Could there be a way to eliminate not only the stress and hassle of buying a new car, but save you time and money as well? …
financing
Selling Your Dream for Cash: The Unfortunate Mainstreaming of the Reverse Mortgage
A new report shows that the reverse mortgage remains a confusing product, but that it has gone mainstream nonetheless and represents an unnerving erosion of homeowners’ financial safety net.
Memorial Day Car Deals: Are the ‘Deals’ Really Deals? Or Just Hype?
In recent years, Memorial Day weekend has become an especially big period for new car sales. The trend is expected to continue this weekend, and special promotions, rebates, and incentives—at least for certain vehicles—will …
Want to Buy a Foreclosure? Here’s What You Need to Know
Foreclosures are up in 26 of the 50 largest metro areas in the country, according to a quarterly report released by foreclosure site RealtyTrac.com. At the top of the list is Pittsburgh, where foreclosures are up 49% from the …
Why Millions Won’t Be Able to Afford Cars in the Future
By 2025, the government will require an average fuel economy of 54.5 m.p.g. for cars and trucks sold in the U.S. To meet that requirement, automakers must focus on more efficient, technologically sophisticated cars that cost more upfront to build — and whose costs are ultimately passed along to consumers. How much more will these cars …
When New Cars Are Cheaper Than Used Cars
Sometimes, thanks to a combination of soaring used car values and special dealership and automaker incentives, the stars align and a fluky thing happens: Buying a new car is cheaper than a used version of the same model. It’s …
Buying a New Car? Let a Website Handle the Haggling
The new car purchase is easily one of the most painful and confusing of all shopping experiences. Most business relationships are built on trust, yet there’s good reason to distrust nearly everything seen or heard at a car dealership, from complex financing terms, to claims that a certain figure is their “absolute best price,” to the …
Cheapskate Wisdom … About Why Auto Dealers Shouldn’t Be Exempt from Financial Reform
“It’s like creating the F.D.A. and then denying it authority over pain relievers.”
$8,604
That’s what the average U.S. household spends annually on transportation, the bulk of it in the form of automobiles—purchase price, fuel, insurance, finance charges, repairs and maintenance, but not factoring in depreciation. For a lot of Americans, more than 20% of their take-home income heads right back out of their homes and into …
False Economy: Think You’re Saving Money? Think Again
You assume you’re being a savvy consumer by doing things like using coupons, getting free shipping with online purchases, and shopping in stores with no-hassle return policies. But are you really being taken for a sucker?
