Lease Terms In Simple Language

Anyone who has ever rented an automobile will tell you that car dealers oftentimes seem to speak another language.  It’s hard to negotiate a good deal when you simply don’t understand the expressions.

The following glossary will help you to break the language barrier, and speak with leasing agents on their own  jargons:

Acquisition Fee

This cost is charged by the leasing company to start the leasing process.  Not all leasing companies will charge an acquisition fee, but those that do will  demand for no less than $300.  Acquisition fees are rarely negotiable. Read more . . .

Choosing Automobile Insurance

Like the automotive industry, the automotive insurance industry is enormous.  Both have sellers and manufacturers that offer quality service and products, and unfortunately, both have lemons.  The trick is finding a respected insurer that provides benefits you really need and want.

Many automotive insurance companies offer policies that are helpful and beneficial for every car owner.  Usually, drivers in the United States choose standard insurance policy that can cover necessary services and repairs a car owner may encounter.  Some companies propose up to 75 percent savings on insurance premiums, but may have limited coverage policies on their documentation.   Read the tiny print before you sign! Read more . . .

Lamborghini Miura

Like Henry Ford, Ferruccio Lamborghini was an expert mechanic. Lamborghini MiuraAnd like Henry Ford, Lamborghini left a career of prominence to take a chance on an entirely new venture when he was well past 40 years old. In the end, like Henry Ford, Lamborghini was far more interested in producing cars for the street than for the race track.

However, at that point, the parallels between the two automotive legends begin to fold, because the cars Lamborghini brought to market under the sign of the bull were about as distinct from a Model T Ford as an F-16 is from a Piper Cub. Sure, they both fly but… Read more . . .

Lease Residual Value Explained

Leasing a car can be a great way to enjoy all of the new car benefits without having to deal with the high payments associated with new car ownership.  At the end of the lease, you’ll have the option to buy the vehicle to own it outright.  The amount owing will be determined by a number of factors, including the residual value.

Before you meet with a car dealer, it is vital that you arm yourself with a good knowledge of the basic details of leasing.  Understanding the industry and business terms will put you in a better position for strong negotiations.  One of the expressions you’ll hear quite frequently while discussing a car lease is “residual value”.

Residual value involves more than your monthly payments, and the buyout amount at the end of your lease.  Leasing companies also use the vehicle’s residual value to establish any penalties owing should you break your lease early.  It is an important word and you need to know precisely what it means, and how to estimate it. Read more . . .

Cadillac V-16

The story of the Cadillac V-16 is the saga of not one but two colossal engines. Cadillac V-16The irony of the story is that these two luxury car powerplants, among the most remarkable the world has ever produced, were spawned during the world’s most far-reaching and destructive economic collapse.

Of course, during the heady days of the Twenties, when speculators in the stock market gave no thought to “how high is up,” the concept of a 16-cylinder engine for the ultimate in luxury machines seemed quite rational. The millionaires of the bathtub gin decade seemed more than willing to exhibit their wealth, and there were lots of car companies, in the United States and abroad, that were perfectly willing to help them in the endeavor.

So it seemed just another step in the advancement of the luxury car to assemble a 16-cylinder engine. After all, if eight cylinders were good, then 16 cylinders must be twice as good. It was as effortless as adding eight plus eight.

Mammoth multi-cylinder engines were nothing new in the aircraft business. Spurred on by the momentum of the Great War, Ettore Bugatti designed a 16-cylinder engine for aircraft use in 1917.   Before the war’s end, Read more . . .