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Finding The Right Used Car For Your Teenager

Okay, you’re thinking of buying a car for your driving- age teenager, and with the price of new cars climbing you’ve decided on getting one that’s pre-owned.

These tips will help steer you towards a used car that fits the bill without breaking your budget.

� The first step is to determine how the car will be used by the teen. If it’s for commuting or trips to college and back, then gas mileage and comfort may be your biggest considerations. With gas prices high, fuel economy is an important consideration.

� Make a list of some vehicle safety features you’re looking for. For example, are you interested in anti-lock brake systems and integrated seat belt systems?

�?Before you start shopping, set a budget for how much you want to spend. Research a few models that meet your criteria and price range. The Web sites and offer pricing information and comprehensive advice on buying a used car.

� Obviously, finding a safe and reliable vehicle for your teen is top priority. The Carfax Safety and Reliability Report allows you to view the auto industry’s leading used-car safety ratings, reliability scores and reviews in one step. The information compiled in these reports can also give some good general advice.

� Now you’re ready to start visiting dealers. For any vehicle you consider, ask detailed questions about the vehicle’s performance and history, and request maintenance and inspection records. Also, get a Carfax Vehicle History Report (most dealers will provide reports for free; you just have to ask).

� Always test-drive prospective cars on city streets and highways. This will give you a chance to thoroughly examine the car. Have your teenager drive it if you can. Make sure everything on the car works properly-brakes, gauges, lights, windows and locks. Also have a mechanic you trust check it out.

� In addition to that, you should take a look to make sure the body parts line up, the paint matches, doors open and close easily and the tires show even wear.

� Get a copy of “Finding The Best Used Car,” available from the Federal Consumer Information Center in Pueblo, Colorado ().

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Nissan: No New Models Led To Drop In Profit

Nissan Motor, one of the top three Asian rivals—- together with Toyota the producer of Lexus brake pads and Honda, has recently announced that its profit dropped for the third consecutive quarter due to a decline in the domestic demand. Japan?s third largest automaker has been able to sell fewer light trucks in the US while paying more in taxes.

Nissan?s net income fall by 16 percent to ?92.3 billion or $765 million for the previous three months this year ended June 30 from ?110.2 billion a year earlier.

The reason why Nissan sold few vehicles domestically is because of the aging population, add to that the absence of new car models. While the sales of large vehicles fell due to the ever increasing prices of gasoline which reached $3 a gallon.

According to Takashi Aoki, a fund manager at Mizuho Asset Management, “Dropping domestic sales are pulling results down, while a worsening product mix worries me. As only the cheap cars like the Versa and Sentra seem to be selling well.”

Last year Nissan?s Chief Executive Officer Carlos Ghosn have scrapped the bonuses that are to be given to top executives including himself since the automaker has failed to reach its target not to mention profit fell for the first time in seven years.

Nissan has also not introduced any new car model in the domestic market for the last 16 months in which on the same period Toyota has introduced 11 new or redesigned models while Honda introduced three. Ghosn said that Nissan need to improve if it wants to remain competitive. He also added that the automaker should released new models on a more regular basis.

Last April, Ghosn has relinquished the supervision of North American operations giving him more time to focus in improving the performance of Nissan and Renault. The French vehicle manufacturer owns 44.3 percent of Nissan.

Three months inclusive June 30, Nissan together with Toyota and Honda has been able to benefit from the 5.3 percent drop in the value of the yen against the dollar. The yen dropped by 11.7 percent against the euro.

The company has also recap its full-year forecast stating that it will introduce 11 new or redesigned vehicles for this fiscal year. It also predicts that its new models will help in boosting net income by 4.2 percent higher than the ?480 billion forecasted in the 12 months ending next March.

Revenue is also seen to fall by 1.6 percent to ?10.3 trillion this fiscal year since the total for the earlier year was for 15 months sales in Europe and Mexico according to the company as it changed to accounting to a fiscal year. The carmaker?s operating profit for the quarter has also dropped by 3.2 percent to ?148.4 billion while vehicle sales increase by 5.9 percent to 875,000.


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