Lease or Buy?
Posted January 29, 2017 1:54 AM
Lease? Or buy? These are the options for Burlington drivers. It's always a tough question for auto owners, but here is some info that'll help you make an informed decision.
If you buy, you'll pay the full cost of the vehicle, maybe an initial down payment, monthly payments on the balance that pays down the loan principal, and the finance charge.
Burlington drivers who lease finance the portion of the cost of the vehicle that's used up during the term of the lease. You'll pay some money up front: fees, security deposit, first month's payment and maybe a capital reduction. The monthly payments include a depreciation cost and a finance charge. When the lease is up, you return the vehicle to your local Burlington area dealership.
So how do Burlington drivers decide?
First, how much do you have for a down payment? A lease usually requires a smaller down payment.
How much monthly payment can you afford? Again, lease payments will be much lower for any given down payment.
A lease needs requires better credit, so that's a factor.
How long will you keep the vehicle? Burlington drivers who keep their vehicles around for a while will pay less if they buy. But just two or three years? Then leasing is the way to go.
If your car might suffer a ding or two, like a work truck would, then buying's better. The auto leasing company will want their vehicle back at the lease end in tip top shape, and if repairs are needed, you'll pay.
How far do you drive in and around the Burlington area? Important to consider because leases have a mileage limit; if you go over, you pay a hefty charge per mile/kilometer when the lease is up. So high mileage ON drivers should definitely buy.
Will the car be used in your business? Check with your accountant, but both financing options have different tax benefits, depending on your circumstances.
Over the short term, leasing is much cheaper. Medium term, leasing and buying costs are about the same. Over the long haul, leasing always costs more.
Leases may sound a bit complicated, and the typical lease decision weighs more on the monthly payment rather than price. So sometimes Burlington leasers may pay on a higher purchase price than a buyer would.
Here is a tip: If the salesman asks if you'll be leasing or buying, say you're not sure yet. Make your best deal, then look at your financing options.
Here's another: With a buy or a lease, if you total the vehicle, you'll owe the full amount of the loan, or the balance of the lease payments. Usually, it's less than the vehicle's fair market value, and that's all your ON auto insurance company will pay. But ask your Burlington agent about gap insurance, which pays the difference between fair market value and what you owe. Big consideration for a lease.
Remember, you have to return your leased vehicle in excellent condition and may need to do all the vehicle manufacturer's recommended service and maintenance or face penalties. So see your local advisor at your Burlington auto repair shop or Corporate Autoworks on a regular basis, get the required work done and save the service records. It's well worth it.
Corporate Autoworks
5195 Harvester Rd. Unit#1
Burlington, ON L7L 6E9
905-333-9201
http://www.corporate-autoworks.com
All Lined Up: Wheel Alignment Service at Corporate Autoworks
Posted January 22, 2017 10:50 AM
When all of your vehicle's wheels are lined up exactly with each other, your wheels are in alignment. Hitting a road hazard or even just the normal bumps and bounces of everyday driving in Burlington can cause your vehicle's wheels to be out of alignment.
Driving for an extended time around Burlington when your wheels are out of alignment results in uneven tire wear. This is dangerous … and expensive. Worst case scenario, you have a blowout on a crowded ON highway. It can also cause premature wear to your suspension system, which can be really expensive to repair. At the very least, you may have to replace your tires years too early.
The ideal alignment for your vehicle was designed by its engineers. Alignment service at Corporate Autoworks starts with an inspection of the steering and suspension – to see if anything's bent or broken. Then your friendly and knowledgeable Corporate Autoworks technician will look at tire condition.
From there, the vehicle is put on an alignment rack and an initial alignment reading is taken. The wheels are then aligned to vehicle’s specifications.
Your vehicle owner's manual probably has a recommendation for how often your alignment should be checked – usually every couple of years. If you suspect an alignment problem, get it checked at Corporate Autoworks before you suffer expensive tire or suspension damage.
Corporate Autoworks
5195 Harvester Rd. Unit#1
Burlington, ON L7L 6E9
905-333-9201
http://www.corporate-autoworks.com
Water Pump
Posted January 16, 2017 10:50 AM
Your cooling system is very important. It circulates coolant through the radiator and your engine to protect your vehicle from overheating. There are five main components to the cooling system:
- the radiator
- the radiator cap
- the hoses
- the thermostat
- the water pump
The water pump's like the heart of your cooling system, circulating the fluid throughout your vehicle. It's a small pump that's driven by the engine; usually by belt, but sometimes by a chain or gear.
The water pump only operates when the engine's running. Water pump failure is pretty routine. We see it often at Corporate Autoworks. Some start failing at around 40,000 miles/64,000 km, but most fail by 100,000 miles/160,000 km. Consult your owner's manual or friendly and knowledgeable service advisor at Corporate Autoworks to see what's recommended.
Since a water pump either works or it doesn't, you need to change it when it fails. Water pumps fail in one of two ways: the bearings fail or they begin to leak. It's possible to have a leak from a cracked water pump, but it usually leaks at the gasket where it attaches to the engine.
So how can Burlington drivers tell when the water pump is failing? If you can hear a low-pitched grinding sound coming from the water pump, it's got a problem. If you can see coolant in that area, you've got a leak.
Some water pumps are driven off the timing belt. They might be under a plastic cover so you can't see the water pump. Look for coolant on the driveway. If you see some, have Corporate Autoworks check it out.
Most timing belts need to be changed at 60,000 miles/97,000 km – some longer. It's a good idea to change your water pump at the same time if it's one of those that's driven off the timing belt. To start with, 90% of the work's already done with the timing belt change. And if you don't and develop a leak later, you'll have to change the belt again along with the water pump because the belt will have been contaminated by the leaking coolant.
Corporate Autoworks can replace a failed water pump with a brand spankin' new one or with a rebuilt pump. Rebuilt will save you some money, but ask your service advisor at Corporate Autoworks what he thinks. Don't feel too bad if your water pump gives out. They will all wear out eventually. We can get you back on the road and on with your life.
Corporate Autoworks
5195 Harvester Rd. Unit#1
Burlington, ON L7L 6E9
905-333-9201
http://www.corporate-autoworks.com
Severe Service Requirements
Posted January 8, 2017 5:32 AM
A lot of Burlington drivers have asked whether or not they should use their severe service maintenance schedule, which is listed in their vehicle's owner's manual. It can be somewhat confusing, so we decided to consult an expert. Cricket Killingsworth is from QMI/Heartland, a manufacturer of automotive products and fluids. She's been in the automotive business for over 30 years and is a speaker, a trainer and a writer.
Cricket says there's so much confusion on this topic because, "Most owner's manuals actually have two maintenance schedules. Sometimes these are called 'regular service' and 'severe service.' Sometimes they're simply called Schedule 1 and Schedule 2. A severe service schedule recommends that things like an oil change, air filter replacement and transmission service be done more often: either in fewer miles or in less time."
Foreign and domestic vehicle manufacturers create a specific schedule for each vehicle they manufacture. So there isn't one generic schedule that applies to all vehicles. In addition to your owner's manual, Burlington automotive repair centers (including Corporate Autoworks) subscribe to information services that provide the auto maintenance schedules for every vehicle - so they can help Burlington drivers know when to take care of needed services. Below is a typical definition for severe service.
- Most trips are less than four miles/six and a half kilometers
- Most trips are less than 10 miles/16 km and outside temperatures are below freezing
- You drive regularly in very hot ON weather
- The engine is at low speed most of the time (not on the freeway)
- Stop and go driving
- You drive in in dusty or muddy conditions
- You routinely tow a trailer, haul heavy loads or carry a car-top carrier around Burlington
It's common sense for Burlington drivers: Just a few minutes at higher speeds allows the moisture in the oil to evaporate. Very short trips, or trips of less than 10 miles when it's very cold, don't allow the engine to heat up enough to get rid of the water. And water in the oil leads to damaging sludge. Also, towing and heavy loads raise operating temperatures and cause fluids to break down faster. Dusty and muddy driving around Burlington means that more dirt will get past the air filter to contaminate the fuel system and engine oil.
The bottom line is that you need to decide for yourself if the regular or severe service schedule is right for you, based on your driving habits. Look at your owner's manual or talk with your Corporate Autoworks service advisor who can help you know which schedule to follow.
Here is what a fleet manager said recently: "Since city miles are generally tougher on vehicles than highway miles, we use the manufacturer's severe service schedule as the basis for our preventative maintenance program. We massage those schedules over time, increasing or decreasing the service intervals so that they make the most sense. There is a little bit of art to go along with the science."
Make an honest evaluation of your driving habits. Unless you do mostly ON highway driving in moderate weather, you'll likely have a fairly good amount of severe service mixed in. Some Burlington drivers just want to play it safe and follow the severe service recommendations, rather than analyzing how they drive each month.
Ask us for help evaluating your driving and service needs.
Corporate Autoworks
5195 Harvester Rd. Unit#1
Burlington, ON L7L 6E9
905-333-9201
http://www.corporate-autoworks.com
By the Numbers: Tire Replacement at Corporate Autoworks in Burlington
Posted January 2, 2017 6:31 AMEver notice that your tire is covered with writing? It's like some hieroglyphic art form. Of course, Burlington drivers know that it's not just graffiti, but to most of us, it might as well be. Would you like to know what all those codes on your tire mean? It won't lead you to buried treasure, but it could help you make a better tire purchase at your local Burlington tire store.
Prominently featured on your tire is a set of numbers and letters that looks something like this: 225 50 R 16 92 H. The first number is the width of the tire in millimeters, or the width between the sidewalls of the tire when it is fully inflated and not carrying a load. When Burlington drivers replace tires, they need to match this width number, or the tires won't fit properly in the wheel wells.
The 50 is the aspect ratio of the tire, which is measured by taking the height of the sidewalls and dividing it by the tread width. If you drive off-road around the Burlington area, it should have a high aspect ratio. For high performance on the road, you want a lower aspect ratio.
The R simply means this is a radial tire.
The 92 is the load rating index, or in other words, a rating of how much load a tire can safely carry. If you frequently haul heavy loads around Burlington, you will want a tire with a high load rating.
The last letter in our “code” sequence is the speed rating on the tire. Not all tires have this rating. In general, the closer the letter is to the end of the alphabet, the higher the speed rating. In other words, Z is the highest rating and A is the lowest. One exception: H comes between U and V. Why? Your guess is as good as mine.
If you'd just as soon ignore all of the markings on your tire, that's okay. When you need to replace your tires just ask your friendly and knowledgeable Corporate Autoworks tire professional for his auto advice on the best tires for you and your vehicle. Replacing tires is a standard part of preventive maintenance for Burlington drivers vehicles. We all have to do it sooner or later. And the better we understand what we're buying, the better our vehicle will perform and the safer we will be on ON roads. Good vehicle care is informed vehicle care.
Corporate Autoworks
5195 Harvester Rd. Unit#1
Burlington, ON L7L 6E9
905-333-9201
http://www.corporate-autoworks.com