We use the Internet to research and purchase all sorts of products, but the Better Business Bureau is reminding consumers to be wary when buying a car online. Just like that time you tried online dating, appearances aren't always what they seem.
Although it will probably remain a stress-inducing experience, Kelley Blue Book has introduced a smartphone app and a Seller's Toolkit to make buying a car slightly less stress-inducing. The app ties your iPhone directly into the KBB database, so you can pull up the appropriate KBB values on the fly when that one-owner steal looks more like it's been stolen from five or six owners. It'll also clue you in to dealer locations and provide 360-degree views and reviews of any car you have questions a
Lifecycle CO2 analysis. Higher miles per gallon ratings for new vehicles. End-of-life recycling. These things will matter to fewer and fewer people because, AutoMD has some interesting numbers out this week about how long people are keeping their vehicles these days. An online survey of car owners conducted in December and January found that about 77 percent plan on driving their current vehicles a total of 50,000 miles more than their previous vehicles. Considering the annual average for U.S. d
This ended about how we predicted. You all no doubt remember McFly, the guy that won a legit eBay auction for a slightly used Hyundai Genesis Coupe 2.0T for $16,125. Problem was that the seller – Glenn Hyundai of Lexington, KY – felt the car was worth more ($19,700) and refused to sell it to McFly. They claim they set a reserve price (even though they didn't) and wouldn't budge. End of story, kind of.
According to Bloomberg, the National Highway Traffic Safety Administration got wind that some cars being turned in under Germany's Cash-For-Clunkers program were being certified as destroyed, but actually being resold. To prevent that scenario from repeating itself in the U.S., land of Honest Abe, dealers have apparently been instructed to fill the engines of trade-ins with sodium silicate and run them for seven minutes in order to permanently disable them.
With Congress on the verge of passing some kind of 'cash-for-clunkers' legislation, it's time to take a look at what cars are worth trading in for the scrappage credit and what models would be better to sell by other means. The good folks at Consumer Reports have come to the rescue. Obviously, a car that has a retail value greater than the corresponding rebate is not worth trading in unless you just can't be bothered to stick a For Sale sign in the window. The CR staff has examined the prices an
The future looks so bright for the used car market that I'm almost tempted to try and get into that business myself. Even though car dealers are going through tough times trying to sell new vehicles, they are going to more than make up for that on their used car lots.
One of the options we looked at in last week's Greenlings post on buying a new green car was whether a used car or a new hybrid or diesel made more sense. Turns out our friends at Green Car Advisor have found out a little more information on new cars and used cars that should be part of anyone's buying calculations these days. Thanks to falling car prices, financing offers and tax credits, it can be cheaper to buy a new hybrid than a used one.
The lagging sales of new vehicles has been well documented, forcing retailers and manufacturers to offer some pretty amazing deals just to move their metal. Sometimes, the price of a brand new car is so good that it doesn't make sense to purchase a used vehicle.
2010 Honda Insight – Click above for high-res gallery
The cynic in you might think that a rise in the price of used vehicles, just as new car sales are cratering worse than anyone can remember, is a not-so-transparent ploy to overcharge buyers. It turns out to be more a case of supply versus demand. Wholesale used car prices are bumping up as a result of sagging new car sales, according to auto auction company Manheim. Two-thirds of new car sales have a trade-in attached, which creates a supply stream of pre-owned vehicles to recycle onto dealer lo
Many consumers who buy a new car still owe money on the car they're trading in. The situation is usually handled by the dealer agreeing to pay off the old loan, the cost of which might be folded into the new car price. No problem a year ago, but it's a bigger issue now. With 5,000 dealers closing their doors last year, some of those old loans aren't getting paid off. Consumers who bought new cars are finding out they're still on the hook for the old car loans, and in some cases, if another consu
Last month China proposed a plan to offer consumers a cash incentive to scrap their cars and buy new ones. Germany is the latest country looking at the same option, with a law that aims to give €2,500 to people getting rid of cars that are at least nine years old and buying new ones.