If you’ve ever bought a used car, or you’re thinking about doing that and have started looking and gathering info, you may have heard that some cars come with a rebuilt title. The term might be self-explanatory, but it never hurts to know more, so keep reading to find all about what a rebuilt title is. A rebuilt title refers to a vehicle that had a salvage title and has then been restored to roadworthy condition. Salvage titles are issued for cars that have been damaged in a crash, accident or weather event (like a flood) and are deemed by an insurance company to be totaled and too … [Read more...]
Energy Efficiency: Electric Vehicles vs. Fossil-Fuel Vehicles
For a while back, we’ve been seeing the ever so slight shift within the automotive industry - from fossil-fuel vehicles to the electric ones. The first and most obvious reason for this is humanity’s attempt to reduce its carbon footprint and preserve the environment. The second and third are that electric vehicles are easier to maintain and electric charging is cheaper. However, there is one more thing to consider here. Apparently, electric cars have significantly higher energy efficiency than cars with ICE engines. Let’s examine. According to a study by the US Department of Energy … [Read more...]
What Are Your Rights When Buying a Used Car?
When buying a car, there are a lot of things to consider (the dealer’s reputation, the choice and state of the vehicle, etc.) - and there is a simple reason for that. Unless you have unlimited financial means, you won’t be able to just walk into a car dealership and pick a car without considering its price and how you are going to pay for it. That’s why it’s crucial that you be aware of your consumer rights in case something goes wrong with your car purchase. Stick with us to find out what they are. In the Ontario province, you can buy a car in these 3 ways: 1) Buying outright: Using … [Read more...]
10 Reasons to Admire Canadian Auto Production (Infographic)
Before the signing of the 1965 Auto Pact by Canada and the US, American car companies were forced to produce Canadian-specific models in branch plants located largely in Ontario. But with America exporting most of the required components, Canada racked up big trade deficits due to the value of parts crossing the border. The Auto Pact abolished automobile-related tariffs between the 2 countries and, in exchange, the Big 3 automakers pledged that Canadian auto production would not fall below 1964 levels. Canada would produce a smaller variety of vehicles, but in greater numbers – many of which … [Read more...]
Are Cars with Biometric Sensors the Future?
The automotive technology is rapidly advancing - so much so that there already are smart cars on our streets connected to smart city infrastructure and making the driving experience an easier one. Yes, easier, because connected car features can range from general Internet services, entertainment and social platforms, to smart mobility services that leverage data. Moreover, some aspects of the connected car are a reality - with 4G networks powering navigation devices, traffic alerts and streaming to entertainment systems. Many of the driving processes are being automated to the point … [Read more...]
Car Depreciation: What Are the Risks?
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 car purchase is up to you and your negotiation skills and the amount of preparation you’ve invested prior to buying a car. But, one thing is for sure - cars tend to lose in 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, its value has decreased by 25%. However, the good … [Read more...]
5 Biggest Automakers’ Plans with EVs
The rise in sales when it comes to electric vehicles is more than noticeable, but it seems that we are able to say that mostly because of Tesla Inc.’s coming out into the mainstream electric vehicle market. They are also responsible for the end-of-year surge which lead to the year 2018 closing with 2 million sales. The estimated result stands at 2,018,247, which is 72% more than a year ago at an average market share of 2.1%. Moreover, all-electric cars took 69% of sales, while PHEV 31%. Such a high advantage for BEVs has not been seen since 2011. Next year result is expected at 3-3.5 million … [Read more...]
5 Tips to Handle Car Financing Successfully (Infographic)
Purchasing a vehicle is the second biggest investment for Canadians, which is why buying a car outright is not something everyone can do. Exploring other options is exhausting - admittedly - but financing or leasing a car is the right choice for you if you don’t have enough cash or savings to pay for it in one clean stroke. No matter if you choose to finance a used car or a new one - you need to make sure the terms are acceptable to you and something you will have no trouble honoring in the future. To help you prepare for the process, we have compiled 5 tips on how to handle financing … [Read more...]
Why Aren’t We All Driving Electric Cars by Now?
Driving electric vehicles has its benefits - no doubt - if you disregard the high initial price of the vehicles themselves. Electric cars preserve the environment and help us breath clean(er) air. Moreover, electric cars are cheaper to own than fossil-fuel ones, not just in terms of “fuel” costs - charging costs for an EV are about 20-50% of gassing up a tank in a fossil-fuel car, but also in terms of maintenance. Finally, electric cars are easy to maintain and cheaper if you bear in mind that their systems are simpler than in fossil-fuel cars, thus making them easier to take care of. So why … [Read more...]
Elon Musk: From Electric Cars to a City on Mars
Unless you’ve been living under a rock for the last couple of years, you must have heard of Mr. Elon Musk. Actually, his name is most often associated with the electric car industry and the private 21st-century space exploration. The launch of Musk’s Tesla Roadster into the Earth’s orbit was hands-down one of the most exciting moments of 2018 and Mr. Musk was elbows deep involved in the preparations for it and the event itself. More recently, he has been making headlines about moving to Mars and making the staple of his most prominent company - the Tesla Model 3 - more affordable and … [Read more...]
