Daily Archives2017 February 26

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Owning your own car is not just a luxury, but it is a necessity that most people must have, including those people with bad or damaged credit. You need your car in order to get to work, go shopping, and to take your kids to school. However, there are many people out there with credit scores that keep them from getting the financing that they need in order to buy the car that they need. If your credit score is below 500, you have what is known as horrible credit, and traditional financing options that are available to you are scarce or even non-existent. The good news is that while you need to work on rebuilding or repairing your credit file, there are lenders who will take a chance on you with damaged credit, even for those borrowers whose credit scores are below 500.

Less Worry About FICO Score

These lenders worry less about your FICO score and look more at what really matters to them – your ability to repay them when they loan you the money to buy a car. These types of bad credit car loan servicers are accustomed to dealing with those who have bad credit, and in their eyes, the car itself stands as collateral for the loan. This means that the lender looks at factors like your length of time at our current job and the amount of pay that you receive for doing that job. They also take into consideration your other income, or income that other people in your home receive. For this reason, it is always best to include the income that your spouse brings into the home when you apply for your car loan for bad credit.

Interest Rates To Expect With Bad Credit Car Loans

Be prepared for a bit of a surprise when the lender informs you about the interest rates that you will pay on a bad credit car loan. Because you have had negligent credit in the past, the lender will likely assess a higher rate of interest than he would for a borrower with good credit, and this is done to offset his risks. You can reduce the rate of interest that you will pay in one of two ways. First of all, you can apply a down payment to the purchase price of the car that you want to finance under the bad credit car loan.

Any type of down payment that you can produce will help lower your rate of interest, so even if you pay only 10% or even less down on the car, you will get a lower rate of interest and that, in turn, will cause the loan to cost less and have the bonus benefit of making your monthly payments smaller. Secondly, you can apply for the bad credit car loan with the help of a cosigner who has good credit. Having a cosigner can significantly reduce the amount of interest that you are charged on your loan.

Bad Credit Car Loans Can Improve Credit Score

Once you have been approved for your bad credit car loan, become a good steward of the credit that has been extended to you by making timely monthly payments. Many people that take out these types of bad credit car loans find that they are able to improve their credit scores, which can have the ripple effect of reducing the interest that you are charged on subsequent loans in the future, and opening the door for you to obtain other types of credit.

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Source by Jess Peterson

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This article highlights the problem of LPG, which is being alleviated by increasing availability. It talks about the drawbacks of the availability issue and also details solutions, giving situations and recommendations for converting to LPG.

Currently up-take of LPG amongst consumers is quite low, with about 120,000 LPG cars out of a total of about 26 million cars on our roads. This figure is however, always increasing.

A reason for the low up-take could be a lack of availability of LPG, which in some areas is poor. With only about one tenth of the UK’s service stations stocking LPG, it can be difficult to fill up your car in some areas but this is also ever expanding with more and more LPG stations popping up over the country. There are currently on-going campaigns to make LPG more widely available and easily accessible, which should help LPG reach you and your area.

Obviously, in order to be truly cost efficient you’ll need to have an LPG station near you but if your nearest LPG station is miles away then there are also the environmental benefits to consider as these alone are part of the attractiveness of LPG. With LPG stations opening daily, LPG is becoming an extremely attractive and cost effective option for many drivers, especially high mileage and fuel thirsty cars.

Although the major car manufacturers are not producing LPG cars, you can easily modify a petrol engine to run on LPG.

Check out the availability of LPG near you at http://www.fuelture.com/wrapper/Find-LPG-stations-in-your-area/

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Source by Daniel Muir

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So you’re interested in drifting and want to start competing. Well before you can begin to compete you need to have a car that can compete.

This can be a problem. If you where anything like me when I started out, you don’t have the cash to build a Formula D level slide machine. So what do you do? Well, do what I did; build a drift car on a budget!

The first step is finding a good platform to start with. This can be a challenge with all the different cars that are used in the drifting world. But I have a few solid rules that you can follow that will help make your decision a lot easier.

First, you will want something driftable. By saying driftable, I’m talking about how it needs to have the essential characteristics of a drift car. You will NEED to find a car that has rear wheel drive (RWD), and a manual transmission. Don’t go out and find something with a automatic transmission or for some reason front wheel drive (FWD) and say “I can just do a tranny swap” or “I can do a RWD conversion”. DON’T! This is NOT WORTH THE EFFORT, PERIOD! The purpose is to build a drift car for as cheap as possible and as quick as possible so that you can be on the track drifting as soon as possible.

Second, you want it to be cheap. I set a budget of $1000. I know plenty of people that found a car for less but they got lucky. I set my budget of $1000 for a running driving car that I could build into something that would be competitive. Along with the price of the car being cheap, you want parts to be cheap. You want a vehicle that has a strong aftermarket following and an abundance of spare parts that are easy to find and cheap.

And third, you will want a vehicle you aren’t in love with. In the world of drifting, you will make mistakes, you will have accidents, and you will crash. Therefore you want something that you will be willing to take to the edge and past in order to improve your skills. Too many times I’ve seen people that are afraid to push themselves and there car because they’re afraid of crashing. To be able to learn and improve you can’t be thinking about crashing, you need to be thinking about how you can better your technique. You can’t be afraid of crashing, it’s inevitable so deal with it.

I chose a 1992 Nissan 240sx for several reasons. They’re cheap, they have a huge aftermarket following, parts from other Nissans are bolt-on upgrades, and the 2.4L DOHC (KA24DE) engine is tough and loaded with torque.

Cars I would recommend are the Nissan 240sx S13 and S14, Mazda Miata MX-5 (any year), Toyota Supra (I recommend the older body style of the early 90s), Mazda Rx7, and the Toyota Cressida. Or if your into domestics you can go with the Ford Mustang, or any other cheap abundant RWD car.

Up next “Drift Car On A Budget: Part 2, The Essential Mods”.

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Source by Chip Szalewski

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Because they look cool right! The performance benefits of custom wheels should be your answer. In the 1950s and 1960s race car drivers developed lighter magnesium wheels to reduce weight and enhance performance in all form of racing. They were called Mags by the racers, a term still widely used today. However, most magnesium wheels were far to fragile for daily street use. Plus magnesium oxidizes very quickly and require frequent polishing. Magnesium wheels used in modern race cars are often forged to make them stronger and reduce weight. As a result contemporary forged magnesium custom wheels are very expensive. The oxidization problem is the reason you don’t see contemporary custom wheels made of magnesium.

Fortunately for the custom wheel market today manufacturers developed light weight aluminum alloy wheels that provide the strength needed and come in numerous finish options while reducing wheel weight. Trendy wheel finishes include chrome and polished aluminum, plus painted aluminum alloy come in hyper-silver, silver, white, black, gray and Anthracite. While many of us choose aftermarket custom wheels for their good looks, there are many important performance benefits resulting from reducing a wheels weight compared to factory steel wheels.

The additional strength of a custom alloy wheels can notably reduce tire deflection and tire rollover while cornering. You also get increased brake cooling with custom alloy wheels because aluminum alloy is a great conductor of heat. The large mass of the aluminum wheels help dissipate heat from the brakes. The open design of 5 spoke and 6 spoke custom wheels allow more air flow over the brakes cooling them as you drive in city traffic.

One of the most significant factors affecting a car, truck or SUV road holding ability is the reduced weight of custom aluminum alloy wheels over factory steel wheels. By reducing weight, custom wheels provide improved acceleration and braking. You must also be careful not to exceed the design weight of the original wheels and have the reverse effect by adding larger wheels and tires or aluminum alloy wheels that are gravity cast. Gravity cast aluminum alloy custom wheels are cheaper but heavier and prone to bending. Look for aluminum wheels that are either low pressure cast or forged, they cost more but will reduced weight and adds strength.

Keep in mind that sizing up or adding larger wheels and tires will actually add weight. So plus sizing should be done the proper way. By using a larger diameter wheel with a lower profile tire it’s possible to properly maintain the overall original diameter of your wheel and tire. It’s important to keep your new custom wheels within 3 percent of the original equipment. Differences larger than 3 percent can cause problems with transmission shift points which can decrease fuel mileage. It can also confuse braking system computers, reduce ride comfort and cornering capability. Go for wider rather than taller wheel – tire diameters, the results is a larger contact patch and a sportier look.

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Source by Steven Farber