Teen Ready to Get Her License - Now What?

Filed Under (Real Life) by admin on 27-06-2008

Well, it happened yesterday. My daughter got her drivers license - passed with a 97, too. On one hand, I’m thrilled for her as I remember the freedom that little card can bring. I’m also scared to death, as I’m fully aware of facts like the following:

  • Auto accidents are the major cause of teenage deaths
  • 16 year olds crash more than any other age group
  • 24% of teen drivers killed in 2003 had a blood alcohol level of .08 or better
  • Two-thirds of those killed were not wearing seatbelts

It helps that I know my daughter - very responsible, good grades in school and I know firsthand that her driving skills are definitely above-average. But, for some added “insurance” my wife and I decided to get her additional training so she wouldn’t be hitting the road as I did over 30 years ago (at 15 and 9 months old), after mostly putting around in parking lots).

We chose MasterDrive mainly because of the positive recommendations we got from other parents. They have a good program that, in conjunction with Colorado Law, will let a teen begin the program at 14-1/2 and be eligible for a learner’s permit at 15, once they have passed the written portion of the test. Part of the training (which costs about $800) is a two-day, closed course classroom/driving school. Kids bring a car and they drive around a course that really lets them feel how a car reacts to certain situations - skids, panic stops, etc. After passing the written portion of the test, the DMV will issue a permit to the young driver and three options for driver training are given. If conditions are satisfied, then they can get a license at 16.

    1. 20 hours of training from a permanent business plus an additional 30 hours of parent-supervised training
    2. 50 hours of training by parent or legal guardian
    3. 6 hours of instruction given by an instructor employed by a state-approved driver training course plus an additional 44 hours of parent-supervised driving.

      We chose option #1because we felt that the additional driving experience will be a big factor in her ability to handle situations that come up in traffic.

      So now I smile, pray & cross my fingers as she motors out the driveway.

      A Gas Saving Device That Really Works

      Filed Under (Boost Your Gas Mileage) by admin on 25-06-2008

      ScangaugeIf you haven’t already figured this out, I’m naturally very suspicious of products that claim to “increase gas mileage” by installing a “device” on your car that performs some kind of black magic that we mortal humans are not to understand - just send in that $49.95 and keep your fingers crossed. Of course, there is no scientific background for most of these devices, and I’ve reviewed a couple of them in detail right here, including the “run your car on water” scams. Imagine my surprise when I read about a device that can actually help you save at the gas pump - not by modifying your car, but by “modifying” you, er, ahem, meaning helping you change your driving habits to get more mpg from your car.

      The Scangauge II is basically a small computer that connects to your car’s OBD II computer (relax - complete instructions are included and the connection is a plug-in) and acts as a readout for the car’s main computer. The real beauty of this device is that it merely displays information that your car’s computer already processes without modifying anything at all. ScanGauge will display;

      • Fuel Economy
      • Fuel Rate
      • Battery Voltage
      • Coolant Temperature
      • Engine Speed
      • Vehicle Speed
      • Many more trip and diagnostic functions

      You can instantaneously see your gas mileage and vary your driving habits as you go - creating new, better habits while you save. You can also input the cost of gasoline and ScanGauge will calculate the cost as you drive

      See the ScanGauge at Amazon for more details and the best price.

      In my humble opinion, the ScanGauge is about the only device that actually has the ability to save you money at the gas pump - by helping you create good driving habits, and not by modifying your car in any way.

      Selling Your Car? Get Top Dollar By Doing This

      Filed Under (selling a car) by admin on 24-06-2008

      Think of the “this” like so: What are the three rules in selling real estate? Location, location, location.  For cars it’s clean, cleaner, cleanest! That’s right - nobody likes a dirty car. Even though you’ve gotten used to the filthy carpets and fogged windows, a prospective customer (or a dealer for trade-in) would probably be offended by your dirt and could look elsewhere. Maybe even lowball you on the price. While you can’t do much if your car is old and tired, you can get rid of the dirt. Here are a few hints that could get a higher price for the old gal for just a few hours’ investment.

      Wash the exterior.

      Duh! This one’s a no-brainer but you’d be surprised at how people ignore this one completely. At the very minimum, take it to a do-it-yourself carwash and use the soap, rinse and hot wax. Squirt inside the wheelwells and clean  all that brake residue off the wheels. Use a chamois to dry the body and prevent spots on the windows. Use a tire cleaner to make the tires gleam.

      Clean the interior.

      First, clean out all of the trash from the car (and from under the seats). Then, remove the floor mats and lay them on the sidewalk or driveway. Put some mild household detergent in a bucket and find something with bristles and proceed to scrub the mats. Rinse thoroughly and leave out to dry. Vacuum the floors and seats. Vacuum anywhere there is loose dirt. Then, get a spray bottle of mild household cleaner and spray all dirty surfaces, scrub until clean. Do clean the steering wheel, dashboard and armrests. If you have a hot-water carper cleaner, clean the carpet. If not, fill a bucket with warm water and mild detergent and scrub away. Make sure the windows are cracked open a bit overnight to make sure the interior dries. Clean all of the windows on the inside. Hint: I like the foamy window cleaner and old newspaper instead of paper towels. Leave no streaks.

      There - that wasn’t so tough. Probably only took you a couple hours and now the car looks great. I’d better let you go - your first lookee-loo is ringing the doorbell!

      Consider Total Cost of Ownership Before You Buy a Hybrid

      Filed Under (Real Life) by admin on 23-06-2008

      This is something I’ve been preaching for years and now some other smart souls out there are finally catching on.

      Now that gas is $4.00 + per gallon in most areas of the country, people in droves are trying to buy hybrid cars (mostly Honda Civic and Toyota Prius) to save at the gas pump. But, Toyota and Honda can’t keep up with demand and now there’s a 6-month waiting list for the Prius. Plus, I’m sure now that a huge demand exists, the dealers who are lucky enough to have a couple in stock will be trying to get as high a price as they can.  I’ve seen a Prius on Craigslist priced at $29,000 - and that ad soon disappeared! Was it sold for anywhere near that amount? Did the buyers realize they could’ve bought a year-old luxury Avalon for $23,000 and driven for six years before their costs equaled that of a Prius*? I’m not saying that hybrid cars are bad - I’m just stating that the facts show they’re a lousy way to save money!

      Heck - I’d even take it a few steps further - buy some Detroit iron from the late ’90’s (Buick, Olds, Ford) for about $4,000, drive the wheels off for a few years and make a big dent in your kid’s college education with the savings!

      The moral of the story? Consider the TOTAL COST OF OWNERSHIP when making a purchase like this.

      *Avalon @ 23 mpg driven 12,000 miles/year = $2088 fuel cost/year ($4.00/gal)

      *Prius @ 44 mpg driven 12,000 miles/year = $1092 fuel cost/year ($4.00/gal)

      Prius @ $29,000 - Avalon @ $23,000 = $6,000

      Let High Gas Prices Spoil Your Vacation Fun? Never!

      Filed Under (Real Life) by admin on 23-06-2008

      Breadline, courtesy Britannica.comWith all of the gloom and doom that passes for “news” reports these days, I can understand why a family would seriously consider canceling the annual vacation. Gas prices outta sight, unemployment worse than the great depression and everybody’s house is now worth a dollar ninety-five. But, is the country ready to go to hades in a handbasket, or are our friends in the professional news business creating overblown hype to sell the news? Before you blow that vacation, consider the these facts (Image courtesy Britannica.com);

      1. 94.5% of Americans (of those who want to work) have a job. People are still buying gas-sucking SUVs and humongous diesel pickups, although not in record numbers, but they’re still buying. Remember, during the actual Great Depression (1929 – 1939), only 75% of the country was employed. And that other 25% really wanted a job – any job. Those people built roads and picked vegetables - by hand. We’re a little more picky nowadays – we import a “man” for those jobs.

      2. Food prices are up, but, contrary to popular belief, no one is starving in the USA. You may be eating out less (or eating at cheaper places), but Americans are still maxing out their daily caloric intake. Stroll through a Wal-Mart on Sunday afternoon if you don’t believe me.

      3. Gas costs 33% more than it did last year. The big news was how fast it rose from $3.00 to $4.00 (and more in some places). So, did you calculate exactly how much extra you’d pay for gas if you drove to the vacation destination? Let’s do some quick math. If you drive 1,200 miles round trip to Wally World for 7 days (and 5 nights) of unparalleled bliss, it will run you $220 for gas if your car gets 22 mpg. How much would it have cost you last year with gas at $3.00/gallon? About $165. Cancel a vacation for a lousy $55? You could save that much by giving up that Starbuck’s double sugar and cream frappucino for only 13.75 days! Give up smoking for 18 days! Eat only beans & rice for two weeks and you’ll have at least a hundred extra bucks in your pocket!

      Life’s too short for all this whining and crying. These are the good old days – let’s enjoy them before it’s really too late.

      China To Decrease Fuel Subsidies

      Filed Under (Special Reports) by admin on 20-06-2008

      Here’s something interesting - China, like many Asian nations, subsidizes fuel costs for its citizens to the tune of about $60 per barrel of oil. I didn’t know that. Read the full story here. After June 19, 2008 - tonight - China will raise gas and diesel prices 18%, and cars are lined up at gas stations for one final cheap fill-up.

      Even the turbocharged Chinese economy is having problems giving away reduced-cost gas. The subsidies are causing unrestrained increases in fuel consumption, as the Chinese government still must buy oil on the free market at today’s rate of $130+/barrel, diverting money from other programs such as recovery efforts from the recent earthquake. Not to mention the havoc that these subsidies are wreaking on world oil prices. It will be interesting to see how the price of oil moves as China cuts these subsidies.

      Even costing 18% more, Chinese gasoline is an incredible bargain, but sooner or later Chinese citizens will be forced to pay market prices for energy as their incredible economic growth slows, as these energy subsidies are making their incredible economic growth unsustainable in the future. What straw will break the Chinese camel’s back? More national emergencies or slowing world consumption of cheap Chinese goods? Either way, China may be in for one heckuva shock someday soon as reality sets in and its citizenry are forced to pay the same price for fuel as most of the rest of the world does.

      Dump The Pump 2008

      Filed Under (Special Reports) by admin on 19-06-2008

      Dump the Pump Colorado Springs MetroDid you know that today is the third annual “Dump the Pump Day?” In honor of skyrocketing gas prices, commuters all across the country are encouraged to use public transportation instead of personal vehicles. With skyrocketing gas prices, ridership is up 15% - 40% in cities like Chicago, Miami and Boston. Most public transportation is subsidized by your tax dollars so if you can ride the bus or subway a few days a week, you can put some of your tax dollars back in your pocket!

      If using public transportation is out of the question for you, there are some things you can do to save a few bucks at the gas pumps, maybe start your own “Pass the Pump”program.

      • Carpool. Is it possible that you and a co-worker (or co-workers) could commute at least once a week to work or school? Even Dagwood Bumstead carpools!
      • Work from home. Does your employer have a “work at home policy?” Even one or two days a week could save you tons per year. If no official policy, it might be worth asking if you’re a trusted, productive employee.
      • Commute during non-peak times. If you’re part of the 8-5 crowd, can you change your work hours to 7 - 3 or 9 - 6? By steering clear of peak rush hour traffic, you’ll get better gas mileage by not spending your time idling in traffic. And, if your city times traffic lights, the reduced off-peak traffic might be light enough to minimize stop-and-go traffic patterns which are real mpg killers.
      • Bring lunch, coffee and snacks to work. Do you hop in your car each day to grab a latte from Starbucks or a burger for lunch? These little trips could be costing you more than you know. Try brown-bagging it and packing a thermos a few times a week.

      It’s Here! Plug In Your Toyota Prius Tonight

      Filed Under (Boost Your Gas Mileage, Special Reports) by admin on 18-06-2008

      Toyota PriusA company called HYMOTION will modify your Prius Hybrid to give you up to 100 miles per gallon for 40 or so miles (meaning mostly battery propulsion).  Hymotion will remove the Prius’ standard battery pack and replace it with an  A123 HYMOTION L5 Plug In Module. All this (and more) for the low, low price of $9995 plus a $400 destination charge. Basically, your Prius will sprout a plug-in on its tail and get super efficient batteries so you can recharge from your home, and turn the car into a complete electric for short periods.

      Some of the high points of the conversion;

      • Turns your HEV (Hybrid Electric Vehicle) into a PHEV (Plug-in HEV)
      • Rechargeable Nanophosphate lithium ion battery that is safer and delivers higher levels of energy than the standard Prius battery
      • Uses standard 120 VAC power grid to recharge
      • Provides 5kWhr of rechargeable energy
      • Provides frequent periods of all-electric driving

      I have to ask the question - will you ever recoup the $10,394? My educated guess is no. $10,000 will take you 50,000 miles in a non-hybrid car that gets 20 miles per gallon, with gas at $4.00/gallon. But, I’m sure that you’ll feel good about yourself by lightening your wallet.  I figure that if you’ve got the cash to burn, it’s probably a better investment than spending $7,300 for a 1996 Geo Metro!

      And, the batteries only come with a 3 year warranty, so will you be spending another 10 grand in 3 years just to keep the thrill of going all-electric for 40 miles per day?

      Unfortunately, if you live in fly-over country (meaning most anything but East & West coast real estate) you may have some difficulty getting the apparatus installed. Installers are located in Los Angeles, San Francisco and Seattle in the West, and Washington D.C. and Boston in the East. Electric car lovers in Minneapolis can get the fix too, but no where else. Don’t fret if you can’t go all electric just yet - Chevy is set to release the super-hybrid Volt by the end of 2010.

      $7,300 for a 1996 Geo Metro - Is This Insane?

      Filed Under (Car reviews) by admin on 29-05-2008

      Yes, you read the headline correctly and, no, I didn’t make a mistake on the price. On May 14, 2008, a 1996 Geo Metro sold on eBay (item #120259722316) for $7,300 (read the full story), about five times the Blue Book price for the car, and only about $2,000 less than new - 12 years ago! Yes, the car can get 44 miles per gallon of gas, but my only question is - what was the buyer thinking?

      Geo MetroMarci Solomon, the buyer of the car, gushes “The Metro is an investment in the future.” It was all about saving money,” she said. “I don’t think gas is ever going to go down, and these are going to be the types of solutions we have to turn to. I wanted to beat the rush.” If this is what she thinks is a good investment, her retirement 401K is definitely in peril. Folks, this is a perfect example of what’s known as “herd” mentality - “describes how people are influenced by their peers to adopt certain behaviors, follow trends, and/or purchase items” (Wikipedia). The focus here is on gas mileage only - sadly, no other factors are even considered. This was an incredible purchase that will most likely never result in any savings, and I can prove it.

      For example, say I bought a 1996 Chevy Corsica with 39,000 miles for $1,930 (KBB price). At $4.00/gal for fuel and 22 mpg, it would cost $2,728 in gas for 15,000 miles. This Geo cost $7,300, gets 44 mpg and uses $1,364 in fuel for the same 15,000 miles, half the amount of the Chevy. Here’s where things get interesting - The Chevy costs a whopping $5,370 less than the Geo and, while it would use twice the amount of fuel, it would take almost 4 years of driving the Geo just to break even ($5,370/$1,364 = 3.94 years), considering the ridiculous purchase price of the Geo! And that doesn’t include the lost opportunity cost of investing the savings for those four years.

      Let’s face it - the Geo was always a bottom feeder, even when new. Cramped, noisy and slow, new car shoppers usually just said “no” when car shopping in 1996, looking to much better designed Hondas, Toyotas and Mazdas to satisfy the small car urge.

      Always consider more than just miles per gallon when shopping for an “economy” car.

      Strategies to Stretch your Fuel Budget

      Filed Under (Boost Your Gas Mileage) by admin on 29-05-2008

      You’ve been behaving yourself on the road - no aggressive driving, obeying speed limits and planning each trip with care. Your car is in tip-top condition, tires inflated, excessive weight removed and all fluids changed at proper intervals. And, your gas mileage has increased noticeably and you’re pleased with the results - so far. The burning question now - is this all you can do to stretch your fuel dollar? Most conventional sources will tell you that all the “low hanging fruit” has been picked, and now you must reach higher (or get a ladder) to keep the harvest in full swing.  Here are some more things you can do now to stretch your fuel dollars even more.

      • Pay for your gas with a cash-back credit card. This could be worth an additional 1% - 5% Credit Cardsavings per year. If you drive 15,000 miles per year and your car gets 20 miles per gallon, you could putting   more than $140 back into your pocket! Of course, paying off your credit card balance every month is a MUST for this strategy. Why not let the credit card companies help you out for a change? Here are some cash back cards to consider.
      • Use a high-flow air filter. In real life, about 95% of all the “gas mileage gadgets” out there do not help to increase miles per gallon. In fact, many do just the opposite - they rob your engine of K&N Air Filterhorsepower and actually decrease your gas mileage. But there are several legitimate products that can help your car get better mileage. One of them is a highly efficient air filter. Since today’s engines (gasoline and diesel) are essentially air pumps, the easier it is for your engine to “breathe,” the more efficient it will be.  The paper filter that’s in your car now is fairly adept at letting clean air through, but you can do better. K&N sells a washable, high-flow filter that has been scientifically proved to increase horsepower and increase gas mileage. They cost a little more than the paper variety, but are reusable and will last far longer. Click here to find one for your car.