Average New Car Is Now $20,000 More Expensive Than The Average Used Car It’s no secret that the pandemic threw a wrench into a whole lot of people’s car-buying plans. Things have largely recovered, and prices aren’t as crazy as they used to be, but if car buyers haven’t been keeping a close eye on the market, they could definitely still be in for a shock the next time they walk into a… Read more…

Is this a good deal or no? Car lease Hi! Can anyone help me figure out if this is a good deal? I have a 2022 Honda pilot sport and looking to break the lease 7 months early for to get a new lease on a Santa Fe Here are my details on my car 2022 Honda pilot sport 32k miles 32k for payoff Month payment 500.25 10k miles a year New offer 2024 Santa Fe New (msrp 38,105.00) Monthly paym…

McLaren Is An Emirati Car Company Now The Abu Dhabi-based investment firm CYVN Holdings has agreed to purchase 100 percent of McLaren Automotive from its current owners, Mumtalakat Holding, reports Reuters. Mumtalakat Holding is the sovereign wealth fund of Bahrain, which assisted McLaren through a “capital reorganization” earlier this year, taking full… Read more…

Car Loan At 27.9 Percent For 68 Months Totally Screws Man Over, And He’s Not The Only One Underwater car loans are a brewing financial crisis. Data from multiple sources show that there are millions of people who owe more on their loan than their vehicle is worth. Even a small set back can turn a bad situation critical, as The Wall Street Journal reports. Read more…

Should I keep or give up my car? Looking for financial advice with an income of $2614 and a lot of bills. I am currently in college, about 8.5k in credit card debt. No student loans, but I have a fat car pymt and ins of $764/mo combined. Income is $2614/mo with expenses of 625-rent, 464-car pymt, 300-ins, $300 gas/grocery, $100 utilities, $100 energy bill, then around $250/mo in credit card minimums. So $2614 income against $2,139 in expenses… Not…

This election will decide what kind of car you’ll buy Image: Mr.Nelson design for The Verge / Getty ImagesTrump has promised to roll back Biden’s EV policies on ‘day one.’ Continue reading…

What Was The First Fun Car You Ever Owned? Like many of you, I had big dreams for my first car when I was growing up. Obviously, it would be rear-wheel drive and manual, because how could it not be? I was a car enthusiast, dammit. Except by the time I got my driver’s license and had enough money to look at buying a car, I ended up with my dad’s Kia Spectra. It… Read more…

Polestar Warns Biden’s Chinese Car Rules Would ‘Effectively Prohibit’ Its Sales U.S. Sales Good morning! It’s Tuesday, October 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more…

After a car accident I ended up getting a car loan what should I do, then my wife was laid off what should I do? I had my car completely paid off, I got in a car accident and my car was a total loss. I did the irresponsible thing and got myself the new car I wanted instead of replacing the car with a similar model. With the insurance payout. Now I owe 24k at 1.9% $560/m ( great for today’s rates ) After that My wife was laid off. She has a month severance …

Car Seat & stroller question for Mediterranean travel with baby I’m planning a Mediterranean cruise with my baby, and after extensive research, I still have some pressing questions about traveling with an infant in these locations. I’m particularly concerned about car seat requirements and stroller accessibility as we visit ports like Santorini, Catania, and Malta. The main issue I’m struggling with is wheth…

Trying to sell my car, but there are some oddities Hi, Due changing personal circumstances I have decided to sell my car and get one that’s cheaper to maintain. One day after posting the ad, an Interested buyer from Germany ( I am in the Netherlands ) responded. After very short discussion we came out to a final price of 30,75k. The buyer however seems to be buying the car blind and plans on usi…

This Totally Avoidable 9-Car Pile Up Is A Great Example Of Why You Need To Put Your Phone Down While Driving Driving a heavy vehicle down a highway at speeds over 50 miles per hour should command the utmost attention. A driver in Oklahoma City sparked a 9-car pileup last week after deciding that something else was more important at speed. Thankfully, no one was killed and only two people were injured. Driving isn’t a… Read more…

Thinking of selling car and and getting a loan to pay off the negative equity and credit card balance. Need advice. So I recently lost my job due to hurricane helene. I unfortunately can no longer afford the payments on my 2023 Camry. I also have 14,000 in credit card debt that I have been paying off before the storm. My pay off amount for the Camry is 29,681. I have an offer from carmax for 24,500. I was also approved for an 18,000 dollar loan at 12% interes…

What’s The Best Car For Fall Foliage Sightseeing? Folks, welcome to autumn. It’s finally cooling down outside, the leaves are changing, it’s just absolutely gorgeous outside. It’s time to go sightseeing, to make that pilgrimage to the Northeast that clogs up our roads every year, but that means it’s also time to answer an important question: What are you making that… Read more…

Do you recommend renting a car in Munich to travel to Austria, Slovenia and Croatia? Flying into Munich and we want to do a self drive trip to Austria, Slovenia and Croatia. Mostly to save time and the hassle of changing trains etc etc Would you recommend this? Idea is to rent in Munich (since we are likely flying in and out of this city) and then drive to Hallstatt, before heading to Bohinj and Piltvice. We will then drive bac…

Personal loan or cash straight up for a car Hey guys I’m trying to build credit and as I already have a motorcycle loan that’s almost paid off, would it be a good idea to try and get a cash loan on a car or pay cash. It’d be majority of my savings if i paid straight up and thats what the individual wants. Not a cashiers check, but I saw personal loans had higher interest rates. I’d still …

Pregnant Fiancée has a car that will be very hard to cover for once she’s not working. So, my fiancée has a new car that she bought with her dad as a cosigner about a year ago. The car payment alone is 690$ a month. I wasn’t involved when she bought the car, I wish I was though, or I wouldn’t be making this post. I pay for all of our bills, she pays for her car, insurance, gas, and small credit card payments. She has been struggli…

How to finance a car for my Dad To start off, I will be making all the payments on the car. I have no debt, relatively high income(200k+), an 800+ score, and just want to do something nice for my Dad. My Dad’s credit has been in the toilet due to some mistakes the 90s and he never made any attempt to fix it or use credit for anything so here we are. My Dad’s semi-retired and …

Should I let insurance total my car or keep it? My car (2018 Mazda 3, 89K miles, paid off) was recently damaged in a hail storm (only cosmetic damage, the car still runs fine but has a lot of little dents throughout). Insurance wants to total it and give me $13,000 for it. The alternative would be for me to cancel the claim, keep the car (which still drives), and lose all value on it/take off…

Car broke down with 3 years left on the loan My fiancee’s car had around 140k miles on it and the motor seized but she still owns 8k on the car loan. She is already seriously in debt by 20k and could not afford 2 car loans. She doesn’t even think her insurance will give her anything since it wasn’t in an accident, just broke down. I know it’s unethical but would it be possible to stop paym…