Buying a Car?

Model year vs. manufacture year of a car: what is the difference?

Added 5 May 2021 by

Among new models of a given car brand in the second half of 2021, you may come across vehicles whose model year is 2022. If you do, know this: it won’t be a typo.  Model year can start some before the manufacture year.

Read more

Buying a Car?

Information asymmetry and the “market of lemons”: what do they mean for the buyers and sellers of vehicles?

Added 28 April 2021 by

Information asymmetry is a condition under which one business party has a significant advantage over the other one they are dealing with, i.e. they possess more information regarding the subject of the transaction and can use it to their benefit at the expense of the other party.”

Read more