Recently, the White House issued a statement announcing a 5% tariff on all Mexican imports that goes into effect on June 10, 2019. After that date, the White House will increase the tariffs to 10% on July 1, 2019, and then increase them an additional 5% on the first day of each month for the next three months, up to 25%. The tariffs will stay at 25% until Mexico decreases illegal immigration coming through its borders. These tariffs will heavily affect cars made in Mexico.(more…)
Would you drive 500 miles if someone paid you $2,000?
Most of us would say yes to that without any hesitation, yet when we search for a new or used car, we typically keep our searches narrowed to cars available within 25 miles or so. Expanding your search to other cities could save you hundreds, or even thousands, of dollars.
Car prices can fluctuate depending on the market. A 4WD Ford Excursion, for example, may cost less in Phoenix than it does in Minnesota. Here’s how expanding your search can help you find the best deal. Continue reading >>>
“Now is the best time to buy a car!” It’s a marketing phrase that, oddly enough, car dealers tend to use throughout the year. It seems like it gets blasted over TV and radio waves on a daily basis. From a car dealer’s perspective, the best time to buy a car is always today. Consumers, though, may become numb to that message and write it off simply because they hear it so often. So when we write a blog that says now may be the best time to buy a car, we get that you may not pay too much attention.
But it’s true. If you’re in the market for a new car, now might be the best time of the year to buy.
New-car shoppers continually debate between buying a fully loaded economy vehicle or a base-trim premium car.
When buyers realize that $40,000 can either buy a Kia or a Volvo, some interesting comparisons arise. Is it better to get a lower-end brand with the latest high-end features or a luxury brand that’s missing some desirable options?
The base price of the Volvo is $2,450 more than that of the loaded Kia. Is the extra cost worth it?
Whether you’re aware of it or not, you’re always shopping for a new car.
You can be casually scrolling through Facebook, thinking only of cat videos and the most recent “Game of Thrones” episode, when a post from a car dealer goes by featuring a shiny new Ford Explorer. You might wonder, even for a moment, if the new rig would make for a good replacement for your aging Honda Pilot.
Or maybe that first glimmer of desire for a different car appears when a friend posts photos of his or her new GMC Acadia.
Whatever the source of inspiration, you might start wondering if you should consider buying a car. At the very least, you’ll start thinking about the type of car you’ll want when the time comes to make a purchase.
Perhaps you’ll click on the dealer’s link out of curiosity, or even (innocently) begin a search inspired by your friend’s new car.
Even though you didn’t think you were in the market, a different car suddenly becomes a very real possibility. This is called “passive shopping,” and a new study suggests that social media has created an environment in which we’re doing it all the time.
In many students’ minds, “car” and “graduation” go together. For some, it’s because a post-grad job requires a vehicle to commute to and from work. Others may simply want a car to maintain their independent lifestyle from college (especially if they plan to move home).
This isn’t changing for the class of 2016, either. According to a recent survey conducted by CarGurus, almost one-third of upcoming graduates plan to buy a car. And of them, 57% plan to pay for it entirely on their own.
Buying a car is a major purchase—even if you opt for a moderately priced used one. Taking this on yourself is a big sign of financial freedom, but it’s also a big financial responsibility. To handle it wisely, keep in mind the following hidden costs.
The news of the recent earthquakes that struck Japan had a strong impact on the U.S. auto market when it comes to Toyota and Lexus. Several models have had to suspend production while the factories are inspected and repaired.
It’s even affected Toyota’s position as the number-one automaker. That spot was usurped by Volkswagen because of the shutdowns. Yes, in spite of the diesel emissions scandal, VW is on top because of the popularity of its Audi, Porsche, and Skoda brands.
Young people don’t buy cars, right?
We’ve been hearing it since the millennial generation reached adulthood. The rise of car sharing services such as Uber and Lyft gave pundits and writers evidence to cite, while carmakers and dealers tried to figure out sales tactics to woo young people.
Does the youngest generation really despise car-ownership, though?
Probably not, though they do have certain expectations when considering the purchase of a car.
Now, you might see articles claiming that tax refund car purchases peak around April 15. That’s not true. The only people filing tax returns then are those who owe taxes – not those expecting refunds.
What’s the first thing you want to know about buying a used car with your tax refund? Now is the worst time to buy a used car with a tax refund. How come? It’s simple. Between now and the end of March, it is a seller’s market when it comes to used cars.
When I was young and poor, I always fantasized about leasing a new car, because the monthly payments were so attractive. Of course, with a credit score in double digits, no responsible car company in the world would have leased me a new one.
Now that I’m older and married to a woman with a good credit history, I’m no longer attracted to leasing. We hold our cars for a long time, as witnessed by the 2008 Mazda5 and 2002 Dodge Neon parked in our driveway.
With my perspective out of the way, let’s ponder 5 questions to figure out whether you should lease or buy your next new car. They can help you determine what will work best for you.