Do Your Research When Looking for a Used Car

Sometimes finding the right vehicle can seem like a struggle. No matter how much you look, it can appear nearly impossible to find the perfect car for the right price. Though everyone has their own methods when it comes to buying a used car, some habits are more effective than others and can go a long way in helping you land the ideal automobile.

A lot of the success of the purchase has to do with what brand you choose. While most people may be dead-set on only purchasing a top-end brand, the lesser known makes and models may get you an equally reliable vehicle at much less the price. According to the Toronto Star, having an open mind when it comes to brand selection can yield excellent results. Some of the best undervalued manufacturers are Kia, Mitsubishi and Suzuki.

Experts may advise against being too committed to a particular manufacturer, but the same cannot be said for a budget. The publication reports that setting a budget and sticking to it is  important because it can narrow your focus and, most obviously, keep you from spending too much money. Additionally, you may want to consider trading in your previous car to take a few thousand dollars off the price.

Like any major purchase, research is a must, and luckily there are plenty of options to learn about the history behind your potential purchase. At New Jersey State Auto Auction, all the cars on the lot are Carfax certified so you know you're getting a vehicle with no hidden issues.

Of course, having a reliable stable of cars is not the only advantage offered by New Jersey Auto. The dealer carries a wide variety of makes and models at affordable prices, whether you're looking for a Ford, Toyota or Jeep.

Car Loan Payments Just Part of Life For Some

Results of a new poll reveal some startling figures regarding how people feel about car loans. The study discovered that 64.3 percent of respondents believe that they will have a car payment during the rest of their life.

The research, conducted by LeaseTrader.com, polled 500 people in December and is indicative of a changing mentality among motorists. In a similar survey conducted five years ago, researchers found that only 48.6 percent felt that having a car payment was just part of life. However, things seems to have changed considerably since then.

"Because there are a lot of similarities between cars and cell phones today people also look at car payments with the same pay-as-you-go mentality," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "More people today realize having a car payment is just something they will always have."

Aside from the obvious benefits of not having a monthly payment hanging over your head, paying  a car loan in a timely fashion has many other advantages. This is especially true for people who may have a bad credit history. Making loan payments on time is a great way to rebuild your record and put you on solid footing.

Though it might seem difficult to get approved for auto financing if you have bad credit, there's no need to worry thanks to New Jersey State Auto Auction. As the result of a partnership with the Credit Acceptance Corporation, New Jersey Auto is able to offer guaranteed credit approval to anyone who applies. Not only that, but approval usually occurs in just a matter of minutes so you can be driving off in a used car in no time.

Study: Majority of Gen Y prefer hybrids

Hybrid cars and electric vehicles have long been seen as the future, and that may prove to be the case if Generation Y has anything to say about it. A recent study conducted by Deloitte found that 59 percent of Gen Y respondents would prefer an electric vehicle over a traditional car, while 57 percent said the same about a hybrid car.

The survey polled 1,500 people from different populations including baby boomers and members of Generation X. However, it was Gen Y, the group of people born between 1977 and 1990 that were the most likely to turn to an alternative fuel source. Analysts say that their findings could mean big things because the generation comprises one of the largest groups of auto buyers in the country.

"Gen Y consumers also view hybrid technology as proven and reliable," said Craig Giffi, vice chairman and automotive practice leader at Deloitte. "Almost six in 10 Gen Y respondents prefer a hybrid over any other type of vehicle, while a mere two in 100 prefer a pure battery electric vehicle – demonstrating that Gen Y is familiar and comfortable with hybrid technology, but not so much with battery-only technology."

The study found some interesting tidbits regarding how Gen Y feels about the interior features of cars as well. Connectivity proved to be important, with 72 percent saying they would like smartphone applications, while 73 percent would like a car with a touch screen interface.

While hybrid vehicles dominating the market may still be a few years off, members of Gen Y looking for a reliable used car should head to New Jersey State Auto Auction. With a wide variety of makes and models, all at affordable prices, shoppers will certainly be able to find a car that suits their needs.

Different Poll, Different Result: Toyota Tops in Brand Loyalty

A recent J.D. Power study may have found that Hyundai leads the way when it comes to brand loyalty, but by Kelley Blue Book's (KBB) estimates, that's not the case. The company found that Toyota customers were more loyal during the fourth quarter of 2011 than those of any other auto manufacturer.

The results are somewhat of a return to form for Toyota, as it marks the first time since the third quarter of 2003 that the company has found the top spot on KBB's list. Specifically, researchers found that Toyota's brand shopping loyalty was up to 50.6 percent, marking a 2.7 percent jump since the third quarter.

It was that jump toward the end of the year that caused the discrepancy between the two lists. While Hyundai dominated the first three quarters of the year, Toyota came on strong toward the end after shrugging off the effects of the earthquake and tsunami in Japan. Not only that, but its redesign of the Camry seems to have struck a chord with consumers.

"Traditional leaders like Toyota are leaving the problems in the past and looking toward bright futures, while new players such as Hyundai, Kia and Audi remain forces to be reckoned with in the American automotive industry," said Akshay Anand, market intelligence web analyst for kbb.com.

Whether you're looking to maintain your brand loyalty to Toyota, Hyundai or any other manufacturer, New Jersey State Auto Auction is the place to go. The dealer provides a wide variety of makes and models at affordable prices. Additionally, every car is Carfax certified so you know you're getting a good deal.

Herbie the Love Bug Up For Auction

Some of the most famous cars from recent memory have gone up for auction over the last several months, and another one is about to be added to the list. One of the five Volkswagen Beetles used in the Herbie the Love Bug movie franchise is set to go on the block as part of Scottsdale sales, USA Today reports.

The 1963 model was played a significant role in the Disney comedy movies, the first of which, "The Love Bug" hit theaters in 1968. There was a sequel nearly a decade later when "Herbie Goes to Monte Carlo" was released in 1977. The films followed the unlikely ascent of a Beetle through the high speed racing world. There was later a remake, "Herbie Fully Loaded," which was released in 2005.

The nearly 50-year-old automobile gets just 60 horsepower but is expected to bring in a hefty sum for the sellers. According to the publication, experts believe that it could get anywhere from $75,000 to $125,000 when it goes up for auction.

Herbie is certainly not the only car from cinematic history to go up for sale. In December, it was announced that the original General Lee that was used in the popular TV series "Dukes of Hazard" was going to be auctioned off, according to FoxNews.com. That same month, a DeLorean used in "Back to the Future III" sold for more than $540,000.

While not everyone can get behind the wheel of the car from their favorite movie, New Jersey State Auto Auction can help in other ways. With a wide variety of makes and models, you can find the perfect car for you. Additionally, all the models are Carfax certified so you know you're getting a reliable ride.

Tips to Restore Your Credit

The economy may have taken some steps toward recovery in 2011, but for people who suffered a credit setback over the last 12 months, it probably doesn't seem like it. Though it can be tough to build back your credit score, there are a number of ways to go about doing so, and according to Fox News, all it takes is a consistent effort.

One of the best things you can do to rebuild your record is to stay on top of your credit cards. Along with paying back loans and other expenses, keeping the balance on your credit card below 30 percent of your limit (and making payments on time) is one of the easiest ways to climb back to a better score.

In a similar vein, experts stress the benefits of using cash whenever possible. Though it might be tempting to charge purchases here and there, advisers say that using cash more often can be an effective way to give you more breathing room financially.

The news source reports that you should also be sure that your credit report is up to date and free of any errors. If you find any potential mistakes, you can lobby to have them changed, which could help you significantly in the long run.

If you have a bad credit score, it may seem like you may not be able to get an auto loan. However, at New Jersey State Auto Auction, such is not the case. Thanks to a partnership with Credit Acceptance Corporation, New Jersey Auto offers guaranteed approval in just a matter of minutes. That way, you can drive off the lot in a new car and be on your way to restoring your credit.

Age of Cars on the Road Hits Record High

The recession caused a lot of people to become more frugal, and that is especially true when it comes to their cars. As a result, many motorists began to hold on to their vehicles longer than they would have previously, and the trend has apparently continued. Research firm Polk recently found that the average age of vehicles on the road is 10.8 years – an all time high.

The findings highlight a growing trend over the last five years, which has shown that drivers are more likely to invest in auto maintenance than a new car. Additionally, it suggests that they may be more likely to purchase a used car instead of a new one to save money.

When the results are deconstructed, they show that passenger cars experienced just a modest increase in age between June 2010 and June 2011, rising from an average of 11 to 11.1 years. Light trucks, however, made more substantial gains during that time with an increase of age from 10.1 to 10.4 years. While the tendency of drivers to hold on to their vehicles may hurt new car dealerships, it's good news for some other businesses.

"The increasing age of the vehicle fleet, together with the increasing length of ownership, offers significant business growth opportunity for the automotive aftermarket," said Mark Seng, global aftermarket practice leader at Polk.  "Dealer service departments and independent repair facilities, as well as aftermarket parts suppliers, will see increased business opportunity with customers in need of vehicle service."

Any driver looking to hold on to their vehicle longer will want to head to New Jersey State Auto Auction's Total Car Care center to ensure that it gets the service that it needs. The Jersey City location is open to the public and offers everything from repairs to regular maintenance.

Buying a Used Car on Limited Income

For people with a limited income, it may seem like buying a used car is out of the question. Regardless of your current driving situation, getting behind the wheel of a newer vehicle could be just a pipe dream until you have more money coming in. While a restricted budget certainly presents a number of challenges, MSN Autos reports that there are ways around them, it all depends on how wisely you shop.

The most important thing to consider is what type of car you can afford. While some may want to hold out for a new vehicle, buying a used car is likely the better option. Experts say that pre-owned vehicles are as reliable as ever and, depending on how old they are, can include a number of convenient features.

Even 10-year-old cars can be attractive options for people operating on a limited budget. For example, MSN Autos found a 2002 Toyota Camry with about 111,000 miles that was going for $7,000 – certainly an affordable prices for a model widely regarded for its reliability.

The same can be said for minivans. Consumers looking for an affordable method of transporting their family should look into the Chrysler Town and Country. Specifically, the 2003 model fared especially well in terms of affordability and reliability, according to J.D. Power and Associates.

Choosing the right car is only the first step, and sometimes auto financing can be difficult for people with limited means as well, especially if they have poor credit history. However, at New Jersey State Auto Auction, there is no need to worry. Thanks to a partnership with the Credit Acceptance Corporation, New Jersey Auto is able to offer guaranteed credit approval in just a matter of minutes.

Used Car Prices May Rise, Best to Buy Now

Anybody mulling over the purchase of a used car may want to make up their mind quickly. Kelley Blue Book expects prices of pre-owned vehicles to rise during the first quarter of 2012, and now may be the best time to head to New Jersey State Auto Auction to make a purchase.

Though prices have remained relatively flat throughout the first few weeks of the year, experts believe that the trend will not continue. In fact, forecasters say prices could rise as much as 5 percent over the next couple months, so it's best for shoppers to act fast. Certain cars will tend to be a bit more expensive than others, so choosing wisely is especially important as well.

"Consumers eyeing one of the many highly acclaimed redesigned 2011 model-year vehicles for their next used car should be prepared to pay a significant premium," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "For example, the 2011 Chevrolet Cruze and Kia Optima currently maintain a premium higher than 40 percent versus the 2010 model-year counterpart, significantly outperforming the Honda Accord and Toyota Corolla, which weren't redesigned for model-year 2011."

The reason behind the expected price increase lies in the fact that many people are holding onto their vehicles longer than ever rather than trading them in. As a result, supply of used cars has dropped considerably while demand is still high.

Heading to New Jersey State Auto Auction can help remedy both situations. Thanks to it being an AutoTrader.com trade-in marketplace dealer, New Jersey Auto offers its customers the opportunity to get a substantial return on their car. Not only that, but it has a wide variety of makes and models at affordable prices.

Hyundai Tops in Customer Loyalty

Hyundai is having quite a run. Just weeks after winning the coveted North American Car of the Year award for the popular Elantra, a J.D. Power and Associates report found that the manufacturer is at the top of the list when it comes to customer loyalty. Hyundai has a 64 percent retention rate beating out stalwarts of the industry including Honda, Ford and Jeep.

The findings are especially impressive given the fact that Hyundai has been criticized over the last decade for manufacturing unreliable cars. However, officials have made a concerted effort to appeal to customers through initiatives like their Assurance Program, which guarantees buy backs for Hyundai vehicles. Not only that, but the reputation of the brand is changing as well.

"Hyundai's increased retention rate is shaped by its expanding model lineup, as well as the fact that perceptions of the brand’s quality and appeal have continued to improve during the past decade," said Raffi Festekjian, the director of automotive research at J.D. Power and Associates.

The 64 percent retention rate marks a 4 percent jump compared to 2010 and places Hyundai well above the industry average of 49 percent. Ford and Honda came in second place with 60 percent, and BMW and Kia rounded out the top five with 59 percent each.

The study also found that women and young adults are more likely to buy a different brand with their next purchase. Whether you are looking to get behind the wheel of the same make and model or if you're heading in a completely different direction, New Jersey State Auto Auction is the place to go. With a wide selection of used cars at affordable prices, there is something for everybody.