When buying a car, in Hamilton Ontario included, you have to be prepared to lose money… Over time. No one wants to throw money away, and whether or not you will do that with a car purchase is up to you and your negotiation skills and the amount of preparation you’ve invested before buying a car. But one thing is for sure – cars tend to lose value as time goes by and start as soon as you drive them off the dealer’s parking lot. New cars usually lose around 11% in value as soon as you take them off the dealer’s lot, and by the end of the first year of driving, their value has decreased by … [Read more...]
10 Most Cost-Effective Hybrid Cars
With the Carbon tax now in full effect throughout Canada, people are looking for new ways to minimize their carbon emissions - which was the Government’s intent in the first place. Among other things, this also means that they are changing their requirements and desires when buying cars. Criteria like car dependability and lifespan still play a big role in choosing the vehicle, but overall, we can see a big shift towards electric and hybrid vehicles being purchased more often. If you are looking to buy a car, and your main criterium is how dependable it is, the latest J.D. Power … [Read more...]
How Will Police Stop Self-Driving Cars?
As you know if you are a car buff, the automotive technology is constantly developing - and the car is evolving - bringing us significantly further from when it first appeared more than 100 years ago. Now we have not only cars running on electricity, but also smart ones - those that keep us connected with other people and in the know about the driving conditions in real time. And soon enough, people might not even be driving cars - with autonomous cars being developed by Tesla, Mercedes, Lexus, BMW and even Google as you read this. It’s an exciting time we live in, for sure, but it also raises … [Read more...]
10 Reasons to Admire Canadian Auto Production (Infographic)
Before the signing of the 1965 Auto Pact by Canada and the US, American car companies were forced to produce Canadian-specific models in branch plants located largely in Ontario. But with America exporting most of the required components, Canada racked up big trade deficits due to the value of parts crossing the border. The Auto Pact abolished automobile-related tariffs between the 2 countries and, in exchange, the Big 3 automakers pledged that Canadian auto production would not fall below 1964 levels. Canada would produce a smaller variety of vehicles, but in greater numbers – many of which … [Read more...]