Tag Archives: auto

How MyRate From Progressive is Saving Me 20% on My Auto Insurance

As I mentioned in my post on auto insurance, I am currently insured with Progressive. I switched to them because #1, they were the least expensive and #2, they offer the MyRate program. What is the MyRate program you ask? I’ll tell you!

Progressive MyRate Program

The MyRate program helps out drivers who are safe and drive only occasionally. In my case, I fit both of those classifications. I hardly ever break hard, go over 75 mph, etc. I also only have to drive 2 miles to and from the train station each day. Actually, it seems I am getting ripped off for insurance because I drive so little (I pay around $500 every 6 months). So in other words, I am being “classified” as a typical driver when I am actually not.  Here is how the MyRate program works:

1. Plug in the MyRate Device in Your Car

The device that they send you (for free) plugs right into your car. It monitors things such as time spent in the car, speed, breaking, excessive acceleration, etc. So obviously, if you do all of those things in excess, this program is probably not for you.

2. Drive as You Normally Would

The device then wirelessly and securely sends information to Progressive. It’s that easy! You really do not even know it’s there.

3. Log In and See How Well You’re Driving

This is by far the funnest part. I love logging in and seeing how my driving compares to the masses. Here is how I compare to the nation on average per day:

Number of Trips Per Day:     Me 3  |  Nation 5

Driving Time:     Me 0:52  |  Nation  1:12 (in hours)

Over 75 mph:     Me 0  |  Nation 0:42

Mileage:     Me 30.7  |  Nation 31.1

Sudden Starts:     Me 0  |  Nation 2

Sudden Stops:     Me  0  |  Nation 4

Those are some pretty good numbers on my part. You know what that means? I SAVE MONEY!

According to the renewal rate, I will be saving $105 at my renewal. A savings of around 20%! Not to bad for being a good driver.

I think I will be staying with Progressive from now on thanks to this program.

Anyone else using this program or planning to switch after reading this?

Car Wash Costs May Make You Think Twice

This is a guest post from the future Mrs Adam. As you will see, her writing style is quite different from mine and hopefully it will give you a break from my mundane babble. Hopefully, I can get her to post some more things in the future.

car wash @ new york cityWith summer time right around the corner, I felt it necessary to give some insight on the grand task of washing the car. Most of us lead very busy lives with hectic schedules, many places to go and people to see. This type of schedule often leads to slacking in certain areas like washing our vehicles. Since we spend a good penny on our automobiles and should want to keep them clean, most of us probably find ourselves saying, “Thank God for the car wash”! Right? After all, some of us do not want to go through the hassle of reeling out the hose and filling up the sudsy bucket to spend an hour scrubbing away on the car. Especially when in 5 quick minutes you can be through a car wash with a spick and span ride. I say, to everyone that is thinking they are very guilty of being sucked into the car wash all too often, wait a minute and at least listen to what I have to say. Keep in mind that I am in no means discrediting the local car wash because after all, it has been there for me when I needed it most.

As far as costs go, it should be very obvious to us that it is expensive to go to a car wash (I am mostly referring to the kind that has all the wishy-washy scrubbers that you drive through and has an air dry at the end). For instance, to go to the car wash you can pay anywhere from $5-$8 depending on the type of “wash” you get. The more expensive washes claim to wash extra areas and sometimes even include a clear coat rinse. We may never know if these items, worth more money, are truly worth it. Anyway, if you were to purchase one of these car washes twice a month for a year, and let’s say you purchase the most expensive one because you are easily persuaded by all the extras, it comes to a total cost of $208 dollars. $16 dollars a month may not seem like a lot, but I know I would rather have it in my wallet to use for other items like milk, eggs, and bread at the grocery store. Some of us would probably never use the car wash that frequently, but there are some out there that may even go as far as once a week to the car wash…which is $32 dollars a month (perhaps those of us more obsessed about having a nice looking ride all of the time). With things like rain and dirt appearing all too often, I would say it’s not worth going that often.

Let’s list some benefits of going to the car wash:

1) It’s a place to go for those who do not have a place to wash

2) It’s quick

3) It’s convenient for people who do not have patience or interest in washing their own car.

Some pitfalls to going to the car wash are:

1) It is expensive!

2) It does not clean all the nooks and crannies of your car. There are always spots that still need cleaned after paying at the car wash

3) You have no control over what is being used on your car (soap, scrubbers, etc)

4) The drying process. If you have gone to one of those car washes that offer the “blow dry” feature at the end, then you already know that it never really gets your car dry. What ends up happening is an $8 car wash that should have made your car look awesome leaves it looking mediocre because either dust clings to your wet car when driving away or you ended up with water spots all over your car.

Now let’s take a closer look at washing the car yourself. You can go out and purchase all the items needed to wash a car for under $20. Once these items are purchased, you are as good as gold for a while, perhaps months, as long as you have access to a hose and a place to wash. This could end up saving you a lot of cash in the long run. Other than saving money, there are many other benefits to washing the car yourself.

The benefits of washing your car yourself are:

1) It gets you good exercise! Getting out and scrubbing the car is a great way to burn calories

2) During the nicer times of year it is a nice way to get outside to get some fresh air and sun. Even if it’s hot outside, just give yourself a mist with the hose. It actually feels pretty good!

3) You will get a much more detailed wash. Washing your car by hand gives you the ability to clean everything properly down to removing those pesky bugs that get plastered on the front bumper in the summertime. As mentioned before, the car wash will never remove all the dirt and grime, especially bug guts!

4) You have total control over the products used to clean your car. It is important to use decent car wash soap as well as a soft scrubber. Avoid scrubbers loaded with dirt and grime because the small particles could scratch the paint on your car. Ever wonder what kind of build up is in the scrubbers at the car wash?

5) The drying process. At home you can use a shammy to properly dry your vehicle to avoid water spots from appearing on your newly cleaned car

6) Pride. It is always nice to take a step back and look at a job well done after washing the car. There is nothing more satisfying than a nice shiny car

The pitfalls to washing your own car are:

1) You hate to wash the car

2) You do not have a sufficient place to wash the car

Now, I know that there are some of you out there that have read this, but still insist on using the local car wash for most of your washes and you have your reasons. But hopefully some of you that have been falling into the car wash routine will see the benefits to washing yourself and try it more often. I personally LOVE washing my car. It is a good stress reliever, I feel like I am getting some exercise, and I know that since I am paying a lot of my money for my car, I should be the one taking care of it.

Here are some tips for washing the car:

Many people may not know this, but DISH SOAP is VERY BAD for the paint on your car. Avoid using it at all costs. You can purchase soap specifically made to wash the car at any auto store and places like Walmart, Target, Sears, etc. I use soap by Turtle Wax that claims to put a waxy finish on your car. It’s nice.

If you truly want to keep your car in good shape, then taking care of the finish is important. Waxing the vehicle is essential in keeping the finish like new. Wax blocks harmful things from eating away at the paint on your car. You should wax your car AT LEAST once a year, but I would suggest every 6 months especially right after winter when your paint finish has been exposed to things like salt and calcium from the roads.

Lastly, Tires. To make your car have a complete clean look, cleaning your tires is important. Nothing compliments a clean shiny car more than a set of black shiny tires. Use a spray on foam from brands like Armor All after you are finished washing to make the tires look slick.

Any suggestions from other car washers out there on products that work for you would be great!

After reading this article are you more inspired to wash the car yourself, or will you continue to use the car wash despite of costs?

Creative Commons License photo credit: pixel0908

Buying a New Car? Cash Rebate vs 0% Financing Spreadsheet

I think the toughest part about buying a new car is selecting a model. When I searched for my most recent car, it took me months to figure out which one I wanted. I even feel like I settled on my Chevy Malibu because I was just tired of shopping. Whatever car you end up selecting, there comes a time when you have to choose between the cash rebate and the super low financing rate (typically 0%).

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Cash Rebates

Cash rebates are exactly what they sound like. Many automotive companies offer cash back when you purchase one of their new cars. If you see a commercial for a new car that offers $2,000 cash back, you can expect at least $2,000 off the MSRP. There are several types of rebates so make sure you know about all of them. You can get rebates for being a recent graduate, being in the military, etc. Make sure you negotiate the lowest price before mentioning any rebates. This will ensure you receive the best deal possible. You can find a list of current rebates at this site.

Special Financing

Many companies also offer the chance to get great financing rates through their company. Many companies, especially right now, offer 0% financing for a couple of years. Even if they do not offer 0% rates, they usually still offer rates lower than you can get through traditional banks.

Which Offer to Choose

Now comes the part where you need to figure out which one to choose. Here are the options which you will need to pick from:

1. Pay Cash for the Whole Car

In this case you should obviously take the cash rebates. You should also be proud of the fact that you will own the car free and clear. Congratulations!

2. Take the Cash Rebate and Finance the Car at an Outside Bank

With this option, you need to figure out if the amount of the rebate will be greater than the amount of the interest expense of the outside loan. For example, let’s say you need to borrow $15,000 for the new car and you can get a 60 month loan at your credit union at 5%. Over the term of the loan you will pay $1,984 in interest. So for this example, if the rebates are greater than $1,984 you should take the rebate and finance it at the outside bank. You can search for auto loan rates in your area at Bankrate.com. Also consider joining a credit union. They always seem to have great rates. You can use the spreadsheet at the end of this post to calculate the interest expense. It will also tell you which option to choose.

3. Pass on the Cash Rebate and Finance the Car at the Special 0% Rate

If the rebates are smaller than the interest expense you calculated for #2 (using the spreadsheet at the end of this post), you should use the 0% financing (assuming you qualify).

I should note that many companies are offering cash rebates PLUS 0% financing right now due to the economy. If that is the case, you should obviously take both.

Spreadsheet to Help You Choose

Use the following spreadsheet to help you choose the best option for you. Be sure to read the comments in the spreadsheet so you get all of the numbers in the right spot. Enjoy!