With the poor economy, drivers are trading in their big gas-guzzlers for fuel-efficient cars.  Yet, while that makes sense, if you switch too soon you might be looking at more overall car costs than you’ll save on gas.  According to Consumer Reports, downsizing is beneficial in the long run if you time it right.

A study by Consumer Reports reveals that if you still owe on your car loan, it might not be beneficial to downsize after just three years.  With a loan, initially your payments are made up of a large percentage of interest.  Trading in too early will leave you with less equity, which will limit a down payment for a new car.

Another hurdle that affects the equity of your car is depreciation.  In the first five years of ownership, depreciation makes up about 48% of total vehicle costs for the owner.  On average, costs for fuel only equal about 21%.  Within the first three years, depreciation is the greatest, and then it begins to level off.

So, trading in a 3-year old car will result in a whole new depreciation ride.  However, if you have owned your vehicle for more than four years trading in makes more sense.  Just make sure you have an auto warranty for peace of mind when keeping your vehicle for several years.

Buying a new vehicle is an exciting event in most people’s lives.  People often want to flaunt their priceless possessions for everyone to see.  Drivers purchase an auto warranty to protect their jewels, and treat their cars with loving care. In addition, they try not to let their vehicle get any scratches. A car that is scratch free and has a shiny finish is a good reflection of its owner and brings a lot of driving pleasure.

However, with heavy traffic that is bumper to bumper, it is difficult to keep your beautiful gem scratch free.  In fact, it is inevitable that your vehicle will receive a scratch or two no matter what measures you take.

Never fear, you don’t have to spend thousands at a shop getting your entire car panel painted.  You can use Com-Paint, which is a touch up spray that allows you to say goodbye to scratches.  Follow these simple tips.

On small scratches you can use Aeroshot Top Cut to remove and cleanse the surface that is scratched.  This will most likely take care of the scratches so that they won’t need painting.

For medium scratches level with 1000 No. Emery paper.  Shake the can well and hold it 12” from the surface and use a stroking motion to spray.  Make sure the coats are light, not heavy.  Let the painted area dry at least 72 hours.

Car owners like to feel like their vehicles are brand new.  Simple things can allow you to do this such as touch-up painting, routine maintenance, and purchasing new car warranties to protect your vehicle. These simple things can keep your car seeming brand-new.

There is nothing worse that purchasing a car and finding out that it has an ocean of problems, literally.

Why?  The number of cars on the market in the last five years that have been damaged by flooding, hurricanes or rains has doubled.  Certain states have actually reported an increase of six times more than the number recorded five years ago.

A lot of times, vehicles with this problem are moved from regions that experience a lot of flooding to less suspicious areas.  These cars will find themselves back on the pre-owned market, disguised and rebuilt to look clean.

It can be hard to realize if a flood has damaged a car, yet if a car has been underwater it will rot inside and out.  Also, water damage can threaten the mechanical systems and ruin electronics in a vehicle, without even leaving a sign on the outside of the vehicle.

Since sales of used cars are expected to reach 45 million this year, consumers need to be on high alert for any signs of flood damage.  Also, purchase an auto warranty to protect yourself in case you have unforeseen repair costs.

The recommended intervals for oil changes have increased a significant amount over the last ten years.  It used to be that oil changes were recommended every 3,000 miles, but now recommendations are for every 8,000 miles.  This is great news for drivers because it means less time at the mechanic and less money spent.  However, there are a few cautionary notes to consider.

First of all, consult your owner’s manual for the “maximum recommended interval”.  Make sure you don’t extend beyond that number because saving $40 on an oil change is not worth having an $800 repair due to sludge buildup.

Second, if your driving type falls under “heavy duty” you will need to change your oil more regularly.  Often, drivers don’t realize that daily stop-and-go commuting falls under this category.  Also, if you use your vehicle for short trips with little highway driving you many need shorter oil changeouts.

Finally, you should use the specific oil type/grade recommended by the carmaker.  Failing to use the right oil type can result in poor car performance, engine damage, and even void the terms of your auto warranty.

Although less frequent oil changes are convenient for consumers, people need to follow these cautionary notes.  After all, you don’t want to ruin an engine because you didn’t add a couple of quarts of Pennzoil.  This is why an auto warranty is always a good idea, too.

Often, drivers who have a big SUV feel a false sense of security.  People feel that just because they are in a large vehicle nothing can happen to them.

Yet, the truth is that SUVs are much more likely to roll in an accident than other cars.  And approximately 35% of fatalities in car accidents occur because of rolling.  Also, it was recently discovered by the Insurance Institute for Highway Safety that the strength of a SUVs roof is directly correlated to the risk of injury to the occupants.  In other words, if a vehicle’s roof is made stronger, it can reduce injuries.

The U.S. government currently requires cars to be able to withstand a force 1.5 times the car’s weight before it reaches 5 inches of crush.  For safety reasons, the government would like to change that to 2.5 times the weight of the vehicle.

Drivers never know if they are going to be involved in a car accident.  Drivers should protect themselves by buying a safe vehicle, having a good auto warranty, and taking safety precautions while driving.

A new report shows that new car customers aren’t doing enough to ensure the best deals on financing, insurance and an auto warranty.

Only 64 percent of consumers would even attempt a negotiation on the price of a new vehicle.  In addition, over 2 million motorists wouldn’t even bother to research the current value of their existing car when planning to do a trade-in.  In fact, over 30 percent of drivers admitted they wouldn’t even spend an hour researching how they are going to pay for their new vehicle.

Alarmingly, 91 percent of customers weren’t able to explain what the phrase ‘lease purchase’ meant, which is a term often used in car financing deals.  Also, 50 percent said they would go ahead and purchase a new car without getting any quote for the insurance.

Our nation is known for being bargain hunters and trying to get the best deal.  But for some reason when it comes to purchasing a new vehicle motorists are falling short.  It’s crucial for all drivers wanting to buy the newest vehicle to do their homework.  Financing, insurance and an auto warranty are an essential part of the car buying experience.  So, shop around and find the best deals.  Otherwise, pay the price.

There are millions of traffic tickets issued out every year in the U.S., which often cost over $100.  This is a billion dollar business in our country.  Paying the ticket through the mail is essentially admitting that you’re guilty.  Also, you will have the ticket on your record at the DMV for up to three years.  So, is it possible to wiggle out of a speeding ticket?  Here are a couple of things to try.

First of all, if you get pulled over for speeding, stay in your vehicle.  You should never get out.  When the policeman approaches your window, try to look remorseful.  Make apologies to the officer and be polite.  Be nice, and ask for a warning.  Don’t try to answer questions, such as: “Do you know why I pulled you over?”  Tell the officer you aren’t sure.

Don’t pay the speeding ticket by mail because it means you are admitting you’re guilty.  In the U.S. you are considered innocent until proven guilty, so show up at court.  Often, the police officer will make mistakes leading to the dismissal of your ticket.  For instance, the officer might not go to court.  Many times you will get your ticket changed to a lesser charge by showing up at court.  For example, they might change it to a parking ticket from a speeding ticket.  This is beneficial because it won’t increase your insurance and will give you fewer points on your license.

Many motorists assume that if they are given a speeding ticket that they should just pay it through the mail.  However, it is a much better idea to make an effort to get out of it so you don’t have to pay an increased insurance premium.  After all, we factor in costs such as an auto warranty and maintenance costs, but don’t consider speeding tickets and raised insurance.

In this struggling economy, automakers can’t count on slick styling and big engines alone to lure buyers.  Consumers have changed their tastes: appearance and performance are still a priority, but value, gas mileage and practicality are becoming more important than every, according to experts.  In addition, people are protecting themselves with an auto warranty and road service programs.

Fuel-efficiency stays on the top of people’s minds.  A study was conducted recently by the Consumer Federation of America, finding that even though gas is at $3 per gallon, drivers are still looking for 20% better mileage in their next car.

However, don’t count out the importance of performance.  Derrick Kuzak, who is the head of product development at Ford said, “I think people are looking for both [performance and efficiency].  He also said the carmaker’s EcoBoost initiative, which is basically downsizing engines for better fuel-efficiency but adding on turbochargers to make up for performance that is lost, is a way to satisfy both demands.

People assume that more power means poor gas mileage, but this isn’t the case.  Now there are advanced drivetrains, better aerodynamics and lighter materials.  There are popular vehicles in every car segment, from the Toyota Prius to the Escape that are more fuel-efficient and quicker with every redesign.

The government has announced to carmakers that they must get a fleet average fuel-efficiency of 35 mpg by the year 2020, however Hyundai now claims that they will hit this goal by the year 2015, which is five years earlier.

How will the Korean company hit this goal?  Hyundai doesn’t just plan to move forward on developing new hybrid cars, but also to take an approach to its gas engines that are holistic, by discovering ways to take off a mpg here and there.

Some of the new technologies that Hyundai plans to use in its new cars include transmissions that increase efficiency, turbocharging, eight speed automatic transmissions, direct injection, integrated Stop and Go technology, and dual continuously variable valve timing. And, consumers can rest-assured that they wouldn’t end up paying for repairs of these technologies if they have a good auto warranty. Other carmakers plan to make changes that are similar, but Hyundai has a lineup that is relatively small, with no large trucks and SUVs, so it makes it easier to make a quicker mileage jump.

Hyundai’s increased fuel-economy will make consumers happy, since gas prices have been such a concern to all.  Currently, people have been pushing the limit and running out of gas often, which have put roadside assistance calls at an all time high.

Often motorist get sticker shock or experience buyer’s remorse after buying a new car.  However, you can avoid this by considering the expenses that you will encounter in the future.

According to experts, most consumers anticipate the price of the purchase, registration and taxes.  However, many people forget to factor in the price of insurance and new car warranties.  Fortunately, by doing your homework you can get good deals on insurance and an auto warranty.

To control car costs drivers should consider these tips.  First of all, decide before you get to the dealership the amount of money that you can spend.  Also, decide on what type of car will suit your needs. It is also beneficial to get quotes from several dealers, because then you are in the position to negotiate.  Finally, check insurance and auto warranty prices on the vehicle that you want to purchase.

You don’t have to go broke purchasing a new car.  But, be smart and consider all of the costs involved.  It isn’t just the purchase price that you will be paying.