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What is a Doc Fee?

Explaining Doc Fees in Detail

Doc Fee?  When it comes to buying a new or a used car, the price tag that you see kept on the top of it is not the only amount you have to pay to own it. A host of other charges applies as soon as you agree to own that piece of automobile such as licensee fee, title fee, sales tax, and various others. Dealers often add many other kinds of charges and this increases the selling price to several hundred dollars extra to what was initially agreed on. Hence, the final out-of-the-door prices that you are going to pay can be anything. These additional charges are often referred to as “doc fee” or “documentation fees” and it is highly suggested to determine them prior to making the full payment.

What is a Doc Fee?

Although the introductory paragraph might have given you a glimpse of doc fee, here is a complete explanation of what it actually is and what are its capacities.

A doc fee, also known as documentation fee, conveyance fee, or document fee – is the additional fee charged by car dealers for processing the vehicle’s paperwork. The fee covers the cost of all the big and small documents that get evaluated in the process such as the DMV, registration, preparation fees, VIN etching, etc.

Is it legal? How can you know it is not fraudulent?

In most of the cases, the doc fee is not regulated by the dealer, but by the government. The dealers make a profit from the car that they sell to you at its selling price. Whatever money you are paying additional for the paperwork of the vehicle goes to the several departments of the government. However, if you are in a place where the state government does not regulate the fees, the dealer can hit any price on you.

Is it negotiable?

Generally, the doc fee is not negotiable. Only the selling price of the new or used car that you are going to purchase is negotiable. The doc fees are generally capped by Government and dealers are not allowed to make any changes to it. For those areas where dealers are regulating the fees, they might be negotiable.

Is it necessary to pay them?

The answer is a definite ‘yes’. The documents include the legal certificates and registration copies of the car that makes you eligible to own or drive it. You must ensure that all kinds of taxes, fees, and prices are paid before you take it out on the road. Because, if you get caught driving the vehicle with no or incomplete documents, you might have to pay a hefty fine.

Therefore, while purchasing the car, always ask the dealer for its overall price. This will include the selling price of the car, doc fees, sales tax, and other charges. Make sure with the dealer that no new fee crops up later that will modify the price. In case it does, you always have the option of shifting to some other honest dealer.

Used Cars and Trucks in Utah – What types do you sell?

Used Cars and Trucks in Utah

We have the used cars and trucks in Utah that you’re looking for.  Need a Sedan? SUV? Minivan? Truck? We have many used cars and trucks in Utah, across locations in Ogden and Salt Lake City, Utah. We carry automobiles of all types, years, and mileages and will help you get exactly what you need. Every vehicle passes safety and emissions and is serviced and cleaned at our own in-house service center, so you can be sure of clean, safe, reliable transportation.

Perks of Buying a Car from Lucky’s

Each vehicle includes a 24 Month/24,000 Warranty, Oil Changes, and Safety & Emission inspections, so you can rest assured your purchase with us is protected and will last as long as possible.  If you’re shopping for used cars and trucks in Utah, apply now!

Excellent Selection

With the variety of weather in Utah, we realize that you need a selection to choose from.  Whether you need to travel through snow or mountains, or if you need a commuter car that gets good gas mileage, we carry it all.

View our used car inventory.

Below is a list of used vehicles we typically sell:

Acura
Audi
Buick
Cadillac
Chevrolet
Chrysler
Dodge
Ford
GMC
Honda
Hyundai
Infiniti
Jeep
Kia
Land Rover
Lexus
Lincoln
Mazda
Mercury
Nissan
Pontiac
Saab
Saturn
Subaru
Suzuki
Toyota
Volkswagen

Why Do I Have a Bad Credit? And, How do I fix it.

Why Do I Have a Bad Credit?

You work hard to make sure that your credit score remain high, right! Unfortunately, all your hard work could be hurt by seemingly small things that could give a big impact on your credit history. From parking ticket to auto loans, irresponsibility could take down your credit score. Credit score is a tricky thing and some harmful action or behaviors can terribly impact your credit. Having a blemished credit history is likely to mean you are turned down when you apply for car loans or borrowing money, giving rise to think that your credit is blacklisted or bad credit rating. By understanding the biggest mistake determine or reduce problems that might affect your credit. Here are some of them:

Making late payments

Your credit history accounts 35% of your credit score. Late payments records hamper your ability to finance major purchases such as a car as much as a personal credit history full of mistakes. So, if you fail to make debt repayments on time, it will show a red flag to credit agencies.

Closing card account

Closing credit accounts is a bad idea to boost credit scores. A closed credit account will fall of your credit report sooner than later. The positive history associated with a account is removed from the credit report, if the account is closed. Credit history counts for 15% of FICO score. So, the one with younger credit are more risky then consumers with older history.

Over utilization of your available credit card limit

If you wish to establish a bad credit, charge your credit upto their limit and keep them there. Apparently not, because high balance on your credit cards takes your credit score down. The credit score is based on ratio of total, debt to total available credit. Your credit balance goes up, your credit score goes down. So, try your best reduce the percentage and pay them down as much as possible.

Error in credit report

Mistake on your credit report, which lenders check is an important part of credit score process. If there is some error in credit report related to debt or dues that does not apply on you then report the reference agency immediately. If you spot some case of fraud in your name without your acknowledgement then report to get investigated and removed.

Filling bankruptcy

Last but not the least, Bankruptcy is an undisputed champion in destroying an excellent credit rating. This undeniable one of the worst thing, which can cause a lose of 200points in credit score. It may take 10 years to fall from your report, but the impact will lessen over the time. Filling bankruptcy is like pushing a financial reset button. This is an important decision and needs precise concern and information. Take helpful suggestion before filling one.

If you see anything on the list you know you’re guilty of? Start taking necessary steps to properly address the problem as soon as possible. Be consistent in paying down bills and debt on-time and create a clean bill of credit.

How to purchase a vehicle – What are the requirements?

What are the requirements for purchasing a vehicle at Lucky’s Auto Credit?

The requirements are EASY! To purchase a car at Lucky’s you will need a valid Utah Driver’s License, a piece of mail like a utility bill or something similar that shows evidence of your name and address, and your most recent pay stubs or proof of income. You will talk to one of our friendly sales professionals and we’ll show you vehicles that fit your budget and credit situation. It’s easy to understand how to purchase a vehicle at Lucky’s Auto Credit and it only takes a few minutes. We have very convenient utah dealership locations in Utah to serve you: Ogden and Salt Lake City.

Do I have to have Good Credit?

We don’t require good credit, or any credit at all. In fact, we don’t care about your credit history at all. Your approval is based on a stability assessment that your salesperson goes over with you. Most people are amazed an how much they qualify for, and how little money they need to put down.

Our Goal is to Help You

At Lucky’s Auto Credit we want the vehicle and the loan to fit your specific needs. Fill out an application here to see if you pre-qualify! It’s the easiest way how to purchase a vehicle with bad credit in Utah!

Understanding a Vehicle Purchase Contract

Understanding a Vehicle Purchase Contract

When reading through any type of contract, whether it’s a legally binding contract or not, it is important that you grasp the concepts that are being presented through the use of the contract. In order to properly understand a contract, there are certain terms that you will need to be familiar with in order to ensure that you understand what you are agreeing to. There are many basic terms that are used in contracts that are legally binding, and these terms are perhaps the most important part of the contract, which means that the line that one of the following terms is included in should always be given special attention. This article will cover the basic terms that are used often in contracts that you will encounter.

Acceptance – Acceptance is the agreement to any terms listed in the contract. Until acceptance has been given, any terms in the contract can be taken back.

Conditions – Conditions of a contract are the basic terms of a contract that will be agreed to. When conditions are given, the individual signing the contract will read the conditions and either accept them or deny them.

Exemption Clauses– Exemption Clauses are terms of a contract that protect the party from liability in the terms of specified outcomes that may happen. Exemption Clauses are often included in a contract in order to ensure that the individual signing the contract cannot place blame for any negative outcome on the party writing the clauses.

Express Terms – Express Terms are the terms and conditions that are specifically stated in the contract.

Jurisdiction – Jurisdiction usually states the state or country in which the legal laws will be placed on the terms of the contract.

Liability – Liability is defined as the legal obligation of a party to cover any damages or blame that happens during the period in which the contract is effective.

Subject to Contract – Usually, this term will be used by any parties who are involved in the writing and signing of a contract. This term means that the discussion that is currently being held does not concern the overall acceptance of a contract.

Void – A contract becomes void when the individual or party who has accepted the terms of the contract can no longer abide by the terms listed in the contract.

Warranty – Warranties are defined as promises that are laid out in a contract, but are not on the same level as conditions. When a warranty is given, the party creating the contract is liable for damages to the individual or item listed in the contract.

What is a Good Credit Score?

What is a Good Credit Score?

You may not fully understand your credit score. When trying to get a loan, you may think, “What is a Good Credit Score?” You want to know what type of score you need to qualify for loans. You want to make sure that you are on the right track or that you know when there is a problem. If you do not know what a good credit score is, though, you cannot do this. Thankfully, it is not that hard to understand. While there are several sources for a credit score, it is all easy to understand and is quite similar.

There are several sources for a credit score, as mentioned above. One source is not the same as another source. A lender will look at these scores to determine where you stand. An important part of these scores is that their range differs, too, so the lenders are not looking for a single specific number. They all start from the low hundreds and go up to the high hundreds, but the exact starting point and ending point changes. Since it changes, what makes a good score or the line drawn for a good score is not the same for all of them.

What makes a good score is not the same for all lenders, either. Looking at a single score, the line drawn will change from lender to lender. Some have higher standards or expectations while others are more lenient when looking at credit scores. A 700 may be the minimum score required for one lender, but 600 or 650 may be the minimum for others. Since there are so many differences between lenders, you should not aim for a single number. You should attempt to make your score as good as possible so that you can gain from a high credit score. By aiming for as high of a credit score as possible, you can try to qualify for all lenders.

When thinking, “What is a Good Credit Score?” there is not a lot to consider. A good credit score is a high score. As long as the number is as high up there as possible, you will have a good score. The line drawn and the minimum and maximum scores change, but there is one constant: You should aim high. If you already have a good score, try to improve it and keep up the good work. If not, work on improving it so that your score can actually benefit you.

Does a Car Loan Help My Credit?

Does a Car Loan Help My Credit?

You would have probably heard about how a car loan can actually help you in increasing your credit history. But, you must be wondering, ‘Does a car loan help my credit?’ Well, we will try to provide an answer for this question below. Yes, if you are trying to improve the credit health of yours, after facing a bankruptcy, or are just trying to get started as a borrower, taking car loans, and repayment of these loans can help in building up your credit score. Well, we give some details regarding the car credit, and how these are helpful:

Does a Car Loan Help My Credit? – Reasons

    • Auto loans are paid back in instalments. When the lenders and the credit bureaus check the credit history of a person, they like to see a good mix of revolving credit and instalment loans. The revolving loans include the home equity loans, and the credit cards. And, the instalment loans include the auto loans, mortgages, and the student loans. Auto loans is one of the easiest kind of loans, and you will be eligible for a good credit history.
    • Refinancing of auto loans is easy. If you are a borrower without credit history, you will have to pay the premium for the car loan. And, the interest rate could be high, too. But, after you make the payments on time, for about one or two years, you would be able to refinance the car loan at a lower rate of interest.
    • Flexible car loan repayments: Early payment of loans might invite penalties, but other than that, the car loan payments are quite flexible. And, if the monthly instalment for the car is low, you can also plan to make double payments, or extra payments, whenever you feel that you have the liquidity. When you are able to make the payments faster, it can reduce your interest burden, and can also help in boosting the credit score.

    These were some of the reasons for taking up a car loan. Hope these answers were satisfactory, and helped you in finding the answers for ‘Does a car loan help my credit?’ Taking a car loan is definitely a good and easy way for boosting the credit history. It is not only easy, but is also quite flexible and affordable. You can drive your way to a good credit history, by purchasing a car with car loans.

Winter Driving Car Maintenance

Winter Driving Car Maintenance

When the cold season hits, and the roads begin to turn to ice, Winter driving maintenance is incredibly important in order to ensure that your car is not only prepared for the Winter and ready for the icy roads, but is also going to continue starting without any type of difficulties on cold, snowy mornings. Of course, not every city gets snow over the Winter, but even for cities that simply have a temperature drop during this blustery season, Winter driving maintenance still helps to protect your car from suffering over the Winter time, as well as saving you time every morning when ice does build up on your windshield.

This article will cover a basic checklist that you can follow in order to prepare your car for the winter, and keep your vehicle running smoothly until warmer weather arrives once again.

Check Your Anti-Freeze Levels

Most vehicles have the radiator flushed every spring, so by the time winter comes around, many times the Anti-Freeze level and 50/50 balance of Anti-Freeze and Water has been thrown off. The first step to preparing your vehicle for winter is to check the Anti-Freeze levels in your vehicle, in order to ensure that your radiator continues working as it should.

Check Tire Tread

When the roads become slick the only thing that is going to keep you from sliding on the ice is the depth of the tread on your tires. The National Highway Transportation Safety Board recommends have 2/32″ of tread depth during the winter, although having more tread in your tires is never a bad thing. If you have less than 2/32″ of tread depth, and your tires are nearly bald, it is important to purchase new tires in order to ensure that your vehicle and your family is safe on the slick or icy roads.

Check Your Washer Fluid

In order to avoid having icy windows that take forever to scrape each morning, ensuring that your washer fluid has anti-freeze in it will allow you to simply use your wipers to clear your windshield, in most cases.

Replace Your Wipers

Because your wipers will need to stand up to both ice and snow during the Winter, purchasing new wipers for your vehicle will help to ensure that your wipers are able to scrape away ice (with the help of your washer fluid) and clear your windows in the morning, and during snowy times.

Used Car Warranty

Used Car Warranty

Used Car Warranty

Every car purchased at Lucky’s Auto Credit includes a 24-month/24,000-mile used car warranty with a $100 deductible.  This warranty is serviced by Olympus Reinsurance Ltd. and covers a wide array of mechanical issues that may prevent a car from operating properly.

Why is a warranty needed?

Since it is nearly impossible to know exactly when or if a car is going to stop running, we wanted to ensure the car is covered in case of mechanical breakdown. Sometimes it feels like they seem to break down at the most inopportune times (family vacation, road trip, when you’re late for work, ect…). To help with the costs of the repairs, the used car warranty covers (after deductible) the most important parts of the car’s vital mechanical features (i.e. Engine, Transmission, Alternator, ect..).

Who does it cover?

As mentioned above, any car purchased at Lucky’s Auto Credit includes this used car warranty.  What most people may not know, is that we’ve extended the coverage to any past customers who purchased a car and are within the ranges mentioned above.  For example, if a customer bought a car 14 months ago and have driven 18,000 miles, they would be eligible for the new warranty coverage until they hit 24,000 miles or 24 months, whichever comes first.

What does it cost?

The warranty is automatically included with every car purchased.

What does the warranty NOT cover?

A used car warranty typically does not cover minor or cosmetic issues such as body or interior damage, broken windows, headlights, tires, normal brake wear and tear, lock issues, radio or sound, heat/cooling

Ok, I’m ready to buy now!

If you’re in need of a car you can apply online or come into any one of our awesome car dealerships located in Utah.  Lucky’s Auto Credit has very low down payment minimums and the approval process is very simple.  Everyone gets approved for a plan, but your situation, ability to pay, and stability dictate which cars you can afford in your budget.  Our goal is to help those who get turned down elsewhere and we strive never to sell a car to a customer that can’t afford it.

How to Build Good Car Credit

How to Build Good Car Credit?

While most of us have a credit card with us, it is usually not easy to get hold of the first credit card. There are lots of things, which are checked by the credit card company, before they issue an unsecured credit card. Also, if you wish to purchase anything in life, you need to also have a good credit. Having a good credit history can make you eligible for all kinds of loans, like housing loans, car loans, and other kinds of loans. So, how does one build a good credit history? How to build good car credit? These are some of the questions, for which you will find answers over here.

Want to Know How to Build Good Car Credit?

There are some ways by which you can build a good car credit. And, that is by not paying the full money in cash. Well, if you are planning to purchase a car, you can use the option of dealer financing for purchasing the vehicle. Once you take the dealer financing, you can prepay the complete loan, after just one monthly instalment. Are you wondering how this will help you? Well, you will be paying minimal interest, and you would be establishing a good credit history, by making the payment on time. In fact, some people end up getting better deals on their cars, because the dealers give a lower price when they help you in financing the loans. So, you would actually be making a good profit.

Yes, this is one of the best ways for improving the car credit. And, with the help of this credit history, you would be able to get a credit card issues on your name too. But, once you have the credit card, you should use it in a responsible manner. Sometimes, the credit score is calculated on the basis of the time period, for which the accounts are open. So, it is always useful to have the credit card account kept open. This will help you in achieving the high credit score. And, of course, you should pay the bills on time, and in full. But, remember that you should not go overboard with all these credit cards.

Hope you got your answer for “how to build good car credit”. You can use these options, and improve the car credit, which will be useful for you in purchasing new cars, and also in other things.

Used Cars & Trucks in Utah: Makes and Models

Resources:

Used Cars & Trucks in Utah
Can I get a Car Loan with Bad Credit?
View All Used Cars
Utah's Auto Shop
Referral Program

Acura
Audi
Buick
Cadillac
Chevrolet
Chrysler
Dodge
Ford
GMC
Honda
Hyundai
Infiniti
Jeep
Kia
Land Rover
Lexus
Lincoln
Mazda
Mercury
Nissan
Pontiac
Saab
Saturn
Subaru
Suzuki
Toyota
Volkswagen


* 77¢ down offer approval is based on job and residence stability, & ability to afford payments. While supplies last.

No information contained herein can be relied upon as legal, tax or any other type of professional advice. It is for general informational purposes only and does not apply to your particular set of circumstances.
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