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Archive for the ‘Car Shopping’ Category

Can Costco Become the Largest Car Dealer in America?

June 9th, 2015

Costco auto program

Costco doesn’t sell cars, but it’s the second-biggest car dealer in the country.

That’s an oxymoron that’ll make your head explode, especially when you consider that the only organization to move more metal than Costco is AutoNation.

Costco’s wildly popular car buying service has been used by hundreds of thousands of people over the years, most of whom chimed on our blog post questioning just how good a deal Costco offers when it comes to cars.

Of course, it’s not possible to walk into Costco and drive out in a new car. The service is really just a middleman between the dealer and the consumer.

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Coming Soon: 10,000 Flood-Damaged Used Cars

June 8th, 2015

Texas_flood_cars

When you’re buying a used car, it’s always a good idea to have it checked out by a mechanic. There’s nothing new or Earth shattering about that advice, but people routinely ignore it.

Over the next few weeks and months, buyers who choose not to have used cars thoroughly inspected do so at their own peril. We have the recent flooding in Texas to thank for that.

Thousands of vehicles get damaged beyond repair anytime there’s a natural disaster involving water. Flooding, even on a small scale, can do more damage to a car than a lifetime on the road.

The floods in Texas were anything but small-scale, and some reports say up to 10,000 vehicles were damaged by the high waters.

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Car Minded, Car Safety, Car Shopping, General Chat , , ,

The Surprising Fact About 10 Cars With the Highest Resale Values

June 5th, 2015

2014-chevrolet-silverado-z71-front-view-towing

Everyone knows that the value of any car you buy will plummet with every passing year. Unless you’re purchasing a 1964 Ferrari 250 GTO, you can be sure that the value of your car in 5 years will be significantly less than the price you paid.

That’s the bum deal about cars, and it’s true whether buying new or used. Leasing is gaining in popularity for this very reason. The only exceptions to the rule of depreciation are a few collector cars that go up in price every time they hit the auction block.

Any car currently for sale at a dealership in the U.S. won’t be going to a prestigious auction anytime soon, so the best we can do as buyers is to purchase cars that depreciate more slowly than average. The 10 best cars for holding their value are listed below, and they all share one common trait.

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Car Industry News, Car Lists, Car Minded, Car Shopping, Domestic Cars, Foreign Cars, General Chat, Trucks & SUVs , , ,

The Pros and Cons of Leasing Your Next New Car

June 4th, 2015

2015 Chevrolet Silverado High CountryLeasing, as some have observed, is a fundamentally different way to buy a car. It lets someone who needs a car enjoy the benefits of ownership without having equity when his or her lease term ends. Leasing means you’re not buying the car so much as paying for the privilege of driving it.

Right now leasing is becoming more and more popular, with almost one-third of new cars being leased instead of bought outright. Let’s look at the pros and cons of leasing a new car.

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Car Industry News, Car Minded, Car Shopping, General Chat

The New Car That Costs $89 Per Month

June 4th, 2015

2015 Volkswagen Jetta pic-2687671922287613144

It’s like we’re living in 1963.

I honestly don’t know when the average car payment in the United States was below $100, but I do know that today it sits at just over $480. If you buy or lease a new car in this country, odds are pretty good that you’ll be somewhere in the $200-$500 per month range. The lower end of that range is reserved for low-payment leases and bottom-of-the-barrel entry-level cars.

So when one of the world’s largest automakers promotes an $89 lease, or even lower in some areas, people will pay attention.

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Why the Lamborghini Urus Doesn’t Make Sense

June 3rd, 2015

Lamborghini Urus

Don’t kid yourself. You’re not going to buy the new Lamborghini SUV. You’ll be excited about it and eat up all the blog posts announcing its imminent arrival, but you won’t step foot in a Lambo dealership unless you’re just there to ogle.

Trust me when I say that Lamborghini dealerships don’t exactly smile upon oglers (I had a bad experience).

Yes, the Lamborghini Urus, or whatever its production moniker becomes, will sell out, just not to folks like you and me. And not because of financial reasons alone.

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Car Minded, Car Shopping, Exotic Cars, Foreign Cars, General Chat, Trucks & SUVs , , , , , ,

The Honda Mojo: It’s Not a Car

June 1st, 2015

Civic Type R

Remember the 2012 Honda Civic? Of course not. It was the most disappointing Civic in modern history.

Consumer Reports famously dissed the car by revoking its “Recommended” status, while Car and Driver summarized the changes like this:

With the latest Civic, Honda has gambled that moving away from sportiness and towards quiet comfort will suit its buyers. Honda hasn’t hedged its bets into the boring realm of the Toyota Corolla, but it’s certainly an unadventurous effort. Aside from being quieter and more efficient, the new Civic doesn’t represent improvement as we define it. The Civic lacks the passion, soul, and entertaining driving dynamics of its predecessor. Mainstream buyers may not care, but enthusiasts surely will.

Honda, once known for sporty and fun-to-drive cars that provided reliability and fuel efficiency, had morphed into the latter while forgetting about the former.

Honda had lost its mojo.

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Why Summer Is a Great Time to Buy a Car

May 28th, 2015

2015 Chrysler 200C My home base is the great Northeast. As such, this past winter I thought summer would never come. But all that snow eventually melted, and with it so have new and used car prices. Summer is a great time to buy a car.

Prices in the used car market begin to drop this time of year for a couple of reasons. Demand declines after tax season and its flood of money from tax refunds. Consumers wait until their returns are filed and IRS checks issued to make down payments.

But the bigger reason is supply grows this time of year. Private sellers get more active, and more people are buying new cars, which increases the used car supply.

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Car Industry News, Car Parts, Car Shopping, CarGurus Features and Updates, General Chat

What Happens When a Buyer Never Registers a Car You Sold?

May 27th, 2015

car title transfer

It’s a good rule in life to expect the best but prepare for the worst.

Most humans on Earth are good people who want to live the best life possible, but a few are set on breaking the rules for their own benefit.

Selling a car can be a profitable venture, but it can also provide opportunity for unscrupulous humans to use the seller’s good name in a crime. It’s rare, but it can happen.

When you buy a vehicle from a private seller, you take the transferred title to your local DMV and register the car in your name. All the paperwork is taken care of for you if you buy from a dealer.

Sometimes a private seller will sell his or her car, but the buyer won’t ever register it. Any parking tickets or driving infractions caught on camera will be under the seller’s name. If any crime is committed in the car, it’ll be the seller in the crosshairs of law enforcement.

Here’s how to make sure this doesn’t happen to you.

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Vice President Declares Corvette Better Than Porsche

May 25th, 2015

2015 Corvette Z06

Happy Memorial Day! We’re now in the final stretch of a long weekend that marks the unofficial start of summer. This is also the weekend when we’re encouraged to take a break from work and remember the ancestors who paved the way for us to enjoy life in the United States.

This is also the time of year when people graduate from high schools and colleges across our great nation.

Sometimes these two annual rights of passage converge, and we see America-infused commencement speeches from high-profile celebrities and politicians. There were none bigger this month than the speech delivered by Vice President Joe Biden, who made a shocking claim about the superiority of America.

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