Archive for the ‘Costs of Owning a Car’ Category

How to Survive the Current Cost of Living In New York

December 17th, 2009 by Buddy Evans
Buddy Evans

As Average Monthly Living Costs Rise, the Option to Sell Your Used Car in NYC Looks Better

You know the current cost of living in New York is out of control when a new development in Brooklyn Heights is selling parking spaces for more than a quarter-million dollars.

In fact, the Center for an Urban Future – a New York City think-tank – released a study recently showing how tough it is for middle-class folks to remain in NYC given the exorbitant average monthly living costs. (more…)

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Cost Cutting Strategies for Difficult Times

December 4th, 2009 by Buddy Evans
Buddy Evans

Wondering How To Reduce Expenses? Consider Selling Your Used Car in New York City

Fortunately, cutting expenses at home is a relatively easy task if you take the right approach. You’d be surprised at just how easy it is to reduce your expenses with little effect on your quality of life. As far as cost cutting strategies go, this is good news to those of us in metro areas because one of the easiest ways to dramatically cuts costs in New York City is to sell your used car. (more…)

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For College Students With Cars, Selling It Can Help Offset Rising College Education Costs

September 1st, 2009 by Buddy Evans
Buddy Evans

Broke college students can cash in on their vehicle to help combat rising college costs

By Buddy Evans, President of Big Bucks Auto™

For some college students, a car can either be a lifesaver or it can be a serious financial drain. And with college education costs rising every year, the difference can make you a happy camper or a broke college student.

A college student's car can be a drain for broke students considering rising college education costs

Students Are Feeling The Pinch Of Rising College Costs

According to CollegeBoard.com’s breakdown of the average college education costs, tuition is certainly the largest expense, but ancillary costs are a growing burden.  In their article, “Break Down The Bill,” CollegeBoard.com discusses the following rising college costs:

  • Books and Supplies: The national average at four-year private colleges for course materials in 2008-09 is $1,077.
  • Personal Expenses: Things like laundry and telephone fall under personal expenses. The national average for four-year private colleges (on-campus students) in 2008-09 is $1,906.
  • Travel Expenses: For those that live a few hundred miles away from campus, the national average for four-year public colleges in 2008-09 is $1,010. Make your own estimate based on how and how often you plan to travel.

And those expenses do not account for a college student’s car. You would need to factor in things like a potential car payment, car insurance, fuel and maintenance. Depending on the health of your vehicle, those costs alone can make for a very broke college student.

In A Place Like NYC, A College Students Car Can Help Dampen The Impact Of These Rising College Costs

Figuring out how to sell your car with Big Bucks Auto is easy. For a broke college student, figuring out how to spend that money is probably easier. If you are a college student with a car just starting classes at one of the many colleges and universities in NYC, or even a returning student, getting a free quote and a fair deal from Big Bucks Auto is a smart move.

Current college education costs are quite high and rising, while in a place like NYC, a college student’s car is not a necessary expense.

Learn more about why you should choose Big Bucks Auto to buy your car and call us today at 1-888-44-BUCKS or 1-888-442-8257.

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Will electric car prices allow electric car sales to boom?

August 1st, 2009 by Buddy Evans
Buddy Evans

Tesla’s electric car goes for $100,000 and other new electric cars aren’t far behind

By Buddy Evans, President of Big Bucks Auto™

Electric car prices are out of reach for probably 90 percent of the population. Despite the cost, though, impressive advances in the electric car industry are being made. Tesla’s electric car, the Roadster, is probably the most popular and longest-range all-electric vehicle, but along with that new electric car smell comes a huge price tag.

Advancements in the electric car industry are fascinating, but far removed from mass production

A team at the Massachusetts Institute of Technology recently announced new electric car technology that charges in 10 minutes. See, a sticking point for the electric car industry has been the time it takes to get a full charge into the cars’ battery network.

Here’s the rub: this quick-charging car needs to draw so much power so quickly, that if you hooked it up at your house, you’d probably knock the whole block off the grid. And, by way of electric car price, the nearly 8,000 battery array alone would cost $80,000.

Current electric car sales are not without problems either

Tesla Motors opened up a dealership in July 2009 in Manhattan’s Chelsea neighborhood. That certainly is progress, but keep in mind that only 600 Tesla Roadsters have been sold since production began in 2008 and only 40 of those in the NYC region.
A program run my BMW to outfit Mini Coopers with an all-electric power source – the Mini E – has left many participants feeling neglected. Some say BMW “botched” the program with severe delays in converting Minis to all-electric and giving owners insufficient means to charge their newly electric cars (causing charging times of nearly an entire day), among other things.

Despite high electric car prices, the electric car industry is on the way

Sure, there are a lot of obstacles facing new electric cars and keeping electric cars sales slim, but you can’t ignore the future.  Tesla’s electric car seems to be the most popular and the big auto makers are not ignoring the trend.
One thing to keep in mind, though, when you do eventually decide to make the leap from gas to electric – make sure you get the best, hassle-free deal when selling your car with Big Bucks Auto.
Learn more about why you should choose Big Bucks Auto to buy your car and call us today at 1-888-44-BUCKS or 1-888-442-8257.

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End of Life Vehicles Recycling or When to Sell Your Car: To Junk or Not to Junk

July 15th, 2009 by Buddy Evans
Buddy Evans
End of life vehicles recycling or when to sell your car
When to junk or not to junk your car?

Image credit youngthousands

When to sell your car: Junking a vehicle can sometimes be the wrong option

By Buddy Evans, President of Big Bucks Auto™

End of life vehicle recycling is proper for your car when it’s either wrecked or inoperable. Otherwise, you should consider when would be the best time to sell your car.
We’ve written extensively about the process of when it is time to sell your car and have compiled a valuable list of things to remember before you make a decision to sell or consider end of life vehicle recycling:

  • Research the market. If you have a popular make and model, you could sell your car quickly. If not, you need to do more research to find the best markets.
  • Take the time to research the going rate for your car.
  • Research, collect and consider used-car reviews.
  • Investigate used car ratings to find out if your car is a top seller or a difficult car to sell.

How to know when to junk a vehicle and recognizing end of life autos

What’s an end of life vehicle? Well, simply put, an end of life vehicle is an automobile that is inoperable; no longer able to be used because it’s wrecked or mechanically irreparable; or otherwise a hunk of junk. So, end of life vehicle recycling is the process by which you rid yourself, your driveway, or your yard of that vehicle in an environmentally safe and responsible way.

Junking an end of life vehicle the right way

The folks at 1877EndofLifeVehicles.com are spearheading the efforts to spread the word about end of life vehicle recycling and pushing for end of life vehicle regulations in the United States. Bottom-line, people junk vehicles for two reasons: They either wrecked it or the car doesn’t work anymore.

When a vehicle is no longer useful, here at the basic steps in the end-of-life treatment process

  • The removal of the battery for safety reasons.
  • All fluids are drained and contained appropriately.
  • These fluids include: fuel, engine oil, transmission fluid, engine coolant, windshield washer fluid.
  • The refrigerant is recovered, if applicable.
  • Wheels are removed.
  • Tires are separated.

The effect of end of life vehicle recycling on nature

The environmental impact of end of life vehicles is striking, considering how many cars reach the end of their life each year. According to 1877EndofLifeVehicles.com, end of life vehicle recycling can relieve the environment of some serious pollutants and ecological stress:

  • Each year in North America, close to 12 million vehicles reach the end of their useful lives and are taken out of service.
  • Seventy-five percent of your old car can be recycled
  • Forty-two percent of all new steel in this country comes from recycled metal
  • Using recycled metal saves up to 74 percent energy and 40 percent water consumption. It also reduces air pollution by about 86 percent and water pollution by 76 percent.

Make sure you don’t miss an opportunity to sell your car before you consider end of life vehicle recycling

End of life vehicle recycling is still an early concept in North America, with few end of life vehicle regulations. But, be sure that junking your vehicle is the only out before you bypass selling your car as an option.

Learn more about why choose us to buy your car and call us today at 1-888-44-BUCKS or 1-888-442-8257

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How Can Technology Protect the Environment? It Doesn’t, Really

April 15th, 2009 by Buddy Evans
Buddy Evans

No matter how “green”, some industries like the automobile industry, still promote technology that does more harm than good and little to protect the environment

Regardless of green technologies, automobils still pollute the environment
Polluting the enviroment
Photo credits: globalwarming1108

The answer to how we can use technology to protect the environment is hard to find when you’re looking in the wrong place. Of the countless tech-laden ways to curb the degree to which we are littering the environment with things like car exhaust, one solution might be closer and greener than you think. And it’s about as low-tech as it gets.

Instead of thinking about technology advancements to protect the environment like hybrid green cars, we might want to think about using less technology!

Those things at the end of your legs? They might just one of the most efficient, cheapest ways to sustainable living. Along with the obvious – walking – your feet can push on a pair of pedals and get you around town on your bicycle with greater ease and benefit than fighting traffic.

The citizenry of Planet Earth is now being forced to look at our home as a two-way exchange – we give to and take from Mother Nature – rather than treating our natural resources as a never-ending supply to power our progress.
And technology, while it may help to reduce how much we take from nature, will never be as successful as shedding some of our most detrimental human habits.

So, as the planet celebrates another Earth Day, let’s touch on some facts and information that changes the focus from “how technology can help save the environment” to “how we can use what we have to get where we should be?”

Benefits of Riding a Bike and the Looming Average Cost of a Car

Low-tech; Commuting by bicycle helps the environment
Commuting by bicycle
Photo credits: bicyclesonly

The days of ignoring the many benefits of riding a bicycle are over. With the extremely high average annual cost of owning a car and to help protect the environment,, it makes sense not only to commute by bike if you can, but to consider replacing your car with a bicycle all together. Just remember to make sure you protect your investment and prevent bicycle theft when you can while you are protecting the environment, too.

Best Cities in the US for Living without a Car

We’ll give you a hint, one of top cities for carless living starts with a “new” and ends with a “york.” Living in a large metropolitan area like New York will make it much easier to maintain a mobile lifestyle without a car.  Access to mass transportation is a key feature in making this possible. According to WalkScore, a group that promotes walkable neighborhoods, while 83% percent of Americans live in metropolitan areas, only 5 percent live within walking distance of decent public transit. Committing to living without a car is definitely one way to go about using new technology in public transportation to stop littering the environment. Options regarding commuter railroads, public bus routes, subways, and streetcars or trolleys can make or break an individual’s decision to live car free and help protect the environment.

America’s Most Walkable Cities

There are a surprising number of cities in the U.S. considered to be quite walkable. We might all think of New York, Boston and Washington off the top of our heads. But did you know that large parts of Denver are walkable?  WalkScore has a website completely dedicated to finding and promoting “Walkable Places to Live”. They rank 2,508 neighborhoods in the largest 40 U.S. cities to help you find a walkable place to live. On top of that, they have a list of 138 “Walker’s Paradises.” Twenty-two cities have at least one and therefore fall under our list of America’s Most Walkable Cities. New York leads the pack with 38, including Tribeca, Little Italy, Soho, Chinatown, Midtown and Murray Hill.

Is Your Car Killing You?? Air Pollution & Heath Risks

Between the effects of global warming, particle pollutants and lack of health benefits in driving -Yes, your car is killing you! Just a glance at a how cars impact our world could turn the most the stubborn skeptic.  One U.S. car consumes about 600 gallons of gas each year and emits over 12,000 pounds of carbon dioxide into the environment.  How about this one – American automobile emissions account for more than 45 percent of the world’s automotive carbon dioxide emissions each year, even though the U.S. has only 5% of the world’s population perfectly exhibiting a case where technology in one country is NOT protecting the environment in the world. Bottom line: Save a life; sell your car!

So, as industries world-wide struggle with the notion of going green to proterct the environment and countless new technologies are consumed by the environment vs. economic growth argument, our over-reliance on automobiles is a continuing threat to the health of the planet and to ourselves.

And maybe as more and more people consider the question of “how does technology protect the environment?”, they will find that perhaps their feet might offer the best guidance. Putting an end to littering the environment with our various pollutants might naturally follow.

Get a free quote to sell your car today, from my team at Big Bucks Auto™.  We are a reputable used car buyer; the largest used car buying service in the New York Metro / Tri-State area.

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Benefits of Riding a Bike and the Looming Average Cost of a Car

April 2nd, 2009 by Buddy Evans
Buddy Evans

The average annual cost of a car can be a drag on your pocket, but pay attention to the benefits of riding a bicycle and you might save a bundle.

Enjoying the benefits of riding a bike - Bike to Work in Sydney
Enjoying benefits of riding a bike
Bike to Work in Sydney
Photo credits: Vucko1000

If you take a few precautions to avoid problems – preventing bicycle theft, for example – you can turn those two wheels into something you use far more frequently than for the occasional commute by bike.

“Every time I see an adult on a bicycle, I no longer despair for the future of the human race.”

During a time when “despair” is quickly catching up to “hope” and “change” as words chosen to define our immediate future, H.G. Wells provides some food for thought with his take on the least expensive mode of transportation since walking – riding a bicycle.

And for the ladies, Susan B. Anthony shined a spotlight on the bicycle as liberating experience.

“Let me tell you what I think of bicycling,” she said. “I think it has done more to emancipate women than anything else in the world. I stand and rejoice every time I see a woman ride by on a wheel.  It gives a woman a feeling of freedom and self-reliance. It makes her feel as if she were independent.”

So, what are you waiting for? Trade four wheels for two – sell your car and save the world…or something like that. Hey, you might even save your own life by living without a car. See our Is Your Car Killing You? Air Pollution & Health Risks article for more information.

It’s not just famous dead folks who realized the benefits of riding a bicycle as a mode of transportation.

Commuting by bicycle - Riding a bike to work
Commuting by bicycle
Photo credits: groundswelldottv

Chatter in favor of a more bike-based culture in New York City is spreading. The buzz is well-deserved, considering that one of the world’s largest population centeres is also one of the best cities to live without a car.

Even the New York Times has launched a series called Spokes, a new feature about cycling in New York, spurred by recent buzz that the Metropolitan Transit Authority is looking to hike fares and tolls. The inaugural installation of Spokes notes that 2008 saw a surge in NYC bicycle riding – presumably in reaction to gas prices above $4 per gallon.

Seeing as how the Times saw fit to create a column dedicated to biking across the five boroughs, 2009 is promising to be a banner year for cycling for both recreational purposes and those who commute by bike.

Transportation Alternatives, a New York City nonprofit that has working for more than three decades to reclaim the city’s streets from cars and provide safer travels for pedestrians and cyclists, has identified several reasons why using bicycles for transportation is the way to go.

From the health benefits of riding a bicycle to the environmental and aesthetic impact of riding a bike, they make a compelling argument:

  • Like walking, cycling is renewable transport, and therefore non-polluting; however, the mechanical advantage of the bicycle allows the cyclist to cover 4 to 5 times as much ground as the pedestrian.
  • With a bicycle, a New Yorker can traverse the metropolis pollution-free — on the energy of an apple tart! On 350 calories — one apple tart — a cyclist can travel 10 miles, a pedestrian 3.5 miles, and an automobile 100 feet.
  • Bicycles are many times more efficient in using street space than automobiles, and roughly comparable to buses operating at high load factors. Moreover, compared to cars, and also to buses and subways, bicycles are blessedly quiet. In crowded, noisy New York, the bicycle’s economy of space and sound is a powerful advantage.
  • Cycling is also personally liberating. Cyclists control their own schedule, largely free of the gridlock, breakdowns and bureaucracies that are the constant bane of motorists and transit riders.
  • Much of the scenic and fun value of riding a bike comes from the ability to experience and interact with the vibrant street life of New York. Unlike motorists, who are separate from (if not intruders upon) the communities their cars rumble through, and transit users who are stifled underground, the cyclist can feel and observe the passing scene and stop casually for errands. And while nothing quite matches the intimacy of walking through a neighborhood, a person riding a bike at least comes close while affording far greater mobility.
  • Many cyclists, especially women, feel less vulnerable to street crime aboard a bike than on foot or on mass transit.
  • Commuting by bicycle or just riding a bike is affordable. Per mile traveled, bicycle riding costs the frequent cyclist less than half as much as mass transit and only one-quarter as much as driving — even assuming cyclists must replace their bicycles every three years due to bicycle theft and bad pavement.

That last one really hits home – especially with unstable gas prices; the average annual cost of a car; and, of course, a whimpering economy.

So, what is the average annual cost of a car? Automobile owners in New York State pay just more than $1,000 per year on insurance. That’s the fourth highest insurance rate in the country. Figures for the average car payment in the U.S. range from about $380 to nearly $500 per month. Vehicle maintenance costs and repair costs (depending on how old your car is), can run nearly $700 per year. Gas prices? Who knows. It’s hard to nail down an average, but most people seem to spend anywhere from $100 to $300 per month on gasoline – again, depending on your car and commute. If you park your car in a garage in NYC, you might pay as much as $300 per month.

How much does a bicycle cost? Most people pay under $1000 for good, quality bike. The cost for bicycle maintenance usually runs about $50 for the year.

Can you spend a lot more on a bike? Sure.

Would you still save thousands of dollars per year even if you went bananas on all the bells and whistles for the most expensive bicycle you could find? Definitely.

So, now that you’ve been worked into a frenzy and are heading out to sell your car and buy a bicycle, keep in mind that it’s easier to secure your car than it is to prevent bicycle theft. We’ve been conditioned to expect our cars to lock and activate an alarm with the push of a button. Bikes require a little more care.

Protect your investment and your means of transportation by taking a few precautions against bike theft (found on bikeforums.net). After all, bicycle theft occurs in New York City at a rate nearly 4.5 times more than cars:

Bicycle theft accours at a very high rate
Take precautions against bike theft
Photo credits: ibcbulk
  • Sacrifice the easiness of quick release levers, and get a pair of bolt-ons. A thief doesn’t carry an Allen wrench, it takes too much time.
  • Make sure you lock your bike to a solid, thick post directly mounted into the ground.
  • When leaving your bike locked outside, take of anything that is removable. A thief won’t want just a bike frame. They go after anything available.
  • If the place you’re going to has a front window with a solid post in view, lock it to that post and keep an eye on your bike.
  • If you go to a friend’s place, ask them if you can bring your bike inside. If not, ask them if you can put it inside their garage or shed with the door closed.
  • When locking your bike, use more than one lock. A chain or cable to lock onto the pole or bike rack, and a U lock to lock the wheels and frame together.
  • Register your bike with town, state, and national databases. If it is stolen, you have a better chance of recovering the bike.
  • Inside the handle bars or seat tube put a laminated piece of paper with your name; bike serial number; date bike was purchased; and where it was purchased. If your bike is stolen, tell the police where this piece of paper is. If they find a person with this bike that matches your description, they can check for the paper and confirm that it is your bicycle.

If you are looking to get rid of your car and join the ranks of bike riders across the five boroughs, be sure to check out our piece on not getting ripped off when selling your car privately.

The days of ignoring the many benefits of riding a bicycle are over. With the exorbitant average annual cost of owning a car, it makes sense not only to commute by bike if you can, but to consider replacing your car with a bicycle all together. Just remember to make sure you protect your investment and prevent bicycle theft when you can.

Learn more about why you should choose Big Bucks Auto to buy your car and call us today at 1-888-44-BUCKS or 1-888-442-8257.

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Avoid Repossession of a Car!

November 2nd, 2008 by Buddy Evans
Buddy Evans

You risk having your car repossessed when you stop making payments on your car because you can’t afford it

sell your car to Big Bucks Auto™

You want to do whatever it takes to avoid repossession of your car.  Fortunately, you can take preemptive action to keep this from occurring.  But first, let’s look at why it’s so important to avoid auto repossession if at all possible.

Why is it so important to avoid repossession of a car?

If your car gets repossessed you’ll kiss your credit goodbye

Repossession will absolutely destroy your credit. You can expect this to negatively affect your credit for at least seven years!  That’s a seriously long time to live with damaged credit, which will result in horrible lending rates on any future loans or mortgages, among many other things.

You’ll probably still owe money

Once the vehicle is repossessed, it is sold off at auction, and the balance of the car payoff is due immediately. Talk about fast cash for cars, only in this case, you’re the one OWING the fast cash! Chances are that paying the bank off will be difficult for you to do, as repossessed cars are often sold very inexpensively at auction.  This leaves you with a huge one-time pay off amount you’ll have to make.  Can’t make the car payment?  The bank may file suit against you, or garnish your wages.  Not good!

You’ll obviously no longer have your car!

They’re going to take your car or truck!!!  Isn’t this reason enough to avoid repossession of a car?!

Avoid car repossession at all costs!

Do whatever you can to avoid defaulting on the auto payments and getting your car repossessed! Why let the bank take your car and sell it for you?  You will be far better off selling your car and paying the loan off yourself.

To avoid the car repossession scenario, you’ll need to continue making payments on the car, or sell the car. Continuing with the car payments could be difficult, and may mean taking a second job, or cutting other, more arguably important expenses like food, health and housing.

If you sell your car you can get back on your feet financially – and prevent  repossession of your car

As you know, you could sell your car to us at Big Bucks Auto, where we’ll give you the fast cash for your car – cash you need when you are trying to avoid repossession of your car.  Not only do we give fast cash for cars, we give top dollar.  Learn more about how to sell your car fast in our Automotive Articles section.

Whatever you do, you’ll be better off financially if you sell your car, pay off the loan, and start fresh.

Thinking about selling your car? Read our How to Get Fast Cash for Cars article for some useful tips.

Learn more about why choose us to buy your car and call us today at 1-888-44-BUCKS or 1-888-44-8257

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How do i Sell My Car Fast in NYC?

October 2nd, 2008 by Buddy Evans
Buddy Evans

I want to sell my car and I live in NYC.  Where do I start?

sell your car in NYC to Big Bucks Auto™

If you’re living in NYC and you’re wondering, “how do I sell my car”, you’ve come to the right place.  But before we begin, let’s look at why you want to sell your car. 

 The easiest way to get to the heart of the matter is to finish this sentence: “I want to sell my car because……

I want to sell my car because I’m tired of the payments.  It’s too expensive!

People want to sell their cars for a multitude of reasons.  Some folks are tired of the car payments, the poor fuel economy, or a number of other things.  Other people want to sell their vehicles because they simply want to get a different car, or because a new car has caught their eye.

While a number of people WANT to sell their car, some people actually NEED to sell their car.

With the economy the way it is these days, that second car or more luxurious auto might be an issue preventing more vital bills and expenses from getting paid for.  There is a huge difference between what we want and what we need and the actual need also can put time constraints or a real rush on the issue.  If you need to sell your car in NYC fast, for whatever reason, you’ll want a quick solution. 

The category you fall into, either “I want to sell my car” or “I need to sell my car,” will help us determine the most appropriate and effective course of action.

I don’t just WANT to sell my car; I NEED to sell my car.  NYC is too expensive as it is, so I have to unload this car now!  

If fast sale is important to you, then we can narrow down your viable options on how to really sell your car fast in NYC. 

You could put your car up for sale privately, with a newspaper or listing ad that you have to pay for. Attempting to sell your vehicle that way can take quite a while depending on your asking price and the number of people searching for a used car like yours, so be careful. If selling your car privately, you should also be careful for another reason: you’re attracting attention from shady individuals and potential scammers who have been targeting individuals just like you.  Feel free to check out our article Selling Your Used Car? – Be Careful!  as it details some of the things to watch out for when selling a car privately. 

For a faster and safer sale, you could always consider a used car buyer.  A used car buyer’s sole purpose is simply to buy your car, so instead of searching for someone who might want to buy your car, you go to the place that you know has a real business interest in your car.

Working with a car buyer can make things a heck of a lot easier for you. Your potential car buyer does not have to check with his wife to make sure she likes the color. You won’t get a sob story over why you should lower the price or hold the car until his next payday.  Plus you don’t have to wait about, spending hours of your valuable time and not knowing what the outcome will be.  At our car buying service, Big Bucks Auto™, we’re able to give you a free quote on your used car in as little as 20 minutes.  Talk about fast cash for cars

But, how do I know that I am selling my car for what it is really worth?

When figuring out what your car is worth, just remember, Kelley Blue Book Values can be misleading.  You may find that you’re simply not able to sell your car for its Kelley Blue Book Value no matter what avenue you pursue.  KBB values are often completely inaccurate. 

All used car buyers have their own method of determining a car quote, so this is where reputation really matters. A reputable licensed and bonded bar buyer will give you a fair, accurate price, even if this price is not always the same as the KBB value. 
At Big Bucks Auto™, we always buy cars for very fair prices.  Whether over our toll free number or via the internet, we are more than happy to provide customers with a quote to they can make a sound accurate decision on how to sell their car with no obligation at all.

It’s that simple? I get a quote and I sell my car? How long until I actually get paid?

Again, different places have different standards in their business. 

Big Bucks Auto™ the whole process usually takes less than 20 minutes and we like to make it as painless as possible for our customers.  You come in with a car and you walk out with cash. In fact, right now, we are even offering coupon valued up to $100 cash in travel expense for free gas in addition to the car payment.  It can’t get any easier than that.  If you choose to sell your car to Big Bucks Auto, you’ll get paid cash on the spot at our NYC location.

——————————————————————————————

Go from “I want to sell my car” to “I sold my car” in minutes!

 Sell your car, super fast. At Big Bucks Auto™, you can get a free appraisal to sell your car today, with no obligation.  We are highly reputable used car buyers; the largest used car buyer in the NYC Metro / Tri-State area serving all five New York City boroughs, Long Island and New Jersey.  With Big Bucks Auto™, you’ll be able to get fast cash for your car, without the hassles of selling privately.  So come on in to Big Bucks Auto™ today, and get a free no obligation quote on your used car!  

Learn more about why choose us to buy your car and call us today at 1-888-44-BUCKS or 1-888-44-8257

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Getting Out of a Leased Car

April 2nd, 2008 by Buddy Evans
Buddy Evans
leased truck

Maybe you’re moving to the big city and you’ve decided you won’t need your car anymore. Maybe you’re simply tired of driving your current car. Whatever the reason, you want to get out of your current car lease. Only problem is, your lease hasn’t expired yet and you don’t want to wait any longer to get out and move on.

How Can You Get Out of Your Car Lease?

Fortunately, there are options available to the individual who wants to get out of a leased car.  But unfortunately, there’s no ‘magic pill’ to take when it comes to getting out of a lease.  This article will review all the options.  Chances are, one of the possible solutions outlined in this article is best for you – but it all depends on your current situation.  Read on and learn how you can get out of your car lease with:

  • Lease trading websites
  • A Buyout
  • Returning the leased car early
  • Allowing a car buyer to negotiate the terms on your behalf and then buy the car from you

Leased Car Trading Websites

In lawyer speak this is called “lease assumption”.  These sites are — you guessed it — places where current lease holders can list their cars, lease details and contact information.  Lease seekers then browse these websites in search of cars and opportunities that match what they were looking for.

But before you go and annul your current car marriage via one of these lease trading sites, there are some major issues to consider.

Does your car leasing company allow transferring the lease?

First and foremost, some car leasing companies prohibit the transferring of car leases altogether!  That may or may not apply to you; so you’ll have to do some homework to find out if trading your leased car is even a viable option.

Finding a lease trade partner can take time

Remember that it could take some time before the right person – who is hopefully local enough to do a deal – finds your car and contacts you about a potential lease trade. If time is an issue, lease trading isn’t the answer.

And what if the individual you trade your lease with defaults?

This is a big one that many in the lease trading world don’t want you to know about. If the person who you trade your lease with defaults on the lease at some point, you’re still responsible! In other words, you carry a great deal of risk even after you’ve traded your lease.    If your lease partner quits making those lease payments, even several months or years down the road (depending on the lease), you’ll wind up in some very hot water.

So say lease trading isn’t for you.  Say you’re looking for an instant exit.  Fear not, as there are still other escape routes to explore.  Like, for instance, the buyout option.

Buyouts

By buying out your leased car, and then selling it yourself, you can effectively avoid things like wear and tear charges and early termination fees.  These features all make the buyout option look pretty darn appealing.  But remember; in many scenarios, the red tape, hefty buyout price offered, and sales taxes can be enough to make this option look quite unappealing too.

If you’re interested in buying your car out and then selling it, be sure you know whether or not the buyout price offered is a good deal.  A reputable car buyer like Big Bucks Auto™ can tell you exactly how much your car is worth with a free car appraisal.  This way, you’ll know if the buyout option really is a good deal, and you’ll have an idea of how much you may be able to then sell the car for.

Turning in the leased car early

With the loads of early termination fees and possible legal ramifications depending on your lease, this may not be much of an ‘option’ to getting out of your leased car.  There will almost certainly be a huge cost involved if you try to turn in your leased car early.  In many cases you will still be obligated to pay the remaining balance on the car lease, or some combination of these payments, along with other penalties, like charges for wear and tear or mileage over the allotted limit.
For most individuals, turning in the car early is simply not an option.

There has to be an easier way!

You could sell your leased car to a used car buyer.  But why?

If you choose an honest and professional car buyer experienced in these types of transactions, this may very well offer the best “bang for the buck”.  And speaking of bucks, Big Bucks Auto™, one of the largest car buyers in the tri-state area, can easily handle these tricky lease scenarios.

If you happen to be in the tri-state, NY, NJ area, you’re in luck as you’re close enough to do business with Big Bucks Auto™. We’ll help you get out of your current car lease, and then we’ll give you the best price possible.  Get a free quote – FAST, by simply filling out a short information form.

At Big Buck$ Auto we’ll contact your lender or lease company to obtain the lowest possible payoff amount on your account.
And even better, we can negotiate to get you the best deal possible. In most cases, Big Bucks Auto™ will provide the bulk of the money required to pay off the lease.  For most, this is the easiest ‘way out’ considering all the alternatives.

Read Why Choose Us to Buy Your Car for a better understanding of what you can expect when dealing with a used car buyer like Big Bucks Auto™.

Learn more about how our free used car appraisal works – call us today at 1-888-44-BUCKS or 1-888-44-8257

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