Cars Are Full of Tech That Gets Outdated Fast — so People are Leasing, Not Buying


Cars Are Full of Tech That Gets Outdated Fast — so People are Leasing, Not Buying
  1. Cars Are Full of Tech That Gets Outdated Fast — so People are Leasing, Not Buying
    hamodia.com
    Buy a smartphone, use it for a couple of years, then ditch it for something new and improved. It’s a life cycle that has become the norm for cellphones. Now,… Read more » The post Cars Are Full of Tech That Gets Outdated Fast — so People are Leasing, Not Buying appeared first on Hamodia. In related news: Understand How Vehicle Leasing Works Before Signing a Deal Cars Without Drivers Scoot Around Nissan Plant, Towing Cars Fuel-Leak Problem Spurs Lexus Recall of Nearly 423,000 …
    Technology

By Jack Flemming

(Los Angeles Times/TNS) - Buy a smartphone, use it for a couple of years, then ditch it for something new and improved.

It’s a life cycle that has become the norm for cellphones. Now, that same short-term relationship is applying to what traditionally has been a long-term commitment: cars.

Instead of buying a vehicle, more Americans are shifting to leasing, which allows drivers to utilize a new or used car for a limited amount of time, typically three years. A report from Edmunds found that leasing volume has skyrocketed this decade — to 4.3 million vehicles in 2016 from 1.4 million vehicles in 2009. Last year marked the seventh consecutive year of lease growth.

Much like new technology is the driving force behind the short life cycle for cellphones, the same forces are now at play with automobiles. In recent years, automakers have started calling themselves technology companies, pointing to big jumps in software innovation that have improved navigation, safety and infotainment systems.

But if you bought a car five years ago, it probably doesn’t possess many, if any, of those features.

“There’s an undeniably increasing sense that, just like how …..a computer becomes obsolete relatively quickly, that’s happening with cars too,” said Karl Brauer, executive publisher at Kelley Blue Book.

Driver-assist features such as automated parking, lane-departure prevention, blind-spot monitoring and advanced cruise control, which analyzes the speed of nearby cars and adjusts accordingly, have made their way into low-priced and luxury cars. Forty-nine automobile brands — including Kia, Honda and Ferrari — now feature Apple CarPlay, which connects an iPhone to the car’s built-in display, enabling a driver to make calls, send texts and listen to music while focusing on the road.

But so far, those features are found in only some car models, and often are priced as extras. Experts say it’ll be a few more years before automakers adopt them as standard — and that more advancements are on the way.

That’s why Nick Hammes, an operations coordinator for Google, signed a three-year lease on a 2017 Ford C-Max Energi last month. The ruby-red hybrid can go 19 miles on its electric battery and almost 600 miles on a full tank of gasoline.

He said buying a car might make sense for him eventually, but he doesn’t want to lock himself into driving a car with 2017 technology in 2027. He’s more than happy with his $283 monthly payment.

“Technological growth in these cars isn’t slowing down, and until it does, it’s less risky to lease,” Hammes, 25, said. “This way, I can see what the landscape looks like in three years.”

Car manufacturers are happy, too, as leasing brings a steady stream of customers into dealerships more often.

Lease payments are calculated based on the car’s cost and are negotiated just as a new-car purchase would be. At the end of the three years, the lease holder drops off the car and starts the process anew.

Leasing is especially popular…

car technology
  1. Petya-like wormable malware: The “Who” and the “Why”

    Securitymiddleeast.com - Technology
    07.25 / 08:06 securitymiddleeast.com
    Late on 27 June, the New York Times reported that a number of Ukrainian banks and Ukrenergo, the Ukrainian state power distributor, had been affected by unidentified malware which caused significant operational disruption. The post Petya-like wormable malware: The “Who” and the “Why” appeared first on Security Middle East…
  2. Iran, Russia in talks on joint production of helicopters

    En.mehrnews.com - Technology
    07.25 / 07:48 en.mehrnews.com
    MOSCOW, Jul. 22 (MNA) – Iran is seeking to export aviation technology to other countries and is currently in talks with Russia on joint cooperation for designing and producing helicopters, Director Iran Aviation Industries Organization (IAIO) said Sa…
  3. MAKS 2017 Air Show in Russia

    En.mehrnews.com - Technology
    07.25 / 07:48 en.mehrnews.com
    TEHRAN, Jul. 23 (MNA) – The massive International Aviation and Space Salon MAKS Airshow is happening at Zhukovsky International Airport outside Moscow, Russia. The show, that runs from July 18-23rd, is one of the most important international airshows in the w…
  4. Sophos XG Firewall rated among Highest Performing Products by NSS Labs

    Securitymiddleeast.com - Technology
    07.25 / 06:06 securitymiddleeast.com
    Sophos (LSE:SOPH), a global leader in network and endpoint security announced that NSS Labs has rated the Sophos XG Firewall as one of the highest performing firewalls in the industry in its most recent Next-Generation Firewall Group Test Report(1) . The post Sophos XG Firewall rated among Highest Performing Products by NSS Labs appeared first on Security Middle…
  5. Securing IoT: Know your Network, Protect your Network

    Securitymiddleeast.com - Technology
    07.25 / 06:06 securitymiddleeast.com
    Do you think about the need to secure IoT? It could be a patient monitor, a security camera or a lighting system; every connection to the network is a potential route for attackers. This is quite a new concept to many, but it’s a very real problem. From 3,100 companies surveyed by HPE Aruba, 84% reported experiencing an IoT-related breach. The post Securing IoT: Know your Network, Protect your Network appeared first on Security Middle E…
  6. First Technology Hardware Accelerator Launched in the Middle East Region: the Brinc-Batelco IOT Hub

    Venturemagazine.me - Technology
    07.25 / 04:06 venturemagazine.me
    Batelco, the Kingdom of Bahrain’s leading digital solutions provider and Brinc, an ultra-hands-on Internet of Things (IOT) hardware accelerator, teamed up to launch its new operation in the Middle East, the Brinc-Batelco IOT Hub. Brinc MENA’s Middle East operation will... The post First Technology Hardware Accelerator Launched in the Middle East Region: the Brinc-Batelco IOT Hub appeared first on Venture Mag…
  7. 101 SEO Tips and Tricks you should know to Grow on the Internet

    Solutiondots.com - Companies
    07.24 / 23:13 solutiondots.com
    The post 101 SEO Tips and Tricks you should know to Grow on the Internet appeared first on…
  8. Challenges on the road to 3D bioprinted organs

    3dprintingprogress.com - Technology
    07.24 / 22:11 3dprintingprogress.com
    In IDTechEx Research's report 3D Bioprinting 2017 - 2027: Technologies, Markets, Forecasts, we predict that the regenerative medicine market has the potential to be the largest application for 3D bioprinting, and that the replacement of damaged and failing organs by 3D bioprinting is not limited to science fiction after all. But how far away is this…
  9. Shopping Online? Think Twice Before Storing Your Card Information

    Hamodia.com - Technology
    07.24 / 22:09 hamodia.com
    As millions of online shoppers can attest, it sure is convenient to let websites store credit- and debit-card numbers so the data can be “auto-filled” on the next visit. But… Read more » The post Shopping Online? Think Twice Before Storing Your Card Information appeared first on Hamodia. In related news: Q&A: Tips for Safe Shopping With Credit, Debit Cards Online Sales Up 14 Percent During Year-End Shopping Season Target: Debit Card PINs Taken, But Were Not Plundered Target …
  10. New Azad Uni. president appointed

    En.mehrnews.com - Technology
    07.24 / 11:46 en.mehrnews.com
    TEHRAN, Jul. 24 (MNA) – Farhad Rahbar has been nominated as the new head of Azad University as Iran’s largest private academic ins…