I have been watching this Chinese car company grow for about a year and a half now, and they are steadily working their way to expansion in the U.S.

I’ve been looking for a new car lately and came across an ‘06 Lexus IS 350 with low miles and it was pretty much loaded. This car should be worth around $30,000, but the car was listed for $9,900. Obviously it was a scam, but I decided to e-mail the guy to mess with him. Here is the transcript:

Scammer: Hello,
The car is in excellent condition. It has never been involved in an accident and it has a clear title. I recently relocated to U.K but the car is in the states. If you proove to be a serious buyer it will be no problem for me to fly there and show you the car. Please email me for any other questions you may have.
I will attach the details and pictures.

Me: Fly over here I have cash in hand right now.

Scammer: Hello,
The price is $9,900.

Me: OK will you fly over here for the payment?

Scammer: Hello,
I can arrange to meet you this Sunday or next week if you decide to buy it. My only request is that you make a safe deposit for the car before I get there. I need a guarantee that I won’t loose my time. We can…

This car has more chrome on 1 square inch than I have at all!

Suzuki has been known to make some hideous concept cars. But it looks like they’ve really got it right with this one:

This car isn’t as expensive as a normal Saleen, but looks better. It’s aimed at the Ferrari 430 and other cars in that range.

Few days ago somebody won an auction for a 2008 BMW M3 on Ebay for $60,000. Minutes after he was confirmed the winner, the dealership–selling the car– gave him a phone call; they told him that the listing price was a mistake and he would not be getting the car. It makes sense why the dealer didn’t want to sell the car to him: The new M3 is so popular that many dealerships have been spiking up the price from $70,000 to over $100,000. This incident has sparked controversy all over the online automotive niche; should he be able to purchase the car with the price he won the auction with? To answer this question let’s talk about contracts.

 
What is a contract? It is an agreement between two entities that is enforceable by law.

There are two types of contracts.

• 1. Bilateral- a promise exchanged for a promise( This incident is a Bilateral one)
  2. Unilateral – a promise exchanged for an act.

There are four requirements to a contract

• 1. There must be an agreement made between two parties
  a. Offer
  b. Acceptance
  2. Must

…

It’s basically styled after cars of the 40’s with the worst modern style incorporated. Green tint?

 
I was listening to the radio today and I heard about Chevy’s promotional deal-60 months with 0% APR on their new cars. So what does this mean financially? Well if you can already have enough money to pay the car full, you shouldn’t; instead, you should pay the minimum down payment and take advantage of that 0% APR by getting financed. This is essentially the future value of money concept.

 
Say the car is $30,000 and you take a loan for the full price; You would be paying 500 dollars for 60 months. If you already had $30,000 you would have $29,500 in the second month, after you pay your first installment. Even at a 3% savings account, you can earn 73 dollars that month(assuming you put $29,500 in savings) . The following month you’ll have 29,000 and earn an interest of $72. After you pay off the car you will have made $2212.

 
Now you earn interest off the interest you make too! For instance, the 73 dollars you make the first month goes back into your savings and you make 11 dollars annually; the total savings on your interest-on the gains from previous paragraph- totals…

These vehicles are basically 3-wheeled motorcycles that are super low and may be a little safer. They’re all very fast, have great handling, and get good gas mileage!

FuelVapor: This one runs on air, getting 92 MPG. Still looks fun!

Campagna T-Rex: This one looks real mean and I’ve seen it in a few rap videos.

Can-AM Spyder Roadster: It looks more like a motorcycle, but still adds something different with a little more stability.

I fell on this picture during my search and had to put it up…it’s Steve Urkel’s car!

The Nissan GT-R ($70,000) has been put to the test against many of the top cars in production and has destroyed the competition. The GT-R was recently put up against the Corvette Z06 ($80,000) and 911 Turbo ($135,000) and beat them each by 5 seconds! It has also been put up against the great 911 GT3 ($125,000) and the new M3 ($56,000).

By the way, it was the second cheapest car on the list…

Pictures of the losers: