Posts Tagged ‘auto loans’

Ewanick Of GM Says Market The Make, Not Necessarily Exceptional Bargains

Thursday, September 30th, 2010

It is not going to be easy for automakers to recover. That’s what GM Vice President of Marketing Ewanick just lately told Automotive News in an interview. Bargains for General Motors product seem to be there simply to move product faster since GM has had a huge turnover with bankruptcy. Focusing customers on quality is what Ewanick desires to do. This can hopefully move more products without making new deals. Article resource – Joel Ewanick of GM says sell the brand, not special deals by Car Deal Expert.

Make sure you know your brands

Focus on design and quality is slowly beginning to re-emerge out of the dust of the auto bailout, says Ewanick. Cadillac’s are cars that customers have enjoyed because of their unique sense of style. Automotive brands that have been merely trying to sale need to start working on type recognition instead. Brands really need to try and become public and significant again. Ewanick feels like “people purchase brands, not products”. Chevrolet has the idea with marketing under Americana always, says Ewanick. He thinks that a company needs to have a soul that drives sells.

Not the death of factory incentives

Ewanick thinks factory incentives will continue to appear. Really he expects them to be unimportant compared to brand story. Discounts simply garnish the sales although sales really depend on style, quality, efficiency, dependability and anything else that is a reminder of an automotive brand. Automakers are going to have to reach out to customers again with model strength. Stories are what automotive marketing used to get to customers before. Chevrolet’s Corvette SS and Stingray could be targeted to a new audience. Younger generations of auto buyers can be targeted. Past mystique shouldn’t be buried, as it’s not dead.

Customers still respond to understanding, so don’t use discounts

Everyone enjoys a good sale, but regularly rolling out the shiny banner doesn’t build strong relationships with customers. The auto bailout – where those teetering companies that were “too big to fail” fed upon taxpayer dollars for sustenance – damaged the reputations of automakers nationwide. Fleeting customers will purchase when the price is too low to ignore, however this process fails to capture the lifetime buyers upon which America’s automotive industry used to depend. The focus of each and every automaker should be simple. Focus on what Americans want in their vehicles.

More on this topic

Auto News

autonews.com/apps/pbcs.dll/article?AID=/20100906/RETAIL03/309069996/1018

Linkedin

linkedin.com/pub/joel-ewanick/5/42b/30a

Even dealers suffer from a mysterious lack of marketing

youtube.com/watch?v=EALK_LZ_Zgo

How To Reprogram Your Engine Computer

Saturday, September 11th, 2010

A good way to keep your car’s engine control modules (ECMs) up to date would be erasing and reprogramming, otherwise known as flashing, your engine’s computer. Cars newer than 1996 should have this done in order to make certain that microprocessors like the power train and fuel injectors work the right way. When programming is up to date with anything, your engine works much better. It’s a bountiful cash crop for repair shops, who tend to charge between $ 80 and $ 120 for the service, as outlined by Under hood Service. However, you can flash your car engine yourself – with the right tools.

How reprogramming an engine computer works

Under the steering wheel within the car is a diagnostic port in a car which needs a scanner attached to it when reprogramming an engine computer. The auto manufacturer has put new programming into this scanner which erases the old and replaces with the new. It used to be that it was necessary to remove parts in order to complete the reprogramming process, but now all that’s necessary is a computer with an Internet connection, a USB cable and a scanning device that can connect with a car’s diagnostic port. The ECM is flashed with the new software direct from the manufacturer’s site.

When to flash an ECM?

It might be a good idea to listen to auto shops who suggest flashing the engine every few years. Unless a recall is issued by a manufacturer on your car, this really only needs to be done when you’ve noticed something wrong with your automobile. It surely is not something a car owner should pay for as part of routine car maintenance.

Using a DAY flasher to do the work

It is simple to do usually. Consult with your automobile manufacturer’s site for software updates. Download the update into a flash programming device. Additional software for proper engine tuning may be necessary. Consult sources like DIYEFI.org for more specific details. You should also consult with your state’s motor automobile authority, as more radical aspects of engine programming may not be street legal, which is the case in tough emissions states like California.

Get auto car loans to help purchase your new car with new ECM programming already

Find more info on this subject

Underhood Services

underhoodservice.com/Article/39556/flash_reprogramming_vehicle_computers.aspx

Scotty Kilmer on reprogramming your car’s computer

youtube.com/watch?v=Mc0aMxSdat4

DIYEFI

diyefi.org/index.htm

Scottish Scientists Convert Whiskey Waste Into Biofuel

Thursday, September 2nd, 2010

Scotch whisky by-product can be turned into butanol biofuel if you take it to Scotland where scientists at Edinburgh Napier University’s Biofuel Research Center have learned the trick, says Cnet.com. These by-products – waste grains from the distillery process – can provide 30 percent more energy than traditional biofuels like ethanol when formulated into butanol, writes MIT Technology Review. Miles per gallon are likely to go up from this. Sky News explains that Butanol is 25 percent better in efficiency than ethanol is.

Whiskey-based biofuel unburdened by ethanol’s limitations

Ethanol must be blended with traditional gasoline (and only in limited amounts), while butanol suffers from no such limitation. This is because butanol is already a key part of gasoline. Furthermore, as Technology Review reports, butanol is easier to transport through pipelines than ethanol, as it does not absorb water in the very same manner as ethanol.

Loving corn

Tax credits, favorable tariffs and government subsidies are all available to U.S. corn growers. This is because of the Renewable Fuel Standard. The Bastiat Institute indicates that the ethanol industry also has the ear of Congress, as its Fueling Freedom Plan calls for higher ethanol mix caps and more expensive engines to accommodate the new mix. This is bad news. Taxpayers could have more things to pay. The government needs to get the ethanol lobby of their backs, says Bastiat. The taxpayers already pay way too much for research on ethanol fuel right now. Fuel efficiency would obviously do better with a bit of whiskey-based butanol. Octane would do better if there was less than 10 percent of ethanol though. Research into cheaper methods of producing butanol would more worthy of taxpayer dollars.

You can conserve thousands with autoloans

Additional reading

Bastiat Institute

bastiatinstitute.org/2010/08/19/the-ethanol-industry-and-competition/

CNET

news.cnet.com/8301-11128_3-20013827-54.html

Grow the Energy

growthenergy.org/ethanol-issues-policy/fueling-freedom-plan/?/fuelingfreedom

MIT Technology Review

technologyreview.com/business/25956/

Video news coverage of Scottish butanol production

youtube.com/watch?v=PV3evuZiJ4w

Ford Executive Chairman Bill Ford Draws Paycheck Again

Thursday, September 2nd, 2010

The large automakers were helped by the auto bailout, but things are nevertheless tough monetarily. Ford Motor Company chair Bill Ford’s self-imposed pay freeze from back in 2005 helped Ford perform well. He said he’d take no salary starting in 2005, and this would continue until Ford Motors started to turn a more consistent profit. According to Automotive News, the pay freeze has now been lifted. Bill Ford will receive back salary dating to 2008.

Ford will pay Mr. Ford $ 4.2 million in frozen salary

The Ford Motor Company board of directors voted to start giving Bill Ford deferred salary following the business enjoyed a $ 4.8 billion automotive profit within the past year. Bill Ford will begin receiving $ 4.2 million in deferred salary from 2008 onward. Mr. Ford may also receive stock opportunities and restricted Ford stock.

Bill Ford was Ford’s CEO from 2001 to 2006

By 2006, Alan Mulally was ready to take over while Bill Ford moved to the board room. Both Ford and Mulally have agreed to 30 percent personal salary cuts for 2009 and 2010 as a part of the automaker’s economic recovery. Bill Ford even sold off personal stock in the amount of $ 1 million to start an employee scholarship fund.

In addition to those actions, Bill Ford exchanged $ 28 million in stock and possibilities bought before he froze his salary. Despite that large sale, the Ford family still maintains its 40 percent voting interest in Ford Motors. In total, Bill Ford holds approximately 6.5 million common and Class B shares in the Ford Motor Company.

Additional reading

Automotive News

autonews.com/apps/pbcs.dll/article?AID=/20100806/OEM02/100809870/1254

What Those Codes Mean – Deciphering Sidewall Graffiti

Saturday, June 12th, 2010

Are secrets to life held in sidewall graffiti on tires? Author Douglas Adams might be intrigued at the notion, but the truth is that tire codes tell consumers about the tire’s size, wear, construction and speed rating, among other things. Using the right size tires for your vehicle is an important part of getting the most from your vehicle and increasing mpg. Thanks to all of our friends at Edmunds, here’s the official cheat sheet for breaking down the mystery of the tire codes on your daily commuter or weekend joy-rider. You will know what the sidewall graffiti means and only need to go to a Car Deal Expert when you need an auto loan.

Source for this article: Deciphering sidewall graffiti – What those tire codes mean?

If your tires could talk – sidewall graffiti

Let’s use 205/55R 16 89V as our example. Let’s see how it breaks down:

  • First there’s 205 – Which measures the millimeter distance between sidewall edges, this is the tire’s section width. The bigger the number, the fatter the tire.
  • Second there’s 55 – The aspect ratio that compares section height to width. The section height in this case is 55 percent of the section width. Lower numbers (under 55, for instance) mean a shorter sidewall, which grants improved handling.
  • Third there’s R – This is the tire’s construction, in this case radial. Radial has been the standard for the past 20 years, but certain trucks still use the old bias-play construction.
  • Fourth there’s 16 ­– This is the rim diameter in inches. If you want to upgrade your wheels, you’ll need a set of tires to match the new wheel size.
  • 89 – The load index, which represents the Maximum Load-Carrying Capacity Per Tire chart. 89 equates to 1,279 pounds per tire. Get the total weight capacity of a set of tires by multiplying the weight by four.
  • Sixth V – This represents the speed rating, which tells you maximum speed a tire can go over an extended period of time. A car can safely go 149 mph for a period of time with “V”. Go over that for too long (say for several minutes) and your tires may explode. For other speed codes, see the link at the bottom of the article.

In sidewall graffiti, other things to consider

Other information according to Edwards that might be important in the case of a recall are DOT numbers (Department of Transportation). A being the best, a traction rating of A, B, or C might available as well. The numbers 120 or 180 along with the word “TREADWEAR” might be visible. The industry standard is 100, so a tire with a 180 is designed to maintain acceptable tread for traction 80 percent longer than the industry standard. The higher the number, the longer the tread life, although sometimes other scales are used.

Find more information on this topic

Douglas Adams

http://en.wikipedia.org/wiki/Douglas_Adams

Edmunds

http://www.edmunds.com/ownership/howto/articles/43859/article.html

radial

http://en.wikipedia.org/wiki/Radial_tire

Maximum Load-Carrying Capacity Per Tire

http://www.kaltire.com/retail/about_your_tires/loadchart.php

speed codes, see the link at the bottom of the article

http://www.tirerack.com/tires/tiretech/techpage.jsp?techid=35

Determining Whether Your Car Is Antique Or Classic

Thursday, June 10th, 2010

Nothing really beats a perfectly restored antique or classic car. Elegant line, solid construction, dazzling chrome and even genteel carriage evoke pleasant memories of the past, transporting us into personal fantasy where “They don’t make them like they used to” never rings false. But how are you supposed to know if your hobby cars are classical or antique? There are some guidelines, thankfully. Just remember, whether a car is classic or antique, it should generally not be used as a daily commuter, unless you have unlimited funds at your disposal and don’t need auto loans to purchase vehicles.

Source for this article: How to determine if you have a classic or antique car

Arent classic and antique the same thing?

It isn’t necessarily true that classic and antique are the same as some would argue. According to Wikipedia, “classic car” is used to refer to high quality vehicles from pre world war II era. However, 20 years of life for a car is approximately double the expectancy intended for most modern cars according to U.S. auto insurance laws, so the “classic car” title sets in after a car is 20 years old. And classic or antique car insurance tends to be almost always more expensive than insurance for any standard vehicle because older models don’t have the same safety features that come standard in newer cars. In the United Kingdom, the term “antique car” isn’t used at all, even though they do use the phrase “vintage” to refer to vehicles more than 100 years old.

The Classic Car Club of America contact

The Classic Car Club of America (aka the CCCA) is full of people who live and breathe classic and antique cars. They have their own standards of what is considered antique or classic. More expensive mass market cars made between 1946 and 1985 fit under their definition of “classic,” but certain larger sports and racing vehicles do not qualify. Original parts need to be included in these cars and it doesn’t necessarily have to be American-made. The Antique Automobile Club of America classifies any car older than 25 years antique, but “the legal definition for the purpose of antique vehicle registration varies widely,” according to Wikipedia.

Things are different in the UK

The car insurance companies that are in the UK help to determine what is a classic car. Cars made 15 to 25 years ago are modern classic cars, but to confuse things a bit, UK insurance companies aren’t sticklers about this. Cars that don’t fall within the guidelines can still be considered collectible.

A final word on classic car insurance

When looking at money, insuring an antique or classic car is essential, considering the amount of money put into maintaining and restoring it. You should discuss the matter with a licensed insurance agent if you want to fully protect your classic or antique car investment.

Additional information at these websites:

Wikipedia (classic car)

http://en.wikipedia.org/wiki/Classic_car

Wikipedia (antique car)

http://en.wikipedia.org/wiki/Antique_car

HowToDoThings.com

http://www.howtodothings.com/automotive/how-to-determine-if-your-car-is-a-classic

Classic Car Club of America

http://www.classiccarclub.org/

Dealer Service Departments Are Fighting For Business

Wednesday, June 9th, 2010

The recession forced many consumers to have to hold onto their cars for longer than they’d planned, which is both a blessing and a curse for dealer service departments, says Wards Auto. Car sales and warranty jobs are down (as well as the market for auto loans), which has prompted dealer service departments to intensify their efforts to market their services to the public. Increases in ad spending – by 30 percent for some dealers, according to Wards– carry the hope that the market will begin to show more positive returns.

Short term gains by dealer service departments

Consumers that end up keeping their cars for a longer period of time will inevitably run into more situations where auto repair and more extensive vehicle maintenance are necessary. To put it simply, “If people keep their cars longer, there is business to be had,” says DriverSide CEO Jad Dunning. AutoMD explains that is likely nearly half of drivers in a recent poll have driven their current cars more than 100,000 miles. The short-term added repair costs that tends to go hand-in-hand with such increased mileage is estimated to be about $ 2,500 per car owner, said AutoMD President Shane Evangelist.

Dealer service departments are predicted to lose out in the long term

J.D. Power and Associates estimate that dealer service departments could lose as much as 20 percent of their expected business between now and 2013, Wards reports. This is another area where dealers are trying to improve, keeping customers rather than losing them to non-dealer shops. Better customer service is the main tool dealerships will attempt to use to stop the bleeding. Contacting customers more often and expanding service to seven days a week are other ideas. Pre-paid maintenance plans and upselling extended warranties might also be necessary.

Focus on maintenance, rather than warranty work

Since there aren’t as many new car sales today, it pays to shift from business models that depend on warranty work. Old cars that aren’t covered by warranty anymore will need repair and service frequently changing the business model for service departments. Expanding dealer service departments’ inventory to have more accessories is a goal dealers like Sid DeBoer of Medford, Oregon’s, Lithia Motors have in mind. He told Wards he is “frustrated we don’t do better in accessories.” The same chain has a Sacramento, Calif., store that leads the way with accessory sales, so DeBoer hopes his dealership can follow suit.

Resources for the article

Wards Auto

http://wardsauto.com/home/auto_dealers_serious_100513/

Marvel And Audi Introduce The Tony Stark Innovation Challenge

Sunday, June 6th, 2010

If you’re a forward-thinking person that also has a creative knack for developing plans to improve our overall quality of life, Audi invites you to put your ideas to the test in the Tony Stark Innovation Challenge. The most tech-savvy individual who isn’t afraid to use social media to promote the greatness of their concept (and who happens to be a fan of “Iron Man 2″ starring Robert Downey, Jr. as Tony Stark) can make a real difference in the world and win Tony Stark-caliber prizes including a racetrack experience with the Audi R8 Spyder (no auto loans required).

Tony stark Innovation Challenge needs a video

This is how the Tony Stark Innovation Challenge works. You will need to record your ground-breaking idea in a video no longer than two minutes in duration, a video that “showcases ideas for better living through the use of technology,” says Audi. There will be judges to rate the idea but a large part of the success is how well the idea is promoted on social media such as Twitter, Facebook, and blogs. The more votes that are in your favor, the greater the chances are of you winning.

Make sure to innovate like Tony Stark

Fans will notice of course that the Audi R8 Spyder and A8 are heavily featured in “Iron Man 2”. Such product placement is nothing new, but their connection to a contest that could have a positive worldwide impact makes the Tony Stark Innovation Challenge more than your average viral marketing campaign. If your video does the following:

  • Shows how your idea will make the world better by solving or improving upon the solution for a real problem
  • The “better living through technology” theme is followed
  • Has the possibility to have a worldwide impact
  • Showcases “innovation, adventures and intelligence worthy of Audi and Tony Stark”
  • Appeals to people

Then it would definitely be worth submitting in the Tony Stark Innovation Challenge.

What are the prizes for the Tony Stark innovation challenge?

  • $15,000 to put your idea in motion
  • An extensive write-up on Audiusa.com
  • A four day trip for two people to California with air transport, hotel, and meals
  • Transportation in a 2011 Audi A8
  • Top notch grooming, Luxury spa treatment, and tailored cocktail attire
  • A tour of the Audi Design Center in Santa Monica, Calif.
  • (Seen in Iron Man 2), a VIP day with ICON Aircraft where you’re in on testing of the ICON A5 aircraft
  • Drive the Audi R8 Spyder on the Audi Sports Car Experience racetrack

So then, what is there to wait for?

The Tony Stark Innovation Challenge with many caviar dreams beckon!

Resources for the article

Tony Stark Innovation Challenge

http://microsites.audiusa.com/ironman2/?section=contest

Finance Your Atlanta Honda Civic Purchase

Friday, May 28th, 2010

As the Honda Civic is one of the top selling cars in the US, when looking for one in Atlanta, you should keep a few things in mind. A used Atlanta Honda Civic can be a great deal, while a new Atlanta Honda Civic has the style and everyday drive ability the brand is known for. Make sure you research what type of Atlanta Honda Civic you want, make a smart purchase, and line up auto loans.

Know Atlanta Honda Civic facts

The Honda Civic has been sold since 1973 in Atlanta and the rest of the US got it soon after. There is a ninth generation planned for the Honda Civic vehicles. In 2006, Honda Civic vehicles were sold in Europe. You will probably find all types of Honda Civic cars when looking in Atlanta. Once you find the Atlanta Honda Civic that you are interested in buying, you should get a Carfax or Autocheck report on it so you know exactly what kind of shape the car is in.

Get your Atlanta Honda Civic financing

Getting pre-approved for your financing for the Honda Civic would be smart. You can negotiate more easily with the car seller with pre-qualified financing. You also will avoid the higher rates they have at car lots. It is easy to get pre-qualified for your Atlanta Honda Civic. It is just one form, and takes less than an hour. Once you are qualified for an auto loan, you can take that information to the seller and know that a Honda Civic in Atlanta will be all yours.

After getting your Atlanta Honda Civic

Make sure you get your Atlanta Honda Civic licensed and insured as soon as you get it. You should include the costs of this initial setup in your auto financing loan. If you get a used Honda Civic, take it to a mechanic you trust to make sure that it is in the shape the dealer promised. Make your monthly payments on your auto loan and your Atlanta Honda Civic should last year’s. You made it; congratulations!

What Is The Difference Between Cars 4WD And AWD?

Friday, May 28th, 2010

Whether you’re in the market for a SUV, pickup, or car, you’ve probably come across this question at one point or another: What’s the difference between 4WD and AWD? Both distribute power to all four wheels of a standard vehicle, as opposed to the standard front- or rear-wheel drive of 2WD vehicles. The power of the added system could be beneficial if you live in a place where you are driving in mud and snow. Many consumers, however, don’t know what the difference between the two is.

Even though they cost more, 4WD and AWD could save you

While a vehicle with either of the two systems is more expensive than a two-wheel drive vehicle, you’re less likely to find yourself stranded on the road during less-than-optimal driving conditions, whether caused by weather or environment. Get more auto loans for a safer 4-wheel drive care or get something less: the choice is the buyer’s. You can get help choosing between 4WD and AWD by the summary from How Stuff Works below.

4WD only part time – throw the switch when it’s needed

In attempting to answer what’s the difference between 4WD and AWD, start with part-time 4WD. This is the basic way 4WD is offered; there is a switch that switched between 2WD and 4WD. Excessive mechanical wear can be avoided as long as 4WD is avoided on pavement. Some vehicles in this class have a basic 2WD/4WD toggle, and some have added options like 4WD High and 4WD Low (the latter and should only be used in extreme off-road scenarios). Newer part-time 4WD vehicles allow the driver to make a shift from 2WD to 4WD High while the car is moving but must be stopped before moving from 2WD to 4WD Low. Older part-time 4WD vehicles must be stopped before any such shift can occur. If you will only be using 4WD occasionally, then part time 4WD is the best choice for you. Frequent changes in the driving conditions that would mean a constant switch between 2WD and 4WD are both inconvenient for the driver and add a lot of wear and tear on the drive train.

When you want to keep it running – full time 4WD

This is a more advanced form of 4WD that can be left on without placing undue strain on the drive train. High and Low settings are available, as well as an automatic 4WD. With most vehicles, shifting from high to low while in 4WD will mean the vehicle needs to be completely stopped. Drivers who tend to drive under adverse situations more often can avoid the tedious 2WD/4WD switching and go with this full-time 4WD option.

No switch with AWD-4WD

All-wheel drive sends power to all wheels of the vehicle in a similar fashion to four-wheel drive vehicles, but a 2WD switch is typically not present. AWD locks the vehicles axles and automatically feeds power to all wheels on slippery roads. Most AWD vehicles are great for slippery roadway conditions, but are not intended for rugged off-road excursions. Certain AWD vehicles such as the Dodge Durango and Toyota 4Runner will offer a low-gear AWD setting that allows for tougher roads. AWD usually doesn’t add much weight to the car and is good for any weather condition.

Which is safer – 4WD or AWD?

Both are supposed better than 2WD but How Stuff Works says: that doesn’t mean 4WD and AWD are automatically safer. Drivers should keep in mind that while 4WD and AWD help acceleration, they do not help with cornering and braking. On wet, snowy roads, it matters little whether you have a 4WD, AWD or 2WD vehicle when it comes to maneuvering and stopping. Having good brakes, having a fine suspension, and using the right set of ties will be more important.

Article Sources

How Stuff Works

http://consumerguideauto.howstuffworks.com/your-ride-4wd-vs-awd-cga.htm