Bad Credit Car Loan Vs Guaranteed Auto Financing – Will You Save Money?

You’re in the market to buy a new car and that’s great. Today most everyone buying a new vehicle will need some form of auto financing and if you find your personal finances or credit are less than perfect, you can still get a very affordable car financing if you know how.

An informed car buyer is a smart car buyer. When you know your auto financing options and you have your car financing set up and approved before you talk to any sales person, you can walk into a car dealership and negotiate a better deal on your terms without feeling intimidated, regardless of your financial situation.

If you know that you have certain credit challenges, you should understand the differences between bad credit car loans and guaranteed auto financing.

Bad Credit Car Loans…

Bad Credit Car Loans typically have been available through new car dealerships on the purchase of a new car or a pre-owned certified used vehicle. The actual auto loan financing paper-work is handled at the dealership but in general, the bad credit car loan finance contract is sold off to another lender. That lender will maintain and service your loan. Loans typically have a term of 24 months up to 60 months. The downsides to a bad credit car loan are that many franchise car dealerships are not set up to arrange these type loans in-house, interest rates and cost can vary widely and limit your auto purchase choices.

Guaranteed Auto Financing…

Guaranteed Auto Financing differs from a bad credit car loan primarily in that this type financing is offered directly by smaller or independent auto facilities. Your finance contract is provided by the actual auto wholesale dealer and the loan is paid directly to the auto dealer that sold you the car. In other words, you would be financing your car purchase from the company that owns it and sold you the vehicle. Guaranteed auto financing is used for the purchase of used or pre-owned vehicles and not typically for purchasing a brand new car or truck. Loan terms are shorter than more conventional auto loans and they rarely offer terms over 36 months.

The big advantage to guaranteed auto financing is that often no credit check is required to obtain this financing. Payments are normally made weekly and sometimes in person. One disadvantage to this type of auto loan is that many car dealers providing guaranteed auto financing will never report your credit to the credit bureaus. So if you’re making payments regularly and establishing an excellent payment history, this will not be reflected in improving your personal credit profile or your credit score.

Your best approach would be to start now and see what financing options are available for you. There are excellent specialized auto financing services available online today that offer a whole range of affordable car loan programs even if you’ve been turned down for financing or you have poor credit, bad credit or other financial considerations, you’ll be surprised at how they can help you to buy a new car.

You see now that there are major differences between a bad credit car loan and guaranteed auto financing and there are other financing options besides these. Get approved for the best car loan for you first, then walk into the car dealers and negotiate on your terms.

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Bad Credit Car Loan Vs Guaranteed Auto Financing – Will You Save Money?

You’re in the market to buy a new car and that’s great. Today most everyone buying a new vehicle will need some form of auto financing and if you find your personal finances or credit are less than perfect, you can still get a very affordable car financing if you know how.

An informed car buyer is a smart car buyer. When you know your auto financing options and you have your car financing set up and approved before you talk to any sales person, you can walk into a car dealership and negotiate a better deal on your terms without feeling intimidated, regardless of your financial situation.

If you know that you have certain credit challenges, you should understand the differences between bad credit car loans and guaranteed auto financing.

Bad Credit Car Loans…

Bad Credit Car Loans typically have been available through new car dealerships on the purchase of a new car or a pre-owned certified used vehicle. The actual auto loan financing paper-work is handled at the dealership but in general, the bad credit car loan finance contract is sold off to another lender. That lender will maintain and service your loan. Loans typically have a term of 24 months up to 60 months. The downsides to a bad credit car loan are that many franchise car dealerships are not set up to arrange these type loans in-house, interest rates and cost can vary widely and limit your auto purchase choices.

Guaranteed Auto Financing…

Guaranteed Auto Financing differs from a bad credit car loan primarily in that this type financing is offered directly by smaller or independent auto facilities. Your finance contract is provided by the actual auto wholesale dealer and the loan is paid directly to the auto dealer that sold you the car. In other words, you would be financing your car purchase from the company that owns it and sold you the vehicle. Guaranteed auto financing is used for the purchase of used or pre-owned vehicles and not typically for purchasing a brand new car or truck. Loan terms are shorter than more conventional auto loans and they rarely offer terms over 36 months.

The big advantage to guaranteed auto financing is that often no credit check is required to obtain this financing. Payments are normally made weekly and sometimes in person. One disadvantage to this type of auto loan is that many car dealers providing guaranteed auto financing will never report your credit to the credit bureaus. So if you’re making payments regularly and establishing an excellent payment history, this will not be reflected in improving your personal credit profile or your credit score.

Your best approach would be to start now and see what financing options are available for you. There are excellent specialized auto financing services available online today that offer a whole range of affordable car loan programs even if you’ve been turned down for financing or you have poor credit, bad credit or other financial considerations, you’ll be surprised at how they can help you to buy a new car.

You see now that there are major differences between a bad credit car loan and guaranteed auto financing and there are other financing options besides these. Get approved for the best car loan for you first, then walk into the car dealers and negotiate on your terms.

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Saving Money – Bad Credit Car Loan Vs Guaranteed Auto Financing

So you need a new car. If you are like most everyone else in the country, you are going to need some sort of financing. That may not be a happy prospect to face if your credit scores are less than stellar. If you follow some guidelines and keep your thinking cap on, you can find guaranteed auto financing or a bad credit car loan.

Give the Dealer the Brush-Off

If you walk onto a dealership lot with all your financing squared away, you are walking onto that lot with a certain amount of power to find the best car at the best cost. You will not have to worry about dealers doing you a big favor or making you feel lucky to even have a loan considered. Your credit challenges do not have to be any business of the sales clerk.

Three Options to Consider

Since you know you have certain credit challenges, you should thoroughly understand the options available to you – bad credit car loans, guaranteed auto financing, or online lenders.

Bad Credit Car Loans

New car dealerships do typically offer bad credit car loans with the purchase of a new car or a pre-owned certified vehicle. Sure, all the paperwork may be handled at the dealership, but those loans are usually sold off to lenders on the side. That is the party that will maintain and service the loan. They can range in terms from 12 to 60 months. And the rates, fees, and costs can vary widely from dealer to dealer, but the options available at any one dealer can be severely restricted, offering no real choices.

Guaranteed Auto Financing

These types of loans differ from bad credit car financing in that they are offered by smaller or independent car financing facilities. The finance contract is provided by the wholesale auto dealer and is paid directly to the dealer that sold you the car. This financing never offers you the opportunity to apply your good faith payments toward helping your credit score. These are most often used for used or pre-owned vehicles. New vehicles are rarely financed this way. These require no credit check. Payments are usually made weekly and can even be made in person.

Alternate Online Lender Options

Another option concerns online lenders. Many people have suffered from bad credit lately so there is a large market for poor credit auto buyers. Many lenders have entered the market and competition can be fierce. You could find a very good deal and get your credit report updated too. If you have been turned down with the other options, go online. You may be surprised at how easily you will be approved. Some may even be willing to finance a new car for you.

Go Loan Shopping Before You Go Car Shopping

So, you do have options. Sit down, figure out a budget, calculate what you can afford every month, then approach a lender. Allow yourself time to do some diligent shopping. The more you do, the better you will come out on the overall price of the loan and the car. Once you have secured a loan, you can walk into a dealership with confidence and get the best car deal you can finagle. Bad credit car loans, guaranteed auto financing, and the internet are all good tools, use them.

Jessica Peterson is an Unsecured Personal Loan Consultant with more than twenty years of experience. For more information about Bad Credit Personal Loans and other financial products please visit YourLoanServices.com

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Bad Credit Car Loan Vs Guaranteed Auto Financing – Will You Save Money?

You’re in the market to buy a new car and that’s great. Today most everyone buying a new vehicle will need some form of auto financing and if you find your personal finances or credit are less than perfect, you can still get a very affordable car financing if you know how.

An informed car buyer is a smart car buyer. When you know your auto financing options and you have your car financing set up and approved before you talk to any sales person, you can walk into a car dealership and negotiate a better deal on your terms without feeling intimidated, regardless of your financial situation.

If you know that you have certain credit challenges, you should understand the differences between bad credit car loans and guaranteed auto financing.

Bad Credit Car Loans…

Bad Credit Car Loans typically have been available through new car dealerships on the purchase of a new car or a pre-owned certified used vehicle. The actual auto loan financing paper-work is handled at the dealership but in general, the bad credit car loan finance contract is sold off to another lender. That lender will maintain and service your loan. Loans typically have a term of 24 months up to 60 months. The downsides to a bad credit car loan are that many franchise car dealerships are not set up to arrange these type loans in-house, interest rates and cost can vary widely and limit your auto purchase choices.

Guaranteed Auto Financing…

Guaranteed Auto Financing differs from a bad credit car loan primarily in that this type financing is offered directly by smaller or independent auto facilities. Your finance contract is provided by the actual auto wholesale dealer and the loan is paid directly to the auto dealer that sold you the car. In other words, you would be financing your car purchase from the company that owns it and sold you the vehicle. Guaranteed auto financing is used for the purchase of used or pre-owned vehicles and not typically for purchasing a brand new car or truck. Loan terms are shorter than more conventional auto loans and they rarely offer terms over 36 months.

The big advantage to guaranteed auto financing is that often no credit check is required to obtain this financing. Payments are normally made weekly and sometimes in person. One disadvantage to this type of auto loan is that many car dealers providing guaranteed auto financing will never report your credit to the credit bureaus. So if you’re making payments regularly and establishing an excellent payment history, this will not be reflected in improving your personal credit profile or your credit score.

Your best approach would be to start now and see what financing options are available for you. There are excellent specialized auto financing services available online today that offer a whole range of affordable car loan programs even if you’ve been turned down for financing or you have poor credit, bad credit or other financial considerations, you’ll be surprised at how they can help you to buy a new car.

You see now that there are major differences between a bad credit car loan and guaranteed auto financing and there are other financing options besides these. Get approved for the best car loan for you first, then walk into the car dealers and negotiate on your terms.

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Tips For Finding a Bad Credit Car Loan Under the CARS Program

Thinking about buying a new car under the government CARS program? If you are like many people with poor credit, buying a new car might seem like an impossible dream. There are ways to get a bad credit car loan, but you will have to be more flexible and shop around a lot more than a prime candidate with excellent credit would. If you plan ahead, getting a car loan with bad credit still is possible.

Before beginning your search for a bad credit car loan, make sure you understand and know your credit rating. Anywhere from 620-650 and below and you will fall into the sub-prime category otherwise known as poor credit. Once you know your score and have a copy of your report, make sure to go through all the items listed on the sheet to make sure they are all accurate. A poor credit rating comes from not following the loan terms on previous credit to the letter. While in the past companies were sometimes more lenient with late payments and what not, delaying reporting such minor offenses to the credit bureaus, this is less true in today’s economy. Even if your payment is only late by one day, this can have a negative effect on your credit rating. Contesting any mistakes on your credit rating before shopping for a car loan for people with bad credit will help improve your over all credit score.

Shop around for a car loan before going to the dealer or before requesting an internet quote on a new car. If you have horrible credit, you may be required to have a cosigner on your vehicle loan. By securing an auto loan from a bank rather than from the dealer, you can often save over 10 points or more in interest over the life of the loan.

While there are dealerships that specialize in making car loans for people with bad credit specifically, most of these dealerships won’t qualify for a discount under the CARS program. The CARS Act specifically applies to purchasing a new vehicle only while most dealerships that advertise for bad credit car loans sell only used vehicles. Unfortunately, if you are trying to apply for the government credit, you will not be able to use one of these dealerships.

Lastly, when you are applying for a car loan with bad credit, be sure to only submit your application to one financial institution at a time. Most people don’t know that by continuously submitting applications for credit to many different places at the same time, you will actually lower your overall credit rating. If you limit your submissions to one at a time, you may take a slight hit, but your credit score should rebound faster. Sending out to many institutions at once, on the other hand, will cause your credit score to take a much steeper dip. This will require you to do more shopping ahead of time and not to make a rushed decision, but overall will result in your getting a better financing plan for your new vehicle.

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Bad Credit Car Loans That Put You in the Driver’s Seat

With a crippled credit status, you might feel compelled to shove aside your dreams of buying a car. But before you do so, you might be happy to know that there are sources that can offer bad credit car loans to help you drive home the car you want. Not just this, working with some car loan providers can even help you to improve your credit scores significantly. The best and easiest way to get settled for such loans is to get a cosigner to cosign on your loan. This could be a friend or a relative with a shining credit score. However, getting cosigner is no easy job and those of you who have tried securing bad credit loans already might have faced the bitter truth that it is difficult to get someone who would risk their credit on you. So, back to square one? Not really. If you are planning to buy your car from a dealership, there are a couple of good options for you to move on to. Let’s take a look at those.

Franchised new car dealers

These dealers deal in new cars and the auto credit loans they provide are acquired from a lender. It is the lender who holds the contract and it is he who receives your loan payments. This means that you are actually dealing with the lender via the dealership. This type of bad credit loan is particularly helpful if you are trying to rebuild your credit status since your payments are duly reported to the credit bureaus. The only disadvantage of these loans is that their interest rates are pretty high taking into account the cost of new vehicles. However, you have to hit upon the right dealer to get the maximum benefits.

Used car dealerships

You might give these a shot if you are interested in pre-owned cars. The loan payments are generally arranged on a weekly basis and are made to the agent directly. The best advantage of these dealers is that they rarely put your credit history under the scanner before arranging guaranteed auto credit loans for your purchase. Moreover, since the cars they offer are less expensive, the interest rates are low too. However, the most glaring drawback of these car loan dealerships is that they hardly report your payment details to credit bureaus. This means that you cannot reinstate your credit score at all. So if you need to make a purchase anytime sooner, you’ll find yourself in the soup yet again. Also there are chances that you might find yourself saddled with a lemon, only too late! But when there are no other options left for you, buying a beater from such dealerships might makes some sense.

Now, let’s assume you’ve bought the car. There’s still some work left for you to do. What’s that? Mending your credit score so that you don’t run into a repossession and get yourself stuck neck-deep into a financial mess. Here are some tips on how to avoid such a situation:

Make regular payments
Stop using credit cards till you improve
Keep checking your credit reports regularly

So, with some effort and a few smart choices, you can definitely hope to secure car loans against a lousy credit history and give yourself a second chance.

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How Do Bad Credit Car Dealerships Make Money on Auto Loan Rates?

Many people are under the assumption that car dealers only make money on the sale price of a vehicle. If this were true, it would make buying a car much simpler and getting a better auto loan rate a lot easier. It’s not the case however, and very few people that are outside of the car business or have never worked in that industry are aware of exactly how it works. The fact is that the sale price of the vehicle only amounts to a small part of the total picture.

When you go into a car dealership to buy a car, the sale price primarily covers the cost of the car, the cost of dealership overhead and the salespersons commission. That is called front end profit. Where the real money is made, is in what is called back end profit.

When a dealership takes your credit application and sends it to a few lenders, the lenders send a response that either approves or denies your application. If your application is denied there is generally a good clear answer as to why, which helps the dealer to know in the future what to look for prior to submitting applications to that particular company. If your application is approved, there is a few different factors that are involved. There is be amount allowed for financing, a percentage of that amount that the creditor will allow for an extended warranty, and the number of percentage points that the dealer can add to the loan. These percentage points, otherwise known as dealer add-on rate, are where a lot of hidden money is made in car dealerships. To elaborate on this, let’s have a simple example.

Let’s say that the creditor or loan company, approves your loan at an interest rate of 10%. That is a reasonable auto loan rate for someone that has had some bumps in the road on their credit report. If the approval comes back allowing the dealer a dealer add-on rate, of 3%, then the dealer can add 1%, 2% or 3% to your auto loan rate. The difference between paying 10% or 13% on your car loan, can make a substantial difference in the amount of your car payment. In many cases, this can add $100 or more to your monthly car payment. The additional amount that you pay each month because of the dealer add-on rate, is divided between the car dealership and the finance company.

So what happens if you trade your car before your car is paid off? Generally a dealership is only charged back if you trade your vehicle within the first year. That is why the dealership is not advanced the full amount of the extra profit that is made on the dealer add-on rate.

How can you avoid this? With the veil of secrecy being held closed so tight in car dealerships, regarding this issue, the public really has no way of even knowing what their true interest rate is when they are approved. The only way to avoid this is to seek financing outside of a car dealership and even then similar principles operate with bank loan officers. One of the best ways of avoiding this is comparing auto loan rate quotes from multiple companies, or using a service that uses the best rate for you.

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You Need a Car – What’s the Skinny on Bad Credit Car Dealerships?

Bad credit is now more typical than good credit! So, there’s now plenty of interest within the bad credit car dealerships. Our cars are our lifeline to getting where we need to go – to function, school, physician appointments, errand runs! Unless you live in a main metro area, with great transportation routes, a car is really a virtual necessity! If this is your initial appear at the bad credit car dealerships, you need to get up to speed on how these businesses operate. Understanding how they function and how much a contract can price you will be the purpose of this article. Understanding the ropes will save you cash!

Car dealerships which specialize within the bad credit marketplace make no bones about their territory: “No credit? Bad credit? No issue!” will be the usual tag on their banners. This sort of advertising is certain to attract lots of lookers. Including you, if you’ve got bad credit and need a car. Such dealerships put their greatest searching cars within the front row, but nonetheless convey an overall seedy and suspicious appearance, up close. All you need to do is stroll on the lot. A salesman appears out of seemingly thin air. “What can I assist you to folks with these days? We’ve got lots of fantastic cars!” Yeah. Granted, the car salesman is just attempting to make a living, just like you. Within the venue of the bad credit car dealerships, product sales individuals usually function on commission. They earn money only via product sales. So, it stands to cause that the product sales individual isn’t necessarily searching out for your greatest interests.

Nonetheless, lining your objectives up against his, you are able to nonetheless get a decent deal in spite of your bad credit. Here are some guidelines to assist you to get a great deal in this environment.

1.Let the product sales individual know that you are just searching and will definitely let him know whenever you discover a automobile that interests you.

2.Appear more than the cars, and costs to determine if any of them are worth your time.

3.Act disinterested at all times. Even if a car catches your eye, just give it the once-over and move on. You would like the product sales individual to get the concept that you are a tough sell.

4.Maintain in thoughts that bad credit car dealerships frequently stock ‘lemons’, not apparent at initial glance. If the product sales individual approaches you as you linger more than a specific car, ask him or her if he’d thoughts you having your mechanic take a appear at a car you are interested in. If the answer is some thing like, “Oh, do not worry about that – all of our cars come having a assure!”, you’ve cause to be suspicious. That assure might be of the 30-day selection, which does not count for much. You would like a firm commitment that your own mechanic should approve the soundness of the automobile prior to you’d think about signing a contract. Should you can’t get that, stroll away.

5.Ought to you discover a car that looks great, ask the product sales individual to appear up the Kelly Blue Book(R) worth – and ask to determine the book to be certain you are obtaining an accurate worth!

6.OK, now it’s time to talk money. What’s the very best cost he can provide? What about financing? What type of APR are we talking? Keep in mind, he wants to make the sale as badly as you would like to get a car.

7.Think about that your bottom line within the bad credit car dealerships scene is to obtain a dependable car that does not price you an arm and a leg, at a fair marketplace cost and an interest rate that’s commensurate with your credit rating.

Keep in mind that you might need to explore more than one of the bad credit car dealerships to obtain your objective. With just a little patience and car-buying savvy, you’ll succeed! One product sales individual will probably be happy, too.

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Know the Matters and Get the Best Benefits From Automotive Batteries

Automobiles need batteries to get electric energy and for this purpose, automotive batteries were invented. These batteries are rechargeable and small in size, so that they can be set up in automobiles very easily. Especially, it is regarded as an automotive battery. The work of an Starting, Lightning and Ignition is to supply energy to the starter motor for an automobile.

Six galvanic cells are used to make these batteries and they are usually lead acid type. At full charge, an automotive battery provides 12.6 volts. One single Starting, Lightning and Ignition is enough for a small vehicle. But heavy vehicles like highway trucks, tractors etc. that have diesel engines use more than one batteries.These batteries are recyclable, for this reason, they are environment friendly too. And through this process, every year a huge number of batteries are produced. There are usually four types of automotive batteries. They are described below shortly:

• Flooded Cell Type: These types of automotive batteries are inexpensive and working for long time period. But, they require a lot of maintenance and care. But, they can be leaked or spilled at any moment.

• Valve Regulated Lead Acid: They are the alternatives of Flooded Cell type batteries and more expensive than Flooded Cell Type Batteries. These batteries are also known as “sealed” batteries. You cannot repair these batteries and maintain them neither. Hydrometer cannot be used to measure the charge of these batteries and you cannot replenish the electrolyte too. These batteries are maintenance free and are usually used to stay safe from any kind of leakage.

• Shallow Cycle: To start an automobile engine, a large burst of power is needed. And for this purpose, Shallow Cycle batteries are really useful. They can produce a strong power when an engine starts. After that, they are charged by the engine driven charging system. They contain higher specific gravity electrolyte so that the internal resistance can be reduced. Many thin separated plates are used to make these batteries.

• Deep Cycle: These types of batteries are made to provide continuous power for a long period of time. Especially, the small vehicles such as small boats, recreational vehicles, golf cart etc. use these types of batteries. To store energy from wind turbine or photovoltaic array, they are used too.

To use your battery for a long period of time, you have to follow some certain rules. Car batteries that use lead antimony plates may need water regularly. Specialists recommend using distilled water in a particular level. But, nowadays, most of the batteries do not require this watering. Always try to use a charging method that is safe. The most popular charging method is Trickle Charging. Do not over charge your or keep for a long time on charging. This may reduce your product lifetime. And even they can be dangerous.You should also be careful about storage and changing. And such, you can get the best service from these batteries.These processes are also useful for your own safety.

Eastman Industries Ltd. one of the leading auto battery manufacturers in India. Eastman offers a wide range of high quality automotive batteries, Vrla battery manufacturers, inverter and motorcycle batteries of JIS and DIN series.

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Choose the Right Automotive Equipment Distributors – It’s in Your Best Interest!

Do you want your shop to be the one that people turn to when they want the very best auto repair service? Then, you will need to have the very best equipment in the business! It is no secret that car models keep changing every single year and it makes great sense to ensure that you purchase equipments that are up to date.

It is no secret that the internet is filled with different Automotive Equipment Distributors, but only few of these distributors provide all the equipments that you will need at a really pocket friendly price. A good auto equipment distributor will provide world class equipments without charging you an arm or leg.

At a good equipment distributor, you can shop for tools and equipments that are specifically designed to make your auto repair service job a whole lot easier.

A reputable and reliable automotive equipment distributor such as “Automotive Equipment Distributors” provides customers with top quality automotive tools at awesome prices. Customers can even get great deals on great wheel alignment systems such as Hunter wheel alignment system.

The market of auto equipments for both personal and commercial use offers a whole lot of tools and equipments. If you want to add much more advanced tools to your auto workshop or you are just starting out your auto repair service, you will need to do some research on good auto equipment distributor online so that you do not end up purchasing equipments from a distributor with a questionable reputation in the industry. When you log on to the website of reliable and reputable automotive equipment distributors, you will not only get to learn a lot about the different kinds of auto repair equipments, you will also get to learn how to operate these machines safely as well.

Even for just routine checks, every auto shop needs auto equipments such as auto lifts, as a matter of fact, these auto lifts are fast becoming an important part of every auto shop.

You can find the following auto equipments (and more!) at a good equipment distributor:

* Tire changers
* Wheel balancers
* Alignment lifts
* Brake lathes
* Drive tools
* Power tools
* Compressed air systems
* Lighting
* Material handling
* Storage
* Furniture
* Engine hoists and stands etc

Nowadays, many individuals have their own vehicles and in a lot of cases, they choose to maintain their vehicles by themselves – the internet is filled with DIY learning materials! Such individuals can shop for auto equipments (for personal use) at an auto equipment distributor’s website and save tons of cash on their purchase.

The internet is indeed a really great place to shop for and find reliable and reputable automotive equipment distributors that will not only offer top quality auto repair and lift equipment, but also offer un-ignorable prices as well.

You can shop for all your auto repair shop equipment needs on the internet and have all your purchases delivered straight to your door step – in one piece!

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