Saleen S7 Mustang

Saleen S7 Mustang

Saturday, July 24, 2010

Abandoned Luxury Cars?

For many expatriate workers in Dubai it was the ultimate symbol of their tax-free wealth: a luxurious car that few could have afforded on the money they earned at home.
Now, faced with crippling debts as a result of their high living and Dubai’s fading fortunes, many expatriates are abandoning their cars at the airport and fleeing home rather than risk jail for defaulting on loans.

Police have found more than 3,000 cars outside Dubai’s international airport in recent months. Most of the cars – four-wheel drives, saloons and “a few” Mercedes – had keys left in the ignition.
Some had used-to-the-limit credit cards in the glove box. Others had notes of apology attached to the windscreen.

“Every day we find more and more cars,” said one senior airport security official, who did not want to be named. “Christmas was the worst – we found more than two dozen on a single day.”
When the market collapsed and the emirate’s once-booming economy started to slow down, many expatriates were left owning several homes and unable to pay the mortgages without credit.
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How to Go About Buying Your Own Car

­­­Have you ever dreamed of owning your own car? Imagine driving down a tree-lined ­street with the windows down on a sunny day, a warm rush of air streaming through your hair... OK, snap out of your reverie. Before you start mapping out the route to the nearest beach, you just might want to learn some valuable car-buying tips.

Buying a car, whether it's a first-time purchase or not, can seem like a daunting task. You've probably seen your share of car commercials on TV and recall hearing phrases like "down payment" and "APR." Although some of the terminology may seem confusing, once you break it down, buying a car is pretty straightforward. There is certainly a lot of information you need to understand before you run off to your local dealership. But once you know what the acronyms mean and how car financing works, you'll be ready to get the best possible price on the car you've chosen.
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Search is on!

I limited the search to new and street-legal cars. No antique Rolls-Royce Phantoms or rocket-powered flying cars allowed. Still, even with those limitations, I managed to find a car that I wouldn’t be able to afford in a million years. Ladies and gentlemen, behold the Bugatti Veyron.
According to car experts at, the Veyron will run you about $1.5 million. (That’s not counting the trade-in value of your ‘89 Pontiac, FYI.) But, the Bugatti isn’t just about style, although it has plenty of it. In addition to being the world’s most expensive automobile, it’s also one of the fastest and most powerful cars on the planet. Top speed: 252 mph. Horsepower: 1,001 under the hood.
Of course, a $1.5 million dollar car begs the question: What’s the least expensive car on the market today? claims it’s the Hyundai Accent, which retails for around $10,690. True, it won’t go 252 miles per hour, and it has a fraction of the Bugatti’s horsepower. But, on the plus side, you can buy about 140 of them for the same price as one of the Italian supercars.
Back to my beleaguered car for a moment. Anyone know of a quick way to figure out why the hated Check Engine light is on, without having to take the car in to the shop? I’m sure I’m not the only one who would love to know. As always, links are appreciated.
Thanks for reading,


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