With 3.2-million new cars and light trucks leased last year in the U.S., a flood of lease returns are expected to hit the used car market in the coming years.
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After five years of consistently rising prices, used cars should get cheaper this year according to economists from the National Automotive Dealers Association.
Thanks to all the end-of-the-year deals on new cars, buying used might not always be cheaper.
You might remember when Danny DeVito played Mr. Wormwood in the 1996 film adaptation of “Matilda.”
Thanksgiving is a holiday that’s typically spent with family eating turkey and stuffing, but for many Americans, it’s all about the Black Friday deals.
The trend of falling used car prices will continue into 2014, thanks to an increase in vehicle volume and the number of retired-rental and repossessed vehicles returning to the market.
The U.S. Department of Energy and the EPA have released a new online tool to print your own window sticker showing off your vehicle’s fuel economy figures.
Buying a used vehicle is always risky. Even if it’s certified, inspected and under warranty there’s no telling how the previous owner (or owners) treated it. In addition to lackadaisical maintenance water damage is a major issue to be concerned with as well.
Exploring CPO Cars Behind the Wheel of a 2010 Porsche 911 Targa 4S
Used car shoppers need to be especially wary of “great deals” found in used car listings.
That used car you have your eyes on may soon become available as used car prices continue to drop this year. Continue Reading…
Upcoming corporate average fuel economy (CAFE) standards mandate that new vehicles sold in 2025 and beyond will need to get an average 54.5 mpg, a standard that aims to save the U.S. 2.2-million barrels of oil per day.
To Frugality and Beyond!
Fuel economy is a major purchase consideration for new-vehicle shoppers; in fact it’s the No. 1 thing they look for in a car or truck. Consumers continue to demand ever greater mileage, and so does the federal government. Washington keeps turning up the wick on its Corporate Average Fuel Economy (CAFE) regulations. In response to these stimuli automakers are working day and night to improve the efficiency of their products.
You’ve finally found your perfect car online: low mileage, perfect price and it looks great. But there’s a catch, it’s sold with a salvage title. Should you still go for it?
The “redneck” comedian Jeff Foxworthy used to joke about how safe of a driver his grandmother was, but as soon as she got behind the wheel of a rental car, all bets were off. It’s a commonly held belief that motorists abuse borrowed vehicles, taking out pent-up aggression on hired Impalas from Hertz. When it comes to buying a used car are second-hand rentals a smart choice, or something to be avoided like a holiday in North Korea?
Used vehicles prices are set to drop over the next 12 months by between 4 and 5 percent according to industry analyst group ALG.
Trading up for the newest model used to be the norm, but a faltering economy and widely improved reliability are both stretching how long consumers keep their cars.
It’s been a strange year for the used car market so far. Prices were skewed higher than they normally would be after fewer used cars came in off lease than past years and demand for fuel efficient cars also rose with heightened gas prices.
Taking your time and researching can reap big rewards when it comes to purchasing pre-owned vehicles.
To some, the very notion of purchasing a used car can send them running for the hills, but as with anything else, provided you do your homework, the vehicle you choose can save you thousands of dollars over that new one in the showroom, without proving to be a money pit.
Dead on from the front or the back, it looks like just any other new Mercedes-Benz E-class, but take a look at its profile shot and you will no doubt rub your eyes and have a double-take.
It’s an E-class alright, but it doesn’t have two-doors, or even four. No, this one has six-doors and that is what will give you a leg up on all your friends who have E-class Merc’s.
This steel blue limo, which is a 2011 model and has covered just 3105-miles, is based on the E350 model, and retains the factory spec 3.5-liter, V6 engine and its seven-speed automatic gearbox. According to the advert, it can do 149-mph flat-out, so this might just be among the fastest limousines on the planet.
And where will you find this rather special E-class? Dubai of course.
GALLERY: Mercedes-Benz Six Door E-Class
[Source: Alain Class]
Car recalls are no fun for anybody. For the consumer it takes time, for the automaker it wastes money and resources.
A study undertaken by Carfax, a service devoted to providing background information on used cars, found that ignoring safety recalls puts consumer safety and the public’s safety in jeopardy. This may seem a bit obvious; don’t fix the problem, and the problem will get bigger. But the real issue begins when the car changes hands without the new owners knowledge that a recall is out on their new purchase.
In 2011 alone, there were 2.7 million vehicles listed for sale online which had unresolved recalls placed on them. California, Texas and Florida lead the country with the most open recall cars for sale, well over 100,000 in each state in 2011.
There have been cases where a used car was purchased, and within weeks a major defect presented itself. Delaware plumber Bob Knotts tells of his case,”My van caught fire from an electrical recall under the driver’s seat that was never fixed,” said Mr. Knotts.
While the responsibility should fall on the seller of the car to inform the buyer, we all know that not everyone will be honest if there is money to be lost. So before you buy a used car, check for open recalls, because no one wants to spend money just to watch it go up in flames a week later.