University Nissan of Boone, North Carolina is a family-owned car dealership located in the Appalachian Mountains. We have a great selection of new Nissan vehicles as well as used cars, trucks, vans and SUVs. We also have a full service department with great, low prices.
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Tuesday, November 23, 2010
ASU gets #1 Seed
Appalachian State University's Mountaineer Football Team has earned its spot as No. 1 Seed in the FCS Playoffs.
This News Topic article is presented to you by University Nissan of Boone, NC (A New & Used Car Dealer). To read the full article, please follow this link: ASU gets No. 1 seed in FCS Playoffs
Lowe's Donates to ASU Solar Decathlon
"Lowe's Companies Inc. and the Lowe's Charitable and Educational Foundation have contributed $350,000 to Appalachian State University's Solar Decathlon 2011 Project."
To read the full Mountain Times article, please follow this link provided to you by University Nissan of Boone, NC (a new and used car dealer): ASU solar project receives gift from Lowe's
Hickory Boy Scouts Collect $17,000 in Food for Charity
"Boy Scouts in Catawba County collected 31,511 pounds of food from residents as part of an annual food drive last weekend. The food was distributed to local food pantries."
Thursday, November 18, 2010
New Nissan Murano Convertible
First Look: 2011 Nissan Murano Cross Cabriolet
November 15, 2010
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When Nissan first announced it would build a convertible version of its Murano crossover, heads were scratching all over the industry. Well at least Nissan can say it has created 'the world's first all-wheel drive crossover convertible.' Um, congratulations? Behold, the 2011 Nissan Murano Cross Cabriolet.
Here's a snippet from Nissan about its new creation:
The world's first all-wheel drive crossover convertible, delivers the open-air exhilaration of a convertible while extending the versatility of the Murano in exciting new ways. With room for four adults, space for golf bags or luggage (even with the top down), and a premium level interior, the Murano CrossCabriolet represents a breakthrough in concept and design. Set to go on sale in early 2011.
Why would Nissan build such a random iteration of its much-loved Murano?. It's a move designed to attract attention and entice new buyers to the brand.
Admittedly, Nissan's product planners don't expect the new Murano CrossCabriolet to sell in droves.
"It's not going to be a volume car," said Brian Carolin, senior vice president for Nissan sales and marketing, in a recent Automotive News interview. "But there's a degree of bravery for us to bring out a car like that right now. It will surprise a lot of people."
The two-door is said to be the world's first all-wheel drive crossover convertible. It melds the "sophistication of a sedan" with the "utility of a sport utility," says Carolin, and of course, the fun of driving a convertible.
Engineers faced numerous feats when creating the CrossCabriolet. Rigidity had to be upped to compensate for the loss of its B-pillars, so the A-pillars gained significant reinforcement. To keep the standard model's profile, the cabrio's two doors are 7.9 inches longer than the standard Murano's front doors. Its canvas roof (available in either black or light brown) employs a glass window for improved longevity. And despite the new configuration, aerodynamic efficiency remains tidy at 0.39 Cd compared to the Murano's 0.37 Cd.
As there will only be one trim level when it goes on sale early next year, exterior features are generous. From HID bi-xenon headlamps and LED taillights, to fog lights and body colored bumpers and facades, the CrossCabriolet will arrive at dealerships plentifully equipped. Twenty-inch split five-spoke wheels cloaked in a titanium finish tuck under each of the bulbous fenders. The model's six colors include Sunset Bronze, Caribbean, Merlot, Platinum Graphite, Super Black, and Pearl White.
It's the same fully equipped story inside. Three leather colors -- black, cashmere, and camel -- can be had in a diagonal quilt pattern with double stitching. Half-matte chrome and wood finishes can be specified as well. A heated steering wheel and front seats, Nissan Hard Drive Navigation System, Bose audio system, and Bluetooth arrive standard.
This article is presented to you by University Nissan of Boone, NC --A New and Used Car Dealer. To Read more about the New Convertible Nissan Murano, Follow this Link: http://www.motortrend.com/auto_shows/los_angeles/2010/1011_2011_nissan_murano_cross_cabriolet/index.html#ixzz15fJdBcxk
See additional pictures at NissanUSA.com
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Wednesday, November 17, 2010
Art for the Animals of the Gulf --Charity Event
The event will take place Friday, November 12, at 7:00 p.m. at St. Luke’s Episcopal Church in Boone. Tickets will be sold at the door for a suggested donation of $7 per person.
To read the full High Country Press article please follow the link: Art for the Animals of the Gulf
This article is Presented to You by University Nissan of Boone, NC--A New and Used Car Dealer.
Tuesday, November 16, 2010
Breitenstein Returns Home to Play Against ASU
Boone Native Eric Breitenstein Returned to his Hometown with his Wofford Teammates to Play Against ASU Last Saturday. ASU was victorious at The Rock with a score of 43-13.
To read the full High Country Press article please follow the link: Breitenstein Returns Home to Play Against ASU
This article is presented to you by University Nissan in Boone, NC--a new and used car dealer.
Hickory Teen Selected to be in Macy's Parade
Fred T. Foard High School Freshman Mary McKenzie was selected to be a Cheerleader in the Macy's Thanksgiving Day Parade in New York City by the Universal Cheer Association.
To read the full Hickory Daily Record article please follow the link: Area teen selected to be in Macy's Thanksgiving Day Parade
This article is presented to you by University Nissan in Boone, NC--a new and used car dealer.
Tuesday, November 9, 2010
Watauga High School's Got Jungle Fever: Homecoming 2010
Watauga High School’s Got Jungle Fever: Homecoming 2010
By: Katy Cook
By: Katy Cook
The Jungle came to life at the new Watauga High School this past week as the students listened to the call of the wild and readied themselves for Homecoming. Spirit Week included daily themes where the students were able to get creative and dress up to show their school spirit.
Monday- Twin Day
Tuesday- 80's Workout
Wednesday- Mystical
Thursday- Jungle Fever
Friday- Class Day
Seniors- Toga
Juniors- Lights Out
Sophomores- Comfy
Freshmen- Duct Tape
Tuesday- 80's Workout
Wednesday- Mystical
Thursday- Jungle Fever
Friday- Class Day
Seniors- Toga
Juniors- Lights Out
Sophomores- Comfy
Freshmen- Duct Tape
On Friday, the Homecoming parade rumbled from Horn in the West down through downtown Boone. Onlookers were able to see Mayor Loretta Clawson, Grand Marshal Leigh Wallace, the homecoming court, and various floats dedicated to clubs. Candy was shared with the spectators lining King Street and the Watauga High School Marching Band provided music. The parade was short, but sweet and exciting and packed full of school spirit!
That night, the Homecoming game was held at ASU’s Kidd Brewer Stadium due to technical difficulties with the light system at WHS. Seniors Cam Haas and Jessie Nash were named Homecoming King and Queen and were crowned during half-time. The Pioneers lost their Homecoming game to Alexander Central of Taylorsville, NC 0-20, but their school spirit continued to shine.
The Homecoming Dance wrapped up a thrilling week on Saturday evening. It marked the first school dance to be held at the new Watauga High School. The students dressed up for a night of fun and dancing in a gym that looked like a page straight out of The Jungle Book. All in all, the 2010 Homecoming Week was a huge success and the students were finally able to unleash their wild side on the new Watauga High School.
This Article is Presented to You by University Nissan of Boone North Carolina.
Wooly Worm Predicts Winter Weather
The Man Vs. The Worm
Concord resident Cole Peurifoy, 5, holds Woolly Worm Jack, this year’s winter weather predictor. According to Jack’s stripes, snow is expected through the holidays into late January; severe cold and snow is expected at the end of winter.
Weather Guru Ray Russell, Woolly Worm Jack Predict Winter Weather
Russell, the founder of the site, transformed a hobby into something about 250,000 people read per month for their weather news—and now, his 10th Winter Fearless Forecast has been released, prepping the public for a winter that many are hoping will not be as harsh as last year.
As famous as Russell’s forecast is, however, he has a competitor: Woolly Worm Jack, the winner of the races at the Woolly Worm Festival held this month in Banner Elk.
How do the two forecasts compare? While both predict snow and temperatures common to winter, there are key differences.
The areas on the western upslope of the Appalachians—those right along the Tennessee and Virginia state line—may have relatively more snow than the rest of the Southern Appalachians. This is because more of the snow is expected to come from Northwest flow events, which is different than last year, when most of the snow came from Gulf and Nor’Easter lows.
Boone is expected to see 32 inches of snow and ice; Banner Elk, 38 inches; and Beech Mountain, 75 inches.
To put that into perspective, last year, Boone saw 83.6 inches of snow and ice, and Beech Mountain saw 134.3 inches, according to www.raysweather.com. “The first thing that anybody looks at that’s doing seasonal forecasting is the ocean temperature,” Russell said. “The oceans are the great storehouses for heat and energy on the planet.”
This involves analyzing the state of El Niño and La Niña—and strong La Niña conditions exist now and are said to hold through the winter, which are characterized in the Southern Appalachians by drier-than-normal weather with temperatures slightly above normal.
“Then the thing that’s harder is looking into the Atlantic,” he said. “It’s harder because that changes more frequently than the Pacific and is less predictable long term in that regard. It’s a lot of looking at patterns and looking at how the weather tends to behave, especially in oceans.”
Russell also looks at polar ice conditions and current weather trends.
How confident is Russell with his forecast?
“In terms of less-than-normal snow and warmer temperatures, we have higher-than-normal confidence,” Russell said. “In terms of what side of normal it’s going to be on, we’re highly confident in that.”
The Fearless Forecast is independent of other seasonal forecasts such as the National Oceanic and Atmospheric Administration and international forecast services, but is in general agreement with them, he said.
To read the entire forecast, click to www.booneweather.com/Fearless+Forecast.
Beginning in the last week of January, there will be a bit of a warming trend; the first week of February will see a change with possible ice. The cold will continue through March, which is expected to see less-than-normal temperatures; the weeks leading to the spring equinox on March 20, 2011 will see the winter close with lots of snow.
To read Jack’s winter predictions, click to www.woollyworm.com.
Banner Elk....................................38 inches
Beech Mountain............................75 inches
Boone............................................32 inches
Hickory..........................................7 inches
Jefferson and West Jefferson.........24 inches
Lenoir............................................7 inches
Morganton.....................................8 inches
Sparta............................................22 inches
Spruce Pine...................................20 inches
Sugar Mountain............................68 inches
Waynesville..................................14 inches
Wilkesboro...................................10 inches
1........................................Black......................................................Cold & Snow
2........................................Black......................................................Cold & Snow
3........................................Black......................................................Cold & Snow
4........................................Black......................................................Cold & Snow
5........................................Dark Brown With a Black Spot.............Possible Ice Storm
6........................................Brown....................................................Cold
7........................................Brown....................................................Cold
8........................................Brown....................................................Cold
9........................................Brown....................................................Cold
10......................................Brown....................................................Cold
11......................................Brown....................................................Cold
12......................................Black......................................................Severe Cold & Snow
This Article is Presented to You By University Nissan of Boone, North Carolina: A New and Used Car Dealer.
Concord resident Cole Peurifoy, 5, holds Woolly Worm Jack, this year’s winter weather predictor. According to Jack’s stripes, snow is expected through the holidays into late January; severe cold and snow is expected at the end of winter.
Weather Guru Ray Russell, Woolly Worm Jack Predict Winter Weather
Story by Anne Baker
Concord resident Cole Peurifoy, 5, holds Woolly Worm Jack, this year’s winter weather predictor. According to Jack’s stripes, snow is expected through the holidays into late January; severe cold and snow is expected at the end of winter.
It’s something many High Country residents will think at least once during the coming winter: what kind of snowman will we see on Ray Russell’s site, www.raysweather.com? Russell, the founder of the site, transformed a hobby into something about 250,000 people read per month for their weather news—and now, his 10th Winter Fearless Forecast has been released, prepping the public for a winter that many are hoping will not be as harsh as last year.
As famous as Russell’s forecast is, however, he has a competitor: Woolly Worm Jack, the winner of the races at the Woolly Worm Festival held this month in Banner Elk.
How do the two forecasts compare? While both predict snow and temperatures common to winter, there are key differences.
The Fearless Forecast
Raysweather.com predicts less-than-normal snow and overall temperatures about 1 degree above normal.The areas on the western upslope of the Appalachians—those right along the Tennessee and Virginia state line—may have relatively more snow than the rest of the Southern Appalachians. This is because more of the snow is expected to come from Northwest flow events, which is different than last year, when most of the snow came from Gulf and Nor’Easter lows.
Boone is expected to see 32 inches of snow and ice; Banner Elk, 38 inches; and Beech Mountain, 75 inches.
To put that into perspective, last year, Boone saw 83.6 inches of snow and ice, and Beech Mountain saw 134.3 inches, according to www.raysweather.com. “The first thing that anybody looks at that’s doing seasonal forecasting is the ocean temperature,” Russell said. “The oceans are the great storehouses for heat and energy on the planet.”
This involves analyzing the state of El Niño and La Niña—and strong La Niña conditions exist now and are said to hold through the winter, which are characterized in the Southern Appalachians by drier-than-normal weather with temperatures slightly above normal.
“Then the thing that’s harder is looking into the Atlantic,” he said. “It’s harder because that changes more frequently than the Pacific and is less predictable long term in that regard. It’s a lot of looking at patterns and looking at how the weather tends to behave, especially in oceans.”
Russell also looks at polar ice conditions and current weather trends.
How confident is Russell with his forecast?
“In terms of less-than-normal snow and warmer temperatures, we have higher-than-normal confidence,” Russell said. “In terms of what side of normal it’s going to be on, we’re highly confident in that.”
The Fearless Forecast is independent of other seasonal forecasts such as the National Oceanic and Atmospheric Administration and international forecast services, but is in general agreement with them, he said.
To read the entire forecast, click to www.booneweather.com/Fearless+Forecast.
The Woolly Worm
Woolly Worm Jack, trained by 5-year-old Cole Peurifoy of Concord, begins his predictions starting with the winter solstice on Tuesday, December 21. Based on the width and order of the caterpillar’s black and brown stripes, cold and snowy weather is expected through the holidays and into late January.Beginning in the last week of January, there will be a bit of a warming trend; the first week of February will see a change with possible ice. The cold will continue through March, which is expected to see less-than-normal temperatures; the weeks leading to the spring equinox on March 20, 2011 will see the winter close with lots of snow.
To read Jack’s winter predictions, click to www.woollyworm.com.
Ray’s Expected Snow and Ice Totals
Asheville.......................................11 inchesBanner Elk....................................38 inches
Beech Mountain............................75 inches
Boone............................................32 inches
Hickory..........................................7 inches
Jefferson and West Jefferson.........24 inches
Lenoir............................................7 inches
Morganton.....................................8 inches
Sparta............................................22 inches
Spruce Pine...................................20 inches
Sugar Mountain............................68 inches
Waynesville..................................14 inches
Wilkesboro...................................10 inches
Woolly Worm Jack’s Week-by-Week Predictions
Week Number Body Segment Color Forecast1........................................Black......................................................Cold & Snow
2........................................Black......................................................Cold & Snow
3........................................Black......................................................Cold & Snow
4........................................Black......................................................Cold & Snow
5........................................Dark Brown With a Black Spot.............Possible Ice Storm
6........................................Brown....................................................Cold
7........................................Brown....................................................Cold
8........................................Brown....................................................Cold
9........................................Brown....................................................Cold
10......................................Brown....................................................Cold
11......................................Brown....................................................Cold
12......................................Black......................................................Severe Cold & Snow
This Article is Presented to You By University Nissan of Boone, North Carolina: A New and Used Car Dealer.
New Nissan Leaf Coming to University Nissan in Boone
Look, Ma: No Tailpipe!
All-Electric, Zero-Emissions LEAF Sparks Excitement for Area Nissan Dealer
Story by Jason Reagan
As the world’s oil supplies dwindle into their autumn years, a new LEAF could soon create a windfall for a local auto dealer.
University Nissan in Boone hopes to soon flick the switch for onsite pre-orders of Nissan’s anticipated LEAF all-electric hatchback. The zero-emissions car, projected to be able to travel 100 miles on a full charge, will be available for sale in the U.S. around December 2010.
“It’s a major game changer both for the auto industry and for Nissan,” University Nissan owner Chris Welborne said.
“It will be the first [mass-produced] 100 percent all-electric, affordable vehicle—no gas, no tailpipe,” he added.
The Boone dealership still has to make a few facility upgrades before being certified by Nissan, which will then allow them to take pre-orders directly at the dealership. But Manager John Cook says local interest is very high.
“It’s not so much people walking in store. I get stopped in public, and lots of people ask about the LEAF,” he said, adding potential customers can pre-order now by clicking towww.nissanusa.com/leaf-electric-car.
“I think folks in the High Country will see the value in the future of our environment,” Welborne said, adding that Nissan now has more than 20,000 pre-orders for the LEAF.
Discussing the LEAF’s 100-mile range, Cook noted that studies show 95 percent of all motorists drive less than 100 miles per day on average.
Every LEAF will come equipped standard with a trickle charger that will fill up the battery in 20 hours from a standard household plug. However, Cook said owners would also have to buy a home docking station to be installed in a garage or other location near the car’s regular parking spot.
The charging station—priced at $2,200—will charge the LEAF to full capacity in eight hours, and the price can be rolled into the vehicle’s sale price.
Finally, Cook said the federal government will be installing charging stations across the country in the coming months, as will several national retailers like Starbucks, making a cross-country trek a reality.
These stations can “fill ‘er up” in 30 minutes.
Just how much do zero emissions cost?
Cook estimates an overnight home charge at low-demand electric rates would cost about $3. Multiplied by the federal government’s estimated annual days of car use—255—yields a total annual fuel cost of $765.
“The cheapest energy available to anyone right now is electricity,” Cook said.
But will the Electric Hatchback That Could take the High Country’s curves, hills and mountains?
Cook says the LEAF drives like any other compact car and can reach speeds of up to 90 mph. In order to demonstrate its versatility, Nissan is featuring a cross-country promotional tour.
Not only will it behave better than a standard gas-guzzler, Cook said the LEAF project represents a new public-private partnership.
“What’s special about the LEAF is that Nissan and the federal government have joined together to build the battery plant in Tennessee,” he said. “So the car will be 100-percent built in America.”
After government expenses, Cook estimates the LEAF will cost about $25,000 but is expected to list at around $32,000 before incentives.
“All across the world, this is the next big thing for our automotive future,” Welborne said. “All auto brands are working hard to keep up.
“It is here for good.”
For more information about local LEAF sales, click to UniversityNissan.com.
University Nissan in Boone hopes to soon flick the switch for onsite pre-orders of Nissan’s anticipated LEAF all-electric hatchback. The zero-emissions car, projected to be able to travel 100 miles on a full charge, will be available for sale in the U.S. around December 2010.
“It’s a major game changer both for the auto industry and for Nissan,” University Nissan owner Chris Welborne said.
“It will be the first [mass-produced] 100 percent all-electric, affordable vehicle—no gas, no tailpipe,” he added.
The Boone dealership still has to make a few facility upgrades before being certified by Nissan, which will then allow them to take pre-orders directly at the dealership. But Manager John Cook says local interest is very high.
“It’s not so much people walking in store. I get stopped in public, and lots of people ask about the LEAF,” he said, adding potential customers can pre-order now by clicking towww.nissanusa.com/leaf-electric-car.
“I think folks in the High Country will see the value in the future of our environment,” Welborne said, adding that Nissan now has more than 20,000 pre-orders for the LEAF.
Discussing the LEAF’s 100-mile range, Cook noted that studies show 95 percent of all motorists drive less than 100 miles per day on average.
Every LEAF will come equipped standard with a trickle charger that will fill up the battery in 20 hours from a standard household plug. However, Cook said owners would also have to buy a home docking station to be installed in a garage or other location near the car’s regular parking spot.
The charging station—priced at $2,200—will charge the LEAF to full capacity in eight hours, and the price can be rolled into the vehicle’s sale price.
Finally, Cook said the federal government will be installing charging stations across the country in the coming months, as will several national retailers like Starbucks, making a cross-country trek a reality.
These stations can “fill ‘er up” in 30 minutes.
Just how much do zero emissions cost?
Cook estimates an overnight home charge at low-demand electric rates would cost about $3. Multiplied by the federal government’s estimated annual days of car use—255—yields a total annual fuel cost of $765.
“The cheapest energy available to anyone right now is electricity,” Cook said.
But will the Electric Hatchback That Could take the High Country’s curves, hills and mountains?
Cook says the LEAF drives like any other compact car and can reach speeds of up to 90 mph. In order to demonstrate its versatility, Nissan is featuring a cross-country promotional tour.
Not only will it behave better than a standard gas-guzzler, Cook said the LEAF project represents a new public-private partnership.
“What’s special about the LEAF is that Nissan and the federal government have joined together to build the battery plant in Tennessee,” he said. “So the car will be 100-percent built in America.”
After government expenses, Cook estimates the LEAF will cost about $25,000 but is expected to list at around $32,000 before incentives.
“All across the world, this is the next big thing for our automotive future,” Welborne said. “All auto brands are working hard to keep up.
“It is here for good.”
For more information about local LEAF sales, click to UniversityNissan.com.
Tips to Help You Understand Financing Your Car
Most consumers need financing to buy a car. The most common type of car financing is financing obtained through, or from, a dealership. Most dealership financing involves a contract with the dealer. Consumers also may arrange for their own loan over the Internet or directly from a finance company, bank, or credit union. This article explains dealership financing and can serve as a guide as you evaluate your own financial situation before you finance a new or used car.
RESEARCH TO DO BEFORE YOU ARRIVE AT A DEALERSHIP
• Determine how much you can afford.
• Get a copy of your credit report so you are aware of what creditors will see. Any negative information can affect your ability to get credit and/or your finance rate. And if there are any errors, you can have it corrected or removed from your report. Information about how to contact the major credit bureaus is included at the end of this brochure.
• Find out your credit score.
• Identify the type of car you need.
• Check buying guides, the Internet, and other sources to find out the price range and other information for the car you want to buy.
• Compare current finance rates being offered by contacting various banks, credit unions, or other lenders. Compare dealer quotes and non-dealer quotes; there may be restrictions on the most attractive rates or terms from any credit source.
NEGOTIATING THE FINANCING WITH THE DEALER
You and the dealer determine the interest rate on your contract. The dealer may earn additional income when your contract interest rate is higher than the rate the finance company is willing to accept.
• You may negotiate the interest rate on your contract with the dealer and the terms for payment, just as you negotiate the price of the car.
This negotiation can occur before or after the dealership accepts and processes your credit application.
• Your dealer may be able to provide special manufacturer offers, such as reduced interest rates or cash back on certain models. You may see these specials advertised in your area. Make sure you ask your dealer if there are any special financing offers or rebates for the model you want to buy.
AFTER COMPLETING THE PURCHASE
• Be aware that if you financed the car, the bank, finance company, or credit union that holds the contract has a lien on the car until you pay the contract in full.
• Make your payments on time. Late or missed payments incur late fees and affect your
ability to get credit in the future.
IF YOU ENCOUNTER FINANCIAL PROBLEMS
• Talk to your creditors if you experience difficulties making your monthly payments. Explain your situation and the reason your payment will be late. Work out a repayment schedule with your creditors and, if necessary, seek the services of a non-profit creditcounseling agency.
• Know your obligations. If you fail to make your payments as agreed, a creditor or assignee may have the right to repossess and sell your car to pay off any outstanding balance on your account. If the car is sold for less than what is owed, you may be responsible for the difference.
FEDERAL LAWS THAT GOVERN DEALERSHIP FINANCING
Truth in Lending Act – requires that, before you sign the contract, creditors give you written disclosure of important terms of the contract such as APR, total finance charges, monthly payment amount, payment due dates, total amount being financed, length of the contract and any charges for late payment.
Equal Credit Opportunity Act – prohibits discrimination related to credit because of your gender, race, color, marital status, religion, national origin or age. It also prohibits discrimination related to credit based on the fact that you are receiving public assistance or that you have exercised your rights under the federal Consumer Credit Protection Act. The ECOA also gives you the right to receive written notice of the reasons you are denied credit if your application is rejected.
For more information on federal credit regulations and consumer rights, contact:
Federal Trade Commission
Washington, DC 20580
Phone: (877) FTC-HELP (382-4357)
Web site: www.ftc.gov
• Determine how much you can afford.
• Get a copy of your credit report so you are aware of what creditors will see. Any negative information can affect your ability to get credit and/or your finance rate. And if there are any errors, you can have it corrected or removed from your report. Information about how to contact the major credit bureaus is included at the end of this brochure.
• Find out your credit score.
• Identify the type of car you need.
• Check buying guides, the Internet, and other sources to find out the price range and other information for the car you want to buy.
• Compare current finance rates being offered by contacting various banks, credit unions, or other lenders. Compare dealer quotes and non-dealer quotes; there may be restrictions on the most attractive rates or terms from any credit source.
NEGOTIATING THE FINANCING WITH THE DEALER
You and the dealer determine the interest rate on your contract. The dealer may earn additional income when your contract interest rate is higher than the rate the finance company is willing to accept.
• You may negotiate the interest rate on your contract with the dealer and the terms for payment, just as you negotiate the price of the car.
This negotiation can occur before or after the dealership accepts and processes your credit application.
• Your dealer may be able to provide special manufacturer offers, such as reduced interest rates or cash back on certain models. You may see these specials advertised in your area. Make sure you ask your dealer if there are any special financing offers or rebates for the model you want to buy.
AFTER COMPLETING THE PURCHASE
• Be aware that if you financed the car, the bank, finance company, or credit union that holds the contract has a lien on the car until you pay the contract in full.
• Make your payments on time. Late or missed payments incur late fees and affect your
ability to get credit in the future.
IF YOU ENCOUNTER FINANCIAL PROBLEMS
• Talk to your creditors if you experience difficulties making your monthly payments. Explain your situation and the reason your payment will be late. Work out a repayment schedule with your creditors and, if necessary, seek the services of a non-profit creditcounseling agency.
• Know your obligations. If you fail to make your payments as agreed, a creditor or assignee may have the right to repossess and sell your car to pay off any outstanding balance on your account. If the car is sold for less than what is owed, you may be responsible for the difference.
FEDERAL LAWS THAT GOVERN DEALERSHIP FINANCING
Truth in Lending Act – requires that, before you sign the contract, creditors give you written disclosure of important terms of the contract such as APR, total finance charges, monthly payment amount, payment due dates, total amount being financed, length of the contract and any charges for late payment.
Equal Credit Opportunity Act – prohibits discrimination related to credit because of your gender, race, color, marital status, religion, national origin or age. It also prohibits discrimination related to credit based on the fact that you are receiving public assistance or that you have exercised your rights under the federal Consumer Credit Protection Act. The ECOA also gives you the right to receive written notice of the reasons you are denied credit if your application is rejected.
For more information on federal credit regulations and consumer rights, contact:
Federal Trade Commission
Washington, DC 20580
Phone: (877) FTC-HELP (382-4357)
Web site: www.ftc.gov
Federal Reserve System
Washington, DC 20551
Phone: (202) 452-3693
Web site: www.federalreserve.gov
STATE LAWS
Some state laws may provide you with additional rights. For information on these laws, contact your state’s consumer protection agency or Attorney General’s office (Web sites: www.naag.org or www.consumerlaw.org ).
Washington, DC 20551
Phone: (202) 452-3693
Web site: www.federalreserve.gov
STATE LAWS
Some state laws may provide you with additional rights. For information on these laws, contact your state’s consumer protection agency or Attorney General’s office (Web sites: www.naag.org or www.consumerlaw.org ).
GETTING YOUR CREDIT SCORE AND A COPY OF YOUR CREDIT REPORT
You can get a free copy of your credit report with your credit score once each year by contacting the following: Website:www.annualcreditreport.com
Phone: (877) 322-8228
You can also obtain your credit information by contacting one of the three major credit bureaus or the Fair Issac Company:
Equifax Credit Information Services
P.O. Box 740241
Atlanta, GA 30374-0241
Phone: (800) 685-1111
Web site: www.equifax.com
Experian
P.O. Box 2104
Allen, TX 75013-2104
Phone: (888) 397-3742
Web site: www.experian.com
TransUnion, LLC
P.O. Box 1000
Chester, PA 19022-1000
Phone: (800) 888-4213
Web site: www.transunion.com
Fair Isaac Company www.myfico.com
REMEMBER…WHEN VISITING THE DEALERSHIP
• Stay within the price range that you can afford.
• Negotiate your finance arrangements and terms.
• Consider carefully whether the transaction is best for your budget and needs.
• Understand the value and cost of products like extended service contracts, credit insurance, or guaranteed auto protection, which are not required. If you don’t want these products, don’t sign for them.
• Read the contract carefully before you sign. You are obligated once you have signed a contract.
• Don’t sign documents that are blank or are missing information about the terms of your purchase.
• Don’t drive off the lot in the car you are buying until you’ve completed the financing process.
KNOW THE KEY TERMS BEFORE YOU SIGN
Amount Financed – The dollar amount of the credit that is provided to you.
Annual Percentage Rate or “APR” – The cost of credit for one year expressed as a percentage.
Assignee – The bank, finance company, or credit union that purchases a contract from the dealer.
Credit Insurance – Insurance that pays the scheduled unpaid balance if you die or scheduled monthly payments if you become disabled. As with most contract terms, the cost of optional credit insurance must be disclosed in writing, and, if you want it, you must agree to it and sign for it. This insurance is not required.
Down Payment – An initial amount paid to reduce the amount financed.
Extended Service Contract – Protection on specified mechanical and electrical components of the car that supplements the warranty coverage that may be provided; this protection is not required.
Finance Charge – The cost of credit stated as a dollar amount.
Fixed Rate Financing – The finance rate remains the same over the life of the contract.
Guaranteed Auto Protection (GAP) – Protection that pays the difference between the amount you owe on your car and the amount you receive from your insurance company if the car is stolen or destroyed before you have satisfied your credit obligation. This protection is not required.
Monthly Payment Amount – The dollar amount due each month to repay the contract.
Negotiated Price of the Vehicle – The purchase price of the car agreed upon by the buyer and the dealer.
Variable Rate Financing – The finance rate varies and the amount you must pay changes over the life of the contract.
You can get a free copy of your credit report with your credit score once each year by contacting the following: Website:www.annualcreditreport.com
Phone: (877) 322-8228
You can also obtain your credit information by contacting one of the three major credit bureaus or the Fair Issac Company:
Equifax Credit Information Services
P.O. Box 740241
Atlanta, GA 30374-0241
Phone: (800) 685-1111
Web site: www.equifax.com
Experian
P.O. Box 2104
Allen, TX 75013-2104
Phone: (888) 397-3742
Web site: www.experian.com
TransUnion, LLC
P.O. Box 1000
Chester, PA 19022-1000
Phone: (800) 888-4213
Web site: www.transunion.com
Fair Isaac Company www.myfico.com
REMEMBER…WHEN VISITING THE DEALERSHIP
• Stay within the price range that you can afford.
• Negotiate your finance arrangements and terms.
• Consider carefully whether the transaction is best for your budget and needs.
• Understand the value and cost of products like extended service contracts, credit insurance, or guaranteed auto protection, which are not required. If you don’t want these products, don’t sign for them.
• Read the contract carefully before you sign. You are obligated once you have signed a contract.
• Don’t sign documents that are blank or are missing information about the terms of your purchase.
• Don’t drive off the lot in the car you are buying until you’ve completed the financing process.
KNOW THE KEY TERMS BEFORE YOU SIGN
Amount Financed – The dollar amount of the credit that is provided to you.
Annual Percentage Rate or “APR” – The cost of credit for one year expressed as a percentage.
Assignee – The bank, finance company, or credit union that purchases a contract from the dealer.
Credit Insurance – Insurance that pays the scheduled unpaid balance if you die or scheduled monthly payments if you become disabled. As with most contract terms, the cost of optional credit insurance must be disclosed in writing, and, if you want it, you must agree to it and sign for it. This insurance is not required.
Down Payment – An initial amount paid to reduce the amount financed.
Extended Service Contract – Protection on specified mechanical and electrical components of the car that supplements the warranty coverage that may be provided; this protection is not required.
Finance Charge – The cost of credit stated as a dollar amount.
Fixed Rate Financing – The finance rate remains the same over the life of the contract.
Guaranteed Auto Protection (GAP) – Protection that pays the difference between the amount you owe on your car and the amount you receive from your insurance company if the car is stolen or destroyed before you have satisfied your credit obligation. This protection is not required.
Monthly Payment Amount – The dollar amount due each month to repay the contract.
Negotiated Price of the Vehicle – The purchase price of the car agreed upon by the buyer and the dealer.
Variable Rate Financing – The finance rate varies and the amount you must pay changes over the life of the contract.
Monday, November 8, 2010
Nissan Leaf Electric Vehicle
First Look: Nissan Leaf Electric Vehicle
The first mass-produced, relatively affordable electric vehicle will be available at the end of 2010.
By Jacob Gordon of TreeHugger
The Nissan Leaf, an all-electric 5-door hatchback, can travel 100 miles on a charge and will go on sale in five U.S. markets at the end of 2010.
Going on looks alone, you might not notice anything radically different about the Nissan Leaf — a compact hatchback with bubbly eyes and a mellow demeanor. It could just as well be next year's Versa. But driving the Leaf is something truly different — for your accelerator foot and your environmental footprint.
Unveiled in its final form in early August, the Leaf has no gas tank, no spark plugs, no tailpipe. Even the lever that puts the car into drive can't properly be called a gearshift, since there are no gears.
When it goes on sale at the end of 2010, the Leaf will be the first affordable, fully electric car meant to satisfy the needs of the everyday driver, not just the gated-community retiree or eco-martyr. An advanced battery will deliver up to 100 miles of range, and a high-tech quick-charger can return it to 80 percent capacity in a half-hour.
Driving Electric
Nissan hasn't exactly been handing out Leaf test drives. In fact, when Nissan President and CEO Carlos Ghosn drove the car to the podium for the big unveiling, it was his first time behind the wheel of this diminutive vehicle. We were, however, invited to Yokohama, Japan, to test a car equipped with the same drivetrain as the Leaf. While developing the Leaf's complex technology, Nissan modified several of its European-market Tino hatchbacks as "mules" for just this test drive. We were assured that driving these test cars mirrors the experience of the final product. Consequently, we jumped at the chance to pilot this significant vehicle.
Nissan hasn't exactly been handing out Leaf test drives. In fact, when Nissan President and CEO Carlos Ghosn drove the car to the podium for the big unveiling, it was his first time behind the wheel of this diminutive vehicle. We were, however, invited to Yokohama, Japan, to test a car equipped with the same drivetrain as the Leaf. While developing the Leaf's complex technology, Nissan modified several of its European-market Tino hatchbacks as "mules" for just this test drive. We were assured that driving these test cars mirrors the experience of the final product. Consequently, we jumped at the chance to pilot this significant vehicle.
Taking the all-electric car around Nissan's Yokohama test track was a beautiful feeling. The car accelerates with smooth strength, and though there is no engine roar — just the swoosh of air and hum of the road passing underneath — it is satisfying, especially when launching from a standstill. Once cruising, the car doesn't offer much in additional punch, which is a disappointment after the initial power spike; however, the overall handling is responsive and fun.
Granted, this mule is no high-torquing EV sports car such as the Tesla Roadster or Fisker Karma, so you won't need to visit your chiropractor after snapping your neck back. Thank goodness, because this is an EV that some of us might actually be able to afford. All in all, the performance is great, but in a modest sort of way.
Under the Hood (and Floor)
The Leaf's small but spunky AC motor is what gives the vehicle its spring — the electric power plant offers 80 kW of power (107 horsepower) and 280 Nm (206 lb-ft) of torque. But the secret sauce is not the motor — it's in the battery. Only recently have advances in lithium technology made batteries sufficiently light, cheap and energy-dense that companies such as Nissan are willing to take the mass-market plunge. Nissan has been developing electric cars for about 17 years, but only now thinks it can satisfy American drivers, who have some of the longest average daily commutes in the world.
The Leaf's small but spunky AC motor is what gives the vehicle its spring — the electric power plant offers 80 kW of power (107 horsepower) and 280 Nm (206 lb-ft) of torque. But the secret sauce is not the motor — it's in the battery. Only recently have advances in lithium technology made batteries sufficiently light, cheap and energy-dense that companies such as Nissan are willing to take the mass-market plunge. Nissan has been developing electric cars for about 17 years, but only now thinks it can satisfy American drivers, who have some of the longest average daily commutes in the world.
The car's battery is made up of 48 individual laminated modules, each about the size of a TV dinner tray. Together, they carry a capacity of 24 kilowatt hours and a total power output of 90 kW. These manganese-based lithium-ion packs are stacked at different heights under the car's seats and floor so they don't encroach on cabin space.
The time it takes to charge the Leaf will vary depending on the power source, and Nissan knows that charge time can be a deal breaker with consumers. Under a hatch on the car's nose are two plugs: one a high-voltage quick-charger; the other for charging at home or at lower-voltage public stations.
Charging up at home from a 200-volt AC plug (the type most clothes dryers use) will take around eight hours, while a DC quick-charger can bring the car up to 80 percent capacity in 30 minutes. The home charging unit is only about the size of a shoebox; the quick-chargers — which Nissan wants to see installed by municipalities for public use — are the size of a gas pump and cost between $300,000 and $500,000 each.
A touch-screen display will show a map of how far the Leaf can travel on its current state of charge, as well as the location of charging stations.
Inner Space
The Leaf is a 5-seat hatchback. Like most in its class, three in the back will be a tight fit. Up front, however, things are spacious and well laid out. Behind door No. 5, the trunk is slim but the bottom drops deep.
The Leaf is a 5-seat hatchback. Like most in its class, three in the back will be a tight fit. Up front, however, things are spacious and well laid out. Behind door No. 5, the trunk is slim but the bottom drops deep.
A large touch-screen display is the focal point on the EV's dash. Superimposed on a GPS map, an illuminated circle shows how far the Leaf can go on its current state of charge. A global computer server will provide a constantly updated series of icons showing the location of charging stations and the voltage of each. Nissan engineers expect that future versions of the software will also show if a charging station is in use and how long before it becomes available for the next use.
When the Leaf is plugged in, it will continue to "talk" to the driver via a smart phone. E-mail notifications alert when the battery is full, and charging can be scheduled for specific hours to take advantage of varying electricity pricing. The heater and air conditioning can also be remotely activated using a smart phone. Not just a luxury, this feature helps extend the car's driving range by taking the initial burden off the battery.
Bye-Bye Gas Pump?
The Leaf will go on sale globally in 2012. But by late 2010, Nissan expects to roll it out in Japan, Europe and the U.S. Many of the first cars will go to commercial fleets, but five American markets (Seattle, San Diego, Oregon, Tennessee and the Phoenix/Tucson area) will see consumer sales. In an innovative twist, Nissan hopes to sell the cars but lease the batteries, a strategy meant to quell fears over owning such a new technology and to soften the price shock of the nearly $10,000 component.
The Leaf will go on sale globally in 2012. But by late 2010, Nissan expects to roll it out in Japan, Europe and the U.S. Many of the first cars will go to commercial fleets, but five American markets (Seattle, San Diego, Oregon, Tennessee and the Phoenix/Tucson area) will see consumer sales. In an innovative twist, Nissan hopes to sell the cars but lease the batteries, a strategy meant to quell fears over owning such a new technology and to soften the price shock of the nearly $10,000 component.
Nissan won't be specific about the price of the Leaf, but expects it to fall somewhere between $25,000 and $33,000. A $7,500 federal tax break will also likely apply. Ghosn told the crowd at the unveiling that the monthly cost to lease and charge the battery will be less than what the average driver spends on gasoline each month. We'll see.
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