Cars and Solar Power

Solar powered cars are already making their way into business plans of many automakers.

A couple benefits from solar-powered vehicles are that they aren’t as loud as a general engine would be because it runs on the sun’s light. They also do not emit greenhouse gases, which can help decrease pollution.

So how does a solar-powered car work exactly?

Energy From The Sun

We see many solar panels sitting out in the sun, and wonder how they are using the sun’s light to create energy.

Photovoltaic cells are used by solar cars to convert sunlight into energy.

  • These solar panels harness energy from the sun and convert it into electricity. As these solar panels are connected to cars, whether placed on top or built into the roof, the power collected can be directed straight to the electric motor of a car, fueling the battery.
  • Within these solar panels, silicon semiconductors absorb the sunlight, freeing and flowing electrons to generate electricity.

Now imagine you have a day or two off of work and you plan on staying home. If you have a solar powered car, you can leave it outside to charge up in the sun during the day. It will be ready to go when you are off to run errands or planning to have a date night.

Though automakers have not made a wide availability of solar panel cars to the public yet for purchase or lease. There is plenty of great hybrid cars available for lease to the public. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit or contact them at 866-SWAPNOW.

Higher Prices, Longer Loans and the Auto Industry

As the economy has slowly recovered from the Great Recession, the auto industry has seen a major increase in auto sales and loan lengths. Recently, lenders have become more comfortable loaning to subprime and deep subprime buyers. Researchers and analysts have taken notice and are weary of what these practices hold for the future of the auto industry.

An article in the Associated Press stated that financial institutions have begun to offer longer loan lengths and approve borrowers who would have been denied the loan in the past. As the average price of a vehicle has been consistently rising, borrowers have been forced to take out six and seven year loans in order to keep the monthly payments more manageable. And it’s not just on the finance side, as has also experienced a rise in subprime shoppers applying for lease takeovers.

Dealers have also been offering big discounts in order to get more drivers through the door. Experts are cautioning lenders and the auto industry of the possible future effects because these discounts and lengthy loans resemble the same reasons of the economy’s downturn a few years ago.

Taking over a car lease is a smarter and more cost-effective choice to purchasing a car, particularly for those individuals in good credit standing. Why take out a 72-month loan when you can take over a car lease on and drive a newer car every year or so? Drivers looking to exit their lease early are matched up with individuals looking to take over that lease. Don’t get sucked into a long-term deal when there are short-term solutions to getting into that sought-after vehicle.

Headquartered in Cincinnati, Ohio, is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. For more information about or how to exit your lease early, call 866-SWAPNOW or visit

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