Most men nowadays want to own a car based on what they want and not on what they need. Owning the best car is not a question of is it practical or not; it is about what men really want. Here are the top 5 cars that most men prefer:Chevrolet Corvette – though Corvette is also a car that a lot of women drive, it is still a "man's car". Most men still prefer to drive a Corvette mainly because of its top-of-the-line V8 engine. Who...more
While computers (also called "Engine Control Units" or ECU's) are a relatively new addition to the world of automobiles – pre-2000 models typically have none – but they have now become an integral part of every modern car. As a matter of fact, insurance companies consider cars to be totaled if their ECU's gets busted. Computers in cars today do all sorts of things – regulate the all wheel drive or 4x4 system, the fuel...more
A lien is a form of security interest that is put on a piece of property as an assurance that a particular debt will be paid. In the context of automobile sales, a lien refers to the car itself, which is used as a security to ensure that the payment for the car loan will be made in full. A lien will not be released until the car has been fully paid by its owner to the bank who issued the loan. In this state, a car is said to be having a lien.Ideally, you should buy only those used cars whose liens are fully paid and are free from any other financial obligations. However, there are just those instances where it simply cannot be helped. Thus, it is important to know what to do if such an issue should arise.If You're About to Buy a Used CarAsk the previous owner about the details of the lien. Typically, a used car seller is very much willing to discuss the details of the lien that is associated with the car he's selling. Discuss with the seller if he or she can settle all his or her debt before finally selling the car to you.However, there are cases where the used car seller does not wish to cooperate by consciously refusing to mention the existence of such a financial...more
Cars are known to be men's most expensive toys this is why most men choose a luxury car over an ordinary one. Luxury cars are also used as fashion statements wherein the rich and famous showcase their luxury cars just to tell the entire world that they are "in" the trend.Owning a luxury car may not be practical but the satisfaction...more
An extended car warranty can be considered a peace-of-mind warranty because it not only saves you from bearing the financial burden of a car repair bill that may cost hundreds or thousands of dollars, but it also takes care of the anxiety you feel when your car has a mechanical malfunction. With this type of warranty protection, you,...more
A lot of people can afford to buy cars because of the availability of financing. As a matter of fact, a vast majority of all brand new cars purchased in Canada were initially under some form of financing plan. However, this begs the question,"How about used or second hand cars?"People are often led into thinking that used or second hand cars are not eligible for financing. This often forces them to delay their purchase until they have saved enough to buy a unit with cold cash. However, many lending institutions actually offer financing options for used motor vehicles.Aside from going to the nearest bank or credit union, a person who is interested in getting a used car loan may also apply for one online. Basically, the prospective applicant would just have to fill out a standard form, and he or she will be pre-qualified. However, should an application actually pre-qualify, the lending institution may still contact the applicant directly, as part of the company's security protocol.Now that it's settled, let us talk about some important concepts behind used car loans. Here are the top three myths about used car financing, along with explanations on why they are...more
Cars that were part of a major accident in the past are the ones that a potential used car buyer must avoid. These cars probably have sustained major damage in the past – damage that has an irreversible and adverse effect not only on...more
Buying a car is not just about paying the price tag and running off with the vehicle right away. There are some extra costs that are associated with purchasing a used car of your own. Paying these costs are just as important as paying...more
Before cars were invented people all over the world travel on foot or on a horse. Although this form of transportation got them around it is very inconvenient and very uncomfortable. When the first car was released, it sold like...more
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