November 14th, 2008 
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The Indian car market is crowded with a number of new and used cars. With such a wide option of car models in the country, it often becomes a challenging task to decide which car to buy. Even after the decision is fixed on a particular car model, car consumers keep pondering over which is better, new or used.
However, everyone would love to own a new car because of the brilliant appeal, newly adorned interiors, new engine and a new feel of driving. All these look good and appealing unless the thought of finance, insurance, and depreciation enters the mind.
Car finance, Car insurance, and depreciation are key factors that influence the decision of a car buyer. It is because of these that some car buyers prefer used cars over new cars.
Below is the detailed explanation of the key factors:
Car Insurance: When it comes to buying a new car, insurance is comparatively more as compared to used cars. When a person buys a new car, he or she has to cover the insurance of all spare parts, car components and he also tries to cover all the amounts he owes in the payment. In case of used cars, insurance is much low because the car owner has already shell out some amount on the insurance. When it comes to car parts, new car parts require less insurance as compared to pre-owned car parts and accessories.
Car Depreciation: Depreciation is defined as a decline in the capital value of an asset. In terms of car, the value of car reduces as soon as it moves out of any car showroom. Even though it is one day old, the car would be counted under the list of second hand cars. The car owner would never get the value he paid for buying the car when he sells the car. This is known as car depreciation. Within a couple of years, the car loses much of its value. It’s similar to buying a mobile phone. Today if you buy a phone for Rs 20,000 and if you go to sell the same mobile three months later, you won’t even get half the price. The same is the case with used cars, but obviously the depreciation would be much lesser than news cars.
Car Finance: Talking about the finance, obviously used cars are cheaper than new cars and hence require less finance. Taking a loan for new cars involves greater risk compared to that taken for used cars. This is because new cars require more finance and if any single month the car owner is not able to pay the monthly installment due to certain loss, the financer takes away the car. Atleast with used cars, the EMI would be low and chances are there that the owner is able to manage the finance to pay the installment.
Watch the video related to used car
A quick solo lap in used 2008 Spyder e-gear with a “TUBI style” exhaust system – Sweet – Unfortunately an old guy in a Cadillac pulls right into my lane ( with no turn signal ) just as the car starts to sing….Bah!
Help answer the question about used car
What is considered good mileage on a used car?I'm looking for a car and I don't know what is considered good mileage for a used car.
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If I were to be running 100% veggie in a diesel like your Mercedes, I would need to thin it out a bit for winter but not in the summer right? since the tank is already warm.
Winter use 75% diesel (or more) and the rest would be the grease and kero mix. I would do 50% WVO and 50% Kero. Unless you are preheating the fuel before starting. Only issue is hard starts once running it dont matter concentration. Spring 50% WVO, 50% Kero, no diesel. Summer 25% kero, 75% WVO, no diesel. Always use octane boost. I add a lil gasoline to all mixes (u research quantity) make sure it mixes in good. Noticed a increase in power small amount of gas. Good luck!
The U.S. car manufacturers started with large cars and large displacement engines since World War II. This was the first heyday of car ownership and most engines were large displacement 6 and 8 cylinder class. They are just continuing this into todays market. 4 cylinder cars were considered budget cars or entry level until the last few years People in the U.S. want more horsepower every year, that is why automakers have increase it along with the help of more modern and larger engines. The modern V6 is the most popular engine format in usually 2.5 to 3.7L size for U.S. cars.
The most popular Truck in the U.S. is a Ford F150 Pickup truck with a V6 or V8 gas or diesel engine. The most popular car is a Toyota Camry with a 2.4 I4 or 3.5 V6.
Also gasoline is very cheap compared to the rest of the world.
Our transportation system is also primarily based on roads and freeways, not public transportation like rail, buses and subways.
Because they can afford the luxury of buying an expensive cars.
Hey I use veg oil in my 1995 Dodge. I have a friend who runs a trucking company and has offered his wast motor oil. I have however been reluctant to use it. Can you run 100% motor oil using the same system?
I like the looks of the Explorer better and you're right, it's a hot seller. But honestly, I've never know someone with an Explorer who didn't have major problems with it. And I live in Michigan so there's millions of those things on the road. If you're buying not only for looks and power but also for ease of ownership I'd recommend the Caddy. Plus, it's a Caddy. Something to check out: http://www.carcomplaints.com.
You also should compare car insurance quotes for cars before buying one, for example here – carinsurance.deep-ice.com
Excellent vid J! I have 2 MB diesels, an 83 Turbo Diesel and a 95 E300 Diesel. Can the 95 use this wvo set-up? thanks.
I wouldn’t use this blend on a 95. I would go ahead and build yourself a conversion kit for it. I’m not going to use this blend for my 83 for much longer either. It’s temporary in my eyes (year or two) until you can afford the conversion.
take the free one. save your money for a nicer car in case the accord dies.
i have looking to do this for my 85 MB turbo diesel
this is great
Good question. But I don’t know that answer for sure. I heard a story about a local guy running 100% motor oil in his big fancy tow truck. I don’t know if it is true or not. But I have seen several forums where guys have run 50% for years with no issues, in a Dodge also. Let me know how it goes.
C220, man, keep it up!
1) The Prius is the cream of the hybrid crop right now. A new base model Prius (no fancy gadgets like rearview camera) costs about $22k. They hold their value really well because they're in high demand, so a used Prius won't cost much less.
The next best hybrid at the moment is the Honda Civic hybrid. However, Honda is also coming out with a new version of the Insight hybrid. It looks almost identical to the Prius, but doesn't get quite as good mileage, but it will cost less at around $18-19k.
Basically what's happening is that Toyota is improving the Prius (the 2009 model should get over 50 mpg) while Honda is going for lower price with the Insight hybrid.
2) Absolutely no reason not to buy a used hybrid, as long as you can find one significantly cheaper than a new hybrid. Some people claim that the batteries will die after a few years, but that's bull. Hybrid batteries are designed to last the lifetime of the car, and Priuses used as taxis have over 250,000 miles on the original batteries.
3) Honda makes the Civic hybrid and soon the new Insight.
Toyota makes the Prius, Camry, and Highlander hybrids.
Ford makes the Explorer hybrid.
Nissan makes the Altima hybrid.
Saturn makes the Vue and Aura hybrids.
Chevy makes the Tahoe hybrid.
There are some others I'm forgetting, but the Prius and Civic (and Insight) are the best.
4) At the moment American hybrids are definitely behind Japanese hybrids. There aren't any really fuel efficient American ones – they generally focus on making large hybrids like the Ford Escape (32 mpg) and Chevy Tahoe (20 mpg) hybrids. They're bigger cars, but efficiency is nowhere near the Prius (50 mpg).
However, GM is working on the Chevy Volt, which will be the first plug-in hybrid from any major automaker. It's scheduled to come out in late 2010. Problem is that it will cost probably $35-40k, and it will probably be hard to get one (high demand). But it will probably be better than most foreign cars. A few companies are working on fully electric cars too, like the Mitsubishi i-MiEV. That might be available here in 1-2 years.
Another option to consider would be a fully electric car by a smaller (American) company. For example, the Green Vehicles Triac ($20k), or the Aptera typ-1e ($27k). In 1-2 years there should be many options in terms of EVs as long as you don't mind having a limited range around 100 miles per charge. It's possible that some EVs will even have longer range, like the CityZENN is hoping for 250 miles per charge in about a year, if the technology pans out.
See the links below for more details and pictures.
i hope that you don’t put used motor oil in your tank dude,’cause of the pollution it would do
Let's figure this out by using an example. We'll say that on the first day recorded there were 10 cars on the road, so p = 10.
Now we'll have 2 different situations, where a is between zero and one, and where a is larger than 1. The variable a is going to be the amount of growth. So let's say first that a = 0.5. This means that the amount of cars on the road is going to be 50% of what is was to begin with. So let's plug in those numbers for 1, 2, and 3 months later (so t = 1, t = 2, and t = 3).
t = 1:
C = 10*(0.5^1)
C = 10*0.5
C = 5 cars on 1st Ave after 1 month.
t = 2:
C = 10*(0.5^2)
C = 10*0.25
C = 2.5 cars on 1st Ave after 2 months.
t = 3:
C = 10*(0.5^3)
C = 10*0.125
C = 1.25 cars on 1st Ave after 3 months.
So, if you have a value of a between 0 and 1 then the amount of cars on 1st Avenue is decreasing as months pass.
Let's look at for a value of a greater than 1. Let's assign a to 2, meaning that the number of cars is changing by 200%. So a = 2, let's look at that for t = 1, t = 2, and t = 3.
t = 1:
C = 10*(2^1)
C = 10*2
C = 20 cars on 1st Ave after 1 month.
t = 2:
C = 10*(2^2)
C = 10*4
C = 40 cars on 1st Ave after 2 months.
t = 3:
C = 10*(2^3)
C = 10*8
C = 80 cars on 1st Ave. after 3 months.
So if your value of a is between 0 and 1, then the number of cars decreases, and if it greater than 1 the number increases.
I would think that if I was commuting to work I would prefer that the number for a be between 0 and 1, since then there would be less cars and consequently less traffic.
I haven no sources to cite using APA style.
ok if i got mad at my husband for not getting up and putting gas in my car he would laugh adn walk away… most of the time it is me who has to put the gas in the car lol its always magically on empty when i get it – honestly i dont care lol.. its just gas…
I dont see why she is being so stupid about the car thing, if you want to get a slightly used car that fits better in your budget then do that – dont let her talk you into getting a brand new car and having a bigger payment… she does not seem very mature since she has daddy around and everything. I am only in the beginning of my 20's and me and my husband went to buy a car both our names are on it – but honestly i didnt even really care whos name was on it first. i understand your situtation though since yall arent married. My advice is – get one that you like in your budget….. and put it in your name because she dont seem like she is that into getting a family together…. good luck
You must be very naive to think that public transportation works for most everyone. The closes highway to my house is a mile. The closest town five miles and that town doesn't have a bus stop. It is fine if you live in a larger city that has bus service, subways, etc. If you want to take your chances with getting knifed, etc. go for it. Those of us who live in the less urban areas will stick with our private vehicles and take our chances.