World Auto News & Reviews

You may already be aware that interest rates for auto loans are higher when the borrower has a bad credit rating or low credit score. Depending on your financial position and the lender that you choose to use, this rate increase may make a small or large difference in the amount of your monthly car payment. From a lender’s point of view, it all comes down to risk. The factors that increase the risk of loan default contribute to a higher rate. Those factors that reduce the risk, result in a lower rate. There are several factors that lenders take into account when reviewing your application and approving your loan.

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Buying a new car seemed like a good idea at the time. You set out, hoping to find the perfect vehicle for the perfect price. When you started looking you got carried away and purchased something that didn’t necessarily suit your lifestyle. Even worse than that, you let the guy at the car yard talk you into some ridiculous finance option and now you are not even sure you can make the repayments. Using a car loans calculator before you hit the car yards is always a good idea. When you need a car in a hurry, most of the time a car loans calculator is the best solution. Being able to see how much you will need to repay can set your mind at ease. Car loan calculators can quickly break your repayments into fortnightly or monthly payments, to let you sleep better at night. Once you have decided what you can afford, the next stop is to find the loan.

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While the bigwigs at General Motors are mulling to expand production of Cadillacs outside of North America before the end of 2012, here in the States, the focus is on improving the customer experience at the brand’s dealerships. Today, the Detroit automaker rolled out a new design for Cadillac showrooms that will become the standard across the country.
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For any sports car in the world, a record-breaking Nurburgring lap is one of the most important deciding factors of its credibility. However, there is another place in the world where records are just as important – the Isle of Man. Located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles, the Isle of Man is a self-governing British Crown Dependency.
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As part of last year’s Toyota Design Internship, industrial designer Eric Leong produced this interesting take on the third-generation Toyota Prius for the year 2015.

By acknowledging that wind resistance is one of the key factors in improving vehicle economy, Leong’s Prius III hybrid is extremely slippery. Described by the designer as moving, “through [the wind], not into it”, this design study channels air over its surface through a series of vanes.
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