Cars That Drive Themselves – More Fact Than Fiction

    by mkuo on Oct.09, 2012, under Uncategorized

    For most people, the idea of owning a car that drives itself seems like something straight out of a science fiction novel. What they don’t realize is that is a strong possibility, and evidence of its imminence is right in front of us.

    Mercedes recently invented distronic brakes, which will slow down a car in cruise control if another car comes in front of it. Ford revealed its innovation of park assist technology, which will pull a car into a parallel parking spot without the help of the driver. Land Rover has gotten a reputation for its self-levelling suspension, which keeps the car level even on rough terrain. Let’s face it people – our cars are getting smarter than we are.For more details Visit our website autoloancenter.com.au

    In a recent article on Dispatch.com, Froma Harrop discusses the dangers to come from driverless cars. Key points from her article:

    1. “A legal question for the 21st century: If your driverless car does get in an accident, who is to blame, you or the software developer?”
    2. “A philosophical question: Are driverless cars computerized vehicles or computers on wheels?”
    3. “The utopian side says the hours our eyes were glued to the road will be spent in leisure or intellectual pursuits. The dystopian side says that the effort the technology saves us will create more time for work. Have smartphones freed up your day?”

    Long story short, there may be more problems to come with highly innovative cars than there are positive effects. Thus we have to ask ourselves, is this worth the hassle of development? Will the roads really be safer if cars can drive themselves? We won’t know until we get there. For now though, one thing is certain: You better watch out when you’re behind the wheel.

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    Reasons to Buy a Car in the Winter

    by mkuo on Aug.29, 2012, under Uncategorized

    The winter is my favorite time of year. Not because of Christmas, snowmen, or Black Friday sales – because of the super low prices on cars. If you can wait until winter to get the car you want, you’re going to get a good deal no matter what. I have experienced the awesomeness that comes from car shopping around this time of year. Now I’m just trying to encourage other people to experience it as well. Here are some reasons to buy a car in the winter.

    Low Prices

    Cars are always always always always always cheaper in the winter. My car dropped $5,000 in value from July to December because of the demand for the vehicle at the time. Your trade-in might not be worth as much as you want it to be, but the car you buy will be a lot cheaper. All you have to do is find the right deal after that.

    Minimal Crowds

    If you can shop when no one else is around, you will have your pick of whatever car and salesperson you want. You won’t have to worry about fighting someone just to get that shiny Mercedes you’ve been dying to drive. Just pull up, ask for the keys, and go.

    Realistic Perspectives

    You can get a feel for how the car will really drive if you test it out in the winter. This is the time when cars struggle the most, so you can get a sense of the bad side of the vehicle. You might not think that’s a good idea, but it will help you avoid something that drives like crap in the long run.

    Desperate Salesmen

    Because there are so few people shopping at this time, all of the salespeople are desperate to sell a car. They will work extra hard to make your deal happen because they know they aren’t going to get one any time soon. It is amazing to see how aggressive marketing coordinators get when the winter comes around. “Slashed prices! $1 down financing! No payments for a year!” Craziness. You can benefit from all the craziness by buying at the right times. Check out the cars available for you once November rolls around. You might find a new set of wheels when you least expect it.

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    Saving up a Healthy Down Payment

    by mkuo on Jul.21, 2012, under Uncategorized

    If you want to ensure that you will get a car financed, you need to have a down payment to bring to the table. This shows that you are committed to the car loan and that you are willing to pay up to get the vehicle you want. Saving a lot of money for a down payment may not be easy, but it is far from impossible. You just need to find creative ways to cut your costs. I have done this several times over, so I know the process well. Here are some tips to help you save a healthy down payment for a car.

    Sell Something Big

    If you have something you can part with for a few grand, you might want to consider selling it for your down payment money. You could do this with the car you are currently driving, or you could trade it in. The trade will give you less money for your vehicle, but it will provide you with an instant way to get a car. What you do is up to you. Put some furniture up on Craigslist and see if you get anything for it. You could use all of that money to buy a car.

    Use Your School Money

    You’re not technically supposed to use scholarships for college to pay for personal items, but a ton of people do that anyway. Once you get your check back from the school, you could apply whatever you get as a down payment on your car. This might be a quick way to get a decent amount of money for your vehicle without having to put a ton of work into the process. Just make sure you stay in school for the semester to avoid having to pay all that money back.

    Make Personal Sacrifices

    If you can’t save a big chunk of money in a short period of time, you may have to just put away like everyone else does. That means that you have to make sacrifices in the way you are living to free up some income for savings. You may need to cut back on the amount of times you eat out throughout the month, or you may need to automatically draft a certain portion of your paycheck for savings. As long as you remain committed to your goal of getting a car, you should be able to find a way to make it happen.

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    The Forgotten Costs of Car Loans

    by mkuo on Jul.11, 2012, under Uncategorized

    With the current state of the economy, most people have to get a loan to own a car. Car loans aren’t exactly easy to come by, but they aren’t impossible either. If you are thinking about financing a vehicle in the future, you might want to think about more than just the cost of the car you want to buy. There are many other financial factors that may come into play. Here is a look at some of the costs for car loans that you might not have thought about just yet.

    Interest Rates

    Everyone knows that a loan is going to come with interest. The probably is that most people don’t understand how interest is compounded on a loan. If you have a 10% interest rate on a $20,000 car loan, you won’t be paying $22,000 at the end of everything. You’ll be paying close to $33,000. Why? Because the interest is compounded by month or by quarter, not just one time. If you want to test this theory yourself, you can use the compound interest calculator at http://www.interestcalc.org/.

    Insurance

    When you have a car loan, you have to pay more insurance than liability. Your lender is going to expect you to carry full coverage, which means that your monthly premiums are going to increase considerably. Some lenders will limit the size of your deductible as well, which will boost your rates even further. Before you sign up for a car loan, talk to your insurance agent to figure out what you may have to pay for coverage each month. If you can’t afford to insure the car, you can’t afford to buy it.

    Maintenance

    Check out the average cost of maintenance for your car before you just jump right into it. If you think that it is going to be higher than what you can afford, you might want to get a cheaper car to fix. Tires, oil changes, windshield wipers, and all kinds of other costs can add up really quickly. The more expensive the car is, the more expensive the upkeep will be. You have to figure all of this out before you commit yourself to the loan.

    Car loans are much more expensive than what they seem at first. Keep that in mind before you overextend yourself. If you can get a loan that you can still afford in the end, more power to you.

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