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Car Buying

Experian Reports a Record High for Monthly Auto Loan Payments

Financing a new car is one thing, but being able to afford it throughout the entire length of the loan is another. What that means is that your monthly payment is important and what’s even more important is that you can comfortably afford it. According to new data from Experian, many Americans are currently paying …
A customer and a salesperson sit behind plastic COVID-19 barriers in a New Jersey Ford and Kia car dealer

Why Have Some Dealerships Stopped Negotiating on Price?

Buying a car at a dealership has changed a lot since the pandemic struck last year. There are many dealerships that are now offering contact-less delivery of vehicles and are even signing the paperwork for them completely online. But one other aspect of the car-buying has changed as well: Negotiating the price. Now that the …
A multi-brand car dealer in Colma, California

Are Car Dealers Even Ready To Sell You an Electric Vehicle?

With battery prices dropping and model selection increasing, it’s clear that EVs are becoming increasingly prevalent in the automotive marketplace. However, electric cars still have several obstacles left to overcome, such as a paucity of convenient charging stations. But the car dealers themselves may also be standing in the way. Not all car dealers are …
A CarMax sign on the front of a CarMax superstore on September 24, 2020, in Colma, California

CarMax Will No Longer Sell New Vehicles, but the 24-Hour Test Drive Still Stands

After 27 years, America’s largest used-vehicle retailer, CarMax, recently announced it’s exiting the new-vehicle retail business. The Fortune 500 company is dumping its last two franchised dealerships, both Toyota, to specialize in used-car sales. The news comes after the auto retailer touted its new 24-hour test drives. Why did CarMax pivot after a quarter-century of …
A silver Audi convertible model car rests atop three stacks of coins

Dave Ramsey Has an Easy Equation to Figure Out How Much Car You Can Afford

Purchasing a vehicle is a big investment. If you’re young or don’t have much experience with car buying, you could overextend yourself by getting that impressive new sports car. Or maybe you had your eye on a rugged truck you can take off-roading.  Remember the old phrase “just because you can doesn’t mean you should”? …
Trading in your vehicle

Should You ‘Hide Your Trade-in’ When Buying a New Car?

Imagine this: You’re sitting in a car dealership across from the salesperson, the deal is done, and that brand-new car that you’ve been thinking about for the past few months is getting washed up and ready to be driven home. However, you pipe up in a moment of feigned clarity and tell the salesperson, “Oh …
1997 Renault Sport spider, 2000

You Can Now Import These Previously Illegal Cars in 2021

The Vehicle Safety Compliance Act of 1988 mandates that vehicles not originally sold in the United States are illegal to import until they are 25 years old. This means that each year, a batch of cars from a quarter of a century ago finally come of age, giving consumers a whole new world of vehicles …
A car dealership advertising financing deals on the window to entice those car shopping.

Negotiating the Interest Rate in a Car Deal Can Save You a Lot of Money

Buying a car from a dealership can be a royal pain if you don’t know what you’re doing. Don’t get us wrong, many dealers nationwide are now doing their best to make sure that the sales process is much smoother, safer, and overall pain-free nowadays, but truthfully, a car deal always comes down the numbers. …
View of car salesman showing vehicle to family

5 Car Buying Myths That You Need to Forget About

Car dealerships and the whole car-buying experience have gotten a bad rap over the years and it’s no surprise considering there are so many myths that we’ve been led to believe. However, just like in any other business, not everything that we have all heard about dealerships and buying a car is true, but the …
A person doing car buying research on their laptop.

Has the Pandemic Changed Car Buying Forever?

Buying a new car from a dealership hasn’t always been the easiest walk in the park. First, you have to find the car that you want, then you have to deal with a salesperson to get through the whole process. However, the one fortunate thing that the global pandemic has brought us is a new …
View of car salesman showing vehicle to family

5 Tips to Help You Outwit the Dealer When You Buy a New Car

If you’re planning to buy a new car soon, then it’s a good idea to be well-informed before doing so. After all, you have probably already done all of the research you can about the car that you’re interested including the make, model, trim level, and the color that you want the most, but have …