Benefits and Drawbacks of Car Leasing

March 23rd, 2012

The global economic recession has taken its toll on a lot of car buyers nowadays.  Not much of them can afford to buy their own cars either for personal or business purposes.  Despite automotive loan thriving in the industry, some people can still hardly get behind the wheel.  In such cases, car leasing may be a better option.

 

Leasing a car works when a car owner allowed a second party to use his or her car in exchange for monthly payments.  This has a written agreement that usually lasts for a long period of time.  After the lease term, the lessee has an option to either return or purchase the car.   The most obvious benefit of leasing a car is being able to drive a personal car even without that much cash in hand.  Leasing a car also has lower costs than purchasing a car.  In car purchase, a car buyer would have to pay for the down payment and monthly payments with interest.  On the contrary, car lease would only require a deposit, which is usually the payment for the first month of lease, taxes, and other fees which would not all add up to a greater cost.  Moreover, since the lessee can return the car after the lease term, he or she do not have to worry about the depreciation of that car and rush to sell it.

 

However, people should still be careful when leasing a car.  Lessees should understand that they do not own the car and there are limitations on what they can do with the car.  They can not just customize or modify the car.  This is all simply because the car is not their own.  Some lessor also have mileage restrictions.  If the lessee exceeds the limit, he or she would have to pay for the extra miles.  The lessee would also have to get the car insurance with the maximum coverage.  Moreover, if the car has a high depreciation rate, the lessee would be paying bigger monthly payments.

 

If leasing a car seems appealing to some people, they should check out all the possible leasing options. They should also shop around for the best deals especially if they want to lease a nice car.  For example, if one wants to get behind the wheels of an Audi, he or she can easily find best Audi leasing deals online.  If one wants to drive a BMW but do not have that much cash in hand, he or she could turn to BMW car leasing and find the best deal.

 

Car lease is not a bad option after all.  However, it is not also always the best option.  People would still have to base their decision on the capability and availability of their financial resources and credit.  If buying a car is still viable, there is nothing wrong with going for it.  However, it is not good to force a car purchase when a car buyer would be better off with leasing a car.

Car Technologies by Toyota

July 12th, 2011

Toyota is a leading car manufacturer across the globe. The brand owns a name that shines bright in the global car industry owing to its outstanding cars that offer a complete package of power, performance, comfort, luxury and status in an affordable price tag. The cars from the bandwagon are known to make a strong presence on road with its excellent design structure along with offering a luxurious and comfortable ride with technologically advanced features.

Apart from styling and comfort the manufacturer also takes care of car as well as passenger safety. It offers a bunch of advanced technologies to deliver a safe ride. Amongst the bunch of technologies, car parking technologies introduced by Toyota is commendable.

With a commitment to high level safety Toyota introduces technology that supports parking. These technologies together facilitate enhanced visibility and maneuvering when parking. Some of the known features embraced into this safety measure are clearance sonar image, back guide monitor, and intelligent assist system.

Clearance Sonar Image

Clearance sonar image helps to detect objects on the way by the use of ultrasonic wave sensors built into the corners of the car bumper. These ultrasonic waves notify the driver in case of any obstruction. Notification is received either in the form of sound waves or through lamp alerts. The technology is also equipped with a steering sensor that uses the angle and maneuver of the steering to detect the obstruction and sends notification through light or buzzer.

Back Guide Monitor

Back guide monitor is a feature that supports garage parking. With the use of camera installed on the rear side of the vehicle, the driver can get the complete display of the surrounding. In accordance to the maneuverability of the steering wheel a guiding line appears to make it easy for the driver to conform the parking space. This helps the driver park a car in the garage with ease and convenience.

Intelligent Parking Assist

Intelligent parking assist is a wonderful safety technology brainstormed by Toyota Motor Corporation. The technology is designed to assist with the steering wheel operation in order to make parking operation easy and convenient. This is an automatic parking system that uses an in-dash screen and button controls along with some user inputs to steer the car automatically into the parking space. The entire computer processing that works to support this advancement is featured to the vehicle’s feature, backup camera, and forward sensors on the front side fenders.

Used Car Warranties – Guidelines

July 12th, 2011

Lots of people consider that, when they purchase a used car warranty, they’ll feel much safer about the risks they take by purchasing a second hand car. If that’s your opinion as well, I advise you to buy this type of warranty only if you have no shocks about the coverage. The content of those documents varies widely, but usually there are two main kinds of coverage: mechanical breakdown coverage and comprehensive coverage. No matter what car or truck warranty you choose to buy, it should still cover the majority of the important car parts: the engine, the electrical system, the suspension and also the gearbox. You shouldn’t expect the warranty to incorporate protection against paint or bodywork damage, against light problems and even oil leaks. That’s because these problems are usually regarded as caused by “wear and tear”.

If you are interested in the price of a second hand car warranty, you need to know the cost varies from one type of car or truck to another, and how much coverage you need to buy. To lessen the cost you can chose to get accountable for paying a part of every repair bill. It’s a lot like the deductible you are able to set high in order to pay for less in your car insurance. For instance, should you agree to an excessive amount of £100 for a BMW car or truck comprehensive warranty, you’ll lessen the cost from £620 a year to £499.

To locate a suitable car or truck warranty, you need to go to a franchised dealer. By extending the warranty provided by the car manufacturer once it expires, you will benefit from the same coverage you are already accustomed to. The warranty differs depending on the car’s manufacturer, which means you should browse the terms carefully. You should follow the same rules when you purchase a car or truck from an independent dealer. Another supply of car or truck warranties is definitely an independent provider. A few examples of companies that do business in this field are Warranty Direct and Warrantywise. There are also suppliers that offer only breakdown coverage which isn’t exactly the same with having a full car or truck warranty. What’s also good to know is that each one of these providers permit you to transfer the warranty to some buyer if you decide to sell the vehicle while the warranty still applies. The transfer will in all probability suppose paying a fee of £10 to £50.

In principle, you can buy a second hand car warranty for all types of used cars, however for some cars the procedure may prove more difficult than for others. For instance, there aren’t many providers of car or truck warranties that offer coverage for used performance cars or for used cars in activities that involve schools of motoring and taxi driving.

In order to buy this type of warranty you’ll have to give a MoT test certificate as well as documents that prove the vehicle continues to be repaired by a registered garage. Each one of these documents need to be current (maximum a year old). One more reason car or truck warranty providers give for not offering policies for several cars is related to age and mileage of the car you own. In case your car exceeds the limits these providers establish, it’s most likely they won’t agree to cover your car. For example, some providers refuse to offer warranties for used cars that have more than 60,000 miles aboard or are over the age of 6 years. However, the very best providers in the field offer unlimited mileage policies

Which Cars Are Really Made In America

July 12th, 2011

Did you know that many foreign cars are actually built in the U.S? All too often we hear phrases like “Buy American”, however some domestic brands aren’t even produced in the States. On the other hand, many foreign cars such as Toyota, Honda and BMW are built here.

Here’s an example:

- The Toyota Camry is manufactured in Georgetown, Kentucky and Lafayette, Indiana.
- The Honda Accord is made in Maryville, Ohio and Lincoln, Alabama.
- The Honda Odyssey is made in Lincoln, Alabama.
- The Toyota Sienna is manufactured in Princeton, Indiana.
- The Toyota Tundra is built in San Antonio, Texas.

Foreign auto manufacturers have plants spread out around the U.S. For example, BMW makes many of its models in Spartensburg, South Carolina. The plant has the capability of making as many as 120,000 cars a year, it employs more than 3,000 American workers and it has been producing cars since 1994.

Japanese auto giant Honda has three plants in the U.S. — Lincoln, Alabama, East Liberty, Ohio and Maryville, Ohio. Combined the factories have the capability of making 984,174 cars and they employ 12,800 American workers.

German luxury car manufacturer Mercedes-Benz has a plant in Vance, Alabama, can make more than 100,000 cars and employs 1,900 Americans.

Japanese car manufacturer Mitsubishi has one plant in Normal, Illinois which can make 240,000 cars and employs 3,160 Americans.

Japanese auto giant Nissan has two plants — Smyrna, Tennessee and Canton, Mississippi that combine can make more than 900,000 cars and employ 14, 870 American workers.

Subaru and Isuzu share a plant in Lafayette, Indiana that can assemble 126,240 cars and employs 2,600 Americans.

Finally, Toyota has three factories in the U.S. — Georgetown, Kentucky and two plants in Princeton, Indiana. Combined they have the capacity to assemble 799,985 cars and they employ 11,600 Americans.

Combined these 12 factories have the capacity to make 3,280,416 cars and they employ 49,535 Americans.

The first foreign car company to have a plant in the United States was Toyota. In 1986 Georgetown, Kentucky enticed the Japanese manufacturer to come by offering about $150 million in tax breaks and other incentives. The plant manufactures Camry, Avalon and Solara models.

The fact is that during the last 20 years or so plants owned by Asian and European car manufacturers have sprung up all over the south including such states as Kentucky, Tennessee, Alabama, Mississippi, South Carolina, Georgia and Texas. The section of the country with an economy that lagged behind the north used the foreign auto makers to increase their economic potential. No wonder then that when the federal government moved to bailout General Motors and Chrysler, Senators and Congressmen from these states cried foul. They were protecting their constituency — Toyota, Hyundai, Volkswagen and BMW.

What was so attractive to Volkswagen, Nissan, Toyota, Hyundai, et al was the fact that the states were willing to spend their own money to build the infrastructure that was needed to accommodate the plants and offer fantastic tax incentives. Moreover these states have Right to Work laws which discourage the development of unions.

What these states discovered is that every job in auto production supports five other jobs in the economy. Auto manufacturing plants attract other industries including steel, tires, rubber, programmers and auto dealerships. So it made a lot of sense for Alabama, for example, to spend close to $1 billion over a 15 year period on such things as tax abatements, worker training and road construction. For its $1 billion investment Alabama lured $7 billion in investments. In the early 1990s Alabama lured Mercedes-Benz to the state with a package that included $253 million in incentives. What the state got was a plant that employs about 1,500 people in the town of Vance.

Volkswagen has invested $1 billion in a plant in Chattanooga, Tennessee and BMW has been a fixture in South Carolina since the 1990s and now assembles the X5 and X6 crossover coupes there.

Automotive Service Advisor Careers

July 12th, 2011

The Canadian Automotive industry will be looking for 92,159 new employees by 2014, with 94 % of these jobs full time positions. Clearly, now is a good time to get in the automotive industry and a great time to train for a career as an Automotive Service Advisor. If you have a passion for cars and enjoy working with people, there are countless diploma program available that will help you focus your customer service abilities and give you the skills you need for an exciting career in the fast-paced, dynamic automotive industry.

As a Parts Consultant or an Automotive Service Advisor, you will play a key role in ensuring customer service and satisfaction by promoting repeat business. Some of the best automotive service advisor training programs focus on provide you with the skills you need to provide fast, friendly, top-notch service. These will usually include training in:

* General customer service and customer care skills, including:
o Setting expectations
o Listening
o Asking the RIGHT questions
o And much more
* Time management (which ensures high productivity at the counter and in the shop)

* Knowledge in Automotive Systems for customer and technician communication

* Conflict resolution

* Effective communication

* Current applicable legislation

* Dealership operations (knowing the role of every employee in the auto repair shop)

By graduating from a top-notch automotive service advisor training program, you will be opening the door to the many opportunities in the global Automotive Industry. Most people are not aware of the types of customer service and customer care positions available in this resilient industry. These positions include:

* Automobile Service Writer
* Wholesale Retail Parts Representative
* Tower Operator
* Retail Parts Clerk
* Warranty Administrator
* Appointment Coordinator
* And More

The automotive repair and service industry is a large and thriving sector of the North American economy, and graduates of these programs will have their choice from a wide range of career opportunities in auto repair, service facilities and a variety of dealerships, including:

* Canadian Tire
* Parts Source
* Midas
* Active Green & Ross
* Benson Tire
* Jiffy Lube
* Transportation Companies
* Independent Shops
* Subaru
* Mercedes
* Chrysler
* Ford
* Volvo
* Toyota
* Honda
* Volkswagen
* Hyundai

Best of all, positions in this area of training often leave room for advancements, giving entry level employees the chance to work their way up to Service Manager or Assistant positions. Employees in the parts department of most auto repair shops will also see the same type of advancement opportunities, and can become Parts Managers or Assistants. The future, in other words, is very bright for qualified, well-trained candidates. Don’t hesitate, turn your passion for cars into a well-paying career.

Why Teens Today Are More Afraid to Drive

July 12th, 2011

Years ago, you would be hard pressed to find a 16 year old that couldn’t wait to get his driver license. No fear, no worries about driving and, unfortunately, often not very good judgment.

That’s no longer the case. Here’s a note I received from one of our students in Tyler, Texas:

“If you told me a year ago that exactly one month before I got my driver’s license, I would feel both well prepared and reasonably fearless, I would have laughed in your face. Two years ago I experienced one of the most traumatic events of my life, a car accident. Ever since then I have entertained a certain terror of riding in vehicles. Considering this, I believe it is remarkable that I can calmly look forward to my 16th birthday and the day I get my license.

The reason for my assurance is the labor-intensive parent taught drivers education program, with which my mother instructed me. The program requires a minimum of 50 hours of in-vehicle training, including at least 10 hours of nighttime driving. After completing this requirement, I feel extremely adapted to driving in a variety of situations and weather. My extensive in vehicle training has not only allayed my great timidity, but it has also prepared me for driving by myself once I get my license.”

I appreciate the young lady’s comments. Would it surprise you to know that the above comments are typical of those that I receive every day.

Young folks today are much more hesitant to start driving because of some collision that they have either experienced themselves, or because they know someone who has been involved in a serious collision.

That is why mastery of the skills in one area before moving on to the next area is so important in drivers ed. In Texas, the 50 hours is only a minimum requirement. In fact, it is just the starting point. What we have found is that many of our clients do somewhere between 100 to 150 hours of supervised practice over a 9 to 18 month period.

The more folks who learn to become collision-free drivers, the safer the roads are for all of us. What you do counts – it truly makes a difference.

Most adults (parents) don’t think there’s anything wrong with their driving – it’s always the other guy. In fact, one survey revealed that 90% of all drivers consider themselves to be better than average. Of course, that is statistically impossible, but that’s the perception.

When a parent, like you, uses a parent taught drivers education program to guide your son/daughter through the process of becoming a collision-free driver, that parent cannot help but improve their own driving. Isn’t that what you experienced? That experience helps us reduce the number of collisions and saves lives.

Patrick L. Barrett is a nationally known expert in training for collision-free driving. Pat owns Driver Ed in a Box LLC, a company with a mission to provide families with the knowledge and tools necessary to build the habits of safe, collision-free driving through their parent taught drivers education course.

Maintaining Great Gas Mileage

July 12th, 2011

When you think about car maintenance, you probably think about the typical oil change, tire rotation, air filter change, etc. But did you know that there are steps you can take to maintain your gas mileage? Of course, duly completing all of the previous maintenance services will help your car get more miles out of each tank, but there are other steps you can take to get the most out of every trip to the gas station. By following these tips, you can spend less time at the pump and more time on the open road!

- Use the right gasoline. If your car calls for a premium or super grade gas, then don’t skimp on the quality. Though most cars run just fine on unleaded, a car that needs a higher octane fuel may encounter difficulties when running on lower quality gas. You may be spending more at the pump, but it will save you in repair costs, as the mechanical pieces of your vehicle can ultimately end up damaged if you use the wrong type of fuel. Also, it will require less trips to the pump, as your car will run more efficiently

- Keep quarters in your glove compartment. Why? To fill up your tires when they seem a bit deflated. When you have less air in your tires they spread out beneath the weight of your car, causing a larger surface area to meet the road. When this happens there is also an increase in friction, as a bigger section of your tires is coming into contact with the rough pavement. More friction means more fuel is needed to go – resulting in your tank of gas depleting before you know it! Adding air to your tires takes a couple of quarters and maybe five minutes, so it is definitely a great way to keep your gas mileage in check. Be sure that you use an air pressure gauge so that you don’t overfill the tires, though!

- Clean! The more weight you have in your car the more work the vehicle does to move – meaning the more gas you spend accelerating and maintaining speed. By cleaning out your car and removing any excess weight you can lighten the load and pressure put on your gas tank.

- Drive strategically. If you know there’s a huge hill – and a side street that can avoid it – take the side street. Dragging a car that weighs over a ton uphill takes a great deal of fuel, but coasting down it takes none at all! Think about your route before you leave so that you can take the most gas-efficient way to your destination.

- Get regular tune-ups. Your vehicle is like a puzzle, with each piece fitting perfectly to form a car that reliably takes you from point a to point b; however, if one piece of the puzzle is off it has the capability to throw the entire picture out of focus. Regular tune-ups will catch small problems before they become big issues, and can save you tons of money in repairs and at the pump.

Maintaining your car is important if you want it to go the distance, so be sure that you take all of the steps necessary to get the best gas mileage out of your vehicle!
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