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Total cost of owning a car

The total cost of owning a car can be determined by several different factors. While the price you pay for the car is certainly a large factor, it's not the only cost that needs to be considered. You must also consider how much it costs to maintain, insure and fuel the car.

Why do these other costs matter when you're determining the total cost of owning a car? Let's say that you spent $1,000 putting new brakes on a car that you paid $500 for. With that additional cost, you have now effectively paid $1,500 to provide yourself with a vehicle. If you pay $500 a year over five years to insure the car, that will add up to an additional $2,500 to keep your car on the road. If you spend $100 a month on gas for your car, you will end up spending an extra $1,200 per year.

There are many tools available to those who wish to compare the cost of ownership of one vehicle with another. For example, if you wanted to compare a Sonata with the , you can get a rough estimate of how much it would cost, over a period of several years, to own the Sonata as compared to the Tacoma.

If you don't like the thought of putting a lot of money into a vehicle, it may be worthwhile to buy new instead of used. While a used car may still come with a warranty, a new car will also come with a warranty, but may also have better gas mileage and cost less to insure.

Getting the best value for your money when you buy a car is easier to accomplish when you understand the factors that go in to the total cost. Knowing this figure will help you to determine if you want to buy new as opposed to used, or if buying a car with a lower sticker price is really the better deal compared to a car that may have a higher sticker price.

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There Are Several Advantages to Buying a New Car

The new car market is packed with plenty of exciting vehicles. Here are some of the advantages of choosing to purchase a brand new ride.

The majority of new cars come with a very lengthy warranty. In fact, some vehicles are backed by a 100,000-mile powertrain warranty. If the vehicle develops a problem during the warranty period, the automaker will cover the cost of the necessary repairs. This helps the car owner save a lot of extra money in the long run.

Oftentimes, an older vehicle will suffer from a lack of modern features. While some of these features are designed to increase comfort, there are others that enhance the vehicle’s safety. A few of the most intriguing features to hit the market include blind-spot monitoring, rearview cameras, Bluetooth connectivity, LED daytime running lights and touchscreen interfaces.

With the proper maintenance, a new car should last longer than a used vehicle. Although a new car will be test-driven by a few people, the total mileage will still be very low. This is a big advantage to motorists who plan on keeping their vehicle for a long time.

Although used vehicles have a lower price tag, new cars are provided with better financing rates. Some car dealerships also offer various deals throughout the year. For example, the offers 0% APR financing. This helps to relieve some of the financial burden of owning a new car.

Automakers typically make gradual improvements to a vehicle. Although every case is different, a new vehicle should be better than the outgoing model. This is especially true for vehicles that have been completely redesigned.

The entire experience of shopping for a new ride can be very exciting. It is actually a dream come true for some drivers.

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New 2015 Corvette ZO6 is a beast

The Detroit Auto Show has had plenty of cars generating buzz, but the all-new 2015 Corvette ZO6 is getting plenty of well-deserved attention. The new Corvette Stingray is impressive on its own, particularly with the ZR1 package. But now track afficionados will have even more performance with the new ZO6. This is now a well-established tradition with Corvette and it's a natural addition to the new C7 lineup. For the money, you won't get better performance anywhere in comparison to the Corvette lineup of cars. The ZO6 starts to rival some of the supercars out there.

Many of the modifications might appear to be subtle but they help to create incremental improvements in performance. You'll see some minor changes to the exterior of the Corvette, including a wider back side. But it looks very similar to the Stingray.

If you love sports cars, see this one in person and then set up an appointment to drive the ZO6 along with the Stingrays. You'll come away impressed.

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Ford reveals 50th Anniversary Mustang

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The wait is finally over. Ford has revealed the all-new 2015 Mustang which will celebrate the 50th anniversary of this iconic nameplate. Ford had achieved great success with the current version of the Mustang with its retro design, so the bar was set very high with this new redesign. Opinions will likely vary, especially among purists who are very hard to please. In many ways this design is more evolutionary and incremental as opposed to something radical. It looks like the current body style was simply modified to look more modern and more like the rest of the current Ford lineup. Still, it's unmistakably a Mustang, and that should please many fans.

The front view of the vehicle offers the most noticeable design change with the more modern looking headlamps. The front facia still looks like a Mustang, but now we're seeing something more like the uninspired looks of the car from the 1990s. Meanwhile, the fastback rear end seems like the most aggressive part of the new vehicle and may save the overall design.

Some on the fan message boards are deriding the new design as looking like an Accord Coupe, but there was no way Ford was going to get a more modern design without getting some of this negative criticism. The retro Mustang was a massive hit, but it had lost its sales lead to the new, retro Camaro. Ford had to move on and the 50th anniversary offered the ideal opportunity.

The design provides a lower, wider stance with a reduction in roof height and wider rear fender. The return of Mustang fastback with a sleeker profile enabled by more steeply sloped windshield and rear glass.

Ford sees the new Mustang as a world car, so they will be aggressive about marketing this American icon overseas. Also, there are plenty of improvements to the vehicle as well that will please consumers.

The Mustang will now be available with three engines – a more powerful 5.0-liter V8, a 3.7-liter V6 and an all-new fuel-efficient 2.3-liter EcoBoost engine. With the emphasis these days on gas mileage that should help the vehicle appeal to a broader audience. The robust 5.0-liter V8 available in the Mustang GT will feature an upgraded valvetrain and cylinder heads that yield more than 420 horsepower and 390 lb.-ft. of torque. The standard 3.7-liter V6 will have at least 300 horsepower and 270 lb.-ft. of torque. Meanwhile, the Mustang EcoBoost engine uses direct injection, variable cam timing and turbocharging to provide both power and projected segment-leading fuel efficiency. Output is projected at more than 305 horsepower and 300 lb.-ft. of torque. It will be interesting to see the sales breakdown and how these engines feel in terms of power.

Ford is emphasizing that the new Mustang will be more nimble with better handling. The goal was to surpass the handling dynamics achieved in the recent Boss 302. Ford explains that the new Mustang features all-new front and rear suspension systems. At the front, a new perimeter subframe helps to stiffen the structure while reducing mass, providing a better foundation for more predictable wheel control that benefits handling, steering and ride. At the rear is an all-new integral-link independent rear suspension which might not please some of the purists. The vihicle has been modified and tuned for this high-performance application.

This new Mustang will generate considerable buzz and we'll see how fans react when it goes on sale next year.

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