Used car prices continue to rise, averaging $28,205 in December 2021 according to Kelley Blue Book. Prices are up 28 percent over the previous year, an extraordinarily huge increase brought on by COVD-induced shortages and surging demand. Sparse inventories are being replenished too, with inventories rising to 50 days for … Read more
Buying a used car is often a fun and exciting process, but it’s important to realize that this excitement can be a double-edged sword. On one hand, it’s easy (if you’re like me) to find yourself giddy at the prospect of picking up a new car, but on the other … Read more
When you purchase a new car, you expect it to operate as planned. However, some models are prone to problems and may require multiple visits to the repair shop. A minor problem here and there is understandable, but the situation persists or worsens, then you may own a lemon car. … Read more
Shoppers of used cars tend to buy from private sellers or car dealers, but there is another option that might be worth considering: a fleet vehicle. Fleet vehicles are those that were purchased or leased by a business or government agency and used on a regular basis. Taxis, police cars, … 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