If you've just bought a car online, you need to find a way to get it to your home. Or maybe you are moving and don't want to drive the car yourself. The most common method of moving a car long distances is an auto transport service. However many people find it is cheaper to use a drive away company instead. But is the cost savings worth it?
Car Shipping vs. Drive Away
An auto shipping service loads your car onto a trailer with other cars headed for the same destination or for another destination along the way. They coordinate shipments among many customers since the more cars they can load onto a trailer, the more economical the trip is. This can cause delays as they wait for a minimum of vehicles all headed in the same direction.
When you use a drive away service, they assign a person who to drive your car wherever it needs to go. Your car may be able to get to the destination sooner than a shipping service since it is a direct point-to-point trip with no detours for other vehicles.
Drive Away Adds Miles
The primary advantage of drive away is that the service is often cheaper than using a shipper. However there are a number of potential problems that come along with this savings.
When your car is shipped on a trailer, there is no wear and tear on the engine. On the other hand, using a drive away service puts miles on the car and that adds hidden costs to the service such as oil and fluid changes. Also, what happens if your car has problems along the way? If a driver gets stuck with an overheated or vehicle or a lit 'check engine' light, you'll also be paying for time in the shop and lodging for the driver.
Professionals vs. Amateurs
The main difference between auto transport and drive away is the quality of the drivers. Car shipping services use professional drivers. Your car is under the care of an experienced and trained specialist. This person is being paid to do a job and therefore has a personal stake in getting your car to its destination on time and in good shape.
On the other hand, there is no such thing as a professional drive away driver. Instead, drive away services are used by people who need to travel long distances and are looking for cheap alternatives to renting a car. Drive away drivers aren't paid for what they are doing. They get a free trip and a gas allowance in return for their driving services.
To be fair, drive away companies have standards for their drivers. They require clean driving records, references, and generally require drivers to be at least 21. However that is no guarantee of the quality of the driving. After all, this person is driving someone else's car and it's easy to get careless when it's not your vehicle.
You get a lot for the extra cost of a car shipping service, and that extra cost might be less than you think.
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Ask a Realtor, and you will get a resounding, "YES!" Watch any news network and you will sink into the doom and gloom forecasting that will have you watching every penny you spend. While you should definitely learn to read your local real estate market, it is more important that you gain an even better understanding of your own finances and long term goals.
It is true that we are currently experiencing a buyer's market. There are a lot of deals to be had out there, with foreclosures flooding the market and homeowners desperate to unload some of their financial burdens. Prices have fallen, even dramatically in some areas. Merrill Lynch says that home prices will fall 15 percent this year, and possibly another 10 percent in 2009. And with 30 year fixed rates at record lows, why shouldn't everyone be buying?
It is not only about the economy's health but rather about your personal wealth. There is a new bottom line in the real estate market: if you have a sizable down payment and a good credit score, you might get a loan. The pendulum has swung. Lenders have written themselves into a tight spot, have lost billions of dollars, and are not willing to take the same risks they did just a few years ago. Once-upon-a-time it seemed like anyone with a pulse got a loan.
Today, you have to prove your worthiness. Lenders will be willing to invest in you if you are willing to invest in yourself. If prices continue to drop, perhaps this is time you should take to bulk up your credit score and bank account.
While you are taking this time to empower yourself, keep an eye on the market. It is much better to buy while there is a down-trend than to wait for values to begin to climb, as they inevitably will. Interest rates will creep up again. This is the time for you to be proactive in a timely fashion. The real winners will be those that prime themselves by preparing beforehand.
Both Christine Harrell & Mary Bush are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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