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Advantages and Disadvantages of Buying Used Cars

Jul 29, 2009 More Saving

Deciding on buying a used car can seem like a huge decision. Buying a used vehicle often offers the best dollar value to the consumer, but with it can come many issues and problems. Many people feel that by purchasing a used car they are setting themselves up for a lifetime of sitting in the local garage and having a depleted bank account. All this can be true, but with a bit of research and careful consideration mixed with common sense, a good used car can be the perfect answer to all your vehicle needs. You just need to take time and balance the pros and cons of each vehicle you are considering.

A used vehicle offers a long list of advantages over trying to obtain a new one. Costs of expenses like insurance, taxes, better vehicle options, as well as the obvious lower price, are all bonuses on the side of the consumer. Also, compared to new vehicles, it is easy to research the history of the vehicle and learn about any mechanical issues it may have as opposed to a new vehicle, especially if it is the first year for the model.

Insuring a used vehicle is considerably lower than insuring a new model. Costs can be as different as $50 to $500 or more annually depending on the make, model, year and previous driving record of the person insuring the vehicle. Another reason for the lower insurance costs is that an older vehicle does not always need to be covered for all possible insurance options, such as collision. A brand new vehicle will need more coverage for protection from accidents.

Used cars may not be under any type of service warranty so you will need to be prepared for out of pocket costs for repairs. Everything from tires to transmissions will be possible issues, so research your potential vehicle before purchasing. Some makes and models are prone to certain common repair needs so avoiding those vehicles will be easy if you check them out first.

Many vehicles that are previously owned are much more reliable than they had been years ago. Vehicles manufactured since the late1980s have reported less repairs and problems occurring to the exhaust systems and body deterioration. Many of todays used cars will last well past 100,000 miles and some as high as 200,000 miles with proper maintenance and care. How the vehicle fairs will depend on how well the previous owner treated and cared for the car.

Unfortunately, an older used vehicle may not have the safety requirements you would like or need to have, so make sure that this is something you take into consideration. Airbags, child safe seat restraints, and traction control are likely to be lacking, but a garage will be able to install a child protective system, and if you shop around, the other features may be found.

There are a few issues to consider when buying a used vehicle but as long as you are alert and practical your purchase should prove to be well worth the efforts made. Always take the car you are considering to a respected and trustworthy independent mechanic for a through inspection. This move on its own could not only make or break the deal, but could save you thousands of dollars in repairs.

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What Is The History Behind Honda Cars?

Jul 17, 2009 More Saving

Headquartered in Japan, the Honda Company has had a long and successful history of making quality cars. The Honda Technology Research Institute Company is the 6th largest automobile manufacturer in the world and the biggest engine-builder in the world. Each year, Honda builds more than 14 million internal combustion engines. The company builds automobiles, motorcycles, trucks, scooters, robots, jets and jet engines, ATV, water craft, electrical generators, marine engines, lawn and garden equipment, mountain bikes, and aeronautical technologies.

In October 1946, Soichiro Honda established the Honda Technical Research Institute in Hamamatsu, Japan. The goal was to develop and build small 2-cycle motorbike engines. Two years later, Honda Motor Company, Ltd. was created. Hondas first US storefront opened in 1959 in Los Angeles.

Hondas first production automobile was the T360 mini pick-up truck. The first production car from Honda was the S500 sports car.

Chronological highlights of the history of behind Honda cars as reported by world.honda.com include:

1963 Honda’s first sports car (S500) and light truck (T360) released. 1966 Sales and export of S800 begin. 1967 Front-wheel-drive minicar, N360, released. 1968 Export of N360 and N600 begin.

1971 Life minicar released.

1972 Civic released.

1976 Accord CVCC (1600cc) released.

1978 Prelude released.

1981 City released. 1985 Today minicar and Legend released. Quint Integra released.

1986 Honda expanded into the luxury automobile market with the creation of the Acura brand

1989 Accord Inspire released.

1990 NSX sports car released. 1992 Worldwide automobile production reaches 20 million units. 1994 Odyssey released.

1995 Worldwide Civic production reaches 10 million units. CR-V sports utility vehicle released. Worldwide automobile production reaches 30 million units.

1996 Step WGN (Wagon) released. 1999 Honda S2000 sports car released. Lagreat Canadian-made minivan released. Insight hybrid released.

2000 Life Almas, first minicar with features for the physically challenged, released. Stream minivan released.

2001 Fit released. Civic Hybrid released.

2003 Honda becomes first Japanese automaker to produce 10 million cars in the U. S. New Odyssey released.

2005 Ridgeline next-generation truck released in U.S. American Honda Motor begins sales of Phill, the first home refueling appliance for natural gas vehicles. Leasing of FCX fuel cell vehicle for home use begins. Worldwide sales of Honda hybrid vehicles reached 100,000.

2006 Zest unveiled. Performance of next-generation fuel-cell car FCX Concept demonstrated.

2007 Crossroad released.

In August 2008, Honda surpassed Chrysler as the 4th largest automobile manufacturer in the United States. Currently, Honda is the second largest manufacturer in Japan behind Toyota and ahead of Nissan.

Honda increased global production in September 2008 to meet demand for small cars in the U.S. and emerging markets. Due to the current global crisis, the company is now rearranging U.S. production to keep operations functioning, while building fewer minivans and sport utility vehicles.

Honda introduced the second-generation Insight in its home nation of Japan in February 2009. The U.S. market received the new Insight in April 2009. Honda expects to sell 200,000 of the vehicles each year, with half of those sales in the United States. Since 2002, Honda has been selling the Honda Civic Hybrid (2003 model) in the US market. It was followed by the Honda Accord Hybrid.

The history of Honda Cars has been filled with many achievements. With the current economic slow down, Honda is making necessary adjustments to its business structure to ensure its future success.

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Why Seized Cars are a Better Buy then Used Dealership Cars

Mar 18, 2009 More Saving

Are you aware that you will be allowed to attend many of the government and police auctions in your area? The police seize thousands of cars and other vehicles every month all across the country due to several different reasons. These vehicles are offered for much lower prices than you would generally pay by going through a car dealership.

In fact these auctions are a secret that car dealerships don’t want you to know about. An educated consumer could pose as a potential threat to at least a portion of their business.

Yet over 90% of the population still goes to car dealerships to purchase their vehicles. People are simply not aware of the great deals that police auctions have to offer. The government isn’t about to spend any budget publicizing the auctions either. Below is a list of pros of advantages versus disadvantages in buying vehicles at these auctions:

Advantages:

- Business Methodology allows much lower prices.

- No matter where you live, there are typically many auctions held around your area

- Detailed previews on the Internet of the cars and vehicles that will be offered at upcoming auctions

- There is a large selection of vehicles that can be found at police auctions including: cars, jeeps, trucks, minivans, ATV’s and more!

- No middleman for you to have to deal with or pay

- No pushy salesperson looking for a commission

- Motivated seller who is not equipped to handle inventory, everything must go

- Possible advantages to income taxes (establish a business name)

- Usually pay less car taxes

- Once you understand process you can do as a side business (i.e sale cars in Autotrader.com or eBay)

Disadvantages:

- Most sales are made in cash so credit is typically not offered

- No extended warranty beyond what the manufacturer offers. Most used dealerships give only 30 days

If you don’t mind paying cash for a near new vehicle, then the advantages obviously outweigh the advantages. Don’t forget to have someone with you who understands vehicles to inspect the ones you’re interested in.

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