Author: SM

The future of auto industry and financing seems to be very bright, thanks to the even changing transportation ecosystem. Not only the car manufacturers but the auto finance companies now have to focus on making their services better.

• The auto makers must focus on making customized autonomous vehicles and
• The auto financers must focus on designing more customized loan products.

That means both the cars as well as the loan products must become more granular and modular.

On the horizon, the industry experts see the rise in demand of self-driven vehicles as well as car sharing. This they anticipate will:

• Alter the entire setting for the auto financiers
• It can dramatically change both the number of loans as well as the size of it and
• These loans will be much easily accessible to the borrowers who need them.

However, the rise in demand of such vehicles will make the customers increasingly a business rather than an individual car owner. That means, the overall loan volume is anticipated to decline.

The business figures

When you look at the business stats of the auto industry you will hardly find another consumer oriented business that is as dependent and well-functioning as it. It is for this reason that you find auto financing so widely available. According to a study report it is seen that:

• Approximately the new loans and leases originated annually are valued at $500 billion and
• Out of these 86% of the new car purchases and 55% of the used cars bank on borrowed money.

These finances are offered by banks, private sources, online sources like Liberty Lending, captives, as well as fleet financiers. All these arms of the finance machinery play an important role collectively.

When you consider the car loans offered by all these sources you will find that the US auto finance industry stands at $1 trillion roughly in outstanding loans and leases. This figure that translates into total revenue of roughly $111 billion is expected to rise, thanks to the evolving transportation biome.

The upcoming challenges

The role of auto finance may be well established as of now but looking at the current trends of evolution of the extended automotive industry on a global scale it is expected to face hard core challenges in the coming years. Why? The experts of the industry suggest a lot of possibilities and reasons for this such as:

• The new mobility ecosystem
• The series of congregating social and economic factors
• The effect of the constantly changing technological forces
• The advanced powertrains
• The shifting consumer preferences and  
• The emergence of autonomous vehicles.

All these factors will surely reshape in the coming years the way in which people and goods move about.

However, for auto financing there will be the most notable changes noticed. There will be the rise in shared access to vehicles along with a significant drop in the number of new car purchases by the consumers. This will in turn dramatically affect the number and size of the car loans as the consequence of the altered needs of the people.

Thriving in the changed ecosystem

The auto finance industry therefore needs to make immediate changes in their business model, policy as well as loan products to thrive in this emerging mobility ecosystem. They will need to rethink and reconsider several important aspects such as:

• The traditional value chain that they currently and usually follow
• The sales and loan origination methods
• The servicing of customers and
• Asset disposition.

They will need to base these on the scope of ecosystem provided to them and balance it with the transformation required to survive. This may vary from one type of lender to another. For example:

• The large diversified and traditional banks that have most of the required capabilities already to make the change may face a challenge in communicating knowledge across different business divisions. They may also encounter some issues in rebalancing between and managing the volume of consumer and commercial auto lending.
• On the other hand, the captives and other money lending institutions will be primarily focused on more dealer oriented loans than granting it to individuals. This is because they will need to discover different new business models and develop them so that it helps them to serve the greater pool of dealers and commercial borrowers of tomorrow.

However, both the traditional banks as well as the non-conventional money lending sources need to grapple with such changes, share insights, commence ongoing dialogue and know the implications to keep up with the evolution that is under way.

This will in turn help them to deal effectively with the disrupters and the incumbents as well as find and use the new sources of value creation.

In short, it will help the major stakeholders to explore all the different ways to play and win in this constantly changing mobility ecosystem. It is believed that businesses will come to know and follow the concrete steps that must be taken to day to prepare for a better future.

The core elements

In addition to that, all the core elements of shared mobility must be considered. This will help the auto finance industry to fund the shared as well as the driver driven vehicles that are considered to be the future state two. In comparison, the fleet finance companies on the other hand will be able to meet the needs of the rental car fleets that involve taxi, limousine, and other types of cars.

However, if you consider the future state four, you will notice that there is a sea change occurred in the auto finance sector. This is because the autonomous shared mobility has turned to be a reality now.

The finance model followed now will be more business oriented meaning the financers will be more focused on financing the fleet owners. Auto finance companies will also fund for other aspects such as maintenance and infrastructure of the shared vehicles such as insurance, fueling, recharging stations, and parking.

A few national dealers may become mobility management providers which will open up new frontiers for the auto finance companies.

Inclement weather is one primary reason behind car accidents in Maryland. As an experienced driver, you can quite well understand the risk of driving under unfavorable weather conditions, such as rain, snow, ice, storm, etc., as these can create traffic havoc and lead to adverse circumstances. But the problem is, nature is unpredictable, and so are its changing moods. You may not know when it suddenly starts rainstorm or blizzard, catching you almost off the guard. The physical injuries resulting from these weather-influenced accidents can be as dangerous as the ones caused by negligent driving on a bright day.

Anyway, it’s not possible to avoid such unpredictable situations. However, you can still practice precaution to decrease the odds of encountering such occurrences. Some of those common tricks are being shared here for your safety and security.

Tips for a safe driving experience in bad weather

Keep car speed in check

Speed is one of the most common reasons behind most car crashes in this American state. It can be risky in any road condition and particularly more when the weather is also notorious. For your safety and your co-passenger’s, you need to adhere to the minimum car speed limit or below to avoid a car accident.

Monitor weather and traffic-related news

Follow weather and traffic-related bulletin diligently to avoid going on a bad weather day. Some roads can be blocked due to tree limbs or down wires. If you get this information beforehand, you can avoid the chance of being stranded. Whenever you leave home, make sure you go through these reports. It is necessary for your safety.

Remember road signs

On a clear day, you may have noticed specific signboards that read “bridge may be icy” or something like this. These signs are critical to keep in mind, especially during harsh climatic conditions. These boards are a reminder that roads near overpass can accumulate ice quickly compared to any other routes, due to a combination of lower temperature and chilling wind.

Having awareness is crucial, and being able to calculate the risk of getting into an unfortunate road accident can be your best defense against succumbing to highway injuries and deaths. Whether your visibility gets affected by dust or dirt caused by strong winds, or precipitation, or blizzards, if you are aware of the speed limits and know how and where to apply it, then you can drive home safely. With that, you also need to understand how to communicate with other drivers during such conditions.

Besides, another thing that you can ensure from your end is planning. Traffic conditions in Maryland are already not very good, and on top of that, add lousy weather. If you take all these factors into account beforehand and plan, you will not have to rush, which again sometimes become a reason for road accidents.

You cannot have a control on sudden climatic changes and can run into a car crash even after exercising all the safety measures. In such situations, you may need the guidance of the best car accident lawyer MD.

In today’s world, there are several instances which you need to look at your auto windshield. If you are getting some cracks then it needs immediate attention, the main reason behind this is to being crack which develops through the high rate cause of some vibrations of the car itself. Manufacturing of the windshield is very hard, and it is considered to be solid material.

In some cases, this glass may be susceptible to damage. The auto windshield may be damaged entirely due to the fact of carelessness. While the car is moving then the instances as like some small pebbles which hit on the glass because it can cause some crack in the glass. We all know that in the case of an accident, the glass may be cracked completely. We are going to tell you about the following steps to how to clean, repair and also replace auto windshield by own.

Repair and replace your auto windshield

• It is the first step which you should prefer to fix the glass rather than of repairing because the repairing costs of replacing is higher as compared to the repairs. The reasons behind this are that the production cost of that glass is high; even the labor price is high.
• When you are getting confused, then you can take help from the insurance company which suggests you repair the glass due to the reason of being cheaper for the company, but sometimes it also becomes the excellent choice because the windshield bears the seal of the company.
• There are several ways in which the auto glass would be damaged. You will be glad to know that the windshield is made and keep with the high stressed areas when it has to be fitted. You should keep it with a very high density. For this reason, even a small crack put you in high danger; don’t ignore a single crack in the glass because it leads to damage.
• It is also the thing that you will find the do it yourself kit in the market just for replacing or fixing the auto windshield. If you are doing it, then it reduces the specialist calling for doing the same work. In these kits it includes the resin as filler; it is injected by the injectors which are provided in the kit itself.
• Sometimes this crack in the auto windshield glass is very long and don’t be ignored. In some of the cases, it is good to replace the glass rather than its repairing. The reason behind this is that it will be harmful to you if you are ignoring the crack. Due to the stress when you are driving, it might be breaking the car itself. 

The question to ask from your auto body repair

• More about the shops

After an accident when you are going on the soot repair shops for replacement, then you have to read the reviews about the particular shop which would be very useful for you. A person is also getting the sense of the quality of the company, which depends on the feedback of the customer and ratings and reviews. You have to be asking these questions after reading the customer’s reviews.

• Does the auto body repair shop have rental cars or they provide the loaner vehicles?

As we know that in today’s world no one can imagine itself without a car, that’s why you must require that you have a rental car when you have your car. Few auto shops are there who have a rental facility which is located near your shop. When they are repairing your car which offers loaner cars that are used. If you are taking the pre-rental agreement, then look at their reviews very carefully. When you leave the car in the shop, then you should take pictures of the car.

• How long will the auto body repair take?

It is the first and the most crucial question which you have to be asked from the auto body shops. You don’t have the hard and fast answer to this question because each case is personal. Some of the parts are there, which directly affect the time of repair that also includes the extent of damaging your car. There are several changes which consume a lot of time in repairing as like maybe there is some holiday or maybe at that time auto shop repairs are busy.

• Is your car covered when it is in the shop?

If your company has fire and theft insurance, then you must ask your shops. It is your responsibility that you must take care that your car will be covered when having the case of the damaged car, destroyed and stolen. This is not the advisable thing to paying the insurance premiums when it has been repaired.

If your mechanic is needed to take the drive of your car as a test, then you should make somebody pay if it is pulled over.

• Will the paint match to the rest of my car?

In some cases, cars have the paint code on the plate which is located in the door jamb or the trunk. Sometime this paint will give the proper color of the paint manufacturer. You have to make sure that the auto body shop repair will also use the same color of the paint and not the same color. If you want some more information, then click here and gather more details.

• Payment policy

If your company is reputable, then they post their policies and the method of payment which is seen by the customers. In this policy, it includes the rates if labor, materials, warranty information, and guarantee. If you don’t see it, then you should ask before the shop begins when the repair work on the vehicle.

Therefore, these are some of the questions which you have to be asked when you are going to repair the vehicle with the help of auto replacement shops.

Being a NASCAR or a Formula 1 racing car driver requires a high level of physical fitness according to leading sports scientists, something that seemed far from reality even 20 years ago with leading racing car drivers renowned to having a cigarette or two after a race when things were much different when cigarette companies used to sponsor many of the NASCAR and F1 racing cars.

According the Toro Rosso team principal Franz Tost, elite sports fitness has progressed across all sports, he said that “this is nothing to do only with Formula One; this is in all the other sports as well, in skiing and so on,” He continues, “our drivers have special physical training plans. They have their own coach, they have a nutrition plans.”

In a recent interview conducted by Betway, F1 performance coach Eliot Challifour explains further that F1 drivers’ fitness should be considered as high as the likes of Cristiano Ronaldo, Chris Froome and Mo Farah. The reason people might tend to overlook F1 driver’s fitness might in part be due to the fact that they are driving machines, thinking in that way about the drivers will be oversimplifying their strains during a grand prix race.

“Formula 1 drivers are extremely fit athletes,” says Eliot Challifour, a performance coach who has worked with former McLaren driver Stoffel Vandoorne and others over the course of his 15 years in motorsport. 

“When they are in the car, they are actually sustaining heart rates very similar to that of a high-level distance runner or cyclist – it’s 80 per cent or more of their maximum heart rate they’re having to maintain for a couple of hours.

“Although they’re not running or moving, they’ve got a lot of forces that are being applied to them. They’re coping with five or even six times their body weight.”

With a G-force of up t 6.5G during a NASCAR or F1 race, one needs to appreciate that this downforce generated by an F1 car means that drivers need a strong neck that can “hold five to six times the weight of their head” – to endure the stress on their upper body.

Challifour adds that “Brake forces often get forgotten – the actual force that drivers actively have to exert on the pedal is around 80 kilograms, multiple times each race.” With drivers typically losing an average of 1.4 litres of sweat over the course of a two-hour race, and add to that humidity which can regularly be the case in some race courses around the world, it is a little surprising that the driver’s physical fitness not only allows drivers to drive the car, but also to remain concentrated as the race unfolds around them.

There is nothing more important than range when it comes to electric cars. The electric cars are also known as EVs cars. To many EV owners, the performance, comfort, and technology are very important. Before anything else, they want the car/vehicle to be able to travel a reasonable distance on a full battery charge.

There are not many electric cars for sale in the year 2019. Electric vehicles that have gone out of production are not eligible to be in 2019 list. In the coming years, hopefully that it will change. Many car enthusiasts prefer Volkswagen, Honda and Ford look to get on the EV list. Below are few of the top EVs on the range for 2019.

Tesla Model S Long Range

Thanks to its 100-kWh battery and twin electric motors, the long-range version of the sedan able to travel 335 miles estimated on a single charge while the Tesla Model S remains the most impressive electric production vehicle. Its efficiency is rated by the EPA at 102 MPGe. With these points, can anyone dethrone Tesla?

Tesla Model 3 Long Range

With a 75-kWh lithium-ion battery and either a single or dual electric motor, the Tesla Model 3 Long Range provide an estimated driving range of 310 miles. Its efficiency of the model 3 is rated by the EPA at 130 MPGe. The model 3 is at the second place as it has the best efficiency of any EVs.

Audi E-Tron

With 95 kWh lithium-ion battery and dual electric motors, the 2019 Audi E-Tron is 10th on the list. It provides a maximum estimated driving range of 204 miles. According to the Environmental Protection Agency, the Audi E-Tron returns the equivalent of 74 MPGe.

Jaguar I-Pace

Not to be confused with the gasoline Jaguar E-Pace, the Jaguar I-Pace has a dual motor electric drive system. The 90-kWh lithium-ion battery pack is made for a maximum electric driving range of 234 miles. Its efficiency is rated by the EPA at 76 MPGe.

Kia Niro EV

To be reckoned with in the electric vehicle space, Kia and Hyundai are quickly becoming a force. With 64 kWh lithium-ion battery, the Niro EV is a shining example of the Korean brand’s EV prowess. For an impressive driving range of 239 miles, the single electric motor is good. Making it slightly less efficient than the smartly engineered Bolt EV, the Niro EV is rated by the EPA at 112 MPGe.

Chevrolet Bolt EV

The Chevrolet Bolt EV has a single electric motor and 60 kWh battery pack. This provide a pure electric range of 238 miles. Rated at 109 MPGe, the electric motor and battery are not wasting energy. They do a good job by regenerating energy when the car is braking and coasting.

These amazing cars bring an exclusive driving experience. They will soon be unveiled in 2019. How about plunging in the virtual world of cars in the meantime? Spin and Win Casino offers numerous car-themed cars. Hotline slots game is one example of car-themed game that the site proposes. This game will take you to a world filled with sport cars with a classy style. Plunge in the gameplay anytime on any devices!

If there’s one thing that people are noticing lately, it’s the comeback of the scooter. If you go to Europe, you’ll tend to notice quite a few around, but up until recently, that wasn’t the case in North America. In the past, the car dominated all parts of this continent, mostly because of how cheap fuel was. In the fifties, for instance, gas cost pennies a gallon, which was why cars of the time were nicknamed “land boats”. Fuel efficiency wasn’t considered back then and this would be the common practice for decades to come. It’s only in the last ten years that people have begun to reconsider the cost of having a car.

Having a car is a must for many people usually due to just how much they have to do in a day. Before, the cost of a car would include car payments, insurance, and regular maintenance. These expenses alone can be costly, but was always simply viewed as part of owning a vehicle. The real problem came when gas prices went through a series of major increases over the last decade. Cars have become much more expensive to own than in the past, and people have started to second guess just how economical a car really is.

This has resulted in people looking for alternatives to a traditional gas-powered car. The first option for car owners was to look at hybrids, which does use some electricity, but still uses expensive gas.

The second was to look at purely electric cars. This is a favored option at first, but once many people see the price tag for an electric vehicle, they tend to move on.

Enter the electric scooter. Gas prices are high and that doesn’t look like it’s going to change any time soon. If anything, gas prices are likely to continue to increase over the next thirty years to the point of being too expensive to buy. People are turning to alternatives that don’t require a lot of gas. You can buy electric scooters online which is a good option for someone looking for cheap, efficient transportation around town.

A major issue with cars is maintenance. Everyone who has ever owned a car will admit that they had to bring into the garage, not once or twice, but several times over the lifetime of the car. There are the usual oil and tire changes, but parts of a car break down and need to be replaced. The average cost of maintaining a car is about 5 cents per mile. Sounds cheap, right? For the average driver that works out to over seven hundred dollars in maintenance per year! People then think of the electric scooter, which requires a fraction of the cost to maintain.

Then there’s insurance. Car insurance isn’t as cheap as it once was. The average cost of insuring a car is over a thousand dollars today! So, what about the insurance for a scooter? There is none. Period.

What also comes with a car is debt, if you can even afford it. The average price of a car in 2019 is now over thirty thousand dollars! That’s a problem for many households who can’t afford the price, but buy one anyway, and that’s if they get approved for the loan. Loans, themselves, are becoming harder to get because of strict policies regarding people’s credit. When one considers the price tag of a new car, hundreds of dollars to buy a scooter seems like a walk in the park!

Besides all of the issues when it comes to cost, there is also the issue of convenience. A car can be a hassle to get around town in, especially when you’re in need of a parking space. There has been more than one person out there who has driven around a part of town for an hour just looking for a place to park. Scooters can generally be chained to just about anything and then left on a sidewalk or in marked places on the street, which is an attractive trait to some.

There is also the issue of where cars can go, which is basically on roads and in parking lots! It seems a strange thing to point out, yes, but a vehicle is something that can get you just about anywhere although it can’t go everywhere. People who prefer scooters enjoy the fact that they can go down alleyways, sidewalks, and through parks with an electric scooter. Try doing that with your car!

All in all, there are many reasons for wanting to make the switch from a car to an electric scooter. As with many things, you do need to carefully consider all the pros and cons when deciding whether or not to sell your car, but scooters are becoming more visible for a reason!

Proper tire care not only ensures that you save money, but it also ensures that you and your loved ones remain safe while riding the car. People who take care of cleaning and maintaining their tires add life to them and keep the old ones from cracking for months to come.

Taking care of your tires can be simple and easy if you follow these steps –

1. Invest in good quality tires

While you don’t have to invest in the costliest tires, you must ensure that you buy standard or good-quality tires as soon as the old ones begin to wear out. Purchasing all-season tires or snow tires right before winter starts is one way to ensure that you don’t spend again and again. You should inspect all tires before you buy them, especially if you are interested in reconditioned or pre-loved tires. Nicks, holes, and cuts signify that you need to move on, irrespective of how lucrative the offer is, and look for new ones without any signs of damage.

1. Learn about tire mileage

Before you can spend your hard-earned money on tires, you need to ensure that you know about tire mileage. A professional seller with extensive experience should be able to inform you regarding the longevity or mileage of your tires. Visit Midnight Driver for tips and tricks that will add mileage to your tires. Typically, better quality or more expensive tires can last for more miles as compared to their cheaper variants. It is understandable that the refurbished or reconditioned tires do not last as long as their new counterparts from the brand store.

1. Inspect old tires

Sometimes, old tires don’t show any noticeable signs of damage, but you will notice flattened treads and numerous cracks upon close inspection. You should rotate your tires every quarter, and you should also try to replace all four tires at one go. We understand that it is an expensive decision, but it will add to the lifespan of the existing tires as well as the new one. Proper rotation ensures even wear on all four tires. Experts recommend replacing the two tires on the rear end since they will take care of your car’s control and grip on the road.

1. Invest in a protectant

Apart from daily use, the tires experience regular exposure to sunlight, heat, and harsh chemicals. Apart from cleaning out the dirt and debris from your car tires, you should think about applying a protectant. The typical tire protectant is a water-based solution of chemicals that provides a thin but resistant layer on top of the rubber surface. It can ensure optimum protection from the UV rays of the sun, excessive heat, and friction.

• Air pressure check

Every month, check the air pressure in your tires. You can ask the maintenance person at your car wash for help, or you can complete the check all by yourself. Ensure that all four tires have optimum air pressure to ensure the safety of your all-wheel or two-wheel drive.

Keeping your tires in peak health will help you drive safe during fair weather, and during heavy rains as well. Try to stick to the recommended tire type for every season. It will help you minimize insurance cost, and it will aid your insurance claims in the event of third-party liability as well.