Bought a Lemon? 4 Signs You Should Cut Your Losses and Sell

In economics, there is a principle called sunk costs. It simply means that the money you spent on a product or service is gone. No matter how many times you throw good money after bad money, you cannot get your initial investment back.

When you purchase a car, it can be a gamble. You hope you are getting a good product, but you will not know for sure until you take it home and drive it around town for a while.

It can turn out to be the most reliable car on the lot, or a certified lemon.

If you purchased a car that turned out to be a lemon, one of the most intelligent things you can do is cut your losses. Here are four signs that indicate it is time to let your lemon go.

Your Car is a Money Pit

It is understandable for you to spend money on routine maintenance costs such as oil changes and tire rotations. However, if you frequently spend more money on repair costs than your monthly car payment, it is time to find a more reliable mode of transportation.

You Have to Frequently Tow Your Car

For most people, it is rare that they have to get their cars towed because of mechanical failure. If your car is a lemon, you may know tow truck drivers on a first name basis. According to the towing service experts at Sheffield towing, frequent automobile breakdowns are the primary reasons people have their cars towed. You are wasting countless hours and money by keeping a car that needs to be towed frequently.

Your Vehicle is Causing Stress

There is nothing more stressful than having to deplete your savings account in order to keep your car working properly. Financial stress can take a toll on your health. If you are constantly worried or losing sleep because of the money you are spending on your car, purchase a new car.

Your Car is Unreliable and Unpredictable

Your goal for purchasing a vehicle was to provide you with reliable transportation. When you put your key into the ignition, you want to be certain that it will start. You should not have to guess whether your car will operate from one day to the next.

At some point with your vehicle, you will have to face the fact that your car is more trouble than it is worth and move on.

Slick Road Slip-Ups: Five Fender Bender Dos and Don’ts

A fender bender can put you into a potentially dangerous situation. What seems like something minor could explode into a very serious incident if you aren’t careful. The key to staying safe is knowing what to do. Here are five dos and don’ts when you are involved in a fender bender, especially on slick or icy roads this winter.

Do Contact the Police Immediately

Always contact the police immediately after an accident. Do not try to settle things quietly, or just brush off the accident. You want to call the police, request medical attention if necessary, and file an official report. This helps to protect you and the other driver. It is also a necessary step if you need to file an insurance or personal injury claim later.

Do Not Remain Standing in the Road

The last thing you want to do is stand in the road next to the vehicles, assessing the damage after an accident. Do get out of the road as quickly as you can. There will be plenty of time to look at the damage when the police arrive. Get to a safe place with everyone involved in the accident. This might even mean crossing the street to get to a sidewalk or parking lot.

Do Speak To a Lawyer

You will want to speak to a personal injury lawyer after the accident if you were hurt in any way. A Pocatello Attorney from a firm you trust will make certain your rights are protected. A lawyer will also help to determine whether you have valid damages that can be recovered through filing a personal injury claim. Always contact a lawyer if you were in a car accident.

Do Not Attempt to Drive Your Vehicle

There is no way to tell what parts of your vehicle might have been damaged as the result of a fender bender. You do not want to attempt to drive your vehicle right away. Wait until a tow truck arrives and have the car inspected. If you try to drive away, then damage to the car might cause you to lose control and get into another accident.

Do Document What You Can

Do try to document everything you can. This includes taking pictures or videos of the scene and the damage done. Get the names of witnesses in the area. Get all the contact information from the opposing driver and the license plate of the other cars. This information can be very helpful later.

You need to take action right after a fender bender in order to protect yourself and your rights. Do not assume that a small accident will not have far-reaching consequences in the coming days. Use these five tips to do the right thing after an auto accident.

Image credit: Fender Bender, 101 FWY, on Flickr

A Deadly Combination: The Dangers of Drinking and Driving

Although everyone in America knows that drunk driving is a problem, many underestimate the dangers of driving drunk and the resulting consequences. Some are unaware of the fact that a person’s driving ability can be severely impaired even without driving over the legal limit. In addition to legal consequences, a person whose driving ability is impaired can pose a real danger to other drivers and passengers.

Why is Alcohol a Problem When Driving?

Many people safely drink in moderation and operate a vehicle afterwards without causing any problems. However, even smaller amounts of alcohol can impair a person who is small in size, has low alcohol tolerance, or takes medications. People with certain medical conditions that impact their reaction time may also experience impairment.

Serious Accidents Can Carry More Severe Charges

Penalties for drunk or impaired driving are severe but are worse when serious injury or death results. A driver that is involved in a car crash that causes severe casualties may face a long jail sentence, eventual civil damages, and severe social stigma. Understanding how severe the consequences might be is something that people need to take into account before their drinking causes a tragedy.

Under the Influence or Impaired?

Many people unfamiliar with the laws don’t realize that driving under the influence and driving while impaired are two different charges. Driving under the influence, which is what most people think of when they think about drunk driving, happens when the driver has a blood alcohol level of .08% or more. However, drivers can also be charged when their BAC is .05% or more, and the alcohol impairs their driving. When this is the case, they face driving while impaired charges.

The Penalties Can Be Severe

Although driving under the influence or impaired have different criteria, both charges can similar sentencing. A DUI can carry a sentence of up to a year while DWAI can result in a 6-month sentence. A jail sentence of this length can have severe personal and financial consequences. Law firms such as Bachus & Schanker Law work with these types of cases regularly.

Consulting with a Lawyer Helps

People facing the sentences and fines associated with driving drunk would do well to consult with an attorney. A lawyer may be able to assist a person facing drunk driving charges so that they can resume living as normal a life as possible. Regardless of the circumstances surrounding a DUI or DWAI charge, seeking an attorney’s advice may make things easier.

Car Swap: How to Get the Best Value for your Trade-In

Trading in your current car is one of the easiest ways to afford a new car purchase. The money you receive for your trade-in can go directly towards the cost of the purchase of a brand new car. Since you are not going to need more form of transportation, your trade-in is essentially extra money. While trading in your car is a great way to reduce your new car loan, there are still four things you need to do in order to get the best value for your old car.

Know the Value

You should absolutely never sell or trade in your car without doing the proper research. If you do not know the correct value of your car, then there is no way you are going to get a great deal. Luckily, there are several different used car resources online that make it extremely easy to determine the exact value of your car before using it as a trade-in.

Make Car More Attractive

The only way to get the most value out of your trade-in is by making your car look as best as possible. There is no way you are going to get much money for your car if it looks dirty and poorly maintained. Giving the inside and outside of your car a detailed cleaning will ensure you do not lose any value in your trade-in.

Show Maintenance Records

Used cars that have been properly maintained are far more valuable than other cars. The best way to prove your car has been properly maintained under your ownership is by showing detailed maintenance records. These records will put a potential buyer at ease because they know they are getting a car that should continue to run properly for a long time.

Negotiate Separately

It is absolutely necessary to negotiate the trade-in and sale of new car separately if you want to get the best deal. Once you get the desired amount on your trade-in, then you move to the new car deal. If you already agreed to buy a new car, then the dealer knows they can get you to agree for a bad deal on the trade-in. If you are ready to purchase a new car and want a great deal on your trade-in, then you should visit a dealership like Quebedeaux Buick GMC.

Trading in your car and buying a new one does not have to be a complicated process. If you follow the four tips on this guide, then you should have no trouble getting a great deal.

What to Know About Buying a Car in 2017

The automotive world is always interesting. There are new hot releases every single year, and automotive fans are always on the lookout for the amazing cars of the future. We are going to talk a little bit about how to buy a new car in 2017. Read on to find out more.

The Right Options

If you purchase a new car, the dealer can customize it the way you want it. Dealers, like those at Woody Sander Ford, will work hard to please you in terms of options, exterior colors, and interior features. A new car is not a used car. For instance, used cars can smell funny, might have tons of accidents, and the list goes on. Yet, certain dealerships will also have used vehicles in their inventory too.

Warranty

A used car can have a warranty, but it will be inferior to that of a new car. A new car will have a strong warranty backed up by the manufacturer itself. For instance, a Mercedes-Benz has a 5-year warranty from the manufacturer, and you might be able to extend this warranty up to 7 years. Isn’t it amazing? Yes, it is. The new car will also come with the latest gizmos such as top-tier navigation and multimedia interfaces that will allow you to enjoy an atmosphere of luxury and elegance. You will also enjoy the latest safety features such as adaptive cruise control, brake assist, blind-spot monitoring systems, and much more.

Lower Emissions and Better Financing

A new car will emit lower emissions as well. It will also enjoy higher fuel efficiency, as automakers will go above and beyond to make the car the new star in the automotive industry. There are lots of hybrid cars out there, and the diesel technology is getting better and better with every new model that comes out these days as well. Your bank will lend you money to buy a new car easier than if you wanted to buy a used one, as the new car has not been hit by any sort of depreciation at all.

Free Maintenance

Since your car is new, it might even enjoy a full year of free maintenance. This will depend on the type of car and other things. A new car will allow you to avoid tons of legwork, as you will not have to go from a used lot to another used lot. The top condition of your new car is undeniable. You will enjoy a lot of good driving, and your car will not be a source of problems for you in the short term at least. Remember that the value of a new car is great not only in terms of money but also in image and class.

New Releases to Consider

Although there are many different types of vehicles for you to consider, you should definitely check out these four to see if they are right for you:

  • 2017 Acura NSX
  • 2017 Alfa Romeo Giulia
  • 2017 Audi A4
  • 2017 Ford Fusion Sedan

As you can see, buying a new car in 2017 is not a harsh task. Now you have more information to get the most out of your car. So all you have to do is take bold action and have fun with your new car right away.