Mortgage Woes Not Stopping Auto Loan Approval

The last thing people who have fallen behind on their mortgages may be thinking about is buying a new or used car, but it turns out that they are growing more likely to be approved by auto lenders. Through the first three quarters of 2011, there were around 205,000 auto loans issued to people who were at least 60 days behind on their mortgage payments, The Wall Street Journal reports.

The figures represent a change in attitude among lenders who are becoming more accepting of applicants with marks on their credit than in past years. The shift may be indicative of the fact that they are trying to find good ways to work with people who have been hurt by the economic downturn.

Experian's vice president Michele Raneri told the newspaper that lenders need to ask "'How do we work with the new economy and consumers being late on their mortgages?' They know they need to grow…and they know they have to be flexible."

The willingness to approve loans to people who are behind on the mortgage or who otherwise have bad credit may be responsible for the growth in auto sales during 2011 as well. According to the WSJ, sales rose by more than 10 percent compared to 2010.

Regardless of whether or not you have fallen behind on your mortgage or have a checkered credit history, New Jersey State Auto Auction offers guaranteed credit approval. The service is thanks to a partnership with the Credit Acceptance Corporation, which can provide applicants with approval in as little as 30 seconds, so you can be in your used car and on your way back to rebuilding your credit.

Honda Civic Tops List of Best Used Cars Under $8,000

More often than not, motorists looking to save money turn to used cars. While most pre-owned vehicles offer an affordable option compared to new ones, there are certain models that stand out above the rest. Kelley Blue Book's Kbb.com recently named what it thinks are some of the best used cars selling for $8,000 or below.

Coming in at number eight on the list was the 2003 Mazda Protege5. This reliable car has been a mainstay on the road for years, and this version in particular offers a number of advantages. For one, its five-door configuration provides plenty of seating while also offering excellent gas-mileage and handling, all for a retail value of $7,970.

SUVs also made an appearance on the list, with the 2003 Ford Escape taking the number six spot. With a price tag of around $7,500, this compact SUV has long been a favorite among drivers, thanks to its reliability and ease of use.

Every car on the list represents a good deal, but the 2004 Honda Civic got the top spot. The car is well-known for its quality and safety, and despite being a compact sedan, it often stands above other similar models in terms of being fun and comfortable.

Whether you are looking to get behind the wheel of a used SUV, compact sedan or pick-up truck, New Jersey State Auto Auction is the place to go. The dealer offers motorists with a wide variety of makes and models – all at affordable prices. Additionally, because all the of the vehicles are Carfax certified, you can be sure you're getting a reliable product.

2011: Year of the Used Car

Though sales of new cars were up in 2011, consumers were not only looking to get behind the wheels of vehicles fresh off the lot. Used car sales were also up considerably compared to 2010, with about 39 million pre-owned vehicles going home with new owners, TheDetroitBureau.com reports.

Consumers bought three times as many used cars as in 2010 with the bulk of the sales coming in November and December, just as prices began to slip from a summer high. The reason for the increase likely stems from the fact that drivers’ cars, which they held on to for longer than normal, began to wear down, according to analysts.

“We saw a lot of people whose existing cars were just tired so, after two years of pent-up demand, that finally led to a surge of used car sales last year, and especially in November and December,” CNW Marketing chief Art Spinella told the website.

The figures are indicative of a trend that has been ongoing since 2008, when the recession first hit. Although the economy has begun to stabilize it has not changed consumers’ penchant for previously-owned vehicles over new cars.

Another big trend that some industry insider have noticed is that dealers, like New Jersey State Auto Auction, are more likely to use the internet to provide comprehensive lists of the cars they have for sale. According to the website, 73.1 percent of used cars are listed online.

New Jersey Auto has more to offer than just an easy database of available cars. It also has a wide variety of makes and models at affordable prices and with guaranteed credit approval, getting a used car is easy.

Forecasters Stalk Gas Prices after Ethanol Subsidy Ends

When a longstanding ethanol subsidy expired on New Year's Day, the change likely went unnoticed by the majority of drivers on the road. However, they may be feeling the pinch as a result, as analysts believe that termination of the program will lead to higher gas prices, USA Today reports.

The change could come as early as next week, with some experts predicting a 45 cent-hike in the price of a gallon of gasoline. The reason is because ethanol, which has been shown to have smog-reducing characteristics, accounts for about 10 percent of many gasoline-based fuels. Still, despite the ominous predictions, some believe that there might not be a significant upward swing given the added emphasis on clean burning gas and fuel-efficiency.

"Things have changed. The marketplace has changed," Matt Hartwig of the Renewable Fuels Association, which represents ethanol makers, told the publication. "Today, ethanol is 10 percent of the nation's gas supply."

Whether or not gas prices rise significantly, taking steps to improve your fuel economy is never a bad idea. According to Edmunds, there are a few proven ways to help save money at the pump that you can start implementing today. For example, driving more moderately offers an average savings of 31 percent. In a similar vein, driving slower on long trips can save motorists an average of 12 percent.

Additionally, there could be some internal issues causing your gas mileage to plummet, but you may not know about it until you take your car to a professional. New Jersey State Auto Auction's Total Car Car center can answer the question. Located in Jersey City and open to the public, drivers can get everything from repairs to routine maintenance.

Be Positive Your Battery is in Good Health

The winter presents drivers with a number of different challenges than other months. In addition to navigating icy roads and having to defrost the windshield every morning, operating a car can be substantially altered during the winter as well. That is especially true when it comes to the battery. Luckily, there are a number of steps you can take to ensure your battery does not die at an inopportune moment.

The biggest danger facing batteries during the winter is that they may not be able to charge as well due to the cold weather. This problem can be exacerbated especially if you go several days without driving your car. To help combat the issue, some experts recommend running your car for even just a few minutes if you haven't taken it out in a few days.

According to NASCAR, one of the best ways to stay on top of the health of your battery is to be on the look out for terminal corrosion while also checking the battery cables to makes sure they are tight enough.

Furthermore, turning your attention toward other aspects of maintenance can also have a positive impact. ABC affiliate KFBB reports that auto service company NAPA says moisture in the fuel is another common issue that comes up as the weather turns cold.

"It doesn't matter if you’re using a diesel, a gas, or what, if you have moisture in your fuel, it's going to give you trouble," industry insider Lonnie Davis told the news channel. "And there's any number of products that will take care of that. Other than that, just pretty much common sense."

Whether you're looking to get your battery checked or your oil changed, New Jersey State Auto Auction's Total Car Care center can help. The Jersey City location is open to the public and can take care of everything from repairs to general upkeep.

Technology to Dominate Auto Trends in 2012

The North American International Auto Show has been one of the earliest indicators of a year's coming trends for more than two decades, and don't expect much to change this year. The two-week event comes to Detroit on January 9, and according to USA Today, there are a number of things to be on the lookout for.

Many of the trends over recent years have had to do with fuel efficiency and that will continue in 2012, experts say. One of the things to be most on the lookout for is stop-start technology, which actually turns off the engine while a car is idling at the stop light, and then starts it back up once it's ready to go. The features is already available in a number of vehicles, including the Mazda 3.

Of course, saving money on gas is not the only thing that drivers want. They are also looking to be safer than ever before. Industry experts are anticipating that the number of airbags in cars will grow to 10 in the coming year with some having already implemented front-seat knee versions of the safety device, the news source reports.

How a car drives may also change in the coming months due to a greater emphasis being placed on both the size and power of engines. According to USA Today, prognosticators believe that there will be more small engines with greater output much like the 2-liter four-cylinder turbocharged, direct-injection engine created by GM that provides 270 horsepower.

Regardless of which trends come and go, one thing will remain the same – New Jersey State Auto Auction will continue to be a great place to get behind the wheel of a used car. The dealer offers plenty of makes and models at affordable prices.

Get an Auto Loan With Bad Credit

For people living with bad credit, it may seem like being approved for an auto loan is impossible. However, by making some smart choices and visiting New Jersey State Auto Auction, obtaining a loan is not that difficult and can help you to rebuild your credit.

According to Edmunds, the first thing you'll want to do is check your credit report. Along giving you a reference point when you apply for financing, it also gives you an opportunity to look or any mistakes that could make it harder for you to get a loan in the first place.

In addition to checking on your standing,  you may also want to limit the use of your credit card in the time leading up to your loan application. Once you know that purchasing a used car is in your near future, limiting your credit card use will let you pay off some of your debt and put you in a better position to get approved.

When it actually comes time to apply for financing, experts recommend that people with bad credit make a down payment on the loan. Even if it's something as small as $200, industry insiders say that it is a good move and can show potential lenders that you'll be reliable.

If you're concerned that a checkered credit history will keep you from getting a loan, New Jersey State Auto Auction is the place to go. Thanks to a partnership with Credit Acceptance Corp., the dealership is able to offer guaranteed approval. And for people with poor history it can be a great way to rebuild their standing

Toyota Camry earns praise from Consumer Reports

It is already one of the most popular cars in the United States, but the Toyota Camry recently got a sterling review from Consumer Reports. The publication named the 2012 hybrid version of the car the best family sedan, according to USA Today.

The achievement may surprise some people since the latest version of the Camry was met with some criticism due to its lackluster appearance. However, the car has a number of other features that eventually won over the reviewers. In particular, it's fuel economy, interior and responsive handling all set it above other models. Even the standard, non-hybrid model impressed the magazine.

"In fact, the four-cylinder model’s 27 mpg overall ties with the Hyundai Sonata for the best fuel economy among conventional gasoline-powered family sedans," Consumer Reports said, according to Bloomberg.

The endorsement should not come as a surprise given the Carmy's history. The classic sedan has been the best selling car in the United States 13 out of the last 14 years and it is often touted among the safest cars on the road. This year, for instance, the Insurance Institute for Highway Safety named it as one of the safest cars for 2012 along with its Japanese counterpart, the Honda Accord.

While Consumer Reports targeted the 2012 Camry, given its sales record if you get behind the wheel of a used model you will not be disappointed either. Whether you're looking for a used Camry or other similar sedan, New Jersey State Auto Auction has you covered. In addition to offering a wide variety of makes and models at affordable prices, all the vehicles are Carfax certified.

CarMax May Not Be Giving the Car Facts

When buying a used car, looking into its history is one of the most important things you can do. It's the only way to be sure you won't be surprised by any lingering issues or unnoticeable damage later on. Retailer CarMax is being accused of not disclosing its vehicles history, allegations that may cause prospective buyers to head to New Jersey State Auto Auction.

According to The New York Times, the troubles stem from a 2008 ruling that required the retailer to tell consumers when a car had previously been in a rental fleet. However, a filing made last month claims that they haven't done so. CarMax has vehemently denied the charges, saying that it is in compliance with Maryland's law.

Making it clear that a used car was once a rental is a big part of protecting consumers. Industry insiders say that they are usually sold for less because it is difficult to get a precise history pertaining to its maintenance records.

"States like California and Maryland require disclosure of prior daily rental to avoid consumers paying too much," Clarence Ditlow, the executive director of the Center for Auto Safety, told the Times.

Before buying a used car there are a few things you should be sure to ask concerning its past. According to AOL Autos, you should be sure to inspect whether it has had many previous owners as well as if it has received routine maintenance.

New Jersey State Auto Auction will help allay the fear of not knowing your car's history thanks to the fact that every ride is Carfax certified. This way, you'll be sure that you're driving off the lot in a reliable automobile.

New, Used Car Sales on the Rise in 2011

As the economy continues its slow recovery, growing consumer confidence is beginning to be reflected in auto sales. The price-tracking website TrueCar.com announced that 2011 saw the most vehicles sold since 2008, with both new and used cars seeing an increase.

Analysts found that about 12.8 million cars and trucks were sold during the year, which is up significantly compared to last year's figures. Additionally, experts predict that the trend will continue into next year, with J.D. Power and Associates estimating that 2012 will see about 13.7 million units sold.

December was a particularly good month for car sales. Additionally, the website found that there was an 24.4 percent jump compared to November in terms of new-car sales but used models also experienced growth.

"This year was absent of a blockbuster sales month but we see this pace of growth as healthy and sustainable in the coming year where the industry is going to sell nearly 14 million units based on the merits of its products and improved economy," Jesse Toprak, the website's vice president of industry trends and insight.

Certain brands experienced a better final month of the year than others, with Hyundai and Kia selling nearly 40 percent more cars in December 2011 than the previous year. Chrysler had a good month as well, with 33.8 percent higher sales than December 2010.

Whether you're looking to buy a used Hyundai, Kia or Chrylster, New Jersey State Auto Auction is the place to go. All of its makes and models are Carfax certified so you know you're getting a reliable vehicle.