Bad Credit Used Car Loan: When Bad is not Really Bad at All

For people who have a low credit score or had encountered some serious credit problems in the past and need to buy a car, then, they have to apply for the so-called bad credit used car loan.

Basically, a bad credit used car loan provides the debtor the chance to obtain a car. The only drawback is that due to the bad credit history of the person, bad credit used car loans will require the buyer to pay the loan in a shorter time and with higher interest rates.

However, there are many creditors these days that offer comprehensive payment terms that let people pay back their loans even up to seven years.

Normally, bad credit used car loans only allow the debtor to pay back the whole loan within a 48-month period. This is because the creditors know that the car being purchased is already used, hence, the amount will be smaller when compared to a new car. In this manner, the lender looks forward to debtor’s capacity to pay back the loan in a possible shorter time.

However, there are some factors that need to be considered first before getting a loan. Here’s the list:

1. The debtor should know the prices of used cars, so that they will know how much they should loan.

There are some cases wherein car dealers take advantage of their customers especially if they know that the buyer has a bad credit history and is using a bad credit used car loan. Chances are these kinds of companies will provide higher prices.

2. Debtors should make it a point to shop around for the best terms and conditions of bad credit used car loans.

Not all lenders are created equal and each creditor that provides bad credit used car loan has its own terms and conditions. Hence, it is important to shop around so as to obtain the best deal.

3. Debtors or borrowers should know the specific requirement stipulated in the bad credit used car loan. There are some banks or financial institutions that will only grant loans to those who will buy used cars that are 4 to 5 years old.

All of these things are boiled down to the fact that even if the loan is based on a bad credit history, people should not take bad credit used car lenders for granted.

They should remember that this loan may be the way to obtain a good credit history once more.

About the author:



Jay is the web owner of http://www.new-cars-in.com New Cars, a website that provides information and resources on searching for new cars, new car pricing, loans, and dealers. You can visit his website at: http://www.used-cars-in.net Used Cars

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Would you buy a used car–with cash–from someone you just met in the bar, and who walked you down a dark alley to show you the car? Not likely. How about from a well-dressed, friendly, middle-aged man or woman, who placed a classified ad in your local newspaper, and who meets you midday at a restaurant of your choice?

Oops! You may be more likely to be cheated by seller number two. That’s the story of Jennifer Warwa, who bought a minivan and had her mechanic examine it. The mechanic later said how shocked he was that Jennifer had been scammed:

“Because I met the gentleman who was selling the vehicle. Very clean cut. In his fifties. Very soft spoken…. And he went with her to get it inspected. There was just no sign that was the kind of person he was” the mechanic told CBC’s Marketplace.

A few months later, Jennifer got a phone call from the police. They said she had purchased a stolen minivan, and they were coming to seize it. She was so upset, she tried to hide the van from the police. Eventually they caught up with her and she ended up paying for a year and a half for a $5,000 bank loan on a van she could not drive. Ouch!

Jennifer was just one victim in the chain that included the original owner, the insurance company, other consumers whose insurance rates keep rising, and the police, who spend thousands of hours tracking thefts. According to the FBI, a vehicle is stolen about every 25 seconds in the USA, amounting to an $8 billion yearly problem.

Here’s how these scams often work. Thieves target particular cars: for their value, their ease of resale as a whole or in parts, or because they are easier to steal. Years ago, most cars were stripped for parts, including unusual parts such as airbags. But today some thieves are so brash they sell cars through newspapers.

This newer scam is called “VIN cloning”, because the Vehicle Identification Number is stolen from another car. Criminals obtain VINs by copying them from the dash of cars in parking lots–even at dealerships. Some even physically remove the VIN plate from vehicles in auto salvage yards that allow customers to “pick your own parts.” (They do not mean that literally!) The number is used to falsely obtain new ownership documents, or documents are forged. Either way, a cloned VIN allows them to transform stolen cars into pseudo- legal vehicles that can be officially titled and sold. Many thieves work across state lines: cars may be stolen in the East, registered in the Mid-West, then sold in California. Scary!

Here’s what you can do to avoid buying a stolen car:
** Check the VIN on the dash against the VIN in the driver’s door jamb, under the hood, and on the paperwork
** Use the VIN to get the car’s history at carfax.com for about $20
** Ensure title and registration documents match the name and address of the seller
** Is the car from out of state?
** Be suspicious if you must meet a private seller in a parking lot. Better to see that they live at the address where the car is registered
** Has the vehicle recently been transferred?
** Does the seller use a home or work phone number, or just a cell?
** Is the selling price oddly low?
** Be warned that some used car dealers are getting scammed, too
** Pay by certified cheque or money order, not cash.

Keep in mind that most private sellers are not thieves, but rather honest, regular folks like you. And prices do tend to be lower with private sales. So if you follow my advice, you can greatly improve your chances of driving away with a “genuine” used car.

We’ve got more tips for saving money at http://www.usedcars.biz
About the Author

Will YOU get scammed on your next car purchase? Michael Trusthold writes for http://www.usedcars.biz and has bought and sold used cars for profit for many years. For more scam prevention TIPS and handy checklists for used car buying and selling, visit UsedCars.biz.

Technorati Tags: automotive, autocare, auto care, car care, auto repair

The SVS II Deluxe Valve Refacer is the most accurate Valve Refacer made today.

.0005 accuracy for standard chuck and
.0002 accuracy for high-performance chuck. The Industry’s Best.

The Kwik-Way CenterLine Chuck is what makes the SVS II Valve Refacer a cut above all the rest. Other Valve Refacers use Chucks, referred to as “center less”. These use rollers to grip the valve stem while the Kwik-way Chuck uses two sets of independent balls that grip the stem at two very distinct points. The advantage being, if you have a center less chuck and you’re trying to grind an in-service valve, if there is any out-of-round on the valve stem, that out-of-round is transferred from the rollers on the center less chuck to the valve face. So your face run out will be no better than your stem run-out.

With the Kwik-way Chuck, since it uses two sets of balls that capture the valve in the wear area of the stem, will automatically re-centerline the valve. What that means is when we grind the valve, the face will come out true to the center line of the stem that actually rides in the valve guide.

In other words, if there is some wear on the stem surface the Kwik-Way Chuck is going to compensate for that wear in such a way that the resulting ground valve face is perfectly centered when the valve is back in the engine.

Some valve manufacturers design their valves with a tapered stem. Because of the unique way The Kwik-Way Chuck grabs the valve stem, taper has no influence on the precision of the positioning of the valve in the chuck. Other Valve Refacer Chucks may cause the valve to tilt in the chuck. Without a way to compensate for valve stem taper, you cannot reface the valve with the same amount of accuracy as with a Kwik-Way machine.

The Kwik-Way Chuck is air activated. You simply push a button that will release the two sets of balls and allow you to insert the valve. You will have a range of 4mm to 14.3mm with the standard or high perfermance valve chuck.

Another type if chuck used on other machines is a collet chuck. To give you the range of 4mm to 14.3mm you would need at least 5 or as many as 9 different collets to cover that range. As you now know, with the SVS II, there is no change over required for various stem diameters. And as you change collets there can be problems with repeatability because you can put the collet in the receiver with dirt or grit between the receiver and the collet. In that case, you will get inaccuracy. Also, if you have a tapered valve, the collet will not compress to the same tension at both points so again with a collet chuck and a tapered valve you get inaccuracy.

The same is true with an out-of-round valve. Because the collet wants to compress uniformly around the circumference of the stem. The bottom line is that the other chucks grab the valve stem using a greater amount of the valve surface, which can be a problem if there are any irregularities in that valve.

The SVS II D comes standard with tip grinding and rocker grinding capability. It can also chamfer tips. There are no optional accessories necessary to perform these functions. Unlike with other machines where you will find that you have to purchase additional accessories in order to do these other jobs or to get the same amount of valve stem diameter range as the Kwik-Way SVS II Deluxe Valve Refacer.

You can transition from valve refacing to tip grinding or rocker arm grinding operations for shaft mounted types of rockers in less than minutes. And it’s all standard with the machine.

Kwik-Way Valve Grinding Wheels are very reasonably priced. Our wheels are formulated and manufactured by one of the largest manufacturers of grinding wheels in the world and they are designed specifically for our machines. Kwik-Way offers various types of wheels. We have general purpose, finishing, titanium, and hard alloy, so no matter what type of material comes into your shop you are going to be able to handle it.

To change and redress a wheel on the SVS II Deluxe machine only takes about 2 minutes. We find that our general purpose wheel is sufficient for most operations, but of course, if you get a high performance valve or titanium alloy valve, you will need to change to a different grinding wheel.

We also offer a Valve Cabinet designed specifically for the SVS II D machine. The footprint of the cabinet allows for a good ergonomic workstation. With excellent storage below in the cabinet. We find that some people already have areas in their shop that they have a station designed for and as long as the bench is adequate to support the weight of the machine it will work fine.

The SVS II Deluxe Valve Refacer is sold all over the world. Kwik-Way is by far the largest provider of valve equipment in the entire world. We have various voltages available and also various chuck capacities.

The SVS II Deluxe Valve Refacer comes with a unique warranty we call the 5-2-1 warranty. The base of the unit is warranted for 5 years, all other parts for 2 years and the first year everything is warranted, parts, labor and electrics. We also have a exclusive 3 year limited warranty on the Chuck. We warrant it against loss of accuracy.

Most all Funny and Top Fuel Race Teams are using a Kwik-Way Valve Machine. If you look at their trailers you will find they have Kwik-Way valve grinders on them. The only equipment they trust for regrinding high performance engine valves is a Kwik-Way machine. And while many companies will give their equipment to these types of organizations in exchange for the promotional value, Kwik-Way does not. So if a high performance shop is using a Kwik-Way machine it is by their choice and they paid to have that machine.

You can find more information about the SVS II Deluxe Valve Refacer at http://www.kwik-way.com

About the Author

Chuck Downs has been working at Kwik-Way Products for many years. He has vast knowledge of Automotive Repair Machines.

Technorati Tags: automotive, autocare, auto care, car care, auto repair