car–makes.com|car makes topic discussion
Jan
12
Filed Under (car makes) by AJS
Shaun Parker asked:
In the UK motorists have historically preferred to always ‘Buy’ their new cars by using up their savings or taking out a personal loan, neither of which make sound financial sense, for one main reason, DEPRECIATION!!
Every single vehicle sold in the UK today loses a huge amount of its value over the 1st 3 years of its life, infact a large percentage of these vehicles being worth less than 40% of the initial purchase price after 3 years. For example an executive car purchased for 30000 pounds could be worth less than 12000 pounds after only 3 years, frightening isn’t it! And yet in the UK people continue to buy their new cars, but why?, because if I compared it to home buying for example, you wouldn’t want to buy your next house for 200,000 pounds to find that when you wanted to move 3 years later that it was only worth 80,000. pounds
It is because of this steady decline in vehicle values across the marketplace that several interesting alternatives have started to become of interest to the private individual, despite many businesses having used these alternative means of obtaining their company vehicles for many years.
One of the interesting features of obtaining vehicles via these means is the fact that for years business users have managed to take advantage of huge discounts of thousands of pounds off their new cars, whereas the man on the street used to be happy with 500 pounds off and a set of mudflaps/full tank of fuel and think they were getting a good deal! Now the private individual is able to receive the same huge discounts off their chosen vehicles as well by using vehicle brokers, so that’s a huge saving already.
The most popular of all these funding types is Contract Hire be it personal or business, which in a nutshell means that the car is purchased on a set contract for example over 3 years based on an annual mileage of 10,000 miles per annum . The customer pays a small initial deposit of the equivalent of 3 monthly rentals before delivery of their new car and pays the balance over the 3 years, and at the end they simply hand the car back and start again. In every case the client will find that the amount of money they have paid to run their car for the 3 years is less than what they would have lost had they purchased it instead.
The other bonus is during the entire contract their road tax is included and paid for, and they have the full manufacturers warranty and roadside assistance, just as they would if they’d bought the car. The only additional costs they may have at the end of the contract is if they have gone over the agreed mileage, and for that they would have to pay the agreed excess pence per mile charge.
For those individuals that still want to have something to ’show’ for the money they’ve spent over the years, there is personal contract purchase or PCP as most people know it by. With this type of contract as with Contract hire the individual takes advantage of fleet discounts again and pays a similar 3 payments in advance followed by 35 payments as before, but has set out at the beginning of the contract something called a Guaranteed future value, which is the amount that the funder values that vehicle will be worth at the end of the contract term. So once the client has reached the end of the contract, rather than simply handing the car back as with contract hire, they have 3 choices:
1. They can ‘pay’ the GFV and then by rights they will ‘own’ the car, so it is theirs to sell on, part exchange or continue to use. This is where some clients like to try to make some money back, by selling the car on for more than they have just paid for it, but this has the added inconvenience of having to advertise and deal with potential buyers of your car.
2. Alternatively they can choose to refinance the GFV and therefore continue to use the vehicle till that agreement has been paid off and again at that point the client will ‘own’ their car.
3. Or finally they can just choose to hand the car back to the dealer and start again.
So hopefully over the coming years more and more private individuals will keep the majority of their hard earned savings in the bank or invest in property, but never should they look to ‘Buy’ their next new car.
Quentin
In the UK motorists have historically preferred to always ‘Buy’ their new cars by using up their savings or taking out a personal loan, neither of which make sound financial sense, for one main reason, DEPRECIATION!!
Every single vehicle sold in the UK today loses a huge amount of its value over the 1st 3 years of its life, infact a large percentage of these vehicles being worth less than 40% of the initial purchase price after 3 years. For example an executive car purchased for 30000 pounds could be worth less than 12000 pounds after only 3 years, frightening isn’t it! And yet in the UK people continue to buy their new cars, but why?, because if I compared it to home buying for example, you wouldn’t want to buy your next house for 200,000 pounds to find that when you wanted to move 3 years later that it was only worth 80,000. pounds
It is because of this steady decline in vehicle values across the marketplace that several interesting alternatives have started to become of interest to the private individual, despite many businesses having used these alternative means of obtaining their company vehicles for many years.
One of the interesting features of obtaining vehicles via these means is the fact that for years business users have managed to take advantage of huge discounts of thousands of pounds off their new cars, whereas the man on the street used to be happy with 500 pounds off and a set of mudflaps/full tank of fuel and think they were getting a good deal! Now the private individual is able to receive the same huge discounts off their chosen vehicles as well by using vehicle brokers, so that’s a huge saving already.
The most popular of all these funding types is Contract Hire be it personal or business, which in a nutshell means that the car is purchased on a set contract for example over 3 years based on an annual mileage of 10,000 miles per annum . The customer pays a small initial deposit of the equivalent of 3 monthly rentals before delivery of their new car and pays the balance over the 3 years, and at the end they simply hand the car back and start again. In every case the client will find that the amount of money they have paid to run their car for the 3 years is less than what they would have lost had they purchased it instead.
The other bonus is during the entire contract their road tax is included and paid for, and they have the full manufacturers warranty and roadside assistance, just as they would if they’d bought the car. The only additional costs they may have at the end of the contract is if they have gone over the agreed mileage, and for that they would have to pay the agreed excess pence per mile charge.
For those individuals that still want to have something to ’show’ for the money they’ve spent over the years, there is personal contract purchase or PCP as most people know it by. With this type of contract as with Contract hire the individual takes advantage of fleet discounts again and pays a similar 3 payments in advance followed by 35 payments as before, but has set out at the beginning of the contract something called a Guaranteed future value, which is the amount that the funder values that vehicle will be worth at the end of the contract term. So once the client has reached the end of the contract, rather than simply handing the car back as with contract hire, they have 3 choices:
1. They can ‘pay’ the GFV and then by rights they will ‘own’ the car, so it is theirs to sell on, part exchange or continue to use. This is where some clients like to try to make some money back, by selling the car on for more than they have just paid for it, but this has the added inconvenience of having to advertise and deal with potential buyers of your car.
2. Alternatively they can choose to refinance the GFV and therefore continue to use the vehicle till that agreement has been paid off and again at that point the client will ‘own’ their car.
3. Or finally they can just choose to hand the car back to the dealer and start again.
So hopefully over the coming years more and more private individuals will keep the majority of their hard earned savings in the bank or invest in property, but never should they look to ‘Buy’ their next new car.
Quentin
Comments Off
Nov
26
Filed Under (car makes) by AJS
Car Loans asked:
A bad credit car loan refinance program provides the opportunity for an individual to receive better interest rates and a lower payment on a current vehicle. This type of service could be available to a car owner that has a vehicle that is worth more than the remaining balance owed, or if it has already been bought outright. To refinance means to finance again. Bad credit auto loans refinance funds pay off the original lender and begin a new term with a new payment amount. Typically, a program of this nature will have a higher interest rate than a program for the individual in good financial standing, but a lower interest rate than the original agreement. There are no restrictions on the number of times a person can apply for this type of service.
Some borrowers make applications yearly in hopes to find the best rates. As long as the automobile holds its value; a lender will more than likely approve the loan. Bad credit auto loans refinance programs are limited to cars that are either; newer, extremely expensive, or considered classics. Older cars with higher mileage do not keep their value and therefore would not qualify for a bad credit car loans refinance program. The car is pledged as security, and is therefore the leading factor in whether or not approval is achieved. If the borrower’s financial score is too low (lower than 550); they may be ineligible to apply.
It is important for the borrower to know what a FICO score is before applying, as there is usually a non-refundable application fee. The FICO score can be checked by obtaining copies of a borrower’s financial report from all three nationally recognized reporting agencies: Equifax, Experian, and Trans Union. Once the report is obtained, experts recommend reviewing it for inaccuracies. Inaccuracies make up 25% of lowered scores. Typical inaccuracies that will lower a financial score and render a bad credit auto loan refinance applicant ineligible include: incorrect balances on credit cards, incorrect employment information, and unauthorized credit report inquiries, and incorrect accounts belonging to someone else.
Tate
A bad credit car loan refinance program provides the opportunity for an individual to receive better interest rates and a lower payment on a current vehicle. This type of service could be available to a car owner that has a vehicle that is worth more than the remaining balance owed, or if it has already been bought outright. To refinance means to finance again. Bad credit auto loans refinance funds pay off the original lender and begin a new term with a new payment amount. Typically, a program of this nature will have a higher interest rate than a program for the individual in good financial standing, but a lower interest rate than the original agreement. There are no restrictions on the number of times a person can apply for this type of service.
Some borrowers make applications yearly in hopes to find the best rates. As long as the automobile holds its value; a lender will more than likely approve the loan. Bad credit auto loans refinance programs are limited to cars that are either; newer, extremely expensive, or considered classics. Older cars with higher mileage do not keep their value and therefore would not qualify for a bad credit car loans refinance program. The car is pledged as security, and is therefore the leading factor in whether or not approval is achieved. If the borrower’s financial score is too low (lower than 550); they may be ineligible to apply.
It is important for the borrower to know what a FICO score is before applying, as there is usually a non-refundable application fee. The FICO score can be checked by obtaining copies of a borrower’s financial report from all three nationally recognized reporting agencies: Equifax, Experian, and Trans Union. Once the report is obtained, experts recommend reviewing it for inaccuracies. Inaccuracies make up 25% of lowered scores. Typical inaccuracies that will lower a financial score and render a bad credit auto loan refinance applicant ineligible include: incorrect balances on credit cards, incorrect employment information, and unauthorized credit report inquiries, and incorrect accounts belonging to someone else.
Tate
Comments Off
Aug
22
Filed Under (car makes) by AJS
Paul Aitchison asked:
If you have ever asked yourself – how can I make my car faster – then you need to discover waterpower. Fast cars are nice, but they use a lot of gas. With the high gas prices that can really afford to pay more than they have to for gasoline? Anyone who wants to learn the answer to ‘how can I make my car faster’ needs to learn a little about speed, fuel consumption and aerodynamics. These things will help a person to make a fast car that also uses less fuel. In addition, it can help if a person looks at alternative power sources that will help cut gas usage in half, such as water power. Learning about waterpower will enable you to build a fast car that is really fast and efficient.
The entire design works with the energy drawn from the car battery to break up the water molecules into hydrogen and oxygen atoms. However the normal batteries of the cars can somehow be a little weaker for this purpose and thus the technologies are getting worked upon on a regular basis to make things work just perfectly. The current engines of cars do indeed have specific designs for running on explosive petroleum and thus they can be effectively reused to utilize water and even blend gasoline and hydrogen and get superior efficiency of the performance of the car’s engine and thereby it is very true that you can very well run your car on water without any damages incurred to the vehicle. Truly for vehicles that run subsequent mileage on a daily basis the new design for the water for gas does indeed helps people to save over around a thousand dollar a year by running their car on water.
Several designs are available to attain this. Let us discuss the primitive ideas that led to the approach for the running of cars on water. A very primary procedure to this is the mechanism of “Electrolysis” as well. This process can effectively separate the hydrogen and oxygen atoms using electricity. Later the available hydrogen can enter the combustion chamber of the car and effectively reduce the intake for gas. Thus it can be something that establishes the foundation for the water run cars.
Many alternative fuels are almost as costly as gas, so you really save no money. Water is not at all like that. It is easy to get and use. Another issue with alternatives is that some of them cannot give you the power that gas does. Water is not like that. You get the power, too. Waterpower is safe, clean, easy to use and cheap. It is the ultimate alternative to gas and the perfect option for someone who has a need for speed.
Duane
If you have ever asked yourself – how can I make my car faster – then you need to discover waterpower. Fast cars are nice, but they use a lot of gas. With the high gas prices that can really afford to pay more than they have to for gasoline? Anyone who wants to learn the answer to ‘how can I make my car faster’ needs to learn a little about speed, fuel consumption and aerodynamics. These things will help a person to make a fast car that also uses less fuel. In addition, it can help if a person looks at alternative power sources that will help cut gas usage in half, such as water power. Learning about waterpower will enable you to build a fast car that is really fast and efficient.
The entire design works with the energy drawn from the car battery to break up the water molecules into hydrogen and oxygen atoms. However the normal batteries of the cars can somehow be a little weaker for this purpose and thus the technologies are getting worked upon on a regular basis to make things work just perfectly. The current engines of cars do indeed have specific designs for running on explosive petroleum and thus they can be effectively reused to utilize water and even blend gasoline and hydrogen and get superior efficiency of the performance of the car’s engine and thereby it is very true that you can very well run your car on water without any damages incurred to the vehicle. Truly for vehicles that run subsequent mileage on a daily basis the new design for the water for gas does indeed helps people to save over around a thousand dollar a year by running their car on water.
Several designs are available to attain this. Let us discuss the primitive ideas that led to the approach for the running of cars on water. A very primary procedure to this is the mechanism of “Electrolysis” as well. This process can effectively separate the hydrogen and oxygen atoms using electricity. Later the available hydrogen can enter the combustion chamber of the car and effectively reduce the intake for gas. Thus it can be something that establishes the foundation for the water run cars.
Many alternative fuels are almost as costly as gas, so you really save no money. Water is not at all like that. It is easy to get and use. Another issue with alternatives is that some of them cannot give you the power that gas does. Water is not like that. You get the power, too. Waterpower is safe, clean, easy to use and cheap. It is the ultimate alternative to gas and the perfect option for someone who has a need for speed.
Duane
Comments Off
Dec
15
Filed Under (car makes) by AJS
Fourester asked:
Is there a free website where I can get the following concerning various makes of cars sold in the US: MSRP, MPG, and maintenance costs per year (plus the average mileage per year used to calculate the maintenance costs since I drive much per year than average) or per mile? I am trying to figure out what car to buy for commuting based solely on cost and dependablity. I have set up a spreadsheet to make the calculations, just need the numbers now.
Holden
Is there a free website where I can get the following concerning various makes of cars sold in the US: MSRP, MPG, and maintenance costs per year (plus the average mileage per year used to calculate the maintenance costs since I drive much per year than average) or per mile? I am trying to figure out what car to buy for commuting based solely on cost and dependablity. I have set up a spreadsheet to make the calculations, just need the numbers now.
Holden
Jan
01
Filed Under (car makes) by AJS
horseexpress2000 asked:
I’m starting to research different cars because I need to get a new one somewhat soon. I know I want a used car that has low mileage and is in good shape. Car safety is also really important. Can you recommend some websites that are good for overall car research and car listings? Thanks!
I have a 1990 Volvo wagon now and would like something similar to that, but newer and maybe not another Volvo since they are expensive to fix and from what I’ve heard the newer ones aren’t as good as the old ones.
Ellis
I’m starting to research different cars because I need to get a new one somewhat soon. I know I want a used car that has low mileage and is in good shape. Car safety is also really important. Can you recommend some websites that are good for overall car research and car listings? Thanks!
I have a 1990 Volvo wagon now and would like something similar to that, but newer and maybe not another Volvo since they are expensive to fix and from what I’ve heard the newer ones aren’t as good as the old ones.
Ellis
