Report: Owners Leasing Cars May Be Able to Make a Profit

With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.

All a would-be lessee needs to do is buy the car from the dealer and sell it on privately. The dealer gets the residual amount and the former lessee pockets a tidy sum.

Take the example of a 2008 Volvo XC90. With more than twelve months left on the lease, the dealer’s buyout price was a quoted US$18,500. Compare this to the amount the lessee was likely to get by selling the car privately: a far more substantial US$27,000. That’s a profit of US$8,500!

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China Opens World’s Longest Ocean Bridge Measuring 26 Miles in Length! [with Videos]

China opened today to the public not just one or two, but amazingly four of the world’s longest over-sea bridges. Three of the bridges are part of the Beijing-Shanghai High Speed Railway, which made its maiden trip today.

This project began in 2008, cost around US$33 billion and employed approximately 10,000 workers. It is expected to carry double the number of passengers than before (80 million versus approximately 40 million), whilst also reducing the time it takes to make the journey from 10 to less than 4 hours!

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Kia Hooks its Belgium CEO up to a Lie Detector to Dispel Doubts About 7 Year Warranty

If there’s one thing South Korea’s Kia does better than any other automaker, it is offering especially long warranties. In Belgium, for instance, the warranties across their entire range of vehicles extend to seven years.

That’s no mean feat, though intriguingly Kia Belgium have found that a lot of new car buyers believe the seven year warranty scheme is too good to be true. Either there’s a catch, or it doesn’t cover all Kia models, or there’s some extra charges that need to be paid first.

To counteract these rumours, and gain some additional customers, Kia Belgium hooked its General Manager Benoit Morrene up to a polygraph (lie detector) and let the general public ask him questions in an online, streamlining environment.

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Ford to Baby Boomers: We Get that You’re Old and Feeble and Can’t Read Small Fonts

*This article has been (patronizingly) posted in a larger-than-normal font for our older readers

From next year, the fonts in Ford’s Edge and Explorer SUV models will be some 40% larger as well as thicker. The reason? Baby Boomers have poor eyesight. No, really, Ford’s done a study and everything. The bigger fonts will extend to interior display screens control and A/C controls, and will gradually be rolled out onto other models in the Ford range in coming years.

In a statement on their website, Ford expressed its desire to make it, “easier for people of all ages, particularly aging Baby Boomers, to read display fonts.” Ah, like the little boy or girl who flat-out tells his grandparents that they’re old and wrinkly, Ford has snagged upon that babying / slow and loud way anyone under the age of 30 speak to anyone over the age of 50:

“YES, MRS. JOHNSON. THE WEATHER IS NICE TODAY. DO YOU THINK YOU’LL GO DOWN TO THE PARK?”

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Missing Link Tries to Climb Tree with Honda Chopper [Video]

Take a good look at the picture posted above. Now raise your hand if you know what’s going to happen next. If the first thing that popped into your head was that the tree is going to fall down, well, let's just say that you may want to see if this cultural motorcycle club is accepting new members.

If your thoughts involved a flying chopper inflicting a lot of pain to the biker, give yourself a pat on the back and head over the jump for a few good laughs.

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Drunk, Asleep and Driving a Car? The Curious Case of Dr. Donald Clegg

Donald Clegg, a 59-year old doctor from Prestwich in the UK was four times over the legal limit when he crashed his Vauxhall Zafira into a row of parked cars. He was also sleepwalking at the time and attired in a dressing gown and slippers…

Dr. Clegg pleaded guilty to driving over the limit “without due care and attention” and was sentenced to a minimum 12 month driving ban, a fine of £650 and was ordered to pay £315 in court fees and charges. The court rejected that Dr. Clegg’s sentence should be suspended due to his somnambulism (somncogoism?).

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BMW Takes Leading Car Role in New “Mission: Impossible – Ghost Protocol” Film with i8 Concept and 6-Series

Tom Cruise’s return for another impossible mission as Ethan Hunt also marks the BMW Group’s return to Hollywood, as the Bavarian automaker will be the main automotive partner in the fourth installment of the Mission Impossible franchise.

BMW’s product placement in the “Mission: Impossible - Ghost Protocol” film comes in the form of the concept version of the upcoming i8 Hybrid Coupe, the Vision EfficientDynamics study while the latest 6-Series Convertible will also play a role in the movie.

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