Auto Loan Modifications

Auto loans, next to mortgages are one of the biggest monthly expenses that we face on a monthly basis. For those who may have lost their job, are faced with an unexpected expense or some other situation where you will miss your auto loan payment you might want to investigate the possibilities of obtaining a loan restructure.

Loan modifications are exactly as they sound, a re-negotiation of your current loan so you can get back on track with your payments. Loan modifications are usually the last resort before the lending company repossesses your vehicle. This is because lending institutions are loathed to change their loans, especially if they believe that you will not pay them the money that is owed.

However, lenders often will choose loan modifications over having to repossess the vehicle if they feel they will lose money. Given the expense of repossession and the issues with re-selling vehicles, loan modifications are generally a popular choice.

Are Loan Modifications the Right Choice?

Before you start the process of loan modifications to save your vehicle, there are some considerations you will have to make before you begin.

Owe More than It’s Worth: If this is the case, then loan modifications may be the right approach. Since you couldn’t make money on the vehicle even if you sold it, lending institutions are more willing to make modifications to help save your vehicle. Otherwise, they would be out a considerable amount of money since you otherwise could not make the payments.

Unemployment: With so many people losing their jobs, it’s not surprising that auto loans are usually one of the hardest payments to make. Under such circumstances, having loan modifications performed can help get you through this process until you can find employment.

How to get a Loan Modification

If it seems that it is the only way to reduce your auto loan payment examine all the facts, then you will need to do the following.

Call the Lender: Naturally, the first thing you will hear from the lender is the dangers of missing payments and having your vehicle repossessed. While there is no guarantee that a lender will grant the modification, there is no harm in asking either. Remember that only the lender who offered the original loan can modify it for you. This means that if you go to an outside source to that offers to modify your loan. That is more than likely refinancing instead.

Have Everything Prepared

If you get approval for a loan modification, you will need documentation that shows why you need the changes. This includes all of your relevant bills, statements, pay stubs and other documents. You should also include a hardship letter that explains why you can no longer make the payments at the going rate. This means being honest about your situation and providing the documentation to back it up.

Once you have submitted everything, the final step is to simply wait and see what will happen. You really cannot do much at this point. You will want to pay what you can on the loan so that if the modification is approved, it may actually help your situation even further. Auto loans can be very difficult to pay when the money is not around, but loan modifications can help you overcome this situation.

Upping Your Car’s Horsepower Mechanically and Chemically

Sometimes you get the itch to improve your car’s performance. Sometimes you have to, because of engine and transmission wear and mileage problems. The following tips cover what to do to Hot Rod your car, as well as what new products end both wear and mileage power loss problems, to restore your car’s lost power and extend your car’s life and dependability.

Let us consider the 4 ways to improve your cars horsepower.

1. One way to significantly increase power is by adding one or more special power-improving devices. One of these device is called a racing engine cam. This internal engine device replaces the factory original cam, and allows much more fuel to enter the combustion cycle – thereby producing more horsepower. You select the amount of power improvement from a catalog listing. Price range about $450 up.

2. Another big power booster is called a supercharger. At a $3500 plus price range. This add-on device is a special fan or pump made to force twice as much fuel and air into the motor – for a huge power improving gain. Both race cam and supercharger are usually installed for maximum power and speed development.

3. Many new cars have superchargers installed at the factory. For car racing, of course, race car owners add the above items, as the way for more power increasing advantages. But look for new and used cars with a supercharger factory installed. Think “factory hot rodding.” Check the brand of car you’re thinking of buying by looking into internet forums for negative talk, so you won’t buy a troublesome model. Adds about $2500 to the car price, or more.

4. Using a new breed of additives from Mega Power to restore lost horsepower caused by wear and residues. Several wear and residue conditions in your engine and transmission, occurring mid way through your vehicles life. When a motor begins the downward loss of horsepower and performances, Mega Power is what many smart car owners used to restore their cars power.Mega Power is installed in newer vehicles to keep them new indefinitely.

Your driveway and your car may show one sign of wear and an early stage of power loss is on the rise. Early signs of wear include oil drippings on your driveway. Other signs include your motor’s exhaust. As pistons suck up motor oil, burn it, and pump out a bit of smoke. Your motor’s oil level will drop a quart or two between oil changes. Blowby, a term for combustion escape, and its fumes are present.

Other signs are that motor noise will increase. Tapping of sticky valves and valve lifters is common. Sounds like a hammer is on the loose in your motor. Your transmissions will shift harder, or slower. Those are all signs of wear a product called Mega Power will end. Mega Power works equally well to end transmission problems, too. Those condition deter full power development.

As wear increases, so does friction and friction absorbs power that use to add to your car zip and performance. Each sign shows an expensive overhaul will soon be called for to remedy the problem. Overhaul cost runs over $3000. And this is where Mega Power is often called upon to help avoid, or put off that need for several more years. Mega Power is not as costly. About $150, and is a choice thousands of car owners are choosing. Cheaper if you installed it yourself. It’s easy to do so.

How Mega Power works to octane boost. Octane boost is a caustic additive that gives fuel a boost in power. It is not good for today’s motors. Mega Power restores your motor’s lost horsepower by ending friction wear and residue power robbing problems. 6 items are called upon, and included as a complete Mega Power Motor Treatment. 3 items are installed for top of motor cleaning and freeing of rings and valves, and other components. 3 are for lower motor cleaning of the oiling system.

While most additives are solvent cleaner based, which are harmful to today’s motors, or thick like molasses, and can block oil delivery, Mega Power is a thin, anti-wear substance that can go where oil, even synthetic oils cannot, to undue wear, and residue power decline problems.

Included in this treatment to also restore lost power in your motor are friction reducing factors MC+. After cleaning and freeing conditioners do their thing, MC+ smoothes your wear roughen, friction heavy, piston, bearing, valve, and gear surfaces. Then the MC+ adds a protective slippery film which fills your motor’s worn spaces. All this is complex Hi-tech chemistry to restore your cars former like near new power and zip. Yet it is easy to install. And anyone can installed the product. Driving then does the actual restore.

Conclusion.

Sometimes you get the itch to improve your cars performance. Sometimes you have too because it needs a little help. See your local mechanic for local advice on Hot Rod type improvements and tips. For more information about Mega Power’s Motor and Transmission Treatment, see the links below.