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Used Cars Offer Environmental Benefits

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Posted in General Auto News

Some drivers may be drawn to hybrids or electric vehicles because of the benefits they offer to the environment. However, used cars may actually pose equal or better advantages to the planet – and to their drivers' wallets. 

Although alternative-fuel vehicles offer zero emissions on the roads, they still need to be manufactured and produced in traditional factories. That, combined with the energy required to charge batteries, means they are still impacting the environment, The Wall Street Journal reported. Eco-friendly cars have a different effect than standard vehicles, but the consequences exist. That also means that purchasing used cars for sale – therefore reusing already existing vehicles – could be beneficial because it cuts down on auto production. 

Used cars may also save drivers money. Hybrids and electric cars provide motorists with savings at the pump, but their initial costs may be much greater than those of pre-owned vehicles. Drivers who want to save money should instead consider what they could save by getting behind the wheel of a fuel-efficient used car. These options are an economical choice for many, as they get great mileage without the high upfront expenses associated with new cars. 

If you're looking for a used car that won't put a major dent in your wallet, head to NJ State Auto Auction. Not only is the lot home to hundreds of CARFAX-certified cars, trucks and vans that could be a great investment, but the facility also has financing services and specials that can help cut down on the price. It also boasts its own maintenance service, the Total Car Care Center, which keeps all vehicles in prime condition so they can achieve optimum efficiency. 

Status Of Auto Loans Is Good News For Drivers

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Posted in Auto Loans & Financing News

Used cars can be expensive, but recent good news regarding auto loans may make purchases easier for all kinds of buyers. Experian Automotive released its latest State of Automotive Finance Market report, and the data collected showed that more people are taking out car loans and fewer are defaulting on them. 

According to the report, 30-day auto loan delinquencies decreased 3.4 percent during the third quarter of 2013 compared to the same time last year. This drop comes as loan balances grow. Outstanding balances jumped by $103 billion in the past year, bringing the total amount of debt to be repaid to $782.9 billion. Although that may seem like a large sum, it is indicative of more individuals being granted larger loans, which is a good sign for subprime buyers who may have struggled with their finances in the past. 

"The combination of higher loan balances and relatively flat loan delinquencies is good news for everyone connected to the automotive industry, including consumers, lenders, retailers and manufacturers," said Melinda Zabritski, a senior director at Experian Automotive. "The availability of credit, combined with consumers' continued strong performance repaying their loans, has a positive spiral effect. It allows lenders to slowly but surely take on additional risk while providing more access to loans and paving the way for higher auto sales." 

With loans becoming more obtainable for all individuals, more people may begin looking into the possibility of investing in used cars. 

Anyone interested in buying a used car but needs help budgeting should reach out to the Financing Department at New Jersey State Auto Auction. Not only can you browse through the collection of CARFAX-certified vehicles on the lot, but you can also get advice and guidance regarding auto loans and financing options. 

Most Americans Have Not Driven Diesel-Powered Cars

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Posted in Auto Industry News

In today's world, many drivers are looking for ways to save, and that includes browsing through used cars for sale that offer the best possible fuel efficiency. A lot of these vehicles may feature diesel engines instead of ones fueled by gasoline, as the alternative power source provides a money-saving, eco-friendly option that many prospective buyers will find attractive. However, not as many drivers have gotten the chance to test out these cars. 

Recently, Honeywell Turbo Technologies conducted a survey to see how much experience American drivers had with these vehicles. Results showed that 70 percent of motorists have never driven a diesel-powered car. In addition, as many as 73 percent of Millennials, or those drivers under the age of 35, had not gotten behind the vehicle of one of these vehicles. Those numbers are surprising, especially considering the fact that more than half of adults knew that diesel engines could produce more power and offer better fuel efficiency than traditional gasoline engines. 

"Turbocharged diesel engines have an opportunity to make an impact with today's younger car buyers who understand and even prioritize the fuel economy advantages of the technology, but have not yet been able to drive one," said Terrence Hahn, Honeywell's president and CEO. "Turbodiesels and downsized turbocharged gasoline engines provide both automakers and consumers a no-compromise solution of greater fuel economy and performance with the added benefit of being more environmentally friendly." 

Whether you're searching for used cars with excellent fuel efficiency, impressive power or all of the above, you may be able to find what you're looking for at NJ State Auto Auction. The lot has hundreds of CARFAX-certified cars, trucks and vans for sale, and any one them may prove to be a solid option for your next investment. 

Gas Prices Set To Drop Before End Of The Year

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Posted in Auto Industry News

Fuel efficiency is one of the most important qualities that drivers look for in a future vehicle. In recent years, the high price of gas caused many motorists to turn to electric or hybrid vehicles as well as smaller, compact sedans that offer great mileage. However, experts predict that the average cost of fuel could drop to below $3 per gallon by the end of the year, providing plenty of relief for all drivers. 

CNBC reported that gas prices are already at the lowest mark of the year for much of the country. Approximately 35 states have stations will costs under $3 per gallon, with these establishments representing about 15 percent of all gas pumps in the U.S., according to data from AAA. 

The lower prices are largely due to an abundance of gasoline around the country. This should last for several months, which could encourage prospective buyers to look around for car models that offer a wider range of fuel economy. Instead of smaller vehicles, many of these drivers could turn to SUVs, pickup trucks and other large automobiles in the near future. 

"There's little demand in the fourth quarter and plenty of supply out there," Anthony Grizanti, a trader from GRZ Energy, told CNBC. "Fundamentals have finally taken center stage. … Prices probably won't start to rise again until Valentine's Day as we anticipate the spring and summer driving season of 2014. But for now, this market is very well supplied." 

As gas prices continue to drop, drivers may be able to consider purchasing different types of used cars than what has been popular in the past few years. At New Jersey State Auto Auction, motorists can browse through hundreds of CARFAX-certified cars, truck and vans that could be a great option for their next ride. 

Lower Gas Prices Have Drivers Considering Pickup Trucks

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Posted in Auto Industry News

For drivers thinking about buying a used car, the options may seem endless. Choosing from a wide selection of makes, models, years and colors is a difficult task, but in recent years the economic landscape played a greater role in this process than personal preference. However, now that the U.S. economy is on the road to recovery and gas prices are dropping back down from their record highs, prospective buyers have more options when they hit a used car lot. 

The Detroit Free Press reported that more Americans are starting to consider pickup trucks and SUVs when searching for a car. The recession caused many to look for smaller, compact models that boasted excellent fuel efficiency, but with gas prices returning to a manageable level and many recent pickup models improving mileage, these larger vehicles are becoming more attractive to drivers. 

"It is almost a perfect storm right now for truck sales to be strong," Jessica Caldwell, of Edmunds.com, told The Detroit Free Press. "And there is pent-up demand in that market as well." 

According to AAA, the current average cost of a gallon of gas is $3.25, which is lowest it has been in nearly a year. That price is also 11 cents cheaper than just one month ago, and the figure looks to keep falling. The ability to refuel without breaking the bank is one that all drivers want, so the fact that the pump prices are dropping may open up many opportunities for future car buyers. 

For a look at some of the best used pickup trucks available, head to New Jersey State Auto Auction. The lot is home to hundreds of CARFAX-certified vehicles, and one of the trucks could prove to be the right choice for a driver on the hunt for a pre-owned automobile. 

Millennials Investing In More Used Cars And Alternate Driving Options

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Posted in Auto Loans & Financing News

Buying a car is a big investment, and it's one that many drivers have to put a lot of thought into. Perhaps that is why many Millennials, or those people who are currently between the ages of 18 and 34, are putting off purchasing a new vehicle in favor of driving used cars or sharing vehicles with friends and family members. 

According to data from Edmunds.com, Millennials are still struggling with a turbulent economy, and fewer are searching for vehicles as a result. 

"Millennials haven't seem the same benefits in labor, housing and stock markets that Baby Boomers and others have enjoyed over the last year," said Dr. Lacey Plache, the chief economist for Edmunds.com. "As a result, younger Americans across all income levels had trouble pulling together the financial motivation to buy a new car." 

Although these young motorists may not have the finances for a new car, many are investing in high-quality used models. Often, the price points of the used cars for sale are more in line with a Millennial's budget. As the cars in the pool of pre-owned vehicles boasts better quality and offer more options than ever before, they are becoming attractive alternatives to new cars. That is something all motorists can appreciate, regardless of their age and financial situation. 

Drivers of any age who want to find a used car that can meet their needs and fit in their budget should look at the options at NJ Auto Auction. The auction lot boasts hundreds of CARFAX-certified cars, trucks and vans, and any one of these vehicles could be a wise investment for those who want an affordable used car. A financing department is also available to help motorists budget for an automobile.  

Many Car Buyers Look For Longer Loans

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Posted in Auto Loans & Financing News

The changing economic landscape has had a major impact on car loans. Many financing options have expanded to longer terms and lower monthly payments, which provides opportunities for subprime buyers to afford a vehicle even when on a tight budget. A recent trend involves car loans spread out for as long as seven years in an attempt to keep payments as manageable as possible, USA Today reported. 

According to the news source, some of the longest auto loans can extend anywhere from 73 to 84 months. Such payment plans have seen a dramatic increase in popularity in the past year, largely due to the current market for cars. Prices of vehicles have gone up in recent years thanks to improved quality, enhanced features and a smaller pool of used cars, which has forced prospective buyers to shop around for a good deal. 

"It's definitely market driven," Allen Foster, general manager of an auto lot, told the news source. "Customers want a vehicle, but have a budget to work within." 

Despite these long payment periods, many drivers are still looking for options that can help them reduce their monthly out-of-pocket costs. The majority of these individuals are shouldered with a worse credit score and have difficulty acquiring loans, regardless of the state of their bank account. 

If you still have more questions, consider reaching out to the Finance Department at NJ State Auto Auction. There you can work with experts who can provide tips for finding the best auto loan, while also taking advantage of the department's pre-approval form to qualify for special financing programs. One of these options could help you afford a used vehicle from the site. 

Many Motorists Admit To Drowsy Driving

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Posted in General Auto News

Getting behind the wheel means focusing all of your attention on the road in front of you. This becomes especially difficult when you are feeling tired, as drowsy driving can pose a major threat to everyone on the road. 

A recent survey from the AAA Foundation for Traffic Safety found that 28 percent of people admitted to having a hard time staying awake behind the wheel at least once in the past month. Although more than one-fourth of drivers reported facing this issue, an overwhelming 95 percent believe that it is unacceptable to operate a vehicle in this condition. About 83 percent say that drowsy drivers are a threat to the safety of themselves and others. 

"Drowsy driving remains a significant threat to the motoring public, with many drivers underestimating the problem of driving while extremely tired and overestimating their ability to deal with it," said Peter Kissinger, president of the AAA Foundation for Traffic Safety. "Driving while fatigued is dangerous because it slows reaction time, impairs vision and causes lapses in judgment, similar to driving drunk. We know that people can't reliably predict when they are going to fall asleep, and a very fatigued driver may fall asleep for several seconds without even realizing it." 

It could be difficult for some drivers to realize when they are too tired to safely operate a vehicle. Instances where they have wandering thoughts, find it difficult to focus, cannot recall the past few miles or minutes, or drift in and out of lanes all may signal that an individual is too tired to drive. 

The safest way to avoid drowsy driving is to know your limits and react appropriately. However, it can't hurt to have a vehicle that is equipped with excellent safety features. At New Jersey State Auto Auction, you can look through a collection of hundreds of CARFAX-certified cars, trucks and vans that could prove to be a strong option for any type of driver. 

How To Stay Safe When Driving In Winter

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Posted in How To

As the temperatures around many parts the U.S. continue to drop, more drivers are preparing themselves for getting behind the wheel in the winter. While much of this involves taking a car in for a tune up or investing in gear like snow tires, drivers will be looking for safe vehicles and brushing up on ways to stay safe on the roads. 

Michelin recently unveiled its Winter Driving Academy, an interactive, online information source that provides tips for safely operating a vehicle in colder weather. The guide explains that drivers should make the switch to winter tires when temperatures dip below 45 degrees Fahrenheit, and car owners also need to check tire pressure consistently to ensure the wheels can grip slick surfaces. 

Motorists are advised to spread out on the roads, leaving plenty of space between their car and others. That way, should a driver have to make a sudden stop, he or she has enough time to react appropriately – without coming too close to other vehicles. They should also make sure gas tanks are kept at least half full to avoid a frozen gas line. 

"Drivers need to understand and respect winter conditions," said Carl Nadeau, a professional race car driver and an expert at the Michelin Winter Driving Academy. "It's important to adapt driving to existing conditions, especially when facing winter hazards such as black ice and slush." 

If drivers are looking for a safe vehicle that can handle the rigors of winter, they may want to check out the selection of used cars for sale at New Jersey State Auto Auction. The lot has hundreds of CARFAX-certified cars, trucks and vans that could prove to be the right choice for motorists in search of a pre-owned vehicle. 

Avoid Collisions With Deer During The Winter Months

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Posted in General Auto News

It's not uncommon to encounter many different kinds of obstacles when traveling during the winter. Whether it's icy roads, snow banks or wild animals foraging for food near the roads, there is a good chance you will encounter some kind of complication when behind the wheel. You can take steps to avoid this, however, especially if you know what to look out for when it comes to deer and other wild animals. 

Unfortunately, accidents involving whitetail deer are a regular occurrence throughout the winter. They can lead to expensive damage to a vehicle – and harm to drivers, passengers or to the animals themselves. To avoid these collisions, drivers should start by slowing down. It is also important to stay alert, particularly during times when deer may be more active, including the hours between dawn and dusk. You should also stay alert when driving on roads near wooded areas where these creatures may make their homes. 

"Deer-vehicle collisions are an unfortunate and often painful consequence of living with whitetails, and there's no predicting when or where they might occur," said Carl G. Roe, executive director of the Game Commission. "Drivers should be advised, however, that deer have entered a period of increased activity and are crossing roads more often as a result. So now more than ever is a time to use extreme caution while behind the wheel." 

If you want to make sure your vehicle is capable of handling the steering and braking necessary to avoid collisions, bring it in to a garage like the one at New Jersey State Auto Auction. The Total Car Care Center at this auction lot can address any issues you may have regarding a vehicle.