When buying a car, you have to be prepared to lose money… Over time. No one wants to throw money away, and whether or not you will do that with a car purchase is up to you and your negotiation skills and the amount of preparation you’ve invested before buying a car. But one thing is for sure – cars tend to lose value as time goes by and start as soon as you drive them off the dealer’s parking lot. New cars usually lose around 11% in value as soon as you take them off the dealer’s lot, and by the end of the first year of driving, their value has decreased by 25%. However, the good news is … [Read more...]
10 mistakes to avoid when purchasing a used car
How Prone Are Electric Cars to Catching Fire? (updated)
"A battery-powered vehicle having a fire incident is newsworthy. A gasoline-powered vehicle having a fire is newsworthy only if it stops traffic,” said Steven Risser, senior research leader at Battelle, a nonprofit research and development firm and one of the leading experts on the risk of fires in electric vehicles So, how prone are electric cars to catching fire exactly? Stick with us to find out! With electric cars catching fire being more featured in the headlines than ever, it’s only reasonable to be concerned about safety in this sense. But, the truth is that electric cars are … [Read more...]
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Car A/C Units – Do you know how they work?
There is nothing like getting into your car after long walk on a hot day and turning on the A/C to cool down. Air Conditioning is a modern luxury that is so common place, it isn’t even really considered a luxury anymore. Most cars come equipped with working A/C units, so you can turn it on as you’re driving the car off the lot. However. Even though car A/C is a staple of modern life, most people have no idea how it works. This isn’t a HUGE deal, but things get tricky when people try to service their broken A/Cs themselves… which can end up causing more problems. Let’s do a deep dive into … [Read more...]
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What do the letters on car models mean? (updated)
Have you ever wondered what those letters in the names of car models mean? We have a guide to the different car model letters meaning and vehicle model abbreviations. Read more below: If you want to buy a BMW vehicle, would you know what the salesperson is offering you by the name alone? No? Well, that’s why you have us to make your life easier. Confusing letters in the name of a vehicle model are there to describe its body style. Moreover, they are often combined to give you more information about the car right off the bat. In that sense, there are standard and specific vehicle … [Read more...]
What are the total costs of vehicle ownership per brand? (updated)
When it comes to vehicle models, the maintenance costs by brand differ. Even if you’ve never bought a vehicle, you must know that owning it will cost you more than just the price you pay when making the actual purchase, right? In fact, as car owners must already know, when it comes to North America, besides a house, a car is the most expensive item for a family to own. But, does the brand you choose when buying a vehicle play a part in how much money you will need to pour into it over the course of your owning career? The cost of maintenance by car brand differs but what are the cars with … [Read more...]
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