February 2014

You are browsing the site archives for February 2014.

Why now is a good time to buy a used car
Eagerly anticipated tax refunds, falling used-car prices due to increased supply, relatively low interest rates for vehicle financing, and generally improving vehicle dependability – a major reason the average age of vehicles on American roads has climbed to over 11 years – create a near-perfect opportunity for used-car shoppers in 2014. Those shoppers are expected to drive off with at least 42 million used cars, trucks, crossovers and SUVs. In many cases, the car-buying fever begins with a tax refund check. Millions of taxpayers expect to spend their tax refunds to purchase a new or used car, suggests the report… Read More

A lot of good used cars available, our shopping homework shows
Lots of people will buy used cars in 2014. More than 40 million, in fact, comprising about 70 percent of total vehicle sales. Deciding how much you can afford begins by taking a look at your family budget and determining your maximum monthly payments without taking away from other essential needs. That might mean purchasing a used car instead of a new one, as tempting as that bright, shiny new model might be. But our research shows a lot of quality used cars are available that could allow you to avoid some of the costs of the first couple years… Read More

Car Loans for People with Bad Credit are available
Car loans for people with bad credit may seem as improbable as unicorns. But we know there is plenty of opportunity to find car loans for people with bad credit. “Some estimates show that 25 percent of American adults are saddled with bad credit,” says the website DMV.org, a privately owned organization that has been reporting government-related information across all states for more than a decade. “Yet, thousands of these individuals manage to get car loans every day,” says DMV.org. In fact, car loans for people with bad credit are part of the reason for recovery of car, truck and… Read More

DFW Auto Show revved up the weekend
Sensory overload. That phrase might apply to the DFW Auto Show last weekend at the Dallas Convention Center. Whether you were there to see the model 2014 and 2015 vehicles on display or shopping for a possible purchase, as we were, the auto show had plenty to keep a visitor busy. It was not easy to stay focused under the bright lights as shiny new vehicles of all shapes, sizes and flashy colors competed for our attention and that of thousands of other visitors. But we carefully planned our reconnaissance mission on the map… Read More

What’s so great about refinancing your car, truck?
Refinancing your vehicle can be really smart.WHY IT'S GREATThe benefits fall into two categories: money now, and money later. However, the best way to approach it depends on you.It's easy to learn how refinancing works before you sign on the dotted line. RoadLoans has created this infographic to explain some of the mechanics of refinancing your car.LEARN THE ROPESRefinancing is ideally done at a time when interest rates are lower than they were when the loan was originally established. Since you might start a new loan with a lower rate, there could be less interest paid on the new loan… Read More

What is car refinancing? Mystery solved (Part 2)
How do you know when the time is right for car refinancing? Now that you know have a better idea of what car refinancing is – see “What is car refinancing? Mystery solved (Part 1)” on The Open Road – and know how much savings is possible, you’ll want to figure out if your current vehicle loan or recent personal financial history make you a good candidate. Here are some reasons to consider car refinancing: Interest rates have changed since you financed your vehicle in the first place. Your credit score has improved since… Read More

What is car refinancing? Mystery solved (Part 1)
What do you know about car refinancing? If your answer is “nothing,” you are not alone. Car refinancing, it seems, is a mystery to most Americans. As recently as mid-2012, more than 60 percent of Americans didn’t know that car refinancing is possible, according to a survey by CarFinance.com, which questioned 2,000 people. You would think more vehicle owners should know about car refinancing because of the potential savings in monthly car payments and over the term of their car loans. RoadLoans customers provide several good examples of the savings that they have experienced:… Read More

Used car glut ‘music to your ears’ if you’re buying in 2014
Vroom-vroom. It’s a pretty good time to look for a used car. Edmunds.com and NADA Used Car Guide both expect an end to five years of price increases in 2014. Falling used car prices, brought on by a glut of vehicles hitting the used-car market, may be “music to your ears” if you’re buying, says Edmunds.com. Not so much if you’re selling or trading a vehicle. "Many car shoppers might not realize how much the new- and used-car markets feed off each other," says Philip Reed of Edmunds.com. "The boom in new car leases, for example, is leading to a… Read More

J.D. Power reports on which used cars are most dependable
In the market for a used car? Then J.D. Power’s 2014 Vehicle Dependability Study is for you, although the results of this year’s study suggest that 2011 model year vehicles may not be. J.D. Power reports that increased engine and transmission problems in 2011 vehicles “contributed to a decline in vehicle dependability [on average] for the first time in more than 15 years.” Original owners of 3-year-old vehicles report more problems during the past 12 months than did the owners of 3-year-old vehicles last year, according to the study, now in its 25th year. The study covers 202 specific problem… Read More

Upcoming DFW Auto Show cruises into the spotlight
The Los Angeles, Detroit and Chicago auto shows are over, and now it’s time for the 33rd edition of the DFW Auto Show to cruise into the spotlight. Up and running Feb. 19-23, the DFW Auto Show comprises more than a half-million square feet of new cars, trucks and SUVs at the Dallas Convention Center. About 40 manufacturers will be represented, from Kia to Chrysler, from MINI to Mercedes-Benz and from Lexus to Land Rover. “The DFW Auto Show is the ideal opportunity for consumers to compare styling and pricing of every major… Read More