Car Finance / Fueling Up With Ethanol
Are Flexible Fuel Vehicles the Answer to Our Oil Addiction?America is addicted to oil — at least that's what President George W. Bush said in his 2006 State of the Union address. With the U.S. ranked as the top consumer of oil worldwide, consuming more than three times the second largest oil-consuming country (China), calling it an addiction isn't an exaggeration. During his speech, the president called for the U.S. to reduce its oil imports from the Middle East 75 percent by the year 2025. The commander in chief's so-called Advanced Energy Initiative calls for, among other efforts, increasing ethanol production and putting more flexible fuel vehicles — which can run on either gasoline or ethanol — on the market. Ethanol, a renewable and controversial fuel produced from corn and other crops, is already in more than 15 percent of the gasoline sold in the United States. Most often it is blended with gasoline to produce a fuel that is 5-10-percent ethanol. A small percentage of the 4 million gallons of ethanol currently produced is E85, a blend of 85-percent ethanol and 15-percent gasoline. E85 is the highest ethanol blend that can be run in U.S. market flexible fuel vehicles, also known as E85 vehicles.
Although Henry Ford planned to fuel his early cars with ethanol, we didn't see the first flex fuel vehicles until the mid-1990s. Today, there are over 5 million flexible fuel vehicles that can run on either E85 or gasoline. That number will grow dramatically very soon, thanks to a big push by General Motors and other automakers.
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Inexpensive portable navigation systems and even cheaper smartphone nav applications are making the pricey in-dash systems offered by automakers less attractive to many consumers. But some people prefer in-dash systems because of their larger screens and because they offer more features. Plus, you never have to worry about forgetting an in-dash system at home. Finally, prices for in-dash systems are starting to drop.
Bluetooth is a wireless technology that allows two compatible devices to communicate. In the car, it lets you operate a mobile phone "hands-free," meaning you don't have to hold the device while making or taking a call or performing such functions as accessing the phone's address book. (Of course, you have to use your hands to operate certain Bluetooth features via the vehicle's controls.)
Automotive sound systems are more complex now that portable media players, hard-disk drives and smartphones are along for the ride. But the basic radio/speaker setup hasn't drastically changed, even though more speakers and more amplifier power have been added over the years.
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Sales of Ford vehicles increased 13.3 percent in June compared to the same month last year, and the gain was largely spurred by a strong showing by the carmaker’s Super Duty pickup trucks.
Responsible consumers tend to have all their affairs in order – a steady income, plenty of savings and perhaps even an investment or two on the side. While these things are all positive, they ultimately won't get you approved for an auto loan – for that, you need credit.
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There are certain people who seem to have X-ray vision, who can look at a business and see things that are invisible to other people. I bring this up because I have a friend who spotted something about used cars that I have never heard addressed by anyone else.
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