Americans continue to spend increasing amounts on a car, according to the latest report from the credit bureau Experian, which found the average monthly payment for a used vehicle has reached $378. Better than the average of about $523 for new cars, but still a decent amount.
The average age of a car on the street in America has increased over the last decade, according to a new U.S. Department of Transportation study, suggesting that people are either buying more used cars or holding off on replacing the cars they already own. Maybe it’s because new cars are worse than old cars and folks…
I have a news flash for some of you: Dealers love the people that insist that used cars are always a better buy than new. That might be the case most of the time, but not always, and, in fact, some buyers looking for something that’s only a few years old with low miles are paying too much.
Once again, our friends at iSeeCars.com have compiled the cars that people hold onto the longest. The list is quite different from the data they got last year and has both some predictable entries and surprising rankings.
Buying a used car is a great way to get more value for your dollar, and getting a car with a certified pre-owned warranty adds some extra protection. But some dealers aren’t always honest when making claims about their “certified” cars. Here are a couple of instances that should raise some flags.
I’m throwing my well-used Honda S2000 up on a lift this weekend for the first time for some light maintenance, and I also want to give it a full look over while it’s up there. The car’s new to me and I haven’t done a real deep-dive yet (which I maybe should have done before letting all my co-workers hoon it.) What…
If it’s time to go car shopping again, perhaps skip the Craigslist ads, the enticing CarMax warranty or Aston Martin of Cleveland. This year at the Silverstone Classic auctions in the UK, we find three similar and similarly priced street legal touring car legends—all of which are priced to sell and old enough to…
When it comes to new cars, the sedan segment is dying. Honda has been struggling to sell it’s tried-and-true Accord and Ford will soon abandon the sedan market almost entirely. Since no one is buying them you would think buyers could score a deal on a cheap pre-owned model, but currently, that isn’t the case.
CarMax is an absolute powerhouse when it comes to pre-owned vehicle retailing. It sells more than double the used inventory than their nearest competitor and they make significantly more money doing so. The primary reason for this is simple—most people are overpaying.
When buying a used performance or specialty car, a pre-purchase inspection is key. This is true even when you’re working with a legit dealer who makes a convincing argument that their car is top notch. In fact, that’s when your guard should be at its highest. This story should convince you to always get an independent…
Sometimes, the collection of interconnected smart-fridges and fax machines we call “the internet” produces something really spectacular, and I think this is one of those times. There’s a car dealership in Iowa selling some really rusted-out shitboxes. That’s not the spectacular part. The spectacular part is the…
Following in the footsteps of Cadillac, Volvo, and Porsche, Lincoln will begin offering cars on a monthly basis through a subscription service. Here comes the twist: they’re all used cars.
Seeing a car that once populated my high school parking lot—a 2000 Honda Civic Si—sell for $22,750 is proof that Bring A Trailer is out of control. This is a car that usually fetches sub-five-digit prices, or so I thought. Sure, this one only had 10,439 miles, but it also sold for almost as much as a new Civic Si.
The internet has changed the way cars are bought and sold. It’s now a lot easier to figure out who has the best deal on a new car, but used cars are more complex. A lot of buyers get frustrated when they run into walls asking for large discounts on used cars. Here’s why that happens.
For the most part, the best affordable cars seem to spring up on Facebook Marketplace, but for whatever reason CL is holding out in Montana. It has one of the most implausibly amazing set of listings I’ve ever seen.
When it comes to the overall cost of a vehicle, the sale price is only part of the equation. You need to factor in resale, and how much value your car will lose. Some drop slower than others, and according to Kelley Blue Book, these 2018 trucks, SUVs, and an all-wheel-drive sedan will be your best bets to minimize…
Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.
There’s no shame in faking it ‘til you’re making it, and what better way to fake it than by driving a genuinely nice and enjoyable ride. This is good for self confidence, impressing a date, impressing your friends, impressing your parents, and possibly most importantly, impressing your colleagues and superiors.
Even when even vintage milk can be bought online, you might as well try and lock down a good Cyber Monday deal on a car. And while a few dealerships have made the effort to make buying a used car online easy, far too many still have inaccurate listings or are generally uncooperative.
Buying a certified pre-owned car is a great way to get the value of a used vehicle but also minimize your risk. Certified warranty coverage and duration varies from brand to brand and this handy guide should prove super helpful when shopping for your next car.