Posts

How to Buy a Really, Really Cheap Car

Everybody knows that  millennials aren’t getting driver’s licenses ; what’s lesser known is that they’re clueless about entry-level cars. It’s possible to buy a running car for very little money—I know, because I was the proud owner of a series of $50 cars when I was 16 and 17. I can still remember them all: a Nova with four flat tires and badly oxidized paint; a Dodge Dart with trunkloads of hay and a broken rear window; a Volvo with rust in the rear quarters. None was a beauty, but they all ran reliably and served their purpose. Thanks to inflation, it probably isn’t possible to buy a good $50 car now, but for, let’s say, $1,000 you should be able to get a safe and reliable ride. Here are a few thoughts from a lifetime of buying used cars. Shop the Ads.  Not that there’s anything wrong with used car lots, but you'll have to look carefully to find one that deals in what used to be thought of as the affordable “back row” cars. Not everybody does, but I actually like dealing wi

The Truth About Car Payments

I’ll always have a car payment. You’ve probably heard that comment before, right? You might have even said it yourself—with a defeated, woe-is-me tone of voice. So what’s the deal?  Are car payments really just a way of life? Well, that’s the normal way of thinking. But, as Dave always says: When it comes to money, normal is broke. You want to be weird, and weird people don’t have car payments. So how, exactly, do you live without a car payment? Here’s the deal. Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them. The car dealer won’t tell you that  your awesome new car loses about 25% of its value the instant you drive it off the lot . After four years, your car has lost about 70% of its value! What does that mean? After six years, you’ve p

Legendary Jaguar Which Won Le Mans Could Sell For Record £20m

Image
The legendary Jaguar D-Type is expected to sell to a wealthy car collector for a startling £20 million this Friday. In 1955, the supercar took the chequered flag in the gruelling 24 hour race to win the Le Mans title.  With British racing drivers Ninian Sanderson and Ron Flockhart at the wheel, the stunningly proportioned Jag completed 300 laps at an average speed of 104mph.  Now this beast is set to enter the record books again by selling for twice as much as the previous most expensive British car ever sold at auction.  Feast your eyes on this… Le Mans-winner A wealthy car collector is expected to pay a record-breaking £20 million for the Le Mans-winning Jaguar. £20 million estimate It has been given an estimate of £20 million, smashing the current auction record for a British car, set at £9.5 million by an Aston Martin last year. Ecurie Ecosse race team The D-Type was driven by Ninian Sanderson and Ron Flockhart, who were members of the Edinburgh-based Ecurie

15 Things You Didn’t Know About Maserati!

Image
15 Things You Didn’t Know About Maserati! Get Better Acquainted with the Lovely Trident Since starting as a spark plug manufacturer, Maserati has won races, built cars for world leaders, and was once Ferrari’s greatest rival on-and-off the track. It’s also been to the brink of bankruptcy more than a few times, but now hums along nicely as part of the Fiat group. (Which, of course, also owns Ferrari) 2014 marks 100 years since Officine Alfieri Maserati SA opened it doors in Bologna, Italy. Here are 15 of the stranger, little known anecdotes that got Maserati to where it is today. 15. THERE WERE SIX MASERATI BROTHERS IN ALL Carlo, Bindo, Alfieri, Ettore, Mario and Ernesto Maserati were born to Rodolfo Maserati and Carolina Losi in Bologna, Italy. Rodolfo was a mechanically inclined railroad worker who instilled his sons with a love of speed. Though, this philosophy didn’t quite take with Mario, who became an artist. Carlo was the oldest, and somewhat of a boy-gen

20 Little Known Facts About Ford Motors

Image
20 Little Known Facts About Ford Motors Getty Images One of the longest and most enduring symbols of America has been the Ford Motor Company. However, how much does anyone truly know about such an American icon? Here are 20 of the least known facts about the institution that still remains a treasured icon today. 20. Ford Was The First Green Company Getty Images Ford factories, both in the US and England, used both animal and human manure to power the factories, burning through 2,000 pounds of the smelly waste per week. This lasted until 1939 when other less expensive fuel methods came to light. I'd hate to be near those factories when on a picnic with my girlfriend! 19. BFFs Forever Getty Images Henry Ford and Thomas Edison were such close friends that Ford took a test tube and captured Edison's final breaths while the latter was on his deathbed. Supposedly, Ford wanted to keep his late friend nearby. Ta