DIANA AUTO

Archive for December, 2010

Whether interest rates are high or low or it’s the end of a model year with lots of incentives, motorcycle buyers tend to make the same mistakes when shopping for a motorcycle loan. Here are four common mistakes motorcycle buyers make with motorcycle loans.

Shopping for a motorcycle before shopping for a motorcycle loan.

Many motorcycle buyers enter the showroom looking for a motorcycle before they determine how much money a motorcycle lender is willing to loan to them for the purchase of a motorcycle. There is no need to shop for a $20,000 Harley Davidson motorcycle, if a lender is only willing to provide a loan amount of $10,000.

Additionally, once motorcycle buyers enter the showroom slick salespeople often pressure them into motorcycle loans with much higher internet rates than they could have gotten had they shopped for a motorcycle loan at a bank, credit union or online. Salespeople do not like motorcycle buyers to leave the dealership to get a motorcycle loan. In the salespersons mind this only increases the chance of loosing a sale and commission. Therefore, salespeople frequently try for a quick sale which normally results in pushing motorcycle buyers to get motorcycle financing at the dealership.

The bottom-line is that it is always best to shop for a motorcycle loan before entering the showroom.

Borrowing too much.

The most common mistake the first time motorcycle buyer makes in not having a clear sense of how much motorcycle they can afford. This is especially true for young motorcycle buyers who look to buy the top sport bikes that cost up to $10,000 – $15,000. What they fail to realize is that financing a $10,000 – $15,000 motorcycle can stretch them to thin, resulting in them having little cash to enjoy themselves and the motorcycling lifestyle. They may also have too little cash to pay for insurance, maintenance, registration or new accessories for their motorcycle.

Diving into the unknown motorcycle loan.

Motorcycle buyers often jump into motorcycle loans that they do not completely understand or may not be the best alternative for them. For instance, in today’s age manufacturers frequently run credit card motorcycle loan promotions on their private-label credit cards. But these promotions typically offer a low interest rate for a short term like 12 or 24 months and have a much higher interest rate after the short promotional term. On a credit card promotion if motorcycle buyers can not afford to pay off the loan during the short promotion period, then they are typically better taking a slightly higher interest rate on an installment motorcycle loan for a longer term.

Not asking the right questions.

The first warning sign that motorcycle buyers should see is that if they do not understand the type of motorcycle loan, then they should be sure to ask a lot of questions.

Here are some good questions to ask:

• What happens if a payment is 30 days late? Does the interest rate increase?

• Are there any administrative fees to get the motorcycle loan and if so how much are the fees?

• Are there circumstances that can make the interest rate on the motorcycle loan change in the future?

• If the loan is an installment loan, does it use rule of 78 or simple interest? (Simple interest is always better because it does not penalize the motorcycle buyer if the loan is paid off early.)

• What happens if a payment is 60 days late? Does the interest rate increase?

• How long is the term on the motorcycle loan?

• Is the interest rate fixed or variable? If fixed how long will it be fixed for?

• What is the down payment requirement to get the motorcycle loan?

• Is full coverage insurance required?

• How much is registration and are these fees included in the motorcycle loan?

Overall, motorcycle buyers can avoid these common mistakes by spending a little extra time focusing on shopping for a motorcycle loan and asking lots of questions.

If you are among those who spend most of your day attending to your motorcycles, indeed you are considered to be called a motorcycle enthusiast. These people would exchange their important appointments and dates just to buy more time with their motorcycles. That’s pretty fanatical I guess.
Some people really exert all their efforts in maneuvering their bikes. Some even have treated screws, wedges and other tools like their meals and food for the day. There are some who love motorcycles but only for the means of traveling and easy riding to escape themselves from heavy traffic over big busses, trucks and cars. As you can see, motorcycles are small and can fit on thin spaces in the streets.
Motorcycle lovers care for their bikes like caring for their own selves. They would even spend loads of money for maintenance, upgrades and repairs. For them, buying motorcycle parts is like buying clothes for themselves. I think that’s precisely what you call dedication and more like it.
Some purchase motorcycle parts as if they were dressing their motorcycles for a display, some rather for good performance and sound. Upgrading your motorcycles is indeed helpful. Finding new parts with good quality for your motorcycles is keeping up its power and performance. Since it is important, one must carefully be inclined with knowledge in choosing the right parts and brands.
These motorcycle parts can be acquired and purchased in hardware and motorcycle stores. Nowadays, shopping for your motorcycle parts can be purchased online. I can say it can be advantageous to shop online because it requires less work and you don’t have to waste efforts from going from one store to another only to find out that the parts you are looking for are unavailable or the stocks are all out.
With shopping online for your motorcycles, you are sure you get the most certain parts your bike needs and it gives you ideas on the price listings and some important information and details. Shopping online for your motorcycle parts gives you other options for varieties of selections. It is also to your advantage because it has wide connections or it is worldwide so don’t feel sad if the parts you are vying for are not available in your country. It can still be at your hand without any extra effort.
If you want to upgrade on an extensive level, shop online for a change and plunge in to your motorcycle addictions. It might cause to add a little extra cost but it’s worth it. You don’t have to work yourself way out on the stores. All you need is a computer and let them easily do it for you with no burden at all.

Tire pressure is one of the things a car needs to have checked most often. Ideally, you should check them once a month as well as any other time when they might look low. Also, if you are planning a long trip with your car, tire pressure is one of the main things you should check, along with a general checking.

The first thing you need in order to be able to check your car’s tire pressure is a tire pressure gauge. You can acquire one at any car parts store or just use one in a gas station. All gas stations have one, but you should ask if it is functioning well before using it. Some of the gauges you might find in gas stations are old or damaged and therefore the information they would give you would be incorrect, which could even lead you to add more air to the tire than it should have. This way, it is important that you make sure the gauge you will use functions properly.

In order to be able to evaluate the pressure your tires have, you should learn how much pressure they should ideally have. You might easily learn this since your car’s driver side doorjamb will probably have a sticker giving you some guidance related to the tires and their pressure.

Once you know which the proper pressure for your tires is, you are ready to check them. In order to do this, you must unscrew the caps on the tire air valve and press the tire pressure gauge against it. You should make sure you keep the tire pressure gauge as firmly against the tire valve as not to let air come out from it.

Once you have the tire pressure gauge connected with the tire valve, the gauge will immediately tell you what the tire pressure is. This will allow you to learn weather the tire needs more air or its air pressure is correct. If it needs more air, you should do it carefully in order not to pass its air limit. And, in case its air pressure is correct, you simply need to disconnect the air pressure gauge from it and screw the valve cap back in its place.

Choosing the right fuel treatments might be the difference between your car mechanism’s receiving bad deposits or not as well as it could reduce the engine’s wear or increase it in case it was wrongly chosen. Due to all these reasons, it is very important that you buy the right fuel treatments for your car instead of choosing them randomly.

If you wish to learn which the right fuel treatments for your car are, you should start by consulting your car owner’s manual. Most car owner’s manuals come with indications regarding the use of fuel treatments and some of them would let you know which ones you should buy and which ones you should avoid since some of them could be very prejudicial.

Fuel treatments are applied in order to improve specific car functioning areas and therefore you should have a clear idea on what you need to correct before buying the treatment fuel for it. This way, one of the best ways to make sure you will buy the right fuel treatment for your car is by choosing it according the specific problem it is going through.

Although there are some low cost treatments which are not bad, you should always try to make sure you buy a well known one or one which has been recommended to you by your mechanic or someone who knows what he is talking about. Another great way to buy your treatments is when they are on sale which happens very often in many stores.

After you have bought the right treatment, you should wait to add it until the next time you will add gas to the tank. This way, you should add the treatment, with a maximum of one bottle, and then add the gas you wish. If you have any doubts regarding fuel treatments you should ask your mechanic, or, in case you have doubts on how to use it you should ask the treatment manufacturer for further advice. You shouldn’t add any treatment to your car if you are not sure about it and what it could do to the car.