Car price – Lancia Data http://lanciadata.com/ Sat, 09 Oct 2021 22:37:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://lanciadata.com/wp-content/uploads/2021/07/favicon-24-150x150.png Car price – Lancia Data http://lanciadata.com/ 32 32 Here’s what the 1986 Ford Bronco costs today https://lanciadata.com/heres-what-the-1986-ford-bronco-costs-today/ https://lanciadata.com/heres-what-the-1986-ford-bronco-costs-today/#respond Sat, 09 Oct 2021 20:00:00 +0000 https://lanciadata.com/heres-what-the-1986-ford-bronco-costs-today/ The purchase of Ford Bronco was one of the brightest car choices you could have made in 1986. The SUV has a dark period in its history, but there are several other perks to this ride, including comfort and a sleek body. which can withstand almost all weather conditions. The 1986 Ford Bronco has become […]]]>

The purchase of Ford Bronco was one of the brightest car choices you could have made in 1986. The SUV has a dark period in its history, but there are several other perks to this ride, including comfort and a sleek body. which can withstand almost all weather conditions.

The 1986 Ford Bronco has become a legend among pickup trucks. With its elongated body, solid axles and stern looks, this vehicle has stood the test of time. Rising from its place of adding comfort to an established brand, it is now one of the most sought-after classics of this era.

But what does it cost now? How much could you sell it today? This article tells you everything you need to know.

RELATED: 10 Classic Fords Nobody Cared About, But Now They’re Worth a Fortune

What made the 1986 Ford Bronco different

1986 Ford Bronco

Via: Dupont Register

When Ford first started assembling this 3-door compact SUV in Louisville, KY, we all accepted that it was part of Ford Bronco’s existing lineup. The Bronco genealogy had started with the 1966 Ford Bronco, and the world had become familiar with four-wheeled wagons, but the 1986 Bronco II was no surprise. It was the mark of that decade.

The first noticeable difference was the reader’s disposition. Other Bronco IIs made around the 1983 model year had the same four-wheel drive setup as most SUVs of the time, but the 1986 model had a different design.

After years of producing Bronco IIs that could brave any terrain thanks to their four-wheel drive transmissions, Ford finally explored the idea of ​​putting customers at ease in the vehicle rather than having a truck. who could go anywhere. The 1986 Ford Bronco became the first model to win over buyers who chose their comfort over the off-road potential of their SUV.

Another fine distinction of the 1986 Ford Bronco was its engine. Its predecessors in the 1983 model year had the Cologne 2.8-liter V6 with an estimated output of 115 horsepower. Considering the time, this carbureted V-6 was the best, but it was plagued by user complaints. Ford had to introduce a less problematic option, something with better horsepower and less reason to complain.

The 1986 Ford Bronco was the flagship of the Bronco II to use the new fuel-injected 2.9-liter Cologne V6. Ford loosely designed this new engine based on the 2.8-liter V6 from previous models. Still, it had an estimated output of 140 horsepower while maintaining the same fuel economy. Ford might not have achieved a lot in the 80s, but they were on to something great in 1986.

But even this beautiful design was not perfect. Ford designed the 1986 Ford Bronco II for comfort, and that in itself was a significant flaw.

The inevitability of comfort

1986 Ford Bronco

via kloompy

When sales started pouring in for the 1986 Ford Bronco, manufacturers could almost take comfort in knowing that they had created the SUV of the century. After all, everyone was talking about their comfortable design, but it wasn’t all good words.

The Insurance Institute For Highway Safety (IIHS) has spoken about this SUV. The institute said that the 1986 Ford Bronco had the highest rate of rollover accidents; at least 70 people die each year in Ford Bronco crashes. And mainly because this jeep-like vehicle overturned.

This record is an unpleasant stain on the comfortable design of the model. Other studies have shown that the vehicle’s rear-wheel drive configuration was responsible for these frequent rollover accidents. The rear-wheel drive Bronco II has a slightly higher center of gravity than the other models. But Ford and the government agreed none of those deaths were worth recalling the cars or stopping production.

The 1986 Ford Bronco didn’t wear its comfort and fatality badges for long; new models soon replaced it. Ford officially stopped producing the Bronco II in 1999 and replaced it with the Ford Explorer less than a year later.

RELATED: 2021 Ford Bronco: Costs, Facts & Figures

How much would the 1986 Ford Bronco cost today

1986 Ford Bronco

Via: Mecum

The 1986 Ford Bronco may have been the vehicle of its time, but it still isn’t among the more expensive Ford Broncos. The Bronco brand continued into 2021, and they are improved and cost more, but the 1986 Ford Bronco has become a 35-year-old classic. It is worth more because it has maintained its value over the years.

The cost of an average 1986 Ford Bronco ranges between $ 6,500 and $ 53,500, depending on their condition and mileage. You can also find alternative ads that offer this classic for as little as $ 2,900 to $ 18,000 or more.

Those prices are in the same range as the expected price of $ 29,995 for the latest 2021 Ford Bronco, and you might have to wonder if a classic should cost more than the latest from its brand.

With the increasing improvements in Bronco models, choosing a modern Ford Bronco over conventional alternatives can be enjoyable for most people. Yet, car enthusiasts understand where the classics fit and how much their value lies not in their modern features, but in the value they have retained over the years.


Vignette VW 6,0 l W 12 MPI im Phaeton
That’s why the W12 never really took off in cars

The massive W12 engines were meant to stay with the planes, but they kind of found room for the cars, but that didn’t last long.

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What is a no claims bonus in auto insurance? https://lanciadata.com/what-is-a-no-claims-bonus-in-auto-insurance/ https://lanciadata.com/what-is-a-no-claims-bonus-in-auto-insurance/#respond Fri, 08 Oct 2021 14:26:34 +0000 https://lanciadata.com/what-is-a-no-claims-bonus-in-auto-insurance/ If you are lucky as a driver not to have an accident or a claim, it seems natural to expect an auto insurance company to reward you for your excellent record. In the UK, drivers are rewarded with what is called a no claim premium. An auto insurance bonus is simply a reduction in the […]]]>

If you are lucky as a driver not to have an accident or a claim, it seems natural to expect an auto insurance company to reward you for your excellent record. In the UK, drivers are rewarded with what is called a no claim premium. An auto insurance bonus is simply a reduction in the cost of your premiums if you have not filed a claim.

The good news for American drivers is that there are more and more American auto insurance companies offering a similar discount, albeit under a different name, and affordable insurance with no no-claims bonus is still possible. . It can be financially beneficial to explore the auto insurance companies that reward drivers with a strong driving record the most. You may find that you can save more by switching to a different car insurance company.

How does a no-claim bonus work?

In the UK, the No Claim Bonus works through a tiered system. The longer a driver has driven without a claim, the higher the bonus amount. The result is a reduction in the amount a driver pays with their premiums. Since claims cost insurance companies time and money, a no-claims bonus is a way to reward drivers who have an intact record.

This exact bonus structure does not currently exist in the United States. However, drivers are offered other ways to save money to stay claim free. If you have a good driving record, it may be worthwhile to take the time to explore the safe and claims-free driving discounts offered by various carriers in your area. Most carriers offer a discount, program or bonus to drivers who fall under a Good Driver or Safe Driver designation.

Ways to save as a good driver

The average cost of auto insurance in the United States is $ 1,674 per year for a full coverage policy. However, lower premiums and discounts offered by insurance companies for good driving can result in serious savings for drivers, which can be similar to a no-claims bonus insurance plan.

  • Clean driving: One of the factors used to determine how much you pay for auto insurance is your history and driving record.
  • Without complaint: A driver without any complaints is probably considered less risky for the carrier, so the rates are lower.
  • Benefit from discounts: Another factor influencing the amount you pay for auto insurance is the number of discounts applied to your policy. As a driver without any complaints, it is possible to benefit from more discounts from good drivers, in addition to lower rates. Plus, you can save even more by signing up for a telematics program with an operator, where your driving habits are monitored via an app or device, and then discounts are applied based on feedback.

A common discount offered by several carriers is a variant of a Good Driver discount. For example, Geico offers a good driver discount, which includes if a driver has not been in an accident for five years. If eligible, savings can be as much as 22%, with companies like Geico. Allstate offers savings if an insured is enrolled in the Safe Driving Bonus program and for every six months they remain accident free, they earn a bonus check. Drivers may also have the option of receiving $ 100 off a collision deductible for each year of accident-free driving, up to a maximum of $ 500 with some companies, which actually equates to a no-claim bonus. .

Frequently Asked Questions

Will I lose my good driver discounts if an accident is not my fault?

Yes, you will most likely lose a good driver’s discount if you have a claim on your driving record, even if the accident was not your fault. For this reason, you may see your premiums increase at renewal since you no longer have the discount applied. You are also likely to lose the Good Driver Discount if you receive other movement violations, such as a speeding ticket, reckless driving or impaired driving conviction, even if these events do not result. to an accident claim.

How do I know if I should file a complaint?

If you have minor damage to your vehicle, such as with a fender bender, you may not be sure if it is financially worth filing with your insurer. If another driver is involved, and especially if there are injuries, you will likely need to file a claim even if the damage appears minimal. If only your vehicle is involved, you must weigh the reimbursable repair costs against the increase in premiums (and the loss of a good driver’s discount) that you will face if you file the claim with your insurer. .

Is a no-claims bonus the same as an accident-free discount?

While the two concepts are similar – rewarding drivers for not having any claims on their driving record – there is a slight difference between the two. You would only be eligible for No Claims Bonus Insurance if you have no claims on your driving record, including other types of movement violations. An accident-free surrender refers to a driver who has not been charged with any at-fault accident for a defined period of time.

Which carriers offer a discount or a good driver bonus?

The claim free bonus is mainly used in the UK, but there are a large number of carriers offering good discounts for drivers to stay accident or claim free. In addition to Geico and Allstate, most other national and regional carriers offer either good discounts for drivers or discounts for driving without an accident or safely using telematics. For example, State Farm offers a good driver discount if you haven’t had a claim and had no at-fault accident for at least three years.

Which carrier has the cheapest rates for good drivers?

If you want to find the cheapest fares to be a good driver, one of the most effective methods is to do a comparison store with multiple carriers. Make sure that each quote uses the same coverage options and other criteria so that you are really comparing the exact same policies. Once you have multiple quotes, it will be easier for you to identify which carrier has the cheapest fares and highest discounts to be a good driver.


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Volvo IPO will keep it ahead of the electric car race https://lanciadata.com/volvo-ipo-will-keep-it-ahead-of-the-electric-car-race/ https://lanciadata.com/volvo-ipo-will-keep-it-ahead-of-the-electric-car-race/#respond Thu, 07 Oct 2021 13:31:58 +0000 https://lanciadata.com/volvo-ipo-will-keep-it-ahead-of-the-electric-car-race/ October 9, 2021 VOLVOS SPORT subtle reminders of their Swedish heritage, from tiny blue and yellow flags adorning some models to “Thor’s hammer” headlights that illuminate all of its vehicles. In recent years, a brand that combines Scandi-cool design with concern for safety and the environment has helped Volvo to extend its footprint beyond its […]]]>

VOLVOS SPORT subtle reminders of their Swedish heritage, from tiny blue and yellow flags adorning some models to “Thor’s hammer” headlights that illuminate all of its vehicles. In recent years, a brand that combines Scandi-cool design with concern for safety and the environment has helped Volvo to extend its footprint beyond its European heart to China and America. He hopes to continue. An initial public offering (Initial Public Offering), announced on October 4, will make it both “more Swedish and more global,” says Volvo boss Hakan Samuelsson.

On the Swedish side, registration in Stockholm will strengthen Volvo’s Nordic identity. Overall, the Initial Public Offering is a chance to leverage a more diverse investor base as it expands its global reach, while remaining small and nimble enough to navigate the rapidly evolving automotive industry. And Mr Samuelsson points out that little would change in his relationship with Geely, the Chinese company that has owned Volvo since it acquired Ford in 2010 for $ 1.8 billion. Geely intends to remain the largest shareholder and the two companies will continue to share costs and technology.

When Geely dropped a Initial Public Offering from Volvo in 2018, the apparent reason was an impending trade war between China and the West. In reality, the decision probably had more to do with whether no one else thought the company was worth $ 30 billion. This valuation now seems more reasonable. Volvo went from losses under Ford and production of 374,000 cars in the last year of US ownership to 773,000 in the 12 months leading up to June with healthy earnings. Its goal of making 1.2 million cars per year by 2025 seems achievable. It is also paving the way for its cars to be sold by subscription or directly to consumers at a fixed price, rather than through dealerships.

More importantly, Volvo is ahead of most of its competitors in satisfying the growing appetite for electric vehicles (VEs) among motorists and investors. It has pledged to go all-electric by 2030, well ahead of most of its rivals; transformed its internal combustion engine business into a stand-alone operation in order to focus on VEs; and partnered with Northvolt, a Swedish battery company, to build a gigafactory and secure supply. He also owns half Polestar, a pure-VE brand that last month announced plans to go public next year in a reverse merger with a specialist acquisition company (and hopes to get a $ 20 billion valuation). Relying on Volvo for manufacturing capability and retail and service networks puts Polestar in a better position than most of its competitors VE startups, which are missing either.

Geely will pocket a practical profit after about a decade of outright Volvo ownership. The Chinese company will retain a dominant stake, but the IPO will also allow it to focus on its reorganization from a holding company that owns various automakers into a transportation technology group that also makes the smartphones and satellites that enable the provision of transport services and ultimately autonomous vehicles. Volvo, for its part, hopes to raise nearly $ 3 billion in the Initial Public OfferingCash Mr. Samuelsson says the automaker needs it if it is to maintain its electric momentum. If so, the rivals will have to catch up even further.

For a more expert analysis of the biggest stories in economics, business and markets, sign up for Money Talks, our weekly newsletter.

This article appeared in the Business section of the print edition under the headline “Electric Blue and Yellow”


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Comparison between Kia Stinger 2022 and Audi A5 Sportback 2022 https://lanciadata.com/comparison-between-kia-stinger-2022-and-audi-a5-sportback-2022/ https://lanciadata.com/comparison-between-kia-stinger-2022-and-audi-a5-sportback-2022/#respond Thu, 07 Oct 2021 00:00:00 +0000 https://lanciadata.com/comparison-between-kia-stinger-2022-and-audi-a5-sportback-2022/ The 2022 Kia Stinger rivals established sports sedans like the 2022 Audi A5 Sportback. In this case, both have liftback body styles. Here is how they compare. 2022 Kia Stinger Kia Stinger 2022 starting price: $ 37,135 | Price yours Where View listings near you. Above average: Choice of powerful engines; Excellent value ; all-wheel […]]]>

The 2022 Kia Stinger rivals established sports sedans like the 2022 Audi A5 Sportback. In this case, both have liftback body styles. Here is how they compare.

2022 Kia Stinger

Kia Stinger 2022 starting price: $ 37,135 | Price yours Where View listings near you.

Above average: Choice of powerful engines; Excellent value ; all-wheel drive available; good GT look; exceptional powertrain warranty.

Below average: Charged models get expensive; lack of European brand stamp.

Consensus: A satisfying alternative to Old World sports sedans, the 2022 Kia Stinger gets a power boost even at the base level. The appearance of the Stinger has been refined and the new Scorpion Special Edition adds even more cosmetic flourishes.

Audi A5 Sportback 2022

Audi A5 Sportback 2022 starting price: $ 43,445 | Price yours Where View listings near you.

Above average: Sleek hatchback design; all-wheel drive is standard; High performance S5 and RS5 variants available.

Below average: The S5 Sportback and RS5 Sportback trips can be steep for some; prices tend to climb quickly as trim levels increase.

Consensus: The Audi A5 Sportback 2022 is a stylish 4-door with tailgate flexibility. The range offers a choice of two turbocharged inline 4-cylinder engines and a pair of turbo V6s, depending on the trim level.

Stinger vs A5 Sportback: the story of two ski lifts

2022 Kia Stinger

The new Kia Stinger 2022 continues to juggle its features, delivering more value for less money. Still, frugal buyers looking for a budget sports sedan should brace themselves for the sticker shock on how quickly the price climbs while climbing the Stinger trim ladder.

For 2022, this Kia benefits from a more powerful base engine and a refined exterior appearance. In addition to the excellent appearance and overall functionality of the Stinger, it also has a rear hatch opening like the Audi A5 Sportback.

Under the hood is a 2.5-liter turbocharged inline-4 that produces 300 horsepower and 311 lb-ft of torque. Performance enthusiasts can choose the 3.3-liter twin-turbo V6 powering the Stinger GT1, GT2 and Scorpion. This twin-turbo engine gets a boost from three other ponies, now delivering 368 horsepower and 376 lb-ft of torque.

All engines mate to 8-speed automatic transmissions with standard rear or all-wheel drive for an additional $ 2,200. A 2022 Kia Stinger GT2 to the max with all-wheel-drive prices just under $ 56,000.

Some of the driving aids offered by Stinger include Forward Collision Warning with Automatic Emergency Braking, Pedestrian / Cyclist Detection and Blind Spot Monitoring. Rear cross-collision avoidance, rear parking sensors and adaptive navigation-based cruise control are also included.

Audi A5 Sportback 2022

The 2022 Audi A5 Sportback, with its four-door and cargo-absorbing rear hatch, gives buyers another choice in a vehicle that can do almost anything. The Sportback is very liveable at home, in town and on the road.

The power of the Audi A5 Sportback comes with a choice of engines ranging from a 2.0-liter turbo inline-4 developing 201 horsepower and 236 lb-ft of torque, known as the 40 TFSI. A more powerful model, the 45 TFSI, uses the same base engine which now delivers 261 horsepower and 273 lb-ft of torque. Both engines use 7-speed dual-clutch transmissions.

The S5 Sportback uses a 3.0-liter turbo V6 that develops 349 horsepower and 369 lb-ft of torque, while the RS5 Sportback does its best with the 2.9-liter twin-turbo V6 engine that develops 444 horsepower and 442 lbs. -pi of torque. Both V6 engines use 8-speed automatic transmissions. All-wheel drive is standard on all models.

Whichever engine you select, the A5 and S5 Sportback models are available in Premium, Premium Plus and Prestige trim levels. The A5 Sportback features 18-inch alloy wheels, LED headlights, panoramic sunroof, heated exterior mirrors, power tailgate and heated front seats with leather seats.

Driver assistance functions include automatic high beam, lane departure warning, forward collision warning with automatic emergency braking. The infotainment system features a 10.1-inch touchscreen, Apple CarPlay / Android Auto, two USB ports and a 10-speaker audio system.

Similarities

Liftback body styles; all-wheel drive as standard or available; 5 Star NHTSA Security.

Advantages Kia Stinger 2022

More base engine power; Lower price; long warranty.

Advantages of the 2022 Audi A5 Sportback

All-wheel drive as standard; brand stamp; higher performance trim.

Which one is right for me?

The Kia Stinger 2022 offers various configurations, horsepower, trim levels and an excellent powertrain warranty that could be suitable for many types of buyers.

The Audi A5 Sportback 2022 is for those looking for premium European luxury combined with cutting-edge technology.

Ready to buy a 2022 Kia Stinger or 2022 Audi A5 Sportback? Buy now for one on sale near you.

2022 Kia Stinger GT-Line Audi A5 Sportback 2022
Popular powertrains
Motor 2.5 liter turbo I4 2.0 liter turbo I4
Power 300 hp at 5,800 rpm 201 hp at 4,475 rpm
Couple 311 lb-ft @ 1,650 rpm 236 lb-ft @ 1,450 rpm
Transmission 8 speed automatic 7-speed Quattro AWD automatic
Fuel economy 27 mpg (22 city / 32 highway) 29 mpg (26 city / 34 highway)
Also available 3.3-liter V6; AWD 2.0-liter turbo I4, 3.0-liter turbo V6, 2.9-liter turbo V6
Specifications
guarantee 5 years / 60,000 miles 4 years / 50,000 miles
Powertrain warranty 10 years / 100,000 miles 4 years / 50,000 miles
NHTSA Safety Rating 5 stars 5 stars
Maximum seating capacity 5 5
Wheelbase 114.4 inch 111.2 inch
Total length 190.2 inch 187.2 inch
Width 73.6 inch 72.6 inch
Height 55.1 inch 54.6 inch
Turning diameter 36.7 feet 38.4 feet
Headroom, forward 38.3 inch 37.7 inch
Headroom, aft 37.0 inch 37.0 inch
Legroom, front 42.6 inch 41.3 inch
Legroom, rear 36.4 inch 35.1 inch
Shoulder room, front 56.4 inch 55.7 inch
Shoulder room, rear 54.8 inch 54.5 inch
EPA passenger volume 93.8 cubic feet 91.0 cubic feet
Cargo volume 23.3 cubic feet 21.8-35 cubic feet


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Electric vehicle battery costs in 2021 – 87% lower than in 2008 https://lanciadata.com/electric-vehicle-battery-costs-in-2021-87-lower-than-in-2008/ https://lanciadata.com/electric-vehicle-battery-costs-in-2021-87-lower-than-in-2008/#respond Wed, 06 Oct 2021 14:34:19 +0000 https://lanciadata.com/electric-vehicle-battery-costs-in-2021-87-lower-than-in-2008/ The electric vehicle market has changed dramatically over the past twelve years. Most of this transformation comes down to one thing: falling battery prices. As battery prices have come down, various models of electric vehicles have achieved greater range for the same price, and many other models have entered the market with a competitive mix […]]]>

The electric vehicle market has changed dramatically over the past twelve years. Most of this transformation comes down to one thing: falling battery prices. As battery prices have come down, various models of electric vehicles have achieved greater range for the same price, and many other models have entered the market with a competitive mix of price and specification. Here’s a chart I created about a year ago on this trend:

The Nissan LEAF provides one of the simplest examples of this, as the price has been fairly stable while the range at full load has more than tripled. (Note: the base 2022 Nissan LEAF still has a range of 226 miles.)

The US Department of Energy recently highlighted this trend in its own way as well. Most useful is this spectacular graphic:

“Research conducted by the Vehicle Technologies Office of the Department of Energy (DOE) estimates that the cost of a lithium-ion battery for electric vehicles decreased by 87% between 2008 and 2021 (in constant 2021 dollars)”, writes the DOE. “The 2021 estimate is $ 157 / kWh on a usable energy basis (the equivalent of $ 143 / kWh on a nominal energy basis) for large-scale production, or 100,000 units per year. This compares to $ 1,237 / kWh based on usable energy in 2008. The lower costs are a combination of improvements in battery technology and chemistry and an increase in manufacturing volume. “

The 2021 data used here are preliminary data. The sources cited by the DOE are as follows:

  • 2018-2021: US DOE, Vehicle Technologies Office, using BatPaC from the Laboratoire national d’Argonne: tool for estimating battery manufacturing costs.
  • 2017: Steven Boyd, DOE, Vehicle Technologies Office, 2017 Annual Merit Review, Batteries and Electrification R&D Overview, June 18, 2018, PowerPoint presentation, p. 7.
  • 2016: David Howell, DOE, Vehicle Technologies Office, 2017 Annual Merit Review, Electrochemical Energy Storage R&D Overview, June 20, 2017, PowerPoint presentation, p. 6.
  • 2008–2015: National Academies of Science, Engineering, and Medicine 2017. Review of the US DRIVE Partnership Research Agenda: Fifth Report. Washington, DC: The National Academies Press, p. 173.

Of course, you can’t talk about it without talking about Tesla. We don’t know Tesla’s battery costs, but we do know that it was at the forefront of cutting battery costs for years, and probably still is. Plus, I’m old enough to remember when Elon Musk, JB Straubel and their team announced that they would build a giant “gigafactory” to build a lot more batteries (as many as those produced by all the companies in the world. last year) . Aside from the simple need for the batteries (for the Model 3, which at the time hadn’t even been revealed), Tesla’s goal was to cut costs by increasing the scale of production. At the time, it was considered a crazy idea. Tesla critics have said that will never happen. A few gigafactories later, not only did it happen, it clearly worked. You can now buy a Tesla Model 3 with a range of 262 miles for $ 41,990. The car has much better technology than a Tesla Model S 8 years ago for a much lower price. Due to the same battery price trends (and a few other factors), this is the growth in Tesla vehicle sales over the past 9 years:

There is no way this graph would look like this if battery prices had not fallen significantly during this time period.

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I need a new car. What’s the best way to pay? https://lanciadata.com/i-need-a-new-car-whats-the-best-way-to-pay/ https://lanciadata.com/i-need-a-new-car-whats-the-best-way-to-pay/#respond Wed, 06 Oct 2021 01:31:12 +0000 https://lanciadata.com/i-need-a-new-car-whats-the-best-way-to-pay/ Q. I need a new car and it will cost around $ 32,000. I have $ 25,000 in cash. Should I use the money and take out a small car loan or use the equity in my home? Or what combination? I have good credit so it shouldn’t be difficult to get a loan. – […]]]>

Q. I need a new car and it will cost around $ 32,000. I have $ 25,000 in cash. Should I use the money and take out a small car loan or use the equity in my home? Or what combination? I have good credit so it shouldn’t be difficult to get a loan.

– Borrower

A. It’s hard work to find a new car these days because a shortage of semiconductor chips is hurting supply.

But if you find the wheels you want, several factors come into play here.

Keep in mind that the specifics of your financial situation and your goals should impact your decision, but here’s what you should consider.

When deciding to use cash or take out a loan for a purchase, you need to consider the opportunity cost of your decision, said Deva Panambur, paid planner at Sarsi, LLC in western New York and professor. personal finance assistant. at Montclair State University.

You said you had $ 25,000 on hand.

Ask yourself: If you weren’t using the money to buy the car, what would you do with it? How does the cost of the loan compare to the return you would get if you had to invest the money?

Also, do your financial and cash flow situation allow you to take on more debt, and is your credit rating good enough to get a relatively inexpensive loan?

“Not all factors are objective, there are subjective issues to consider,” Panambur said. “For example, some people don’t like to take on more debt and others will want to use the money to create an emergency fund for people I don’t have.

In general, he said he doesn’t recommend taking out a home equity loan unless it’s to improve your home because you never want to be burdened with debt on your home.

There are a few other reasons for this recommendation, he said.

“The interest rate on a home equity loan will likely be higher than the interest rate on a mortgage, because a home equity loan is usually a second loan on your home,” he said. declared. “It could also be higher than the interest rate on your car loan, especially if you are buying a new car from a dealership. “

Also consider that the Tax Cuts and Jobs Act of 2017 limited the tax deductibility of interest on home equity loans only if the loan is used to “buy, build or significantly improve the home of the taxpayer who guarantees the loan, ”he said.

So, if you are using the loan proceeds to buy a car, the interest on your loan is not deductible, just as the interest on your car loan is not deductible.

While you haven’t asked this question specifically, you’ll also want to decide whether to buy a new car or a used car.

“Usually, if you plan for the long term and aren’t particularly interested in driving a new car, buying a used car is more profitable because cars depreciate quickly over the first few years. years, ”said Panambur. Therefore, a used car has more “mechanical value” than the price suggests. “

“However, due to the unusual dynamics of the auto market, for some brands of cars new cars may be more profitable than used cars,” he said. “These dynamics also impact the buy versus lease equation, so you’ll need to do your research before making your decision.”

Email your questions to Ask@NJMoneyHelp.com.

Karin Price Mueller writes on Bamboo column for NJ Advance Media and is the founder of NJMoneyHelp.com. Follow NJMoneyHelp on Twitter @NJMoneyHelp. Find NJMoneyHelp on Facebook. Sign up for NJMoneyHelp.com‘s weekly electronic newsletter.



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UK companies raise prices at record pace, car sales plummet as supply chain crisis deepens – business live | Business https://lanciadata.com/uk-companies-raise-prices-at-record-pace-car-sales-plummet-as-supply-chain-crisis-deepens-business-live-business/ https://lanciadata.com/uk-companies-raise-prices-at-record-pace-car-sales-plummet-as-supply-chain-crisis-deepens-business-live-business/#respond Tue, 05 Oct 2021 10:40:53 +0000 https://lanciadata.com/uk-companies-raise-prices-at-record-pace-car-sales-plummet-as-supply-chain-crisis-deepens-business-live-business/ Hello and welcome to our continued coverage of the global economy, financial markets, UK supply chain crisis and business. September has turned out to be a cruel month for UK car dealers, as the global semiconductor shortage hits the auto industry. New car registrations in the UK fell 35% year-on-year in September to around 214,000 […]]]>

Hello and welcome to our continued coverage of the global economy, financial markets, UK supply chain crisis and business.

September has turned out to be a cruel month for UK car dealers, as the global semiconductor shortage hits the auto industry.

New car registrations in the UK fell 35% year-on-year in September to around 214,000 units, according to preliminary industry data this morning.

It would be the weakest September in at least 23 years, according to Reuters, as the industry grapples with supply chain issues following the pandemic.

September is normally a good time for car sales, with motorists keen to get a new license plate showing they have the latest model (they are updated in the spring and fall).

But the global semiconductor shortage continues to hamper production across the auto industry, leaving dealers struggling to source models for sale to consumers.

But as Reuters explains, sales of electric cars hit a new record (in a month that ended with motorists lining up for fuel).


The Society of Motor Manufacturers and Traders said the auto industry continues to experience a global shortage of semiconductors used in car production.

With widespread panic buying at gas pumps late last month caused by a shortage of freight transport drivers, the SMMT said more than 32,000 battery-powered cars were registered last month – a new record.

UK license plates indicate a vehicle’s age and are updated every March and September, which means these are usually exceptional months for car registrations as buyers like to show that ‘they have the most recent model.

Reuters UK
(@ReutersUK)

New car registrations in the UK slip in September the lowest in over 23 years https://t.co/bk9ZY96Pg0 pic.twitter.com/OEVg9AiMsc


October 5, 2021

The chip shortage also affected auto production in August; production fell 27% year-on-year as manufacturers struggled to source parts (figures from last week showed).

Concerns about the cost of living and the move towards remote working can also weigh on car sales.

But, fewer cars on the roads – especially fossil-fueled models – could help the UK meet its goal of going net zero by 2050.

We get the full data at 9am UK time.

Also coming today …

Financial markets are on the alert after Wall Street fell sharply last night. The Dow Jones Industrial Average lost 323 points, or nearly 1%.

The tech-focused Nasdaq Composite slipped 2.1% as fears that rising inflation could cause interest rates to rise prompted investors to walk away from big tech companies.

Facebook’s shares fell nearly 5%, wiping out nearly $ 50 billion of its value, after a massive outage took its services offline for hours. The crash affected millions of people, organizations and businesses who use Facebook, Instagram and WhatsApp.

The energy crisis continues, with U.S. oil prices hitting their highest level in seven years last night after Opec and its allies resisted pressure to ramp up crude production.

Gavin Wendt
(@MineLifeReport)

Oil trade at its highest since 2014, OPEC + maintaining a gradual increase in supply of 400,000 b / d against consensus 800,000 b / d, natural gas shortage of 500,000 b / d also stimulated the demand. With winter looming, the prospect of a significant rise in prices is very strong. pic.twitter.com/YzdlErHSIC


October 5, 2021

This could translate into higher energy costs this winter and prices at the pump.

The UK oil crisis is easing, with military drivers now helping to get fuel to the forecourt. But problems remain, especially in London and the South East, so it could take a week to get back to normal.

We are also receiving new health checks this morning on service sector companies in the UK, Eurozone and US, which will show the impact of supply chain issues.

Agenda

  • 9am BST: UK car registrations for September
  • 9 a.m. BST: Eurozone services PMI for September
  • 9:30 a.m. BST: UK services PMI for September
  • 1:30 p.m. BST: US trade balance
  • 2 p.m. BST: IMF Managing Director Kristalina Georgieva delivers speech ahead of IMF annual meeting later this month
  • 3 p.m. BST: US services PMI for September



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Rental Cars More Affordable as Demand Slows | News, Sports, Jobs https://lanciadata.com/rental-cars-more-affordable-as-demand-slows-news-sports-jobs/ https://lanciadata.com/rental-cars-more-affordable-as-demand-slows-news-sports-jobs/#respond Mon, 04 Oct 2021 16:29:26 +0000 https://lanciadata.com/rental-cars-more-affordable-as-demand-slows-news-sports-jobs/ As demand for vehicles slows and rental companies replenish their fleets, hundreds of idling rental cars begin to fill the three fields behind Kahului Airport on Sunday. Officials say September and October are generally quieter months for Valley Island, with much lower number of inbound visitors from the mainland. DAKOTA GROSSMAN photo Car rental companies […]]]>

As demand for vehicles slows and rental companies replenish their fleets, hundreds of idling rental cars begin to fill the three fields behind Kahului Airport on Sunday. Officials say September and October are generally quieter months for Valley Island, with much lower number of inbound visitors from the mainland. DAKOTA GROSSMAN photo

Car rental companies are rebuilding their fleets and stabilizing prices slightly as Maui’s visitor numbers and vehicle demand slows this month.

Maui Airport District Manager Marvin Moniz said on Friday that the companies are currently bringing back about 3,000 rental vehicles in total and “I’m sure more will be coming over the next few months.”

The number of arriving passengers has averaged around 4,500 per day at Kahului Airport from the mainland throughout September, with the number of outgoing passengers averaging around 5,000 passengers. per day.

“Looks like these numbers will hold up for October”, Moniz said. “Historically, October has been one of the slowest months.”

Idling vehicles in fields near the airport pile up as daily car rentals decline slightly; about 800 cars a day are rented, according to Moniz. Uber, Lyft and taxi services are currently operating at stable rates, showing “no big peak” Where “no big fall” in the past month.

Between the island’s busy months so far, local rental companies have undergone a dramatic change.

In May and April, vehicles were booked fairly quickly at Maui Car Rentals when there was a high demand for rentals and a low supply of vehicles, but the need has since slowed, manager Kali’i Oliveira said on Wednesday.

Although September and October are naturally slower months, which is when the company has specials and sales, Oliveira said she has lost a number of bookings since Governor David’s announcement. Ige last month urging visitors to postpone their trip to help curb the spread of COVID-19[FEMININE[FEMININE

“We got cancellations almost every day, from everywhere too – not just from the United States, but a lot of people in Canada are canceling” said Oliveira. “We had cancellations for October and even November as well.”

The size of the fleet is around 120, with around 20 to 30 cars “Just sitting here right now”, he added.

This is a change from the start of the year, when demand was so high that a customer even asked if he could rent Oliveira’s personal vehicle for $ 100 per day.

The Kahului business typically rents by the week, with prices ranging from $ 500 to just over $ 700, according to the website. Oliveira said they are ready to match the tariffs.

National car rental companies appear to see a steady demand for rentals, with the majority of Maui operators having booked through the end of October, like Alamo and Enterprise, according to the companies’ websites.

Prices show a very slight drop, however, averaging around $ 400 to $ 1,850 for a five-day reservation depending on the type of car.

A reservation for a Hertz car in May and April cost over $ 1,000 to $ 2,000 for a period of five days, depending on the size of the vehicle. Vehicles from many large rental companies were not available until the end of October as of Thursday, but are priced much lower, ranging from just under $ 300 to around $ 730.

However, Thrifty’s uptime has stabilized since the months when customers had to pay around $ 1,000 per week due to the low supply of vehicles.

On Sunday, a reservation for the week of October 11 lists prices from around $ 450 to around $ 590, ranging from a small economy two-door car to a van.

During the growing demand for rentals at the start of the year, Sixt SE, an international supplier with around 2,100 locations in more than 110 countries, quickly added 70,900 vehicles to its global fleet, bringing the international inventory to around 146 000 vehicles in total at the end. of the second trimester.

“In general, with the celebrations around Labor Day and the start of the school year after the summer vacation, September is traditionally a slightly quieter time to travel to the United States,” Sixt said in a statement Wednesday.

In general, the company recommends that customers book in advance in order to obtain better prices and availability.

“The exact pricing depends on several parameters, such as where and when reservations are made” the company said.

* Dakota Grossman can be contacted at dgrossman@mauinews.com.

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Car review: With a fresh interior and a price drop of $ 7,105, the Jaguar XF is a bargain on luxury cars https://lanciadata.com/car-review-with-a-fresh-interior-and-a-price-drop-of-7105-the-jaguar-xf-is-a-bargain-on-luxury-cars/ https://lanciadata.com/car-review-with-a-fresh-interior-and-a-price-drop-of-7105-the-jaguar-xf-is-a-bargain-on-luxury-cars/#respond Sat, 02 Oct 2021 21:00:00 +0000 https://lanciadata.com/car-review-with-a-fresh-interior-and-a-price-drop-of-7105-the-jaguar-xf-is-a-bargain-on-luxury-cars/ Alright, I will. For 2021, Jaguar reduced the price of the Jaguar XF to $ 43,995. For that, you get a turbocharged 2.0-liter four-cylinder engine developing 246 horsepower, an eight-speed automatic transmission and rear-wheel drive. Now consider its German rivals, which all have four turbochargers and automatic transmission and cost significantly more. You can choose […]]]>

Alright, I will. For 2021, Jaguar reduced the price of the Jaguar XF to $ 43,995. For that, you get a turbocharged 2.0-liter four-cylinder engine developing 246 horsepower, an eight-speed automatic transmission and rear-wheel drive.

Now consider its German rivals, which all have four turbochargers and automatic transmission and cost significantly more. You can choose the 248-horsepower BMW 530i, which starts at $ 54,200, or the 255-horsepower Mercedes-Benz E 350, which starts at $ 54,950, both rear-wheel-drive like the Jaguar XF. There’s also the 261-horsepower Audi A6 45 Premium, base price of $ 55,400, with all-wheel drive. Still, you can get 296 horsepower and all-wheel drive on the Jaguar for just under 50,000. That gets you more horsepower and all-wheel drive, and nearly five thousand dollars in savings against the Germans. Oh, and you get five years or 60,000 free scheduled maintenance miles.

Have I ever tempted you? Now is the time for the fine print.

The Jaguar XF is now the brand’s only sedan after the discontinuation of the Jaguar XE sedan last year. But it feels like the company is redefining the Jaguar XF because it no longer has the V6 or V8 power of its competitors. At the same time, the XF has benefited from a new interior design, which emphasizes contemporary and elegant opulence rather than a sporty aesthetic, although its athleticism remains intact. It has become more of a luxurious GT than a sport sedan. Not that there is anything wrong with it. After all, few of us spend our days commuting on the highway.

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Plus, the XF’s powertrains provide more than enough authority to keep things interesting. The 2.0-liter turbocharged four-cylinder engine in the base P250 and mid-size P250 SE generates a respectable 246 horsepower with rear-wheel drive. The P300 versions get a more powerful version of the same powertrain producing 296 horsepower and all-wheel drive, with enough enthusiasm to keep things alive. The XF’s horsepower is more than enough for its market segment, and more than up to the task of moving this machine with the passion required, but without the effortless torque you might expect. The drivetrain is driven well, making the most of the muscle available.

And unlike German sports sedans and their blatantly inferior imitators, the Jaguar XF comfortably absorbs the road’s worst bumps. It is quite agile, with little body leaning in the turns and a quiet cabin. After all, it’s a British sedan. It keeps a stiff and continuous upper lip, all with enough comfort to keep you from spilling your cup of Darjeeling. The seats are comfortably well reinforced and not too stiff, making them the perfect thrones for long journeys. The head and leg room is generous in the front and just enough in the rear, which is typical of this category. Trunk space is minimal at 10.5 cubic feet, so pack lightly

A delightfully redesigned interior, decorated in true contemporary British fashion, adds to this cat’s silent and capable movements. After a period where it moved away from the wood-accented interiors it was known for, Jaguar is returning to it once again, but opting for open-pore wood rather than the glossy finishes that most people thought were fake. . It adds authenticity to the interior which enhances its allure, as do other divine details, such as the cricket-ball-shaped stitching in the gear lever or the shapes of the diamond-shaped Jaguar logo on its gear selector. knurled driving mode.

The dashboard redesign includes an 11.4-inch Pivi Pro infotainment display with a user interface that puts most of what you need with just one or two clicks. And its editorial-like layout makes it much easier to use than previous Jaguar systems. Best of all, the accompanying Meridian audio system is exemplary, turning the XF into your private concert hall. My stereo should be so good.

All the little details make the car feel much more expensive than it is. True luxury is scarce, and it’s something Jaguar does better than most of its competitors, who care more about mass production than class production. The 2021 Jaguar XF is something special, a unique flavor in a segment overwhelmed by German mass-produced luxury sedans. How to distinguish your Bimmer, Merc or Audi from that of your neighbor?

The Jaguar is not produced in the same numbers. It’s a sedan to savor, something distinctive that now costs less. And it’s worth considering, if you’re smart enough to understand why.

  • Base price: $ 43,995 – $ 49,995
  • Engine: 2.0-liter turbocharged four-cylinder
  • Horsepower / Torque: 300/295 lb-ft
  • EPA fuel economy (city / highway): 22/30 mpg
  • Length / Width / Height: 195/78 / 57.4 inches
  • Ground clearance: 4.3 inches
  • Loading capacity: 10.5 cubic feet
  • Towing capacity: Not rated

© 2021 Tribune Content Agency, LLC


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Apples and oranges: Making sense of the economics of advanced air mobility https://lanciadata.com/apples-and-oranges-making-sense-of-the-economics-of-advanced-air-mobility/ https://lanciadata.com/apples-and-oranges-making-sense-of-the-economics-of-advanced-air-mobility/#respond Sat, 02 Oct 2021 01:07:58 +0000 https://lanciadata.com/apples-and-oranges-making-sense-of-the-economics-of-advanced-air-mobility/ October 1, 2021Flying taxis, passenger drones, electric regional aircraft and other forms of advanced air mobility (AAM) are a hot topic in aviation. Funds are pouring into space and more than 250 companies are working on solutions. And as the industry moves towards the first business operations, expected around the middle of the decade, executives […]]]>

Flying taxis, passenger drones, electric regional aircraft and other forms of advanced air mobility (AAM) are a hot topic in aviation. Funds are pouring into space and more than 250 companies are working on solutions. And as the industry moves towards the first business operations, expected around the middle of the decade, executives are carefully reviewing and adjusting business plans to understand where they can make a profit and see a return on their investments.

Unit measures of costs and revenues are an important part of business plans. Unit metrics can provide easy benchmarks across business models and time, help AAM executives assess their competitiveness with other modes (such as personal car, transit or ridesharing), and scaling and growth of the model. But while unit metrics such as “price per kilometer” seem intuitive and easy to use, they also carry a significant risk of misinterpretation. Used incorrectly, they can easily lead to false conclusions, such as giving the impression that the market is bigger than it is or making an option look better than the alternatives when in reality it is worse. , and this in turn can lead to investing in bad companies, bad models of airplanes and mobility and, ultimately, the destruction of value.

With unit metrics, the devil is in the details. While it may seem obvious to some, a surprising number of people compare apples and oranges when talking about this industry. To fully understand economics, we need to be clear about unit metrics and make sure we are comparing apples to apples. The following discussion is intended to clarify how to properly adjust unit metrics. This doesn’t mean approving absolute prices – it requires a longer and more in-depth discussion.

Define unit cost and income

The unit cost of transport is generally thought of as the cost per unit of distance (e.g., dollars per passenger-mile), but in the context of the AAM, two things need to be clearly defined: the scope for which the cost is assessed and how the distance is measured (expose).

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On the scope side, we can look at cost from several different angles: cost per vehicle, cost per seat, and cost per passenger. There are also three ways of thinking about distance: the direct distance (great circle), which is the most direct path between two points; road distance, which reflects the indirect nature of road trips; and the air distance, which is the flight path of the aircraft. Air distance tends to be shorter than road distance but longer than direct distance because the aircraft must maneuver for takeoff and landing and around other traffics and geographies.

To demonstrate the importance of these distinctions, the exhibit shows a comparison of unit revenues, or prices, between a hypothetical AAM provider and a ridesharing service. As noted, there are nine different ways to define the unit price. If the typical carpooling service costs $ 3 per vehicle road kilometer and the AAM cost is $ 2.50 per passenger flight kilometer, at face value, the AAM player appears to have a lower cost. But this conclusion assumes that there is only one passenger and that both vehicles follow the same route. Since the car will likely take a less direct (and therefore longer) route, the comparison is not fair. A more insightful comparison is to adapt to a common definition of distance.

In this example, we are adjusting to a common definition by assuming that the car’s route will be about 33% longer than the direct distance, because the car has to travel on roads. Likewise, we assume that the aircraft adds 10 percent distance to accommodate take-off and landing paths and constraints along the route. With this adjustment, the cost becomes $ 4.00 per direct vehicle mile for the car and $ 2.75 per direct mile per passenger for the plane, making AAM costs even better. But it’s still not an apple-to-apple comparison, as it compares the price per vehicle with the price per passenger. When the car carries two passengers, for example, the price per direct passenger-mile drops to $ 2.00, well below that of the AAM at $ 2.75 (each).

Travel time matters

We also have to take into account the length of the trip. Each mode of transport has both fixed costs per departure (such as landing infrastructure or booking fees) and variable costs (such as energy). The fixed costs are spread over the entire trip, so if everything else is equal, shorter trips tend to have higher unit costs and income. When comparing business plans and financial reports, it is important to recognize this effect and adjust unit metrics accordingly.

In traditional air travel, the square root distance adjustment formula provides a good approximation of the impact of stage length on unit metrics. To adjust, we multiply the unit metric by the square root of the actual scene length of the metric divided by the scene length we want to adjust to. Fixed cost to variable cost ratios published by a number of AAM companies suggest that the square root distance adjustment formula will also be a good approximation for this new industry, at least to some extent. As the distances recede, the different design points of each aircraft will begin to play an important role and break the validity of the fit formula.

For example, a hypothetical AAM has a cost of $ 1.75 per flight seat mile at a reference leg length of 25 miles, while another hypothetical AAM has a cost of $ 1.50 at a length 35 mile stage. At first glance, the second AAM appears to have lower costs. But when its path is adjusted to the length of the first stage of the AAM – $ 1.50 * sqrt (35/25) = $ 1.77 – the two costs turn out to be almost equivalent and therefore quite competitive.

These adjustments, both for the correct definition of unit metrics and for travel time, are necessary to get a correct view of AAM activity. Players who do not use unit metrics correctly could easily make bad decisions resulting in value destruction.

Andrea Cornell is a consultant in the McKinsey office in Denver, Axel Esqueis a partner in the Paris office and Robin riedelis a partner of the San Francisco office.


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