Lease or buy a car? Lease it First Then Buy it at a Discount at the End of the Lease

By , October 28, 2017 11:05 am

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Because too many cars are being made today, anyone planning on buying a car should lease it first.

Most carmakers are subsidizing leases, which means that at the end of the lease the car is almost always worth less than its residual value. That’s the time to make an offer for even less than the residual value and maybe save a few thousand dollars.

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Carmakers are offering car lease payment deals that can’t be beaten. So if your stuck on making lease vs buy decisions about a new car, then here are the tips for buying a new car by leasing is first and buying it at a discount at the end of the lease. This is a once-in-a-lifetime opportunity.

At the end of a lease the company financially backing the lease most likely will sell the car on the open market at a loss because it initially inflated the residual value unrealistically. Why not intervene at that point and buy the car for less than the residual value and put that “loss?into your pocket as money saved?

Because of the oversupply of cars of all kinds, from all manufacturers, it’s likely that rebates and discounts will be offered for several years to come.

Leases are attractive during over production
To overcome this, leases will also reflect these discounts and end up being “subsidized?for a similar period by increasing the residual value of a car, Calculating lease payments using the higher residual value makes the lease price more attractive than a competitor’s offer. This lowers the monthly lease price.

Until labor contracts for the Big Three: GM, Ford, and Chrysler, can be significantly reduced, they have no choice but to continue subsidizing leases in order to spur sales. This is once-in-a-lifetime opportunity to minimize the cost of a new car by leasing it first, and then buying it at the end of the lease.

New cars will continue being a bargain
In the past, the auto manufacturers moved cars by subsidizing leases. The monthly lease cost was lowered by increasing the residual value, thereby selling (leasing) more cars. But the value of the vehicle at the end of the lease was almost always less than the contracted residual and each of the off-lease cars then had to be sold in the wholesale market at a loss of several thousand dollars.

This means that at the end of the lease its used car value may also be less than the market value. It is unlikely it will ever be more. That is the time to buy the car at a discount from the contracted residual value.

Several of the big backers of lease financing, Chrysler, some New York banks, and others, each lost several hundred million dollars in each of the past several years because they had to sell the off-lease cars on the open market for less than the residual value.

Future trends favor the consumer
The Automotive industry is saddled with excessive employee benefits, i.e. health and welfare and pension obligations for current and retired employees. Worse, there are too many plants worldwide making vehicles.

If China’s car industry enters the United States in three or four years with the “Cherry?automobile, a talked about vehicle made in China with Chinese wages, the situation will only get worse.

Excessive employee benefit plans for the Big Three
Compounding the problem for some of the manufacturers is that their labor contracts are so juicy that they are better off continuing to give away cars rather than to close a plant continuing to pay benefits to laid off employees.

This situation will not change for several years until consolidation, plant closings, or bankruptcies have cured the problem. And plant closings will be a last resort. Therefore the glut of new cars will likely continue for a few years and the subsidized lease will continue to be offered.

A true-life example
A business friend of mine had a three-year-old leased car with a contract residual value of $28,000. Looking at the used car lot he found he could buy one just like it for $24,000. He assumed the company that financed the lease would loose at least $2,000 in selling it. Through the dealer he offered $22,000 to buy the car and his offer was promptly accepted, including 3%, 3 year financing. His dealings, all by phone (no face to face negotiations needed) were with the company financing the lease.

So lease the car of your dreams today if you ultimately want to buy it. Let the companies financing the lease continue to subsidize your monthly lease payment. About three months before the end of the lease, cruise the used car lots and notice what your car is being offered at and then buy the car (no commissions paid to anyone on this transaction) at the end of the lease and keep several thousand dollars in your pocket.

Copyright 2006 by Beacon Data LLC All rights reserved

Phantom Silver Honors Silver Ghosts

By , October 23, 2017 5:49 pm

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This article informs the reader about the latest Rolls Royce and gives a little history and the auto maker.

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In regard to the formation of the world’s first true luxury automaker, Rolls-Royce, who received top billing, the businessman or the designer? Businessman Charles Rolls came first with second billing going to engineer Henry Royce. Charles and Henry agreed that Rolls’ company would exclusively sell all vehicles made by Royce.

Rolls-Royce Motor Cars made its official debut in 1904 at the Paris Salon. Perhaps “Royce-Rolls” sounded too much like a pun or a criticism than an appropriate nomenclature for a fledgling car manufacturer. Shortly thereafter Royce-designed vehicles were ruling the roadways.

The first Rolls-Royce made was a 10-horsepower, two-cylinder vehicle with a top speed of 39 mph. By 1906 the automaker had a vehicle with three chassis styles and six-cylinder inline engines capable of exceeding 50 mph. The first R-R with an enclosed backseat, the Pullman by Barker, also was introduced at that time. Rolls-Royce elevated its status to a producer of elite vehicles with the Silver Ghost in 1907.

It was the first reliable and smooth riding manufactured. It set a world record for a non-stop motor run, traveling an astonishing 14,371 miles.
The most popular body types of the most elite car of the era were the enclosed Barker cabriolet, the Barker Tourer, the Hooper-Landaulet, and the London-Edinburg.

The fabled vehicle first gained notoriety when it was entered into the 1907 Scottish Reliability Run, winning the gold medal in its class for hill climbing and reliability. Silver Ghosts were manufactured from 1907 to 1925. It is astonishing that the majority of the 6,000 Silver Ghosts built still run well today. Aside from Rolls Royce, how many automakers today would dare say their cars could be driven 100 years from now?

Rolls-Royce has produced 25 Phantom Silvers to commemorate the 100th anniversary of the Silver Ghost. The Phantom Silver’s bespoke paint color is Metallic Ghost Silver. The interior of the limited edition comes in rose leaf or crème light leather. The “RR” logo is embroidered into both the piping and the headrests.

Eco-friendly Santos Palisander rosewood is used throughout the cabin. The varied-grain rosewood also is used for a presentation box that holds the key, two solid silver key fobs and a specially commissioned Conway Stewart fountain pen. The LCD screen for the navigational system is strategically concealed behind the clock in the dashboard to preserve the car’s classic decorum.

Beneath the hood of this refined vehicle is a fuel-injected V-12 engine with 48 valves that accelerates from zero to 60 mph in 5.7 seconds. Its top speed is 149 mph. The sedan has a maintenance-free six-speed transmission and speed-sensitive rack-and-pinion steering. The Phantom Silver sets on 21-inch alloy wheels with chrome centers. The Spirit of Ecstasy, which has been the automakers traditional grille ornament since 1911, is solid silver. It is retractable for security purposes.

Rolls-Royce produced automobiles and aero engines until 1971. Bleak financial circumstances forced the firm into receivership and the divisions became separate companies. The BMW Group has been the owner of the Rolls-Royce line since 1998. While many other brands have strived and risen to attain recognition, Rolls-Royce Motor Company possessed such panache from its inception.

Isuzu Amigo: Claiming Its Right to Fame

By , October 19, 2017 12:32 am

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Despite the fact that it was a new addition to the market where sport utility vehicles were taking most of the share, the Isuzu Amigo was able to shine through. It even took up a fair share of the SUV and the automobile market. It took the interest of the generation X who were craving for a sporty and flashy sport utility vehicle that held a very reasonable price.

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The automobile market was actually monopolized in the 1980s by full size sport utility vehicles. However, come the spring of 1989, in the midst of all those full size SUVs came a compact SUV. It was a sporty mini SUV. It was the Isuzu Amigo.

It came both in a two wheel drive and a four wheel drive. There also were two choices for the engine. The two wheel drive is matched to the 2.3 liter engine with four cylinders and can produce some 96 units of horsepower. As per the four wheel drive, it got matched with the 2.6 liter engine with four cylinders and could produce some 120 horsepower. Both of these engines held a five speed manual transmission system.

Despite the fact that it was a new addition to the market where sport utility vehicles were taking most of the share, the Isuzu Amigo was able to shine through. It even took up a fair share of the SUV and the automobile market. It took the interest of the generation X who were craving for a sporty and flashy sport utility vehicle that held a very reasonable price. Not only does the Isuzu Amigo look good but it also drives good. It has a small engine that means it uses up a lesser amount of gas compared to the full size ones out in the market.

Just like any other vehicle on the market, the Isuzu Amigo has undergone and received various changes. In 1999, a year after it was introduced, it came as a new hardtop wagon with a pop up sunroof over the rear seat. There also was a heated rear window that joined the original semi-convertible. The cruise control system was deleted from the list of features. In 2000, the Isuzu Amigo came with a restyled nose and tail as well. The Isuzu Amigo came then with a standard cruise control as well as adjustable shock absorbers to add to the features that it would boast of. There also was an Intelligent Suspension Control made optional. A year after in 2001, it came with an added rear cargo tray.

Jeep Radiator’s Reliable Backup

By , October 14, 2017 7:29 am

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Step up the heat in your Jeep’s engine. Our Jeep Expansion Tanks will make sure that your cooling system gets the extra lift.

Jeep Expansion Tanks

Constant fuel combustion results to the heating up of vehicle engine. Because of this, the coolant present in the engine expands. This is especially true with the grueling condition of terrains that all-wheel drive vehicles, like the Jeep face. For this reason, Jeep Expansion Tanks are needed. Jeep’s expansion tank, also known as overflow tank, coolant reservoir, or overflow canister, is a chamber that supplies storage space for the coolant when it expands. Jeep Expansion Tanks are usually linked to the radiator’s overflow tube.

How do Jeep Expansion Tanks function? When a Jeep engine cools down, a vacuum is produced in the vehicle’s cooling system. This process, in turn, results to the sucking of coolant in the Jeep expansion tube back into the system. The coolant can move between the system and the expansion tank as it expands and contracts. This is because the cooling system that contains a Jeep expansion tube is a sealed system. As a result, no coolant is lost. A lack of a Jeep expansion tank may cause the coolant to flow out of the overflow tube and the cooling system, spilling onto streets or roads.

Another crucial job of Jeep Expansion Tanks is to get rid of air bubbles from the cooling systems of Cherokee, Compass, Commander, Liberty, and Wrangler. Coolant without air bubbles absorbs heat much faster, and thus, far more efficient than coolant with air bubbles.

The basic difference between a Jeep radiator and a Jeep expansion tank is that the former is always full, while the latter’s level of coolant constantly changes ?increases and decreases. Replacing Jeep Expansion Tanks can be done fairly simply. Installation involves mounting the expansion tank adjacent the radiator, connecting it to the overflow tube, and replacing the radiator cap. A few aftermarket part manufacturers, such as IK Multimedia and RC2, offer quality replacement Jeep Expansion Tanks. Maintaining the Jeep expansion tank is needed to make sure that the radiator holds up in demanding situations that may require temperature control.

Jaguar XK 8: Sporty Yet Classy

By , October 9, 2017 2:48 pm

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The Jaguar XK 8 has been crafted as coupes and convertibles. This vehicle also sports long and elegant lines that have made it quite a distinct vehicle that surely exudes luxury and sophistication. This vehicle is the first vehicle from Jaguar to receive eight cylinders which is called the new Jaguar AJ V8 engine.

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From the Jaguar brand of vehicles comes yet another vehicle that is surely on its way to speeding up to popularity and fame. This vehicle is the Jaguar XK 8, and it is a part of Jaguar’s XK series. This series has been considered to be a modern Grand Touring coupe and convertible from the brand.

The production of the Jaguar XK 8 had actually started back in the year 1996 although the very first vehicles were set out and sold in the market come the following year. This vehicle replaced the niche that the defunct Jaguar XJS left behind when its production was permanently halted. It has already gone through a first generation and is currently on its second. Indeed, the Jaguar XK 8 has been making breakthroughs and achieving them for Jaguar. This vehicle is the first vehicle from Jaguar to receive eight cylinders which is called the new Jaguar AJ V8 engine.

The Jaguar XK 8 has been crafted as coupes and convertibles. This vehicle also sports long and elegant lines that have made it quite a distinct vehicle that surely exudes luxury and sophistication. It has a 2 + 2 seating. And yes, despite its being elegant and sophisticated, the Jaguar XK 8 also performs well and is up for speed. It has been equipped with an engine that could produce some 290 units of horsepower.

Comfort has also been considered by the company when they produced the Jaguar XK 8. For drivers, this vehicle is one that they certainly would want to drive over and over again. It holds Connolly leather seats that are not too firm yet not too soft either. Space and roominess has also not been sacrificed so as not to give passengers a suffocating and very uncomfortable feel. The Jaguar XK 8 can actually accelerate from zero to 60 mph in just 6.6 seconds. Its engine is a DOHC V8 engine with 32 valves. This machine has the capacity to produce some 290 units of horsepower at 6100 rpm and some 290 units of torque at 4250 rpm. Its top speed has been recorded as 155 mph. It can achieve 17 mpg for city driving and 24 mpg as per highway travails.

Installing an Amplifier into your Car

By , October 4, 2017 9:34 pm

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With many car audio systems out there falling well short of tolerable a ideal solution is the addition of an amplifier. An amplifier can be used for one of two things. It can be used to power speakers the speakers that are in the cabin of the car or they can be used to power a sub-woofer in the boot of the car. Both uses provide a greater listening experience.

car audio

With many car audio systems out there falling well short of tolerable a ideal solution is the addition of an amplifier. An amplifier can be used for one of two things. It can be used to power speakers the speakers that are in the cabin of the car or they can be used to power a sub-woofer in the boot of the car. Both uses provide a greater listening experience.

Installing an amplifier is not as difficult as many think. It is a simple 2 hour task that can be performed by anyone with a little knowledge of the electrics of a car. The first thing to do would be to connect the wires to the back of the stereo. This involves taking the stereo out of the dash so you can access the RCA plugs at the back of the stereo. Depending on the amount of channels the amplifier has, usually 4 or 2, there will be 2 RCA plugs. You need to plug these RCA cables into the back of the stereo. The second wire to plug into the back of the stereo is the remote wire. This wire tells the amplifier to turn on and off with the stereo.

Once the plugs are in the back of the stereo you need to run the wires to the boot of the car. This is done through the cabin and can be concealed under plastic panels on the door trims on the floor of the car. Once the wire’s have been run you need to connect the other ends to the amplifier. This is a simple task as all sockets on the amplifier are labeled. Once the wires are in you simply need to wire up the speaker wires to your sub-woofer or your speakers and test the sound. If there is no sound you need to back track and see where you went wrong. If the sound is working you need to go ahead and secure the amplifier somewhere in the boot so it doesn’t move around while you’re driving.

Most car audio installers will charge you an arm and a leg to install an amplifier when it is quite simple and can be done by most people.

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