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July 2nd, 2010
Well, be it a new car or a second-hand car, for the person who is purchasing a car for the very first time, it is naturally very special to him.
One should be very careful when he is about to purchase a second-hand car. The Dealers really play games with the customer for the sake of selling their cars so one must use his common-sense before taking any decision about the car he is likely to purchase.
Think twice and watch around the various second hand cars in sale, before selecting the car of your choice. Make sure that you do a lot of research before purchasing. Look around the websites and compare between the price of the cars given there with the price you have been offered from your dealer. This would give a rough idea and you would be able to invest money in the right car.
Now, as the car you are likely to purchase is a second-hand, you should first check out whether it is really a used car or a stolen one, as one can not trust blindly over the dealer without verifying about the car’s previous status.
Then, if you can not afford to buy the car which has been used just for a year but you are getting the car of your choice but it has been used for 3 years, it should have a legal MOT certificate. Also, the car should come to you with advance style DVLA registration and not with an old V5 style registration.
Keep your eyes open for signs that the car’s mileage could have been tampered with. Signs to look for are chips around the grille and bumper. If there are chips then this could indicate a higher mileage than the meter suggests. Also look on the dashboard for signs that it has been tampered with such as loose screws.
Remember, that though you are buying an old car, but it should not look old. That means, that one must check out various scratches, dents around the grille and bumper. Also, one must see its mileage through chips which are around the bumper and grille which indicate higher mileage than it is suggested by the meter.
Check for all the loose screws and all the loose points about the car and buy the car only when, you are nil with all your doubts.
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July 2nd, 2010
Are you waiting to buy the long awaited dream car for your family, with the money that you have been saving for years? Have you really made up your mind about the exact color, design and size you want in that car? Whether it is that upcoming Chevrolet van or a BMW or a normal VDI Ritz, getting the first car is like getting your first salary which you proudly own and flaunt to others.
The excitement for the first car can not be expressed in words. If you desperately want your dream car, then the first thing one must believe is, that he can actually get it. Just believe in your dreams and put efforts towards them, you can really make your dreams come true.
But yes, since there is an extensive variety of cars in the market today, so although with a complete mind make-up, one gets confused in selecting the right car when he actually reaches the car showroom. And from there, the actual judgment begins.
For that right judgment before purchasing that dream car, one must go with the following tips:-
- Give time to yourself and do not take a hasty decision about the car. It is essential since when you are buying your 1st dream car, you must come back being happy ,
- Check out through various Internet websites about the various cars available provided with detailed information about color, design, date of manufacture, size, rate, offers, if any, etc. This would help you a lot as before going to the showroom , you would already be having a wide information about the cars.
- It will help you if you look out for a good interest rate instead of accepting the dealer financing since, several times the financing they offer is the not best one. They may have the best interest rate but in the end you would be sure of what you are getting.
- Keep on the lookout for special sales or events at different dealer lots. These often happen around holidays or at the end of a model year. This is a good time to buy a vehicle because the prices might be significantly lower. Take note of the before price though because they may claim a car is on sale when really it is not.
- Do keep checking around about the various special sales which often take place in the end of a model year or during holidays. Remember, that in which season you are buying your car, is it a good time to buy or the rates are too high. A car is not purchased just when one wishes to, but also when there is a right time but it is because the prices keep on fluctuating which, if not cared about, then might not give you a profitable deal.
While making your final judgment, do remember to check out the various technical details about the car. Just not see that you are getting a car of your favorite color and size but also, that its giving good average and mileage. Ensure that when you are getting your car from another dealership then you receive that same car you want with the same features, color and design.
Always remember, that your money is worth spending, and it must not go waste due to a hasty decision made.
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July 1st, 2010
According to the top U.S auto-safety regulator, the world’s largest automaker, Toyota Motors Company was accused about the safety technology on older models. Its cars included reports of unintended acceleration which should be probed for all possible reasons.
Toyota Motors has marked bursts of speed in its cars to accelerators which got stuck on the floor mats. According to the company, there are no proofs of mistakes in electronic throttle controls, an argumentative question raised by several auto-safety advocates and law makers. According to Strickland, head of the National Highway Traffic Safety Administration, the happening of unintentional acceleration has been accounted for every big automaker.
At the first meeting of a National Academy of Sciences panel where, the issue was being reviewed, Strickland said that they should take every possible action to fully understand whether there is any culpability in these systems to cause this incident.
Toyota President James Lentz received a letter from Democratic leaders of the House Energy and Commerce committee asking him to get the company’s research firm, Exponent, to coincide with the committee and to spell out which Toyota Motor’s models have brake override systems. These systems have a function to slower down the cars when brakes are pressed and at the same time, a gas pedal is put on which might avoid an unintentional speediness.
In the letter, the Exponent hired by Toyota was also charged for research on its problem , which altered the living document which constantly charts the progress of its unintentional -acceleration investigation.
It was released in the document at an Energy and Commerce hearing that Toyota’s outside lawyers had retained Exponent. According to Toyota, the hired Exponent was supposed to get the core of its unintended-acceleration troubles which was confronted by the documents showed which disclosed that the law firm was paying the Exponent to help Toyota Motors from litigation.
Toyota Motors needs to effectively converse while fitting their acceleration and braking problems
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July 1st, 2010
Ford Motor Company was supposed to pay $859 million to the United Auto Workers Retiree Medical Benefits Trust by the end of June to former daily workers. Although, Ford had an option to pay as much as $610 million in stock under an agreement made by the Union previous year, Ford paid cash to the Medical benefits Trust.
In addition to this, Ford has also paid $2.9 billion in advance for Health-care obligation.
This signifies that the car maker is sure, that Chief Executive Officer Alan Mulally would aim on the namesake brand which will make profits.
Ford confronted all the expectations kept over it by analysts according to whom the automaker was supposed to pay a part of its obligation in stock since the closing at a 52-week high of $14.46 on April 26, the second-largest US automakers shares have been trading down. The analysts were also notified by the chief of Ford’s America unit about the US auto market, which had “ flat-lined” from the previous year’s quarter as consumers had stopped making big purchases.
Well, although they were supposed to pay with equity, but with all the risk, it is a good signal that they feel they are able to pay cash.
According to Michigan-based automaker, The Dearborn, Ford is now also paying $255 million in deferred dividend payments to some other trust held by other financiers. Ford will now pay $3.8 billion in cash to the Union Auto Workers trust, by descending its balance to $3.6 billion, owned to the fund.
In addition to other debts payments, Ford reduced the debt by $7 billion with reducing annual interest payments by $470 million.
In December, Ford made its first payment of debt with cash, which was of $610 million with an advance payment of $500 million after its shares got an annual gain last year. Outstandingly, the company has 3.34 billion shares . The stock closed at $9.88 which is 13 percent less than the average $ 11. 35 in the 30 trading days ending on June 28.
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July 1st, 2010
According to General Motors Vice Chairman Tom Stephens, Chevrolet is planning to discharge a family van which would soon be available in many global areas. This is the current future plan of General Motors and they are sincerely working towards it.
Stephen, who heads the product development says that the coming van would be based on its global compact-car construction. In the company presentation, the images of the upcoming van were showed to an analyst but the members of media remained unavailable to view the slides.
A Chevrolet SUV concept exclusively designed by General Motor’s South American region with a small-car concept of Chevrolet was showed to analysts by Stephen. No further details were given by him on market for the cars. Besides this, he also previewed a Buick business van of three-row specially designed for China. He did not reveal the launching dates of all the models he showed to the analysts.
According to the two people, who were familiar with the future plan of General Motors, The United States that owns 61 percent of the car maker, might sell out 20 percent of its stake in a well planned and initial offer to the public, making it an owner of minority.
During the day, The CEO Ed Whitacre with other top executives gave a brief review of the operations of General Motor’s current business. In addition to this, growth in other markets, restructuring in Europe and 85 percent capacity which is used in North America, was also reviewed.
The future of GM motors, sounds to be fantastic after the launch of the Chevrolet family van. Although, not much of its details have been revealed but the provided details allude out its future demands and the growth of the company as a whole.
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June 29th, 2010
Chief executive officer Takanobu Ito became the star at Honda Motor Company while he is working on the NSX, company’s most powerful sports car. Ito is now focusing on the fuel efficiency since Honda’s leading position was threatened by Ford Motors and Hyundai Motor company in North America.
After axing its V- 10 NSX car project in 2008, Honda is reinforcing efforts to give a boost on fuel efficiency to compete with the growing competition.
According to Tadashi Usui, an analyst Moody’s K.K in Tokyo, the difference between Japanese automakers and its rivals is shrinking.
Since Ito was not pleased with the size and fuel economy of Honda civic so he postponed the release of that model .
In an interview at Honda research it was revealed that now the first priority including the design shape and pricing will be on fuel efficiency.
Honda’s sales got 13 percent gain till May with a growth of 17 percent to 23 percent, while Ford’s rose to 31 percent. Hyundai’s Sonata sedan tops Honda’s top- selling Accord in economy and horsepower, and its revamped Elantra compact promises to use less fuel than Honda’s Civic.
The second largest automaker has focused on fuel efficiency, risking its “ green” reputation. For example, Honda uses 5-speed automatic transmissions and seems unwilling to use turbocharging technology and direct- injection.
According to a former Hyundai product planner, they have been purely leapfrogged in new engine technologies an even earlier this green thing was big, they were into green.
In the 2009 model-year survey, Hyundai-Kia group vehicles were second, with an average of 23.4mpg. According to EPA, Hyundai models alone, exceeded Honda’s fleet excluding Kia Motors corporation, with an average of 23.9 mpg.
In the U.S Environment Protection Agency’s fuel efficiency assessment, Honda’s U.S fleet of Honda and Acura 2009 models had an average of 23.6 mpg.
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June 29th, 2010
Just after two weeks when Suzuki recalled over 46,000 XL-7 and Grand Vitara SUVs because of faulty pulleys, things have gone from bad to worse for Toyota Motors. It has now come up with the excessive fuel leakage problem in Lexus HS250h during the rear government -impact crash tests.
According to National Highway Traffic Safety Administration posting on its website, the fuel leakage which exceeded the federal limits can lead to fires and it was discovered while striking the car from the rear at about 50 mph in an annual federal safety test.
The world’s largest automaker has not yet found a solution for this big problem. NHTSA posting also revealed that the automaker has not even determined when the safety recall will start. Though, in the development of 5the 2010 Lexus Hybrid, similar tests were conducted by the company where no fuel leakage problems were identified. Then why this difference has arise, this is the intriguing question.
Now Lexus is sincerely and vigorously working towards identifying the reason for the unmatched test results. Due to this reason, Lexus dealers have also stopped the sales orders of this car model. Around 17,000 sedans for US market have been adversely affected by this recall.
Earlier, Toyota company had also phased out older models LS 460 and LS 600h from the road, to solve the temporary wheel problem of the two models in this year .
Toyota motors are one of the leading automakers in the automobile industry but once again the company’s reliability has been compromised because of this recent recall and stoppage of sales orders. Until any remedies are found out, and the issue is clearly understood the sales will not give any deliveries of the involved car models.
Toyota company is taking the test results seriously into consideration and appreciate the NHTSA bringing its concern to them.
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December 3rd, 2009
There have been a lot of changes occurring in the negotiation process of buying out the automobile manufacturer ‘Saab’. Saab has been the premium choice of people for generations. Many well-known and big companies are approaching the Chinese manufacturers for the same reason. Earlier Koenigsegg was interested in buying it out but now going by the reports coming from Sweden; around three independent groups have shown ample interest in acquiring Saab.
Saab is manufactured by the Chinese automaker Beijing Automotive Industry Corporation. With the venture turning out to be successful, the automakers would have become a minority investor in Koenigsegg. But as the company backed out, the Chinese automakers approached General Motors at the earliest. But as per recent reports, two more independent American investment groups, namely, billionaire investor Ira Rennert’s Renco and Wyoming-based Merbanco are also interested in procuring the brand for themselves. These are the latest brand names in the market showing interest in acquiring Saab.
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December 2nd, 2009
Antique cars have their own charm and beauty. Such cars are very appealing and have always been the focal center of attraction for us. Those who own an antique car are extremely proud of it. Antique cars signify a particular period of time and hold a special place in the heart of the onlooker. Those who are not interested in buying a classic or antique car can also not stop themselves from praising the beauty of such cars.
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December 2nd, 2009
Car is one of the valuable properties owned by an individual. Buying a car is a one time investment and therefore the owner should have a full sense of responsibility of getting it insured. Getting the car insured helps the owner in case of any emergency. Car Insurance is one of the essential ways to protect your property in a better manner. If not at fault, car insurance saves you from the responsibilities of damages in the case of any accidents.
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