Tag: car buying advice

Subprime conditions: Bad credit car buyers are getting the squeeze on car loans

Having trouble getting a car loan? Don’t worry – everyone hits a rough patch. But this time it may have less to do with that late payment and more to do with the automotive lending business. For the second consecutive quarter, lending institutions have tightened available credit – a seemingly cautious move that means car buyers with a “subprime” credit rating may be left taking the bus – or more likely paying a higher rate for their loan.

Buying American: How to choose a car, truck, or SUV that is ‘Made in America’

During the weekend prior to America’s celebration of 241 years of independence, the National Association for Stock Car Auto Racing (NASCAR) will hold a race at Daytona International Speedway. Contestants will drive vehicles that are styled to resemble the Chevrolet SS, Ford Fusion, and Toyota Camry, and after racing ‘em on Sunday, these car companies hope that NASCAR fans will buy ‘em on Monday.

What to know about CPO: Get the lowdown on certified pre-owned vehicles

Since cars lose as much as 19 percent of their value to depreciation after just one year of ownership, it’s possible to net big savings by purchasing a used vehicle. However, there is quite a bit of variance in the used cars that are on the market. Some are very old and have heavy mileage, with lots of wear and tear. On the other end of the spectrum, some used cars are newer, meticulously maintained, and in pristine condition.

Buying a minivan is more than a question of money, it’s a matter of personal identity

Minivans are some of the hardest working vehicles on the market today. Sure, you may point to full-size pickup trucks as doing the dirty job of hauling and towing burly loads, but minivans are designed from their inception to carry the most important cargo of all: your family. They happen to be the safest, most practical vehicles around. As an automotive journalist, when someone asks me what the best car for their family would be, I automatically point them to a minivan.

Avoid buying a flood-damaged car by taking these important steps

When floods such as the one that recently submerged parts of Louisiana occur, they leave damage that lingers long after the waters abate. Lives are lost, homes are ravaged, and neighborhoods are forever changed. Even after the repairs are made, scars of the disaster remain, though they may not be immediately visible to the naked eye.

Looking for our best advice about buying a car? This guide explains exactly how to buy a car you will love

Buying a new car is a surefire way to upgrade your life experience, but most people dread the process. We have good news. Buying or leasing a car can be quick, easy, and even enjoyable, but only if you avail yourself of the right resources and information in order to prepare for the purchase.