Why You Should Inspect Before You Buy a Used Car

When you're shopping for a used car in New Jersey, you should thoroughly research your purchase before making a final decision. This includes everything from determining the market value of a particular model and assessing the total cost of ownership to test driving and inspecting the vehicle itself.

Many drivers may not be aware of the importance of inspecting the vehicle, but doing so can help them spot and avoid a "lemon." Lemons are cars that have sustained significant damages or undergone repairs that drastically reduce their value, but many private sellers and some used car dealers may try to pull the wool over consumers' eyes to make money off their cars. Not all dealers are out to deceive car shoppers. New Jersey State Auto Auction, for instance, guarantees the quality of their vehicles, which are all CARFAX certified, so drivers know they're getting behind the wheel of reliable vehicles.

However, it is always a safe bet to give a car a once over, just in case something is wrong that may have gone unnoticed. The Wall Street Journal recommends looking for mismatched paint and checking for uniformity along any seams in the car's body. This can indicate major repair work was done. You should also check for signs of flood damage inside the engine. Look for water lines under the hood that could hint the vehicle has been exposed to water damage. This can not only impact the value of the car, but has likely caused a significant amount of damage and rust.

The best way to ensure a vehicle is in the condition the seller claims is to have a trusted independent mechanic inspect the car before you make a purchase. This typically costs between $75 and $150, according to the news source.

Tips to Extend Your Car Battery’s Life

In order to start a car, an electrical charge is needed to provide the spark for the ignition system to kick the engine into gear. This energy is supplied by the car battery, which is designed to wear out over time. The average automotive batter typically lasts for roughly two years, but this can be drastically shortened if proper care is not taken to maintain the car part.

The main factors that contribute the declining health of a battery include extreme temperatures, sulfation caused by lack of use, dirty battery connections and faulty alternators and starters that can prematurely drain the battery. Extreme temperatures, both high and low, can prematurely drain a car's battery. Parking in the shade during the summer and keeping a car in an insulated garage or insulating the battery itself can help protect it all year long.

Another thing you should keep an eye on is the state of the posts and the wires connected to them. Corrosive buildup is inevitable, but needs to be removed regularly. Otherwise, it can create electrical resistance that will prohibit the car from starting due to lack of enough electrical charge. Corrosive buildup typically appears as a white, powdery substance. This material is dangerous and you should not touch it with your bare hands. A hard bristle brush, baking soda and water are all you need to remove the corrosion, but be sure to wear protective gloves if you decide to perform this bit of maintenance yourself.

If you're experiencing trouble with your battery, it could be time to replace it. However, you can bring your vehicle to the Total Car Care Center at New Jersey State Auto Auction and have a certified mechanic make sure there are no other factors coming into play. If the alternator or starter are acting up, you may find battery problems will continue after a replacement.

Industry Experts Predict High Auto Sales in May

As May draws to a close, TrueCar.com predicts auto sales for the month will be the highest since 2007. The automotive website predicts sales in May will be around 1.4 million units, which is an 18.3 percent increase over April's numbers and an annual jump of 32 percent. The seasonally adjusted annualized rate remains the same at about 14.5 million new car sales.

"Pent up demand continues to fuel auto sales at a steady and sustainable level in may," said Jesse Toprak, vice president of market intelligence for TrueCar.com. "All major manufacturers will see double-digit growth this month. Toyota's recovery stemming from the natural disasters has happened at a breakneck pace and sales this month for Toyota will be the highest we have seen in a few years led by strong sales of the Camry and Prius along with strong sales from GM, which will be the highest since September 2008."

J.D. Power and Associates predicts similar success for automotive sales in May, including commercial and used vehicles in the estimates. The positive air around the automotive industry spells good things for those looking to buy used cars in New Jersey. As more people are buying new cars, there will be more used vehicles reaching the lots. This could lead to an average decline in the cost of used vehicles, which has been high due to increased demand. It doesn't hurt that gas prices have been dropping steadily in recent weeks, which has contributed to consumer confidence.

Drivers will be sure to find what they're looking for at New Jersey State Auto Auction. The dealer has a wide variety of makes and models, and every vehicle is CARFAX certified, so drivers know they'll be getting behind the wheel of a reliable ride.

Auto loan delinquencies hit their lowest levels

As the economy continues to pick up the pace, many people are opening their wallets once again in an effort to make the purchases they had been putting off. The auto market has experienced a surge in sales so far this year, and it seems as though consumers aren't in over their heads.

TransUnion reports the national auto loan delinquency rate hit the lowest level on record, indicating consumers are able to keep up with their car payments. The rate is measured by people who are 60 or more days past due on their bill. For the first quarter of 2012, the rate dropped to 0.36 percent, which indicated a 27 percent decrease from the first quarter of last year.

Analysts for TransUnion said these figures can be attributed to the fact that buying new or used cars is becoming a necessity for many people, particularly if they held onto their old model for longer than they should have. Peter Turek, automotive vice president of TransUnion's financial services business unit, indicates that the sector will continue to see an increase in lending and leasing, particularly in the non-prime risk segments.

"We anticipate national auto loan delinquency rates to remain relatively low for the remainder of the year, rising and decreasing with traditional seasonal patterns," Turek said. "However, a slight increase from this record-low level would not be surprising and should not be construed as a negative event, as lenders continue to originate more loans to consumers across all credit risk levels."

BusinessWeek reports that lenders are approving more auto loans now after pulling back the amount of money handed out due to the recession. As some people have faith in the improving economy, lenders are becoming more willing to help consumers afford their vehicle purchases, with many looking to expand their customer base.

Alternative Fuel Sector May Need Government Support for Growth

While many advancements have been made with alternative energy in relation to the automotive industry, sales of hybrid, electric and other alternative vehicles are still relatively low compared to overall sales. A recent survey conducted by Booz and Co. of original equipment manufacturers (OEMs) found many believe the sector will improve, but only if the government continues to provide support.

The report indicates 70 percent of OEM executives are more confident in alternative powertrains than they were last year, with the exception of fuel-cell and battery-electric vehicles. Roughly 71 and 75 percent of respondents claim they are less enthusiastic about fuel cell and electric technology, respectively. However, about 58 percent claim continued government support would boost non-gas vehicles to account for at least 10 percent of the total market share, while only 30 percent think it will succeed without federal backing. Government intervention includes setting up a nationwide charging station infrastructure for electric and hybrid vehicles.

"One of the challenges we've had is that there hasn't been a consistent energy policy for a long period of time," Scott Corwin, a partner at Booz and Co., told WardsAuto.

The news source indicates many consumers are choosing to purchase hybrids and electric vehicles for the tax incentives rather than for fuel efficiency. If the government removes these incentives, there may be a sharp decline in sales for this sector.

Another issue that may be turning drivers away from alternative energy vehicles is the overall design. Many hybrid and electric vehicles are given unique physical appearances that make them look, in a word, futuristic. But this may not be the best image for the new breed of automobiles, which is why many automakers have introduced alternative drivetrains on their popular models.

Those looking to get behind the wheel of a used hybrid or other vehicles that rely on alternative energy can head to New Jersey State Auto Auction. The used car dealer in NJ offers a variety of makes and models at affordable prices.

Mechanics Reveal Tips to Keep Car Running Longer

With the country still emerging from the recession, many American drivers are holding on to their cars longer than ever. As a result, the average age of a car on the road is around 11 years old. There are many ways motorists can ensure they get the most out of their ride for years to come, and a recent survey of mechanics revealed some of the best options.

Researchers talked to 450 auto maintenance experts across the country, and the results revealed some of the best ways to take care of your car are also some of the easiest. The majority of respondents said that changing your oil at the recommended intervals and regularly replacing all the vital fluids are the most important components in keeping your car on the road. Making sure you get your tires rotated was also one of the most popular answers.

Staying on top of general upkeep likely doesn't come as much of a surprise to many motorists. However, the many mechanics also highlighted the benefits of using higher-quality gasoline. In fact, seven out of 10 of the respondents said people can ensure their cars  run longer thank to higher-quality gas. In a similar vein, almost all of the mechanics (95 percent) pointed to having a clean fuel injector as one of the most important components of having your engine perform well.

Whether you need your oil changed, tires rotated or a more substantial repairs, New Jersey State Auto Auction's Total Car Care center can help you out. With a staff of talented mechanics, you can be sure to keep your car on the road as long as possible.

Saab May Be Saved By a Mysterious Investment Company

Saab may not be gone forever from the automotive world. A recent report by AutoCar indicates the Swedish brand may soon be picked up by National Electric Vehicle Sweden. This is not the first time the near-dead Saab has had a potential investor, but this company shows more promise than the last. Youngman, a Chinese automaker, recently backed out of negotiations to purchase the European car company.

The Swedish company is the latest business rumored to be considering taking Saab under its wing. The news source reports not much is known about it, and its name was only officially registered earlier this week.

"We have a very anonymous investment company that owns shares in this registered company, Sun Investment, but we still don't know who's behind it," Valdemar Lonroth, a local reporter in Saab's hometown of Trollhattan, told the news source. "We don't know if it's a Chinese or a Japanese company behind this conglomerate. Nobody really has a picture of what kind of resources they have or what their intentions are, besides the fact that they want to produce electric vehicles."

Since the company declared bankruptcy, the few remaining new models for sale were quickly snatched up from dealers. Many owners are holding onto their Swedish vehicles, as there is no certainty the brand will ever be revived or be the same if it does make a comeback.

Those looking to keep their Saabs on the road as long as possible will need to keep up with regular tuneups. The mechanics at New Jersey State Auto Auctions' Total Car Care Center in Jersey City can take care of maintenance, oil changes and repairs to preserve your Saab.

Kia Forte Named a Top Car for College Grads by Total Car Score

May is graduation season, and many parents choose to reward their kids' hard work with the gift of a car. Total Car Score recently published a list of its picks for the best cars for drivers fresh out of college that are reliable, safe, fuel efficient and affordable. The Kia Forte not only made the grade, but it was the most affordable vehicle on the list, which also included the Ford Focus, Volkswagen Golf, Chevy Cruze and Scion xB.

"Forte's achievement of being named to Total Car Score's 'Top Cars for College Grads' list is validation that its low cost and abundance of smart, youthful characteristics make it a natural fit for young adults who are about to enter the professional world," said Orth Hedrick, product planning director for Kia Motors America. "Furthermore, as the automotive marketplace becomes increasingly competitive with higher-quality cars, the Kia Forte is poised to succeed as one of the most well-built, well-equipped cars in its class."

In the past few years, Kia has built up a reputation for delivering affordable, trustworthy vehicles and the company is now one of the leading brands in the U.S., making it a great choice for a college grad.

A new Forte has a starting price of just $15,200. This means used models are likely to be even more affordable. The Forte has not undergone any dramatic changes in the past few years, so parents can save money by purchasing a used model from a used car dealer in New Jersey like New Jersey State Auto Auction. An older version will still have many of the same amenities as the 2012 model. 

Auto Loan Delinquencies Reach 13-year Low

Lenders have become increasingly likely to approve loans for people looking to a buy a used car in New Jersey or elsewhere, and it looks like their trust in consumers has been rewarded. The rate of late auto loan payments is currently at its lowest point in 13 years, according to The Associated Press.

From January to March of this year, the number of auto loan payments that were at least 60 days overdue dropped significantly to a national level of 0.36, good for a decrease of about 27 percent compared to the same period in 2011. The findings are especially encouraging given that lenders are approving financing for even the most high risk borrowers. Additionally, consumers seem to be especially likely to prioritize their car payments.

"Consumers have done a very good job of adjusting to their ever-changing circumstances and managing their debt load," Peter Turek, a vice president at TransUnion's financial services business unit, told the AP. "The data show consumers are, in fact, paying their auto loans more on time than other loan products."

This marks the 10th consecutive quarter that auto loan delinquency rates have been lower than the previous year's quarter. Experts say a lot of that can be chalked up to the fact that the recession caused many consumers to make paying off loans and other debts a priority.

If you're still concerned about being approved for a loan, you should head to New Jersey State Auto Auction. Thanks to a partnership with the Credit Acceptance Corporation, NJ Auto is able to offer guaranteed credit approval, regardless of your past history, and there's no better way to rebuild your credit score than by making loan payments on time.

Test Drives Are Key To Finding the Right Vehicle

There are many different aspects consumers needs to pay attention to when shopping for new or used cars in New Jersey. Everything from researching the market value of the vehicle to finding out how it compares to similar makes and models can contribute to the final decision, but the test drive is the best chance to really find out if a certain vehicle is right for you. Getting behind the wheel gives you the chance to check for any issues with how the car drives, the interior features and other things like visibility and cargo space.

"The test drive can be the most important aspect of buying a new or used car, but it's also one of the most overlooked," said Joe Wiesenfelder, executive editor for Cars.com. "We want to ensure that shoppers don't let their emotions get the best of them when they should be gathering the important information they need to make the right purchase."

Cars.com recommends giving the vehicle a thorough once-over before you even start it up. Checking the door handles, power windows, radio and other features is a good start, especially when choosing a used vehicle. There may be something minor, such as a seat adjuster that sticks, that will wind up driving you up a wall if you buy the car. When you're sitting in the driver's seat, make sure you have clear visibility. You may find the SUV you had your heart on makes it next to impossible to see behind you. Cars.com recommends checking the storage space of the vehicle to ensure it will fit your needs.

New Jersey State Auto Auction carries a wide variety of makes and models, giving you will have plenty of options to choose from. Plus, all their vehicles are CARFAX certified, so you know you're getting a reliable vehicle.