The automobile industry has experienced plenty of changes in the past decade. One of the critical ones is how much money car buyers are spending on their new vehicles. The traditional 4-year, 48-month auto loan is essentially gone. Instead, many people purchase cars with 5-year or even 7- or 8-year … Read more
The best opportunities to purchase a new vehicle is during a manufacturer’s transition times, including model changeover, the end of a generational build, and as the calendar moves from December to January. The following six tips can save you money, enabling you to drive off in a new ride with … Read more
How to drive a deal on your next used car. Buying a used car has its advantages as the steepest depreciation costs for new cars come during the first few years of ownership. Used cars come priced to reflect steep depreciation, are generally cheaper to insure then new cars, and … Read more
FCA’s sales streak should continue with minivans providing an unlikely contribution. Car manufacturers track sales carefully, using monthly statistics to measure progress. Any month-over-month change falling outside of expected parameters can result in a change in strategy, including short-term production output, what incentives are offered to consumers, and a host … Read more
Some of the best deals are for small cars. You might have your eye on that small SUV, but if you’re trading up from a compact car the incentives for small cars are very strong as we reach the heart of the spring selling season. Consumers continue to shift their … Read more
New car loan terms are longer than ever before. Earlier this month, Experian Automotive announced that the average length of both used and new car loans had increased by one month to 62 and 67 months, respectively. These loan term averages are at record levels, but consumers are eagerly embracing … Read more
You are ready to buy your next car and have set your eyes on something new. Sure, you know that new cars lose a lot of value during the first year of car ownership, but you have a long-term ownership strategy in place and plan to drive your next car … Read more
You have your eyes set on a race red Ford Focus Titanium sedan, a model loaded with such goodies as MyFordTouch, a Sony audio package, dual zone climate control and heated front leather seats. Buying this car is one option, but so is car leasing. You decide on the latter … Read more