- Automobili Lamborghini S.p.A. is an Italian brand and manufacturer of luxury sports cars and SUVs based in Sant’Agata Bolognese. The company is owned by the Volkswagen Group through its subsidiary Audi.
- Ferruccio Lamborghini, an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 (56 years ago).
- Motori Marini Lamborghini produces a large V12 marine engine block for use in World Offshore Series Class 1 powerboats. A Lamborghini branded marine engine displaces approximately 8,171 cc (8.2 L) and outputs approximately 940 hp (700 kW).
- A 9,000 square-foot museum about Ferruccio Lamborghini houses several cars, industrial prototypes, sketches, personal objects and family photos from Ferruccio’s early life.
- The world of bullfighting is a key part of Lamborghini’s identity. In 1962, Ferruccio Lamborghini visited the Seville ranch of Don Eduardo Miura, a renowned breeder of Spanish fighting bulls. Lamborghini, a Taurus himself, was so impressed by the majestic Miura animals that he decided to adopt a raging bull as the emblem for the automaker he would open shortly.
- In the mid-1980s, Lamborghini produced a limited-production run of a 1,000 cc sports motorcycle.
Here are interesting facts about the super car “Ferrari”:
- It was founded by Enzo Ferrari in 1939 (80 years ago)
- It was founded out of Alfa Romeo’s race division as Auto Avio Costruzioni, the company built its first car in 1940. However, the company’s inception as an auto manufacturer is usually recognized in 1947, when the first Ferrari-badged car was completed.
- The first Ferrari-badged car was the 1947 125 S, powered by a 1.5 L V12 engine
- Since the company’s beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and sports car racing through its Scuderia Ferrari sporting division
- The famous symbol of the Ferrari race team is the Cavallino Rampante (“prancing horse”) black prancing stallion on a yellow shield, usually with the letters S F (for Scuderia Ferrari), with three stripes of green, white and red (the Italian national colors) at the top.
- The 1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model.
- In 2014 Ferrari was rated the world’s most powerful brand by Brand Finance.
- In June 2018, the 1964 250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million.
Unless you have been saving for a while, buying a new car (or even a pre-owned car that is new to you) will require a car loan. A car loan will finance the purchase for you, allowing you to make regular car payments with interest over a set period of time. Get a car loan by using financing plans at the car dealer or showing up at the dealer with your own approved loan from a financial institution.
Improving Your Chances of Getting a Good Loan
Request a credit report.
Wherever you shop for a loan, the amount of money available to you as well as the interest rate will depend on your credit scores; it is important to know these before you talk to any lenders.
There are three credit bureaus in the U.S.: Equifax, Experian, and TransUnion. All three calculate scores separately and charge a fee to learn your number score. You are entitled to one free report (not including your score) annually, from each of the agencies. You can request this online or reach out to each company by phone:
- Equifax: 800-685-1111
- Experian: 888-397-3742
- TransUnion: 800-888-4213
Request a correction for any mistakes.
If any of your credit reports record debts, late payments, or anything else that lessens your financial reputation, check against your own records and memories. You are free to dispute any false records or those you deem contestable.
All of the credit unions have an option to dispute. Once you have requested a report online, click the “dispute” button. Enter any relevant facts and proof about the things you think are false. The source of that information (i.e. credit card companies, electric/gas providers, etc.) will be sent a notice and will verify your info within 30 days.
Pay off your debts.
Outstanding payments can take many forms: credit card payments; student loans; electric, gas, internet, phone, and water bills; as well as apartment rental fees. With your credit report in hand, identify the various debts you still have and, ideally, pay them off completely. Of course, you may not have the money to do this. Understanding your own personal budget, pay off as much of your debts as possible. Any progress out of debt will be an improvement to your credit score and make you a more attractive borrower to loan lenders.
Establish a place of residence.
Don’t apply for a loan until you have been living in the same place for at least six months. Lenders check addresses and income for all applicants. Those who appear nomadic (moving often) may seem like a poor choice from their perspective.
Establish a stable income.
This is a common mistake for recent graduates, but applies to all loan applicants. Showing that you have a consistent source of income for at least the past six months will also make you a more attractive borrower.
Establish a savings history. Even if it is in small increments, evidence that you can and will consistently save money offers further proof of your financial responsibility. This in turn promotes your likelihood of receiving a loan, because it shows you are also likely to be able to make loan payments.
Take a small portion (5 – 10%) of your monthly income and deposit it in your savings account each time. Over time this will add up and establish your savings history.
Pick a car you can afford.
Keep in mind your credit score and your personal budget. Whether your credit is ‘‘deep subprime’’ (500 and below), ‘‘subprime’’ (501 – 600), ‘‘non prime’’ (601 – 660), or even higher, will affect your choice. For example, with deep subprime credit, if your monthly budget is already slim, then most likely you will want to be looking for a used car. Although it is true new cars often come with lower interest rates, with lower credit scores, you will end up with larger monthly payments that you may not be able to afford.
Online databases like Craigslist, Auto Trader, and eBay Motors are all a good place to begin your search for an affordable car.
Save for a down payment.
Especially for people with subprime credit and below, many loans will entail at least a 10% down payment. It is also possible to trade in other vehicles as down payment, though this may not always be possible. In any case, the more money (or trade value) you present to lenders, the more likely you will be approved.
Prepare the necessary documents.
The main things you will be proving are residency and income. Utility bills, rental agreements, mortgage statements, and in some cases cell phone bills are acceptable proof of residency. Pay stubs, as well as official W-2 or 1099 forms, are most commonly requested to prove income. In the case of food service jobs and other similar positions where much of the income is in cash tips, bring bank statements. If you have been depositing that money, their consistent presence on your bank statements will be reassuring to your lender.
Make sure that your name is printed on all documents.
Documents that are 30 days old or less are preferred.
If you stop making loan payments, repo trucks will come to the address you provide.
Getting Pre-Approved Before Visiting a Dealer
Contact credit unions.
Credit unions are non-profit organizations owned by the members, and are known for offering competitive loan rates.
If you want a car loan with low interest and flexible repayment terms, belonging to a credit union may offer the most attractive option.
Be sure to ask whether they have an approved dealer list. If the car dealer or person you’re doing business with is not included, you will need to look for another lender or perhaps choose a different dealer.
Apply for a car loan through banks.
A car loan from a bank will require better credit and in some cases, a pre-existing banking relationship. Although this option often requires higher credit scores, if you qualify, banks typically offer competitive loan rates.
Inspect the terms and interest rates. The higher credit standards often held by banks usually means they can offer better terms. Use a bank loan only if the interest and payment terms are better than what you find through your other options.
Make sure that the car dealership you are working with is on the bank’s list of approved dealers. Otherwise you will have to find a different lender, or choose another dealer.
Apply through online lenders.
Capital One, Up2Drive, Blue Harbor and other financial institutions offer car financing and often partner with specific dealers to offer low rates on particular cars. Applying online has another advantage because it encourages financial institutions to compete to win you over, and likely will produce a competitive rate.
Be aware that working through online lenders creates the risk of your personal information being shared insecurely. This could lead to you getting contacted by lenders to whom you have no connection. Be safe and check the website with the Better Business Bureau.
Borrow only what you need.
You may have money saved up for a down payment, or you could plan to trade in an old car. Only get a loan for the balance of what your new car will cost.
Before committing to one lender, make sure to contact as many lenders as possible. Compare the interest rates, max amount, and terms of each offer. When looking at loans, you must consider the APR (annual percentage rate) and the term (time period over which it is paid).
Longer terms may seem attractive as they give you more time to pay off a loan. However, depending on the rate you agree upon, a longer term can result in you paying more in interest than you would have with a shorter term.
Cars acquired through long-term loans will build equity more slowly than short-term loans. This means that if you decide to trade-in or sell your car earlier than expected, you won’t earn enough money to pay the remainder of the loan. This is called being upside-down.
Use this outside financing to negotiate with the car dealer.
When you show up with financing already in hand, you are in a strong position to get a better price for the car you want.
See if the dealer can beat the terms for the car loan for which you are already approved. Use your loan as a bargaining chip when you negotiate.
Loaning from a Dealership
Make sure it is your only option.
Car dealerships are notorious for taking advantage of clienteles who come for financing. Before you consider this option, try getting a loan from banks, credit unions, and online lenders. Beware any offers for “spot delivery.”
Dealers offer this before finalizing and signing terms of financing only to force higher rates at a later date. Read the complete wording of any contracts and agreements you sign.
Review state laws surrounding auto financing. In some cases, like Illinois, the dealer is required to return your down payment and/or trade in should they be unable to find financing at the rate stated in your contract.
Find the car’s true value.
Dealers may try to sell cars to you for far more than they are worth. Similarly, they may try to make a profit on auto loans. Talk with your personal bank or credit union for advice on the vehicle’s value. Keep this in mind during negotiations.
Kelley Blue Book and Edmunds both offer helpful search engines as a resource to find used and new cars’ true value.
Come armed with all your credit information.
The first thing the dealer will do when you apply for a car loan is run a credit check. Know where you stand before you apply so they cannot use your ignorance to negotiate a bad deal. Similarly, bring any pre-approved loans you have acquired with you. Your knowledge will be a powerful bargaining tool and protect you against unfair or deceitful business tactics.
Talk to your salesperson about any current deals.
Some dealerships will offer zero percent financing or allow you to skip your first couple of car payments. This will also depend on your credit.
Do the math. Getting your car loan from the dealer means you run the risk of confusing the actual price of the car with what you will pay on a monthly basis after the interest and other financing costs are considered. Be aware of how much you can afford to pay each month, but do not tell the salesperson.
Negotiate for the lowest price on the car with the confidence you gained through researching your credit and other loan options.
Settle on the price of the car when you are negotiating, not the monthly car payment.
Make a down payment or offer a trade-in.
When you obtain your car loan through the dealer, a larger down payment or a valuable trade-in will help you reach better financing terms.
Avoid any scams.
Some dealers will use deceitful tricks to gouge more money from people, or try to include attractive but unnecessary costs in the deal. The most common in car dealerships are the yo-yo trap and upselling.
The yo-yo trap involves offering conditional financing so purchasers can take home their car that day. Days or weeks later, the dealer will call and say the financing won’t go through and you now have to pay a higher interest rate. To avoid this, tell the dealer you won’t accept delivery of the car until financing is final.
Upselling focuses on selling you add-ons like extended warranties and rustproofing during the negotiation of financing. You can purchase any of these things after the fact. Be sure to exclude them from the conversation until financing and car cost are decided in print and signed.
Review the details of your loan in writing.
Make sure you understand the price of the car, associated costs, the amount of your down payment, the interest rate, what your monthly car payment will be, when it will be due and how long until you have the car paid off
The Mercedes a Benz E-Classis a range of executive cars manufacturer by German automaker Mercedes Eben in various engine and body configurations. Produced since 1953, the E-Class falls midrange in the Mercedes line-up, and has been marketed worldwide across five generations.Before 1993, the E in Mercedes-Benz nomenclature was a suffix following a vehicle’s model number which stood forEinspritzmotor(German for fuel injection engine).
It began to appear in the early 1960s, when that feature began to be utilized broadly in the maker’s product line, and not just in its upper tier luxury and sporting models. By the launch of the faceliftedW124in 1993 field injection was ubiquitous in Mercedes engines, and the E was adopted as a prefix (i.e., E 220) and the model line referred to officially as the E-Class (orE-Klasse). All generations of the E-Class have offered either rear wheel drive or Mercedes’4Maticfour-wheel drive system.
Historically, the E-Class is Mercedes a bend bestselling model, with more than 13 million sold by 2015.The first E-Class series was originally available as four-doorsedan, five-doorstation wagon, 2 door coupe and 2 door convertible. From 1997 to 2009, the equivalent coupe and convertible were sold under the Mercedes a Benz CLK-Classnameplate; which was actually based on the mechanical underpinnings of the smaller C-Class while borrowing the styling and some power trains from the E-Class, a trend continued with the C207 E-Class coupe/convertible which was sold parallel to the W212 E-Class sedan/wagon. With the latest incarnation of the E-Class released for the 2017 model year, all body styles share the same W213 platform.
Due to the E-Class’s size and durability, it has filled many market segments, from personal cars to frequently serving as taxis in European countries, as well specials purpose vehicles (e.g., police or ambulance modifications) from the factory.
The first modern mid-size Mercedes was theW120 Pontoon 180of 1953 and was produced till 1962. Sharing its engineering with theR121190 SL of 1955, the Pontoon was a stylish sedan with a fours cylinder engine. A larger-enginedW121 190appeared in 1958.W110 (1961–1968)Main article:Mercedes-Benz W110Mercedes added tailfins to both the bigS-Classand the newW110 Fantail 190of 1962. In the 1965 230 model aStraight-6engine appeared for the first time, and the four cylinder engine grew in displacement.W114, W115 (1968–1976)Main article:Mercedes-Benz W114The mid-size Mercedes was redesigned in 1968 as theW114/W115 ‘Stroke-8”. This time, the 6-cylinder models (The W114s) were most prevalent, with the W115 line making up the bottom of the company’s offerings with four – andfive-cylinderpower.Dieselengines joined the line-up, as did acoupébody.W123 (1976–1986)Main article:Mercedes-Benz W123The popularW123quickly became a bestseller on its launch in 1976. Especially in diesel powered200D and 240D (also the five-cylinder 300D) guises, the cars enhanced the company’s reputation for product quality. Over 2.6 million were produced until the end of production in 1986.Saloon/Sedan, Coupé and Estate body configurations were offered.W124 (1986–1994)Main article:Mercedes-Benz W123TheW124was presented in 1984 and introduced several new standards for a mid-size Mercedes. It was the third car to inherit the company’s new design theme since the late 1970s, following the flagshipW126and compactW201.Similar to its predecessors, the W124 also offered a coupe and estate body styles. A new convertible (internally A124) was also available, making it the first mid-size Mercedes convertible.
The Volvo S90 is amid-size luxury sedan manufactured and marketed by Swedish automaker Volvo Cars since 2016.It’s estate variant is called the Volvo V90.
For the model year of 2017 (the first model year) a short and long wheelbase sedan as well as an estate model were made available. For 2017, the short wheelbase model was sold in North America and Europe, the long wheelbase model was primarily sold in China. Volvo has hinted at possible coupe variants, but not until at least 2020.Beginning with the model year of 2018, the short wheelbase sedan was discontinued, and only the long wheelbase version of the sedan is sold across all markets.
Before its reveal, the first official pictures of the S90 were revealed on Wednesday, 2 December 2015. The S90 was unveiled to the public in January2016, at theNorth American International Auto show in Detroit,Michigan.
The S90’s design was well received, winning the production Car Design of the Year award for 2015.While not a direct successor to the second generation S80, the S90 replaces it as the flagship sedan in Volvo’s lineup. Several trim levels are available, ranging from momentum to inscription. in July 2016 an optional, cosmetic redesign package was announced. A long wheelbase version was announced and is available in the United States.
For the model year of 2017, a special stretched version of the S90 was made in China, primarily for that market.It is stretched by 12 cm (4.7 in) behind the b pillar.This initial Chinese variant was not badged as “S90L”.For the model year of2018, this long wheelbase S90 was introduced in the United States and Europe (the short wheelbase S90 was discontinued only in United States and Europe).In the Middle East, the short wheelbase still persist in models of 2015
The S90 is only available with 2.0 litre, four cylinder petrol and diesel engines from theVEA family(drive). The more powerful petrol engines are compound charged, as is the plugin hybrid variant called theT8.
The D5 diesel engine features Volvo’s new power pulse technology that is designed to eliminate turbo lag, as well as an i Art injection system.
Volvo was founded upon the concept of safety in 1927 in Gothenburg, Sweden. The company was created as a subsidiary company100% owned busks(Swedish:Sven ska Kill agenda token).Assad Gabriel’s son was appointed the managing director(CEO) and Gustav Larson as the technical manager.
The trademark Volvo(which is Latin for ‘I roll’) was first registered by SKF on 11 May 1915 with the intention to use it for a special series of ball bearing for the American market but it was never used for this purpose (however in the application for the trademark, it was also designated for the purpose of automobiles). The skt trademark as it looks today was used instead for all the SKF products. Some preserves of Volvo a bearings stamped with the brand name ‘Volvo’ were manufactured but never released to the market, and it was not until 1927 that the trademark was used again, now as a trademark and company name for an automobile.
.The first Volvo car left the assembly line on 14 April1927, and was called Volvo Öv 4. After this the young company produced closed top and cabriolet vehicles, which were designed to hold strong in the Swedish climate and terrain. In the registration application for Volvo logotype in 1927, they simply made a copy of the entire radiator for ÖV4, viewed from the front.
Presented in 1944 the Volvo PV444 passenger car only entered production in 1947. It was the smallest Volvo yet and was to take the lion’s share of Volvo production, as well as spearheading their move into the profitable American market. The first Volvos arrived in the United States in 1955, after hardware wholesaler Leo Hirsch began distributing cars in California. Later, Texas was added, and in 1956, Volvo themselves began importing cars to the US. North America has consistently provided Volvo with their main outlet since..In 1963, Volvo opened the Volvo Halifax Assembly plant, the first assembly plant in the company’s history outside of Sweden, in Halifax, Nova Scotia, Canada.]In 1964, Volvo opened it’s total and a plant in Sweden, which currently is one of its largest production sites (chiefly large cars and SUVs).Then in 1965, the Ghent, Belgium plant was opened,which is the company’s second largest production site.
This was also Volvo’s first location producing cars within the European Economic Community.
In 1989, the us decal lapping in Sweden was opened, which was jointly operated by Volvo Car Corporation and pin in farina Serifs a from 2005 to 2013.
Volvo’s longtime CEOPehr G. Gyllenhammarsaw early on that Volvo was too small to survive in the future, and attempted several times to merge with other manufacturers. Volvo nearly merged with Saab in the late seventies, while in 1978 an aborted affair would have seen the Norwegian state take over 40 percent of the company. In return, Volvo would receive 200 millionSEKand a ten percent concession in theOseberg oil field. Major institutional actors in Sweden opposed the deal and blocked it
.A deal to merge with Renault was blocked in 1993, mainly opposed by a Swedish stockholders’ association.A collection of Volvo’s most important historical vehicles are now housed in the Volvo Museum, which opened in a permanent location in Arendal atHisingenon 30 May 1995.For several years, the collection had been housed at the Blue Hangar, at the then closedTorslanda Airport.
In the early 1970s, Volvo acquired the passenger car division of the Dutch companyDAF, and marketed their small cars as Volvos before releasing the Dutch-builtVolvo 340, which went on to be one of the biggest-selling cars in the UK market in the 1980s.1986 marked a record year for Volvo in the US, with 113,267 cars sold. The appearance of Japanese brands like a furan flex island the growing popularity of Subaru station wagons in subsequent years meant the loss of a significant market share for Volvo, one which they have never regained.In 1999, Volvo Group decided to sell its automobile manufacturing business in order to concentrate on commercial vehicles, and to buy a 5% stake in Japanese automaker Mitsubishi Motors(with which Volvo Group along with the dutch government had participated in a joint venture at the formerDAFplant inborn,Netherlands since 1991). Ford saw advantages in acquiring a profitable prestige mid-size European automobile manufacturer, well renowned for its safety aspects, as an addition to its Premier Automotive Group. The buyout of Volvo Cars was announced on 28 January 1999,and in the following year the acquisition was completed at a price of US$6.45 billion. As a result of the divestiture, the Volvo trademark was used by two separate companies:*.Volvo Group a manufacturer of trucks, buses and construction equipment (among others) owned by Swedish interests*.Volvo Car Corporation or Volvo Cars – a manufacturer of automobiles owned by ford Motor company Volvo Group completed its 5% deal with Mitsubishi in November 1999, but sold its stake back to Mitsubishi Heavy Industries in March 2
Cristiano Ronaldo buys world’s most expensive car
Cristiano Ronaldo’s appetite for super cars is insatiable, and now reports have surfaced that the five time ballon d’Or winner has added yet another master engine to his multi-million garage.
It is understood the Juventus star has purchased the one-of-a-kind Bugatti La Voiture Noire that was first presented at the 2019 Geneva International Motor Show. The Bugatti La Voiture Noire at the Geneva International Motorshow 2019.
La Voiture Noire – French for “the black car” — was unveiled as the main event for the French company at this year’s Motorshow. While the final price is yet to be confirmed, Bugatti disclosed that the car was bought for £9.5 million estimated at £14.4 million including tax.
According to Mirror UK, Ronaldo has bought the unique Bugatti priced at an eye-watering 14.4million, making it “the most expensive new car of all time”. Can’t touch this! Cristiano Ronaldo buys world’s most expensive car
Credit: Mirror UK
The superior machine has six exhaust pipes, illuminated lettering and an 8.0-litre turbocharged W16 engine that can reach up to 420 kph on a good day. Bugatti confirmed reports that their one-off model now had an owner and all fingers point at that owner being the Portuguese football star.
Earning around 26m per year, the footballer has enough financial muscle to do so and his love for Bugatti is something hawk-eyed.
However, Ronaldo will not be able to drive the car until 2021 as the company is said to be still finalising and making some few touches on the prototype.
The former Real Madrid star’s garage is said to include a Ujn Ferrari 5999 GTO, a Lamborghini Aventador LP700-4, a Mercedes Clase C Sport coupe and a Rolls Royce Phantom. He also owns a Mclaren MP4 12C, a Bentley Continental GT and an Aston Martin DB9.