0 Zero Down Car Leases Explained – Best Car Deals 2015 #used #car #dealerships

#best auto lease deals

$0 Zero Down Car Leases Explained

Is it possible to lease a car with no down payment?  $0 down?


In fact most car leases, even those advertised with a required down payment, are also available with $0 due at signing.

Of course, the monthly payment will be higher since you are not pre-paying some of the lease obligation.

In general, for a modestly priced vehicle, you can expect your lease payment to be higher by about $40 a month for every $1000 you don t make as a down payment.

Although all leases are structured so that a down payment is optional, some special lease deals offered by car manufacturers in monthly promotions may require a down payment in order to get the deal. You could do the lease without a down payment but the actual deal might not be as good (see LeaseGuide.com for details about how to evaluate a lease deal).

On the other hand, some manufacturers such as Honda often offer their special promotional lease deals both ways — with a down payment and without. Even though you pay a higher monthly payment with nothing down, the deal is still a good deal. See Special Honda Leases for recent examples.

In a lease, a down payment is called capitalized cost reduction. or simply cap cost reduction .

Just to understand a bit about how leases work, when you sign the papers for a lease, you pay a down payment (or not), any sales tax on your down payment, your first month s payment, possibly a security deposit (which you get back at lease-end), and any official fees required in your city, county, or state.

This is called cash due at signing. But notice that down payment (if any) is only a part of the total amount due at signing. This important point is often not well understood. Many people mistakenly refer to the entire amount due at signing as the down payment.

This means that there can be differences between lease deals that offer $0 down or no down payment. Even if you make no down payment, you may still pay the other fees.

However, in some $0 due at signing or sign and drive deals, such as those from Honda and others, not only do you pay nothing down but the other fees are rolled into the lease. You still pay for them in the long run, but you don t pay them up front in cash.

So, when a dealer tells you there is no down payment required, find out if that really means zero cash up front or if you still must pay the other fees.

See $0 Down Car Leases Are Back for specific lease deals that require no money down.

For more details and information about zero down car leasing. go to LeaseGuide.com .

Headlights explained: Halogen v HID v LED v Laser #custom #auto #accessories

#auto led lights

Headlights explained Halogen v HID v LED v Laser

It wasn’t that long ago that headlights were a no-thought-required feature. All cars had them and no one really paid them much heed unless they failed or were shaped in a particularly ugly manner.


Reliably generating light with the limited resources at a car’s disposal was a problem for early automotive engineers.

Tungsten filaments, similar to the kind found in household incandescent light bulbs, were finally settled on as the solution. From the mid-1960s until now these tungsten filaments have been encased in a bubble of halogen gas in order to improve performance and longevity.

For much of their history, tungsten and halogen lamps focused light on the road via a lens that doubled as the headlight protective housing; now the two jobs are separate. Since the 1990s the exterior casings of headlights have been made from polycarbonate instead glass, as it both lighter and stronger, while light from the headlamp bulb is aimed via a series of computer designed complex reflectors, as seen in the Ford Ranger (above, left). Alternatively the light beam can be directed by a projector lens within the headlight housing, such as the ones found in the Mazda MX-5 (above, right).

Combing low cost and a working life of between 500 and 1000 hours, halogen bulbs are the most common headlamp type in use today, although that is rapidly changing. Spurring things along is the desire of car makers to improve efficiency. Halogen bulbs draw around 55 watts of power, and much of that is wasted as it’s converted into heat rather than light.

High intensity discharge

In high intensity discharge (HID) headlights, such as those used across the Lexus IS range. a mixture of rare metals and gases are heated to produce a bright white glow. HIDs are around two to three times brighter than halogen lamps and their glare can be particularly annoying for other road users. As such, the Australian Design Rules require cars equipped with HIDs to also have a self-levelling mechanism and a headlight washer. The former ensures that the headlights are always aimed towards the ground. The latter minimises the build up of dirt and grime, both of which can divert more light into the eyes of on-coming drivers.

Despite their brighter output, HID lamps require less power to operate. They generally draw about 35 watts and are said to be good for around 2000 hours of use.

In cars HID lights contain a trace amount of the inert noble gas xenon, hence their common name: xenon headlights. Xenon gas prevents automotive HID lights from flickering when they’re switched on and ensure that an adequate amount of illumination is provided before the headlights reach maximum brightness, usually within a few minutes.

Automotive HID lamps are easy to distinguish as their cool white glow is accompanied by a distinctive blue tinge around the edges. Some cars feature only HID lighting for their low beam, with high beam provided by a separate set of halogen lamps. Bi-xenon setups, however, are able to provide both high and low beam from the same set of HID lights.

HID headlights first became available in the mid-1990s, but are now optional on most mainstream models. The rare elements employed by an HID bulb have kept prices high, giving room for newer technologies to storm the fort.


Light emitting diodes (LEDs) have come a long way from the simple flashing lights on beige computer cases to being key components in modern cars, phones and televisions.

Whether you realise it or not, they provide most of the lighting used in today instrument panels, entertainment head units and car interiors. As well, arrays of these diodes are employed in fog lamps, indicators and brake lights. Car designers love LEDs because their small size allows them to be fashioned into ever thinner and more distinctive shapes.

Although LED headlights currently fall a little short of the brightness achieved by HIDs, they hit maximum brightness within a millionth of a second compared with the half second required by incandescent and halogen lights. When LEDs are used in brake and indicator lights they’re said to improve the reaction time of other road users by around 30 per cent. On top of this, some bulb makers are claiming a life of up to 15,000 hours for their LED headlamps.

Touch a halogen bulb or xenon globe when it on and you’ll likely recoil in pain from the intense heat, but with LED headlights you’ll struggle to break a sweat. Therein lies their great advantage, they convert most of the energy directed to them into light not heat. In fact most of the heat generated by LEDs is at their electrical base, not on the bulb surface.

For the last few years LED headlights were only available on sedans retailing for north of $200,000, like the Audi A8 and Lexus LS. and the hypermilers’ best friend, the Toyota Prius. Recent advances, though, have licked earlier problems regarding brightness and rearward heat dissipation, and LED headlights are now heading toward the mainstream. This year they became available on the humble Corolla sedan. albeit only the top-of-the-range $30,990 ZR.


Later this year BMW will be the first to offer laser headlights as an option in its i8 plug-in hybrid supercar. So, yes, we’ll get the joke out of the way now: this car has freakin’ lasers in its eyes.

But before Dr Evil starts whipping up some convoluted scheme to extort a few hundred thousand dollars out of the poor citizens of planet Earth, he should realise that BMW isn’t planning to shoot flesh cutting laser beams down the road.

Rather the laser beams are focused towards a cloud of yellow phosphorous gas. When excited by the laser the gas emits a powerful white glow, which is then reflected and diffused to light up the road ahead.

Initially this laser light system will only be used for the high beam. BMW claims that the new headlamps are smaller, more energy efficient and can illuminate the road up to 600 metres ahead of the i8. By comparison the i8’s regular LED high beams can only manage 300 metres.

Headlight conversion kits

If all this talk of more efficient, yet brighter, headlights has got you all excited and thinking of ways to upgrade your current steed, you should probably think again.

Although there an aftermarket willing to cater to your desires, upgrading to a different type of headlight technology will almost certainly put you in contravention of the Australian Design Rules (ADRs). Indeed some online headlight stores warn buyers that their products are only legal for off-road use.

In relation to headlights, the ADRs dictate the size and shape of a car headlight’s beam, as well as the maximum amount of permissible glare to oncoming traffic. For headlights with an output over 2000 lumens (that’s all HID units, basically) a headlamp washer and self levelling system is required, and cars sold with halogen lights usually aren’t equipped with either feature.

If that’s not enough to dissuade you, think of your fellow road users. Headlight reflectors and lenses are designed for a bulb of a specific output, size and shape. Altering any one of those elements may result in a different beam pattern that could stun, blind and annoy other road users.

USS Used Car Auctions Japan – Auction Sheets Explained – English Explanations #cheap #auto #parts #free #shipping

#japan auto auction


Elite Auto Export Japan is happy to share FREE JAPANESE USED CAR AUCTION access from today!

Pop on over to

And sign up for your free access.

Auction sheets are an essential part of buying used cars from Japan.

USS Auction sheets are the first point of inspection when selecting your used car for purchase. The Auction reports are produced by professional inspectors employed by the auction house, independant of us, your export agent, and the  seller of the vehicle in question. They can give us fairly good idea of the condition, history and market value of  specific vehicle  before the auction commences with basic information like

  • If the Vehicle has any crash history
  • First registration date of the vehicle in Japan (Important when buying a car such as a Mercedes Benz as the registration date and actual production date may be different)
  • Any dents or scratches on the vehicle, rated in severity.
  • Actual chassis number (To be used for conformation of the year of the vehicle and check with manufacturer of any factory options etc)(Also important to make sure the car you are sold is the car that is shipped!)
  • Any rust or corrosion on the vehicle.
  • Interior condition
  • Any engine noise or transmission problem
  • Oil leaks
  • If the vehicle has been resprayed.

Afte the inspector has checked the vehicle, he(or she) will Grade (Explanation of the grades below) the interior and exterior of the vehicle, and also give the car a total grade, giving us a clear indication of the condition and value of the vehicle in the market.

Below you will find more specific information on Auction sheet grading and interior grades and also a full translation of a several different Auction Sheets Very useful information for reading the Japanese Auction Sheets if you are not fluent in Japanese. We can help with the translations of the Auction Sheets also.

Full coverage car insurance explained #second #hand #cars #for #sale

#full coverage auto insurance

Full coverage car insurance

No insurance policy can cover you and your car in every circumstance. But a ‘full coverage’ policy covers you in most of them.

Insurance is meant to protect you from being sued, or left financially stranded by a totaled car, or ruined by an uninsured driver. That doesn’t mean an accident won’t leave you with expenses and hassles you wouldn’t face otherwise.

Full coverage is shorthand for policies that cover not only your liability but damage to your car as well. Here’s how to weigh liability vs. full coverage.

What is full coverage?

To most drivers, full coverage means you have bought not only liability insurance which is mandatory virtually everywhere and pays for the damage you inflict on other people and property but comprehensive and collision, too.

Ideally, full coverage means you have insurance in the types and amounts that are appropriate for your income, assets and risk profile. The point of all types of car insurance is to keep you from being financially ruined by an accident or incident.

Of course, you can buy a policy with every conceivable option:

  • The highest available liability limits (usually $250,000 per person bodily injury, $500,000 per accident, $100,000 property damage)
  • The lowest possible deductible on collision and comprehensive coverage. At some companies, it’s $0, but $100 and $250 are common.
  • Uninsured/underinsured motorist bodily injury coverage with limits matching your liability coverage
  • Uninsured motorist property damage (not available in all states)
  • All available medical coverages in the highest amounts possible (personal injury protection in no-fault states and medical payments coverage in most others)
  • Rental reimbursement coverage
  • Towing and labor
  • Preferred-customer add-ons such as new car replacement programs or vanishing deductibles

In reality, there is no policy that will cover you and your car in every situation, just most of them.

What does full coverage insurance cover

A typical full coverage policy (liability, comp and collision, uninsured motorist and medical coverage) should cover:

  • The damage you do to others, up to your liability limits.
  • Your car, up to its fair market value, minus your deductible, if you are at fault or the other driver does not have insurance or if it is destroyed by a natural disaster or stolen.
  • Your injuries and those of your passengers, if you are at fault, up to the amount of your medical coverage.
  • Your injuries and yours of your passengers, if you are hit by an uninsured motorist, up to the limits of your uninsured motorist policy.

Typical full coverage insurance won’t pay for:

  • Racing or other speed contests
  • Off-road use
  • Use in a car-sharing program
  • Catastrophes such as war or nuclear contamination
  • Destruction or confiscation by government or civil authorities
  • Using your vehicle for livery or delivery purposes; business use
  • Intentional damage

Typical comprehensive and collision policies won t cover:

  • Freezing
  • Wear and tear
  • Mechanical breakdown (often an optional coverage)
  • Tire damage
  • Items stolen from the car (those may be covered by your homeowners or renters policy, if you have one)
  • A rental car while your own is being repaired (an optional coverage)
  • Electronics that aren t permanently attached
  • Custom parts and equipment (some small amount may be specified in the policy, but you can usually add a rider for higher amounts)

Do I need full coverage?

You are required to have liability insurance or some other proof of financial responsibility in every state. Coverage comes in varying levels, from the mandatory minimum to as much as $500,000. You as a car owner are on the hook personally for any injury or property damage beyond the limits you selected. Your insurance company won t pay more than your limit.

But liability coverage won’t pay to repair or replace your car. If you owe money on your vehicle, your lender will require that you buy collision and comprehensive coverage to protect its investment. After you pay off the loan, the choice to buy comp and collision is yours alone.

We have our own rules of thumb on insuring any car:

  • When the car is new and financed, you have to have full coverage. Keep your deductible manageable.
  • When the car is paid off, raise your deductible to match your available savings.
  • When you reach a point financially where you can replace your car without the assistance of insurance, seriously consider dropping comprehensive and collision.

You can see what kinds of insurance coverage drivers like you — people with cars the same age, who are in the same age group and have a similar type of residence — buy with Insurance.com’s auto insurance coverage calculator .

How much does full coverage cost?

Car insurance rates are very specific to the person who owns the car: Your age, driving record, credit history and location count as much as the kind of car you are driving. Rates also vary by hundreds of dollars from company to company. That’s why we always suggest, as your first step to saving money, that you compare quotes.

Here’s a comparison of the cost of full coverage for a 40-year-old driver in Vancouver, Washington, who owns a paid-off 2009 Ford Mustang:

Minimum liability only: Purchasing the Washington state minimum of $25,000 bodily injury liability per person, $50,000 per accident, and $10,000 in property damage, and declining uninsured motorist and personal injury protection. No comprehensive or collision. Quotes ranged from $636 a year to $1,260.

Typical full coverage: Purchasing $100,000/$300,000/$50,000 liability coverage, uninsured motorist in a matching amount, $10,000 in personal injury protection and comprehensive and collision coverage with a $500 deductible. Quotes ranged from $1,116 to $1,536 a year.

Premium full coverage: Purchasing $250,000/$500,000/$100,000 liability coverage, uninsured motorist in a matching amount, $10,000 in basic personal injury protection plus $25,000 additional, comprehensive and collision with a $250 deductible, rental reimbursement and emergency towing and labor. Quotes ranged from $1,416 to $2,340 a year.

When should I drop full coverage?

Our data show that 40 percent of drivers who own 10-year-old model cars are buying comprehensive and collision coverage. Many consider dropping these optional coverages on a car nearing the end of its life. If you can manage such a loss — that is, replace a stolen or totaled car without a payout from insurance — do the math on the potential savings.

For example, a 25-year-old woman with a clean driving record living in Stirling, N.J. would pay about $1,302 a year for full coverage (50/100/50 liability, uninsured motorist, personal injury protection and comprehensive and collision coverage with a $500 deductible) on a 10-year-old Ford Focus ZX4. Dropping comprehensive and collision, she would pay about $806 a year a savings of $496 a year.

Let’s say her car is worth $4,450 as the actual cash value an insurance company would pay. If her car were totaled tomorrow and she still carried full coverage, she would get a check for $3,950 the actual cash value of the car minus her $500 deductible. In other words, she is paying $496 a year to protect herself against a $3,950 loss.

Of course, the value of the car drops with each passing year, and so do the insurance premiums. At a certain point, most drivers would choose to accept the risk and bank the collision and comprehensive premiums because they would be unlikely to find a reliable replacement with the insurance payout.

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Guaranteed Car Finance Explained #used #car #auctions

#guaranteed auto loans

Guaranteed Car Finance Explained

November 13, 2013

Guaranteed car finance may be good for those individuals who are looking to purchase a new car through financing, but do not have the credit standing necessary to purchase a vehicle. Guaranteed car finance is a relatively new concept in auto financing. It is an innovative way for a lender or car dealer to provide a car to a new buyer, regardless of their credit history.

Find out if you qualify for an auto loan

What Is Guaranteed Car Finance?

It is typically a free service and is currently available primarily to borrowers with poor or bad credit. Companies offering guaranteed car finance allow buyers to request the amount of credit needed to purchase a new car. The terms of the agreement with guaranteed car finance lenders are not limited to purchasing the vehicle from the lender or dealer. A new buyer is permitted to shop elsewhere and bring in their outside loan agreement for financing.

Availability of Guaranteed Car Financing Programs

Though the program is modeled after rent-to-own businesses in the United States, guaranteed auto financing is currently only available in the United Kingdom.

The Finance Process

The borrower selects the car of their choice from the dealer of choice. When the selection process has concluded, the borrower applies with the guaranteed car finance company for the loan. A deposit of a sum that can be equal to four monthly payments or 20 percent of the car’s price is required along with the following documentation at the time of application:

  • An Identification card (usually driver’s license and/or passport)
  • Your full name
  • Your address
  • Employment details
  • Banking information, including bank statements
  • A current utility bill
  • Proof of current mortgage or rent payments (or process to make current)

Terms of the Program

The loan agreement is a contract for hire arrangement where the finance company takes ownership of the vehicle during the loan period. The company charges a monthly rental fee to the borrower in exchange for use of the car. The monthly rental fee is comprised of the loan amount plus an interest and financing charge.

As the loan balance is paid down, it is the responsibility of the borrower to maintain the vehicle in accordance with the terms of the contract for hire. This arrangement works for both the borrower and the lender. The finance company receives a tax deduction in consideration of the value-added tax levied on the vehicle’s value, while the borrower does not increase his or her net asset value since ownership resides with the finance company.

Borrower Profile

The guaranteed car finance program is geared for individuals with bad or poor credit, default judgments, bankruptcies, credit delinquencies, no credit, a new start up business or other conditions that would deny them traditional loans.

Contract for Hire

At any time that the borrower cannot make payments, the loan company takes possession of the car and places it into their inventory. Since the guaranteed car loan program works for used and new cars, the loan company has the ability to move the car to a new borrower without much problem or loss.


At the end of the loan period, the borrower takes possession of the property outright. They also have the ability to trade the property in for a newer model. These arrangements provide a great deal of flexibility and meet the needs of an individual who may otherwise be able to afford new items.

Car Leasing Terms Explained in Plain English #auto

#auto leases

Car Leasing Terms Explained in Plain English

Car leasing is very similar to renting. It makes “owning” a new car more affordable (at least in the short-term).

Contrary to what most people think, car dealers are not the ones who offer leases. Leases are actually done through leasing companies, banks, or the finance division of a car manufacturer (such as GM Financial or Ford Motor Credit).

When you lease a car, the dealer sells the vehicle to the leasing company at the price you negotiate (read our negotiating guide ). The leasing company then turns around and leases the car to you based on that purchase price.

This is why it’s so important to negotiate the selling price of the car first before leasing. Car dealers love the confusing nature of a lease because it’s easy for them to pad on extra profits without you ever realizing it.

Leasing Terms Explained in Plain English

In order to understand leasing, you need to understand the following terms used to calculate your monthly payments. (don’t worry, it’s simple once you understand).

Capitalized Cost

This is the most important part of a lease, sometimes referred to as “cap cost”. It’s the negotiated selling price of the car plus any additional fees you might want to include in the monthly lease payment (such as acquisition fee). The lower you negotiate the purchase price of the car, the lower your monthly payment will be.

Most dealers will try to charge MSRP (Manufacturer’s Suggested Retail Price). Don’t fall for that – negotiate just like you would if you were buying the car outright.

Capitalized Cost Reduction

“cap reduction”, this is basically anything that lowers the cap cost – such as a down payment, trade-in allowance, or rebates. Assuming you negotiated the purchase price at $25,000 and you put $3,000 as a down payment, your capitalized cost is now $22,000 and your capitalized cost reduction is $3,000. Adjusted Capitalized Cost

Sometimes referred to as “net capitalized cost “, it’s the cap cost minus the cap reduction. This is the figure the leasing company will use to determine your monthly payments. Acquisition Fee

This is the fee leasing companies charge to arrange the lease and is usually just a straight profit for them. Not all leasing companies charge this fee, but when they do, it’s usually between $400 and $750 – and it’s not negotiable. The acquisition fee can be bundled into the monthly lease payment by adding it to the Capitalized Cost. Depreciation

You’ve probably heard the saying that the value of a new car drops 15% as soon as you drive it off the lot. This statement refers to depreciation.

Typically, the price of a new car drops 50% after 3 years. Remember that the leasing company actually owns the car and is renting ” it out to you.

The problem is, when you return the car, it’s going to be worth a whole lot less than when you first started leasing it and you’re going to have to pay for this loss in value.

Therefore, depreciation makes up the largest part of your lease payment so you need to pay close attention to this. Some cars depreciate more than others. Cars like BMW and Mercedes retain their value well, which explains why many of their sales go to leasing. (See: Best Cars to Lease if You Want a Great Deal )


This is the amount your car is worth at the end of the lease. Depreciation and Residual go hand in hand – if you know one, you can calculate the other.

Let’s say you purchased a car for $30,000. After 4 years, the depreciation on the car is $20,000 – therefore, the residual is $10,000.

The residual value is calculated before you sign the lease. Most leasing companies use the Automotive Leasing Guide (ALG), an industry guidebook that calculates the predicted values of new cars after they come off lease.

Money Factor

This is what confuses most people when it comes to leases. Money factor is actually pretty simple, it just refers to the interest rate but is calculated differently. (Again, car dealers love the confusion since it allows them to add in hidden profits)

The money factor is represented as a number such as “.0029”. To convert this to a more familiar interest rate, you simply multiply by 2,400. A money factor of .0029 equals roughly 7% interest.

Here’s a table showing you what each money factor converts to:

USS Used Car Auctions Japan – Auction Sheets Explained – English Explanations #best #used #car #deals

#japan auto auction


Elite Auto Export Japan is happy to share FREE JAPANESE USED CAR AUCTION access from today!

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Auction sheets are an essential part of buying used cars from Japan.

USS Auction sheets are the first point of inspection when selecting your used car for purchase. The Auction reports are produced by professional inspectors employed by the auction house, independant of us, your export agent, and the  seller of the vehicle in question. They can give us fairly good idea of the condition, history and market value of  specific vehicle  before the auction commences with basic information like

  • If the Vehicle has any crash history
  • First registration date of the vehicle in Japan (Important when buying a car such as a Mercedes Benz as the registration date and actual production date may be different)
  • Any dents or scratches on the vehicle, rated in severity.
  • Actual chassis number (To be used for conformation of the year of the vehicle and check with manufacturer of any factory options etc)(Also important to make sure the car you are sold is the car that is shipped!)
  • Any rust or corrosion on the vehicle.
  • Interior condition
  • Any engine noise or transmission problem
  • Oil leaks
  • If the vehicle has been resprayed.

Afte the inspector has checked the vehicle, he(or she) will Grade (Explanation of the grades below) the interior and exterior of the vehicle, and also give the car a total grade, giving us a clear indication of the condition and value of the vehicle in the market.

Below you will find more specific information on Auction sheet grading and interior grades and also a full translation of a several different Auction Sheets Very useful information for reading the Japanese Auction Sheets if you are not fluent in Japanese. We can help with the translations of the Auction Sheets also.

Automotive LED Lighting Explained. #genuine #auto #parts

#auto led

Automotive LED Lighting Explained

The old and faithful incandescent light bulbs are being forced out of automotive lighting, to be replaced by LED lights. LED is short for Light Emitting Diodes. This is a form of transistor, doped with a substrate that emits light when current is applied. The LEDs have a number of advantages over incandescent lighting that are very attractive for automotive use:

  • They are very insensitive to vibrations
  • They last for the life of the vehicle (does not apply to headlight LEDs yet)
  • They can be baked into moisture proof casings to be installed in all kinds of harsh environments
  • They light up much quicker than incandescent bulbs
  • They are extremely compact
  • They can be made to emit different colors
  • They run cool
  • They give more light per supplied watt than incandescent light bulbs

There is now LED lighting technology available for every conventional automotive lighting purpose. The LEDs are also creating new light features for automotive purposes, as the LEDs can be installed in ways and in locations that are impossible with incandescent and fluorescent lighting.

Corvette brake lights were first

The first automotive use of LEDs was on the 1984 Corvette. which had a LED center high mount stop lamp. The LEDs are better for stop lamps than anything else, as they light up instantaneously. This gives the drivers behind more time to react to avoid an accident if a car makes a sudden stop. It might seem insignificant that a LED lights up 0.2 seconds faster than an incandescent bulb, but at 75 mph this translates to 21′ extra braking distance for the cars behind. This can literally make the difference between life and death.

Changing from incandescent light bulbs to LEDs in the brake light thus is not only a question of styling. It is also an important safety measure. LED brake lights are more or less standard on modern cars. The LEDs also make for development of better brake lights. Some cars now have brake lights that become brighter with increased pressure in the braking system, or LEDs that start flashing rapidly when the car is braking really hard. This gives the drivers behind even better warnings, helping them to avoid accidents.

High cost holds LEDs back

LEDs are also quickly becoming standard technology for rear lights and turn indicators. The only factor that makes car manufacturers hold back on LEDs is that LED lighting still is more expensive than fixtures for incandescent lighting. But their compact format and long life are strong arguments for installing LEDs. After all, it is important to safety that rear lights and turn signals work when they are needed. The long life of LEDs is also a strong argument for replacing incandescent light bulbs in rear lights and turn signals with aftermarket LEDs.

The LEDs that replace conventional light bulbs are made as assemblies of a number of LEDs. There are two reasons for this: The individual LEDs still don’t have the same light intensity as an incandescent bulb, and LEDs emit the light in a very narrow angle. Thus, to make the LED light visible from all angles or to make LED fixtures for ambient lighting, several LEDs must be used, emitting light in different directions. One feature of the LEDs that is beginning to transform the design of automotive lighting is their ability to emit light of different colors.

All colors from one light

The RGB LEDs have a design that allows them to emit any color light from the same LED unit. They are either built with three different LEDs combined into one unit, with one emitting red, one green and one blue light, or they are constructed as one LED doped with three different substances that emit red, green and blue light when current is applied. By varying the voltage applied, these LEDs can be made to emit any combination of the three colors. Red, green and blue mixed together at equal brightness is perceived by the human eye as white light, and the eye will perceive other mixes as all kinds of different colors (this is also used in printing, where red, green and blue are used to create all colors in the visible spectrum). The multicolor feature of LEDs makes it possible to make one single strip of LEDs that can perform several functions: to display a red rear driving light, to display a bright, or even pulsating, intense red light on braking, to blink amber on turns and to light up in white for backing up. The LEDs can be made to light up simultaneously as a single unit, or sequentially, to create “running turn signals”, all depending on the configuration of the circuitry governing the LEDs. Examples of how this LED feature can be used for practical purposes are the Fire and Ice Light Bar and the Tailgate LED Light Bar by Putco lighting.

LEDs can hide away

The small size of LEDs also makes it possible to make thin strips of lights that can be twisted and turned and placed in locations where there is no room for conventional lighting. The most prominent use of this is in running lights. which can be made not only to make the vehicle visible by emitting light, but also to do this in a shape that provides a unique character to the vehicle. The best known example of this is Audi. whose LED “whiskers” have become part of their trademark. LEDs are ideal for running lights, as they don’t burn out, consume very little energy and are maintenance free. Installing aftermarket LED running lights can actually save you money if your vehicle uses the low beams as automatic running lights. With LED running lights installed, you can turn off the expensive incandescent bulbs in your low beams and thus prolong their lifespan considerably. LED strips can even be made so thin that they are virtually invisible when they are not lighted up. The PLASMAGLOW® – Lightning Eyes Headlight Kit is one example. This strip can be mounted in the small space between the headlight and the body and is hardly noticeable when the car is parked. The LED strips are widely used by both vehicle and aftermarket manufacturers for under dash lighting, door lights and foot well lights. They are used as side markers and contour lights on emergency vehicles, trucks and custom builds.

Headlights are next

LEDs are also beginning to substitute headlights, with the 2007 Lexus LS600 hybrid being the first vehicle to use LEDs this way. The brightness of LEDs has now reached levels that make it possible to use them for this most demanding of automotive lighting fixtures. As the prices of LEDs go down, more LED headlights are certain to be installed, substituting incandescent bulbs. There are however many problems to be solved before LEDs becomes the preferred source of light in headlights. Even though LEDs run cooler than incandescent bulbs, they emit less light when the temperature goes up. As even LEDs get pretty hot when you apply the power needed to emit the lumens necessary for headlights, it is an uphill battle for developers to make LEDs that emit a lot of light. The other obstacle is that without manipulation an LED emits light through a very narrow angle.

The LED headlights made today combine advanced LED design with advanced optical design and intricate cooling devices to perform adequately. This gets very expensive. However, with the rapid development taking place in the field, there is no doubt that we will see new and more efficient LED headlight designs very shortly.

The future belongs to LEDs

The incandescent bulbs haven’t really developed that much in the 140 years they have existed, while the development rate of LEDs is very rapid, with LED performance being doubled every 36 months, a development rate that is similar to the fast pace of computer development. There is no doubt that the future of automotive lighting belongs to the LEDs.

Short-Term Car Lease Explained – by #used #honda #cars

#short term auto lease

Short-Term Car Lease Explained

How To Lease a Car Short-Term

Car dealers don t normally offer short-term leases on new cars. Nor do they lease used cars. They only offer new-car leases that typically start at 24 months. Leases for 36 and 39 months are the most common.

If a shorter term, say a 1 year lease , is required, there s another way to do it. We ll tell you how and where.

Why a Short Term Lease?

There are many reasons someone might want a vehicle for a relatively short period of time — 3 months, 6 months, or a year. A temporary job assignment. School. Temporary financial situation. Special family needs. Military deployment. Want to test-drive a particular make/model for a while. Don t have cash for down payment and dealer fees.

So What s the Answer?

In many cases a long-term rental from a car rental company may be the answer. Rent terms can range from one day to several months, although longer rentals can be very expensive. For the best rates for a long-term rental, rent from smaller local car rental companies, not large national companies such as Hertz or Alamo.

As a rule of thumb, if your needs are for about six months or less, renting may be the best solution. However, for six months to 24 months, or more, you may be better to consider a short-term lease in the form of a lease assumption .

Many short term car lease assumptions  are being offered at bargain prices, with no down payment — many with cash back incentives if you know where to look.

How Does it Work?

All short term car leases are lease assumptions or transfers or takeovers.  That is, one party arranges to take over a lease from another party who wants out of their existing lease. The new lessee takes over the car and assumes the monthly payments for the remaining months of the original lease.

Remaining time on the leases can be as little as 3-6 months, as high as 39 months.

Short-term lease takeovers are a great way to get a low monthly payments, with no down payment or up-front dealer fees. In many cases, desperate sellers are offering cash incentives to make the deals more attractive. It is one of the best ways to get into a relatively late model car, still under warranty, at the lowest possible cost.

The process of lease assumption is one that involves the seller s lease company making the necessary paperwork and contract changes to switch the lease over. It s usually fast and costs about $100, depending on the lease company.

At the end of a short term lease, the new buyer is responsible for returning the vehicle to the lease company, or optionally purchasing the vehicle. If the vehicle is returned, the new lessee can be charged for excessive damages or mileage just as the original lessee would have if they had kept their vehicle.

How to Find Short Term Leases

Although you can sometimes find lease sellers in newspaper classifieds or auto trader magazines, this is not the best way. If you happen to find a lease in this way, remember it s not legal and proper until the selling party s lease company approves and changes the contract. You can t simply take over lease payments from someone without changing the contract with the lease finance company.

The better way is to visit the web site of one of a handful of companies on the Internet who specialize in matching up lease sellers with willing buyers. They list and display vehicles for which lease transfers are being offered. In many cases these can be very good deals, especially when the original lease deal was good to begin with. Sellers frequently offer cash payments to interested buyers. This is a great way to get into an almost-new car for very little money.

Although there are a number of companies who offer this kind service on the Internet, Swapalease.com   is the original (and best, in our opinion) and has assisted in thousands of short term lease transfers. The company is well respected and has a huge inventory of assumable leases, many of which are excellent deals. In the current economy, many people are offering up their leased vehicles due to financial difficulties.

If you decide to take over a car lease, Swapalease will help you arrange and complete the deal. Some lease companies charge a relatively small application and/or transfer fee. It s easy and inexpensive.  Some will also check your credit score, which you should already know. If you don t know your most recent score, you should. What s your FICO score? Find out now when you check your credit report for $1 at Experian.com!

It s absolutely the best and least expensive way to get into a short-term lease.

Also read our article, Terminate a Lease . if you are interested in getting the seller viewpoint on this topic.

If You Can t Find a Short-Term Lease Assumption

Lease assumptions can often be hard to find, especially if you re looking for a specific make/model car. So what to do?

One solution might be to simply buy a good used car — one that is known to hold its resale value well — and resell it when you no longer need it for very little loss of money. Cars that are popular and have a history of great reliability make the best choices. Examples of such cars are: Honda Civic, Honda Accord, Honda CRV, Toyota Corolla, Toyota Camry, and Toyota RAV4.

You can find a huge selection of such used vehicles for sale in your area at Cars.com . They have over 4 million vehicles listed, which gives you a big chance of finding just the vehicle you want.

If you need an auto loan for your purchase, even if you have bad credit, there are online services, such as InstantCarLoan.com  that specialize in providing simple online application and fast approvals. Even if you ve bee approved by a dealer or bank, you should check online services as well.