It seems that trick or treaters aren't the only ones who will be out on Halloween night
Keeping Your Car Safe on Halloween
Here at Auto Credit Express, helping families with bad credit find car dealers who are willing to work with them isn't our only concern. We also want to make sure that once these buyers get approved, they're able to keep their vehicles out of the hands (and away from the blowtorches) of car thieves and chop shops.
This is why we thought we'd pass along some information we've received from the National Insurance Crime Bureau (NICB) as well as the LoJack Corporation. For those unfamiliar with either or both, the NICB is a not-for-profit organization involved in preventing, detecting and defeating insurance fraud and vehicle theft while the LoJack Corporation are developers of the LoJack Stolen Vehicle Recovery System.
The information from both concerns the upcoming Halloween holiday.
Boo, Your Car is Stolen
According to the NICB, which tracks vehicle theft data reported to the National Crime Information Center (NCIC), Halloween is the fifth highest holiday for vehicle theft in 2012 (the last year data was available for the report). Not only that, vehicle theft on holidays is on the rise - for the 11 holidays reviewed in 2012, 21,325 vehicles were reported stolen.
This compares to a total of 20,800 reported for those same days in 2011 and represents a 2.5 percent increase. Car theft also poses a number of problems for credit-challenged borrowers – especially if it happens during the early years of a loan when cars are normally worth less than the loan balance. If the buyer hasn't purchased gap insurance, they could owe hundreds or even thousands of dollars on a vehicle they no longer have.
So how can car owners lessen the possibility that their rides will turn up missing on November 1st?
Here are some suggestions from LoJack Corporation:
- Don't forget about your valuables: Even if you are just traveling around the neighborhood, never leave valuable assets inside the car.
- Always remember your keys: If you do decide to venture out on Halloween, never leave your keys (or key fob) inside the car or leave the car running.
- Make noise, lots of noise: The easiest way to protect your car is through the combination of an alarm and a recovery device, such as the LoJack. Anything that makes noise can help ward off thieves.
- Light is your ally: Make sure to park in well lit, populated areas. Thieves are more inclined to target dark, unattended areas for theft.
The Bottom Line
Vehicle theft is more than an inconvenience - it can cost car owners both time and money especially if the insurance company only covers the vehicle's replacement cost of a stolen car – not the balance owed on the loan. By following the tips suggested by LoJack, owners can reduce the chances of becoming victims of car theft and really have a Happy Halloween.
One more tip: Auto Credit Express specializes in matching consumers with poor credit with dealers that can offer them their best chances for car loan approvals. So if you're ready to reestablish your auto credit, you can begin now by filling out our online car loan application.