Lehua Kyllikki. sedan. August 04th , 2017.
The basic story of the Disney Pixar Cars games is that of the race car Lightning McQueen that has only one target: that of winning. He is on his way to the Piston Cup Championship, one of the most prestigious races of the year. But Lightning McQueen gets lost on the way and here is where the real adventure begins. The race car gets to Radiator Springs, a long forgotten place where he meets a lot of funny characters. In this place where not even the grass seems to grow, Lightning McQueen learns the lesson of his life, and realizes that races are not what life is about. He also gets to meet a former champion and a nice Porsche that he falls in love with.
The author of a well-read and well-circulated financial blog, the Simple Dollar, wrote that you should put money down on a car in order to avoid GAP insurance. What is GAP insurance? GAP insurance stands for Guaranteed Auto Protection and is a supplemental form of auto insurance that covers the GAP between the residual value on the car if it is totaled out and the loan amount on the car. GAP insurance is an additional expense especially if you purchase a car that does not hold its value over the long run (as most dont) but is it worth giving up $3000-5000 cash to avoid the premium? Of course not. And heres why. Cars are depreciating assets. As a rule of thumb they lose 10-25% of their value each year for the first 3 years. Putting any money down on a car, therefore, is a lot like taking a roll of Benjamins into your bathroom, lifting the lid and flushing 30 to 50 of those bills down the toilet. Any money that a new car purchaser puts down will not translate into equity in that car, but will disappear into thin air the moment the new owner drives that car off the lot. GAP insurance on the other hand is a relatively small expense a consumer may or may not choose to assume. Should the consumer choose to get GAP insurance, it is based on the value of the new car and the expected depreciation. For the top-ranked cars in terms of the least depreciation, GAP insurance will cost the least. For the cars that depreciate the most, GAP insurance will cost the most. Kelly Blue book posts an annual list of cars that depreciate the least. Doesnt car insurance offer full coverage for a car? No it doesnt. Insurance companies are smart, they wont pay more than a vehicle is worth. Consumers do that. Car insurance will only cover the residual value of a car in the event of an accident, not the full loan amount owed on a car. Pay $20,000 for a new car and wreck it in the first year, your auto insurance will cover only the residual value of that car. If that residual value is $15,000 and you owe say $18,000 you are on the hook for the $3,000. Here are the basic things you can do to avoid this depreciation calamity and hang onto your money:
One thing that definitely has the newer cars leading over the older cars is the handling and the braking. I have driven my friend's 67 Barracuda, his father's 70 Roadrunner, 3 of my own 87 turbo Buicks, my 95 Z28, and a 2004 Nissan 350Z. One thing is clear, as time progressed the handling and braking got better. Although the turbo Buick's handling and braking were not very good at all. The 1970 Roadrunner had no power steering or power brakes and it had a 383 for an engine. So, it had plenty of get up and go but I found myself praying it found its way to my destination because I was not confident I could navigate it.
Small cars come in all shapes but limited sizes - how much variation can you get on a theme you might ask so here is our guide to the best that 2008 has to offer.
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