For many consumers, electric-vehicle ownership has been a nonstarter for purely financial reasons. The math indicated that …
So much for scaling back. The world’s rich and elite — or those who just want to appear so — have been cracking open their wallets in a big way lately, and luxury automakers are the beneficiaries.
A buy-one-get-one-free special on cars? Not exactly. To ease consumer concerns about the limited driving range of electric vehicles, two automakers are giving buyers free access to traditional gas-powered rental cars and loaners throughout the year.
Luxury automakers like Mercedes, BMW and Cadillac would hate for their cars to be described as merely “average.” Yet new models from these and other upscale auto manufacturers are average in a way that’s undeniably appealing to consumers: they all have starting prices at around $30,000.
Youths are also sought after as customers because consumption habits are often ingrained at a young age—and because they will be money-spending consumers for many, many years to come.
Many younger drivers think that owning a car — any car — is a pricey, unnecessary burden. In which case, buying a luxury car would seem to be especially out of the question.
Forget flying cars. The next innovation will be vehicles you don’t even have to drive. But would we actually put our lives in the hands of a computer-controlled car?
Living within your means isn’t usually part of the bling-Bentley-and-Cristal lifestyle glamorized by rappers. But Houston rapper Slim Thug’s new personal finance book is loaded with tips on how to be smarter with your money. For …
The best argument for going green is that it’ll help conserve natural resources and money at the same time. The new breed of “green” supercars led by Ferrari and Porsche doesn’t really do either.
Studies have shown that poor people tend to pay more for auto insurance. Guess who else pays a premium? People who own small, inexpensive cars—a group that also tends to be poor.
New or used? Economy, mid-level, or luxury? No matter what kind of vehicle you have in mind, the end of the year is when hardnosed bargain hunters head to the car dealership—for good reason.
Go big, or go out of business. Time and again over the last few years, retailers have resorted to big discounts as a reliable means to move merchandise and boost sales figures. In some cases, raising prices is accomplishing the same goal.