March 2014

You are browsing the site archives for March 2014.

The Top Minivan for You and Your minis
Well, the Honda Odyssey has done it again. In the class for which it was designed, it has taken top honors. Somewhere, there are tiny people dancing in car seats, celebrating the news. In the U.S. News & World Report’s annual “Best Cars for Families” awards, the 2014 Honda Odyssey received the award of “Best Minivan for Families,” one of the most competitive categories historically. The Odyssey nosed out the 2014 Chrysler Town & Country and 2014 Toyota Sienna for the top spot. Not only was the Honda Odyssey selected by USNWR as the top minivan, but it also finished… Read More

The Surprising List of Best Used Cars under $10K
There's no question that buying a used car can be tricky. If you’re looking for technical information about a used car, just use Kelley Blue Book, or KBB.com. But what about reliability and finding a vehicle that holds value well? Problem solved. Consumers Reports has released their list of best used cars, and the cars that made the list – and didn’t make the list – might surprise you. For example, Honda’s popular Accord or the compact Civic were not on the list, despite having excellent reputations for reliability and value. The list is compiled from the Consumers Union Annual… Read More

To Refi or Not to Refi? That is the question.
Okay, a few years back, you bought the right car for a good price, and despite the realities of car ownership, you're very happy with the experience, and with your monthly payments. But then, your friend tells you how much money she saved REFINANCING her car, and it gets you thinking, "I wonder what would happen if I refinanced my car?" Well, if you're wondering if it makes sense, if it's a good idea, if it will benefit you, you're in the right place. Fortunately, there aren't hundreds of concerns to weigh. According to Suzanne Kane of The Car Connection,… Read More

Consumer Reports shocks the market – Puts Tesla at the top of 2014 Top Picks
The results are in, and Consumer Reports has given its Top Picks for 2014 vehicles in 10 categories. If you're in the market for a new car, read on, and feel free to take your notes with you to the dealership. Most surprising is the car that has been announced in the "Best Overall" category, the 2014 Tesla Model S luxury sedan. The styling, handling, and persistent presence of innovation in every feature have flung this not-so-humble offering to the front of the pack. With good reason? Maybe. But at a price. Before we get into the full results, let's… Read More

Costs of car ownership worry millennial generation
The common wisdom that Gen Y consumers – those born between 1977 and 1994 – no longer are interested in automobiles doesn’t seem to hold water, suggests Deloitte’s study. They’re just practical about the costs of car ownership and other factors involved in owning vehicles. “Among Gen Y consumers who do not currently own or lease a vehicle, cost seems to be the main barrier – with most (80 percent) saying it is because they cannot afford it and three quarters citing high operational and maintenance costs,” reported Used Car News. “Affordability is the mantra for Gen Y consumers who… Read More

Bankruptcy doesn’t have to prevent shoppers from getting a car loan
Bankruptcy may seem like the end of the world if you need to purchase a new or used car, but it doesn’t have to be. While lenders are more reluctant, generally, to extend financing to someone with a bankruptcy on his or her credit report, it isn’t always the case, especially if you find a financing company that has a lot of experience working with people with less-than-perfect credit, including bankruptcy. “If you have recently gone through a bankruptcy and are now finding it difficult to obtain financing for an auto loan, don’t despair,” says RoadLoans, an online lender with… Read More

The new car myth and the truth about used cars
How many new cars are on our streets and highways at any one time? Give up? It’s a trick question. The answer is: virtually zero. Almost 100 percent are used cars considering that even the newest among them lost several thousand dollars in value as soon as they were driven off the dealership’s lot. Oh sure, we talk a good game (and countless words are written) about new cars. But even if you don’t take the description “new” literally and count any vehicle up to a year old as new, the vast majority of cars, trucks, crossovers, SUVs, etc., still… Read More

RoadLoans receives high rating from TopConsumerReviews.com
RoadLoans is one of the best online auto lenders around. Pretty much what you would expect us to say on The Open Road blog, right? Well, as much as we believe that, there is more value to you in such a review when it comes from other customers (see our customer reviews), or, in this case, an independent product review group. “Finding an auto loan is no longer limited to what your current bank will offer or what the dealer brings to the table,” says TopConsumerReviews.com. “You can take control of your next auto loan terms by shopping online for the best deal available.… Read More

Top auto blogs can help car shoppers sharpen their focus
Auto blogs, like websites, can help shoppers make important decisions about their upcoming car purchases. But sorting through them can be a time-consuming chore. Unless you have some help narrowing your focus to those with the best information for your research. That’s where we come in – with help from Blogmetrics, Cision and Technorati – listings we used to compile our own ranking of some of the top auto blogs available on the Internet. All three lists provide links – Technorati itself comprises nearly 1,200 auto blogs – so you can find those that best suit your needs when shopping for… Read More

Get a tax refund, then buy a car? Many Americans will
Getting a tax refund doesn’t always mean people will go car shopping. But many will because of the money they get back from Uncle Sam. Tax refunds for 100 million Americans averaged more than $2,650 last tax season, and as much as $3,000 in previous years. That’s  enough to cover the typical 11 percent down payment on a new car or make a significant dent in a year’s worth of monthly car payments. In fact, more than one in five of those who expect to spend their tax refunds on something vehicle related will use the money to purchase a… Read More