Monthly Archives: May 2016

Tips to Refinance Your Car

Many homeowners make a beeline for home refinancing whenever interest rates drop. Indeed, it is a great option, if you spend a whopping amount on monthly payments, owing to very high interest rates. However, many of them also pay hefty monthly payments on their car loans. What they do not know is that they can also get car refinancing in the same manner. If you choose to go for it, you may be able to save hundreds of dollars every month on car loan repayment and thousands of dollars during the tenure. If you are interested in availing this loan, it is necessary to understand how to go about it.

Tips

Car loan refinancing means paying off your current loan by getting one from another lender at lower interest rates. For example, if you are currently paying USD 500 towards monthly auto loan repayment at an interest rate of 11%, you may get it refinanced at a new interest rate of say 8%. As a result, your monthly payment amount may come down to USD 400. Thus, you can save as much as USD 100 every month. This amount is high, considering the large span over which a loan repayment is spread. Thus, there is no doubt that it is a great money saver option. Follow these steps to proceed with it:

Get in Touch with Your Current Lender
If you have decided to consider this option, get in touch with your existing lender first, and get a quote on the payoff amount. Remember, pay-off amount is not the same as balance in your loan account. Also, check the expiry date of this quote. If you are going to take long for refinancing, then ask for a further date.

Search for an Appropriate Lender
As soon as you are informed about the plummeting interest rates on auto finance, get in touch with various lenders. Compare their rates and check their criteria. You can get interest rates of various lenders on the Internet, as well. Make sure that the APR (annual percentage rate of charge) is low enough for you to land in a profitable situation. Apply only in those money lending institutions, where you have a chance of loan approval. Loan denials can have a bad impact on your credit scores. Hence, it is important to check the criteria before applying. Most lenders will demand a decent credit score to be eligible for it. Refinance with bad credit is also available, but then you might have to approach lenders who specialize in bad credit loans.

Fulfill the Criteria
Collect all important documents such as your vehicle’s registration papers, and be prepared with information, including Vehicle Identification Number (VIN), make and model of your car, year, etc. You may need additional documents, such as your account statement, pay stubs, etc., if you do not have particularly good credit scores. Your debt to income ratio can also be assessed in that case. People with less-than-perfect credit scores need to be more patient, as they have to undergo additional scrutiny. They may also not get very attractive interest rates.

Refinancing may not be for everyone. Hence, make sure that you are a candidate for it, before you apply. For others, this can be a great way to get rid of their financial woes.

Tips for Buying Motorcycle Acessories

If you are passionate about riding and you own a bike, you need to find out the best ways to buy parts and accessories. You need to ensure that you invest in the best products and take good care of your bike so that you can get optimum performance for a long time. You should make sure that you get regular inspection of the motorcycle and replace any worn out parts immediately. Apart from ensuring that the bike is in good condition, you also have to think about your personal safety by wearing the right gear, especially the helmet.

Aftermarket Parts

These are parts manufactured as quality substitutes of the original parts. Just like with the originals, these parts usually have superior performance. There are some aftermarket parts that can offer similar or even higher performance than the originals. It is, however, important to consider the manufacturer to avoid buying brands that do not work with your bike. Many bike enthusiasts prefer the aftermarket parts because they can use them to customize their bikes to suit their specific needs.

Buying Original Parts

When you need to change or replace any motorcycle parts, you should always opt for the original equipment manufacturers. This means that you will get the specific parts that are recommended by the manufacturers. When you buy the new OEM parts, you are guaranteed of superior quality. This means that you will be restoring your bike to a condition that is almost as good as new. These motorcycle parts are often more costly than other options but they are worth the cost for the results you get.

Buying Used Parts

If you are on a tight budget, you can shop for used parts. You can get a range of motorcycle accessories and parts by shopping online. If you decide to choose this option, make sure that you shop from reputable sites. Conduct online research and read online reviews to find out the best places to shop. When buying used parts, make sure that you inspect the products before purchase. There are bike mechanics and dealers who offer good quality used products to their customers.

When shopping for accessories like helmets, you should never compromise on quality. A good helmet can save your life and it is important to shop for brands from reputable manufacturers. You should not underestimate the importance of this product. Do your homework and carry out research to find out the best options in the market.

Top Motorcycle Maintenance Tips

A motorcycle maintained in top form is always a safe one to ride on. Following a set of rules when it comes to the maintenance of motorcycles will help in keeping the vehicle in top form. This will in turn aid in the smooth functioning of the motorcycle making it safe to ride.

Keeping the bike clean and rust free is the most important rule. This is the first step of maintaining the bike. On cleaning a bike you would be paying a lot of attention to the various parts and would easily be able to identify a faulty part. This will help in replacement which improves the ride.

Cleaning of the motorbike can either be done with or without water. When using water it is always wise to use plain water and a soft cloth. One can use a little bit of mild detergent but care must be taken to avoid overuse of soap. This detergent has to be dissolved completely in a bucket of water. It is absolutely not recommended to spray water with pressure because then the water might get into some of the sensitive electrical parts and ruin it. Particular care is to be taken to avoid spraying water into the air filter area.

It is advisable to avoid dissolving the chain lubricant when using detergent because it might get washed and if this happens ensure to lubricate it again before riding. Looking at the tires and wheels can give you indication of excessive wear and tear which needs to be replaced at once.

The surface of the bike is prone to damage on exposure to the sun and various chemicals therefore it is better to apply a wax coat over the painted surface. The availability of thin-film covers in the market made of urethane clear membranes helps reduce damage caused. This will also give the bike a glossy look preventing the yellowing of the bike with age.

Polishing the bike with wax requires a lot of consideration. The wax polish needs to be resistant to high temperature because the machine working expels heat. Care has to be taken to choose chrome resistant polish on chrome surfaces to prevent damage and scratching on the chrome based areas.

Plastics and vinyl parts need to be cleaned using particular products intended for that purpose. Using of petrol for cleaning purposes is not recommended at all. Ensure the protection of your bike by covering it completely when not in use.

 

Tips on Maintaining Your Motorcycle

When winter comes and cold weather begins to set in, that is the time to think about getting your motorcycle stored for the winter.  You may not even be planning to store you motorcycle for the winter because you’ve made the decision that you’ll be riding throughout the winter. Regardless of your reason for either storing it or not storing it, there are some great tips for caring for your motorcycle throughout the winter.  The steps indicated below should only take you a few hours and when you’re finished you will have done your part keeping your motorcycle in great mechanical condition and looking great.

One of the more important steps is to make sure that the fuel system has been prepared by draining and conditioning it.  One method for doing so would be to add a fuel stabilizer additive one you have drained the fuel level down to an adequate point.  When you have the stabilizer added, start your motorcycle and let it run for 5 to 10 minutes.  This will allow the additive to circulate through the fuel system in order to properly treat it.  Just fill your motorcycle up with fresh clean gas the next time you are ready to ride.

Another important step will be to clean your bike as best as possible from top to bottom.  Chances are pretty good that there has been an accumulation of dirt and grime on your motorcycle over the riding season so you may want to use a de-greasing solution to remove any grime that has accumulated.  This includes the breaks and suspension.  You should also clean the brake calipers and re-lubricate when done in order to keep your breaks working properly.

After you have completely cleaned off and dried your motorcycle, you’ll want to lubricate any necessary components that require it.  Cover the brakes, both the calipers and the discs, so that they are protected while you complete this task.  There are tons of joints and pivot points on your motorcycle so you’ll want to make sure all of them are properly lubricated.  If you’re not sure which type of lubrication to use, then you can simply use a chain lube if you have one handy.  Also, if you’re worried about corrosion, then you may consider using a corrosion treatment for those parts that may need it.

Once you’ve completely wiped down the surface of your bike, you can coat and polish the surface with wax.  Make sure that you do not wax the brakes.

Make sure that the tires are not sitting on the cold ground.  You can do so by using a motorcycle stand which work great for this purpose.  If you don’t have one available, then you can simply use a set of wood blocks or anything that will protect your tires from the cold surface.

One way that you can protect the battery and prevent yourself from having to buy a new one is by using a batter tender.  It will help protect your battery and keep it fresh throughout the winter.

The last tip for caring for your motorcycle over the winter months is to keep it covered in order to protect it from dirt and dust.  This will help keep it clean and looking great when it is time to get out and ride again.

If you don’t plan on riding your motorcycle for a long period of time, then you may want to make use of these few simple tips in order to keep your motorcycle in tip top shape for the next riding season.  Caring for your bike now and taking care of the little things can end up saving you a lot of money in the long run.