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Why New Car Depreciation Isn’t as Bad as They Say

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Why New Car Depreciation Isn't as Bad as They Say

Fuel economy, finance rates and fancy features top the list of concerns for many potential car buyers. However, for some it’s the eventual loss of value – or depreciation – that’s the main concern. The realization that no one but you will pay the same price for this very car again can hit you like a truck.

Depreciation is essentially the difference between the price you pay and the amount you get when you try to trade it in or sell it. Whether you’re buying a new car or a used one, its value will inevitably decrease. The most significant depreciation happens in the first three to four years at an average rate of 15 to 20 per cent a year. Click here to learn more about depreciation and how it affects the value of your car.  Because of its inevitability, we believe that depreciation shouldn’t be feared, but embraced instead. Here’s how: Read More

Toyota to Push Out Fuel Cell Vehicles by End of 2014

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Toyota to Push Out Fuel Cell Vehicles by End of 2014

Toyota is pulling all stops to release their new hydrogen fuel cell vehicles (FCV) ahead of schedule. Their plan is to have the cars enter production by mid-December, so that they could make an appearance in showrooms by the end of 2014, says a report from The Japan Times. Toyota’s first FCV Concept has debuted during the Tokyo Motor Show in November last year to mixed reception. Toyota has defended the car by stating that the Prius hasn’t been well-received at first either. Read More

How to Save Up Enough Money to Buy a New Car

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money-pile

When it comes to tough decisions, buying a new car is certainly ranks high on the list. If you’re young and still in the process of growing your career, things can be even tougher. Although a new car is a major financial undertaking, owning one provides you with the freedom and flexibility that is unmatched. Whether you are on the lower or higher end of the budget, buying a new car is always a decision worth pondering, which is why following tips like the ones below to save money is a great way to achieve your dream. Read More

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