How To Approach You Car Selling

Selling a used car to the best car buyer in order to get a reasonable amount against the sale of your car is an art. Many people do not know the art of how to sell a car smartly and simply hire the car dealer to sell the car. Like everything has pros and cons, same is the case with hiring the services of any car dealer. The benefit of hiring the services of such a professional entity is that you can keep yourself saved from the hassle of finding the best vehicle buyer worthy of paying the expected amount. Moreover, you will not be involved in the procedure of negotiation for the selling price. However, it has been usually noticed that if you ask the services of any car dealer without knowing the worth of your used car then he may commit less selling price to increase his profit. Hence, to avoid such a situation, it is recommended to prefer the below-mentioned two approaches:

• Find a reliable vehicle dealer on whom you can trust. For this, you can consider online reviews of old vehicle sellers, who preferred a dealer to sell a used car and got a good price.
• Find out the worth of your car before contacting any dealer to get the real price by selling your car to any best vehicle buyer. For this purpose, you can contact any car expert or mechanic.

However, in case you neither want to involve any car dealer to sell your car nor want to make effort on your own then you can contact any professional entity, which claims we buy any car. Such entities not only provide you the actual value of your car based on its registration number but also buy any vehicle of any make and model even if it is damaged. Hence, contacting such an entity is beneficial if your car is damaged and is unable to get you a good price. In such a scenario, it will be worthy to sell you car to any automobile professionals instead of asking any individual best car buyer to buy my car now.

Last option is to sell your automobile on your own to a private best car buyer. With this approach, you will be able to make good money by doing some efforts. The systematic approach to sell a used vehicle on your own is as follows:

• Find the actual value of your car.
• If your car value is according to your expectation and you do not want to make any other effort then advertise to sell your automotive. However, in case, the value of your car is less than your expectation then it is the time to increase its worth before selling it to any best car buyer.

• Increasing the value of your vehicle is not a big issue, as in this, you will have to focus on the interior and exterior of your car. Keep in mind that if the handle of your car window is not working or the exterior of your car got faded colors then definitely the car buyer will not pay more money. You need to understand that every car buyer keeps the margin of repair in his mind before paying the price to the car seller.
• Repair your car, attend the potential vehicle buyers, and choose the right one to sell your car.

Tips About Car Tuning You Should Know

Having a luxurious car like Jaguar, Aston Martin, Bentley, Ferrari or Lamborghini in itself is the matter of proud for their owners because these vehicles are not just cars but the symbol of power, comfort and luxuriousness mounted in one unit. There would be hardly owner of such cars who will intend to go for any modification in his beloved car, but interestingly in recent years, it is witnessed that the generation next owners of these cars are not satisfied with the features that are packed by their respective car makers in their vehicles.

These generation next car drivers are always in hunt of such techniques that are helpful in deriving much from their powerful giants. Interestingly, going through this craze now day’s trend of car tuning has gained huge popularity across the world, facilitating the car owners to enjoy enhanced performance of their car to its full extent.

What is car tuning: In the simple words car tuning may be defined as the method of modifying certain features of the car depending upon your requirements and preferences. This might surprise to most of the car owners, including both expert and novice drivers, there are various components in a car which can be modified depending upon the choice of the car owner. Some of the common components which can be modified are spoilers, air vents, engine, wheels which can be tuned depending upon the requirements of the car owner.

In other words, it can be said tuning the car facilitates the car owner to personalize the car get more from it by making it compatible to his needs. For instance, if following the trend of buying an expensive luxurious car you bought a car with an engine configuration of 4.0 litre, but after some time you realize that you are not able to cater its fuel requirement on driving it regularly. By tuning the car you can change its engine configuration to 2.0 litre and enjoy not only its regular drive, but also notice the huge savings on fuel investment.

Factors to consider before getting your car tuned: Although the fashion of tuning the car is flourishing at jet dynamic speed across the world, especially among the youth. But, it doesn’t mean that following the blind race you also join the team and found yourself cheated after driving it. Therefore, to avoid any such problem in future it would be better to get yourself acquainted with complete knowledge related to the subject. But now the question arises from where you can get your doubts cleared from? For this you can consider the following factors:

1. Forums: As referred above today as the trend of car tuning has gained huge popularity among the car enthusiasts, there are various online forums which are assisting the novice drivers in making them aware about the benefits of car tuning and teaching them about the whole fuss of the process. Joining these forums will help in getting all your doubts cleared by experts and also you will get the feedback from the car owners having the car tuned according to their requirements.

2. Seeking the help of an expert: Consulting an expert will help you in broadening your knowledge about car tuning in a much better way. Contacting an expert will benefit you in having the face to face interaction with him and discussing your doubts in a broader way. Moreover, going through the condition of your car the expert will be able to suggest you necessary modifications that could be implemented on your car.

3. Going through the literature: If you have enough time with you then the best way is to read the available literature on the car tuning and not only broaden your knowledge but also develop yourself as an expert of tuning the car. Although it will be a time-consuming project, but doing this will undoubtedly clear your all doubts. Moreover, after reading the available literature you might even be able to tune your car at your end. As now a days there are various car modifiers that offer do it yourself chip for car tuning which can be activated by connecting with on board diagnostic port.

 

Guide To Buying Car For Women

Buying a new car, or a car that’s new to you, can be a minefield. Women are traditionally vulnerable to con men when buying cars, taking their cars for a service or anything else related to motoring for that matter. Although we’d like to think that times have changed, and in the most part they have, there are still car sales people waiting for an innocent looking female to trot through the door. This applies to men too, so don’t be offended! At CoverGirl Car Insurance we want you to get the best deal, cheap insurance and above all a great car. So, we’ve compiled a concise guide to what can be one of the most expensive purchases you’ll have to make.

The first thing you will need to do is decide whether you want a new or used car. You probably have a make and model in mind already, so it’s best to do as much research into the car as possible. You can look in trade guides and on the internet to get some ideas about the production and engineering of your desired car. If you go to the dealer armed with this information then you will know what to look for and will know about any parts of the car that are particularly expensive to replace. Whilst doing your research you could also look out for any common problems with your car. For example certain vehicles have notoriously bad electrics and you could be left having to pay a large bill to have them repaired.

So what’s the best bet, new or used?

Buying a new car

Buying a new car gives you the peace of mind that your car hasn’t been rescued from an accident and ‘cut and shut’ (more about this later). Plus you don’t have to worry about service history and recurring problems.

If you decide to buy a new car then you have three options. You can either buy from dealership, from a broker or by personal import from Europe. There are pros and cons to each option so you should look carefully at each to decide what’s best for you. The benefits and pitfalls of each are as follows:

Dealership: Many dealers offer cheap finance schemes with frequent special offers, you can take the car for a test drive and you also may be able trade in your existing car. This is often a more expensive option so it’s worth looking around.

Broker: It is often cheaper to buy through a broker and relatively easy to organise. You may not be able trade your car in.

Personal imports from Europe: Cheaper in the majority of cases. However this is not the easiest way to buy a car. You’ll have to put in quite a bit of work.

What to check when you collect your car
We advise that you check your new car over before you drive off the forecourt. There are a few key things to check:

o That you’ve got a copy of the dealers pre-delivery inspection form

o Check that all lights, electrics, sound systems, alarms, door locks and windscreen wipers work

o Check for any scratches and check that there is no damage to the interior

o Check you’ve got the spare tyre and any tools that are supposed to come with the car

o Make sure you’ve got the manual and service book

Buying a used car

When you buy a used car there are a few more pitfalls to look out for but you can bag yourself a bargain if you look in the right place. It can also be great fun deciding whether you want a sexy classic like an Alfa Romeo Spider or a bargain run-around like a Ford Ka. Whether you chose to buy from a dealer or from the private market you’ll need see the history of the car. This is really important. You can either buy from a franchised dealer, a used car dealer or privately. Here are some of the pros of buying from each:

Franchised dealer: One of the safest places to buy a car. You’ll get a great choice from a franchise. You can get used or nearly new cars. A franchised dealership also might know the entire history of the car. They will also provide you with a warranty, so if anything goes wrong you can take it back and they will fix it.

Used car dealer: They will usually have checked that there is no bad history or outstanding finance. Most dealers have an excellent reputation but you should exercise some caution and again, do your own research about the type of car you’ve chosen. You will usually get at least a 3 month warranty from a used car dealer. But check to see what it covers. Service items like tyres, exhausts and brake pads are not usually covered.

Private purchase: Best place for an excellent bargain. This is the riskiest way to buy a car as the car could have been involved in an accident, and might not belong to the seller. You should ask to meet at the sellers’ home or work and ask the following questions:

1. Is it your car?

2. Has the car ever been in an accident?

3. Can I have a signed receipt?

‘Cut and shut’, counterfeit parts, car ringing and clocking

Unfortunately there are many unscrupulous people out there wanting to make a buck out of the innocent car buyer. Some of the tactics undertaken by an unethical minority leave drivers with dangerous, illegal and unreliable cars. Many cars are stolen and sold on or taken from accidents and patched up to look like new. The following are some ploys that con men use to cheat the buyer:

‘Cut and Shut’

This is when two cars are taken from a scrap yard after write off accidents and welded together. This is extremely dangerous and potentially difficult to spot. Look for mismatched panels, traces of paint on window seals and door handles, mismatched upholstery and signs of serious repair work. It is very difficult to spot a cut and shut but it’s worth a closer inspection in case the person who carried out the work has cut corners.

Counterfeit parts

These are fraudulent copies of genuine manufacturer branded components. They are intended to deceive motorists and can be incredibly realistic. They are however not intended to be safe. Their makers don’t care about the potential safety threat to future drivers. They have started to make fake brake pads, discs and steering linkages. All of these could cause fatal accidents if they go wrong. You probably won’t have the opportunity to check parts before they are fitted to your new car, but it is something you should be aware of when buying a second hand vehicle.

‘Car ringing’

This is where a stolen car has its identification number changed. The vehicle identification number is taken from vehicles that have been written off in an accident. By forging these details thieves can pass off stolen cars as the genuine article to innocent car buyers. Once you’ve paid for a ‘ringer’, it’s too late. It does not belong to you and if it is traced it will be returned to the original owner, so you will lose out considerably. You can look out for this by checking all documents to see if they look forged. If there is little or no paperwork you should also be suspicious.

‘Car clocking’

This is when the car’s odometer is reduced to make it look as if the car has not done as many miles as it has. This makes cars look more valuable than they are. If the mileage of a car looks suspiciously low you should look for other tell tale signs such as wear and tear to the pedal rubbers and seats.

All of the above are seriously detrimental to the buyer and will leave you with a stolen, dangerous or faulty vehicle. If you have any doubts it is advisable to get an independent vehicle inspector to check the car before you buy it. This will avoid any potential fraud and will eliminate the risk to you.

Good luck!

Buying a car should be fun. You could end up with the car of your dreams – if you follow our guide. It really is worth checking for any discrepancies before you make the purchase. There are many ways to check the history and safety of the car so it’s easy to do and worth it in the long term.

 

Understanding Car Rental Industry

Market Overview

The car rental industry is a multi-billion dollar sector of the US economy. The US segment of the industry averages about $18.5 billion in revenue a year. Today, there are approximately 1.9 million rental vehicles that service the US segment of the market. In addition, there are many rental agencies besides the industry leaders that subdivide the total revenue, namely Dollar Thrifty, Budget and Vanguard. Unlike other mature service industries, the rental car industry is highly consolidated which naturally puts potential new comers at a cost-disadvantage since they face high input costs with reduced possibility of economies of scale. Moreover, most of the profit is generated by a few firms including Enterprise, Hertz and Avis. For the fiscal year of 2004, Enterprise generated $7.4 billion in total revenue. Hertz came in second position with about $5.2 billion and Avis with $2.97 in revenue.

Level of Integration

The rental car industry faces a completely different environment than it did five years ago. According to Business Travel News, vehicles are being rented until they have accumulated 20,000 to 30,000 miles until they are relegated to the used car industry whereas the turn-around mileage was 12,000 to 15,000 miles five years ago. Because of slow industry growth and narrow profit margin, there is no imminent threat to backward integration within the industry. In fact, among the industry players only Hertz is vertically integrated through Ford.

Scope of Competition

There are many factors that shape the competitive landscape of the car rental industry. Competition comes from two main sources throughout the chain. On the vacation consumer’s end of the spectrum, competition is fierce not only because the market is saturated and well guarded by industry leader Enterprise, but competitors operate at a cost disadvantage along with smaller market shares since Enterprise has established a network of dealers over 90 percent the leisure segment. On the corporate segment, on the other hand, competition is very strong at the airports since that segment is under tight supervision by Hertz. Because the industry underwent a massive economic downfall in recent years, it has upgraded the scale of competition within most of the companies that survived. Competitively speaking, the rental car industry is a war-zone as most rental agencies including Enterprise, Hertz and Avis among the major players engage in a battle of the fittest.

Growth

Over the past five years, most firms have been working towards enhancing their fleet sizes and increasing the level of profitability. Enterprise currently the company with the largest fleet in the US has added 75,000 vehicles to its fleet since 2002 which help increase its number of facilities to 170 at the airports. Hertz, on the other hand, has added 25,000 vehicles and broadened its international presence in 150 counties as opposed to 140 in 2002. In addition, Avis has increased its fleet from 210,000 in 2002 to 220,000 despite recent economic adversities. Over the years following the economic downturn, although most companies throughout the industry were struggling, Enterprise among the industry leaders had been growing steadily. For example, annual sales reached $6.3 in 2001, $6.5 in 2002, $6.9 in 2003 and $7.4 billion in 2004 which translated into a growth rate of 7.2 percent a year for the past four years. Since 2002, the industry has started to regain its footing in the sector as overall sales grew from $17.9 billion to $18.2 billion in 2003. According to industry analysts, the better days of the rental car industry have yet to come. Over the course of the next several years, the industry is expected to experience accelerated growth valued at $20.89 billion each year following 2008 “which equates to a CAGR of 2.7 % [increase] in the 2003-2008 period.”

Distribution

Over the past few years the rental car industry has made a great deal of progress to facilitate it distribution processes. Today, there are approximately 19,000 rental locations yielding about 1.9 million rental cars in the US. Because of the increasingly abundant number of car rental locations in the US, strategic and tactical approaches are taken into account in order to insure proper distribution throughout the industry. Distribution takes place within two interrelated segments. On the corporate market, the cars are distributed to airports and hotel surroundings. On the leisure segment, on the other hand, cars are distributed to agency owned facilities that are conveniently located within most major roads and metropolitan areas.

In the past, managers of rental car companies used to rely on gut-feelings or intuitive guesses to make decisions about how many cars to have in a particular fleet or the utilization level and performance standards of keeping certain cars in one fleet. With that methodology, it was very difficult to maintain a level of balance that would satisfy consumer demand and the desired level of profitability. The distribution process is fairly simple throughout the industry. To begin with, managers must determine the number of cars that must be on inventory on a daily basis. Because a very noticeable problem arises when too many or not enough cars are available, most car rental companies including Hertz, Enterprise and Avis, use a “pool” which is a group of independent rental facilities that share a fleet of vehicles. Basically, with the pools in place, rental locations operate more efficiently since they reduce the risk of low inventory if not eliminate rental car shortages.

Market Segmentation

Most companies throughout the chain make a profit based of the type of cars that are rented. The rental cars are categorized into economy, compact, intermediate, premium and luxury. Among the five categories, the economy sector yields the most profit. For instance, the economy segment by itself is responsible for 37.7 percent of the total market revenue in 2004. In addition, the compact segment accounted for 32.3 percent of overall revenue. The rest of the other categories covers the remaining 30 percent for the US segment.

Historical Levels of Profitability

The overall profitability of the car rental industry has been shrinking in recent years. Over the past five years, the industry has been struggling just like the rest of the travel industry. In fact, between the years 2001 and 2003 the US market has experienced a moderate reduction in the level of profitability. Specifically, revenue fell from $19.4 billion in 2000 to $18.2 billion in 2001. Subsequently, the overall industry revenue eroded further to $17.9 billion in 2002; an amount that is minimally higher than $17.7 billion which is the overall revenue for the year 1999. In 2003, the industry experienced a barely noticeable increase which brought profit to $18.2 billion. As a result of the economic downturn in recent years, some of the smaller players that were highly dependent on the airline industry have done a great deal of strategy realignments as a way of preparing their companies to cope with eventual economic adversities that may surround the industry. For the year 2004, on the other hand, the economic situation of most firms have gradually improved throughout the industry since most rental agencies have returned far greater profits relative to the anterior years. For instance, Enterprise realized revenues of $7.4 billion; Hertz returned revenues of $5.2 billion and Avis with $2.9 billion in revenue for the fiscal year of 2004. According to industry analysts, the rental car industry is expected to experience steady growth of 2.6 percent in revenue over the next several years which translates into an increase in profit.

Competitive Rivalry Among Sellers

There are many factors that drive competition within the car rental industry. Over the past few years, broadening fleet sizes and increasing profitability has been the focus of most companies within the car rental industry. Enterprise, Hertz and Avis among the leaders have been growing both in sales and fleet sizes. In addition, competition intensifies as firms are constantly trying to improve their current conditions and offer more to consumers. Enterprise has nearly doubled its fleet size since 1993 to approximately 600,000 cars today. Because the industry operates on such narrow profit margins, price competition is not a factor; however, most companies are actively involved in creating values and providing a range of amenities from technological gadgets to even free rental to satisfy customers. Hertz, for example, integrates its Never-Lost GPS system within its cars. Enterprise, on the other hand, uses sophisticated yield management software to manage its fleets.

Finally, Avis uses its OnStar and Skynet system to better serve the consumer base and offers free weekend rental if a customer rents a car for five consecutive days Moreover, the consumer base of the rental car industry has relatively low to no switching cost. Conversely, rental agencies face high fixed operating costs including property rental, insurance and maintenance. Consequently, rental agencies are sensitively pricing there rental cars just to recover operating costs and adequately meet their customers demands. Furthermore, because the industry experienced slow growth in recent years due to economic stagnation that resulted in a massive decline in both corporate travel and the leisure sector, most companies including the industry leaders are aggressively trying to reposition their firms by gradually lessening the dependency level on the airline industry and regaining their footing in the leisure competitive arena.

The Potential Entry of new Competitors

Entering the car rental industry puts new comers at a serious disadvantage. Over the past few years following the economic downturn of 2001, most major rental companies have started increasing their market shares in the vacation sector of the industry as a way of insuring stability and lowering the level of dependency between the airline and the car rental industry. While this trend has engendered long term success for the existing firms, it has heightened the competitive landscape for new comers. Because of the severity of competition, existing firms such as Enterprise, Hertz and Avis carefully monitor their competitive radars to anticipate Sharpe retaliatory strikes against new entrants. Another barrier to entry is created because of the saturation level of the industry.

For example, Enterprise has taken the first mover advantage with its 6000 facilities by saturating the leisure segment thereby placing not only high restrictions on the most common distribution channels, but also high resource requirements for new firms. Today, Enterprise has a rental location within 15 miles of 90 percent of the US population. Because of the network of dealers Enterprise has established around the nation, it has become relatively stable, more recession proof and most importantly, less reliant on the airline industry compared to its competitors. Hertz, on the other hand, is utilizing the full spectrum of its 7200 stores to secure its position in the marketplace. Basically, the emergence of most of the industry leaders into the leisure market not only drives rivalry, but also it varies directly with the level of complexity of entering the car rental industry.

The Threat of Substitute

There are many substitutes available for the car rental industry. From a technological standpoint, renting a car to go the distance for a meeting is a less attractive alternative as opposed to video conferencing, virtual teams and collaboration software with which a company can immediately setup a meeting with its employees from anywhere around the world at a cheaper cost. In addition, there are other alternatives including taking a cab which is a satisfactory substitute relative to quality and switching cost, but it may not be as attractively priced as a rental car for the course of a day or more. While public transportation is the most cost efficient of the alternatives, it is more costly in terms of the process and time it takes to reach one’s destination. Finally, because flying offers convenience, speed and performance, it is a very enticing substitute; however, it is an unattractive alternative in terms of price relative to renting a car. On the business segment, car rental agencies have more protection against substitutes since many companies have implemented travel policies that establish the parameters of when renting a car or using a substitute is the best course of action.

According to Tracy Esch, an Advantage director of marketing operations, her company rents cars up to a 200-mile trip before considering an alternative. Basically, the threat of substitute is reasonably low in the car rental industry since the effects the substitute products have do not pose a significant threat of profit erosion throughout the industry.

The Bargaining Power of Suppliers

Supplier power is low in the car rental industry. Because of the availability of substitutes and the level of competition, suppliers do not have a great deal of influence in the terms and conditions of supplying the rental cars. Because the rental cars are usually purchased in bulk, rental car agents have significant influence over the terms of the sale since they possess the ability to play one supplier against another to lower the sales price. Another factor that reduces supplier power is the absence of switching cost. That is, buyers are not affected from purchasing from one supplier over another and most importantly, changing to different supplier’s products is barely noticeable and does not affect consumer’s rental choices.

The Bargaining Power of Buyers

While the leisure sector has little or no power, the business segment possesses a significant amount of influence in the car rental industry. An interesting trend that is currently underway throughout the industry is forcing car rental companies to adapt to the needs of corporate travelers. This trend significantly reduces supplier power or the rental firms’ power and increases corporate buyer power since the business segment is excruciatingly price sensitive, well informed about the industry’s price structure, purchase in larger quantities and they use the internet to force lower prices. Vacation buyers, on the other hand, have less influence over the rental terms. Because vacationers are usually less price sensitive, purchase in lesser amounts or purchase more infrequently, they have weak bargaining power.

Five Forces

Today the car rental industry is facing a completely different environment than it did five years ago. Competitively speaking, the revolution of the five forces around the car rental industry exerts some strong economic pressure that has significantly tarnished the competitive attractiveness of the industry. As a result of the economic downturn in recent years, many companies went under namely Budget and the Vanguard Group because their business infrastructure succumbed to the untenability of the competitive environment. Today, very few firms including Enterprise, Hertz and Avis return a slightly above-average revenue compared to the rest of the industry. Realistically speaking, the car rental sector is not a very attractive industry because of the level of competition, the barriers to entry and the competitive pressure from the substitute firms.

Strategic Group Mapping

As a moderately concentrated sector, there is a clear hierarchy in the car rental industry. From an economic standpoint, disparities exist from a number of dimensions including revenue, fleet size and the market size each firm holds in the market place. For instance, Enterprise dominates the industry with a fleet size of approximately 600,000 vehicles along with its market size and its level of profitability. Hertz comes in second position with its number of market shares and fleet volume. In addition, Avis ranks third on the map. Avis is among one of the companies that is having issues recovering its revenue margins from prior to the economic downturn. For instance, in 2000 Avis returned revenues of approximately $4.23 billion. Over the course of the next several years following 2000, the revenue of Avis has been significantly lower than that of 2000. As a way of reducing uncertainty most companies are gradually lessening the level of dependency on the airline industry and emerging the leisure market. This trend may not be in the best interest of Hertz since its business strategy is intricately linked to the airports.

Key Success Factors

There are many key success factors that drive profitability throughout the car rental industry. Capacity utilization is one of the factors that determines success in the industry. Because rental firms experience loss of revenue when there are either too few or too many cars sitting in their lots, it is of paramount importance to efficiently manage the fleets. This success factor represents a big strength for the industry since it lowers if not completely eliminates the possibly of running short on rental cars. Efficient distribution is another factor that keeps the industry profitable. Despite the positive relationship between fleet sizes and the level of profitability, firms are constantly growing their fleet sizes because of the competitive forces that surround the industry. In addition, convenience is one of the crucial attributes by which consumers select rental firms. That is, car rental consumers are more prone to renting cars from firms that have convenient rental and drop off locations. Another key success factor that is common among competing firms is the integration of technology in their business processes. Through technology, for instance, the car rental companies create ways to meet consumer demand by making renting a car a very agreeable ordeal by adding the convenience of online rental among other alternatives. Furthermore, firms have integrated navigation systems along with roadside assistance to offer customers the piece of mind when renting cars.

Industry Attractiveness

There are many factors that impact the attractiveness of the car rental industry. Because the industry is moderately concentrated, it puts new market entrants at a disadvantage. That is, its low concentration represents a natural barrier to entering the industry as it allows existing firm to anticipate sharp retaliations against new entrants. Because of the risks associated with entering the industry among other factors, it is not a very attractive sector of the marketplace. From a competitive standpoint, the leisure market is 90 percent saturated because of the active efforts of Enterprise to dominate this sector of the market. On the other hand, the airport terminals are heavily guarded by Hertz. Realistically speaking, entry in the industry offers low profitability relative to the costs and risks associated. For most consumers, the main determining factors of choosing one company over another are price and convenience. Because of this reason, rental firms are very circumspect about setting their rates and that generally force even the industry major players in the position of offering more to the consumers for less just to remain competitive. Hertz, for example, offers wireless internet to its customers just to add more convenience to their travel plans. Avis on the other hand, offers free weekend specials if a customer rents a car for five consecutive weekdays. Based on the impact of the five forces, the car rental sector is not a very attractive industry to potential new market entrants.

Conclusion

The rental car industry is in a state of recovery. Although it may seem like the industry is performing well financially, it is nonetheless gradually regaining its footing relative to its actual economic position within the last five years. As a way of insuring profitability, besides seeking market shares and stability, most companies throughout the chain have a common goal that deals with lowering the level of dependency on the airline industry and moving toward the leisure segment. This state of motion has engendered some fierce competition among industry competitors as they attempt to defend their market shares. From a futuristic perspective, the better days of the car rental industry have yet to come. As the level of profitability increases, I believe that most of the industry leaders including Enterprise, Hertz and Avis will be bounded by the economic and competitive barriers of mobility of their strategic groups and new comers will have a better chance of infiltrating and realizing success in the car rental industry.

 

Things You Should Know About Buying Car Online

In an advanced nation like the USA, cars are not just a luxurious asset but also a necessity for individuals of all age groups. Some purchase their choice of car by visiting a car showroom personally, while others prefer to purchase used cars online.

In the last few years, there has been a tremendous rise in the number of individuals buying used cars online over brand new autos. Various factors, such as increasing rates of new cars, budgetary constraints, and easy availability of a wide variety of used cars have all played a role in improving the sale of used cars online. The demand of used autos is expected to rise in the coming times as well.

However, just like any other endeavor, purchasing a used car online has its pros and cons. It is necessary for you to be aware of these pros and cons to make a wise choice. Having the right knowledge of car purchase will help you choose a durable, functional secondhand car at an economical rate.

  • Pros of buying a used car online
    1. Saves your time and money: Buying used cars online saves your time substantially. You need not waste your time and energy in searching and traveling to local car shops and dealers. All you need to do is surf for your desirable used car on the web. It requires less time and efforts.Also, you can purchase a used car which meets your traveling requirements, at a cost-effective rate online. You can find a variety of used cars under $10,000 with numerous safety options and modern aspects available on web portals and classifieds. Thus, you can easily purchase a durable, functional used vehicle that will fit in your budget.
  1. Offers a vast choice of car styles: Online purchase offers you a wide array of used cars to make your choice. You can find different styles of used classic cars, used imported cars, and used domestic cars on the web easily. Various web portals and classifieds make it easy for you to find new and unique models of all times. This enables you to have the trendiest options with just a click of button.
  • Cons of buying a used car online
    1. No choice to have a test drive and examine the car’s interiors and exteriors: The major disadvantage of purchasing a used car online is that you may not get an opportunity to test drive your choice of car. So you won’t be able to find out how well it works. Also, you cannot examine the interiors and exteriors of the car personally. However, if you request the dealer online, you may get the opportunity to have a test drive and check the car before you buy it.
  1. Risks of the supplier: This is one of the risks of purchasing a car online. Online transactions include tricky swindling that victimizes a large number of people worldwide. Ensure that the company or website is not a fraud before you purchase the car. Read reviews and testimonials written by the previous customers on the web to check the authenticity of the website. With these steps, you can avoid this risk and purchase your choice of used car easily and safely.

If you purchase your choice of used car online by considering all these pros and cons, you can buy your choice of car conveniently, safely, and at a reasonable rate.

 

All about Car Financing

Rome was not built in a day.

Every perfect thing requires time. And, finding a perfect car requires a lot of time and patience because you have to find the right combination of beauty and technology. Won’t you feel irritated if lenders reject your car and all your hard work goes to waste?

Why will Lenders reject your Car?

If you want to buy your chosen car quickly, you must know about the kinds of cars that are rejected by lenders. It will help you in making a decision and ensure quick completion of the buying process.

Extremely Cheap Cars

Today, the car prices have become obnoxious because of rising inflation and increased government regulation. Finding a car that is within your budget can be a difficult task. But, if you manage to find an extremely cheap car, don’t think lenders will be happy. They will avoid financing because of the following reasons:

1. Cheap cars are damaged or totaled.

2. Usually, they are very old to function.

Also, lenders make a profit from the interest amount that you pay. If they approve a cheap car, they will not be able to generate enough profit from the interest amount. So, they avoid financing an extremely cheap car.

Extremely Old Cars

Old cars demand regular repair and require frequent maintenance trips to the mechanic’s garage. If you buy an extremely old car, you will have to spend a large part of your income on repair. It will make regular monthly payments difficult and also, increase the risk of missed payments. So, lenders will not support your decision of buying an extremely old car.

Remember that lenders do not provide financing for cars that are older than 8 years. They also prefer less than 100,000 miles on the odometer.

Extremely Expensive Car

Lenders have to consider the risk factor while approving your loan application. If they approve an expensive car and you do not make regular payments, they may incur loss. So, they shy away from financing an extremely expensive car because they know that it is unwise to put all eggs in one basket.

Antique Cars

If you are an antique collector and want to buy an antique car, you will face difficulty in acquiring it. Lenders do not fund an antique car because:

1. It is challenging to find its accurate market value.

2. In the event of repossession, it becomes difficult for lenders to sell it.

Race Cars

Racing is a risky sport and several cars are damaged during the racing events. If your race car is damaged and totaled, it will be very difficult for lenders to recover money from you. So, they do not approve such a high-risk asset.

Next time, you go for buying a car; remember that lenders will not provide financing for every car under the sun. Make a smart choice so that you will be able to obtain quick loan approval.

 

Sources You Should Check Before Buying Car

Buying a car is not as easy as buying groceries at the mall. One cannot walk in, chose a car, swipe the credit card and drive out with it. You need to analyze the details as it will be one of your most prized possessions for a long time.

If you want to be an expert car buyer, you need to first decide upon the car model that you wish to buy. It should be in your budget. Once you are sure about the car model, you will have to choose a source for buying your car. There are various sources for buying a car. Ideally, you can look into the following five important sources for buying a car easily:

  1. The Online Market

One of the many boons of the digital era is the huge online marketplace which offers you to browse, and scan cars from the comfort of your home. Instead of going from one dealership lot to the other, you can sit back and go through every car in detail.

If you know what you are looking for, you can type the exact keywords and refine your search. For example, you can search by brand names to view different car models of a particular brand.

  1. The Dealer

If you wish to avoid the online market, you can have a look at the dealers.

Dealers offer more car buying options to you because they have certified pre-owned cars as well as new cars in their lot. A certified pre-owned car is a beneficial over buying a new car because you can get the feel of a new car for less amount of money. The additional warranty is another advantage that makes certified pre-owned cars a viable option.

If you are looking for inexpensive car buying options, you can choose a dealer who provides used cars without certification. But, remember to ask a mechanic to check the car before finalizing the deal.

  1. Buy Here-Pay-Here Dealership Lot

If your credit score is low, it can be an obstacle in buying a car. In such a situation, a buy-here-pay-here dealership lot can offer you a car as well as financing solutions. If you are buying a car from a buy-here-pay-here dealership lot, you need to run a background check and make sure if the dealer is worth trusting or not.

  1. Private Party Seller

Some of the most crucial and extensive checks are required when buying a car from a private seller. The seller can be questioned for all the repairs that have been done in the past and the working condition of the car. Quick checks on your own, such as a test drive at different speeds, checking for the functioning of brakes, gears, engine noise, seatbelts, road safety certificates, etc. must be done.

  1. Miscellaneous Sources

You can also buy your car at an auction. Recently, interest in such auctions has increased due to stagnation of economy and stricter credit rules. Many a times, high-end cars are sold at auctions at a very low price. It may not be possible to get such cars for a test drive, so it is advisable to take a mechanic with you for appropriate inspection.

Once you finalize the ideal car, you can keep in mind these five major sources for buying it. Remember that an expert car buyer is careful and investigates both the sides of a coin and look into the pros and cons of every source available.

 

How To Keep Your Car Clean

A car – your best friend, ally, and companion that never ditches you until it is broken down. They are amazing for getting from one place to another, going on pleasant rides and assisting people to move their belongings. For some, it is like their small house. No kidding!

Therefore, the way you keep your home clean and fresh, it is also important to keep your car fresh. When it comes to keeping a car clean, the foremost thing that pops in our mind is its smell. The terrible scent in the car may make you look unhygienic before your companions.

As a matter of fact, if your car isn’t clean and smells awful inside, no one is going to ride with you. Thus, it’s vital to keep it clean, manage the mess immediately, avoid doing things that may bring the bad smell (like smoking inside the car) and clean, deodorize the car properly. There are many different products you can use to keep your car smelling fresh and welcoming. Car fresheners and car perfumes are some of the essential products that every individual prefer to use to keep the car looking fresh and new.

Before you go out to purchase car perfume from the market you must ensure what you actually need from them. Numerous products like Ambi Pur, Air Wick, Archies, ED Hardy and so on are considered best to use in the car. Planning to get perfect car perfume can be a better idea!

Let’s go through the DON’TS that a person must avoid in their car so that the fragrance of car lasts longer

1. You should not stuff things in your car that includes strong smell.

2. Clean the car frequently and dispose of all the smelly items inside the car.

3. Avoid eating inside the car.

4. Avoid smoking in the car.

5. Avoid drinking alcohol in the car.

DO’S that a person must follow to keep the car clean and Fresh

Hang an air freshener in the car

There are many types of air fresheners that are outlined particularly for cars. To choose a scent, essentially discover one that appeals to your feeling of smell.

Regardless of what kind you get, make sure to place it in an area that gets lots of air, so that the aroma circulates all through the car.

  • Vent clasp and dashboard air fresheners are intended to be cut to or situated over the vents.
  • Tree-style and other air fresheners can be set swinging under the dash where the traveler’s feet go to get the most of the circulation.

Apply an odor-eliminating air freshener

Spray or aerosol-style air fresheners can likewise be used in cars to mask the bad smell and to leave a fresh fragrance inside the car. Spray the fluid into the air in the car, rather than directly onto the seats, dash, floor, or rooftop. You can also use a customary house and home sprays like Lysol or Febreze, or you can buy one that is made particularly for cars, for example:

  • K1 air freshener for cars
  • Armor all new car smell air freshener

Spray perfume inside the car

Instead of buying an air freshener, you can also use a spray perfume to get fresh air from the vents of the air conditioner. This essential interior car cleaning tip will help you in making your car filled with a Fresh fragrance and also make your trip pleasurable as well as comfortable too. Have a little sachet hidden under your seat and spray it regularly to keep your car smelling fantastic.

 

Tips To Wash Your Car

A thorough car wash at home can easily yield professional results without the expense of taking your car to be washed at a car wash or detailing service. The car wash tips included here will not only help achieve professional results performing your car wash at home but can also lead to a very satisfying job well done. This article will help you learn how to wash your car and achieve professional results at home!

The items needed to perform a car wash at home are:

  • Bucket for water and Car Wash Soap
  • Car Wash Mitt or Sponge
  • Towel or Absorber to dry the car
  • Shady Location
  • and Certainly not least.. A Dirty Car!

Optional items needed to perform a car wash at home are:

  • Second Bucket for water filled with fresh, clean, water
  • California Water Blade or other squeegee product
  • Wheel Detailing Brushes
  • Air Compressor with air nozzle

First, park the car in a shady location out of direct sunlight. Direct sunlight can affect the car wash as it will cause the soap and water to prematurely dry and leave spots on the paint.

If the wheels on the car are covered in dirt or brake dust, it is best to begin by scrubbing the wheels first. Please note however, that if you recently drove your car it is advisable to not wash the wheels if the brakes are hot as the heat will cause the soap or wheel cleaner to evaporate very quickly and cause spotting or in severe cases warp a brake rotor.

Rinse the wheels and tires with the hose. Using a sponge, rag, or wheel detailing brushes scrub away the dirt and grime that are covering the wheels. DO NOT use the same sponge or rag that you will use to wash the rest of the car. If you were to use the same sponge, you may pick up contaminates from the wheels and those contaminates could easily scratch the paint on the body of the car.

Once the wheels initial scrub is complete, the main car wash can begin. You start by rinsing the car, beginning at the top of the car and working your way down. Be sure to pay special attention to spots where dirt or debris may accumulate. A good tip here is to pull all of the windshield wipers away from the glass into the propped position prior to rinsing or soaping the car.

Fill one bucket with water and the Car Wash Soap ensuring that you follow the directions on the car wash soap container. If you have a second bucket available fill that with fresh, clean, water. This second bucket will be used to clean the sponge or rag as to not contaminate the soapy water with dirt or grime.

Using the Car Wash Mitt or Sponge wash the car from the top working your way down. When you are washing the car it is advisable to wash it in sections. First wash the roof, then wash the hood, the trunk, one set of doors, and then move to the other side. In between each section rinse the soap off. By doing washing the car in sections it ensures that the soap won’t dry on the car and will allow you to see if any dirt was missed. As you move through the sections try to keep the entire car wet. This will prevent spotting.

Some good tips for the soaping process are:

  • Don’t press too hard. By pressing hard you may inadvertently grind the dirt all over the paint and potentially scratch it.
  • Don’t ignore crevices. These are the places where dirt collects and are often missed by other car wash methods (i.e. gas station car wash machines)

Once the entire car has been scrubbed and rinsed, it is time to dry the car. The primary focus of drying the car is to dry the car before the air is allowed to dry it naturally. A naturally dried car is a spotted car!

A California Water Blade or similar squeegee product is great for this getting the water off the car very efficiently. You start by taking the blade and running it across the paint removing a large amount of the water from the cars surface. Then, using a chamois, Absorber, Microfiber Towel, or traditional towel you dry the remaining water from the car. If you have access to an air compressor and an air nozzle, it can be used to blow water out of tight crevices where a towel will not be able to reach. Be sure to open the hood, trunk, doors, to wipe out the jambs and other places where water has likely accumulated during the wash.

Now take a step back and look at your beautiful, clean, car!

 

How To Selling Used Car

When it comes to selling a used car the market is huge. Believe it or not, many people prefer the more economical route of buying a used car. However, selling used cars can be an art.

Below are the steps I have used to maximize the money I get when selling used cars

Clean the car!

Be sure to clean your car. Consult our series on car detailing to make it look its best. Wash and wax the outside of the car. The better the car looks, more valuable it will look. It also is an indicator as to how well you may have treated the car previously.

Don’t ignore the interior!

Potential buyers will likely scour every inch of the car inside and out. A dirty interior will surely turn off most buyers. Vacuum the entire car including the carpet, seats, mats and doors. Wash out any stains that may be present. Take a towel with a quality interior cleaner and wipe down all of the hard surfaces inside the car being sure to not leave any streaks behind. Don’t ignore any cracks or crevices! Each extra little touch you add will make the car that much better. A better looking car usually sells for more and far more quickly, and time as they say, is money!

Check the Tire Pressure

Be sure to check the tire pressure on all of the tires including the spare. Make sure the air pressure is within spec of the vehicle’s recommendations.

Check the Features of the Car

Ensure that all the cars features are in good working order. Check that the air conditioner is operational, the radio functions, all speakers are intact, the alarm works properly, and any other features your car may have are functioning properly. If the car’s features are damaged, not functioning or are otherwise non-operational, it is wise to have them repaired. Features that do not work will certainly lower the amount for which you will be able to sell the car.

Replace windshield wipers

While not 100% necessary, I have found that if windshield wipers had not been recently replaced that when the car is held for sale that it is a good time to replace them. Potential buyers always seem to appreciate small touches such as that.

Check the Cars Vital Fluids

Engine oil, transmission fluid, windshield wiper fluid, radiator coolant, power steering fluid and brake fluid are all easily checked by lifting the hood and checking the dip stick. Add additional fluid if any of the cars vital fluids appear to be low. If you do not trust yourself to do this, a quality mechanic should be able to easily perform this for a nominal fee.

Gather the facts

Your vehicle, just like all vehicles, has a VIN number associated it. The VIN number will allow anyone to obtain the history of a vehicle. Purchasing that vehicle history report and sharing it with any potential buyers is a sign of honesty. This upfront honesty is sure to increase the credibility of both you and the quality of your vehicle.

Find Comparable Current Sales – Do your research!

Go online to a site such as Auto Trader and locate cars similar to yours that are up for sale. Use the information found looking at comparable vehicles to determine and support the selling price.

Price the Car

After locating comparable sales go to a site such as Kelley Blue Book to find out the estimated value of your vehicle. This will help you to determine if you have the car priced well or not. Note that even if you feel your car is in “excellent” condition, pricing your car too high might hinder potential buyers from making an offer.

Get the Cars Paper Work Together

Put together a packet of all of the vehicles current information. This will include the cars current registration and any other important documents. This will avoid a scramble when you have an interested party to gather all of the paperwork and ensures that you have all your ducks in a row. All potential buyers will appreciate this organization.