for the automotive industry? Here are X automotive industry predictions for the year ahead:

Automotive Digital Retail

For years, automotive consumers have shown an interest in purchasing vehicles online rather than in-person at dealerships. But now, the desire to go digital when it comes to purchasing a new vehicle has grown exponentially as a result of the COVID-19 pandemic.

A recent survey revealed that over three-fourths of automotive consumers are open to the idea of buying a vehicle online. Some consumers prefer a virtual buying experience because it is easier, faster, and more convenient , whereas others prefer it simply because they don’t like the experience of going to a dealership.

However, this doesn’t mean that automotive consumers want to go through the car-buying process on their own. In general, consumers still want to be able to interact with someone at the dealership while going through the process of buying a new vehicle. This person must be available to answer questions, address concerns, and help consumers come to the right decision regarding which vehicle to purchase. To address this need, automotive companies may want to offer virtual consultations or add live chat options to their website.

Automotive consumers expect the same level of customer service even if they choose to purchase a vehicle online rather than in a dealership. For this reason, automotive manufacturers must make an effort to provide an “at-home” dealership experience .

For example, automotive manufacturers can build a virtual showroom so consumers can explore vehicles from the comfort of their own homes. Manufacturers can also offer virtual test drives or deliver vehicles to consumers’ homes to make the experience more convenient.

Some automotive consumers prefer to complete the entire car-buying process online. But others are open to only completing the final steps of the process online, including the price negotiation, selection of add-on features, and signing of documents. Automotive manufacturers and dealerships should keep this in mind when designing an automotive digital retail experience for their consumers.

Health and Wellness Add-On Features

Luxurious add-on features such as seat warmers, complex infotainment systems, and self-closing doors have dominated the automotive industry in the past. Although these features will still be found in vehicles this year, industry experts believe that manufacturers will prioritize health and wellness amenities over luxurious amenities for the first time.

Automotive designers will look at every part of a vehicle to determine how it can be used to promote health and wellness. For example, the seats may be redesigned to include massage functionalities . This would allow passengers to relax their muscles, improve circulation, and alleviate muscle tension while on the go.

Experts believe that automotive manufacturers may also introduce vehicles designed with ionizers and ozonizers to purify the air inside the cabin. New vehicles may also be designed with self-cleaning surfaces , which would have the ability to remove dirt, dust, and other debris from inside the vehicle. Not only would this create a sanitized environment for passengers, but it would make it easier for car owners to maintain their vehicles.

Some experts predict that air pollution sensors will also be included in new vehicles this year. These sensors would be placed on the exterior of the vehicle to measure the level of air pollution outside. The sensor would deliver this data to the vehicle’s main computer, which could then display the information on the dashboard next to the outside temperature reading. This would allow the driver to see air pollution information in real-time just by looking down at their dashboard.

These add-on features could be used to win over health-conscious consumers who are looking for new and innovative ways to improve their health and wellbeing. In fact, a recent survey revealed that 22% of automotive consumers are looking for vehicles with anti-microbial interiors. This indicates that health and wellness add-on features could be welcomed by automotive consumers with open arms, especially because of lingering health concerns related to the COVID-19 pandemic .

Car Subscription Services

Automotive consumers who want their own vehicle typically have two options: buy or lease one. But automotive manufacturers recently introduced a third option: car subscription services . Now, experts believe that these services will become increasingly popular in the year ahead.

To participate in a car subscription service, members must pay a monthly fee. This fee typically covers the use of a car, insurance, roadside assistance, and maintenance . Members can use the same vehicle for the entire month, but they also have the option of “flipping” in and out of vehicles made by the same manufacturer.

For example, a consumer may choose to drive a practical sedan during the week, but switch to a smaller, sportier vehicle during the weekend. If they choose to flip, a concierge will travel to their home to make the switch as convenient as possible.

Subscription services offer more flexibility than traditional leases. If subscribers want to continue using the service, they must pay the fee every month. But if they are no longer interested in subscribing, consumers no longer need to pay the monthly fee. It’s as simple as that.

Car subscription services are usually more popular in large cities such as New York City and Boston, where consumers are less likely to own a vehicle. However, experts predict that these services will start to catch on in more rural areas over the next 12 months.

There’s no doubt that consumers are open to the idea of using a car subscription service. According to Deloitte’s 2020 Global Automotive Consumer Study , over one-quarter of automotive consumers in the United States are interested in using a car subscription service . The concept is even more popular in other countries, including India, where nearly 70% of automotive consumers would be open to trying these services.

Automotive consumers are willing to pay for these services, too. In the United States, over 60% of automotive consumers are willing to pay at least 10% more to participate in a subscription service that gives them access to different vehicle models across the same brand. Nearly 20% of these consumers are willing to pay at least 20% more for these services.

Based on this data, it’s clear that there is a legitimate interest in the car subscription model, which could explain why experts are predicting a rise in these services this year.

Shift From Horsepower to Computing Power

In the past, automotive manufacturers focused on producing vehicles with the highest horsepower. But now, experts believe that automotive manufacturers will start to focus more on computing power rather than horsepower.

Many vehicles are already designed with infotainment systems, collision-warning features, and navigational assistance. But in the next year, the technology used in these vehicles will become more advanced. Furthermore, more vehicles will feature these technologies, which means automotive consumers won’t need to purchase a high-end, luxury vehicle to enjoy these features. In fact, McKinsey estimates that the number of networked cars will rise by 30% every year for the next several years.

Automotive consumers should expect to see a rise in the number of services that are delivered through their vehicles. This may include driver assistance, tourism, entertainment, information, or Internet radio services. Automotive manufacturers may even start to build a wide range of apps that are only compatible with their vehicles’ software.

If these predictions come true, vehicles will be smarter and more connected than ever before . Many consumers look forward to increased vehicle connectivity. In the United States, 44% of consumers believe that increased vehicle connectivity is beneficial. In China, 83% of consumers share this view.

These consumers aren’t necessarily willing to pay more for increased vehicle connectivity, though. Two-thirds of automotive consumers in the United States and 51% of automotive consumers in China said they would not be willing to pay more than $500 for these advanced features.

But not all consumers are sold on the idea of increased vehicle connectivity. Nearly two-thirds of automotive consumers in the United States worry that hackers could gain access to a connected vehicle and put the safety of the passengers at risk.

Despite these consumers’ concerns, experts predict that increased vehicle connectivity will take the automotive industry by storm over the next year.

Expansion of Electric Vehicles

Experts predict that the electric vehicle segment of the automotive industry will experience significant growth in the next year.

Although Tesla currently dominates the electric vehicle segment, the competition is growing. In 2020, there were 59 electric or plug-in hybrid vehicles on the U.S. market, but this number will grow to 75 in 2021. New competition could emerge over the course of the year, too. Fifty-four percent of consumers and 63% of dealers believe that a new electric vehicle company will enter the market and rival Tesla in 2021.

The predicted growth in the electric vehicle market could occur as a result of new state laws. Over 40% of automotive consumers and dealers believe that more states will establish laws that require or encourage consumers to only purchase electric vehicles.

Even though experts are confident that the electric vehicle market will expand rapidly in 2021, some consumers are still hesitant to purchase an electric vehicle. Some of the automotive consumers’ greatest concerns regarding electric vehicles include a poor driving range, lack of charging infrastructure, cost, and the time required to reach a full charge. If automotive manufacturers fail to address these concerns, the electric market segment may not grow as quickly as experts anticipate.

Furthermore, the percentage of consumers who intend on purchasing an eco-friendly vehicle has dropped. In 2020, 41% of automotive consumers in the U.S. said they intended on purchasing a hybrid or electric vehicle. But in 2021, this number dropped to 26%.

Some experts believe that this drop occurred as a result of the global pandemic. In uncertain times, consumers are more likely to turn to tried and true options, which are gas-powered vehicles. If this is the case, more consumers may be interested in purchasing electric vehicles once the global health crisis has been resolved .

Growing Gen Z Customer Segment

Members of Generation Z, which include anyone who was born in 1997 or later, are now becoming automotive consumers for the first time.

This generation has incredible spending power. In fact, it’s estimated that Gen Z influences between $600 billion and $3 trillion in consumer spending every year. But this generation also has different purchase habits and needs. Because of this, the increase in Gen Z automotive consumers could force automotive consumers to adjust their advertising, marketing and sales strategies to meet the demands of this unique customer segment.

In general, Gen Z consumers are sensible, rational, and frugal . In the past, these consumers have preferred car-sharing over car ownership. Ridesharing services and public transportation were seen as affordable, practical, and eco-friendly modes of transportation to Gen Zers. But many Gen Z consumers are now thinking of purchasing a vehicle for the first time due to the risk of using ridesharing services or public transportation during a pandemic.

To appeal to these consumers, automotive manufacturers must remember that Gen Zers tend to evaluate the entire company, not just the company’s products , when making a purchase decision. Automotive manufacturers must display a commitment to important social causes and get involved in local communities in order to win these consumers over.

Previous generations favored trucks and SUVs. But Gen Z automotive consumers are more likely to purchase practical sedans manufactured by Toyota, Honda, or Nissan. This generation is also drawn to vehicles with innovative technological features that make the driving experience more pleasant, convenient, and comfortable.

Automotive manufacturers must also realize that Gen Zers are savvy shoppers who use their smartphones to compare models, find the lowest prices, and research dealerships . They are well-informed and willing to aggressively negotiate for the best possible price on a new vehicle, so dealerships must be prepared to sell to this new customer segment.

It’s still too soon to measure the impact that these changes would have on the automotive industry. But one thing is for certain: automotive consumers should be excited about the direction in which the automotive industry is headed .

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Virtual Reality in Automotive Market: What will be the Short-term Impact of Coronavirus?

Thu, 26 Aug 2021 09:00:00 GMT

In March, businesses across the country shut down in an effort to flatten the curve of coronavirus infection rates as the virus threatened to spread out of control. Life as usual stopped suddenly, and businesses were forced to adjust to the closures in a fight for financial survival .

Many industries learned to evolve to stay afloat and keep sales from tanking. Customers could no longer shop or patronize businesses and shops in person; in many states, shelter-in-place mandates kept many from leaving their home for anything but the essentials. In response, the evolution of business and retail went virtual…and online.

The automotive industry may have seen sales and consumer traffic drop significantly during the height of the pandemic, and, even now, some states may still limit businesses to a minimum number of patrons. BCG reports that 2020 sales (in the US, Europe and China) are forecasted to be 14 to 22 percent lower . However, the pain of the industry is more complicated than just the noticeable drop in foot traffic at dealerships.

In a report titled “ Understanding the impact of Covid-19 automotive industry, ” Deloitte explains that plant closures also played a role in the issues faced by executives in the industry. Closed plants meant the halt of production, and perhaps a limited number of models hitting the showrooms and dealer lots. CNBC reported that because of coronavirus plant closures, global auto production was expected to drop by 1.4 million vehicles .

While the halt in factory production might have forced major automotive manufacturers and the executives in the industry to brace for a decreased supply, dealerships still needed to find ways to sell the inventory on lots. Sales couldn’t simply stand at zero, survival meant adjusting to the quarantine and finding ways to reach consumers.

The solution? Many embraced virtual reality technology to bring the car buying process to life when in-person sales and laid-back visits to dealer lots simply were not a viable–or safe–option for consumers. However, virtual reality showrooms aren’t simply a short-term solution to an economy that has faced limitations on shopping and sales that have been complicated by constantly evolving safety guidelines. Instead, the use of VR might be the new pivot of the industry, an advancement that was waiting on the sidelines and was already prepared to jump into the driver’s seat. Virtual driver’s seat, that is.

As Covid forced employers and schools to adopt a virtual environment, many businesses and educators have embraced virtual methods as users have adapted to their high-tech features. Businesses began to understand that conducting business at home was cheaper and, in many ways, more convenient and much safer than pushing employees to come into the office. The normal business as usual became virtual offices, conferences, interviews and lectures.

The automotive industry has realized that offering a virtual showroom that allows the buyer to browse cars at their leisure may be here to stay. In fact, virtual reality in the automotive market may be a long-term solution to what was perceived as a short-term impact of a pandemic .

VR in the Automotive Industry: Virtual Showrooms, Marketing Pizzazz & Training Tools

Fortune Business Insights released a comprehensive report that detailed predictions and data about virtual reality’s use within the industry. The use of virtual reality in the automotive industry is far-reaching and is used beyond the concept of virtual showrooms.

Fortune Business Insights notes that virtual reality can–and likely will–be used in marketing campaigns for manufacturers. However, VR already is used in training ; the report noted that in 2019 both Rolls Royce and Qatar Airways announced that VR would be used to train engineers.

For consumers–and perhaps even other audiences, too–Fortune discussed scenarios that could integrate virtual reality to boost sales or marketing efforts . Fortune posited using VR to navigate a vehicle on a different planet! Imagine allowing a buyer to somehow interact with the vehicle as viewed on Mars…or even on a beach. This digital experience allows companies to create any image they wish for their product. Take a ride in a luxury vehicle along the coast of Monaco!

The scenery and the backdrop for the VR showroom or virtual test drive could elevate a brand’s reputation and create a memorable experience for the consumer. The savvier the experience, the deeper the impact it could create for the future buyer .

The Virtual Test Drive Isn’t New… But It May Be Gaining More Traction Thanks to Covid

Exotic locales for test drives might be a future possibility, but manufacturers are already offering some type of virtual reality simulated driving experiences.

Fortune Business Insights’ report noted that Volvo offered this experience to buyers for its XC90 model. Given that the report was released before Covid, Volvo was ahead of the game.

Audi also steered ahead of the curve; back in 2018, The Drum reported that Audi offered a virtual reality test drive of its Q5 model… except Audi conducted the test drive in a sandbox (a virtual sandbox, that is!).

Now, in a world that is still adjusting amid the pandemic, dealerships also are offering the virtual test drive experience to their buyers. Krieger Ford offers virtual test drives on numerous models so consumers can feel out different car models. The VR works on phones–operating almost like a game!–and consumers can tilt the screen to maneuver their vehicle.

The Virtual Showroom

In the current health climate, businesses across the country may still be limiting the number of patrons within their stores.

Dealerships also could be restricting the number of potential buyers within their showroom to follow local and state health mandates during the Covid pandemic. As some states continue to be hot spots, the effect of these restrictions could have more of an impact within certain geographic locations.

Yet, Coronavirus and the health restrictions (especially the weeks of shelter-in-place mandates required in many states) have forced many dealerships to seek out other ways to reach buyers.

The solution has gone virtual… and online. As conferencing platforms have taken over the boardroom, virtual reality apps and platforms have become the new normal for previewing a new car at a dealership.

Virtual showrooms are a different form of virtual reality. These unique online experiences give consumers the ability to shop for a new car at home, in private and without pressure. Yet, the experience is still quite similar to a real-life dealership showroom.

How Can Buyers Access a Virtual Reality Showroom?

Here’s how the virtual showroom works:

The virtual showroom allows potential buyers to see different features of each vehicle to help simplify the shopping process. Using the virtual showroom is especially beneficial for those who are comparing newer models of vehicles or who are simply researching options.

Virtual Reality Showrooms & Used Vehicles

Virtual reality showroom sites may provide consumers with older model vehicles on certain makes/models. However, for consumers on the hunt for a used vehicle , the research process may require a bit more due diligence. The VR showroom shows older models, but these models are simply models of the cars. They don’t show any potential flaws or damage that a used model on the lot could exhibit.

For this reason, buyers on the hunt for older cars can use VR sites and platforms for guidance, but they also should send an inquiry to the dealership to ask about any specific flaws or issues. Most dealerships offer photo slideshows of inventory, but never hesitate to ask for more information.

Coronavirus: The Short-Term Impact Might Not Be Short-Term At All

Virtual reality technology and offerings were wired into the automotive industry before Coronavirus wreaked its havoc.

While the impact of Covid has probably boosted the need for virtual reality showrooms and test drives for dealerships and manufacturers, it will evolve with the technology that guides and directs its design. Virtual reality will be a key feature in the automotive industry for the long haul.

For many consumers, virtual reality in the automotive industry may simply mean that they can go online or download an app and take a virtual test drive or shop for models via a virtual showroom. Executives in the industry, though, may understand that this technology will penetrate the automotive market in other ways; training has already integrated virtual reality technology for some companies.

Virtual reality has the potential to take the shopping experience into the fast lane; as Fortune Business Insights theorized, buyers could soon take virtual test drives on other planets… or somewhere exotic. Companies could let buyers into the driver’s seat in virtual race simulations to feel out the strength of the engine. The possibilities for how VR could be used in the automotive industry could be limited only by the imagination of the designers and engineers.

For the automotive industry, virtual reality could be the beginning of an amazing evolution in the buying process . As VR simulations advance and become even more true to life, there may be no need to ever visit a brick and mortar dealership. The right car could be just a click away, and virtual car shopping may become the new normal.

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Ford Bronco Reservations Surpass 150,000

Thu, 26 Aug 2021 09:00:00 GMT

Ford CEO Jim Hackett recently revealed on an earnings call with investors that the demand for the 2021 Ford Bronco has far exceeded the brand’s expectations. According to Hackett, over 150,000 customers have paid a $100 fee to secure a coveted reservation to order the vehicle.

The History of the Ford Bronco

The Ford Bronco , a two-door sports utility vehicle (SUV) was first introduced in 1965 as a rugged alternative to four-door SUVs already on the market. It was designed with a larger track width and coil spring front suspension, which made it ideal for traveling over a wide range of terrains from the roadside to the mountainside. The original model also featured a short wheelbase and lower turning diameter, which made it easier for drivers to safely turn around in tight spaces.

The first Ford Bronco model was an immediate success. But the Bronco became even more popular following the release of the second generation model in 1978. The second generation was designed with many of the same elements that made the vehicle ideal for off-roading. However, the new design also featured a larger platform and body, similar to those found on the Ford F-Series truck. Thus, the second generation model brought together the best of both worlds for consumers who loved the size of the F-Series but the ruggedness and unparalleled capabilities of the Bronco.

The design of the third generation Bronco, which was released in 1980, incorporated more luxurious amenities. This model was more fuel efficient and lighter than previous models. It was also designed with an independent front suspension as opposed to a solid front axle, which made riding over bumpy terrain far more comfortable. Despite these changes, the third generation Ford Bronco was still designed for the rugged, outdoor-loving automotive consumer.

The Bronco took on a new shape with the release of the fourth generation model in 1987. The fourth generation Bronco featured softer, sculpted edges instead of squared corners and right angles. Ford also made a number of safety upgrades on the fourth generation Bronco, such as the inclusion of a rear anti-locking brake system. Consumers were also given more interior options for the fourth generation. For instance, consumers could choose between a front bench seat or Captain’s chairs.

The final Bronco model, the fifth generation, debuted in 1992. The fifth generation model was known for its rugged exterior, yet luxurious and stylish interior. The new model was designed with an upscale sound system, illuminated mirrors, and other high-end features. The stylish look of the fifth generation wasn’t the only improvement—Ford also made several safety improvements to this model. Three-point seat belts were added to the rear seats and an airbag was added to the steering wheel beginning in 1994.

By the time the fifth generation was released, the Ford Bronco had been in production for nearly 30 years. But its popularity was slowly declining due to the rise in demand for four-door SUVs. As a result, the Ford Bronco was discontinued in 1996.

The Long-Awaited Return of the Ford Bronco

Ford first announced the return of the Ford Bronco in 2017 at the Detroit Auto Show. The announcement was met with awe and excitement from Ford fans, who have long awaited the return of this iconic vehicle.

Now, over three years later, the wait is almost over. Ford finally released more information regarding the release in July of this year. The manufacturer will release three new Broncos for the 2021 production year: the Bronco 2 (a two-door SUV), the Bronco 4 (a four-door SUV), and Bronco Sport.

Both the Bronco 2 and Bronco 4 will be manufactured in Michigan, whereas the Bronco Sport will be manufactured in Mexico. The Bronco 4 starts at $34,695, making it the most expensive of the three new models. Next is the Bronco 2, which has a base price of $29,995, followed by the Bronco Sport, which starts at $28,155.

The designs of all three of the vehicles are supposed to remind consumers of the past while also driving them forward toward the future. The three 2021 models are all just as rugged as the original Broncos, with wide frames and distinct edges. But the 2021 models feature a number of different customization options that were not available for earlier generations.

There are seven different versions of the Bronco 2 and Bronco 4, with 11 paint options and four content packages. The higher end versions, which are known as the Wildtrak and Badlands, are for consumers who plan on spending most of their time behind the wheel off-roading.

Both the Bronco 2 and Bronco 4 are designed with removable roof panels and doors to give consumers more flexibility. Additionally, the models are available in both soft and hardtops.

Ford is also planning on releasing hundreds of new accessories to make it even easier for consumers to customize their 2021 Bronco. These sporty accessories are designed to help consumers carry their kayaks, skis, and other gear with ease on their next adventure.

Unlike previous generations of the Bronco, innovative technology is also incorporated into the designs of the 2021 models. For instance, drivers who are off-roading can choose between seven different “driving modes,” which include normal, eco, sport, slippery and sand, baja, mud and ruts, and rock crawl. Allowing drivers to select their driving mode gives them yet another opportunity to customize their Bronco experience.

The Bronco 2 and Bronco 4 are also designed with the Ford SYNC 4 infotainment system. This unique system features an 8- or 12-inch display screen, voice control, GPS, and camera that allows drivers to see all the way around the vehicle without turning their head. Using the infotainment system, consumers can also access thousands of trail maps that they can use while exploring the great outdoors.

Reservations For the New Ford Bronco

The Bronco Sport will reportedly be available for sale at dealerships around the country by the end of this year, whereas the Bronco 2 and Bronco 4 will not be available until spring of 2021. But in the meantime, consumers who are counting down the days until the Bronco hits the market can pay a small fee to ensure they don’t miss out on the opportunity to purchase this iconic vehicle.

In July, Ford outlined its plan to allow customers to reserve a spot to order one of the new Bronco models. By paying a $100 fee, customers could land one of the spots on this short list.

So far, over 150,000 reservations have been made for the Bronco 2, Bronco 4 and Bronco Sport. Furthermore, Ford unveiled a limited First Edition model of the Bronco with a starting price of $60,800, more than twice the base price of the Bronco 2 and Bronco Sport. Despite this high price, all 7,000 of the limited number of these First Edition models have been reserved by consumers who are celebrating the return of the Bronco.

Ford has not revealed how many reservations they expected, but CFO Tim Stone has admitted that the number of reservations made so far has exceeded their initial expectations.

Ford’s President of the Americas & International Market Group, Kumar Galhotra, has also said that the company hopes to sell hundreds of thousands of Broncos per year once the vehicle officially hits the market. If the company is able to sell approximately 125,000 units per year, it could add about $1 billion to Ford’s annual pre-tax earnings, making it one of the manufacturer’s most profitable models.

Of course, these 150,000 reservations are not actual orders, just reservations. As a result, there’s no guarantee that every customer who paid the fee to secure a spot on the list will follow through with an order. Now, it’s up to Ford to determine how many of these reservations will actually turn into orders.

But for the time being, the brand could not be more pleased with the initial demand for the 2021 Bronco.

The Repositioning of Ford

In 2018, Ford announced that it would retire the Fiesta, Taurus, Fusion, and all other passenger car models besides the Mustang and Ford Focus Active. According to Ford, this would allow the company to focus solely on manufacturing trucks, SUVs, and crossovers. The decision to relaunch the Bronco is in line with this goal to shift their business exclusively to this segment of the automotive industry .

Experts believe that the 2021 Bronco will allow Ford to compete directly with Jeep, specifically with the Jeep Wrangler, which has not had a direct competitor since 2009, when the Hummer was officially discontinued.

However, Ford is not the only automotive manufacturer that is planning on stealing a chunk of the Jeep Wrangler’s market share. General Motors recently released a video that teased the return of the Hummer. But unlike the previous models, the new Hummer appears to be an electric vehicle rather than a fuel-powered vehicle. The Hummer is another iconic vehicle, so the return of this model could give Ford a run for its money.

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Top 10 Coolest Financial Technologies

Wed, 25 Aug 2021 16:50:00 GMT

Each year, we’re introduced to new ways how technology can improve our daily lives. Phones have evolved into tiny computers that let us surf the internet, text, watch videos and download music. Communication is at our fingertips every day, and technology has wired us into a web that encompasses nearly everything and everyone.

The Internet of Things (or IoT) allows us to control appliances, lights and more with our phones. Our cars run on computerized intelligence, too. Even our dollars and cents have gone digital, and technology has changed how we save, pay bills, invest and shop .

Ready to upgrade your finances? Here are the top 10 coolest financial technologies.

Remember playing a computer nemesis on a video game, and how you always seemed outsmarted? This could be the future for stock trading. Right now, you can invest online with sites like TD Ameritrade, but a n article on CNBC reports that the future of trading might include a virtual assistant (kind of like Siri or Alexa ) that invests per your specifications and that, in the future, it’s quite possible that “artificial intelligence and Watson-type entities will replace many analyst jobs because it will be very difficult for humans to sort through the massive amounts of information that will be generated.”

Alt Text: A smart phone displays an online banking site; credit cards rest next to the phone to illustrate financial accounts.

Many, if not all, banks offer online bill pay as a convenience to customers. While online banking might seem like old news to many of us, even this platform is evolving. Not only can you schedule payments, but banks also allow online transfers between accounts (in accordance with government regulations).

The convenience of online bill pay also means that some banks allow for bills to be deducted from the account within a day or so , and this makes accounting much easier for many of us. No one longs for the days when checks didn’t clear for a week…or more.

Identity theft has become much too common, and many consumers are leery of swiping credit or debit cards for fear of having information stolen. Technology has given rise to online payment companies that make it easy (and relatively safe) to make purchases online, at stores and to pay friends, too.

Paypal has become one of the top companies for paying for goods/services and for being paid for services rendered. Companies that employ freelancers also tend to rely on Paypal as it makes it easy to securely pay invoices. However, like any online account, Pay Pal could be hacked if you aren’t careful. Keep login information safe and don’t share it with anyone.

Apple Pay and Google Pay are newer services that let users make payments at stores, restaurants and online. However, not every merchant accepts this method of payment. Apple Pay and Google Pay both let users send money to friends.

Venmo, however, is a great app for sharing costs with friends . This service allows you to pay back friends, pick up your portion of a tab at a restaurant, an Uber ride and more.

Don’t have time to go to a bank to apply for a loan? Head online. Many companies allow clients to apply for loans online and even shop rates . You can apply for a car loan, a credit card, a mortgage or personal loans from the comfort of home. This digital option isn’t for everyone, and some people prefer the face-to-face experience of a banker.

If you’ve made an expensive purchase online, you know that, in many instances, financing is available. Companies like Affirm allow customers to make monthly payments on their luxury or high-priced purchases sot that the hit to the budget seems more manageable. Interest rates may be incredibly low (sometimes 0 percent). Technology has allowed these decisions to be made online at the time of purchase without heading to a bank or dealing with a salesperson.

Not sure how you score when it comes to your credit? Sites like Experian, Equifax and TransUnion can help you see your score. Equifax also recommends visiting www.annualcreditreport.com . Your scores may be different for each of the three bureaus , and sites may use different software to compute your scores. However, checking your scores will give you a good idea how you might rate.

According to CNBC, the term “unbanked” refers to individuals who don’t have access to banking . These may be individuals who cannot qualify for a checking account and, therefore, need another means to pay bills and save their money. A survey by the FDIC found that in 2017 more than eight million households were classified as unbanked.

Technology has evolved to meet the needs of this sector, and services for unbanked individuals can include cards that work like debit or credit cards with funds that can be reviewed via an online account. TechCrunch reported that PayPal was expanding services to include debit cards and direct deposit options for those who are unbanked.

Alt Text: A Bitcoin app is open on a smartphone, with Bitcoins surrounding the device.

Bitcoin and other ‘cryptocurrency’ are an alternative to traditional currency. Purchase this currency and use it to pay for services and goods. You can also sell Bitcoin and other cryptocurrencies. Since this digital currency is still relatively new, not all merchants accept it for payment.

Need help paying medical bills? Want to find investors to help fund a startup? Enter crowdfunding or crowdsourcing platforms . These companies help raise money for whatever the cause may be, and sites like GoFundMe have been a means for many to get help with emergencies. Unfortunately, these sites have been abused, too, and not every online campaign is legitimate…so donate with caution. If you need financial assistance and want to start a campaign, or if you’re helping a friend or loved one by starting a crowdfunding campaign, talk to a tax professional first (there may be tax implications).

There are two certainties in life: death and taxes! Financial technology has hit the tax sector, too. Many local tax collectors offer online payments for personal property taxes. Even the Internal Revenue Service offers Direct Pay to make paying tax bills easier. These options are separate from your bank’s online payment system.

Financial technology has digitized our dollars and cents. While we have grown accustomed to online banking and bill pay, in a few years something new could further transform how we manage our money and our investments. Artificial intelligence may be the brains behind our stock purchases, cryptocurrency could displace dollars, and brick and mortar banks could be a thing of the past. Technology advances at light speed, and the possibilities are endless for the future of finance.

The post Top 10 Coolest Financial Technologies appeared first on (EN) 1(800) Car-Title® .

How Much Title Loan Can I Get for My Car?

Fri, 20 Aug 2021 09:00:00 GMT

If you’re ever in a tough spot financially, you might be able to use your car to obtain a title loan , which may help you get your finances back on track.

A title loan is a type of secured loan that borrowers can obtain by using the title to their car as collateral. If you are approved for a title loan, you can continue to drive your vehicle as you normally would .

If you need some cash for unexpected expenses, you might be wondering, “ How much title loan can I get for my car ?” Here’s what you need to know:

What Factors Affect the Title Loan Amount?

Several factors will impact how much you are able to borrow through a title loan. The first factor is your ability to repay the loan .

You will need to submit proof of income during the title loan application process . This allows your lender to verify that you have a reliable source of income. It also allows your lender to see how much you make per month, which the lender will take into consideration when determining how much you can borrow.

The second factor is the value of your vehicle , which will have the biggest impact on the amount of your title loan. Remember, your car is used as collateral to secure your title loan. Your lender needs to know your car’s value so they know how much they will be able to recoup if they need to take possession of your car to satisfy your debt.

To calculate your car’s value, your lender will evaluate its make, model, age, mileage, condition, and trim level . Every car is unique, but in general, newer cars that are in fairly good condition are worth more than older cars.

Another factor that will impact the amount you are approved to borrow is your equity in your vehicle. Equity is defined as the value of an asset after all liabilities are cleared . In other words, equity is the difference between your car’s resale value and the amount you still owe on the car.

For instance, say your car has a resale value of $10,000 and you still owe $3,000 on it. This means you have $7,000 of equity in your car ($10,000 – $3,000).

You must have equity in your car to qualify for a title loan . The amount you borrow cannot exceed the value of your equity. Title lenders will only allow you to borrow up to a certain percentage of the value of your equity.

How Can I Find Out How Much My Car is Worth?

Finding out how much your car is worth can give you a better idea of how much you might be able to borrow with a title loan. Fortunately, there are several simple ways to estimate the value of your vehicle.

Your first option is using an online vehicle valuation tool such as Kelley Blue Book . To use this tool, enter some basic information about your car, including its make, model, mileage, and condition. After submitting this information, the tool will calculate how much your vehicle is worth. Make sure the information you provide is correct, otherwise the estimation may not be accurate.

Kelley Blue Book is known for providing reliable and accurate valuations. In fact, many lenders rely on Kelley Blue Book when calculating the value of borrowers’ cars.

You can also use the free car value estimation tool on our website to find out how much your vehicle is worth. It only takes a few minutes to fill out this form. Once it’s submitted, a loan officer will contact you.

It’s important to note that using Kelley Blue Book or our car value estimation tool will only provide you with the value of your vehicle. These tools will not factor in your equity in the vehicle or tell you how much you are approved to borrow. You must speak to a loan officer and initiate the process of applying for a title loan to find out how much you can borrow.

Does My Car Need to Be Paid Off to Get A Title Loan?

Many people take out auto loans if they don’t have enough cash to cover the purchase of a new or used vehicle . If you financed your car, you may wonder whether you will qualify for a title loan if you are still making payments on your auto loan.

Having an auto loan does not automatically make you ineligible for a title loan , but your eligibility will depend on how much you still owe on the vehicle. Why? The more you owe on your auto loan, the less equity you have in your car.

You may not qualify if you don’t have much equity in your vehicle due to your outstanding auto loan. But if you only have a few payments left, this shouldn’t affect your eligibility for a title loan.

How Much Title Loan Can I Get for A Motorcycle or RV?

You don’t have to use the title to your car as collateral to secure a title loan. You also have the option of using the title to your motorcycle or RV.

If you own both a car and RV, you may want to use the title to your RV as collateral instead of the title to your vehicle. Why? The value of the vehicle you are using as collateral will play a major role in determining how much you are approved to borrow. RVs are typically worth more than standard passenger vehicles, so using the title to your RV as collateral could increase the amount of your title loan .

If you plan on using the title to your motorcycle as collateral, it’s important to note that there are often lending caps on motorcycle title loans .

Am I Eligible for A Title Loan?

The eligibility requirements for a title loan are not the same as the eligibility requirements for a standard personal loan. Because of this, you may qualify for a title loan even if you were denied a personal loan.

Here are some of the eligibility requirements you must meet to qualify for a title loan :

If you believe you qualify, you can prepare for the application process by gathering your documentation. You will need to submit a driver’s license or another form of government-issued ID, the title to your vehicle, proof of income, and proof of residence.

How Can I Get A Title Loan?

Applying for a title loan is simple. Here’s how it works:

Don’t wait any longer to use your car to secure the money you need to make ends meet. Contact us today .

The post How Much Title Loan Can I Get for My Car? appeared first on (EN) 1(800) Car-Title® .

How Do Title Loans Work?

Fri, 20 Aug 2021 09:00:00 GMT

If you are unable to cover unexpected expenses , you’re not alone. Many people experience financial hardship at some point in their lives. But fortunately, there is a way to secure the cash you need to resolve your financial woes.

A title loan may be able to provide you with the fast cash you need to overcome your financial challenges. But before you apply, it’s important to understand the basics of title loans. How do title loans work ? Here’s what you need to know:

What is a Title Loan?

If you are in need of fast cash , you may be able to take out a title loan by using the title to your car, motorcycle, or RV as collateral. You won’t have to give up your vehicle in order to get the cash, though. The lender will put a lien on the title to your vehicle if you are approved for a loan. Once you completely pay off your loan, the lien will be removed from your vehicle’s title.

In other words, you can continue to drive your vehicle as you normally would while you repay the lender. However, the lender can take possession of your vehicle if you stop making payments on your loan.

How Much Can You Borrow Through a Title Loan?

Title loan amounts will vary depending on several factors, including:

Your Vehicle’s Value

Because the title to your vehicle is used as collateral , the value of your vehicle plays a major role in determining how much you can borrow. To calculate the value of your vehicle, the lender will take a number of factors into consideration, including its make, model, year, condition, mileage, and trim level .

Title lenders will typically allow you to borrow up to a certain percentage of your vehicle’s value . So if your vehicle is valued at $10,000, you may be able to borrow a maximum of 80%, or $8,000. This rule can vary from lender-to-lender, so it’s best to talk to your lender to learn more about their guidelines.

Equity

The title lender will also need to calculate how much equity you have in your vehicle before determining how much you can borrow. Equity is the difference between your vehicle’s resale value and how much you still owe on it .

If your vehicle is worth $5,000 and you owe $3,000 on it, for example, this means you have $2,000 of equity in your vehicle. Your lender may allow you to borrow up to a certain percentage of your equity.

But if you owe more than your vehicle is worth, this means you do not have equity in your vehicle. You will not qualify for a title loan if you don’t have equity in your vehicle.

Your Monthly Income

The final factor that will affect how much you are able to borrow through a title loan is your monthly income.

Your title lender will need to see some form of proof of income during the application process. This gives the lender the opportunity to verify that you have a reliable source of income. It also allows the lender to see how much you earn every month, or in other words, your monthly income.

Your lender will take this into consideration when determining your title loan amount to ensure you do not borrow more than you can afford to repay .

Type of Vehicle

You can use the title to your car, RV, or motorcycle to secure a title loan. The type of vehicle you use as collateral will impact how much you are able to borrow.

If you find yourself in the situation where you need as much cash as possible and have an RV, you may want to consider using the title to your RV as collateral . This is because RVs are typically worth more than passenger vehicles and motorcycles , so you may be able to borrow more money by using an RV title as collateral.

What Are the Benefits of Title Loans?

There are many benefits to taking out a title loan with 1(800) Car-Title, including:

What Do You Need to Apply For A Title Loan?

If you are thinking about applying for a title loan, here’s what you should be prepared to submit to the lender:

If you cannot find the title to your vehicle, contact your lender right away. Your lender can help you track down a missing title so you can complete your title loan application .

It’s important to note that you cannot use a salvage title as collateral to secure a title loan . It is very hard to estimate the value of a vehicle with a salvage title. For this reason, title lenders do not accept salvage titles as collateral for these loans.

However, you can use a title that has another party’s name on it as long as your name is also on it.

How Can You Apply For a Title Loan?

You won’t have to fill out stacks of paperwork in order to apply for a title loan. Follow these simple steps to submit a title loan application with 1(800) Car-Title:

Don’t wait any longer to secure the cash you need–take the first step toward resolving your financial troubles by applying for a title loan today .

The post How Do Title Loans Work? appeared first on (EN) 1(800) Car-Title® .

Is It Hard to Get A Title Loan?

Fri, 20 Aug 2021 09:00:00 GMT

Your car is one of the most valuable assets you own, so if you are strapped for cash, your car might be the solution to your financial troubles. How? You may be able to use the title to your vehicle as collateral to secure a title loan.

You don’t have to give up your car to get cash with a title loan. You keep your car, which means you can continue to drive it as you normally would while you repay your loan. If you need cash fast, you may be wondering how challenging it will be to take out a title loan. Is it hard to get a title loan ? What are the eligibility requirements? Here’s what you need to know:

Do I Qualify for A Title Loan?

The title loan eligibility requirements may vary from lender to lender. In general, you must meet these conditions to be eligible for a title loan:

If you aren’t sure whether you qualify for a title loan, feel free to reach out to a lender to discuss your eligibility.

How Much Does My Car Have to Be Worth to Qualify for A Title Loan?

Your vehicle must be worth more than the amount of money you borrow. Your vehicle must also meet a minimum value requirement established by the lender, otherwise you cannot use its title as collateral for a title loan . However, the specific minimum value requirement can vary from lender-to-lender.

Most vehicles will qualify, but newer cars or cars that are less than 10 years old are preferred by title lenders. Fortunately, it only takes a few minutes to contact your lender and find out if your vehicle qualifies.

How is the Value of My Vehicle Determined?

Your title lender will need to calculate the value of your vehicle during the application approval process. Title lenders consider many factors when calculating the value of a vehicle, including:

You can contact your title lender to find out the estimated value of your vehicle.

What Do I Need to Apply for A Title Loan?

You will need to submit certain documents during the title loan application process , including:

If you need cash fast, you may want to start gathering these documents now so you can complete your application quickly.

The most important document you will need to submit is the title to your vehicle. If you’re having trouble locating the title to your vehicle, contact your lender for assistance. A loan specialist can help you track down your missing title so you can complete your application.

The application process can vary, so your lender may ask you to submit additional documentation. Talk to your lender to find out exactly what needs to be submitted to avoid unnecessary delays in the processing of your application. The sooner you submit the required documentation, the sooner you can get approved and get the cash you need .

Can I Get A Title Loan If I’m Unemployed?

You must have a reliable source of income to get approved for a title loan. Why? If you don’t have a reliable source of income, you may not be able to repay the loan. To avoid this problem, the lender will ask you to submit proof of income during the application process.

Some borrowers assume that this means they will not qualify for a title loan if they are unemployed, but that’s not necessarily true. Being unemployed will not automatically make you ineligible for a title loan. You can still qualify for a title loan as long as you have another source of income.

For example, if you receive Social Security benefits, you may still qualify for a loan even if you are unemployed. This is because your benefits could be considered a reliable source of income. You might also qualify if you are currently receiving other types of benefits, including veterans’ benefits, workers’ compensation, and disability benefits.

Can I Get A Title Loan With Bad Credit?

If your credit score isn’t perfect, you may get nervous when you see that you need to consent to a credit check when applying for a title loan. A less-than-perfect credit score may prevent you from getting approved for a traditional loan, but will it impact your eligibility for a title loan?

Your lender will take your credit into consideration when determining your eligibility for a title loan. But your credit is only one factor that could affect your eligibility . Title loan approval is based primarily on two other factors: the value of your vehicle and your ability to repay. Because of this, most credit types are accepted by title lenders.

It’s important to note that your credit can also impact other terms of your loan, including your annual percentage rate (APR) and interest rate.

Can I Get A Title Loan If I’m Still Making Payments on My Car?

Most people don’t have enough cash to cover the purchase of a new or used vehicle, so they finance it by taking out an auto loan instead. If you financed your vehicle, you may wonder whether this makes you ineligible for a title loan. The short answer? You may qualify for a title loan even if you are still making payments on your auto loan, but your eligibility could depend on how much you still owe.

Your lender will consider many factors when determining whether you are eligible for a title loan, including your equity in your vehicle.

Your equity is the difference between the value of your vehicle and the amount you still owe on it. So if you owe $1,000 on a car valued at $5,000, you have $4,000 in equity.

You must have equity in your vehicle to qualify for a title loan. If you owe more than the vehicle is worth, this means you do not have equity, so you cannot use the title to this vehicle as collateral.

Many people who still have a few payments left on their vehicle are approved for title loans . It’s best to talk to your lender if you aren’t sure whether you will qualify due to your auto loan.

Can I Get A Title Loan If Someone Else’s Name Is on My Title?

Your name must be on the title that you plan on using as collateral to secure a title loan. If it’s not, you cannot use this title as collateral. But this does not mean that your name has to be the only name on the title to your vehicle. If someone else’s name is on the title with yours, you can still use the title as collateral for a title loan. As long as your name is included on the title, it can be used as collateral.

Is the Title Loan Application Process Difficult?

One of the best parts about title loans is the simple and straightforward application process. You won’t need to fill out stacks of paperwork or spend weeks talking to your lender in order to apply for a title loan.

Start the Application Process Today

If you’re ready to apply for a title loan with 1(800)Car-Title®, follow these simple steps:

The entire title loan application process can be completed quickly so you can get the cash you need right away.

The post Is It Hard to Get A Title Loan? appeared first on (EN) 1(800) Car-Title® .

Can I Get a Title Loan Without Proof of Income?

Thu, 22 Jul 2021 09:00:00 GMT

If you’re considering a car title loan , you may be trying to hunt down information about how to apply and what documents are necessary for the application process. One question applicants may ask involves income requirements: “Can I get a title loan without proof of income?”

1800CarTitleLoans requires that applicants submit proof of income to qualify for a car title loan. However, don’t despair. Even if you are not working right now, we can use other sources of income, such as disability payments, unemployment, and any other source of income that you may have.

My Car is the Loan Collateral, So Why Do I Need Proof of Income?

Car title loans use the equity of your car as the loan collateral . For this reason, you cannot borrow more than your car’s equity value. In addition, there may be other lending limitations per state laws .

While the equity is the collateral, you still need to show proof of income. Lenders want proof that you have the means to repay the loan.

What Qualifies as Proof of Income?

Typically, most full-time and part-time jobs will provide proof of salary or compensation in the form of a pay stub. If you have a job that provides pay stubs, this is an easy way to prove income. Your pay stub might not be a paper document, though. You may need to go online to view each pay period and print out copies.

Paid via paper check? Your pay stub should be attached. Your ‘stub’ is the part of the check that shows the breakdown of your earnings (like taxes, any deductions, etc.)

There are other ways to show proof of income , including but not limited to:

What if you’re a contract employee and don’t have a standard proof of income? If you’re concerned about what documents may be necessary to show proof of income, contact a lending specialist. Some freelancers receive payments electronically. However, it’s best to reach out so you know what documents you can use.

How Much Will a Title Loan Give Me?

Proof of income is important, as it validates to lenders that you have the ability to repay the loan. When you have proof you can repay the loan, how much will a title lender give you?

Car title loans are, again, primarily based on how much equity you have in your car. State laws also may determine the maximum or minimum lending amounts. You also cannot borrow more than your vehicle’s equity value.

Can I Get a Title Loan Without a Title?

There are specific documents you need in order to qualify for a title loan . Income documents are required but applicants also must have access to their car’s title. Can you get a title loan without a title?

Individuals who cannot find their car title can still apply for a car title loan. Loan specialists will work with applicants to help track down a missing title. While you cannot secure a car title loan without a valid title, we can assist in finding the title. However, missing titles could cause a delay in the approval process.

Can I Get a Title Loan Without Bringing in My Car?

A title loan amount is based on the equity in your car. Many factors affect the resale value of a vehicle, including:

Lenders may need to assess your car to determine value. Although information about your car can be found by researching the car’s details through the VIN , lenders also could request to see your vehicle to further determine value. Whether or not you actually need to bring in your vehicle may depend on the lender.

Applying For a Title Loan with 1800CarTitleLoan

1800CarTitleLoan requires some form of proof of income in order to qualify for a title loan. Again, if you have any questions or concerns about what qualifies as proof of income, please reach out to one of our loan specialists.

Interested in applying for a car title loan? You can obtain a free quote to get an idea about the value of your car or just begin the application process online.

The post Can I Get a Title Loan Without Proof of Income? appeared first on (EN) 1(800) Car-Title® .

Online Title Loans: What to Know Before You Apply

Thu, 17 Jun 2021 09:00:00 GMT

More than two million people in the U.S. take out title loans every year. The online title loan process varies from lender to lender, however, applying for a title loan can be much simpler and easier since you may not need to visit the lender in-person to apply for the cash you need.

If you’re in need of fast cash, an online title loan could be the solution. But first, here’s what you should know about online title loans :

How Do Online Title Loans Work?

A title loan is a type of secured loan, which means it is backed by collateral. If you apply for an online title loan, you will need to use the title to your vehicle as collateral .

Many people think they will need to hand over the keys to their car if they are approved for a title loan, but that’s not the case. You won’t need to give up your vehicle in order to get cash through a title loan. Your vehicle will remain in your possession while you make payments to your lender.

However, the lender will place a lien on the title to your vehicle until your loan has been repaid. Once you finish making payments, the lender will remove the lien from your title . The lender will only take possession of your vehicle if you default on your loan.

How Much Will I Be Able to Borrow Through A Title Loan?

The title loan amount you are approved for will depend on several factors, including:

Your Income

Title lenders will not allow borrowers to borrow more than they can afford to repay, which is why your monthly income will affect your title loan amount .

State Laws

The state you live in could also impact how much you are approved to borrow. This is because some states have established title loan minimums and maximums that all title lenders must comply with.

For example, the state of Missouri has established a maximum title loan amount of $5,000. In New Mexico, however, the maximum title loan amount is $2,500.

If you live in a state with these laws, this could impact how much you are able to borrow through a title loan.

Your Vehicle’s Value

The value of your vehicle could have the biggest impact on the amount you are approved to borrow through a title loan. Remember, the title to your vehicle is used as collateral, which means if you stop making payments, your lender can take possession of your vehicle to satisfy your debt. Because of this, most title lenders will not allow borrowers to borrow more than what their vehicle is worth .

Title lenders consider many different factors when calculating the value of a vehicle, including the make, model, year, mileage, and condition . Each of these factors could affect the vehicle’s resale value.

Equity

Another factor that will impact the amount you are approved to borrow is your equity in the vehicle.

The term equity refers to the difference between the resale value of your vehicle and the amount you still owe on your vehicle . For example, if your car has a resale value of $10,000, but you still owe $3,000 on your original auto loan, this means your equity in the vehicle is $7,000.

Can I Get A Title Loan Without Proof of Income?

You will need to submit proof of income in the form of tax returns, pay stubs, or other documentation to most lenders during the online title loan application process. This allows the lender to review your income to determine whether or not you are capable of making regular monthly payments, and if so, in what amount.

Most title lenders will not approve your application unless you are able to provide this proof of income. However, it’s important to note that “proof of income” does not necessarily mean “proof of employment.”

If you are unemployed, you may still qualify for a title loan as long as you have some other source of income. You can also add a co-signer to your title loan if necessary.

Do I Need Good Credit For A Title Loan?

Many borrowers assume that they won’t qualify for an online title loan if their credit score is low. However, a low credit score may not automatically make you ineligible for a title loan.

Lenders don’t take on as much risk with title loans because they are secured by collateral. For this reason, lenders may be more willing to lend to borrowers with low credit scores. This is what makes an online title loan an option for people who have been turned down for traditional loans in the past due to their credit scores .

Although a low credit score may not make you ineligible for a title loan, it could affect other loan terms, including the interest rate.

How Long Does It Take to Get A Title Loan?

In general, applications for online title loans are approved quickly, and may be quicker than applications for traditional personal loans .

If you need cash in a hurry, you can speed up the approval process by submitting the required documentation as soon as possible. The sooner this documentation is submitted, the faster your lender can process your loan and provide you a decision.

The amount of time it will take to get an online title loan can vary on a case-by-case basis. But in many cases, borrowers could get same day approval , which means they could get their cash on the same day they submit their application. Funding time, of course, varies depending on the lender and their requirements.

Where Can I Get A Title Loan Fast?

It’s important to choose the right title lender who can help you get the cash you need as quickly as possible. Look no further than 1(800) Car-Title®! Applying for an online title loan with us has never been easier. Follow these steps:

That’s all it takes. The application process is simple and straightforward, so you will never need to jump through hoops to apply for the money you need .

1 Loan approval is subject to meeting the lender’s credit criteria, which include demonstration of ability to repay the loan. Not all applications will be approved.

The post Online Title Loans: What to Know Before You Apply appeared first on (EN) 1(800) Car-Title® .

Who Does Title Loans?

Wed, 16 Jun 2021 21:06:00 GMT

These are unprecedented times, and consumers are responding in kind when it comes to paying bills and managing debt in the face of economic uncertainty . Auto title loans can be an effective and easy way to get the cash you need fast without altering your lifestyle. But where can you go to get a title loan? Find out who does title loans and some of the benefits of choosing this financing option :

What is an Auto Title Loan?

It’s important to understand the basics of title loans before you start searching for the right lender for you. Simply put, a car title loan is financing that uses your car as collateral. The amount you can borrow largely depends on the value of your car , but you do not have to give up driving it.

Even if you don’t have good credit, you may still be able to borrow with this method. Typically, car title loans range from a few hundred to a few thousand dollars, depending on the value of the borrower’s collateral.

You can use your funds for anything legal, meaning paying off bills or down payments. If you need to borrow money quickly and don’t want to go through the lengthy process of obtaining a traditional loan, auto title loans are a convenient and often low-cost solution to your short-term financial issues.

Who Provides Title Loans?

Auto title loans are typically offered by designated creditors who specialize in this type of financing. This simplifies the process and makes the transaction quicker and easier for everyone.

Licensing and registration requirements for title lenders vary from state-to-state. But every lender must comply with the requirements in their state to legally offer title loans to consumers.

Title lenders can operate online or out of brick-and-mortar stores. This means you have the option of applying for a title loan online or in-person–whatever is most convenient for you.

What Should You Look for When Choosing a Title Lender?

All title lenders are not created equally. If you are considering applying for a title loan, it’s important to find a lender with these qualities:

How Do I Apply for a Title Loan?

Even if you’re still staying home, you can apply for an auto title loan without leaving your house. You can start this process with 1800CarTitleLoan using our easy online application , you in minutes. Here’s what to do:

The application process is simple, but if you have any questions, don’t hesitate to contact us for assistance.

How Long Do I Have to Pay Back the Loan?

The repayment period of your title loan depends on the terms you set with your creditor on an individual basis. But title loans are typically taken out for 1- to 3-year periods.

In general, the sooner you pay off your loan the better. At 1800CarTitleLoan, there are no prepayment penalties. The sooner you pay off your loan, you will reduce the amount of interest owed during the lifespan of the loan.

Can You Get a Co-Signer on a Title Loan?

In many cases, having bad credit will hinder your ability to obtain traditional financing. While auto title loans are great for borrowers who have poor credit, there are a variety of reasons why one might choose to apply with a co-signer.

You can cosign an auto title loan , as long as the additional borrower provides the same (satisfactory) application materials. The co-signer is responsible for fulfilling the same criteria as the primary applicant .

How Much Can I Get with a Title Loan?

It’s very easy to get approved for an auto title loan, but the amount you’re able to borrow depends on these key factors :

According to the FTC , car title loans often are for an amount that is 25% to 50% of the value of the car. On average, title loans are granted for $500- $5,500, but for some lenders, they can be for $10,000 or more. The amount largely depends on the factors listed above.

Auto title loans are a fast, headache-free way to get out of debt or get ahead of your financial goals. Contact us today to see if an auto title loan is right for you.

1 This is not a guaranteed offer of credit. Loan approval is subject to meeting lender’s credit criteria, which include demonstration of your ability to repay the loan, providing collateral of acceptable value and equity, and the grant of a first priority lien on your motor vehicle. Due to the Military Lending Act, installment loans secured by the borrower’s motor vehicle are not offered to military members or its dependents.

The post Who Does Title Loans? appeared first on (EN) 1(800) Car-Title® .

How Much Are Title Loan Payments?

Wed, 16 Jun 2021 09:00:00 GMT

Many people who need cash fast or who don’t qualify for traditional loans turn to title lenders during times of financial hardship. The amount of funds a car title loan may provide is determined by various factors, including the value of your car, how much cash you’re looking to receive, and your ability to repay the loan.

If you are considering a car title loan , it’s important to determine whether or not you will be able to afford the monthly payments. How much are title loan payments? The answer to this question will depend on several factors , including:

How Much Will I Be Able To Borrow Through A Title Loan?

The first factor that will affect your monthly payments is the title loan amount, which is the amount you are borrowing from the lender. The less you borrow, the lower your monthly payments will be.

The amount you are able to borrow through a title loan will depend partly on the value of your vehicle. In most cases, you cannot borrow more than your car is worth. To determine the value of your vehicle, the lender will need to inspect it. Factors such as the make, model, age, mileage, and condition of the vehicle will be considered when calculating its value.

The lender will also need to see proof of income before determining how much you are able to borrow. This is necessary so the lender can figure out how much you can afford to pay on your title loan debt every month.

The laws in your state may also play a role in determining how much you are able to borrow. A number of states have established laws that set minimums and maximums for title loans. Your lender must comply with these laws if you are approved for a loan.

The type of vehicle you use as collateral could impact your loan amount as well. RVs are often worth more than cars, so you may be approved for more if you use the title to your RV as collateral rather than the title to your car.

What Are the Interest Rates on Title Loans?

The interest rate on your title loan will also impact your monthly payment. According to FTC Consumer Information , lenders often charge an average of 25% in interest charges per month to finance a title loan.

But interest rates can vary depending on where you live. For example, interest rates on title loans in Utah can be as low as 35.99%, [TB1] whereas interest rates on title loans in Missouri may range from 59.99% to 139.99%.

Your credit history can also affect your interest rate. Lenders will typically offer lower interest rates to borrowers with good credit scores.

How Long Do You Have to Pay A Title Loan?

Borrowers are often given many years to repay certain types of loans such as home mortgages. But a title loan is a short-term loan , so most title loans must be repaid within 24-48 months.

The loan term can vary on a case-by-case basis. Be sure to read the terms and conditions of your loan to understand how much time you will have to pay it off.

What Happens If I Can’t Pay My Title Loan?

It’s never wise to borrow more than you need or can afford. If you are unable to make payments on your title loan, the lender can take ownership of your vehicle in order to repay your debt.

Can You Pay Your Title Loan Off Early?

If you’re struggling to make payments, consider refinancing your title loan to lower your monthly payments. This way, you can continue repaying your debt and you won’t lose your vehicle to your lender.

Start the Title Loan Application Process Today

It’s never been easier to apply for a title loan. Follow these steps to apply for a title loan online :

That’s all it takes to get the cash you need as quickly as possible!

The post How Much Are Title Loan Payments? appeared first on (EN) 1(800) Car-Title® .

Can I Get a Title Loan on a Financed Car?

Fri, 21 May 2021 09:00:00 GMT

You might be looking for additional money but have found that you don’t qualify for traditional loans. If you’re looking for a car title loan but are still making payments on your current auto loan, can you get a title loan on a financed car?

The answer depends on the amount of equity in your car. If your car’s value is more than what you owe on the original auto loan, then, yes, you may qualify for a title loan [KL1] [AD2] . The value of your car, however, is dependent on a number of factors:

A Little Equity is OK, Right?

Once you know the value of your car, and you check how much you have paid on the loan, you’ll have an idea about how much equity you have in your car.

You can get an estimate to help understand the value of your car and to get an idea if a title loan is an option. Quotes are free, but they are not a guarantee of any amount and they are not an approval for a title loan . The quote and estimation tool are simply for educational purposes.

You might have a car where the balance has been paid down a bit. There’s equity, so a title loan is an option, right?! This gets a bit complicated, and here’s why. Yes, you may have paid down a few thousand on your car. That’s great! However, the value of a car decreases by about 10 percent in the month after it is driven off the lot . Plus, the condition, mileage, age and make and model all factor into the value, too. If that car is a used vehicle, age plays into the value. If you drive the car often and have a long commute, the mileage also could be high and decrease the value.

So How Much Equity Do I Need?

Every state may have its own legal guidelines for title loans. Some states mandate minimum loan value requirements. This means that your car must have a certain amount of equity to qualify for a title loan.

Generally, the equity in your car must meet certain guidelines to qualify for a title loan. Other states may have loan maximum guidelines. All loans must adhere to state laws and guidelines.

I Need More Money, Can I Specify a Certain Amount?

Depending on the lender, you can ask for a specific amount based on your needs, however, you may not be approved for that amount. Also, again, depending on the lender, the loan may only be written up to the value of the equity in your car.

If state laws place a maximum lending threshold, that amount represents the highest loan value regardless of the equity value.

Since the loan amount is in part based on the amount of equity in your car (which acts as the loan collateral), there is no guarantee of the loan value prior valuation of your vehicle.

How Can I Use the Money?

Most lenders have no stipulations on how you can use the money from a car title loan. Use it to pay unexpected expenses or to help meet monthly needs if money is tight. However, what you borrow must be paid back, so we advise not using more than what you need. Just because you are approved for a specific amount doesn’t mean you have to access that full amount. Title loans are meant to be short-term loans that are paid back quickly. 1

If you want to get a better idea about the value of your car, use our free online quote tool . Or call us at 1(800)CAR-TITLE and talk to a loan representative.

1 Funds received must be used for legal purposes only.

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Should I File for Bankruptcy?

Fri, 21 May 2021 09:00:00 GMT

Disclaimer: The contents of this website are intended to convey general information only and not to provide legal advice or opinions. Users of this website should contact their attorney to obtain advice with respect to any particular legal matter, including bankruptcy. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction.

When drowning in debt, you might ask yourself: should I file bankruptcy? As Nolo points out, earning too much money a year can leave you unable to file for Chapter 7 (which wipes out dischargeable debt). Failing the ‘means test’ for Chapter 7 may leave debtors to look into filing Chapter 13 instead.

Should I File Bankruptcy? Chapter 7 vs. Chapter 13

Filing bankruptcy as a consumer (not a business) offers two options: Chapter 7 and Chapter 13. There are many differences between these two filings.

In Chapter 7 , you can lose your property, because everything you own (that isn’t exempt) can be sold to pay off creditors. Filers are allowed certain amounts of property that they can keep (known as exemptions) and these exemption guidelines may vary by state. You can lose your home, car or other property if the equity value exceeds the equity exemption allowed.

However, in Chapter 13, your property is usually unaffected . Experian notes that Chapter 13 is a “reorganization bankruptcy,” and you continue to make payments to creditors. However, if you fail to adhere to these payments, then your property could be affected.

Cost to File Bankruptcy

The costs associated with filing bankruptcy may exceed what those who are struggling can afford financially. For some families, filing for bankruptcy is financially unfeasible.

To file for Chapter 7, the costs can soar beyond $1,000 with filing costs and attorney fees (the filing fees varies by state). The bankruptcy law changes made in 2005 also stipulated that those who file for bankruptcy must complete a credit counseling course . Costs may also nudge higher if you want to file a reaffirmation agreement on a loan.

What does it mean to reaffirm? If your home or car has an equity value below the exemption amount and your payments are affordable, you may elect to reaffirm the loan. A reaffirmation agreement basically means that the debt remains yours—you `reaffirm’ the terms of the loan. An attorney may advise against entering into a reaffirmation agreement because it leaves the debtor vulnerable in the future.

If you reaffirm a loan and two years later run into more financial struggles, you are legally obligated to pay the debt …whether you can or not. Your failure to meet the financial agreement could lead to repossession or civil action from lenders to demand payment. If you don’t reaffirm a loan, the debt is legally discharged in bankruptcy (Chapter 7) and a lender cannot take legal action. You can elect to keep paying mortgage or car payments (if the vehicle or home wasn’t sold during bankruptcy). However, the lender still holds a lien on the secured property.

How Long Does Bankruptcy Stay on Your Credit Report?

If you have elected to file for bankruptcy, you may be curious as to how long the bankruptcy will affect your credit. Unfortunately, Chapter 7 stays on a credit report for about 10 years. However, Chapter 13 only dings your credit report for seven years .

There is a bit of good news, though. The damage that the bankruptcy does to the score may dissipate year to year. While you will see a huge hit when you file, your credit score may begin to improve a bit after several years. Full recovery, though, may take the full 7-10 years (depending on the type of bankruptcy).

Credit Cards After Bankruptcy

If you filed Chapter 7 or Chapter 13 because you were drowning in credit card debt, you may be hesitant to ever sign up for a credit card again. Your concerns are understandable.

One of the biggest goals after bankruptcy, though, should be to repair your credit. Remember, bankruptcy will stay on your credit report for up to 10 years (for Chapter 7). During that time, it is important to re-establish your creditworthiness and there are ways to get loans even with bad credit .

You may find it difficult to obtain a car or other types of loans, or your interest rate may be incredibly high because of the low credit score. Building credit in a positive way may help you secure better rates in the future.

Experian notes that after the bankruptcy is discharged , you could try to apply for a credit card. However, those interest rates will likely be higher. As long as you pay down the balance each month, this won’t be an issue. Misusing that credit, though, could get you in a lot of trouble financially if you’re stuck paying high interest.

If you don’t want to take on another credit card, or if you don’t trust yourself financially to be responsible with a new card, there are other ways to rebuild credit. If you reaffirmed a loan, the lender will likely report your payments to the credit bureaus. As long as you pay on time, this will help bump your credit score in the future. Paying other bills on time also could bump your score.

Can You File Bankruptcy on Student Loans

So you could not get that scholarship you were longing for and find yourself today with a huge student loan to pay? The million-dollar question about bankruptcy is almost always about student loans. So are they dischargeable?

This gets tricky. Typically, student loan debt is not dischargeable during bankruptcies, unless you can prove financial hardship. Unfortunately, proving ‘undue hardship’ is very difficult.

There are cases, though, when bankruptcy does help relieve the burden of student loan debt. An NPR story sheds light on how discharging student loans during bankruptcy is possible; a bankruptcy court slashed one woman’s student loan debt in half (to $100,000) and gave her a 1 percent interest rate for most of the lowered amount.

If you’re drowning in debt, bankruptcy may be your only way out of the financial struggle. However, understand that filing bankruptcy is costly and not everyone can qualify for Chapter 7. In addition, filing for Chapter 7 bankruptcy may leave any possessions at risk for being sold to pay off creditors if the value exceeds bankruptcy exemption amounts.

Filing Chapter 7 or Chapter 13 also will affect your credit score for years. Chapter 7 remains on your credit report for 10 years, and Chapter 13 remains for seven years. After filing bankruptcy, take measures to help improve and repair your credit, but always remember to be financially responsible . Once you file Chapter 7, in most cases, you cannot re-file again for eight years. So, any financial mistakes you make after filing could stay with you for many years.

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Making and Keeping A Budget in 2021

Fri, 21 May 2021 09:00:00 GMT

Before the start of the new year, many people plan out their New Year’s resolutions. It could be health and wellness related—wanting to eat healthier or exercise more—or financially related—save more money, pay off debt, or get better at budgeting.

Learning how to create and keep a budget is one of the most common financial resolutions. It also happens to be the key to achieving financial success .

Calculate Your Monthly Income and Expenses

The first step in the process of creating a budget is calculating how much you earn and how much you spend every month.

If you get a regular paycheck, completing this step is as simple as writing down how much you take home per month after taxes and other deductions. But if you have more than one source of income, add all of these up to determine your monthly income.

Then, calculate how much you spend every month. Start by writing down your fixed expenses, which are expenses that cost the same amount every month. Examples of fixed expenses are rent, student loan payments, car payments , and insurance.

Next, calculate your variable expenses , which are expenses that vary every month. This might include the cost of groceries, entertainment, gifts, utilities, and clothing. Since these expenses vary every month, it’s best to determine how much you spend on these expenses on average.

Choose A Budgeting Plan

The next step is deciding which plan to use to budget your money. There are many different options to choose from, so it’s important to do your research to determine which one is right for you. Some of the most popular budgeting plans include:

50/30/20 Method

The 50/30/20 method involves dividing your monthly expenses into three main categories: needs, wants, and savings or debt . The last category is fairly self-explanatory, but some people struggle to figure out whether an expense should be classified as a “need” or “want.”

Needs include expenses for utilities, housing, healthcare, and other necessities. Wants include expenses for unnecessary things that you enjoy, such as dining out, getting massages, and going on vacation. If you aren’t sure whether an expense is a need or want, ask yourself if you would be able to live without it. If the answer is yes, the expense is a want.

The rule is simple: allocate 50% of your monthly income to your needs, 30% to your wants, and 20% to your savings or debt payments.

60% Solution

The 60% solution involves using 60% of your monthly income on all of your bills . This includes fixed expenses such as housing and insurance in addition to variable expenses such as utilities and groceries.

This leaves you with 40% of your monthly income. Allocate 10% to your retirement savings, 10% to your long-term savings, and 10% to your short-term savings . The final 10% should be used to cover things you enjoy such as eating dinner out, going to the movies, or shopping trips.

Envelope System

People who use cash instead of debit or credit cards should consider adopting the envelope budgeting system .

Take a handful of envelopes and write the name of a specific category of expenses on each envelope. For example, one envelope could be labeled “rent” whereas another could be labeled “utilities.”

Put the cash you will need to cover the category of expenses inside each envelope . If you allocated $300 for utilities, put $300 in cash inside the utility envelope.

Every time you pay for something, make sure you only use cash from the appropriate envelope. If you plan on going clothes shopping , for example, make sure to bring the “clothing” envelope with you.

This is a simple system, but it often helps people become more aware of how much they are spending. If you’re still getting used to living with a budget, this system can also help you avoid costly overdraft fees.

Zero-Based Budget

The zero-based budget involves allocating every penny you earn to expenses, debt, or savings . The goal of this budget plan is to get to the point where your income minus your expenses, debt payments, and savings equals zero every month.

This system is time-consuming since you need to plan for every single dollar you make. But it can be beneficial for people who feel like they don’t have any control over their financial situation.

Track Your Progress

Don’t wait until the end of the month to figure out whether or not you stuck to your budget. You should track your spending on a daily basis to hold yourself accountable.

Some people prefer using a budgeting spreadsheet to track their spending habits. But it’s far easier to use an app to track your progress. Highly recommended money management apps include:

These money management apps automate the process of expense tracking . The apps are connected to your bank accounts and credit cards, so you won’t need to manually enter every expense you incur. This makes tracking your progress easier than ever before.

Adjust Your Budget as Needed

Set aside time to review your budget at the end of the first month. Review your expenses to see whether or not you were able to stick to your budget. If you were, you may want to continue using this budget without making any changes. But if you weren’t, now is the time to figure out what went wrong so you can adjust your budget .

For example, you may realize that there is no way for you to stick to your monthly grocery budget. If you need to increase your monthly grocery budget, look for ways to cut back in other areas. This may mean decreasing your entertainment budget, saving a little bit less , or canceling a subscription service.

After making these adjustments, try sticking to your new budget for a month. At the end of the month, review your budget again to see if you need to make any other adjustments. Repeat these steps month after month until you are completely satisfied with your budget.

That’s all it takes to create a budget that fits your needs and stick to it all year long. Follow these tips so you can finally achieve financial stability and meet your financial goals in the year ahead.

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Getting your Finances Organized in 2021

Thu, 06 May 2021 09:00:00 GMT

2020’s unprecedented global pandemic left millions of people in the United States in serious financial trouble. Despite these hardships, a new survey reveals that more than half of Americans are optimistic about improving their financial situation in 2021. The respondents shared that they are eager to put a difficult year behind them and focus on achieving financial stability in the new year.

But making a full financial recovery is not easy—it requires hard work. Here are the steps you can take to get your finances organized in 2021:

Create A Monthly Budget

Establishing a monthly budget—and sticking to it—is the easiest way to get your finances in order .

Start by writing down how much you expect to earn for the month. Then, make a list of monthly fixed expenses , such as rent, student loan payments, childcare, and insurance. Add rough estimates for expenses that vary every month, such as electricity and groceries.

Subtract your total expenses from your total monthly income to see how much money is left in your monthly budget . Determine how much of this money should be allocated toward entertainment and other miscellaneous expenses and how much should be put into your savings account.

Once your budget is set, start tracking your expenses . Write down every expense you incur throughout the month. You can also download a budgeting app or create a spreadsheet to keep track of your expenses.

At the end of the month, evaluate your spending. Did you go over your grocery or entertainment budget? Did you put more into savings than you expected? Make adjustments to your budget if needed, then try again next month.

Monitor Your Credit

Keeping a close eye on your credit is an important part of getting your finances on the right track. Pull a copy of your credit report using Credit Karma or Experian, which are free services. Review your report to look for errors. If you spot an error, contact the credit reporting bureau as soon as possible to get it removed from your report.

While monitoring your credit, you may realize that someone else is opening up accounts in your name. If you are a victim of identity theft, it’s in your best interest to take action, that includes freezing your credit line. A credit freeze prevents companies from being able to look up your credit, which makes it nearly impossible for anyone to open an account in your name. For additional resources on protecting your identity, you can visit Practical Money Skill’s website . Need help recovering from identity theft? Here’s a step-by-step guide to help you limit the damage, report identity theft, and fix your credit.

Even if you aren’t dealing with identity theft issues, make a plan to check your credit every month . Not only will this help you spot additional errors, but it will also allow you to track your credit score. In a few months, you may notice that the steps you are taking to get your finances in order are improving your credit score. Keep up the good work to see how high you can climb by the end of the year!

Keep A Checklist of Monthly Bills

Missing or making a late payment can negatively impact your credit and make it harder to obtain new lines of credit in the future. It can also lead to major inconveniences. For example, you may be left in the dark if you forget to pay your electric bill on time.

Stay on top of your payments by keeping a checklist of bills that need to be paid every month. Write down each bill in addition to the date on which the payment is due. Then, consult this list when you are ready to pay your bills each month. Check off each bill one-by-one until you have completed the list.

Automate Savings

A big part of achieving financial stability is saving money . If you’re struggling to save, consider automating the process.

There are two ways to automate your savings. You can contact your bank and ask them to transfer a certain amount from your checking into your savings every month. Or you can contact your employer and ask them to deposit a certain percentage of each paycheck into your savings instead of your checking account. Either way, the money will never appear in your checking account, so you will not be tempted to spend it.

Try automating your savings to see how much you can accumulate by the end of the year. Even if you aren’t able to save a significant amount every month, it’s important to remember that saving something is better than saving nothing at all.

Evaluate Your Debt

Another important aspect of getting your finances organized is evaluating your debt to look for opportunities to save money.

Start by comparing interest rates on your credit cards . If the interest rate is significantly higher on one card, it’s wise to consider a balance transfer to a card with a lower interest rate or a personal loan with a lower interest rate. This move could consolidate your debt, making it easier to make payments every month. More importantly, it could also save you hundreds of dollars in interest payments.

If a balance transfer or personal loan isn’t an option, try making larger monthly payments on the credit card debt with a higher interest rate. The faster you can pay this debt off, the less you will pay in interest.

Now is a good time to take a look at your student loan and mortgage rates, too. Interest rates are historically low right now, so you may want to consider refinancing your student loans or mortgage. But be sure to research the fees associated with refinancing to determine whether or not it makes sense for you. If you will end up saving more than you will spend on these fees, contact your lender to discuss your options.

Go Paperless

Taking control of your finances can seem overwhelming when you’re surrounded by stacks of papers and unopened mail from creditors. To avoid this problem, you can go paperless .

This means notifying your credit card companies, banks, lenders, and other parties that you would like to communicate via email rather than snail mail . Be sure to verify your email address with each of these parties so they know how to contact you.

Going paperless may make it easier to keep track of your finances and manage your bills. Taking this step ensures that you won’t ever have to worry about misplacing an important paper.

Review Your Accounts Regularly

It’s important to take the time to review your checking account, savings account, and credit card statements on a regular basis. Use this as an opportunity to look for issues that need to be addressed.

For example, if you see a charge you aren’t familiar with, notify your bank or credit card company of this potential fraudulent activity . You should also review your accounts to ensure you aren’t being charged for subscription services you no longer use . If you see any of these recurring charges, contact the service provider to cancel your membership right away.

It only takes a few moments to review your accounts, but it can help you identify significant issues that could put more money back in your wallet .

Following these tips will assist you in ending the year more financially organized, [TB2] so you can continue to reach new levels of success in the years ahead!

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What Are the Eligibility Requirements For An Auto Title Loan?

Thu, 06 May 2021 09:00:00 GMT

Life is unpredictable. No matter how carefully you plan your budget, unexpected expenses could arise and put a strain on your finances. If you’re in this situation, taking out an auto title loan might be a great way to get the cash you need .

An auto title loan, which is often called a car title loan or simply a title loan, is a type of secured loan that allows the borrower to use the title to their car, RV , or motorcycle as collateral . Title loan applications can be processed and approved quickly, which is why these loans are ideal for people who need cash fast.

Before you start the application process, you may want to learn about the eligibility requirements to determine whether or not you will qualify for an auto title loan . Here’s what you should know:

What is Needed For An Auto Title Loan?

Every lender will require borrowers to submit certain types of documentation during the application process. The exact requirements may vary slightly from lender-to-lender. But in general, this is what you will need to provide to apply for a title loan :

You must also be at least 18 years old to obtain an auto title loan.

What If I Can’t Find the Title to My Vehicle?

You need to submit the title to your vehicle to your lender as part of the application process. But you shouldn’t give up on getting a title loan if you can’t find the title to your vehicle.

You have several options if you want to apply for a title loan, but your title is missing or damaged. The first option is contacting the Department of Motor Vehicles (DMV) in your state to find out how you can order a replacement title . You may need to fill out paperwork and pay a small fee, but that’s typically all it takes to get a new title.

The second option is contacting the title lender for assistance. Title lenders may be able help you with the process of tracking down your missing title .

Can I Get An Auto Title Loan With A Salvage Title?

If your vehicle has a salvage title , this indicates that it has suffered extensive damage in the past. For example, the vehicle may have been badly damaged in an accident or flood or as a result of a criminal act. The title is used to notify future potential buyers of the damage that the vehicle has sustained in the past.

In most states, a vehicle is given a salvage title when it is deemed a total loss by an insurance company. A vehicle is considered a total loss when the cost of repairing its damage exceeds a certain percentage of the value of the car.

It is far too difficult to estimate the value of a vehicle with a salvage title. For this reason, salvage titles likely cannot be used as collateral to secure car title loans . If your vehicle has a salvage title, you may not qualify for an auto title loan unless you have another car, RV, or motorcycle to use as collateral.

Can I Get An Auto Title Loan With No Proof of Income?

Title lenders need to see proof of income in the form of tax returns, pay stubs, or other documentation during the application process. This allows the lender to verify that you have a reliable source of income that can be used to repay your debt .

You typically cannot get approved for an auto title loan without providing proof of income. However, it’s important to clarify that this does not mean you need to be employed in order to get approved for an auto title loan. If you’re unemployed, you may still qualify for a title loan if you have another source of income.

Can I Add A Co-Signer to My Title Loan?

You can add a co-signer to your title loan if you don’t think you will get approved on your own . A co-signer is an individual who agrees to add their name to your loan, which means they are legally responsible for your title loan payments in the event you are unable to pay them.

Even if you can get approved for a title loan on your own, you may want to consider adding a co-signer if your credit score is low. Adding a co-signer with good credit may help you secure more favorable loan terms, including a lower interest rate .

A co-signer must be willing to sign a credit application and provide proof of income and residence to the title lender . This information will be kept private, which means you won’t have access to your co-signer’s information and your co-signer will not have access to your information.

Can I Get A Car Title Loan With Bad Credit?

You will need to consent to a credit check during the application process. Many people assume that if a title lender performs credit checks, it means they don’t approve applicants with bad credit. But that’s not always the case.

Title loans are secured by collateral in the form of the title to your vehicle. Because the loan is secured by collateral, lenders don’t take on as much risk when lending to borrowers with less-than-perfect credit. After all, if the borrower stops making payments, the lender can satisfy the debt by taking possession of their vehicle and selling it to cover the balance of the loan.

Your credit score will still play a role in determining whether or not you are eligible for an auto title loan. But when the lender reviews your application to determine eligibility, your credit score may not be as important as the value of your vehicle or your ability to repay the loan .

Can I Get A Title Loan If I Still Owe Money On My Vehicle?

If you’re still making payments on your vehicle, you may or may not qualify for a title loan depending on how much you still owe. The resale value of your vehicle must be more than the amount you still owe on your vehicle.

For example, say your car’s resale value is $10,000 and you still owe $3,000 on it. In this case, the fact that you still owe money on your vehicle will not automatically make you ineligible for a title loan.

But if your vehicle is worth $4,000 and you still owe $4,500 on it, you would not be likely to be eligible for an auto title loan since the amount owed is greater than the resale value.

Can I Get An Auto Title Loan If Someone Else’s Name Is On the Title?

You cannot use the title to your vehicle as collateral unless your name is on it. However, your name does not need to be the only name on the title to the vehicle. If someone else’s name is on the title to your vehicle, you may still qualify as long as your name is also included .

You should qualify for an auto title loan as long as you meet all of these eligibility requirements . But if you’re still not sure whether or not you meet the requirements, feel free to contact a title lender to discuss your unique situation.

The post What Are the Eligibility Requirements For An Auto Title Loan? appeared first on (EN) 1(800) Car-Title® .

Top FinTech Trends to Watch For in 2021

Mon, 26 Apr 2021 09:00:00 GMT

Financial Technology, or FinTech, is the term that is used to describe any type of technology that is used in financial services. It can refer to a wide variety of financial technologies, including money transfers, mobile check deposits, and online banking. These technologies are used to create new financial services or enhance existing services, so they better meet the needs of today’s consumers.

The FinTech industry has experienced exponential growth over the last several years, and there are no signs of it slowing down in the year ahead. Here are some of the top FinTech trends to watch for in 2021:

Adoption of FinTech By Older Adults

In the past, older adults were hesitant to adopt certain financial technologies , including mobile banking. In 2019, for example, a survey found that two-thirds of smartphone users over the age of 50 were not willing to use their devices to complete basic financial tasks .

But times have changed. Many older adults were forced to embrace these technologies due to pandemic-related health concerns and temporary closures of brick-and-mortar financial institutions.

In April 2020, another survey found that adults over the age of 60 were frequently using FinTech to pay bills and complete other basic financial tasks. Over three-quarters of the older adults surveyed said they had recently completed at least one financial transaction online .

Furthermore, the National Retail Federation reported that about 45% of Baby Boomers are shopping online more frequently due to the global COVID-19 pandemic .

The adoption of FinTech by older adults will continue to increase over the next year. As a result, companies may need to start developing new financial technologies that meet this demographic’s unique needs .

Contactless Payments Are Here to Stay

Contactless payment options have been available for several years, but there was an increase in demand for them in 2020 due to health concerns related to the pandemic. In 2018, nearly 440 million people were using contactless payment options . But in 2020, this number skyrocketed to 760 million people. Experts believe that this demand won’t simply disappear once the pandemic has been resolved , which means contactless payments could be here to stay.

It’s predicted that a growing number of consumers will replace their physical wallets with mobile wallets in 2021. Mobile wallets such as Apple Pay, Samsung Pay, and Android Pay allow users to store their credit card, debit card, and reward card information in their smartphone. Users can access this information when completing online and offline transactions. Either way, a mobile wallet provides a seamless, contactless experience that meets the needs of today’s consumers.

Even if consumers aren’t using mobile wallets, they may be interested in other contactless payment options, such as credit and debit cards with “tap-to-pay” technology . Users will still need to carry their card with them, but they won’t need to make contact with the retailer’s credit card reader in order to complete the transaction.

AI-Driven Personal Finance Management

Artificial intelligence, or AI, has already been used to create self-driving vehicles, personalize search results, and help people determine the best route to take to reach their final destination. But in the year ahead, experts believe that AI technology will take the financial services industry by storm with AI-driven personal finance management tools.

These tools could use this technology to help consumers make smarter financial decisions. Essentially, AI technology could decide how consumers save, spend, and invest their money.

For example, AI could analyze a consumer’s financial information to determine the best time for them to pay their bills every month. It could also be used to analyze market conditions to determine what stocks a consumer should invest in to grow their wealth. If a consumer is running low on cash, the technology could quickly evaluate loans and credit card offers to determine the best way to get cash.

It may seem strange to let a computer make important financial decisions, but many consumers are already on board with the idea. In fact 46% of consumers said they would be willing to use an AI-driven service that offered personalized financial advice. In addition, 43% of consumers said they would be open to using an AI-driven app that automatically made investments , transferred money into savings, and switched to better loans on their behalf.

Bigger Role for Voice Assistants

Experts believe that voice assistants such as Siri and Alexa will learn new skills that allow them to play a bigger role in the management of consumers’ finances .

For example, voice assistants may start to provide consumers with basic information regarding their account balance and most recent transactions. They may be able to alert consumers when deposits hit their accounts or when their balance is running low. These digital assistants may also be used to set up automatic bill payments, cancel subscriptions, or dispute charges with credit card companies.

Some financial institutions may even start to use the consumer’s voice as a validation tool when authorizing transactions . This way, consumers could complete contactless transactions with voice commands.

Cybercrime poses a serious threat to consumers who use digital financial services. This is why the demand for biometric security systems will explode in the year ahead as a growing number of consumers rely on mobile banking and other digital financial services.

Biometric security systems use biometric identifiers such as fingerprints, facial scans, or iris scans to verify a user’s identity before providing access to specific information. These systems provide far more protection than pin codes and passwords, which is why they should be used to keep sensitive financial data secure.

Experts expect that the financial services industry will continue to expand its use of biometric security systems in order to reassure consumers that their information is safe.

However, some types of biometric security systems may experience more growth than others. Experts believe that systems that rely on identifiers that require physical contact, such as fingerprints, will decline in popularity. On the other hand, contactless identifiers such as facial scans and iris scans will become increasingly popular.

Growth in Peer-to-Peer Lending Market

The sharing economy is a system that involves the sharing of resources. The concept of the sharing economy has led to disruptive inventions such as Uber, Airbnb, and co-working spaces. Now, experts believe that the sharing economy will lead to massive change in the financial services industry in 2021.

A number of peer-to-peer lending platforms have emerged over the last several years, including Lending Club, Prosper, and Upstart. These platforms allow consumers to borrow directly from other individuals or a group of individuals instead of a financial institution.

Experts believe that peer-to-peer lending will explode in 2021. It is predicted that this technology will be used to connect startups and growing businesses with small investors who are willing to provide the funds that entrepreneurs need to succeed.

Some industry experts even think that this technology could eventually be used to provide mortgages to consumers who can’t or don’t want to borrow from large financial institutions. However, the success of this technology could depend on whether or not it is limited by federal regulations.

Each of these trends has the power to significantly change—in some cases, even disrupt—the financial services industry . Financial service providers must be willing to invest in these technologies in order to stay competitive and meet the changing needs of their customers.

The post Top FinTech Trends to Watch For in 2021 appeared first on (EN) 1(800) Car-Title® .

How Can I Work From Home?

Fri, 23 Apr 2021 09:00:00 GMT

Now that more and more companies are becoming home-based, telecommuting jobs are in higher demand than ever. But it can be difficult to navigate through seemingly endless pages of scams and too-good-to-be-true opportunities.

It is possible to build a successful career from your couch, bed, or balcony. Keep reading if COVID-19 has led you to ask yourself, “How can I work from home?”

Human Resources

For those in HR who have been laid off or had their hours cut back, Amazon might be a good way to bridge the gap.

In most cases, these positions are reserved for HR professionals with some hands-on experience in the field . Also, applicants should also have a bachelor’s degree and at least one year of leadership experience.

Online Healthcare

Do you have experience in the healthcare field but aren’t actively in a set of scrubs or the office? There are a few different virtual positions you could qualify for .

Many of the med field openings are in the pharmaceutical and biomedicine field, such as Consultant and Healthcare Architect positions.

How to Find Legit Work from Home Jobs

The internet is full of promising ads that guarantee jobseekers a six-figure income with nothing more than a laptop or mobile phone. While many of those are too good to be true , it is possible to find legit work from home jobs.

Before sending your personal information to anyone, it’s important to verify that the employer in question is legitimate and trustworthy. To do this, ask yourself a few questions first:

If you answered yes to any of these, it’s probably best to go with your gut and pursue another opportunity. Sending sensitive information like your social security number, address, and credit report can put you at risk for identity theft and fraud.

Take a look at this comprehensive work from home guide for a more detailed list of vetted virtual employers .

Is Amazon Work from Home Legit?

Amazon is taking the world by storm right now, creating a high volume of jobs to the workforce at large. But their shipping department isn’t the only impacted sector. Amazon also has a variety of legit work-from-home jobs up for grabs. [RE1]

Amazon Flex

To keep up with increased orders and shipping demand , Amazon has a freelance delivery program that nearly anyone can sign up for. Simply create an Amazon Flex account, and wait for your approval notice.

In order to earn money with Amazon Flex [RE3] , applicants need to meet certain criteria :

One of the main benefits of Amazon Flex is the ability to set your own hours, effectively allowing you to be your own boss.

Customer Service

An increase in product usage always leads to an increase in customer inquiries. If you have a phone line and high-speed internet connection, you might be eligible to work for Amazon’s remote customer service team .

Working in customer service is structured more like a standard office position . You’ll have a schedule you need to stick to, and specific requirements to meet to remain eligible for the job.

Customer service positions are also in high demand, so you can expect to face some stiff competition if you want to work in this area.

Mechanical Turk

If you’re looking for something more flexible and on-demand, Amazon’s Mechanical Turk program is an easy way to make some quick cash .

To work as a Mechanical Turk, you’re essentially responsible for completing small, rote tasks that require a human eye. Assignments can take anywhere from a few seconds to multiple minutes to complete.

This is a great way to make money on your own time, but you aren’t guaranteed to make any specific amount. And, it can be difficult to land the coveted, higher-paying tasks. Rather than banking on MTurk to cover your power bill, think of it more as discretionary income .

How to Work from Home with a Baby

All the changes sparked by the Coronavirus have shaken up the home dynamic for households across the country. As schools, daycare facilities, and babysitting services closed nationwide, many parents are now faced with the task of juggling their job and childcare.

While it might seem impossible to those with small children, here’s how to work from home with a baby .

Run a Tight Ship

Many workers covet their virtual office because of the flexibility it allows. While there are sure to be times when your schedule is interrupted by a sick kid or a crying fit, sticking to a routine is the best way to get everyone on board with your new setup.

Repetition will be your best friend, and patience is key. The more you remind your family to adhere to the schedule you’ve set, the quicker everyone will adapt to this new normal.

For infants, this is more of a reminder for you since your schedule will largely depend on when your baby eats, sleeps, and needs your undivided attention . But, no matter your baby’s age, consistency will make the process smoother for everyone involved.

Work with Your Baby’s Schedule

You can only dictate so much to your young children. In general, your schedule will depend on your baby. Establishing a routine will help them to get a consistent rotation in place, but there are plenty of times when you’ll need to follow their lead.

For new parents who are diving back into the workforce, sleep is going to be an important element for your success. Sleeping when your baby sleeps is always helpful, but you should also take advantage of naptime to get some work done in peace. It’s much easier to focus on work when you’re as well-rested as possible, so it’s best to find a work schedule that fits with your sleep patterns.

If you need to work while your baby is awake, most young children are the happiest after waking up or having a meal . However, every kid is different so study your baby to see when they’re most likely to be in a good mood. Then, you can plan your work accordingly.

Keep Work and Home Life Separate

This might sound like an impossible task but having a place in your home that’s specifically dedicated to your work can be a game-changer.

Not only will it be easier for you to focus, but your kids will get used to the same boundaries . If you’re having trouble getting everyone used to your new telecommuting schedule, having an actual door to close can make a world of difference.

Working from home can be a difficult adjustment for anyone, kids or not. But, it’s the safest way to continue earning an income amid the Coronavirus pandemic. Plus, it’s a great option for anyone who wants a bit more flexibility and simplicity in their workday.

Finding Yourself in a Crunch While Starting Up Your Home-Based Career?

There are a variety of financing options for those who are out of work or down on their luck, such as applying for a car title loan [RE10] or unemployment insurance. But you don’t have to stop working if you’ve been laid off or furloughed as a result of the Coronavirus. Apply for a car title loan today !

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How Much Can I Get for a Title Loan?

Fri, 23 Apr 2021 09:00:00 GMT

The value of a title loan is based on the equity in your car. If you’ve exhausted efforts to obtain the money you need now —perhaps you were denied traditional loans—you may wonder ‘how much can I get for a title loan? ’

Unlike traditional loans, a title loan may not allow for terms to exceed the equity—or remaining cash value—of your car . In addition, these loans are also subject to state or local laws that could limit the amount you are able to borrow against your car.

What Other Factors Affect The Amount of a Title Loan?

Since a title loan may not allow for terms that exceed the equity in your car, a number of other factors come into play to help determine a car’s resale value—and the amount of equity.

So what is equity? This is the value of your car minus any other outstanding loan amounts. For example, if you still have an outstanding loan on your car for $5,000, and the resale value of your car is $7,500, then you have $2,500 worth of equity in your car. Your title loan amount may not be higher than $2,500 (although, again, legal guidelines also could further limit the value).

The value of your car is dependent on many factors, including:

Title lenders may use Kelley Blue Book (“KBB”) to help estimate the value of your car. KBB is one of the leading authorities in car valuations and is often consulted within the industry.

How Can I Find Out the Value of My Car?

You don’t have to apply for a title loan to get an estimate of your car’s value . You can request a value estimate online; yes, it’s free. However, our estimate tool is being provided for informational purposes only. The estimate is not a guarantee of how much you can borrow or your actual car’s value. Remember, there are many factors that can affect your car’s equity and value.

Help! I Need More Money Than My Car is Worth!

Maybe you’ve applied for a title loan only to discover that you need more money than the value of your car. Can the loan be approved for a higher value?

Again, a title lender may not be able to write a title loan for more than the equity value of your car . You may not be able to borrow more than your car is worth. Some lenders may stipulate that loan values must meet a certain minimum guideline, and many states also set their own regulations. In addition, loans must be written to meet all legal guidelines.

Can I Get a Title Loan for an RV or a Motorcycle?

Yes, you can use a motorcycle or a recreational vehicle (RV) to secure a title loan.

Can I Refinance My Title Loan?

If you were approved for a title loan in the past but are finding it difficult to deal with high payments, you may be able to refinance the loan with LoanCenter. Maybe your credit score has improved, which could mean a lower interest rate. To refinance the loan, you will need the original loan paperwork, your vehicle’s title and the lender will need to check your credit.

How Do I Apply For a Title Loan?

If you’re sure a title loan is right for you, you can apply for a title loan online with LoanCenter. The process is easy and quick. However, you will need to have access to your car’s title. We also will check your credit; a low credit score won’t necessarily mean that you will be denied, but your credit score can impact your interest rate . A missing title also won’t keep you from being approved. We can help you track down a lost title.

If you have any questions about how to apply for a title loan or simply need more information, you can talk to a loan representative online or via phone.

Loan approval is subject to meeting the lender’s credit criteria, which include demonstration of ability to repay the loan. Not all applications will be approved.

The post How Much Can I Get for a Title Loan? appeared first on (EN) 1(800) Car-Title® .

What Do You Need for A Title Loan?

Wed, 07 Apr 2021 09:00:00 GMT

Many people across the country are struggling financially right now. If you’re worried about making ends meet, you may want to consider using the title to your vehicle as collateral to apply for a car title loan. What do you need for a title loan? Here’s what you need to know:

How Do You Qualify for A Title Loan?

There are certain requirements that must be met in order to qualify for a car title loan . These requirements include:

If you meet all of these conditions, you may qualify for a car title loan.

What Documents Do I Need to Submit to Apply for A Car Title Loan?

Lenders will need to review certain documents to determine whether or not you qualify for a title loan, and if so, the amount you are approved to borrow . During the application process, you may need to submit:

Some lenders may require additional documentation, so make sure you know what you are supposed to submit before completing the application. Submitting everything at once can speed up the approval process .

What If I Can’t Find My Car Title?

You are required to submit your car title to the lender before the loan can be made. But if you can’t find your title, there’s no need to panic. Instead, simply contact your lender for help. A loan representative can walk you through the process of obtaining a new title from the Department of Motor Vehicles .

Do I Need Insurance for A Title Loan?

Some lenders require applicants to provide proof of auto insurance in order to qualify for a title loan, whereas others do not. The eligibility requirements vary from lender-to-lender , so it’s best to ask your lender whether or not you are required to have insurance to get approved for a car title loan.

How Much Can I Get for A Title Loan?

The loan amount you are approved for will vary depending on a number of factors, including the value of your vehicle . Your vehicle’s resale value must be higher than the amount of money you are borrowing.

Lenders will take a number of factors into consideration when determining the value of your car, including the vehicle’s:

However, if your car is worth $20,000, this does not necessarily mean you will be able to take out a loan in any amount below $20,000. This is because lenders must comply with state laws that set minimum and maximum title loan amounts. These laws can affect how much you are able to borrow, regardless of the value of your vehicle.

What Happens If I Don’t Pay My Car Title Loan?

If you take out a car title loan , you are using the title to your vehicle as collateral to secure the loan. This doesn’t mean that the lender will take your car keys away until you have completely paid off the loan. You can continue to drive your vehicle while you make payments on your title loan.

However, the lender will be listed on the car’s title as a lienholder on the vehicle until the loan has been completely paid off. If you fail to make payments, the lender can, among many things, take ownership of the vehicle to sell in order to repay all or a portion of your loan, depending on the value at the time of the repossession.

If you make all required payments, the lender will be removed from the title as a lienholder and you will retain ownership of the vehicle.

Is It Hard to Get A Title Loan?

Taking out a car title loan is relatively easy. You can complete the entire application process online from the comfort of your home. After your application has been submitted, a loan representative will review it, perform a credit check, and determine whether or not you are approved.

If you provide all of the required documentation, you may even get approved for your car title loan on the same day you submit your application .

If you’re interested in obtaining a car title loan, talk to our loan specialists today !

The post What Do You Need for A Title Loan? appeared first on (EN) 1(800) Car-Title® .

Virtual Tours you must take during the Covid Pandemic

Wed, 07 Apr 2021 09:00:00 GMT

Due to the Covid-19 pandemic, many families have found their favorite destinations are closed or limitations are placed on attendance, such as theme parks . Sports and trips may be cancelled or put on hold, leaving at-home activities to be the new norm.

Instead of hitting the road for vacation, hit the search bar on your browser to find the best virtual tours you must take during the Covid pandemic. Your summer will be the social distance staycation of your dreams!

Want to Explore Historical Sites? Check Out Cyark.org.

Cyark is a non-profit whose mission is “to digitally record, archive and share the world’s most significant cultural heritage and ensure that these places continue to inspire wonder and curiosity for decades to come.”

The site is amazing because it features virtual tours of some of the most important historical sites in the world. Cyark also is a great site to integrate into virtual history lessons for kids if their school district has decided to utilize online learning.

Site visitors also can click through an exhibit for each historical landmark and check out other features, too. Cyark isn’t a recorded trip, per se. That is, you shouldn’t expect to get a walking tour. However, you can seemingly step into these amazing destinations as if you were there.

Cyark offers so many historical sites to explore that it’s impossible to list them all. However, here are several you may want to check out this summer:

Mount Rushmore National Memorial

Mount Rushmore features the carved faces of four presidents : George Washington, Abraham Lincoln, Thomas Jefferson and Teddy Roosevelt. However, as many know, there also is controversy surrounding the monument. The land originally belonged to the Lakota Sioux; the Black Hills were a sacred area to the tribe . Debate over the ownership of the land continues today. While a 1980 Supreme Court opinion stated that the U.S. owed the tribes a financial settlement for the Black Hills, the Sioux have refused to take the settlement (perhaps for fear that accepting the money means forfeiting the land claim).

Mesa Verde

The cliff dwellings of the Ancestral Pueblo have long since been abandoned. However, the intricacies of these stone structures are a sight to behold . Take a virtual tour of this National Park to see the dwellings and visit the online galleries to learn more about the Navajo and their culture and traditions.

Brandenburg Gate (Germany)

While the Brandenburg Gate was ordered to be built in the 1700s by Friedrich Wilhelm II (King of Prussia), the gate came to be symbolic of a dividing landmark of East and West Germany . In 1987, President Ronald Reagan gave a speech at the gate that ended with an unforgettable remark to Mikhail Gorbachev : “General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization: Come here to this gate. Mr. Gorbachev open this gate. Mr. Gorbachev — Mr. Gorbachev, tear down this wall!” In November 1989, the Berlin Wall came down.

Tower of London

Built by William I The Conqueror , the Tower of London is one of the city’s most iconic landmarks . The official site of the tower notes that it was a “Mighty fortress. Royal palace. Infamous prison.” The landmark protected royalty, served as the site for the Royal Mint and even featured a zoo! Even today, the Yeoman Warders guard the tower; visitors can observe the changing of the guard every day.

Ancient Corinth

Visit the remains of ancient Greece from your home . Corinth was the home of the Fountain of Peirene, which you can explore via the virtual tour. For more historical data, visit the Ancient Corinth exhibit on Cyark.

Where Else Can You Visit This Summer?

Cyark isn’t the only online portal to world travel and historical landmarks. Ready to go on a virtual worldwide adventure? Cue up YouTube, grab some snacks and travel to Europe, Asia and Africa. Here’s a roundup of YouTube’s best virtual tours:

Austria

Rick Steves’ Europe provides some of the best virtual visits throughout the continent. His tour of Salzburg, Austria includes amazing views of the city’s beautiful mountains and lakes, with a focus on the sounds of Austrian musicians.

Phi Phi Islands (Thailand)

Need a beach vacation? Book it over to the YouTube channel of “Babe, where’s my passport,” and get ready to explore the tranquil Phi Phi islands. Ko Phi Phi was famous for its inclusion in the movie “The Beach.” Yes, that beautiful blue cove exists in real life!

Kruger National Park (South Africa)

If you’ve ever wanted to take a safari in Africa but just can’t make the trip, you can visit Kruger National Park for free via YouTube. 4K Relaxation Channel offers a virtual tour of Kruger National Park, where you can see the amazing plains and get a glimpse of all the animals. The whole trip takes about 90 minutes, so get comfortable!

The Great Wall of China

Sawyer Hartman filmed his trip to the Great Wall via drone so you can experience this historic site. As many of the shots are filmed overhead, the views are amazing. The entire tour clocks in a little over five minutes, so this is a quick tour.

If you’re looking for a longer ‘walking tour,’ check out VisualJ’s tour . The video is shot to feel that you’re walking along on the tour, too. This tour will take you about 30 minutes.

The Amazon Rainforest Canopy

Explore the jungles of the Amazon Rainforest. This tour takes you for a stroll along the Amazon Rainforest Canopy walkway, where you can view the lush greenery of the rainforest; Biophilia calls its tour is a “zen experience.”

Sistine Chapel

One of the most historic pieces of artwork can be found on the ceiling of the Sistine Chapel. Michelangelo painted a series of scenes on the ceiling that depict accounts and stories from the Bible (Noah and the creation of Adam are both adorned on the ceiling). However, one of the most famous scenes is The Last Judgment. ItalyGuides . It lets you take a virtual tour of the chapel and glimpse this famous work of art.

While you and your family may be stuck at home and limited to the places and spaces you can visit, the internet can be your free ticket to a great ‘staycation.’ Virtual tours found online can let you visit all the places on your must-see list. Search YouTube for your favorite destinations and check out sites like Cyark for historical exhibits and virtual tours.

The post Virtual Tours you must take during the Covid Pandemic appeared first on (EN) 1(800) Car-Title® .

Automotive Tech Advancements for 2021

Mon, 15 Mar 2021 09:00:00 GMT

Autotrader published an article detailing new technology in the automotive sector for 2021. Will cars get more tech savvy this year? Here’s what Autotrader noted will be on the horizon in the wired tech of automobiles for 2021!

Writer Eric Brandt broke down all the details by new makes/models. While the highlighted vehicles are luxury and high-end offerings, in this article, we will offer insight to all the unique features of these new vehicles and include details on how high-tech functions play into all price-ranges, too .

Tech is Driving Luxury

Cadillac

The new 2021 Escalade features a “curved OLED with 38 inches of total diagonal display.” There are actually three screens in the driver’s view—the control panel, a “cluster display” and the “infotainment screen.” The display offers navigation options (per the control panel) like night vision, an augmented reality camera (think rear and front cameras), and a map. The night vision feature detects heat during night driving so drivers will always be aware of pedestrians or larger animals. The new Escalade also offers 36 speakers that offer a full 360 degrees of surround sound through the AKG Studio Reference speakers (the feature is standard on specific models).

2021 Mercedes-AMG GLE 63 S

Featuring the Mercedes Benz User Experience (or MBUX) augmented reality navigation with voice control, this model (and many others in Mercedes line-up) let drivers give voice control. Mercedes’ Attention Assist feature (which is standard) also can detect when drivers are getting sleepy and can provide auditory alerts. Other standard features include PARKTRONIC, a parking assistance feature that parks for you (no more navigating tight parallel parking spaces). In addition, the Surround View System uses cameras to show the entire view of the car (which also helps in parking or navigation).

PRE-SAFE Sound features emit a noise that protects the driver’s and passenger’s hearing in the event of an accident, while PRE-SAFE adjusts seat belt restraints and closes all windows (including the sunroof) when an accident is detected. This helps keep everyone safer upon impact. One of the upgraded options includes Active Distance Assist DISTRONIC, which sets speed according to surrounding traffic.

Rolls Royce Ghost

The 2021 Ghost features a ceiling of lit stars, giving it an ethereal ambiance. However, the Ghost features amazing tech functions like “effortless parking,” and doors that close seemingly autonomously, or, in the words of Rolls Royce “…the sense of being assisted by an obliging, built-in chauffeur.” Of course, touch-screens are a given.

Tech Drives…Everyone

Can’t afford a Rolls, Mercedes or a Cadillac? Don’t assume that tech-savvy features are only available to the affluent buyer. Today’s latest models often offer augmented reality standard features and optional high-tech features, too.

Standard features that incorporate augmented reality include backup cameras. These cameras showcase the rearview of your car on a dashboard screen. Drivers see the real-world view, but graphic overlay features showcase the turning radius in the form of grid lines.

Many vehicles also may include upgrades like cameras in the front or sides of the vehicle, too. This allows drivers to see all vantage points of the car while pulling-in or backing up in a parking space, tight corner or any crowded area. Augmented reality features like these camera functions may help reduce pesky fender benders or other accidents. Plus, they make parallel parking less of a stressful situation!

Other Tech Features?

Most new vehicles also are compatible with smartphones. This allows drivers to stream music or maybe even send and receive calls and messages through the car’s entertainment system…hands-free! Map or GPS apps on smartphones also might be utilized within the car to aid drivers during a new route or during a long road trip.

Many of these features may be used by drivers without even realizing how they have evolved to incorporate our high-tech lifestyle. In the past, cars were equipped with basic stereos, perhaps a CD player and a standard dashboard with basic instrumentation.

Today’s cars include digital instruments that can be manipulated through a multi-screen menu . Drivers can change their instrument screen views to include information about oil life, gas mileage data and other information about their vehicles.

Older vehicles didn’t include any map that wasn’t foldable paper—and these were never standard features! Drivers had to grab a road map and find their way using old-school methodologies of guiding their route via roadways located on actual paper. Hopefully, they had a passenger who could act as a guide, hold the map and prompt them about when to take the next turn.

Today’s cars offer GPS maps visible on the dashboard screen that shows the exact route. Of course, auditory prompts are also provided, so drivers never have to take their eyes off the road.

Smarter Cars

While luxury cars may offer amazing high-tech features beyond more basic models, the future may include amazing technology functions for all drivers. Self-driving cars may be a reality, and, perhaps in the not-so-distant future, drivers will not drive at all.

Technology or artificial intelligence may take over the driver’s seat. Driving and maybe even holding a driver’s license could be a tradition of the past.

However, electric cars also could become the standard. Many manufacturers offer electric models, and this could become the trend that dominates the industry. Instead of gassing up, drivers may just plug in.

How is Tech Driving…Today?

If you drive an older car, is tech still driving? Possibly! While older cars typically didn’t include all the fun high-tech bells and whistles found in today’s new models, there could still be a way that drivers are plugged in. Smartphone adapters could be used to plug into older vehicles. This allows drivers to take high-tech on the road even in an older auto.

This could allow for GPS functions to be utilized while driving. Or perhaps drivers stream their playlist. No matter how drivers utilize tech on the road, though, hands-free is the best option. While technology is a fantastic addition on the road for convenience, navigation and musical entertainment, tech also could be a distraction.

Some smartphones allow drivers to actually divert phone calls on the drive. This ensures that they don’t pick up the phone while trying to navigate the roads. If your older car allows you to plug in that smartphone, make a driving rule not to pick up the phone during the drive. Let the music play or set the GPS before pulling out of a parking space. Then leave the phone on the passenger seat or in the middle console.

Most newer cars allow for the phone to stream commands and music through the entertainment system, and this compatibility may help minimize the need for drivers to actually pick up their phone. Older cars, though, likely don’t have the same capabilities. Drivers should be diligent in minimizing the distraction of the phone. Many states have laws regarding distracted driving , and drivers always need to be aware of what these laws entail. Parents of teen drivers may insist on a driving contract that stipulates that cell phones cannot be used in the vehicle.

While distracted driving includes any action that takes eyes or attention from the road (or the task of driving), the rise of technology—especially the prevalence of the smartphone—may have exacerbated the distractions within the vehicle. Drivers need to be diligent in ensuring that distractions don’t compromise their safety or the safety of anyone else on the road.

Technology will continue to evolve throughout our vehicles and in daily life. While more and more high-tech features are being incorporated into the drive, consumers may see the rise of self-driving automobiles. These autonomous vehicles could revolutionize travel, allowing the driver to become a passenger. While technology could be a distraction, if cars do become self-driving, perhaps these distractions disappear, too. When AI takes the wheel, distracted driving could—hopefully—be an obsolete worry…rooted only in the archaic times of the early 21 st century!

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What is the Average Retirement Savings You Really Need?

Mon, 15 Feb 2021 09:00:00 GMT

Saving for the future is important to ensure that you accrue enough money to sustain your later years. How much you save, though, and the average retirement savings may be affected by many factors including your lifestyle , age, job, and even where you live (cost of living!).

When you’re planning for the future, here’s what you need to know about the average retirement savings.

What is the Average Retirement Savings?

Get ready to feel a bit shocked—or not. Most Americans are way behind in saving for retirement. This isn’t a good thing, because the longer you wait to save, the harder it’s going to be to save enough. Investopedia breaks down the average retirement savings per age group; see how you stack up, according to the site’s figures:

Ages 20-29:

401K Savings: $11,000

Ages 30-39:

401K Savings: $42,400

Ages 40-49:

401K Savings: $102,700

Ages 50-59:

401K Savings: $174,100

These figures from Investopedia are the average balance amounts, but the site also included figures for the median amounts. What’s the difference? The average is all totals taken together and divided by the total number of retirees (or accounts). The median , though, is the midpoint of savings. That figure, when reviewing 401K savings in all the age groups, is much lower than the average.

Regardless, even the average figures are low when you consider that most workers assume that retirement traditionally hits around age 65. Even those in their 50s haven’t saved enough in their 401K to sustain them financially during their retirement years.

How much should you save each year? According to Debt.org , “you should have, at minimum, 80 percent of the yearly salary you earned while working.” This means that you need 80 percent of what you earn for every year of retirement .

This is how that all adds up. If you now make $80,000 per year, plan to retire at 65 and assume a life expectancy of 85 years, you will need more than $1.2 million in retirement savings to sustain you from retirement until your death. Take 80 percent of $80,000 (which is around $64,000) and multiply by the number of years you plan to live post-retirement (in this case, 20 years).

Looking at all those average figures makes you really understand just how little Americans have saved for their retirement. This is why most financial advisors will recommend that retirement planning needs to start as soon as possible .

Saving even $500,000 will be difficult if you don’t begin early. If you start saving in your mid-20s, you’ll need to stash away a decent amount of money each year. While saving tens of thousands of dollars may seem out of reach, consider that many 401K plans are company matched up to a specific percentage. If your company matches your contributions up to 3 percent, that adds up through the years.

How Do You Save?

Again, you need to begin saving as early as possible, and you need to start saving as much as possible to get ahead for retirement. Unfortunately, many individuals are spread thin, so saving for retirement can take away from their daily living expenses…if they take too much out of a paycheck.

Look at your budget and see just how much of each paycheck you can allocate towards retirement savings. Also, look into how much your company matches. This is important, too.

Some workers will receive a pension when they retire. A pension is different from a 401K, as it provides a certain income amount after retirement. Investopedia notes that the company, the employee or both may contribute to the pension fund. Typically, employees are eligible for a pension after they have worked for the company for a specific period of time. Each year following eligibility, the employee’s pension amount may increase.

Pension funds were once standard practice in many industries, but today 401K plans tend to be the more traditional retirement plan offered. If your company offers a pension , retirement may be less of a stressful issue. However, you should still try to save extra to ensure that your later years are well funded.

What if You Can’t Afford to Save?

Some families and individuals absolutely cannot afford to save for retirement . They need every penny for the basic necessities, or maybe their employer doesn’t offer any retirement options. What do you do when you can’t save?

This is when you might have to get creative. Maybe your budget is busted, you are drowning in debt and your expenses exceed your income. You may need to look at alternatives. Can you take a weekend job? Can you work a side gig ( like driving for Uber )?

Try to save anything you can save. Birthday money, bonuses, tax refunds. Find ways to creatively plan for savings. Are you crafty? Can you sell blankets, knit items or other homemade designs at a craft fair or on Etsy? A side gig will mean tax implications, but you could pull in a little extra, too.

When your expenses seem too high, look at your budget and find expenses you can cut. Maybe you can refinance loans, cancel cable or streaming services or maybe you spend way too much on fast food. Analyze your spending habits and see what you can change .

What Happens if I Don’t Have Savings for Retirement?

So what would be the outcome if you hit 70 and have nothing saved up? For many Americans, this could be a grim reality. You may need to keep working, you may be able to collect social security, or maybe you received an inheritance of some sort. Many people may continue to work much later into life. Really, though, there is no single answer on how to handle retirement without savings.

The best solution is to save when and where you can. Start early, and teach kids to save early , too. The only way to plan for the future is to actually sit down and make a plan . Many of us dream that our later years will be spent lounging on the beach, taking trips around the world or spoiling our grandkids. Do what you can now to make sure those dreams become a reality . Because they can.

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When Was the First Car Made?

Mon, 15 Feb 2021 09:00:00 GMT

Most of us think of Henry Ford and the Model T when we think of the earliest automobile. But Henry Ford didn’t invent the first car. When was the first car made and who made it? The first car has European roots…Germany is, in fact, where the first car was born.

The year was 1886 and the inventor was Karl Benz , although the Library of Congress infers that credit to the first inventor might be up for debate. Leonardo Da Vinci in the 15th century was drawing these types of vehicles, and he could technically be hailed as the inventor.

When we think of cars, though, we usually imagine the gas engine. This is where Benz comes into the picture. Although earlier models ran on electric or steam , Benz created the gas-powered engine, and he holds immortal influence on the automotive industry. Daimler Global lists Benz on its page “Founders & Pioneers” alongside other notable names like Wilhelm Maybach and Gottlieb Daimler. It should be noted, though, that Maybach and Daimler created the first four-wheeled gas-powered auto (Benz’s rode on three wheels!). Benz and Maybach also both have cars that bear their namesake–Mercedes-Benz and Mercedes-Maybach.

When Was the First Car Made In the U.S.?

The first car that ran on a gas engine is credited to Benz. However, one major name is associated with the auto industry in the U.S.: Henry Ford. Why was Ford so significant? He created Model T, the assembly line method that became the standard in the industry and was the founder of the Ford Motor Company!

The Model T was the first affordable car (still expensive, though!); this was the car that really made the automobile mainstream. Everyone soon owned a car, and this made journeys so much easier! Of course, to accommodate all the new drivers (and cars), highways paved the way between towns and cities. History notes that the now popular car propelled the need for “the numbered highway system”.

When Were Cars Invented?

Yes, the gas-powered car was technically invented in the 19 th century, but the idea of a car was conceived much earlier. Leonardo da Vinci actually created a car prototype of sorts . He conceived a flying machine, too!

Of course, da Vinci was most known for being the brush behind the Mona Lisa, The Last Supper, and other works of art. He was also a scientist, an architect, and an inventor and is the inspiration for the term “Renaissance Man”. Still, if the Library of Congress notes that a debate might exist regarding laying claim to “who invented the car” , then da Vinci cannot be left out of the conversation!

When Was the Car Made to Run on Electric?

If you assume that our sleek and expensive electric cars are something new, think again. Before there was the gas engine, cars were running on electricity. However, the electric car was in no way a street norm when it was first invented by Robert Anderson in the 1830s.

It’s amazing that the electric car was invented before the gas-powered car, and, yet, gas engines have dominated the market since the earliest days. Now electric cars are paving the way for a more sustainable automobile. Although the options for electric cars are vast now , most of us are still driving around in gas-powered engines. According to Edmunds , “The Ford F-150 has been the best-selling truck (and vehicle) in the United States for more than 40 years.”

When Was the First Car Made that Was Fueled by Steam?

After Leo’s prototype of the car and before the electric and gas cars were invented, a car was built to be powered by steam. Nicolas-Joseph Cugnot invented the steam car in 1769 France. According to the Linda Hall Library , the automobile was created to carry cannons and “could reputedly move at a little over 2 miles per hour, but it needed to be refueled with wood every 15 minutes, for which the fardier had to come to a complete stop.” Needless is to say that the cumbersome design was not a success.

While the idea for a steam car sounded promising, it wasn’t meant to be. However, the steam engine was a success on the railways… and factories , too! However, Cugnot was not the inventor of the steam engine; the earliest origins of the steam engine actually might date back to ancient Greece !

Cars in the 20 th Century and the New Millennium!

The Model T paved the way (pretty much literally!) for the automobile industry in the U.S. and beyond. After Ford, though, what were some of the major milestones related to the growing industry? Really, there are so many milestones that it’s impossible to list them all. After the Model T and after Ford Motor Company, many other automobile manufacturers hit the scene. Americans and everyone in the world became inundated with automobiles.

Today, you can find a car in nearly any price range. From luxury to economy, there really is a car for everyone . Many car aficionados probably have a favorite make and model, and even for car novices, there are models that make us do a double-take. Who doesn’t glance back when a Lamborghini sweeps down the highway? Or a Ferrari?

There are also cars that hit the market that remain icons for other reasons. Some are cemented in pop culture history for their ties to movies or songs. The Delorean is now an iconic time machine. The Gremlin? That car hit the streets way before the crazy creatures hit the screen. Painted buses with an iconic logo are associated with the 60s, Woodstock, hippies, and peace. Beetles aren’t just bugs. And Tesla, while he never got the respect he deserved for his electrical genius, is now famous in another way.

Through the decades, the generations and, for nearly more than a century, cars have been a part of our daily lives. They adapted as technology changed; once offering cigarette lighters and ashtrays, tape decks and CD players, they now hold ports for smartphones and have cameras to help us park. While the car’s history is fueled by gas, electric and steam, we can only wonder what the future holds .

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A Look at Average Gas Prices through the Years

Mon, 15 Feb 2021 09:00:00 GMT

Ok, Boomer! The rallying cry of the younger generations is a cynical side-eye to the opinions of the Baby Boomers. Compared to Millennials and Generation Z, the Boomers may have a very different worldview; of course, the Boomers grew up in a very different time.

Young Boomers watched the first man walk on the moon, received the oral polio vaccines on sugar cubes , witnessed–and participated in–the Civil Rights Movement and the Women’s Rights Movement. To the younger generations, though, the Boomers also seemed to enjoy a time of reasonable prices and economic stability.

Average gas prices change with the economy and may rise and fall because of oil supply and demand ; the U.S. Energy Information Administration explains that the price you pay at the pump “can change rapidly if something disrupts crude oil supplies, refinery operations, or gasoline pipeline deliveries.” When we look back at gas prices at the pump through the years, many of us think that the older generation enjoyed rock bottom prices. But did they really?

Enter…inflation. When we analyze gas prices through the years, we need to factor in inflation to really understand the prices of the past. So what is inflation? To put it simply , inflation is “…an increase in the cost of living as the price of goods and services rise.”

Was gas really cheaper for Boomers? With a little help from the U.S. Inflation Calculator, let’s do the math to make some sense of how the prices of the past would translate into today’s dollars and cents!

The Swinging ‘60s: A Quarter…Nope!

A letter to the editor in the Los Angeles Times from a reader corrected a statement by the paper that gas only cost a quarter in the ‘60s. The reader noted that prices back then were typically around 32 cents. Ethyl, the reader noted, cost more at about 36 cents a gallon. However, the site 1960s Flashback lists gas prices for 1964 as 30 cents per gallon.

Now, paying three coins for gas seems incredibly cheap. You need to understand, though, that the average income in 1964 was less than $7,000 . As wages increased, so too did prices though.

To understand what that cheap gas price means in today’s dollars, we need to adjust for inflation. According to the U.S. Inflation Calculator, the price of 30 cents per gallon in the year 1964 would now be $2.50 ! This is still higher than in some places in the U.S. right now!

The Late ‘70s: About 65 Cents Per Gallon

Most Boomers would have been in their 20s or late teens in the latter half of the ‘70s. So they were definitely at the age to drive and to care about the price they paid for gas.

The U.S. Inflation Calculator reports that in 1978, the average price of gas was around 65 cents. Cheap, right? Today 65 cents might buy you a drink…or a bag of chips. Maybe. Back in 1978, though, 65 cents was more than what it seemed, because income was lower, too. According to a report by the U.S. Department of Commerce Bureau of the Census , “The median money income of households in the United States rose to $15,060 in 1978, an increase of 11 percent over the 1977 median of $13,570.”

The price of gas from 1978 adjusted for inflation would be around $2.58 —not so reasonable!

The Mid-80s: Have More than $1 on Hand

Everything in the ‘80s was totally over the top; the clothes, the hair, the colors, the make-up. The ‘80s were excessive, extravagant and, ultimately, very prosperous. With the exception of the stock market crash of ’87.

Computers were becoming a bit more mainstream (now they can monitor our home …and drive our cars !). Game systems became the rage, too. Cassettes and CDs replaced vinyl and eight-tracks. Life was good. So what were we paying at the pump? Was the price of gas as over the top as the ‘80s?

Not always! The U.S. Inflation Calculator reports that gas prices in the mid and late 80s were:

When adjusted for inflation, the price in 1985 would be around $2.86 (give or take a bit). However, later years like 1987 and 1989 had lower gas prices, and, when adjusted for inflation, gas would be around $2.21 —comparable to what we pay today.

When Gas Prices Soar!

Those past prices weren’t necessarily cheaper, and some prices were simply insanely high. We all probably remember when prices were out of control. Back in 2012, average prices soared to $3.60 ! There also were brief periods when prices topped $4 (thank goodness that time has passed!).

In today’s dollars, that high price in 2012 would be more than $4 !

As the years pass, we may look back and think that prices were so much lower. However, we often forget that inflation affects those past figures. To really see those prices in today’s terms, we need to adjust for inflation. And, when we do, we can understand that prices weren’t so different.

Remember, lower prices of the past also often correlated to lower salaries, too. The average salary of the late 1970s would be poverty level today for a couple and well below poverty for a family of four.

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Who is Saving Money During the Pandemic?

Fri, 06 Nov 2020 09:00:00 GMT

An article in The Atlantic talked about the rise of ‘super-savers’ during the pandemic. This group remained employed during shutdowns and, in fact, also experienced a windfall of savings as their daily habits changed while sheltering-in-place and abiding by local mandates.

While many felt a blunt hit to their financial bottom line during Covid because of layoffs, furloughs, or even firings, these super savers thrived…and also felt a pang of guilt because of it. Who is saving during the pandemic? Those who were already prosperous—‘high earners’ became the super-savers.

Yet, super-savers and financial survivor’s guilt perhaps became synonymous. For those who faced unemployment, eviction, foreclosure, and/or the loss of even the means to buy basic necessities, the pandemic was a direct assault to their survival.

For those who earned higher wages or who were already financially secure, the pandemic has merely boosted their wealth in the form of additional savings. The country is one that is seemingly segmented by prosperity and poverty.

Broke, Unemployed, and Pinching Pennies

Millions have lost their jobs and have elected to collect unemployment. The pandemic created a vast pool of job seekers, some of which remained in perpetual employment limbo after their job loss. How do you find a new job during a shutdown? And how can you find a new job when you’re among many, many candidates?

While government assistance in the form of increased unemployment payments kept many afloat, the economic buoyancy may have been short-lived. As Congress is still trying to agree to terms on further stimulus payouts (and pandemic-related aid), many are left scraping by to survive. Eviction moratoriums also are facing legal disputes from landlords, and this could leave many homeless.

When income has dried up or slowed to a trickle, saving every penny is crucial to survival. While high earners may be enjoying their growing mound of super savings , those who struggle need to find ways to crunch numbers and lower their costs.

Saving money can be difficult even in the best of times for those who are low-wage earners. During this time of uncertainty, saving money may seem impossible. However, savings might not mean that the family or individual can stash away hundreds of dollars each month—maybe they can’t even stash away a single dollar—but saving money can come in the form of lowering expenses. There are very basic ways to cut costs to try to remain above water, and most families can save money each month by embracing simple habits.

Lowering the Grocery Bill

One of the easiest ways to save money on groceries is by making a list and sticking to it. Plan menus and household needs weekly; write up a list with everything you will need for breakfast, lunch, dinner, and household cleaning for an entire week. When shopping, opt for generic label products. They usually taste the same, but the savings can really add up when you switch from brand name products to store brands.

Shopping only once per week is crucial to saving money, too. Making little trips to the store may tempt you to buy more than what you need. When you shop daily for meals, you may run the risk of grabbing extras. Maybe you splurge on a bag of cookies, or something catches your eye in the checkout aisle.

Make a list for the week with everything that you need. Everything! Include cleaning supplies like disinfectant, shampoos, soap, dish detergent, etc. Do you need makeup? Add only what you need to the list.

Buying in bulk could save you money, too, but you might want to do the math before making the bigger bulk purchases. Meat can be frozen; separate the package into single-serving portions and stash each portion in a freezer bag. If you buy five pounds of ground beef, separate the package into five one-pound servings. For chicken breasts, maybe place two or three in a single freezer bag. When purchasing bulk meat, however, you may still want to do the math to ensure it’s a good buy.

Gasoline & Energy Costs

If you’re still commuting to work, your gas cost may be the same. However, if you’re working from home, you are likely saving at least some money on fuel . Your home uses energy, too, though, and these costs also can increase your costs.

To save electricity costs, one of the simplest money savers is simply to adjust your HVAC thermostat. During the warmer months, the thermostat should be set at 78 degrees Fahrenheit. Cooler winters require you to nudge down the heat to a comfortable—but not balmy—68 degrees Fahrenheit. Check the temperature on your hot water heater, too. The optimum temperature for energy savings for hot water heaters is 120 degrees Fahrenheit.

When washing clothes and dishes, always fully load both the dishwasher and the washing machine. Wait to do a load of laundry or to hit start on the dishwasher only when the load is full. Washing many partial loads may waste water and electricity, and you will pay for it…literally.

Other Ways to Cut Costs

If you cannot make ends meet and pay your bills, it’s time to cut other costs. Delete that streaming account or cable hookup from your finances. Eating out? Stop. Cook at home; buying ingredients is often cheaper than buying a meal…even going to a drive-thru. Even little splurges like a cup of coffee at a local café or weekly fountain drinks at the gas station can also add up.

If you are food insecure, there is help. Many churches offer food pantries to those in need. Don’t be ashamed or embarrassed to seek out assistance. There are many families who are seeking help from food pantries and charities simply to survive. In March, Feeding America reported that , in the worst-case scenario, more than 17 million more individuals could be left food insecure because of the impact of COVID-19 . You are not alone. In addition to food pantries, you and your family also could qualify for government nutrition programs. Information on food assistance programs can be found on Nutrition.gov .

The pandemic has exacerbated the ever-growing divide that exists between high-earners and those who struggle. Individuals and families who were already in a place of privilege may have become super-savers, lowering their monthly costs significantly as their need for luxuries became nonexistent at a time when many sought safety. Meanwhile, low-wage earners may have lost their job or simply struggled to make ends meet each month. While it may be easier to save money when you are financially stable, even those who struggle may find little ways to cut costs.

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How Automotive Logos Evolved

Fri, 23 Oct 2020 00:00:00 GMT

The brand is often a key factor behind car purchases . While the style of the car is important, buyers develop a level of loyalty and trust with the brands themselves.

Nothing represents a brand more than the logo , which is literally the image of the brand. However, a good logo often doesn’t get set in stone with the first choice. As brands develop and times change, so do the images that represent them.

Here we take a look at how these brand badges have changed for some of the most well-known manufacturers . Each logo tries to depict the history and morals of a company, its key qualities .

Logos can also represent the characteristics of customers. After all, someone driving a BMW is often seen in certain ways by others, as is someone driving a Mercedes or Bentley. The brand not only represents the company but also is a symbol of the personality or status of those car owners.

To get where they are today, every automobile manufacturer has gone through a multitude of changes, as have their iconic badges which are displayed proudly on their vehicles. While some logo designs settled early, some are almost unrecognizable from their originals.

Alfa Romeo

The Alfa Romeo’s badge first hit the market in 1910. It was split to have a red cross and white background on the left and has a snake on its right with a man coming out of the mouth.

The left represents the city of origin for the manufacture, whereas the right was the family crest of the Visconti family (a noble family of the era). The logo was the inspired masterpiece of Romano Cattaneo, encompassing the company’s origins, nobility, and strong ties to the Italian way.

Aston Martin

Aston Martin, the famous luxury British manufacturer, began in 1913. Aston Martin started as a reseller but quickly went on to develop its own vehicles and brand. As a unique brand, their cars ended up in James Bond movies, adding a level of both eliteness and a certain level of ‘cool’ factor at the time.

The initial logo was simply an overlay of the A and the M. After a brief pause in trading, the company relaunched with the more familiar wings and Aston Martin spelled out across them. As time has gone on, the wings have continued with a smaller and more refined insertion of the name.

Audi

Audi, a German brand known for quality, is strongly linked with the Volkswagen Group. The original company needed to be rebranded after a dispute. The name Audi was born, as it was the Latin word for the same meaning of the name of the owner, which is “listen”. Horch became Audi, and so the brand continues.

The logo we see today originated from the joining of Audi, Horch, DKW, and Wanderer. They formed an Auto Union, which is represented in the rings of the Audi logo. At the time, these companies were mainly using the logo when racing, but as all of them merged fully in 1985, Audi’s logo was born as a representation of the four merging into one.

While Audi started with a keychain looking logo, with Audi in a triangle hanging below a 3D number 1, the interlinking rings have since been the main feature of all of the logos except for 1969 having a single oval with the name Audi printed inside.

BMW

BMW has developed a reputation for comfort, quality, and performance. Since 1916 their logo has remained almost the same. The only parts that have changed are the colorings of the ‘rings’ and some color tone variations to the white and blue center.

However, the company itself actually started as an aircraft manufacturer. Some believe that the center of the logo originated from the propeller of the plane, as seen from the pilot’s seat, and others that it represents the Bavarian flag. The change to land vehicle productions came after WWI.

Buick

Buick Motor Company, a part of General Motors, began in 1903. Named after the original founder, David Dunbar Buick, Buick has been under different ownership over the years. As with various owners, it has also been through a few logo changes over the years.

After playing with designs that strongly featured the word “Buick” and various, single shields, the company settled on the three-shield design, a variant of which is still active today. This design dates back over 55 years and is representative of the original founders’ family crest.

Cadillac

Cadillac has a varying logo and interesting history. The name comes from Sir of Cadillac, Antoine de la Mothe Cadillac. It was founded in 1902 and the logo started as the family crest, which in fact was created by Antoine by combining different aspects of family crests of the era.

Despite being changed dozens of times, the crest has remained a key part of the logo design throughout. At times, it was in the center of large wings as the logo style evolved. Today, it is back to a more simplified and modern version of the family crest.

Chevrolet

Since 1913 the logo has undergone several redesigns. However, that iconic cross emblem has remained strong and true throughout. Some colors have changed and the name “Chevrolet” inserted, of the logo framed by a shield, etc., but the iconic emblem design stood the test of time.

Where it originates seems to be a bit of a mystery. Whether it was a pattern spotted in wallpaper, a doodle, or a tribute to Switzerland … nobody seems sure. The official 50th-anniversary statement by the company suggests the wallpaper story:

“H e saw the pattern … as a design on wallpaper in a French hotel. He tore off a piece of the wallpaper and kept it to show friends. ”

Ferrari

Ferrari pulled off a timeless design from the beginning. There is almost no noticeable difference between the present design and that of the 1947 logo.

The logo is said to be in memory of a national hero, the prancing horse being on the plane of Francesco Baracca. The use of the design was apparently at the request of his mother, and so Enzo Ferrari combined it with the vibrant yellow as a show of respect to both the ace fighter pilot and his place of birth (Modena is represented by the yellow).

Ford

The third company of Henry Ford, founded in 1902 as Ford & Malcomson, Ltd. It was the joining of investors to save the company that resulted in the renaming as Ford Motor Co. This name was the centerpiece of the original 1903 logo.

During the early years, the logo design changed significantly, but quickly found the oval design with Ford in the center as we know it today. There have been some adjustments to coloring, but overall the oval badge has been around since 1912 and the blue coloring we are so familiar with added in 1927.

There have been occasional tests over the period since, trying a new shape or style here and there, but the blue oval branding is the one that won out overall.

Honda

This is another great example of simplicity in design that has lasted throughout time. As far as the Honda logo goes, it has hardly been altered since the inception. For the automobile line, this has remained a strong and easily recognizable brand logo since the 1970s.

Jaguar

Swallow Sidecar Company, changed to being a car producer in 1934. The Jaguar cat logo didn’t develop until 1945, however, when due to WWII issues with the existing “SS” company branding (close to a certain Nazi organization of the era) from “Swallow Sidecar” it was rebranded as Jaguar Cars Limited. That unfortunate ‘association’ helped to create a famous and easily recognized branding.

Since then, the logo of the jumping jaguar remained until the 2000s. Yet, the previous logo can often be found on modern vehicles in stylings, but the grille has been replaced with the head of a roaring jaguar.

Mercedes-Benz

The logo of Mercedes started as the company name only in 1902. However, what we know as the company of Mercedes today was actually born as a merging of interests (and financial advantages) between DMG and Benz & Cie as a syndicate in 1924.

The initial designs mostly played with the name, followed by the 3-point star as the center of the design in 1916. It wasn’t until 1933 when the logo evolved into the 3 point-star in a circle as we know it today. Since then, only subtle changes to dimensions and proportions have occurred over what is now almost 100 years of the design.

Porsche

Porsche started out as a consultancy, helping design the very first Volkswagen car (the renowned Volkswagen Beetle). The company name and branding only transitioned fully to being Porsche in 1931.

The logo was designed to represent the company’s founding location. The original was based on the coat of arms of the Free People’s State of Württemberg. The yellow rearing horse logo was later designed to represent Stuttgart city (the capital of Free People’s State of Württemberg). Later, a merging of the powerful rearing horse on the yeller background with the coat of arms occurred in 1952. Since then, the design hasn’t changed much and is iconic, recognized by almost everyone with an interest in cars.

Subaru

“Subaru” is “united” in Japanese and so it was decided to use the Pleiades star cluster as a representation of the merging of companies. The logo is also meant to be the representation of the 5 smaller companies merging to become one larger ‘star’ in the automobile industry. Seeing the “ Pleiades constellation is a unification of the stars ”.

Toyota

“Toyota” was the beginning, in 1935, a western translation of the family name. A competition for logo design in 1936 led to Toyota being born, as the new translation’s pronunciation was preferred and the new design was connected with luck in the Japanese lettering and used for the logo, so they actually changed the company name officially to Toyota.

From there, just the written company name as “Toyota” in logos continued until 1989, where the symbol of Toyota was added above the name. The symbol is meant to depict a level of trust and love between the company and its consumers. Reliability being one of the major factors.

Volkswagen

“People’s car” in German, the literal translation of the word “Volkswagen”. Surprisingly to many, the concept came from Hitler in 1933 at the German Auto show. The company name Volkswagenwerk GmbH was born in 1938 and a state-funded factory was opened by Hitler under the brand and produced predominantly military vehicles. The Beetle design had been born and although only rebranded as the Beetle after the war, it is still one of the most loved ‘quirky’ cars on the market today.

The logo design started as the VW style we know today, but was shaped into a more Nazi flag style at the beginning. The circle encased VW has remained almost unchanged (except for an odd square in 1960) until the present day. In this case, the colorful beginning didn’t cause ongoing logo changes, but instead, they quickly adopted a simplified version of the original that has stuck around throughout almost a century of trading.

Volvo

After starting out with just the brand name in an oval, the unique logo shape was issued second. It is the representation of iron as an ancient alchemical symbol. Many consider that it came from a symbol of masculinity, or from the symbol of Mars. Today, either the brand logo symbol with the name “VOLVO” through the middle or simply the name “VOLVO” in all-caps is used to represent the brand. The Volvo logo represents the “traditions of the Swedish iron industry: steel and strength with properties such as safety, quality, and durability.

Summary

This article doesn’t cover all brands, but it is a good example of how some styles were set from the beginning. W, whereas other companies went through numerous changes, rebranding, and more before they settled on a stable image. Some, of course, are still a ‘work in progress’ and their logos are evolving.

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The Future of Auto Trends

Fri, 09 Oct 2020 09:00:00 GMT

Technology drives the future, and AI is slowly taking the wheel and navigating roads as new advances merge into automotive features. Automotive manufacturers are consistently embracing ways to simplify navigation, improve driver safety, and implement many new features powered by technology.

Are the machines taking over? The self-driving car isn’t so far out of reach now. Yet, even our most basic model automobiles incorporate some type of technology that we once thought was space-age.

Ready to see how technology has taken over the driver’s seat? Buckle up as we explore the current state of automotive technology and get a glimpse into the future to see what new technology may await us on the digital superhighway.

Automotive Tech Today

Unless you drive a much older automobile, your car likely has some amazing tech within its dashboard. Some of these high-tech features we simply take for granted as basic and don’t think twice about using them.

We live in a world where nearly every single teenager has a smartphone, so it really should come as no surprise that technological devices have also become intermingled into our cars. Check out these features that you’re likely to find in your car today:

Front and Rear Cameras

What did we do without our backup cameras? Some of us might have had a few minor fender benders that dinged up the front or back of our cars. Backup cameras are now a fairly common feature.

Many of them utilize augmented reality to give us a glimpse of the turning radius of our car. We can glimpse up at a small screen and see the angle as we back out of a parking space. We also can see obstacles or pedestrians–some backup cameras also have sensors that beep to alert us of objects in our way. These features can minimize accidents…and maybe liability too.

Larger cars and SUVs also are equipped with front or side cameras to view the car from all angles. Again, these cameras help us easily back into or pull into tight spots. We can see all the vantage points of the car, and a sensor may notify us that the car is getting close to hitting an object. Some cars may even offer an automatic stop feature when the car gets too close to a pedestrian or object.

Smart Rearview Mirrors

Newer model cars may offer an upgraded rear view mirror that utilizes the backup camera. The ‘smart rearview mirror’ projects the image recorded from the backup camera. Smart rearview mirrors provide clearer views to drivers as they navigate roads at night or when they enter dark enclosures like parking garages.

Digital Dashboards

Those who have been driving for a few decades clearly remember the old-school dashboard. There was nothing high-tech about the older models. Information about gas, mileage, and speed were either represented by a meter-type gadget or rolling numbers (for mileage).

Slowly, digital took over and the dashboard took on a tech-savvy appearance. Now, the dashboard is more like a mini-computer screen. Drivers can click through different menus to view information about the vehicle. Even basic model vehicles include high-tech looking dashboards.

Plug In While Driving

When everyone has a smartphone, the fear of missing out is real. Most of us cannot stand to separate from our devices; the phone has all our appointments, messages, numbers and is our constant ticket to the online world.

Your smartphone can project GPS functions onto a screen in the car. You can make and answer calls while driving when your phone is hooked into the vehicle. Don’t want to listen to the radio? Queue up your own playlist! Yes, your car lets you stream your favorite tunes, too. You can also send text messages.

While our vehicles seamlessly incorporate our smartphones into the drive time, is this digital connection safe? Distracted driving accounted for more than 2,800 deaths in 2018 .

Distracted driving includes any task that distracts from driving; fidgeting with the radio, talking on the phone or texting, eating, and adjusting temperature controls can all be distractions. Drivers should always use common sense and follow the rules of the road when driving. All drivers also should understand distracted driving laws in their state. Teen drivers should have a cell phone contract that stipulates no cell phone use while driving!

Technology of the Future

While many tech features already are wired into our cars, the future of automotive technology could be out of this world. There are some interesting advances on the horizon.

The Augmented Reality Windshield

Patently Apple reported that Apple filed a patent for a very unique windshield that is classified as “an augmented reality windshield.” This windshield would “Support FaceTime Calls Between Different Vehicles.” The future may include the capability of teleconferencing on the road. This means that traffic would no longer be an excuse for missing meetings!

The Self-Driving Car

Tesla has already developed a self-driving car . The future may include a car that puts humans in the passenger seat. Our control behind the wheel may be limited, but how self-driving cars look is anyone’s best guess. Will there be an avatar projected in the front seat that takes on our appearance? Will there be no driver’s seat?

For the self-driving car to become the norm, all safety features must be perfected. When we imagine our cars being navigated by computer, the vision of the road becomes quite pixelated. Letting go of our control could be a good thing, though. When the computer takes over, no one will have to worry about intoxicated drivers. Safety and navigation will be so accurate that accidents will be greatly minimized.

A self-driving car, though, could require much more maintenance. Safety standards may have to be consistently checked and documented, and car inspections could be more frequent. Ultimately, one tiny glitch could be hazardous on the road.

Baby Cam

Nationwide published an infographic of all the upcoming car technologies of the future. One of the most interesting for parents? Baby cam! This convenient camera lets you check in on the baby in the back seat.

While parents can buy these cameras from online retailers, these cameras could make their way into standard car features. Perhaps the camera could be linked to a sensor in the car seat that sends an alert if a baby is left behind. Maybe these cameras can even stream into the phone for an added safety feature.

Technology is positioned to take over the driver’s seat in our cars. While many models include backup cameras and other digital features, the future of car technology could be out of this world. Self-driving cars could navigate our highways and byways, and an augmented reality windshield could allow us to teleconference from our cars.

The future of automotive technology is accelerated by the ingenuity of engineers and designers; what the future holds is anyone’s best guess!

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3 Major Trends in Auto Industry Digitization

Fri, 25 Sep 2020 09:00:00 GMT

The Coronavirus pandemic led businesses in every corner of the global marketplace, and the automotive industry is no different.

Car manufacturers were able to keep up with demand and production milestones by using virtual reality and augmented reality tech to work remotely. Additionally, interconnectivity with the Internet of Things and a high level of device compatibility allowed shoppers to research, compare, and purchase vehicles online .

Read on to learn more about three major tech trends that are taking the automotive industry almost entirely online.

Virtual Reality and Augmented Reality

One of the main innovations within the car manufacturing industry has been the use of AR/VR technology to build, test, and even sell new mass-market vehicles.

By providing a digitally rendered version of the vehicle, users can see individual parts in as much detail as needed. When it comes to the initial phases of design, ideation, and development, this technology allows manufacturers to reduce costs through:

From beginning to end, see how car manufacturers, sellers, and consumers are utilizing augmented reality and virtual reality tech to improve the transaction.

Initial Design and Testing

Using physical prototypes and test dummies in a real-life testing environment is not only more dangerous and time-consuming – it’s expensive. Each model can cost thousands of dollars in materials alone, at the very least.

Creating these realistic scenarios digitally allows auto brands to reduce the amount of space, and staff, they need to conduct critical tests and product reviews. Each worker is able to manipulate the digital image of the product to get a closer look at individual parts and details for a higher level of accuracy and quality control .

Additionally, this allows more people on the team to gain the same level of insight by easily sharing interactive imaging using secure cloud-based computing.

As we’ve learned during the ongoing pandemic, remote connectivity is crucial for any business to thrive in this environment. Using VR-headsets and compatible mobile programs, remote workers can contribute to every phase of the ideation process without any barriers to communication or collaboration.

Marketing and Distribution

Nothing can create hype like flashy, impressive technology. Showing off the high-tech aspects of a new car is sure to draw attention, but car brands will only benefit from conversions if they effectively and honestly market their product to the right audience.

With virtual test drives and immersive digital walk-throughs, customers can truly tour a vehicle without the need for a physical visit to the car lot. Consumers can try on a VR headset or step into the dealer’s “digital lobby” to see all of the car’s bells and whistles.

Using their phone or tablet, shoppers can zoom into specific aspects of the vehicle to learn more about individual parts and functions. Or, they can see how their car would perform in rough or uneven terrain with a digitally built test drive environment.

Seamless Purchasing and Simplified Online Transactions

With more and more consumers getting used to making purchases online, buyers are looking for fast and effective online support. This has helped to drive the shift to instant-approval financing and auto quotes.

Rather than waiting days to see if they’ve been approved for a loan , shoppers can use online calculators and instant quotes to determine their financing options faster than ever. This can shorten the overall timeline of the transaction, while giving consumers more control over the financial terms of their purchase.

From at-home design studios to the virtual showroom, virtual and augmented reality are making a massive impact on this dynamic industry.

Interactive 3D Imaging

Since more shoppers are opting for online options, detailed imaging has allowed consumers to get the same level of service they’d expect at an actual car lot.

In lieu of an in-person shopping experience, consumers are looking for multifaceted imaging and marketing materials that can give them a “virtual test run” of their prospective purchase.

Using interactive photos that show every aspect of the vehicle’s interior and exterior, customers aren’t left with any unanswered questions before they click the “buy” button. Additionally, this gives shoppers even more control over customizable options and unit personalization for an even higher level of service.

By improving customer satisfaction and smoothing over the shopping experience, car companies have used online platforms to improve conversions while reducing internal operation costs.

Video Marketing

Video marketing has also transformed the way people shop for cars, with or without a global pandemic in place.

Two-dimensional images are easy to manipulate , whereas video allows the viewer to see the production with much more honesty and transparency. This open-ended marketing approach is a proven way to build brand awareness and customer loyalty.

In fact, more than 78% of consumers in 2020 prefer to learn about a product or service using video , compared to text or photos.

Using video to market inventory, prototypes, and concept models is a simple, and affordable, way to connect with consumers on a more personal level. This also allows car brands to convey pertinent information more effectively, and in less time.

Companies across the global commercial marketplace are moving online, but automotive brands are paving the way with cutting-edge proprietary technology and groundbreaking partnerships with innovative tech companies .

These three trends have completely shifted the way car brands connect with their consumer audience during the COVID-19 pandemic. But, experts are still expecting these advances to stick around long after the coronavirus moves on.

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Loan Options for Coronavirus Relief

Fri, 11 Sep 2020 09:00:00 GMT

The coronavirus pandemic has wreaked financial havoc across industries, but businesses that can’t stay open also may have been forced to cut staff.

In an article from USA Today published in August 2020, one million people filed for unemployment. CNBC reported that at the end of June 2020, more than 30 million Americans were receiving unemployment benefits—marking the largest number in history.

Now as federal unemployment benefits have decreased, many who rely on payments to make ends meet may be facing a cash flow shortage. When cash flow is low or nonexistent, are there loan options for coronavirus relief?

Before you head to a bank or pursue a lender, review your options.

Can You Lower Debts to Survive?

Some creditors may work with debtors who have a documented “financial hardship.” Depending on the individual circumstances, a debtor may be able to modify a loan, receive lower monthly payments, negotiate a lower interest rate or pursue another option.

Debtors can call their creditors and explain their situation. If the financial hardship is related to COVID-19, there could be options already available. However, debtors may need to write a letter or provide other documentation.

When money is tight and bills are going unpaid, promptly make contact with creditors to review options. You don’t want accounts to go into default, and you also don’t want the account to be referred to debt collectors. Once you realize that you cannot make prompt payments—or you’ve fallen behind on payments—pick up the phone.

Depending on negotiations, you may be able to free up enough money to ensure that your basic needs are met each month.

Should You Get a Loan?

If you need money now, because of financial issues related to the pandemic, should you apply for a loan ? This really depends on your individual financial circumstances. Many lenders will ask for proof of income to ensure that you can repay the loan. If you lost your job and don’t have any other type of verifiable income, you may not be approved.

There are options for small businesses, and if you own a small business, these loans may help your business to stay afloat. Forbes provides a fairly comprehensive list of loans, grants and assistance available to small businesses.

While government-backed funding like the Paycheck Protection Program was designed to aid small businesses during COVID and can be forgiven , traditional loans won’t come with this financial cushion. If you apply for and receive a loan, understand the financial obligations.

What about Collateral Loans?

You may apply for a loan and the lender may ask for collateral to ensure that the debt can be paid. Collateral loans may be tied to your home, savings or your car . When you use your property as collateral, a lien is placed to note the creditor’s financial interest.

There are many types of collateral loans , including the traditional mortgage and home equity lines of credit . Car title loans use the value of your car as collateral. If you are in need of cash now, these loans could be an option. You still may need to show proof of income, however.

The Pandemic and a Potential Housing Crisis

Cashflow shortage isn’t the only issue facing many households. Families and individuals also may face the possibility of homelessness as mortgage forbearance agreements (for some homeowners) and eviction moratoriums come to an end .

This could mean that banks may eventually pursue foreclosure or that landlords may move forward with evictions. The Aspen Institute reports that “an estimated 30 to 40 million renters could be at risk for eviction.” With approximately 100 million renters in the U.S., this means that one-third to nearly half of renters could lose their current housing.

Food, shelter and clothing are the basic needs of every individual. These are the needs that many families and individuals may try to protect at all costs…simply to ensure survival. Yet, as companies furlough, lay off or downsize employees, the financial means to maintain even the basic needs may be threatened.

Are There Other Options?

Yes, there are loans available to pursue if you are in need of a quick infusion of cash. However, if you don’t have proof of income and cannot qualify for a loan, there are other options, too. Some individuals who were unemployed because of Covid have made a living through the gig economy. Some participate in surveys and studies , earning money for their feedback. Driving for Lyft or Uber also could help bring in extra cash.

If you cannot find traditional employment, thinking outside the box to help make ends meet may be beneficial. Assess your skills and how you can best market those skills. Do you write well? You could try to work as a freelance writer.

Also research industries that are thriving . Pizza delivery driver jobs may be available in your area; this could mean an hourly rate plus tips. Grocery stores are essential and local stores may have open positions, too.

If you’re having trouble making ends meet, understand that you are certainly not alone in the struggle. Millions of Americans have faced unemployment, and many are dealing with the financial impact of a job loss. You have options to stay afloat.

Call creditors and explain your situation; they may be able to help you. If you own a small business, there are many financial resources available. Individuals can pursue loans, but if they cannot show proof of income (because of job loss), this may not be an option. If all else fails, try to find opportunities to make money in the gig economy or for in-demand industries.

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The Easiest Monthly Budget Worksheet Anyone Can Follow

Tue, 10 Mar 2020 17:52:00 GMT

The Easiest Monthly Budget Worksheet Anyone Can Follow

Start the New Year off right by creating a monthly budget worksheet to keep all your expenses in check. A budget is a financial necessity, as it helps you understand how much you allocate to every recurring bill (like electricity, mortgage, and auto payments) and how much you can safely spend on miscellaneous costs like gas, food and other daily needs.

Without a budget, we tend to let our finances fly, leading to more debt, mismanaged funds and a mid-month worry of “where did all my money go?” Need to budget? Here’s how to track your spending and create the easiest monthly budget worksheet anyone can follow.

Start a Monthly Budget Planner

Before you sit down and start to create a budget, head to the dollar store and buy a yearly planner. This is going to be your financial guidebook. In the planner, you’re going to track your daily expenses to help evaluate your overall financial state. Writing it down will allow you to visualize your expenses and see where that money went each day.

Planners are obviously divided up daily, weekly and monthly, and this planner is going to be your daily go-to for all things related to your finances. Every day, you should write down:

Any trip that you take, any store you visit, should be noted in your planner. Make a habit of keeping all your receipts, and, each night, write down purchases and expenditures.

Sound like a hassle? Once you begin a routine, these financial entries will just become the norm. Tracking your financial activities is important, as you can look back each week and audit your spending . Did you go crazy at Walmart or Target one day? Maybe you went in for shampoo and came out with slippers, muffins, makeup and a new chair.

Impulse purchases happen. And big stores have LOTS of opportunities for you to purchase something off the cuff. When you track these activities , you can begin to realize your habits—good and bad.

What Should A Monthly Budget Include?

Your planner records your daily spending, but you need a bigger picture of your financial goals and plans. Creating a monthly budget gives you a printed record of what you are planning to spend each month and what bills will take an immediate bite out of your paychecks.

You can create your budget on printer paper (handwritten), on a computer program like Excel, or just in a classic bound notebook (these are cheap at any store). In the monthly budget you should include all recurring bills as well as all expenses you think you will make in each month.

A monthly budget should include (at least) the following:

Many of these expenses will be the same each month. However, some will not be the same. Food budgets (especially groceries), gas and some utility bills will vary. Budgeting these costs can involve a bit of guesswork. Looking back at previous month expenditures also can give insight as to how much you should estimate for these expenses.

When budgeting for food/groceries, don’t forget to account for school lunch if you have kids. These can zap money from the bottom line.

Expenses versus Income

After you’ve created all your line items of expenses in your budget, total everything up to understand how much your expenses cost each month. This figure is important, as you need to see how it relates to your actual income.

If you have access to your bank statements or your work pay stubs, you need to review these statements to understand your total income each month. If you’re salaried, you probably know that each paycheck is the same amount.

When you’ve totaled up your income subtract your expenses. Do you have money left? Did you zero out? Or are you in the negative?

The Red Zone: Expenses Exceed Income

If your budget shows that your expenses exceed your income, you may need to tweak your budget a bit. Sometimes we overestimate our budget and that can throw things off. However, if you’ve allocated the bare minimum you can towards expenses, you may need to find ways to take control of your debt.

Dealing with High-Interest Credit Cards

Credit card payments can kill a budget. If you’re paying the minimum, it may take you forever to pay off that balance. However, credit card companies may work with you . Call your card holder and talk to them. You may be able to negotiate a lower payment or better terms.

Managing High Monthly Payments for Loans

Refinancing a loan may be an option to lower your monthly payment. If you had bad credit in the past, your interest rate is likely high. Investigate options to refinance those loans. Title loans also can be refinanced. It never hurts to inquire about this option.

Ask About Standard Payments for Utilities

Some utility companies may offer programs that keep your monthly bill at the same price for most of the year. The amount is based upon your average usage for the year. However, the last bill of the year may reflect a higher amount (or lower) depending on your usage. So, if the company estimated that you spend $140 per month on electricity, this would be your monthly bill cost. However, if, at the end of the year, you had a few months that were extraordinarily high, you would owe the difference on the last bill.

Call your utility provider to inquire about any billing options.

Don’t Forget to Cut Coupons and Shop Deals

Yes, food costs are unpredictable. However, you can find ways to save in order to be more in line with your food budget. Cut coupons, sign up for store rewards and choose store brands instead of big brands. Every dollar saved helps your budget!

Download Gas Apps

If your car is a gas guzzler, keep gas fill-ups more reasonable by downloading gas apps to find the lowest price in your area.

Paying Down Medical Bills

Many hospitals and providers offer payment plans to make medical bills more reasonable. Your hospital also may provide financial assistance programs that may lower your balance. Contact your hospital to find out if there are programs available.

Take charge of your finances this year by creating a budget and sticking to it! Use our handy budget worksheet to keep track of all your expenses or create your own easy-to-follow budget. No matter how you track your finances, write them down. Seeing our finances may help us to stick to our financial plan. Journaling in a planner can also help you understand where your money went each week; you may be surprised at how little expenses add up to big problems.

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Lesser-known Car Buying Tips

Fri, 06 Mar 2020 18:24:00 GMT

Buying a new or used car is an exciting experience. However, it is important not to let that excitement get you into trouble. Buying a car is a big commitment and if you simply fall in love with a car and buy it, you might be buying into years of headaches instead of an enjoyable driving experience.

Here we will walk you through some of the important things to consider, how to approach the buying process, and some lesser-known car buying tips that will help you get a good deal. These tips are not only what you can do to get the car you want, but also the cheeky tricks many sellers use on buyers . Knowledge is power, so read this fully before you start looking for your new car.

Using car buying calculators to your advantage

The first important step when buying a new car is to know how much you can afford to spend. While you might have savings set aside, it is a good idea to use a car buying calculator to know how much car finance you could affordably use. This way, you can determine your maximum budget and shop accordingly.

Car buying calculators work by considering interest, deposit, term, sales tax, and even your trade-in value. This way, you can quickly know how much repayments will be, without needing to complete loan applications or getting credit checks performed on your information.

The calculator will then deliver a figure of how much you can afford to borrow. Some loan calculators do this for you based on your monthly income and expenses, and can even factor in your credit score.

Why should you use a car buying calculator? To know what your maximum budget is so that you can buy a quality car that doesn’t have lots of problems and is enjoyable to drive. With new cars, it could be the difference between having full options or the basic model.

Our used car buying guide

Not everyone wants or can afford to buy a new car. Also, used cars are considerably cheaper , even if they are only 6m-12m old. So, in our used car buying guide, we look at some of the ‘normal’ and useful tips for buying a used car. These will help you to avoid some of the pitfalls and save some money.

A good car buying guide should include the following items:

The above items should help you avoid common issues. However, let’s now look at how you can end up breaking all the rules and accidentally committing to more than you bargained for.

Lesser-known car buying tips: How you’re seduced into buying

These car buying tips might seem a bit weird, but the truth is that most salespeople go through rigorous training about how to get you to buy what they want you to buy instead of what you want. If you aren’t aware and aren’t careful when buying from a dealership or secondhand car salesperson, the deal you expect may not be what you end up with.

Here are some lesser-known ways that you are seduced into buying a car that you should be aware of:

The amazing promotion

Chances are this is simply to get you into the showroom . They will then persuade you to buy something else. If you stick with the deal, you will likely find catches or missing costs that were not mentioned in the adverts

Magic words

The salesperson knows exactly what to say and how to say it. They will highlight the good, miss out on the bad, and deflect or redirect your questions. The idea is to convince you to buy, without technically lying about the vehicle. However, it is a very thin line they walk between twisting the truth and reality of horrors that could be hidden behind their clever words .

Pricing seems too good

Salespeople will often avoid the main price, use clever ways of saying it or only provide the monthly cost. This is all in an attempt for you to feel more comfortable about buying a pricier vehicle, even if it’s outside of your budget. Of course, once you are at the table and ready to sign, then the recommended extras start to sneak in, raising the price even further. Stick to your budget and really consider the total cost of a vehicle before buying it.

Should I trade in my old car?

Possibly not. If you are getting a good deal on a new car, there is a reasonable chance the offer on your trade-in will be lower than you deserve. Get your car valued , and if possible, secure a price before you go shopping for the replacement car.

Finance scams

From overly long-term loans to insane interest rates on secured loans (secured on your vehicle), the list of scams on the market is endless. Secure your car title loan or private loan in advance to avoid these headaches and give you a cash negotiation advantage.

Angelic history

If the charismatic salesperson told you that their 45-year-old partner is still a virgin, you would probably be suspicious. So, why believe them when they tell you the car has a perfect past and is hardly used? The car can seem like a bargain with a perfect history. However, do research and thoroughly check cars before buying . The older they are, the more you should check. Identities and history can be hidden or falsified, but an expert inspection should be able to recognize post-crash repairs, flooding damage, or cut-and-shut vehicles.

Flattery will get you everywhere

An old saying, but it still works, and we still often fall for it. We want to feel good, have someone show interest, and of course, get some compliments. For the commissions paid on cars that are sold, your salesperson is more than happy to feed your ego as much as it desires, up until you sign on the dotted line. Be smart, enjoy the ride, but don’t fall for the flannel.

Conclusion

With the above car buying tips and tricks, you should be on the right path to securing the car you want at the price you want to pay. Whether a new vehicle, or using our second-hand car buying guide to grab a bargain, we hope that the above points will help you to get a cracker of a car, and not a banger of a money pit.

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Q & A: Everything You Need to Know About Vehicle Collateral Loans

Tue, 03 Mar 2020 18:24:00 GMT

When you are in dire need of cash, you might be scrambling to find help. If your credit is poor—or nonexistent—you may find that your options are scarce. Perhaps you’ve stumbled upon information about using vehicles as collateral loans (car title loans).

If you’re thinking about securing a car title loan, you may have LOTS of questions. Here we address some of the most common questions about car title loans:

What is a vehicle title loan?

Vehicle collateral loans, or car title loans, use the equity of your car or automobile as the collateral securing the money you borrow. Your car must be worth more than you want to borrow, and lending amounts and terms may differ according to state laws and guidelines. Title loans are secured loans.

Lending amounts also may have minimum guidelines as stipulated by the lender. For example, a lender may not agree to write the loan for less than a specified amount. If your car is not worth this lending threshold, then you may not qualify for the loan.

If I can only borrow the value of my car, then how do I know how much my car is worth?

The resale value of your car depends on many factors, including age, make/model, condition, and mileage. In addition, if your car has a salvage title, it typically will qualify for a lower loan amount than a non-salvage title.

Some prospective loan applicants enter the process with a belief that they need a certain loan amount, and the car can always secure that amount. It is not guaranteed that you will receive a loan for the same amount your car is worth.

Cars depreciate with age, and many factors can affect the value of the car. If you have a lot of dings and dents, the damage will lower the value. Staying on top of routine maintenance also can positively impact the value of your car. According to NerdWallet , “Regularly servicing your car and keeping all the records can prevent your car from depreciating as quickly as a haphazardly maintained car of the same model and year.”

High mileage impacts the value, too. Why? A high-mileage car typically has more mechanical wear and tear.

Many car title loan companies use Kelley Blue Book values to help determine the resale value of a car. You also can receive a free value estimate online so you can have a better understanding of the possible loan value. However, this is not a guaranteed amount, and requesting an estimate also doesn’t mean that you’re approved for a loan. Use the estimate tool for informational purposes only.

I want to apply for a car title loan! How can I get approved?

The application process for vehicle collateral loans is simple. Fill out all the necessary paperwork and have your car title on hand. The lender will check your credit score to determine your credit risk. Poor or nonexistent credit doesn’t mean you will be denied, but your loan will likely have a higher interest rate. Make sure you review all the payment terms before you sign.

What is the average interest rate for a title loan?

Interest rates vary, and some local laws may guide lending terms (including interest rates). Read the contract and understand your financial obligations including the monthly payment expectations. If you have questions about the rate, talk to your lender.

Why does the lender have a lien on my title and what is a lien?

All title loans allow the lender to place a lien on your vehicle. Your original auto loan lender also placed a lien on your vehicle, if you used a lender to finance the purchase of your car. A lien on the title means the lender has a financial stake in the vehicle. If you have a home mortgage or HELOC, the banks that financed those loans have liens on your home .

Liens aren’t an issue unless you fail to meet your financial obligations on the loan. If you don’t pay your mortgage, a bank can foreclose and take ownership of your home so they can sell it to pay off the debt. This same process applies to car loans, too. If you don’t pay your car loan, the lender can repossess the vehicle. Failing to pay a title loan can lead to repossession as well. Repossession isn’t an issue if you consistently honor your financial obligations as stated in your loan paperwork.

I don’t want to use my car for a title loan. Can I get a title loan with an RV or motorcycle?

Yes! If you don’t want to use your daily commute vehicle to secure a title loan, you can use an RV or a motorcycle. The process to apply for the loan is the same, but motorcycles are subject to lending limitations by the lender (state laws also could affect terms or conditions). With a motorcycle title loan , you can only borrow up to $4,000 against the value of their motorcycle.

RVs are not subject to lending limits by the lender. With RV title loans you may be able to borrow a higher amount, as these vehicles may have a higher resale value. However, again, state laws may dictate other terms and conditions. This could include proof of home ownership.

Help! My current title loan is killing my budget. Can I refinance?

If your current title loan has a massive interest rate, you may be able to refinance the loan to secure better terms. To refinance, you’ll need to have access to your current loan paperwork. The lender will check your credit score to assess your credit risk. While lower interest rates are never guaranteed, it never hurts to investigate refinancing.

I can’t find my title! Can I still apply for a title loan?

If you’ve lost or misplaced your title, you may still be able to take out a title loan! Lenders can often help track down the title.

How fast can I receive my money?

Typically, the application and approval process is quick, and you may have access to the money you need the same day you apply. If there are any issues with approval, though, this could delay how soon you receive your money.

Are there any rules on how I can use the money?

You can use the money from a title loan for any purpose. Pay a bill, handle a personal emergency or buy much-needed items. How you use the money is up to you, but, remember, everything you use must be repaid.

Ready to apply for a title loan? Contact one of our loan specialists today!

More Resources

The post Q & A: Everything You Need to Know About Vehicle Collateral Loans appeared first on (EN) 1(800) Car-Title® .

Lesser-known Car Buying Tips

Sun, 15 Dec 2019 22:53:00 GMT

Using car buying calculators to your advantage

Our used car buying guide

A good car buying guide should include the following items:

The above items should help you avoid common issues. However, let’s now look at how you can end up breaking all the rules and accidentally committing to more than you bargained for.

Lesser-known car buying tips: How you’re seduced into buying

Here are some lesser-known ways that you are seduced into buying a car that you should be aware of:

The amazing promotion

Magic words

Pricing seems too good

Should I trade in my old car?

Finance scams

Angelic history

Flattery will get you everywhere

Conclusion

More Resources

The post Lesser-known Car Buying Tips appeared first on (EN) 1(800) Car-Title® .

Printable Teen-Parent Driving Contract

Mon, 02 Dec 2019 18:45:00 GMT

Becoming a licensed driver is a milestone that every teenager eagerly anticipates. This is an exciting time for parents, too. After all, there is nothing better than seeing your teen experience new things and take on more responsibilities.

But of course, the thought of your teen getting behind the wheel of a car might be nerve-wracking as well. Parents are experienced drivers, so they know far too well about the dangers that their teens will face on the road.

This is certainly a cause for concern, but fortunately, a parent-teen driving contract can help parents get peace of mind.

The Benefits of Signing A Parent-Teen Driving Contract

Signing a driving contract may seem over-the-top, but it can benefit both parents and teens by:

Starting the Conversation

Asking your teenager to sign this contract is the perfect way to start a conversation about safe driving . This conversation will open the door so you can continue to communicate with your teen about staying safe on the road.

Helping Parents and Teens Avoid Arguments

Having a contract will also help parents and teens avoid arguments in the future. This contract clearly outlines your expectations and the penalties that your teen could face for failing to live up to them. It’s all in writing. This means if your teens violate the contract, there’s no way for them to argue that they didn’t realize they were breaking the rules.

They also can’t argue that the punishment doesn’t fit their crime since they signed off on the contract, which clearly outlines the penalties they will face for breaking the rules.

Holding Both Parties Accountable

Teens aren’t the only ones who are agreeing to abide by certain rules by signing this contract. Some of the terms of the agreement apply solely to parents.

These terms are designed to hold parents accountable and ensure that they play a role in helping their teens become safe drivers. Because ultimately, teens will not learn how to drive responsibly unless their parents are good teachers .

Let the Contract Symbolize A Promise

Don’t think of this as a formal contract; you can’t take each other to court for violating one of the rules. Instead, think of this agreement as a promise that you and your teen must keep to one another.

By keeping this promise, you and your teen can strengthen your relationship, support one another, and most importantly, stay safe on the road !

Printable Teen-Parent Driving Contract

I, ______ agree to obey the following rules:

Obeying the Law

I understand that being a responsible driver means obeying the law.

I will:

I will not:

Distracted Driving

I am aware of the dangers of distracted driving and pledge to stay alert when behind the wheel.

I will:

I will not:

Taking Responsibility

I know the importance of respecting my parents’ rules and taking responsibility for my actions.

I will:

I will not:

Penalties

I acknowledge that failing to comply with the rules in this contract will lead to consequences, including the loss of driving privileges.

Violation:

Parking ticket

Speeding ticket/Moving violation

Driving the vehicle past curfew

Having too many passengers in the vehicle

Not wearing a seatbelt

Allowing someone else to drive the vehicle

Failing to properly maintain the vehicle

Driving while distracted

Driving the car while intoxicated

Other violations: _____

Length of Driving Suspension:

____ day(s)

If I violate the terms of the contract, I will lose my driving privileges. In the event this happens, I agree to give the keys to my car to my parents immediately. I also agree to refrain from using the vehicle until I have regained my driving privileges.

Parents/Guardians

As the parent/guardian of __________, I pledge to:

Be a good role model by practicing safe driving.

By signing below, I agree to keep these promises to ______.

Teens

By signing below, I agree to follow the rules and accept the penalties outlined in this contract.

TEEN-PARENT DRIVING CONTRACT PDF

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Modern Car Trends That Should Die

Tue, 26 Nov 2019 18:47:00 GMT

Many of us expected to have flying cars by this point of the 21 ^st century. And while automotive technology has come a long way, there are some car trends that have us asking “What the heck?”

From design to technology, what trends in cars today actually negatively impact the user experience? Let’s explore modern car trends that should be gone!

Too Little User Control

We’re getting closer to completely autonomous cars, but some of the changes in the meantime are a little disconcerting for drivers.

As we edge closer to self-driving cars, many cars on the road today are equipped with new features intended to make driving safer and easier. Any time you drift a little or don’t break fast enough, your car may beep or vibrate or even just stop.

A balance of control would be nice for today’s completely human drivers. Before we know it, cars will be thinking for themselves. Until that time, we can do at least some of the thinking.

Big Wheels Keep on Turning

We’ve all seen the big wheels. For a long time, they were considered a simple fashion accessory that some drivers put on aftermarket. Today, some cars come equipped with big wheels and little tires.

Part of the problem here is that big wheels do nothing to improve performance for these cars. In fact, they can negatively affect the car’s braking system, so they’re unnecessary for most drivers. Leave big wheels like this for car enthusiasts to play around with.

Really Weird Grills

Okay, we understand that there are some people out there who love a really quirky car, but some of today’s grills seem more aggressive than stylish. Audi, Nissan, and Lexus are all guilty of it with several of their current models. They add large grills completely out of proportion with the rest of the car.

Of course, there are some car designs that look better with a more stylized grill, but these sorts of things should be added with finesse, not the style cues of a child. For any traditional sedan, sometimes simple can make the boldest statement.

Stop with the LED

Have you had this experience? You’re looking behind you and see the bright lights of what might be a cop approaching in the dark. You slow down a little, but as the car approaches you realize it isn’t a cop at all but someone with blue accents on their headlights.

The use of LEDs on cars has reached maximum annoyance. Headlights don’t need embellishment; they just need to be functional. Too much of a good thing can lead to distraction by other drivers. Color changing accents can be added on the interior for the driver’s own enjoyment, not for everyone else to see.

Complicated Infotainment Systems

With all the laws passed across the country to stop drivers from texting or using their phones in the car, it’s hard to imagine why automotive designers are adding distracting interactive dashboards. With these so-called infotainment systems, they also sometimes bury the important features inside.

If you must navigate what is essentially an entire home computer system just to adjust the cabin temperature, you’re not concentrating on the road. It’s fine to have them on the touch screen, just make them easier to access.

Shifters that Aren’t Shifters

Electronic shifters are also becoming normal in many cars. Sure, a lot of people transitioned to automatic transmissions, but there is still comfort in moving the gear shift in park and knowing that your car isn’t going anywhere.

In fact, these confusing electronic shifters have caused deaths when drivers don’t realize the car isn’t in park. Most notably, an up-and-coming actor named Anton Yelchin died in 2016 when his car rolled over him in his own driveway. Tragedies like this are very preventable.

Engine Stop and Start Features

Have you ever been at a stop light, as either a pedestrian or another driver, to hear someone come to a stop and the engine cut off?

Auto start and stop features are intended to provide greater fuel economy, but it can be scary to have your engine stop and then start again when you hit the gas.

It can be troubling for pedestrians, too, who suddenly hear an engine come to life as they’re about to walk across the street.

It’s Way Too Quiet

Speaking of pedestrians, there are several cars on the market today that are just too quiet and that’s leading to major problems.

One of the biggest examples of this is the Toyota Prius. They’ve also been known to cause bicycle and pedestrian accidents because no one can hear them coming.

We understand that electric cars can’t have the same engine sounds as a traditionally gas-fueled car, but there must be some creative solutions.

WiFi Connections

Okay, automotive manufacturers, you’re sending us mixed messages now. Equipping cars with Wi-Fi connections sounds like a great matter of convenience, but it can also provide a lot of unnecessary distractions.

Far too many people will take advantage of these connections to use the car in unsafe ways. It won’t just be about connecting to Spotify or maps; it can be used to call or text which can lead to trouble.

Electric Parking Brakes

Much like easier to use gear shifts, there is a certain satisfaction of pulling up the parking brake. For those of us who live in mountainous or hilly regions of the country, we know that parking brakes are essential. How can you feel comfortable that the parking brake is engaged if all you have to do is press a button?

The increased use of digital technology in cars is great for a lot of things. Emergency parking brakes may not be the best use of these advancements.

Too Many Drive Modes

Most drivers just want to put their car in drive and have it move forward on command. They don’t want to worry about whether the car is in sport mode or eco mode. They don’t need performance mode. They just want to drive.

If an automotive manufacturer wants to sell cars that are ecofriendly and sporty, those might not be the same audience. Cars don’t need several drive modes to make them work properly.

Continuously Variable Transmissions

CVT, or continuously variable transmission, is a shiftless transmission that is supposed to increase performance in your car. However, there are some downsides. Not only can they fail spectacularly, but they can give you a false sense of security since you don’t feel the gears shift.

Any transmission can fail but since these are specialized, they may require additional processes to ensure that they can be back on the road again safely.

There are a lot of great new things being added to cars today, and we expect more cool features in the future. However, just because you can do something doesn’t mean you should . What design or technology features do you think need to be stopped today?

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Vegan Thanksgiving Recipes

Fri, 08 Nov 2019 20:54:00 GMT

What we serve up for the perfect Thanksgiving feast may depend on our culture, our family traditions and our personal palate. For many families, Thanksgiving dinner wouldn’t be complete without the turkey. If you adhere to a vegan lifestyle, though, that bird is not on the menu.

Thanksgiving Day is all about being thankful, and y our feast should reflect your personal beliefs and bounties. This year pardon the turkey and serve up these vegan Thanksgiving recipes for an ethical and tasty dinner.

Tofurky

Tofurky is a vegan alternative and all products are “plant-based proteins”! Don’t lump all alternative meat options as Tofurky, because the name is trademarked and describes one brand.

Many people note that the Tofurky roasts are a great alternative to the classic turkey staple. The company even offers multiple recipes for cooking Thanksgiving dinner with this meatless wonder as the centerpiece. Opt for an Orange-Glazed Tofurky Roast or Tofurky Holiday Roast with Bacon Crumble (yes, the bacon is vegan, too!).

Vegan Gravy

Oh, the gravy! Holiday dinners don’t seem quite the same unless they are drowned in a pool of creamy gravy. What do you do, though, when you can’t use the meat drippings to create that delectable topper for your potatoes?

Instead of using those not-so-savory drippings, grab some vegetable broth instead. Nora Cooks features a recipe for vegan gravy that calls for flour, soy sauce, Dijon mustard, onion powder, nutritional yeast, and veggie broth.

Vegan Mashed Potatoes

Yes, potatoes are naturally vegan. However, other ingredients that mix into those potatoes for a smooth mash typically are not vegan. Butter, milk and sour cream all come from animals.

Food Network includes a fast and yummy vegan mashed recipe. Use olive oil and unsweetened almond milk (or soymilk) to add creaminess, and Food Network recommends that you warm up the milk first. This recipe also calls for chives and garlic, but you can omit these ingredients if you don’t like them.

Vegan Sweet Potatoes

Like regular mashed potatoes, you can make mashed sweet potatoes using almond or soymilk. Sweetened plant milks will taste great if you’re making the traditional sweet potato casserole. Mix in a little agave nectar and a little cinnamon and nutmeg—how much depends on your taste buds. You also can top your mashed casserole with vegan marshmallows and bake until golden brown (many recipes call for 350 degrees for about half an hour).

Vegan Stuffing

Stuffing tastes great mixed with Tofurky and potatoes—scoop them all up on your fork together for an amazing Thanksgiving flavor. The Minimalist Baker offers a vegan stuffing recipe that calls for savory full-grain bread, vegan butter, lentils, onions, celery, veggie broth, flax egg and sage. This recipe, per the site, requires you to dry out the bread overnight—for that crumbly stuffing texture that we love.

Vegan Green Bean Casserole

Cream of mushroom soup serves as the base for this crunch holiday dinner staple. However, many canned soups include animal-based ingredients . The Kitchen Girl solves the soup dilemma with a cream of mushroom soup that is completely vegan. The site also includes a recipe for vegan green bean casserole , but this version features caramelized onions for a sweet addition to the classic recipe.

Vegan Pumpkin Pie

Yes, pumpkins are vegan! The crust for traditional pie, though, is usually filled with butter and other non-vegan ingredients. It Doesn’t Taste Like Chicken includes a vegan recipe that is quick and yummy. Grab a vegan pie shell (check your grocer’s freezer section) and these ingredients (per the site): pumpkin, coconut milk, brown sugar, cornstarch, vanilla, pumpkin pie spice, cornstarch, cinnamon and salt.

Cranberry Sauce

Thanksgiving wouldn’t be the same without cranberry sauce. Make your own, though, as those canned varieties often include gelatin —yes, this is an animal by-product .

Making your own sauce is pretty simple. The Food Network has a great recipe , and you can use fresh or frozen berries. The recipe calls for sugar, water and lemon (or orange) zest.

Other Must-Have Holiday Dishes

Some foods are naturally vegan. All fresh veggies support a vegan lifestyle. Add some vegan butter or olive oil and season with salt and pepper. You also may opt to make your own rolls, or, for simplicity sake, find dinner rolls that are vegan-friendly.

Do I have to serve a meat substitute?

There is no rule that states that your holiday meal must include a meat substitute. If you don’t love plant-based roasts, don’t serve them. Your holiday meal can include a variety of vegan side dishes; for protein, opt for bean-based dishes.

Unique Tastes, Unique Families

A Thanksgiving dinner menu differs per family and even by region. Your family may incorporate cultural tastes of the region or another country. There is no single menu option for this day of thanks. Create a menu that is distinct and delicious and that makes you and your family happy.

If you’re new to the vegan lifestyle and are questioning which foods are vegan friendly, visit Vegan.com ; the site offers a comprehensive list of vegan foods and links to recipes.

No matter what dishes are on your Thanksgiving dinner list, be sure to plan the menu in advance and create a dinner budget. Don’t be afraid to ask friends or family members to bring a side dish, too. Depending on how many people you plan to host, you may want to start cooking a day ahead of the holiday. Pies and other baked goods may be the first items on your menu to prep and bake.

So how much should you spend on this delicious holiday? Look at your monthly budget and find out how much to allot for the day. Each family’s financial circumstances are unique. To save money, opt for generic labels or shop at stores that offer private label brands . Many families find that leftovers are plentiful after a large Thanksgiving dinner, and you may eat on this feast for days. The money you spend could be spread over multiple dinners and lunches.

No matter where you shop, always read the labels before you buy. Some ingredients that you think are vegan are not. When in doubt, make it at home using ingredients that you know are vegan-friendly. Happy holidays!

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Save Money with DIY Halloween Costumes

Mon, 28 Oct 2019 22:21:00 GMT

The night for fright, silly jokes, ghoulishness and trick-or-treating is coming up fast. For many families, purchasing costumes from the store, though, just isn’t in the budget. Even the flimsiest costumes at budget retailers can cost nearly $20; when you’re trying to save money or pay down debt, dropping extra cash on a one-night costume just doesn’t make sense.

Don’t assume that a tight budget can scare you away from giving kids a happy Halloween. With a little creativity, your kids can look frightfully scary, crazy silly or perfectly pretty for a night of candy, jokes and late night fun.

Get ready to DIY!

Here are 10 of the easiest costumes to make for kids when the budget won’t budge:

All you need is a clear garbage bag, lots of balloons and a creative sign! How do you make it?

Your child is going to wear the bag as the costume, so you’ll need to cut holes for legs and arms. This isn’t difficult, but you may have a little trial and error for it to look right—thankfully, dollar stores sell trash bags or even clear gift bags (another easy option). Blow up lots of colorful balloons and stuff them into the bag. Add a sign on the front that reads “Jelly Beans” or whatever brand of beans you’d like to reference. You may need to add a colorful closure tie to the top, so the balloons don’t escape. Just make sure the tie is comfortable for your child.

You don’t need to buy a pre-made costume for a witchy or vampy Halloween. Head to the thrift store to score a budget option for this popular costume.

You can find a long black dress and use it as the base for the costume. Or opt for black pants and a black coat. Need a cape? Many thrift stores also sell cheap Halloween accessories, and capes are usually on the racks. You can hunt for a black sheet or blanket, though, to craft a quick cape. Fangs can be found cheaply at most stores, and never forget to check dollar stores (they also may have capes!).

Need witchy accessories? Score a hat for $1 at Dollar Tree . Use regular red or black lipstick for both witch/vampire make-up (cheap red lipstick can be used to create a blood-tinged mouth around fangs).

Create a totally awesome outfit with a little hunting at the thrift stores or garage sales. Finding 80s fashions is a snap , and you can create a unique look for, like, nothing, ok?

Tightly roll jeans, add a big sweater and a side ponytail. Or hunt down a classic bubble skirt or outrageously patterned tops or pants. The crazier the better!

And don’t forget to tease that hair and hold that style with LOTS of hairspray. For makeup, use blue shadow and frosty lipstick.

Many kids want to dress up as a princess. This is a really easy costume to create, because you just need a dress, tiara, cute shoes (or not…kids can wear something comfy) and a little makeup. Again, purchase dresses on the cheap at a thrift store. Or use an old bridesmaids dress and cut it down (if you are good with a sewing machine).

Buy a cheap tiara at a dollar store, and you’re all set.

Does your child want to add wings to the classic princess costume? For a fairy princess option, create wings from foam core board and have your child decorate them with paint, glitter glue and sequins. Use string to tie them on. Instructables offers a tutorial on crafting wings from cellophane , and this material creates a gorgeous fairytale look (plus, it’s pretty easy).

Be one of the undead with old clothes and lots of creepy makeup. Have old jeans on hand? Rip them up to look tattered. Grab an old shirt and paint it with fake blood. Mess up hair and use hair chalk for a funky color (opt for a blue tinge). The rest is all about the makeup ! Be sure to add red blood around the mouth, dark rings around the eyes and maybe draw on a few scars or other details. Your zombie can look however you wish!

Lifehack has an amazing tutorial for an easy Lego block costume . All you need is a box, some spray paint (or any paint) and some plastic cups (although Lifehack recommends Styrofoam cylinders). You can choose whatever color you want for this costume. This is super cute, so easy…and really inexpensive!

Like the bag of jelly beans, a bag of money is a really easy option to craft a few nights before the big day. You’ll need a big burlap sack and a lot of play money. Glue the fake money around the edges of the sack and add a dollar sign to the front (you can craft this with felt and glue it on). Cut out holes for the legs and arms and use twine to tie the top (make sure this is comfortable for your child).

With creepy clowns killing it at the Box Office, o pt for a scary costume that mixes in a chaotic carnival theme. You don’t necessarily need the standard clown suit. Your child can wear whatever clothes work for them. Again, the creepy factor is all about the killer makeup.

Plastic fangs add a fierce factor for the traditionally happy go-lucky clown. Mess up hair and use hair chalk to color the hair different hues. You can find plastic swords or other scary accessories for cheap at dollar stores (these are optional, though).

Need a tutorial for creepy clown makeup? Check out YouTube for all the crazy how-to videos .

If the budget is threatening to kill the fun in your Halloween, opt for easy DIY costume ideas that save money and look just as great as store options. You don’t have to be a craft wizard to create any of these looks, and there are many tutorials to help you along the way. The best part? Many of these costumes can be reused or re-imagined next year!

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Life Hack: Use Back to School Shopping to Teach Kids about Smart Spending

Tue, 08 Oct 2019 15:47:00 GMT

The yearly supply list is one of the many lists parents must check off for the upcoming school year . Kids in sports need gear, band members need uniforms and supplies, and most growing kids and teens need new clothes and shoes.

Depending on a child’s grade-level and involvement, back-to-school costs can soar beyond the budget. In fact, a 2019 report by Deloitte estimates that parents will spend on average more than $500 per child on supplies, clothes and other items for Back to School.

Kids don’t always understand that finances are limited . Instead, they may see what they want, not necessarily what they need. They also notice what their peers have and wear. Advertisements, social media influencers and the media may play a role in their ‘wants’ as well.

If parents aren’t cautious, back to school spending could quickly get out of hand. While many kids want to fit in with the crowd by wearing big brands, the pull of peer pressure can’t and shouldn’t override the financial bottom line.

Sometimes being a parent means drawing the line between wants and needs. Back to school shopping is one of the best times for parents to teach kids the difference between what they need and what they want ; those shopping lists can be a quick class in money management, too.

If your kid or teen has filled their back to school list with too many pricey items, here’s how to use the shopping experience to help them learn about spending and shopping smart.

Set a Budget

A back-to-school budget helps keep finances on track and may help limit spending. The budget should include total spending amounts for all expenses—supplies, clothes, shoes, etc.

Make sure the budget is realistic and that it doesn’t encroach on other monthly expenses ; this means that what you spend shouldn’t cut into the food, mortgage or other necessary expenses and financial obligations for the month.

Price Out the List

Parents should have teens and kids help them price out the list of supplies and other B2S items. What does this mean exactly?

Pricing out the list is all about discovering the real cost of every item on that list. This helps kids understand how much each item costs and how it affects the budget.

School supplies can be priced out first so that the estimated costs can be deducted from the overall budget. The remainder is what kids and teens will have to spend on the fun items like clothes and shoes.

Hunting for prices, though, will help kids see the real cost of an item and how it affects a budget.

Teach them How to Compare Costs

Pricing out each item also means learning how to compare costs. Help teens or kids research prices online and in-store. They may find better deals on clothes or supplies online, but some stores may have amazing in-store sales.

Kids can learn that shopping around helps them find the best deals —and stretch their dollars. But what about those big brands? Are they worth it? Your Teen magazine writer Michelle Icard notes that if the budget allows, parents may want to splurge on one or two hot brand items like shoes or jackets.

Teach Them to Budget with Cash

Teens tend to want to pick out their own clothes and shoes. Parents can purchase supplies—notebooks, pencils, etc.—and give teens the remaining balance to choose their other items.

Whatever is left over can be given to teens in cash as their budget. Parents can accompany them to the store to make sure that money isn’t spent on items not related to back-to-school.

Teens (and older kids) should be allowed to make some of their selections without parental influence. One of the shopping tips given by Self-Sufficient Kids is “let them make their own choices.” Giving kids this freedom is important because it helps them learn how to allocate their money. The unguided choices also could help them figure out their own sense of style.

Allow your kids to choose their clothes, shoes and backpack. What they select, however, must be paid for in cash from their own personal budget. Their selections cannot be more than their cash in hand.

A teen may choose an expensive shirt or pair of shoes only to discover that one item is all they could buy . You can explain to them why that one purchase is a bad decision, or you can let them continue with the choice. This is up to you (it’s your money)!

Be sure, though, that they keep the receipts in case they (or you!) have buyer’s remorse …and check the return policy!

Discuss the Purchases

After shopping, talk to kids and teens about their purchases. Did they buy a few items or did they get a lot for their allocated budget?

Their choices are a lesson. Next school year, buying a $50 t-shirt might not be the best choice. Ask them why they made certain buying decisions.

Use those decisions to talk to teens about budgeting in the future. Did teens/kids give up buying new pants or a new backpack to purchase pricier items?

If teens realize that they made poor shopping choices and they kept their receipts, take them back to the store and help them think about smarter purchases. Parents can help them pick items that maximize the budget.

Money Left Over

What if a teen or child has money left over from their budget? Instead of spending it, encourage them to put it into a savings jar (or bank account) for future needs.

A savings account is necessary for emergencies when they become an adult, so saving money is an important habit for them to establish . Explain that savings are meant to be used towards big expenses that hit unexpectedly. They may want to set aside their savings for college or a car .

Back to school expenses can be a big financial dent for parents. However, these yearly shopping trips can be the best time to teach kids about budgeting and smart spending. Set a budget and have kids research prices on every item on their list.

Understanding the price of each item teaches kids how that item affects their overall spending allowance. After all the necessities are priced, the remainder can be used for fun items like new clothes or shoes (unless these are truly necessities).

Take kids to the store and give them their cash allowance to spend on items of their choice. This helps teach them how their choices affect the budget. They may find that one shirt zeroes out their cash. If there is money left over, encourage them to save it up for future needs. Savings is an important asset to have as an adult, and saving money is a habit that should begin early.

Whatever choices they make, discuss with them the impact on the budget and maybe even their wardrobe. Instead of spending $50 on one shirt, they could have purchased two or three less expensive shirts. Shopping smart and spending wisely means staying on budget and getting the most out of every dollar.

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10 Ways to Save on Back to School Supplies

Fri, 04 Oct 2019 16:11:00 GMT

August signals the start of a new school year across the country, and the beginning of another grade means fulfilling the ever growing list of required school supplies.

Each year, that list seems to grow in length. Gone are the days of buying just the staples: crayons, glue, paper, pencils and a backpack. Today’s students are sometimes required come prepared with 10 glue sticks, several boxes of crayons, tissues, hand sanitizer and much, much more.

Blogger Robyn Wright wrote about the ‘excessive’ amount of requested supplies and even published school lists from her readers to show just how much parents and caregivers are expected to buy for the upcoming year.

For many families, that list becomes a dreaded yearly expense. According to a 2019 report by Deloitte , back to school spending is expected to be a little more than $500 per student. This number doesn’t just include classroom supplies (like paper and crayons) but also clothes and other extras.

Still, though, spending more than $500 for back-to-school can be a devastating financial blow for some families. However, spending such a large amount isn’t a necessity. In fact, families may be able to cut that number down significantly if they shop smart and look for savings.

When the school shopping list is more than the budget can handle, here are 10 ways to save on back-to-school supplies:

Set a Spending Limit

Very few families have an unlimited budget. Treat back-to-school shopping as you would any big expense, and set a budget .

When you have a set spending limit, you may be more likely to do cost comparisons and shop for sales. Budgets may help limit impulse buys, too. After all, if you only have a limited amount to spend, you don’t want to waste it on unnecessary items.

Don’t Charge It

Anything you charge to a credit card accrues interest if you don’t pay it off quickly. Interest, over time, adds up. That $200 in school supplies can cost much more in the long run.

If you don’t have to charge B2S shopping, then don’t do it. Instead, withdraw cash in the amount of your back-to-school budget. Pay for items only from the cash budget.

Take Advantage of Tax-Free Weekends

Many states offer a tax-free shopping weekend in preparation for back-to-school shopping. While it might not seem like a ton of savings, that sales tax does add up.

This also is the prime time for other school sales; be on the lookout for markdowns on school supplies and/or clothes and shoes (at certain retailers).

Don’t Assume the Dollar Stores are the Cheapest Option

Some families head to dollar stores as a quick way to save cash on supplies. However, be cautious of dollar stores for B2S shopping. Many bigger retailers offer lower prices than dollar store discounters; in fact, you may be able to score crayons and other classroom necessities for mere cents during school sales.

At the dollar stores where everything is $1, you might pay more than you need to for must-have supplies. Shop smart and check out those sales!

Shop Gently Used or Second-hand Stores for Clothes

Kids outgrow clothes too quickly. Buying expensive name-brand items for full-price is fine if you can pass those items down to a sibling, but the spending might be a waste if the item won’t see much wear. Save money on big brands by shopping at consignment stores or thrift stores.

One major item to shop with care when choosing second-hand? Shoes! While experts say that you can purchase secondhand shoes , you need to check the fit as well as the wear and tear on the shoe…and clean them!

Head Online for New Shoes and Clothes

If you need to save money on new brand-name shoes and clothes, opt for online. Major shoe retailers and even Amazon sellers may have the best prices for new shoes for the school year. The only downside, though, is that you need to know your child’s shoe size.

Big-name retailers also may offer great online sales for clothes and accessories. You might be able to score some great deals for backpacks, too.

Consider Purchasing Supply Packs through School

As supply lists grow, many schools are seeing the crunch to parents’ budget. The solution? Many schools now offer parents the option to order a supply bundle pack , which includes all the supplies kids need for the year at a set price.

Often the price for the pack is cheaper than buying in store—or at least comparable (time is money, after all).

It’s OK if You Need to Delete Items from the List

Teachers know that not all parents can purchase everything on the list. If you can’t afford four packs of markers, buy what you can afford .

Not able to send in tissues and hand sanitizer for the entire class? Buy individual items for your child.

Use Last Year’s Items When Possible

Check out last year’s items, too, and see if you can use them again this year. Maybe the backpack and lunch box is still in good condition. Don’t buy new if the old still looks good.

Yes, your child might want a new character backpack or the snazzy new supply box. This is a great time to teach them about wants and needs , though. Some parents opt to only buy plain items that can be reused from year to year—like solid color supply bags and lunch boxes.

Wait to Purchase Certain Items Later in the Year

Not every item has to be purchased before the first day of school . You might wait to purchase new shoes or clothes a month after school starts. Buy what you need for the first day and purchase other items later when the budget allows.

School supplies have become a huge expense for families, and the list of must-have items seems to grow with each new school year. If your budget is tight , look at ways to save on that supply list. Shop sales, visit consignment or second hand stores for clothes, opt for pre-made supply packs and always set a budget for your spending.

Don’t charge purchases unless you have no other option and don’t be afraid to delete items from the list. You may be able to use last year’s items, too, and families may find that they can wait until later in the year to buy certain items. Following these tips, you can surely ace B2S shopping without failing your finances!

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Digital wallet vs mobile wallets: How to Get on the Mobile Currency Bandwagon

Wed, 02 Oct 2019 15:43:00 GMT

Do you find yourself with an ever-growing wallet or purse? Even when it isn’t filled with cash, it seems to keep growing over time, almost to the point of bursting. We start out with a few items, but then membership cards, bank cards, transport cards, and business cards all start to make it less of a pleasure to carry. This is why we are looking at the benefits of digital wallets vs mobile wallets .

Mobile wallets are a solution to this expanding problem. They allow users to store payment and membership details within a digital wallet in their phone. The wallet connects with the phone’s technology to allow payments to point of sale machines . This allows people with a mobile wallet to make a payment from their phone.

At the beginning, there were a lot of concerns about the use of these wallets. Mobile phones also weren’t as secure then, so people worried about storing their data. However, today, most mobile phones come with standard encryption, fingerprint security, and constantly updated security software .

Mobile wallets have also evolved, with more convenient features and protections. This is now allowing people to do away with bulky wallets and move over to a more mobile lifestyle . So, if you are looking to get on the bandwagon and reduce your wallet size, read on.

Digital Wallets vs Mobile Wallets: What is the Difference?

The main difference is where they are stored and their interaction with a mobile device. There are many forms of digital wallets, but many of them are in the cloud, on a PC only, or simply connecting to blockchain networks such as Bitcoin and other crypto currencies (blockchain networks). They do not necessarily need a mobile device, but the device must support a mobile wallet.

The key difference is that a mobile wallet stores the information in your phone , normally allowing you to use it when online and when offline. It connects with the phones technology, many use the NFC feature of phones to connect to points of sale to make payments.

This allows the owner to make payments simply by identifying themselves (such as with a fingerprint) and waiving the phone over a device in the shop. Mobile wallets can also help users to easily keep track of spending and stay on budget .

Popular Mobile Wallet Types for Payments

There are many choices of mobile wallet, but a few have grabbed the market and are well established. This means that not only are they secure , but they also offer all the best features.

The top three are most commonly known. PayPal is more popular for shopping online. That said, there are currently many shops, restaurants, and bars that accept all of these for payments . They can sometimes be interconnected too, such as adding PayPal to Samsung Pay.

Cryptocurrency Mobile Wallets

Bitcoin is the best known, but there are various forms of crypto now available on the market, and people love the flexibility of storing their crypto on a device that they can keep with them.

With crypto wallets, however, there is normally not a feature for NFC payments or similar. This is likely due to the difficulty in tracing crypto currencies, and that there are no ‘protection’ policies in place, such as with payment processors like PayPal.

Crypto wallets are commonly an app that stores and transfers crypto, which is kept on the blockchain and the key to accessing it is saved in the mobile wallet or written down offline. Some of the wallets also link to crypto exchanges, allowing users to buy and sell crypto easily, instead of peer-to-peer transfers.

Crypto wallets provide the advantage to securely store crypto on phones, pay via crypto transfers, and even recover the wallet if the mobile phone is lost or stolen.

Popular Features to Look for in Mobile or Digital Wallets

The most popular features sought for in digital or mobile wallets are the following:

How to Choose a Digital Wallet

We’ve looked at the features and benefits with regards to digital wallets vs mobile wallets, but you may still be unsure which mobile wallet to choose. Depending on your device, you will likely find that there are advantages to using your phone’s main wallet and possibly in combination with PayPal. Such as, using Apple Pay if you have an Apple phone, or Google Pay on an Android device.

It is best to read the features and decide based on both your device and how you plan to use the wallet. There are also many other providers of successful wallets in the app stores, and a simple search will give you plenty of choices.

Make sure to read reviews and research mobile wallet features before you commit to caring for your cards digitally. However, making the change will likely leave your real-world wallet a lot more comfortable, and if you forget your wallet … you can pay from your mobile.

More Resources

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Dating Debt: What is it, How to Avoid it, and How to Get Out of It

Mon, 23 Sep 2019 22:58:00 GMT

Millennials today have almost everything online. The online persona is normally a lot more lavish than their real-world deal . This can have an impact on dating, and while trying to impress, cause a little dating debt. After all, we must live up to our online image, right?

Dating debt is not so common amongst previous generations, but today’s millennials feel an ever increasing need to stand out and ‘fake it until you make it’ . The FOMO effect (Fear of Missing Out) also plays a big part in why people borrow to impress during a date. That and the motivational chance of the date going so well, that it might just continue through the night.

A recent report by Credit Karma showed the top reasons why people run up dating debt . Let’s look at the key motivational factors to start with:

Why People go into Dating Debt

Here are to top 3 reasons people overspend while out on a date:

What Exactly is Dating Debt?

Dating debt is pretty much how it sounds. It is a debt that is caused by overspending during a date . The overspending may be accidental, or a planned decision. The reasons are varied, but the fact remains that the debt stays after, even if the date doesn’t hang around.

This leaves people in a tricky situation. They may then continue dating others and rack up more debts in the process. Many millennials report overspending by $250-500 on a single date . A few dates would then add up to a reasonable amount of dating debt.

What Makes People Feel the Need to Overspend?

The truth about finance is that it just isn’t sexy. After all, you want to have fun with your date, for them to leave feeling happy and impressed with how it went.

The words ‘I can’t afford that’ are not something anyone wants to hear. They also don’t want to hear about how you are broke because of existing debts. So, you spend regardless and dig a little deeper into the red.

In fact, most millennials consider debts to be a dating deal breaker . Even debts caused by education are causing problems in the dating scene. Student debt is something most have but may be considered a major turn off to potential spouses. This is despite the increased likelihood of someone with a good degree getting a higher paying job.

All in all, this is an unrealistic view of debt, especially student debts. A large percentage of the population is in some form of debt; those that have studied in order to get a better job will most likely have a higher level of debt (unless they come from a wealthy family). With college graduates, reportedly 70-88% will be in debt after their studies. So, finding that gem date without any debts is pretty challenging.

How to Manage Dating Debt and Get Out of Debt

Dating debts do not need to continue to be a downward spiral. There are ways to manage them better, and to avoid them all together, or spread the cost in a more affordable way. Here we’ll look into how.

Firstly, you need a budget . In this case, you want to create your budget with the sole target of reducing your debts. This means that you might need to be a bit stricter than normal while creating and sticking to your budget.

What your budget should include

Every budget is created differently, but there are always some key points to consider and common ways to reduce outgoings.

Secondly, once you have your budget, consider planning your dates better . Just because you don’t have a mountain of money to blow on every date, doesn’t mean that you can’t have an amazing time with someone without increasing your existing dating debt.

If you plan the date in advance, shop around for fun and interesting date venues. It’s surprising how you can impress on a budget and likely end up having even more fun than you’d expect. Effort wins points over splashing cash, at least with anyone you would actually want to date long term.

Lastly, you should look to refinance your existing debts . When out on a date and having fun, you probably didn’t even think about which spending option would give you the best interest rates. However, since that date ended, you have probably been having interest added to your date debts. This can add up fast, especially if your overspending on credit cards, overdrafts, or worse, an unapproved overdraft.

Fortunately, there are a lot of ways you can reorganize your debt, even for those with no credit rating . At this point though, don’t consider only the debt from the date, but instead look at your total situation. Then you can take the debt amount and look around at ways to refinance, such as lower interest personal loans, car title loans , mortgage linked lending etc. In this way, you can take all your existing high-interest debts, and refinance into a much more manageable debt that you can now factor into your budget.

Keep this all together, and you should find yourself heading towards being debt free. It could take a while depending on your financial situation, but that feeling of being debt-free will give you a new life and better dating odds going forward.

More Resources

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What is Credit Freeze and How to Manage It

Mon, 16 Sep 2019 23:57:00 GMT

If you are wondering “ what is a credit freeze? ”, then chances are that you are already looking into how to protect yourself from identity theft and similar fraud.

Here we will explain what a credit freeze is and how to thaw out your credit to make it usable. We will also investigate some of the costs and supporting factors of this process.

A Credit freeze is now a choice, it isn’t just something that is forced upon someone. It is a way to protect your digital and real-world identity in an affordable way. Although only a small percentage of the population are affected by identity theft, when it happens, it truly devastates those that are victims.

What is a Credit Freeze?

In effect, a credit freeze locks out financial institutions from viewing the content of your credit report . This then prevents new accounts from being opened in your name under new institutions. It doesn’t lock out your existing financial relationships.

It simply stops new credit checks by unknown institutions from being performed. This makes it almost impossible to open new accounts, as no credit information can be acquired by any new companies.

What is Identity Theft?

Identity theft is a group of techniques that scammers and fraudsters use to steal your information. This is done through fake emails, social profiles, viruses and more. Once they have your personal details, they then proceed to attempt to open new accounts in your name .

The thieves will then easily borrow money in your name, using your credit to open credit cards and accounts with overdrafts. They then will spend as much as they possibly can before you or the financial institution even become aware that there was an identity theft. In some situations, this can even result in savings being stolen, but running up debts ‘remotely’ is a more common technique, as they don’t need to talk to anyone or appear in person.

At this point, the victim is faced with a long and problematic task of proving their identity, closing down the fraud accounts, and trying to recover their credit rating .

What is a credit freeze doing to protect me?

Although the majority of the public may be unaware of voluntary credit freezes and their benefits, the option to freeze your credit score has been around in the US for over 10 years . It was brought about as a legal change to help protect citizens from the ever-growing risk of fraudulent identity thefts. It also has zero impact on your credit , so you can apply for future accounts with confidence.

Once setup, a credit freeze makes it extremely difficult to get any new account or credit applications approved. The company that receives the application will simply be blocked, and so they will decline the application or ask the fraudster to unlock their credit report. At this point, most fraudsters are going to give up, as they are unlikely to have gotten your secret PIN required to remove the lock, and likely wouldn’t attempt to unlock it anyway.

Of course, if you ever receive a request for that PIN in an email, message, or social media … never share it! Even if the email looks legitimate, always type in URLs and go to websites directly , never click on the links or attachments.

How do I Freeze My Credit?

To freeze your credit, it is essential that you make sure all credit bureaus are advised to stop giving reports . This means that you will need to contact Equifax , Experian , and Transunion to request that your credit is frozen. To apply a freeze, they will need to verify that you are who you say you are. This is because only you can freeze your own credit reports. So, be prepared and have all your key personal details at hand .

If you have already been affected by identity fraud, all three of the credit reporting agencies will waive the fees normally associated with freezing credit. So, if you have recently learned that you are a victim, don’t hesitate to contact them and get your profiles locked down to prevent future issues.

For those that aren’t victims of identity theft, then each company will charge a small fee. Fees will vary slightly, depending on where you live in the US and some other details. However, they normally range between $0-15 for each action.

Credit Freeze Fees

These are the approximate fees that are charged for actions to be performed on your credit profile. The fees are per company, so remember to multiply by three to perform this action on all of the main credit reporting agencies.

These fees can add up, so plan when you want to lock your credit. If you feel you will need a loan, car title loan , credit card, or new bank account etc., try to get things set up before you lockdown your profile. On average, each action will cost about $30 , unless you are over 65 or a victim of a credit related crime.

If you are a concerned parent, you also have the right to freeze the credit profile of your dependents. However, in most cases, this isn’t possible, unless the minor already has a credit profile. If they have never held an account, then there are likely no records, and so a credit freeze can’t be applied to something that doesn’t exist.

Is a Credit Freeze Worth Your Time and Money?

Although you are unlikely to become a victim, you may think that a credit freeze isn’t worth the time, money and effort . However, the severity of disruption that identity theft causes would likely leave most victims wishing that they had known to freeze their credit before it occurred.

The truth is, that it isn’t a perfect system. If you already have accounts setup, and someone did try to impersonate you, then they could potentially open new lines of credit with the existing companies on your report. However, the knowledge that new accounts will be blocked gives a level of peace and security . Combine this with credit report alerts, and you have a pretty secure system for quickly stopping and mostly blocking possible issues.

That said, at the end of the day, a lot of the responsibility falls on the individual . Limit the amount of personal information you share online, if you need to share some, then don’t post personal details publicly. Don’t share information with social profiles that you aren’t 100% sure about. For example, your daughter suddenly has a new Facebook page, and asks for details. Finally, never click on links or attachments in emails, text messages, chat apps, or pop-ups. Go to the website directly, but only if it is one you use and know about.

More Resources

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No Health, No Wealth: 7 Eating Habits that Will Also Protect Your Bank Account

Tue, 25 Jun 2019 15:53:00 GMT

How you eat and how you save money are linked. It’s easy to assume that healthy choices are more expensive, so we fall back on unhealthy fast food or snack options that feel like a better value.

But there are ways to eat healthy and continue to build your personal financial management skills. If you’re thinking about eating healthier on a budget , here are 7 eating habits that will also help protect your bank account.

Start a Garden

Sounds crazy, but growing your own food can be healthy, economical, and provide plenty of other benefits. Did you know that planting a garden can help your physical and mental health ? Getting outside and digging in the dirt is therapeutic for many people.

You can grow a variety of foods that you no longer have to buy at the store. Fresh vegetables, herbs, and even fruit can help you save money and eat healthier. Popular choices include :

Avoid Convenience Packaging

Another way to save a few dollars is to avoid convenience packaging . While it may be so much easier to buy a bag of mixed greens to pour into a bowl to make a salad, it’s nowhere near as economical. Instead, buy heads of lettuce, romaine hearts, or mixed greens that you bag yourself at the store.

Skip the pre-cut fruit and buy the whole thing to slice up yourself. You’ll save money and the food will stay fresher, longer.

Buy Bulk

You can also save a little money by buying in bulk. This doesn’t just mean going to the big stores like Sam’s or Costco, but going through the bulk food bins in your regular grocery store. You can get a great deal on items like flour, granola, or nuts by bagging them up yourself.

This also gives you a chance to buy only what you really need and save money in the process . If there is an item you use a lot, buy bigger amounts. If not, get a smaller bag .

Buy Staples on Sale

There are some things you can have around your house for a while so they’re worth scoping out the sales . For instance, if you have pasta on hand you can always whip up a fresh Primavera with the vegetables from your garden.

Other staples include canned foods, like black beans for quick tacos. Keep tomato sauce or salsa on hand to use in recipes .

Choose Chicken

If you are a meat eater and want inexpensive protein, choose chicken over beef or other meats. Chicken is versatile and can be used in a lot of meals as a replacement for just about any other meat.

For example:

The possibilities are endless and much more cost effective than other meats.

Use Grains

To bulk up a meal filled with homegrown veggies and chicken, use grains. They may seem expensive, but they go a long way and help you feel full longer . Popular grains include quinoa, barley, couscous, and even rice.

For instance, a great lunch you can make ahead of time is a grain bowl . It can make three to four servings that you can store in the refrigerator and take to lunch during the week. These grain bowl salads are great cold. Here are some examples for tasty bowls:

You can get creative and make any number of bowls using any ingredients you have on hand.

Buy Fish

Another healthy choice that can be inexpensive if you know where to look is fish. Talk to the professional at your market’s fish counter to find out the deals of the day. Fatty fish, like tuna or salmon, have a lot of amazing health benefits and are easy to make with light meals using your homegrown vegetables and staples.

You only need to eat fish a couple times a week to experience the positive health benefits, so why not treat yourself . Buy fresh fish, not frozen, from your local market and you can get deals as well as healthy meals.

Are Meal Delivery Services Worth It?

One question many Americans ask right now is if meal delivery services are worth it? Are they any healthier or do they really cost less?

There are several popular services to choose from and cursory research indicates that many of them are around the same price. For about $10 per meal, you will find they are cheaper than eating out but a little more expensive than shopping for the ingredients individually at the store. However, there are some other things to keep in mind.

There are a quite a number of benefits, though. Many people enjoy the ability to try new foods without the commitment of buying large quantities.

Moreover, everything is portioned exactly for the meal you’re making. This includes things like spices which, while generally inexpensive, tend to sit on the shelf unused for years . If you only need a teaspoon of an exotic spice, you’re only going to get a teaspoon of an exotic spice.

Looking into meal delivery could be a good use of your money and provide you with healthy and convenient meals at home.

Additional Money Saving Tips

These aren’t the only ways you can save money on healthy food . Other tips include:

Eating healthy doesn’t have to break the bank. And you can use the money you’re saving to pay off your debts or begin a savings plan to help you with any future financial goals.

More Resources

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Hacking Car Photography: 6 Pro-Tips for Epic Shots

Tue, 04 Jun 2019 15:31:00 GMT

Do you have a beautiful vehicle you want to show off to the world? Or maybe you’re trying to get your foot in the door in the car photography business. Whether you’re shooting for business or pleasure, car photography takes a lot of work to ensure that you end up with perfect photos.

Practice and hard work can improve the quality of your shots over time. You can get an immediate boost today by taking advantage of these 6 pro-tips for epic shots. Find out right here how you can start hacking car photography.

Car Photography Hack #1: Get the Right Light

Lighting has a tremendous effect on car photography, and photography in general. Getting epic shots will require different lighting considerations if you are planning on an outdoor or an indoor shoot.

Outdoor Lighting

The pros advise that you plan outdoor shoots to take advantage of the “golden hours.” Make sure you’re on site and ready to shoot to take advantage of the light during the hour after the sun rises and the hour before it sets for the day . Make sure that you keep an eye out for reflections in the surface of the car as you shoot. You might even find that you’re reflecting in the car’s finish, if you aren’t careful.

Technical Tips:

Getting the most out of your golden light requires you to make some adjustments to your equipment. You might want to consider a tripod and a long exposure period. Focus on keeping your ISO low and the f-stop of the aperture high. You might set the f-stop up to f/20 to keep your background and foreground in even focus.

Indoor Lighting

You can also improve your lighting quality on indoor car shoots. Artificial lighting obviously offers you more control than the unpredictable weather, but you can fall into the trap of oversaturating the car when working indoors. Place your lights carefully and work on not doubling up light sources on one area of the car for the best results.

Technical Tips:

Setting up the lights for an indoor shoot can be tricky. Many photographers focus on setting up their lights one at a time to draw attention to certain aspects of their car, or even specific angles before moving on.

Car Photography Hack #2: Explore a Variety of Shots

There’s no one angle or shot that will give you the perfect shot for every vehicle. Car photography is an art form as much as anything else, and the pros will stretch their creative wings when deciding on shots. Even basic options – like shooting a vehicle straight on from eye level – can be spiced up, depending on your lighting and background.

Some pros play with viewer expectations by getting in very close to the vehicle. You can see a car from a whole new angle if you get in tight on a specific, striking feature. You can also explore different shot options by changing the height of your shot.

Technical Tips:

Getting low or high on a vehicle changes perspective in an engaging way. This can be as easy as:

· Standing Tall and Lifting Your Camera Overhead

· Taking Advantage of a Ladder to Get Some Verticality

· Crouching Down or Even Laying on the Ground

Car photography can be as much about the position of the photographer as it is about the car. Don’t be afraid to move around as you shoot , exploring new angles and different options for shot compensation as you work.

Car Photography Hack #3: Focus on Your Backgrounds

Capturing an epic shot in car photography requires you to have a great car and an attention catching background. The world around you can be a stage for your shots . You have options when it comes to indoor and outdoor backgrounds for a perfect photo shoot.

Many car photos are especially striking if you place the car in an unexpected setting, instead of shooting on the side of a road, or in another parking lot. Depending on your location, you might have some beautiful natural areas for a photo shoot. Don’t be afraid to explore and take risks when you’re planning a shoot.

Regardless of the setting you choose, you need to make some decisions about how to snag the photos. Some pros recommend that you de-focus the background in at least a portion of your shots. This draws the eye directly to the car.

Technical Tips:

Reducing focus on the background can be done by adjusting your camera settings. Increase your shutter speed and open your aperture – wider is better in this situation, you can even go up to f/4 – to capture a stunning image full of artistic energy.

Car Photography Hack #4: Get Behind the Wheel

The exterior of a car only tells half the story in car photography. Don’t be afraid to open the door and climb inside to get some epic pictures of your vehicle’s interior. You can focus on specific interior details that capture your attention.

You can also shoot into the car from just outside the door. Shooting across the seat can offer a new perspective for you to consider. Keep an eye out for glare on the console or off of the windshield to ensure that you snag some epic shots.

While shooting inside a vehicle, don’t forget to think about the world around you. You always have a background that you can take advantage of when working on car photos. Park your vehicle carefully , and you could have a stunning background right outside the windshield, which can add a professional level of contrast to your shots.

Technical Tips:

You have the option of keeping the foreground and background equally focused on an interior shot, or blurring either your foreground or your background. Lowering your aperture can create the effect of blurring the interior of the car while sharpening any interesting sights in the distance, which can lead to stunning shots.

Car Photography Hack #5: Don’t Be Afraid to Ask for Help

Car photography doesn’t have to be a solo task. In fact, getting some extra hands around to help on the day that you are shooting can lead to huge improvements on your shots. The pros often work with a team , and, of course, you won’t be able to take shots of the car in motion if you are working alone.

Moving shots utilize an effect known as panning. Panning results in a shot that captures the beauty of a car while it’s in motion, with the rest of the world turning into a background blur. You can experiment with panning by staying in one place while a friend drives the car around. You must move to keep the car in line as your friend drives to snag an epic shot with this technique.

You can also experiment with car-to-car photography. Taking a shot of one car from another vehicle – while they are both moving – can be incredibly difficult, so please don’t attempt this when there are other people around on the roads. When working on car-to-car photography , you generally want to match speed to get the best shots.

Technical Tips:

Moving shots introduce a degree of complication into any photo shoot. Many pros use a special harness when they’re doing car-to-car work . You can also sit in the back seat, but please remain safe and secure while you’re working.

You can adjust your shutter setting to improve moving shots. Increase the drag on the shutter (put the setting on 1/40 or even 1/60 of a second) to ensure that your shots are suitably epic. Focus on keeping your camera as steady as possible for best results.

Car Photography Hack #6: Prepare for a Nighttime Shoot

So far, we’ve mostly discussed indoor shoots and shoots during the golden hours of the day. Setting up a shoot after the sun sets and the stars come out can snag you some truly epic shots, if you’re willing to put in a little work to prepare.

Taking a great night-time photo is all about lighting. You need to exert total control over light sources at night, which means getting to a dark area . You want to avoid streetlights. Even a lot of light from the moon can have an unwanted impact on your shot, so plan carefully.

Once you have your location and control over your light, you’re going to want to decide on your shot composition and get down to work. You can end up rewarded with amazing images after a night of hard work.

Technical Tips:

Getting an amazing nighttime shot can be easier with a tripod. Adjust the aperture on your camera to around f/9 and slow your shutter to around 30 seconds with a high ISO. This allows you to move around the car with a light source, which can give it an amazing glow. You can also take advantage of the natural lights by getting low and shooting up towards the sky, adjusting your aperture to sharpen or blur the background.

Get the Epic Shots You Want with Car Photography Hacks

Breaking into the world of car photography can give you the opportunity to take some epic photos of beautiful vehicles. There’s a lot to learn along the way, but these tips can put you well on the way to hacking car photography.

Remember to plan your shoots around the lighting you have available. Don’t be afraid to experiment with different angles for shots, or even to crawl into the car to get some amazing shots. Getting an extra pair of hands – or more! – can open up whole new avenues in your photography as you capture cars in motion. You can even create epic night time photos with a little effort.

Applying these pro-tips to your photo shoots can allow you to start generating epic shots today, so grab your camera, develop a plan, and start pursuing your vision now.

The post Hacking Car Photography: 6 Pro-Tips for Epic Shots appeared first on (EN) 1(800) Car-Title® .

An Insider’s Guide to Springfield, MO

Wed, 08 May 2019 23:31:00 GMT

Springfield, Mo. is the perfect mix of urban and rural living. The city is big enough to offer amazing family attractions while still offering the closeness of small-town community. Many travelers and tourists visit Springfield on the way to Branson—home to numerous country music acts and, of course, Silver Dollar City. But Springfield is a destination all its own; whether you’re passing through or heading there as your final stop, there is something to keep you busy in this Missouri city.

Springfield is known for being the birthplace of famous U.S. Route 66 . And for its 22 story high (270 ft) building, the Hammons Tower built in 1987 which hosts a restaurant with the most beautiful views of the city.

The city is home to numerous colleges and universities, including Drury College and Missouri State University ; so this city is going to be especially active during the academic year. But one of the best perks of Springfield—and the Midwest in general—is the affordability factor. If you’re heading to Springfield on a budget with a family in tow, you can have an amazing time while spending very little money.

In fact, the Springfield, Missouri Convention & Visitor’s Bureau web site has an entire section of free activities! If you’re tight on cash, here is a sampling of just a few of the free and amazing things you can see and do in Springfield! There isn’t room to list all the free fun, because the thrifty list is that expansive.

Museums

If you’re heading to Springfield with the family, as a couple or solo, you need to check out some of the free museums. Whether you love nature, history or baseball, there’s a free museum for you!

Archery Hall of Fame

This is a must see for archery enthusiasts; the Hall of Fame is in Bass Pro Shops Outdoor World. Stroll the museum to see archery mementos and historic bows, including a bow made by Geronimo.

Bass Pro Shops Motorsports Museum

Ready to rev your engine? Car and racing enthusiasts should head over to Bass Pro Shops Motorsports Museum. You can see suits, helmets and, of course, cars.

History of Hearing Museum

This is an amazing museum for those with those who want to learn more about advances in hearing—especially hearing aids and other auditory developments. The History of Hearing Museum includes exhibits that show early hearing aids and other devices.

Lew’s Ozark Fishing Museum

At Lew’s you can view thousands of lures, antique items and lots of other fishing memorabilia. This museum opened in 2016. Take a tour Monday through Saturday (limited hours on Saturday, however). Of course, everyone receives free admission.

NRA National Sporting Arms Museums

Located in Bass Pro Shops, the NRA National Sporting Arms Museum “celebrates the history of hunting, conservation and freedom.” Those who support the right to bear arms can view about 1,000 firearms, including a few from Hollywood icons Tom Selleck, John Wayne and, of course, Charlton Heston.

Railroad Historical Museum

Kids—and adults—who love trains and all things rail related will want to pay a visit to the Railroad Historical Museum. Everyone will love exploring the cars and viewing railroad memorabilia and photos. There is lots to see, and you may even want to plan a picnic in the nearby park.

Outdoor Sites

If you’re visiting Springfield during early fall, spring or summer (winter can get blustery in the Midwest), plan to head out to a few of these must-see attractions:

Battle of Springfield Tour

Springfield was Union territory during the Civil War. Map out the paths of the troops as you take a tour of this historic site. This is a must-see for students studying the Civil War or anyone with an appreciation of Civil War history.

Dr. Bill Roston Butterfly House

This attraction brings nature indoors. View and visit with many species of butterflies. This site is relaxing and a lovely stress reliever. Kids will love watching the butterflies perch on flowers, sip on nectar and decorate the venue with their fluttering colors.

Sculpture Walk Springfield

Head outdoors for fresh air, exercise while appreciating the outdoor artwork. Sculptures change often, so each year—or visit—you may see something new. Be sure to print out a map online so you can find every sculpture and plan out your route.

Springfield Conservation Nature Center

This is an ideal destination for kids. There is a gift shop, exhibits, programs and more, indoors. If you want to fish locally—like Lake Springfield or Fellows Lake—you can get your fishing license here. Take kids outdoors for three miles of hiking. If you’re heading out on the trails during the hot Midwestern summer, though, be sure to pack lots of water.

Wild Bill Hickok Shootout

This is a quick destination, but it also may be fun for the family to see where a famous ‘Wild Bill’ shootout took place. There are markers denoting where all the participants were positioned during the shootout.

Where to Eat!

If you’ve saved lots of money from all those free destinations, maybe you have some spare change for some great local dining. Springfield has a lot of fast food options, but there are a few destinations that you absolutely need to stop for a bite!

Lambert’s Café (technically located in Ozark, Mo.)

Lambert’s is noted as the “Home of the Throwed Rolls.” Yes, the rolls were tossed to patrons! What makes this restaurant so iconic, though, isn’t just those infamous rolls. The menu is pure Southern Comfort. While this restaurant is not located in Springfield—Ozark is about a 20 minute drive—it’s a destination all its own. And Springfield residents know it well. You won’t leave hungry at Lambert’s; whether you order meat loaf, ribs, chicken and dumplings or anything else on the menu, the portions are substantial. And while you’re waiting for your food, the servers bring you more food! You can snack on fried okra or whatever else they’re dishing up on the side! While they offer dessert, too, good luck saving room!

Grad School

Want burgers and more with a little twist of fun? Well, then, it’s time to head to Grad School where you can order up burgers with names like The Codi Bra (the veggie burger!). There’s also the Pancho and Lefty section (a sweet little nod to Townes Van Zandt) that includes The Long Beach and Baja Burrito. Of course, there are other options, too. And prices are reasonable!

City Butcher & Barbecue

This restaurant came to Springfield in 2014 and the goal was about “bringing authentic Central Texas barbecue to the Ozarks.” You can order by the pound (for your own dinner at home) or grab something on the menu. Brisket, pork belly and turkey are a few of the options; again, prices are reasonable (a pulled pork sandwich is $6).

Pineapple Whip

Only open during warm months, pineapple whip will make you think of a certain sweet treat you can only score at certain theme parks. And you don’t have to just choose pineapple! Other flavors include Strawberry-Kiwi, Mango-Peach, Grape, Orange and Nana-Granate. This is the perfect dessert to channel the tropics in the Midwest!

Springfield, Missouri is the perfect mix of big city size and small town community. This city offers so many free entertainment options for families that it’s impossible to include everything. From multiple museums to outdoor historic sites, you’ll find something to do here. And if all the museums, parks and other landmarks have left you with a healthy appetite, there are many budget-friendly restaurants to satisfy your hunger…and your sweet tooth, too! Happy exploring!

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An Insider’s Guide to Anaheim, CA

Fri, 03 May 2019 23:53:00 GMT

While the biggest cities in California–Los Angeles, San Francisco and San Diego–boast the major name recognition and, of course, many hot spots, Anaheim is home to some of California’s most family-friendly destinations . Yes, L.A. is filled with the best boutiques, clubs and celeb-worthy sites, but Anaheim is home to what families want…including a certain mouse.

Visiting Anaheim requires thoughtful planning, though, because there are so many places to visit. Disneyland is a major draw, but this city also hosts the Angels baseball team and the Anaheim Ducks (aka ‘The Mighty Ducks!’). If you’re not into tours and theme parks, then head to Oak Canyon Nature Center and Hiking Trails for a day of exploration. While Anaheim is known for top tourist destination, this city also offers many unique gems for those looking to escape the insanity of the bigger cities.

Anaheim’s list of sites and attractions is so expansive that it’s impossible to cover everything, but here are the major hot spots that you should see on your visit.

Major Attractions

Disneyland

Orlando has Disney World—the Magic Kingdom, Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom. Anaheim, though, has the original mouse-centric destination: Disneyland. This family-friendly theme park offers all the favorite Disney rides like the tea cups, “It’s a Small World,” The Pirates of the Caribbean and The Haunted Mansion. Of course, you can cool off with mouse-ear shaped ice cream and be sure to take a family picture in front of Sleeping Beauty’s castle. Or take a few snapshots with your favorite Disney characters. Disneyland is sure fun for all the family, specially the little ones!

Disney California Adventure Park

For those who want a Disney feel with a little more adventure can head to Disney California Adventure Park. Like Disneyland, the Adventure Park is designed with different lands to explore. This park definitely has more exciting rides that appeal to teenagers, like the Incredicoaster. If looking for family fun, check out rides like Soarin’ Around the World and the Radiator Springs Racers. Head to the Sorcerer’s Workshop to learn more about the animation process or become an animator at Animation Academy.

Museums

Anaheim isn’t just all mouse! For those who want a unique cultural immersion, there are many museums and sites that are located not far from Anaheim. If you want to stay in the city limits, though, here’s are a few cultural sites in Anaheim.

Muzeo Museum and Cultural Center

The Muzeo offers many new and unique exhibits and events, but there are a few constant features at this small-sized, cozy museum. The Carnegie Library building is part of the Muzeo and so is the Anaheim Heritage Center. While some exhibits are free of charge, others require an admission fee. Visit the Muzeo’s website for ticket details and more information about current exhibits.

Anaheim Ballet

Take classes at the Ballet or buy tickets to see a performance. The Ballet offers ballet classes for all ages all year round, and you can try out programs if you are on vacation or just want to take a master class. If you’re a ballet enthusiast, this is the place for you! Check out the Anaheim Ballet’s schedule to find upcoming events and/or performances.

Outdoor Exploration

Museums and theme parks aren’t for everyone! Sports and outdoor enthusiasts can also find their vibe in Anaheim.

Los Angeles Angels

The team name may say Los Angeles, but the Angels play in Anaheim! The Angels roster includes World Series and home run slugger Albert Pujols. Of course, many know the Angels from the movie “Angels in the Outfield!” A visit to Anaheim should include an Angels game! Ticket prices vary .

Anaheim Ducks

This ice hockey team originated in a Disney movie , which, since it is the city of Anaheim, is apt. The Ducks’ season varies—depending on the playoff outcomes. However, if you’re in Anaheim during NHL season, then go see a game! You may get flashbacks to the hit Mighty Ducks movie though, and that’s part of this franchise’s legacy and charm. Ticket prices will vary !

Oak Canyon Nature Center and Hiking Trail

Ready to go off the beaten path? Head to Oak Canyon Nature Center and Hiking Trail and take on the wilderness. The City of Anaheim’s website states that this destination is great for both novice nature enthusiasts and avid hikers.

Yorba Regional Park Trail Head

This is a great park for families. Bike, hike or picnic. There is a lot to explore, and the park connects to the Santa Ana River Trail for those wishing to trek and explore beyond the park boundaries.

Deer Canyon Park Hiking Trail

This park encompasses more than 100 acres, and it’s a great place for hiking. The site Trails.com notes that the hiking difficulty is moderate and the total distance is less than three miles.

Anaheim Bites

If you’re hanging out at Disneyland all day, you’ll likely opt for Disney treats and dining. However, if you’re out and about in Anaheim, and you want to grab a bite, here are a few great options.

In-N-Out Burger

No one should come to California without a stop at In-N-Out Burger. Celebs love this fast-food joint, and, well, so does everyone. Yes, there’s even a secret menu, but you can find it online so it really isn’t such a secret. Whether you’re a carnivore, and herbivore or an omnivore, you can find something at In-N-Out!

The Pizza Press

Have your pizza however your palate pleases! The Pizza Press is only located in California, so plan a visit while you’re in Anaheim. Kids can order a smaller pizza crafted with two toppings of their choice, and The Pizza Press also offers customized salads!

Creme and Sugar

The professed: “home of the unicorn!” This dessert shop offers a Unicorn cake, shake and hot chocolate. Try all the rainbow sweetness! If you aren’t into everything unicorn, then opt for something else on the menu. Like the E.T. Shake (it’s chocolate and peanut butter!). The Mermaid Shake tastes like the tropics—pina colada!

While Anaheim isn’t quite as well-known by name as San Francisco, L.A. and San Diego, this is the city of Mickey and everyone’s favorite Disney characters! Of course, it’s also home to the Angels and the Ducks in the sporting world. But if MLB or NHL games aren’t your jam, and Disney isn’t on the budget, visit the Muzeo or see an Anaheim Ballet performance. And then head to one of the many parks in Anaheim to hike, bike or just chill out with the family. No matter where you go or what you do, though, you’ll find something magical in Anaheim—it is, after all, home to the sweetest unicorns!

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An Insider’s Guide to Glendale, AZ

Wed, 24 Apr 2019 23:44:00 GMT

Glendale, Arizona, is home to more than 200,000 residents, and is known for being the home city for the NFL team the Arizona Cardinals and a surrogate home to the Chicago White Sox and Los Angeles Dodgers (for Spring Training). However, this southwest city also boasts many cultural and entertainment amenities for tourists, travelers and, of course, the Glendale citizens!

So what are the must-see destinations in Glendale? Obviously, if you’re visiting during any sports season, you should buy tix to a game or two. But there are also many museums, parks and amazing sites that should be on the list for a Glendale trek.

Sports

State Farm Stadium (NFL)

The Arizona Cardinals play in an amazing stadium. What makes Glendale’s State Farm Stadium ideal for spectators is the retractable roof . If the weather is nice (which it is often) you may spot some stars or just bask in the balminess of the city. However, if rain is in the forecast, there won’t be a need for umbrellas or raincoats while enjoying the game.

Plan ahead and purchase tickets to a Cardinals game to enjoy Arizona’s home team. While the 2018-2019 season is over, you can try to purchase tickets for the 2019-2020 season! Ticket prices will vary .

Camelback Ranch (MLB)

Both the Chicago White Sox and the Los Angeles Dodgers hold Spring Training at Camelback Ranch. Fans of these teams—or visitors to Glendale—can purchase tickets online . Eat some nachos, grab a soft pretzel and watch the game! And don’t forget the Cracker Jacks.

Golf

Arizona weather is ideal for hitting the links. Glendale is home to many great golf courses, so don’t forget to pack your clubs! Tee up at Desert Mirage Golf Course, Glen Lakes Municipal Golf Course or The Legend at Arrowhead .

Gila River Arena (NHL)

This Glendale arena hosts the NHL hockey team: the Arizona Coyotes. If you’re in the mood to see some serious action on the ice, you’ll want to score tickets to see the Coyotes . Of course, Gila River Arena also hosts concerts and other events during the off-season. KISS, P!nk and Sean Mendes are currently on the schedule for 2019.

Museums and Venues

Arizona Doll & Toy Museum

This unique museum features exhibits of antique and vintage toys and dolls. Kids will love seeing all the treasured toys from years past and comparing them to their own favorite toys. The museum is closed on Sundays and Mondays. Tickets are $5 for adults, but kids gain admission for only $1.

Musical Instrument Museum

For families or individuals who are music enthusiasts, visit the Musical Instrument Museum. This museum features exhibits like the Mechanical Music Gallery (or “instruments that play themselves”), a STEM Gallery and Conservation Lab, which shows visitors how the instruments are cared for and preserved. There is much more to see at this museum, and visitors can’t miss a rockin’ exhibit titled “The Electric Guitar: Inventing an American Icon” (it runs through Sept. 15, 2019). General admission (a one-day pass) is $20, but children receive discounts depending on their age. Visitors also may purchase 2-day passes.

Glendale Police Museum

Support the Blue and visit the Glendale Police Museum. The museum highlights a century of memorabilia and showcases the history of the city’s police department. Admission is free of charge!

Parks & Gardens

Xeriscape Botanical Garden

Embrace the lush beauty of desert life. The Xeriscape Botanical Garden allows visitors to stroll through trails decorated with cacti and other native plants. Just don’t touch the plants!

Murphy Park

This is the city’s main park, and it is host to many downtown events. Pay a visit and stroll through the park. Or head to Murphy during one of the city’s big events!

Historic Sahuaro Ranch Park Area

According to the City of Glendale, this is one of the oldest ranches in the area. Visitors can take a tour of the buildings and stroll through the 17-acre property that also includes a rose garden and orchard. There is no charge for admission, check however opening dates.

Manistee Ranch

This is a historic home located in Glendale that sits on several acres of land. Visitors can explore the property and take a tour of the buildings. A date grove also is located on the ranch, and, according to Visit Glendale, this is a popular spot for meditation.

Elsie McCarthy Sensory Garden

Embrace four of your five senses at the Sensory Garden. See, smell, touch and hear the wonders of this unique garden for a unique sensory experience.

Heroes Regional Park

This is the ideal park for “bikes, boards, blades.” If you want extreme fun, this is the park. Heroes features “bowls, banks, transitions and street components” for the ultimate experience. And, yes, admission is free to all! Just be sure to bring your helmet and protective gear!

Where to Eat

After all the sites, sounds and sports of Glendale, you need to feed your appetite. Here are a few great restaurants to visit for a taste of this city:

Caramba Mexican Food

Classic Mexican fare like burritos, tacos, quesadillas and enchiladas. Prices are reasonable, and, if your kiddos are a little picky, there are plenty of options (like cheese quesadillas and classic beef tacos!).

Cuff

A little more upscale but not outlandish, Cuff offers a variety of entrees. Yes, even burgers. Brisket, macaroni and cheese, BBQ Pork Ribs and a list of vegan options make the menu a hit for almost anyone. The Cuff Burger is $13, which is about the average price for the menu.

Wienerschnitzel (fast food chain)

Looking for local fast food that’s good? If you don’t live in an area that offers Wienerschnitzel, this is one drive-thru you need to try. The menu is centered around hot dogs, of course! But you also can order burgers and other sandwiches. Since this is fast food, the price should be right for tight budgets. The chili dogs are my favorite.

Papa Ed’s Ice Cream

A restaurant list isn’t complete without dessert. Almost everyone loves ice cream, so stop by Papa Ed’s for a sweet frozen treat. The ice cream shop features a different unique flavor each month, so be sure to check out the newest addition. The regular menu features standards like Mint Chocolate Chip, Vanilla and Peanut Butter Cup. But for the more adventurous, try Cappuccino Splatter, Cranberry Orange Sorbet or Honey Lavender.

Glendale boasts numerous sites and entertainment options for visitors of all ages. Catch a football game, watch Spring Training or check out one of the many outdoor parks and gardens. This city also features numerous museums and historic sites. No matter where you visit in Glendale, be sure to check out one of the many local restaurants to quench your thirst and feed your appetite! Of course, if the weather is sweltering, don’t forget your sunscreen in this desert locale!

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Killer Commute? Here’s How to Stay Productive

Thu, 18 Apr 2019 21:56:00 GMT

Getting to work can feel like a job all on its own if you have a killer commute to tackle every day. Commuting on your own, carpooling, or using public transportation can get you where you need to go while draining away your energy for the upcoming day.

Commuting can be especially frustrating if you’re one of the workers facing travel times of an hour or more both ways every day.

Fortunately, you can snag your productivity back from the jaws of your commute. Check out these tips for staying productive during your commute so you can make it to work ready to seize the day.

Stay Focused and Protect Your Motivation

Driving on the same roads every day and battling traffic can drain away your energy, leaving you tired before you even get to work. Keeping your mind sharp can help ensure that you will be motivated to get through the workday by the time you arrive at your destination.

You can beat back the energy drain of commuting by:

Staying Mindful

You stay mindful by focusing on the present moment . Try to avoid letting yourself drift during a commute. Staying present might involve focusing on:

· Physical Sensations

· The Sounds of the Road

· The Sights Around You

Mindfulness can also make it easier for you to accept frustrating parts of your commute, like slow traffic or bad drivers.

Engaging Your Body

Exercising during your commute might not sound feasible, but there are small exercises you can do to stay energetic. You can do a side twist by slowly twisting your torso from side to side. You can also practice hand-squeezes. Some people even choose to walk or bike for part of their commute to stay active.

Focus on the Day Ahead

Commute time can give you a chance to plan out your upcoming day. Rehearse any speeches or presentations you need to make. You can list out your goals for what you want to accomplish at work and go over them. Take a moment to breathe deep while you’re planning out your accomplishments.

Increase Your Commute-Time Productivity

Some commuters spend an hour or more getting to and from work every day. You can reclaim this time and use it productively in several ways. Planning is the key to making your commute productive. Make sure you get the most out of your trip by:

· Making Sure All Your Devices Are Charged

· Packing Extra Battery Packs

· Gathering All Your Supplies

· Planning Tasks You Want to Accomplish

It’s important that you have a plan to guide your work, as this can keep you from getting distracted and disheartened on the road. Knowing what you plan to accomplish will help you stay focused and productive as you travel. Depending on your commute method, you might be able to use your travel time to:

Strategize Your Work

Commuting often doesn’t allow for a lot of hands-on work. But it does give you time to take a deep breath and think about your overarching goals at work. Taking time to come up with a strategy means you’ll arrive on the job ready to go out and seize the day.

Staying productive might involve a daily session of strategizing and reviewing your options. You can:

· Brainstorm Ideas

· Go Over Your To-Do List

· Explore New Ideas

Handle Catch Up Work

Do you have an inbox full of messages that need replies? You can knock out messages if you’re using public transportation or a ridesharing service for your commute. You can clear up these time-consuming tasks during your commute to free up work time for more in-depth activities.

Learn Something New

Podcasts, audiobooks, and online language learning options make it easy to broaden your mind during your commute. You can focus on information directly related to your job or branch out and explore new information.

Anyone can listen to something, which makes this a great option if you’re behind the wheel during your commute. You also have the options of bringing along newspapers, magazines, or books to read while someone else drives.

Record Your Thoughts and Ideas

Don’t forget to keep track of your moments of inspiration during your commute. If you aren’t behind the wheel, you can write down plans and strategies. If you are driving, you can use voice capture to speak your thoughts aloud and ensure they’re recorded.

Keeping track of the work you do on the road can help you stay motivated. You’ll then be able to see the direct benefits of your commute-time work.

Many of us don’t look forward to our daily commutes. Travel time can feel like a drain on your energy levels before you ever get to work. Fortunately, you can handle your killer commute by staying focused and productive.

Make sure you’re ready to take charge by turning your commute into a time to plan for the day, handle important tasks, and learn something new.

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An Insider’s Guide to Hilton Head SC

Mon, 15 Apr 2019 22:46:00 GMT

Hilton Head, S.C. is an island escape without the overseas flight. Located off the coast of South Carolina, Hilton Head mixes the charm of southern hospitality with the luxury of paradise. This island destination is popular with tourists who are looking for amazing beaches, great food and family entertainment and recreation. But, for couples, Hilton Head also is the ideal retreat for a honeymoon or just for a romantic escape.

More than 40,000 residents call Hilton Head home, and, while this population isn’t exactly super small town, it’s also not as busy as bigger cities like Charleston. Hilton Head isn’t lacking in excitement, and visitors will find that the island features a long list of activities, sites, sounds and tastes to stay busy for an extended vacation.

Of course, an island vacation means fun in the sun…and on the beach! Plan to spend time enjoying the sand, surf and beautiful weather. But when you want to venture out, here’s everything to do, see, eat and enjoy when visiting Hilton Head Island.

Outdoor Recreation

Temps range from the high 50s (in January) to the high 80s during summer; so no matter what time of year you visit, plan to spend some time enjoying the nice weather outdoors. Although, you probably won’t want to swim in the surf during winter…unless you bring a wetsuit!

See the Dolphins

Take a cruise to see the dolphins frolic in the ocean. Several companies offer dolphin cruises and there also are different cruise options! Prices, and cruises begin in March and run through November.

Water Sports

Outside Hilton Head offers many opportunities for families to get out and play in the water. Take the family water skiing (on calm waters), go kayaking, try surfing or take a serene fishing trip. Water sports are great opportunities for bonding and family fun! Prices vary per experience.

Visitors also can rent boats, kayaks, paddle boards and jet skis at Sea Monkeys Watersports . The company provides nature tours, too!

A View from Above

Looking for a unique vacation adventure? Take a helicopter tour to see the island from above. Thrill seekers can choose to take the tour with no doors on the helicopter! Take the family or make it a romantic journey; this is also an amazing way to pop the question! Prices vary per tour package.

Great Golfing!

Hilton Head Island is an ideal destination for golfers. So, if you’re looking for the links, there are many golf courses available for play on the island. With the selection of courses available, you can choose the public course that’s right for your style, price point and ability.

Beaches

No matter what time of the year you visit, you’ll want to stroll along one of the island’s many beaches. No trip to an island is complete without walking along the shore and watching a beautiful sunset…or sunrise. During the summer, play in the waves and enjoy the sun and sand. If you’re taking the kids, don’t forget to pack shovels and materials to make sand castles. But if you forgot those sand toys, just head to a local store to stock up.

Depending on where you book your stay, your hotel or resort may be located on a beachfront. However, if you’re not staying on the beach, there are many public beaches to explore on the island. According to Discover South Carolina , those staying at the Marriot Grande Ocean Resort can easily walk to Alder Lane Beach. Other public beaches include Coligny Beach, Burkes Beach, Driessen Beach Park, Fish Haul Creek Beach, Historic Mitchelville Freedom Park, and Islanders Beach Park. Choose the beach that’s closest to your vacation rental, B&B, hotel or resort!

Museums

You can’t stay outdoors all day; well, ok, you can, but there is way too much left to explore on Hilton Head! Whether you want to gaze upon fine art, play with hands-on exhibits or need a place to explore with the kids, be sure to pay a visit to these great museums and cultural venues.

The Sandbox

Don’t be afraid to get your hands dirty! The Sandbox encourages kids (and adults) to touch the exhibits and explore them thoroughly! Let kids use their imagination as they “shop” at the grocery store, work at a café, pretend to fly an airplane, help build a house and much, much more. Admission is $7 for kids and adults; seniors and military receive a discounted price.

The Coastal Discovery Museum

This is an outdoor experience for the whole family. Learn more about the rich history and natural beauty of Hilton Head and the importance of conservation and preservation. Hike and explore the vast property, including historic buildings. This site is free for all, but donations are accepted.

Hilton Head Symphony Orchestra

Credit Andrew Yee

If you’re on the island for romance, or if you want to add a cultural element for a family vacation, buy tickets to a symphony concert. The Hilton Head Symphony Orchestra holds concerts from January through May; ticket prices vary.

Hilton Head Island Art Festival

Memorial Day weekend is the time for the Hilton Head Island Art Festival. This is an outdoor festival exhibiting lots of amazing artwork, including jewelry and sculptures. Pets are welcome, if they are leashed and friendly.

Shopping

Of course, you need a souvenir to remember your trip. Or maybe you can’t resist any local shopping scene; you won’t be disappointed, as Hilton Head is home to many unique local boutiques. Explore downtown and hidden treasures tucked away throughout the area. You never know what you might find, from clothing to crafts and even amazing paintings. If you’re a thrift store aficionado, check out the thrifty stores on the island. There’s always room for a bargain!

Don’t Forget the Dog!

If you’ve brought your favorite fur baby along for the vacation, head to the dog park located in Chaplin Community Park . Yes, your dog can be let off the leash…but only if s/he isn’t aggressive. Dogs also are allowed on beaches during certain times; however, owners should always clean up after pets. Be respectful! For all the beach rules concerning pets, visit HiltonHeadIsland.org.

A Taste of Hilton Head

When all the island life leaves you hungry, Hilton Head has you covered. There are many restaurant options on the island, and there’s something for every budget and taste bud. Check out these local dining spots:

A Lowcountry Backyard Restaurant

This restaurant was highlighted on the Travel Channel show Food Paradise! Dine on Potato Chip Meatloaf, burgers and other favorites. Or try house favorites like Shrimp & Grits or Seafood Purloo! There’s also a kid’s menu for younger diners. So how much will you drop? A burger is $11.95, Seafood Purloo is $23.95 and kids’ meals range from under $5 to $7.95.

Palmetto Bay Sunrise Cafe

You can order breakfast anytime! Choose from different types of Eggs Benedict, including the Crab Cake. Or order up a breakfast burrito or one of the many other classic breakfast favorites. Since you’re in Hilton Head, though, there is, of course, a Shrimp Hash on the menu! Not feeling the breakfast menu? Opt for a sandwich, a salad, soup or a heavier entrée (yes, there’s even a New York strip steak!). Breakfast dishes start at around $3.99 (for a half-order of biscuits and gravy); the most expensive entrée is $14.99.

Fat Baby’s Pizza & Subs

Looking for a place that offers just about everything? Head to Fat Baby’s to grab pizza, subs, pasta, calzones, burgers, hot dogs and even wraps! No one will leave hungry, and even the pickiest eaters should find something they like on the menu.

Hilton Head Ice Cream

Need dessert and something to cool you off? Hilton Head Ice Cream offers tons of flavors and bakery treats too! Feeling spicy? Try the Chocolate Cayenne! Or opt for something a little more traditional like Mint Chip. Don’t be surprised if kids are drawn to the Birthday Cake flavor! If you’re looking for an ice cream alternative, try the sorbet.

Sweet Carolina Cupcakes

Who can resist a cupcake? The menu might change with the season, but you’ll always find a cupcake flavor you can’t resist at Sweet Carolina Cupcakes. So what’s on the winter menu? Wedding Cake, Snickerdoodle, Carrot Cake, Peanut Butter Cup and more. Specialty flavors rotate through the week, but flavors like Classic Chocolate, Classic Vanilla, Red Velvet and Sweet Carolina are offered every day.

Duck Donuts

It seems like every town has its own donut shop. Duck Donuts bakes up classic favorites like Cinnamon Sugar, but it’s the iced donut selection that will leave you stumped about what to order. You can indulge in flavors like Chocolate Icing with Toffee Crunch & Marshmallow Drizzle, Peanut Butter Icing with Toffee Crunch & Hot Fudge Drizzle, Chocolate Icing with Toffee Crunch and many more. Good luck choosing…or just order a dozen and leave extra happy!

Hilton Head Island is a perfect island destination that won’t necessarily require you buy pricey plane tickets. If you live in a nearby state or if you’re ready to take a major road trip, Hilton Head may be the best bet for an island getaway for the whole family. Of course, Hilton Head also is a romantic choice for honeymooners or those just needing a romantic getaway. Head to the beaches, take a dolphin cruise or fly overhead via helicopter and see all this island has to offer. When you’ve hit the beach—and the surf—too hard, escape to a museum, a quaint boutique or just grab some dinner at one of the many restaurants on the island. No matter how long you stay, there is always something to do and see in Hilton Head!

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License to Drive – A Parent’s Survival Guide to New Teen Drivers

Wed, 03 Apr 2019 00:22:00 GMT

Fifteen is typically the age when teens take their written test in hopes of qualifying for their driving learner’s permit. For a year, many will practice driving around town, on highways and in parking lots to master the skills needed for that much-coveted license to drive. While teens see the driving privilege and the age of 16 as a rite of passage and a path to independence, parents tend to face the milestone age with more apprehension.

The driving statistics for teenage drivers illustrate just why parents worry when kids take the driver’s seat. According to DoSomething.org , new drivers (age 16) are the most prone to accidents. Even more unsettling? More than half of teen drivers talk on the cell phone when they are behind the wheel. And it’s distracted driving that has become one of the leading causes of deaths on the road. In fact, in 2016, more than 3,000 people died because a driver was distracted.

Parents can help teach new teen drivers how to be smarter (and safer!) behind the wheel by educating them about defensive driving techniques and good driving habits. While teens learn the basic rules of the road from state driving manuals, there are many other skills and engrained routines that will help keep teens safe on the road.

Driving Schools

Parents are often a teen’s first driving instructor. However, some teens need a little more professional guidance and a driving school or professional driving lessons could be the ideal option. Some schools, though, can be costly. However, one of the more inexpensive options can often be found at your teen’s school. Many high schools offer driver’s education courses that teach kids the basics of driving and the rules of the road. Fees for driver’s ed classes vary per school, though.

Non-profit organizations also may offer driving courses. Look for non-profits that are focused on teen safety or distracted driving awareness. Some organizations— like Doug Herbert’s B.R.A.K.E.S. —offer free courses but require that parents put down a refundable deposit. Online classes may be less expensive, although they won’t provide on-the-road instruction.

Budgeting for Driving Schools

Some areas might not have access to low-cost schools or programs, but parents may still want their teen to have professional driving instruction. Budgeting for expensive driving schools might mean cutting out fast food or entertainment expenses. Parents also can encourage teens to help earn money to pay for lessons. Teens may be able to mow lawns, babysit or take on another part-time job to earn the extra cash for driving school.

Safe Cars for New Drivers

The car that your teen drives also may help keep them safe on the road. While many parents might not have the budget for a new car for their new driver, they can investigate used automobiles. And some models might be better suited to less experienced drivers.

So what size car is ideal for new drivers? Larger automobiles are considered safer options , although mid-sized cars and SUVs might be a better option for maneuvering into tight spots.

Cars that accelerate to high speeds can be a dangerous—and potentially deadly—temptation. The IIHS-HLDI advises parents to avoid allowing teens to have access to cars that boast high horsepower. Also, before teens secure the keys to any vehicle (even the family automobile), be sure that the car is up-to-speed on safety: lights should be in working order, fluids should be topped off, brake pads should be checked, etc.

Parents also need to decide on automatic or manual transmission options. Obviously, if a teen learned to drive on a manual transmission, then either option should be just fine. But learning a manual transmission takes some time, and some people NEVER catch on. So be sure that your teen is secure with the stick shift before sending them on their way. Otherwise, opt for an automatic!

Insurance Issues

Once teens earn their license, they also need to secure insurance. Insurance for new drivers can be incredibly expensive. If parents can’t afford the premium increase, then teens need to find a way to help pay for their coverage. To ensure that you get the best deal on auto insurance, shop around and review all the quotes and coverage options. Some companies may offer discounts for good grades. Never, ever, let your new driver on the road without insurance coverage!

Discuss Distracted Driving & Establish Guidelines

Distracted driving is dangerous, but it could also be lethal. Parents should discuss safe driving expectations with teens and establish guidelines for road privileges. Some parents create driving contracts that outline all the rules and responsibilities that are required for driving alone.

Cell Phone Use

Teach teens that using a cell phone while driving is dangerous. Distracted driving laws vary across the country, and a violation could lead to a fine. However, some states have extremely stringent guidelines about distracted driving, so it is very important that parents (and young drivers) understand the laws and the penalties in their state.

So how can parents set cell phone limits? Some phones can be disabled while a teen is driving…although they remain functional for emergency calls. Proactive conversations also are important, so teens understand boundaries and expectations.

Other Distractions

Cell phones aren’t the only distractions while driving. Adjusting the thermostat, changing a radio station, eating and talking to friends can also take attention from safe driving. Parents may want to limit the number of friends in the car (or even prohibit teen passengers), and parents should teach drivers when is the safest time to adjust in the car (turning the station, etc.).

Drugs & Alcohol

Teens need to understand that it is never OK to drive impaired or under the influence in any way, and they should know to NEVER get in the car with anyone who has used drugs or alcohol. However, while the legal drinking age is 21, drinking and driving among teens remains problematic. The National Highway Traffic Safety Administration notes that “in 2016, almost one out of five teen drivers involved in fatal crashes had been drinking.” Every year, thousands of people lose their lives because of drunk or impaired drivers. In fact, every year drinking and driving kills more than 10,000 individuals .

Nighttime Driving & Other Limitations

Parents of new drivers also may want to discuss time limitations for driving privileges. Some parents are not comfortable with allowing teens to drive at night or during bad weather. Teens should have boundaries as to when they can drive solo and what time periods are off limits.

However, at some point, teens need to understand how to navigate during dusk or darker periods and how to maneuver in bad weather. To help teens grasp the fundamentals of driving in bad weather, parents can help them practice in open areas like empty parking lots or streets with minimal traffic. Parking lots are ideal for helping teens navigate snow and learn how to brake properly during bad weather conditions.

Rewards for Safe Drivers

In the beginning, the rules for new drivers may be expansive. As teens exhibit more responsibility and show that they can be trusted to make smart driving decisions, parents may want to loosen the reins a bit. Eventually, all teen drivers will become adults who will make their own decisions—good and bad.

Set driving goals for new drivers that allow them to earn more driving privileges. For example, a year without accidents or a ticket can lead to more freedom on the road (in safe ways, of course). Parents should set their own goals and reward systems for newly-licensed teens. However, parents need to keep in mind that absolute independence is the eventual result once a teen becomes a legal adult.

When Teens Become Dangerous Drivers

Some new drivers might prove to be reckless on the road. Maybe they’ve had an accident, or the tickets are piling up. Parents of teens who exhibit poor driving choices and dangerous habits should evaluate the situation. While the situation may warrant driving school, it also may mean that the driver isn’t yet ready for the driving privilege. Parents need to be prepared to set penalties for poor choices. When creating the rules for driving, consequences for breaking those rules need to be very clear. Some parents may take away the keys. Others may create driving curfews. When you set consequences, follow through!

Fun Fact: Did you know LoanCenter offers auto loans and even offers a variety of cars you can browse online ?

Driving is a privilege, not a right. And when teens turn 16 and earn their driver’s license, parents should be prepared to set rules and boundaries to ensure safety. Distracted driving and impaired driving can be lethal. It’s up to parents to educate teens about driving safety that goes beyond the basic rules of the road (like speeding!). Some parents may wish to create a driving contract that outlines all the details for driving privileges. However, the contract also should include rewards for safe and smart driving as well as consequences for those who don’t follow the guidelines of the driving contract. The goal for parents is to turn new drivers into safe and experienced drivers who don’t just understand driving laws but who also know how to engage in defensive driving habits. Because street smarts can be the difference between life and death on the road.

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Here are the Secrets to Getting the Best Deal from a Car Salesman

Wed, 20 Mar 2019 16:41:00 GMT

The words “car shopping” can be enough to strike despair into the heart of anyone. Most of us picture several unpleasant scenarios when we consider car shopping: sitting in a waiting room, haggling for a fair price, and driving off unsure if you got a good deal.

Fortunately, you don’t have to go into the car buying process unprepared. There are tactics that can work to make purchasing a car easier and less stressful on your wallet. Here are a few secrets to get the best deal from a car salesman.

Success Begins with Preparation

You can just walk into a car dealership, pick out a vehicle you like, and sit down at buy it. But have a lack of strategy can end up costing you a lot of money. The real secret to getting the best deal on a new vehicle often begins with some preparation at home. Before you head to the dealership, you should:

Research the Vehicles You Want

The internet makes it easy to get a lot of information about the vehicles you might be interested in purchasing. Narrow down vehicles at home, focusing on the features you want and your price range. Some drivers also focus on the color they want. Note that the color of your vehicle can make re-selling later easier , so you might want to consider picking a perennially popular color like silver, white, or black.

You can use sites like U.S.News to learn about what the vehicles you are interested in should cost. Understanding what a fair price would require you to learn a bit about the different prices used in the world of car sales, including:

· The MSRP (Manufacturer’s Suggested Retail Price) . The MSRP is often the sticker price on a vehicle. This represents what the dealership would like you to pay. You should aim to pay below the MSRP.

· The Invoice Cost . You can think of invoice cost as the amount of money a manufacturer would like a dealership to pay to purchase a vehicle. This number is often above what a dealership pays for a vehicle.

So, if both the MSRP and the invoice cost do not reflect hard and fast costs in the car buying world, what can they tell you? These prices give car buyers a place to start. Car buyers that know roughly what they can be expected to pay will have an easier time avoiding dealership schemes. Print off the information you find to back you up when you visit the dealership.

Research the Value of Your Current Vehicle

The majority of car buyers already have a vehicle that they are planning to sell or trade-in alongside their new purchase. It is very important that you research your current vehicle’s value before you begin the car buying process. Do not trust the dealership to give you a fair price out of the kindness of their hearts.

Sites like Kelley Blue Book can provide you with a rough estimate of what you might receive if you sell your old vehicle or trade it in. If you’re interested in online sales, you can even check auction sites like eBay Motors to see what vehicles like yours are going for.

You may also decide that you would rather sell your old vehicle on your own, without involving the dealership. You can often get more money for your vehicle by selling it privately. You can then use the money from the sale for whatever you want, including a down payment on a new vehicle.

Some people are not looking to get rid of their current vehicle at all. After all, maybe your family is growing and you need a new vehicle. You might be able to get the money for a down payment on a new vehicle by taking out a loan with your bank, the dealership, or with a car title loan .

Research Pre-Approved Car Loans

Car dealerships can make a lot of money by financing your vehicle. The interest payments you make on your vehicle add up and can fill the coffers at your dealership. Fortunately, you do not have to just accept a dealership financing deal .

New car buyers can secure pre-approved car loans before they ever head to the dealership. If you aren’t sure where you can go for a car loan, you can check out the rates you can right here on LoanCenter. Visit our auto loan page , and you can find how much you qualify for and even check out an online inventory of vehicles.

Research Any Special Deals

Sometimes, car dealerships run special deals to move vehicles that might be:

· Ending Their Product Cycle

· Not Selling as Expected

Some of these deals are heavily advertised, but others are not. You can check dealership websites to see if any specials are going on that might apply to the vehicle you are interested in buying.

You’re Ready to Visit the Dealership

Alright, so you’re armed with information about the vehicle you want, your old car, your financing options, and any relevant deals. That means it is time to visit a car dealership. Note that many people are buying cars online , which is a great way to get a vehicle. However, it is still recommended that you visit a dealership, at least to test drive the car that interests you.

Keep these tips in mind while at the dealership:

Remember to Shop Around

Many of us live within driving distance of several dealerships. However, there are only so many hours in the day. You do not have to physically visit each dealership that offers the vehicles you are interested in. Instead, you might contact a sales manager by phone or over the internet to discuss price quotes.

Car sales is a free market, which means you are allowed and encouraged to work to get the best price. Let other dealerships know if you are offered a better price elsewhere; they might match the price, or even underbid the other dealer.

The secret to getting the best deal is often printing out all the information you found about:

· Prices Offered at Other Dealers

· Sales

· The Trade in Value for Your Vehicle

Bring this physical proof with you when you go to the dealership, so you can’t be pushed around or fed misinformation by salespeople. Don’t be afraid to walk away from a deal that doesn’t make sense for your budget.

Pick the Right Time

There are many sayings regarding the best time to buy a car. Some people say to go at the end of the day, others at the end of the month, or at the end of the year.

It turns out that there is a grain of truth in some of this accepted knowledge. Most car dealerships have sales goals that they expect to meet. Unfortunately, it can be hard for a car buyer to know when these sales goals will come due. Many dealerships set goals on a quarterly or yearly basis, but each dealership is operated differently.

Note that there are some days of the week that are better for car shopping than others. Dealerships are generally very busy on the weekends. This means that salespeople might not offer you much attention if they don’t think you’ll be a pushover. You can expect more time and attention if you visit a dealership during the week.

Always Stay Professional (Not Emotional)

Buying a car is a big decision that can impact your life for years to come. Most of us drive our vehicles every day, and it’s easy to get attached to the idea of the ‘perfect vehicle.’ The truth is, dealers are counting on you to get emotionally tied to your vehicle, so they can push you around on price.

Staying detached from your purchase can save you money in the long run. You’ll negotiate better with a clearer head, and sales people are more likely to treat you fairly if you are polite and pleasant. Becoming aggressive or mean-spirited will often work against you.

As with any other purchase, you also need to remain willing to walk if you aren’t getting a fair deal, or if you think the dealership is wasting your time to wear you down. Don’t be afraid to politely leave, letting the salesperson know that they can reach you if they find a way to get the vehicle into an acceptable price range.

Learn What to Expect in a Negotiation

Buying a car is often stressful because most of us do not negotiate the prices for other items we buy in our life. Most products or services have set prices and you’d be laughed out of the store if you tried to haggle them down. This means that negotiating is a skill most of us don’t get to practice, except when the time comes to buy a car.

With that in mind, keep these tips in mind as you plan to negotiate for your vehicle:

Don’t Show Your Hand

Buying a car isn’t quite a gamble, but it can feel like one. Make sure that you are careful about the information you share with a salesperson. Once you state your lower limit for a price, you won’t be able to walk that information back.

Focus instead on getting information from the salesperson. Find out what they want you to pay for the vehicle, so you have an upper limit to work with, and then focus on getting the price down. You can do this by:

· Making Your Offer

· Backing Up Your Offer with the Information You Brought Along

· Waiting

Sitting can be uncomfortable, but let the salesperson lead the conversation to stay in a strong position for your negotiation.

Understand Dealership Strategies

Be aware that some dealerships will attempt to frustrate you into accepting a deal by making you wait for long periods of time. Do not be afraid to politely inform the salesperson that you will have to leave if they do not currently have time to help you.

Salespeople may also try to guilt you into purchasing a vehicle at a price that isn’t right. Don’t buy it if a salesperson complains about the time they spent talking to your or going on a test drive. They are only doing their job, after all.

Do Your Own Math

Most of us carry our phones everywhere, and most phones come with calculators these days. Salespeople can throw around figures and calculations that sound better than they are. Do the math yourself to make sure you aren’t taken in by a lot of numbers and figures.

Stay Strong Until the End

You haven’t successfully purchased a car until after all the paperwork is signed. This means that you will likely also have to negotiate when it comes to financing. Fortunately, you should have the research you did on pre-approved car loans to give you a leg up when it comes down to focusing on financing.

Dealing with Add-Ons

Note that car salespeople may also try to convince you to accept a bunch of extras and add-ons after settling on a vehicle. Most of these add-ons are simply not worth it, and they end up increasing your total price. You can always add on these extras later, if you really want, so don’t let a salesperson push you into adding them in the financing office.

Check the Fine Print

Buying a car means signing a lot of documents. You’ve made it this far. Take the time to carefully read all the papers put in front of you. Don’t ignore mistakes in the price or any other term included in the document.

And that’s it! You can summarize these tips and secrets together by:

· Researching the Vehicle You Want, Your Trade-In, and Car Loans Before You Go

· Shopping Around and Picking the Right Time

· Staying Professional and Unemotional

· Focusing on Your Negotiation Strategy

These steps can help you get the best deal from a car salesman, so you’re ready to drive home with the perfect new vehicle.

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I Really Needed a Big Tax Refund This Year…But I Didn’t Get It. Now What

Thu, 14 Feb 2019 00:35:00 GMT

For many families and individuals, filing a tax return leads to a refund. For others, though, that year-end return means writing a check instead of receiving money back. No tax filer should ever bank on a refund, but unfortunately, underpayments are a reality.

Adding insult to tax injury is the fact that January and February often usher in bills from holiday spending. The time has come for families to pay the credit card debt that accumulated to ensure a happy holiday season. According to Nerdwallet’s 2018 Holiday Shopping Report, pulling out the plastic was the planned payment method of choice for 73 percent of consumers. Most of these consumers weren’t naive about how long it would take to pay off those charges, either. Nerdwallet’s report noted that, per the respondents’ estimations, clearing off holiday debt would take some time—more than three months, in fact.

When money is tight, an infusion of extra funds from a tax refund may often be a family’s beacon of hope to ease their debt. According to a survey from GoBankingRates, 27 percent of respondents have earmarked their future (or hopeful!) refund for debt reduction .

What happens, though, when you expect a refund but receive a tax bill instead?

If you were expecting a big tax refund to pay off holiday debts or other unexpected expenses, having to make another payment can be a devastating blow to your finances. Even if you don’t get a tax bill, a smaller refund than expected can still pack a punch. Holiday bills are looming overhead, and credit card companies are expecting their payments.

Now is the time to look into other financing options.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (or HELOC) is a loan that uses the equity of your home as collateral. So what is equity? The equity of your home is the difference between the outstanding loan principal and the appraised value of your home (basically, what you can sell it for on the market). Equity value can change over time and with the flux of the market. Paying down your mortgage principal can help increase equity, and the state of the real estate market can affect it, too (for better or worse).

Home values depend on many factors, and each real estate market may be different. However, if you’re interested in pursuing a HELOC, you need to talk to your bank or lending institution. Some homeowners apply for a HELOC with their current mortgage lender; others use a different bank or lender. Your credit score may affect the terms of your loan and the interest rate you can secure. Your loan also is based upon the equity limitations, so don’t expect an unlimited line of credit.

When you take out a HELOC, you are borrowing against the equity in your home, which could impact your finances if you need to sell your home in the near future. If you max out the equity in your home, selling could get complicated. So before you sign on the dotted line, make sure you understand the terms of your HELOC. This includes interest rates, any loan constraints, and the credit limit tied to your equity. Talk to your lender if you have any questions or concerns.

Payday Loans

Taking an advance on a future paycheck also can be a way to access money now. Payday loans allow consumers to receive money before their next payday by using the upcoming paycheck as collateral. Payday loans typically include a fee for the advance and the full amount is then owed when the paycheck is received.

There may be borrowing thresholds that limit the minimum or maximum borrowing amounts. Guidelines for these loans also may vary by state. Understand all the fees associated with these loans as well as repayment expectations. Payday loans are meant to be a short-term solution; be sure to talk to the lender if you have any questions about these loans.

Title Loans

The equity in your car also may help secure emergency money. Title loans use the value of an automobile as collateral for the loan. Like payday loans, they are meant to be short-term solutions. While interest rates vary, they are typically higher than traditional loans. Individuals with poor credit may qualify for a title loan, but the interest rate may be even higher because of the credit risk.

There may be limitations on the minimum and maximum loan amounts. These amounts may be guided by state regulations and/or the lender. Recreation vehicles (RVs) and motorcycles also may be used for these loans, but, again, the loan value may be capped.

Loan amounts also are limited to the equity or resale value of an automobile. And there are many factors that affect the value of a car, truck, van or SUV. Age, condition, make/model, and mileage all can increase or lower the value. The title of the automobile also has to be ‘clean.’ A salvage title cannot be used for a title loan.

Always review the terms and conditions of your loan so you understand the APR and payment expectations. Again, title loans are meant to be short term solutions to a financial need. Those who already have a title loan but may be struggling to make payments because of high interest rates also can investigate refinancing the loan. Better terms may lead to lower payments.

Tax Return Loans

If a tax return shows a refund, you may be able to take an advance loan against that refund. H&R Block offers these loans . According to the H&R Block web site, there is a zero percent APR for these loans. And once your refund is received, the amount of your loan is deducted from your refund. They can also be taken via Refund Transfer (although H&R Block notes that this choice is optional). Consumers may choose how much of an advance they need; amounts range from $500 to $3000. However, be aware that not everyone may qualify for these loans.

This type of loan may be an ideal solution for those who are expecting a refund but cannot wait for the IRS to process their return (and deposit the refund). And H&R Block isn’t the only option; according to the Detroit Free Press , TaxSlayer, Liberty Tax, and Jackson Hewitt offer similar loans.

While many families are hoping for a massive refund this tax season, not all filers will get good news on their return. For those who aren’t getting a large refund, there are options when finances are tight and holiday bills are busting the budget. A HELOC, payday loan, title loan or refund advance may be an option to help pay for unexpected expenses and/or credit card bills from holiday spending. Before you sign on the dotted line with any lender, though, be sure you understand all the loan terms including your annual percentage rate and repayment expectations. A loan should not add to your financial stress or drag you into deeper debt.

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What’s Actually Under the Hood of Your Car

Tue, 05 Feb 2019 21:00:00 GMT

Ever have a check-engine light come on and weren’t sure what was happening under your hood? Here’s a handy guide for the most common car-parts you may find under your hood.

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An Insider’s Guide to Huntington Beach, CA

Mon, 28 Jan 2019 20:34:00 GMT

Huntington Beach might just be the perfect beach town. While the California city offers many options for recreation, culture and delectable dishes, it’s also low-key enough to be an under-the-radar tourist delight. Those in the know understand that Huntington Beach is a dream destination that’s more relaxed than the craziness of larger coastal cities like Los Angeles and San Francisco but also offers plenty of must-see hot spots.

More than 200,000 live within the city limits of Huntington Beach, and this city is in no way a small town. But the laid-back vibe of the coastal lifestyle keeps this beach town chill, relaxed and the ideal destination for those seeking refuge from larger tourist locales.

So, what is the inside scoop on Huntington Beach? Here’s everything you need to see, do and eat when you’re heading to Huntington Beach.

Museums & Landmarks

International Surfing Museum

Huntington Beach’s moniker is Surf City USA, so, of course, this city has a museum paying homage to this sport. See exhibits like Surf2Skate or check out concerts during Surfin’ Sundays. The museum is extremely budget-friendly; visit for just $3!

Newland House Museum

The Newland House is the oldest in Huntington Beach! Learn about the Newland family and tour this expansive home, including the unique tower room, the sleeping porch where several of the girls slept (there are seven Newland sisters!) and more. The tour costs $2 for adults and only $1 for kids.

Surfing Walk of Fame

L.A. has the Hollywood Walk of Fame, but Surf City has the Surfing Walk of Fame! Located on Main Street, you can see the stars who owned the waves. Take a snap of your favorite star. Of course, it’s always free to stroll along the walk of fame.

Huntington Beach Art Center

The gallery is open Tuesday through Sunday. However, check out the Art Center’s web site for upcoming shows, exhibits and events. An art camp is offered during the summer for kids (6 to 12). Those interested in learning more about their own artistic talents can take a class from a professional artist.

Duke Kahanamoku Statue

Duke Kahanamoku isn’t just the ultimate surf legend, he is noted as the “father of modern surfing .” Visit his statue, which sits outside Huntington Surf & Sport.

Car Shows

Surf City is big on car shows. So, if you’re visiting, you need to see the cars that make this city unique. Shows are held throughout the year, so, chances are, there will be something to see whenever you visit.

Concours d’Elegance

This car show features classic cars and motorcycles. The show is held in early June and admission is $10 a person per day, but discount admissions are available if you buy 2-day passes. Children under the age of 16 are free.

Huntington Beachcruisers

According to the website, this event “is open to all “Beachcruisin” vehicles manufactured through 1967. If you hauled your board, buddies, or babe to the beach in it, it’s a beachcruiser.” Proceeds from the event help the community and are also used to benefit the National Woodie Club Scholarship Fund. The best part? Spectators pay no admission price!

Surf City Veteran’s Day Car Show

Check out lots of classic cars, cool motorcycles and more. There is no fee to watch the show, but exhibitors must pay to register their vehicle. Proceeds help benefit non-profit organizations. This show is incredibly popular, so plan in advance!

Learn to Surf!

The surf culture in Huntington Beach is part of its charm. So if you’re interested in hanging out here for a day, a weekend or beyond, you might just want to learn how to conquer the waves. So where do you go for the best lessons? Surf City is ripe with surf schools and experienced surfers willing to teach newcomers a thing or two. You’ll need a board and a sense of adventure, though!

Banzai Surf School

This is just one of many local surf schools in Huntington Beach, and lessons can get pricey. A two-hour private lesson is priced at $159 and up. But if you go in a group, you can cut that rate to under $80! For additional classes, lessons and pricing, visit Banzai Surf School online.

Corky Carroll’s Surf School

This surf school offers private lessons, surf camps and more. Rates for private lessons (two hours) are around $130 per person. Again, though, if you go as a group, you can cut the cost. You also can opt for a quick one-hour session (during the summer season) if you just want to get a quick primer. Additional classes and pricing info is available online.

HB Surf School

Private lessons, youth lessons, summer camps and more, HB Surf School offers a variety of instruction levels. Private sessions are 90 minutes and priced at $145, but, again, the cost goes down with more participants (so make it a group activity!). Lessons for younger surfing enthusiasts are $200 but include four classes. For other classes and lesson options (and pricing!), check out the school’s website.

Caliblu

Caliblue offers one-on-one lessons, group sessions and more. Choose the option that fits your needs and your budget. There’s even daily beach yoga! Want multiple lessons? Buy a package!

There are many more surfing schools and options for surf lessons available in Huntington Beach, because this is Surf City USA. Research the schools and instructors that best fit your needs and personality. Then get out there and hit the waves!

Surf & Turf

Hitting the waves is hard work and helps work up an appetite. In Huntington Beach, you’re going to want to hit the best local hot spots for great grub, drinks and decadent desserts. Luckily, Surf City is home to many, many great restaurants. And, yes, many of them are located right on the beach!

BLK Earth Sea Spirits

Lobster Mac and Cheese? Yes, please! BLK mixes up the best from the sea and land for a vast menu of yumminess! Want a burger? Choose one filled with bleu cheese…or mac and cheese! Steak is also on the menu…and ribs, too (with a side of mac!). Looking for a taste of the sea? Choose lobster, the fish of the day, salmon, sea bass and more.

Ola Mexican Kitchen

Looking for something spicy? Head to Ola Mexican Kitchen and dine on tacos, enchiladas, fajitas, burritos and other traditional Mexican fare. Interested in something from the sea? Opt for fish tacos or a fish burrito. Or a lobster taco!

Simmzy’s

This restaurant has multiple California locations and offers traditional pub fare. Burgers, fish tacos and chicken sandwiches are just a few classics you’ll find on the menu. Kids can dine on chicken tenders, burgers or grilled cheese.

Sugar Shack Café

While BLK and Ola are on the pricier side of the budget, Sugar Shack won’t put a major dent in the wallet. Serving up breakfast and lunch, Sugar Shack Café has been feeding Huntington Beach for more than 50 years. The menu features breakfast burritos, omelets and classic egg and meat combos as well as burgers, sandwiches and salads, too. Want something on the sweet side? Order French toast or pancakes.

The Donuttery

For breakfast or just for a sweet treat, head to The Donuttery for the ultimate menu in donuts. Classic donuts like cake (lots of different varieties!), Long John’s and jelly fill the menu. But PB&J, Salted Caramel, Strawberry Nutella and other unique flavors add to the choices. This sweet bakery also is vegan friendly and features an extensive menu of vegan sweets (including a many tasty donut flavors)! You also can grab savory breakfast classics and order up lunch, too.

The Ice Cream Way

When it’s hot, cool off with ice cream! The Ice Cream Way offers vegan-friendly, dairy-free, gluten free and sugar free options! At the Ice Cream Way, you actually create your own unique flavor. Add candies and other toppings (or mix-ins) to kick up the sweetness or add a little savory. A small size is $5.95 and the regular is $7.95.

Huntington Beach is a surfing hotspot, but this beach city also features many unique attractions that make it a must-see when vacationing on the West Coast. Visit the International Surfing Museum, stroll along the Surfing Walk of Fame and check out one of the many car shows held in Huntington Beach. Of course, Surf City USA also lures visitors with its waves; if you’re hanging out by the beach, take a surfing lesson! Many surf schools in Huntington Beach offer private or group lessons to help you master the board and the waves. Once you’ve exhausted the sights and conquered the surf, head to a beach-side restaurant to enjoy the local flavors. Surf City isn’t short on surf and turf options; if you love seafood, indulge in the local catch of the day. For the sweet side of Huntington Beach, pay a visit to The Donuttery or create your own personalized cup of ice cream at The Ice Cream Way. There are so many other unique sites and tastes to experience in Huntington Beach, so take your time, chill out and enjoy all the city has to offer.

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Kid Superfoods: How to Improve Your Family’s Diet in The New Year

Wed, 23 Jan 2019 18:57:00 GMT

Finding meals and snacks that kids want to eat isn’t always the easiest endeavor. Most kids have their list of favorite foods, and the standard kid-friendly cuisine typically features not-so-healthy choices like hot dogs, pizza, chicken nuggets and macaroni and cheese.

Nutritious foods like lean meats, fruits, veggies, whole grains and dairy are important to help keep bodies strong and healthy. According to HealthyChildren.org , children should eat two or three servings each day of both fruits and vegetables, aim for between a whopping six to 11 grain servings each day and include two to three servings of dairy and meats too! But how many parents are following these recommendations? And just how many kids are getting the nutrition they need every single day? According to Health.gov’s Dietary Guidelines 2015-2020 , “about three-fourths of the population has an eating pattern that is low in vegetables, fruits, dairy, and oils.”

For parents that want to encourage their children to eat healthier as the New Year rolls in, little changes can make a big difference for picky palates. This year, help your children hit all their daily recommended dietary needs by filling their plates with nutrient rich foods to fuel their growth and please their taste buds. Integrate these superfoods into your daily menus to pack a punch of vitamins and minerals that kids need to stay strong and feel their best.

Blueberries

Blueberries are a fun food choice, because their small size and soft texture are easy for little hands to grasp. They’re also super healthy and are a good source of vitamin C. Be warned, though, small berries aren’t appropriate for babies and toddlers as they pose a choking hazard.

Some berries can be tart, and the pucker power might keep kids from loving the taste. But making blueberries a favorite requires serving them up the right way. Turn these berries into a sweet snack with these fun hacks:

Yogurt for Dipping

Serve blueberries with a small cup of yogurt for dipping to sweeten the tartness. When choosing yogurt, opt for brands without added sugar or artificial sweeteners. Many dairies even make yogurts formulated for toddlers.

Cheese, Please

Cream cheese also may be used as a dip alternative. You can spread cream cheese on whole wheat crackers and add berries on top. Whole grains, dairy and fruit…three out of four groups accomplished!

Peanut Butter Boats

If your child has a peanut or tree nut allergy, then choose sunflower butter instead! Make peanut-butter boats by slicing a banana lengthwise, spreading each half with peanut butter, then adding blueberries as the ‘passengers.’ The sweetness of the banana mixed with the savory peanut butter takes the bite out of the berry! And kids will love this easy-to-eat snack.

Avocados

Adults love their avocado toast and guacamole, but how do you get kids to eat this smooth spreadable and yummy healthy fat and protein-packed fruit? When kids see ‘green,’ they may turn away. So make this awesome superfood more palatable by pairing it with other tasty treats.

Avocado Parfait

Remember, avocados are fruit so you can pair them with other fruits! California Avocados has a recipe for a parfait that pairs avocados and tropical fruit. You can use whatever fruit your child loves—mangoes, papaya or maybe even pineapple. Alternate layers of fruit and yogurt (the site recommends Vanilla Greek but opt for one you know your kids will eat).

Avocado Grilled Cheese

Grilled cheese is a kid staple, but you can make your child’s a favorite sandwich a bit healthier by adding in some avocado and maybe even slices of tomato.

Fruit Salad

If you’re serving up fruit salad for a snack, dice up some avocado, too! Those green avocados will add some healthy fat to a daily dose of fruit.

Eggs

Eggs are an excellent source of protein. Some kids either love them or hate them, though. Make them irresistible with these hacks:

Cheesy Eggs

Scramble eggs with cheese to change up the flavor and make breakfast more fun. You can serve cheesy eggs as a sandwich with whole grain toast, or just plate those eggs.

Eggs in a Muffin

Healthy microwave muffin recipes typically call for a pop of protein: eggs! If your child won’t eat eggs as is or scrambled, mix them into muffin batter that you can microwave in a mug. One of the healthier muffin recipes just calls for mixing about ¼ cup of oats (or flour), an egg, a splash of milk (use traditional dairy, almond or soy), and some fruit (any fruit!). Add in a tablespoon of nut or sun butter for protein. Pop it in the microwave for about a minute.

Spinach

More green! Spinach often gets a bad rep from kids; it’s leafy and green…and notoriously healthy! While your kids might want to turn their noses up at this leafy superfood, they still benefit from all the vitamins and nutrients. So, add it into their diet, but be stealthy! Make sure you wash spinach thoroughly and be sure to take note of any produce recalls.

Power Smoothie

Mix spinach into a smoothie to give kids a punch of this superfood on the down-low. Spinach is loaded with B vitamins, potassium and other vitamins and nutrients. You can mix spinach with bananas and strawberries for a fruity breakfast smoothie. Everyone has their own preference as to whether to use frozen yogurt or ice (with regular yogurt), but the recipe works either way.

Spaghetti Sauce

Puree spinach and stir the veggie into a favorite pasta sauce. This ensures kids get their leafy veggie, but you don’t have to fuss at them to eat it!

Salad

Pssst, don’t tell your child that the lettuce in that sweet salad is spinach! Mix spinach with romaine lettuce and add in sliced strawberries, nuts and apples for a decadent dinner salad. Top with raspberry or strawberry dressing.

Kale

One of the buzziest superfoods of the last few years was—and is—kale. This veggie is packed with Folate, and Vitamin A, Vitamin C and Vitamin K. Like spinach, though, kale is leafy and not necessarily a kid favorite. This veggie screams healthy…and it is. But it’s also tasty.

Kale Chips

Making kale chips is so easy. Cut up your kale, drizzle with olive oil and sprinkle with a dash of salt. Bake in the oven for a crisp and healthy snack. The full recipe can be found over at Food Network.

Kale Applesauce

Yes, you can make applesauce in a slow cooker. And that sauce is even healthier if you add kale! Use about a three pound bag of apples for a larger batch, and mix in as much or as little kale as you’d like. Cut up apples into tiny pieces and slice up your kale. Throw the mix into the slow cooker and add about ½ cup of water. Sprinkle the pieces with cinnamon and cook for about 4 hours on high or 8 hours on low.

Pumpkin

Pumpkin is one sweet gourd, and it’s also a holiday and festive fall favorite. Pumpkin can be mixed into so many recipes and snacks for a sweet and healthy snack. According to Health.com , pumpkins are filled with beta carotene and vitamin K.

Pumpkin Oatmeal

Mix in a tablespoon or two of canned pumpkin with instant oatmeal. To sweeten it up, add a little brown sugar and sprinkle cinnamon and nutmeg on top.

Pumpkin Pancakes

Having breakfast for dinner? Whole Grain pancakes can be mixed with pumpkin for a special seasonal taste. Add in apples, too, for a heartier pancake mix.

Pumpkin Mac & Cheese

Whipping up some mac and cheese? Stir in a few tablespoons of pumpkin to add in some hidden vitamins. There are many variations on this recipe, but you can even try it for that typical in-the-box staple!

Greek Yogurt

Greek yogurt tends to taste more bitter than traditional yogurt varieties, but Greek yogurt is higher in protein. If your child has an aversion to new tastes, mixing this yogurt into smoothies and parfaits takes the bite out of the bitterness!

Dark Chocolate Greek Yogurt Shake

Blend yogurt, ice, banana, a splash of milk and little bit of dark cocoa powder for a sweet dessert that’s also healthy.

Powerful Parfait

Make a breakfast parfait by layering vanilla or regular Greek yogurt with fruit and granola. You also can grab your child’s favorite breakfast cereal and add it to the mix. Greek yogurt tastes great with chocolate puffs, fruity cereals or even simple corn puffs.

Frozen Yogurt

Mix your favorite flavor of Greek yogurt with fruit or jam, and place in a freezer safe container. Stick it in the freezer to firm up and enjoy easy frozen yogurt. Top with granola, nuts or maybe even sprinkles.

Quinoa

This is a super grain that’s also high in protein. Quinoa can be baked into muffins, pancakes or even made as a hot cereal. You also can serve it up as a savory side cooked in broth. But for kids, opt for the sweeter side of quinoa.

Hot Cereal

Instead of oatmeal or other hot cereals, serve quinoa. Martha Stewart’s recipe calls for mixing this grain with two cups of hot milk. Boil the milk, then add a cup of quinoa. You can mix in maple syrup, cinnamon, fruit…whatever your child likes.

Crumbles for Parfaits or Yogurt

Use the above recipe to also create a quinoa crumble to add into yogurt or parfaits.

Sloppy…Quinoa?

Delish features a meatless Sloppy Joe’s recipe that subs in quinoa! This is one sneaky and tasty way to give kids a daily dose of grains and protein!

Many parents find that their children favor certain foods that might not satisfy all their nutritional needs. It’s common for kids to love the same foods, but it’s also important to vary their diet so that they are exposed to all the vitamins and minerals needed for growth and good health.

Superfoods are super because they are chock full of vitamins and nutrients that fuel the body; everyone can benefit from these foods, especially kids. But not all superfoods may appeal to younger and more discerning palates. Parents can mix these healthy fruits, veggies, proteins and dairy options with other ingredients to create kid-friendly recipes that make these superfoods taste even better. Food battles are winless, so don’t fight them. Instead create meals that are healthy, fun to eat, tasty and infused with superfood treasures!

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New Years New Tech! 7 Hottest Devices to Buy in 2019

Thu, 17 Jan 2019 01:05:00 GMT

Here are some of the New Years coolest new gizmos… With the continuous growth of technology at exponential rates it can be hard to keep up. Here’s an infographic with a few pieces that you should check out!

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Beauty Guru on a Budget

Wed, 09 Jan 2019 22:43:00 GMT

For many individuals, having a daily beauty routine is fun and may even boost self-esteem and confidence. When you look good, you feel good. But when you’re on a budget, those extra costs are often the first to be cut. Yet, living life on a budget shouldn’t mean the end to skincare or even a new lipstick. If you’re funds are tight, here are all the ways you can embrace your inner beauty guru without dropping a bundle!

Budget Hair

Step away from the shears! While DIY haircut tips can be found on the internet, not everyone can hack a haircut with accuracy. Unfortunately, DIY trims and cuts can go horribly, horribly wrong. Did you ever cut your own bangs as a teen or kid? Yeah, that probably didn’t go so well.

There are other ways to save money on trims and cuts. You should also look at what you’re spending on your current stylist before you really delve deep into cost-savings. If, like some individuals, you only schedule a cut or trim every few months, then that quarterly cost might not hurt too much. However, if you’re dropping hundreds on cut and color each month, you need to make a dramatic ‘cut.’

Beauty Schools

Most major cities have beauty schools where cosmetologists are training for their careers. So how do up and coming stylists learn their craft? By practicing on real clients. Many cosmetology schools will offer low-price cuts, styles and coloring services. This is a great option to keep up your hair routine without spending too much.

As students will be managing your hair care needs, you will need to be patient. Styles and cuts might take longer, and students might make mistakes. Before you schedule an appointment with a beauty school, you can inquire about rates and procedures (including how they will re-mediate any less than perfect results). To make the process easier, be sure to communicate your expectations; bring a picture of the haircut or color so that the stylist knows exactly what you want.

Some beauty schools also offer other services like nail care and waxing. Check out your local cosmetology school to find out what services are offered in your area!

Discount Salons

Don’t discard those discount salons. You may find great cuts, styles and color services at extremely affordable prices. Even better? Many offer local coupons that let you score cuts for low, low prices.

If you’re on the hunt for a chic but cheap new look, check out your local discount salons and visit their web sites to uncover promotions and coupons! If you have children, be sure to inquire about special discounts for kids’ cuts—some salons offer a Kid’s Day with discount prices.

Skincare

Many of us spend a small fortune on skincare or, at least, it feels like it. But do you need all those serums, creams, oils and exfoliants? There are so many products that feel like must-haves, and some creams and skincare products may even be prescribed by your doctor.

What you need depends on your skin’s needs. Skincare can be complicated, especially if you have acne prone skin, sensitive skin or dermatological conditions (like eczema or psoriasis). If you have unique skincare needs and are under the care of a dermatologist, consult with your doctor before switching out products. Your doctor also would be the best source if you need recommendations for lower-priced alternatives that work for your skin’s needs.

Those with general skincare routines, though, may be able to make the switch to less expensive products. Or even mix up your own skincare solutions at home! So, if that budget is limiting your purchases to exclude high-end products, here are a few options to nurture your skin on a skinny price tag.

Oils!

Coconut oil and argan oil are two of the buzziest oils in the beauty industry. Both provide moisture to the skin, but argan oil is considered the friendlier choice for those who are prone to breakouts as coconut oil tends to clog pores . However, both oils can be used on the face as a dewy moisturizer.

Coconut oil is a go-to for many beauty aficionados. This oil can pretty much do it all. Slather a little on your eyes to take off makeup, put it in your hair to calm frizzy days, use it as a lubricant while shaving or just slather it on your body to smell like a tropical dream! Even better? A large jar of organic coconut oils is pretty cheap, too — usually less than $6. So bathe in it, slather it on and embrace the scent of this beachy fruit!

Argan oil is pricier than coconut oil, but if you know where to shop, a vial of this oil can cost under $10. And one small vial will go a long way! While you can use argan oil anywhere on the body (it won’t clog your pores!), because it is a bit more expensive, you may want to reserve this oil for your face . Use it to moisturize at night and dab a little around the eyes.

DIY Masks and Scrubs

Don’t head to the store to buy scrubs and masks, make your own at home! Your pantry and refrigerator likely contain the ingredients you need for delightful, soothing and natural beauty treatments. Here are a few easy DIY recipes:

Sugar Scrub

· Sugar

· Coconut Oil

You can mix this however you’d like. Sometimes scrubs can be a little bit trial and error. Scoop out some sugar (brown is good…but you can use standard white) and then add in the oil to get the consistency you want. The coconut oil mixed with sugar will have an awesome scent, so try not to eat it! You can use this scrub on your face and body; just be careful if you do use it on your face as the sugar may tear delicate skin. If you want or need a more involved recipe, there are a TON of variations on the traditional sugar scrub that can be found on the web.

Oatmeal, Yogurt & Honey Face Mask

This feels and smells a little like your wearing oatmeal cookie dough on your face, and that’s a good thing! A simple recipe over at the blog Leggings ‘n’ Lattes notes that you should mix together about 1/3 cup of oats, 1/3 cup of yogurt and then a tablespoon of honey. So how long do you leave on this yummy concoction? According to the recipe, you should wash it off after about 15 minutes. If you’re using this mask for a DIY spa day, don’t forget to cover your eyes with some cucumber slices!

Cosmetic Dilemmas

Oh, that beauty aisle at the store is filled with rows of lipsticks, shadows, foundations, powders and everything your beauty style desires. When you’re low on cash, though, these aisles are brutal. So, if you’re in need of a new tube of mascara or another must-have item, don’t tempt yourself by browsing. Instead, make a list of what you need and then start hunting down product coupons! The goal is to save money! And don’t even think about splurging on high-end brands. Not an option while being fiscally frugal!

Visit coupon sites and find savings for drugstore brands. While these might not be the luxe products you want, many of these brands are still high quality…just with less savvy packaging. If you have a rewards membership at a local store, you also could redeem points to lower the price of those products!

Cutting Cosmetic Costs

Keeping a tight rein on finances doesn’t mean an end to your beauty routine. For many individuals, haircare, beauty products and skincare keep us looking and feeling our best and giving a big boost to our self-esteem. While you don’t need to cut those beauty needs completely, you will need to make some changes to keep those costs in check.

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