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If the owner has "Total Loss Coverage," he or she will have to personally cover the "gap" of $5000, and then receive $5000 toward the purchase or lease of a new vehicle, thereby either reducing monthly payments, in the case of financing or leasing, or the total purchase price in the case of outright purchasing.
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Economy car is a term mostly used in the United States for cars designed for low-cost purchase and operation. Typical economy cars are small (compact or subcompact), lightweight, and inexpensive to both produce and purchase. Stringent design constraints generally force economy car manufacturers to be inventive. [1]
A compulsory car insurance scheme was introduced in the United Kingdom with the Road Traffic Act 1930. This ensured that all vehicle owners and drivers had to be insured for their liability for injury or death to third parties while their vehicle was being used on a public road. [1] Ireland replicated the obligation via the Road Traffic Act ...
In 1949, the Honda Technical Research Institute was liquidated for ¥ 1,000,000, or about US$ 5,000 today; these funds were used to incorporate Honda Motor Co., Ltd. [13]: 21 At about the same time Honda hired engineer Kihachiro Kawashima, and Takeo Fujisawa who provided indispensable business and marketing expertise to complement Soichiro ...
The following is a timeline for Google Street View, a technology implemented in Google Maps and Google Earth that provides ground-level interactive panoramas of cities. The service was first introduced in the United States on May 25, 2007, and initially covered only five cities: San Francisco, Las Vegas, Denver, Miami, and New York City.
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