The Low-Down on Car Deposits
In the second-hand car market, it’s not uncommon to encounter sellers who are looking for some security to close a deal. That is, if you are hoping they will hold onto the vehicle while you stump up the cash, then it’s only fair that a deposit be placed. Not only does this show that your interests are legitimate but it protects the seller in case you pull out of the deal when they have other interested buyers.
When it comes to the new car market, a deposit isn’t strictly essential when applying for finance to secure the car you want. However, by doing so, it can make your life a whole lot easier, as you’ll have a larger choice of financiers to deal with, not to mention, scope to achieve better terms for any finance on the vehicle.
BEV & E-GMP Are The Way Forward: Hyundai.
In a major step forward in the electric car industry, Hyundai Motor Group has unveiled its new Electric-Global Modular Platform or E-GMP. It will produce a BEV or Battery Electric Vehicle in a dedicated move to create a core platform to develop the technology.
To be launched in 2021, the program will form the basis for Hyundai’s next Ioniq, a dedicated BEV from Kia, and potentially other models for the brands. E-GMP is intended to be a bespoke platform for the company’s BEV range, having benefits such as increased development flexibility, powerful driving performance, increased driving range, strengthened safety features, and more interior space for occupants and luggage.
Driving performance will allow a sport-oriented model to achieve sub-four second 100kph times, whilst the platform can accommodate SUVs, sedans, or Crossover Urban Vehicles. By using a system called modularisation, it makes for better building and cost amortisation. The chassis design can be shrunk or stretched to accommodate the battery placement and therefore ensure weight distribution is always as appropriate as possible. A five-link rear suspension system, which is typically used for mid and large sized vehicle segments, and the world’s first integrated drive axle (IDA), which combines wheel bearings with the drive shaft to transmit power to the wheels, enhance ride comfort and handling stability.
Auto Bounce Back: Is the Slide Over?
Australia’s two and a half year run of decreasing sales has come to an end, says the Federal Chamber of Automotive Industries. Sales for the month of November, 2020, were recorded at 95,205, an increase of 10,497 sales or 12.4 per cent on November 2019 when 84,708 sales were recorded.
Year to date (YTD) however shows that sales are still well down on 2019, with 978,628 sales last year, whilst 2020 has recorded 821,316 so far.
How Unique is My Drive?
Audi RS 5
It’s pretty likely that you’ll be aware of the enormous number of brand names out there in the market place. The mass consumer goods industry is a huge area of vibrant buying madness, and it’s all about choice and variety – isn’t it? Who is supplying the different brands and goods served onto our own dinner tables? Who is supplying the different brands and goods that we choose to wear for clothing? Who is supplying the different brands of fuel for our cars? Who is supplying the different brands of cars that we buy?
Level 2, 9 Help Street