July 2017

You are browsing the site archives for July 2017.
Used cars get cheaper, Volvo makes shockwaves, and ‘America’s fastest SUV’
Welcome to a monthly roundup of auto news from RoadLoans. Here are some of the recent stories to hit the headlines in the motoring press.     Falling prices could make 2017 a great year to buy a used car The price of used cars is dropping as a flood of vehicles enters the market at the end of their lease terms. USA Today reports that used-car prices could fall by six percent in 2017 – the result of vehicles coming off three-year leases taken out in 2014. That means if you’re considering changing cars, this year could be a… Read More

Preapproved auto loans give shoppers an advantage
  When buying a car, ideally you’d pay cash for the vehicle in order to negotiate aggressively on price and avoid monthly payments and interest charges. In reality, few of us can do that, so finding the right financing becomes important. Preapproved auto loans are a good option in a number of ways, and you can apply for preapproval with a range of lenders, such as banks, credit unions, finance companies and online lenders. If approved, advantages include knowing the terms of your loan before walking into the dealership, and an empowered, streamlined car-buying process where you can focus on… Read More

Summer car shopping, new-vehicle quality and more
Summer is zooming full speed ahead. That, of course, means many Americans are enjoying road trips and car shopping, both of which typically peak during the summer months. Under the circumstances, the RoadLoans and Santander Consumer USA blogs (SC) would be remiss if we didn’t provide useful information on those subjects. So, following are introductions to the best recent content on the SC blog and links to the posts if you want to read more:     Summer used-car bargain hunting Hot fun in the summertime. It’s what car shoppers can expect, whether they’re looking for new or used cars,… Read More

Looking for a trouble-free new car? These brands are best, says J.D. Power
  Korean brands lead the way with fewest new-car problems, but domestic vehicles are outperforming imports on average, research shows. J.D. Power’s 2017 initial quality study, which looks at the number of problems reported by new-car owners in the first 90 days of ownership, shows Kia and fellow Korean nameplate Genesis topping the list of reliable auto brands. Next comes German automaker Porsche, followed by domestics Ford and Ram, which are two of the most-improved companies in this year’s study. While American brands as a whole outrank their foreign counterparts, with 93 problems per 100 vehicles compared to 99/100, another… Read More

4 Things first-time car buyers should know
  Walking into a dealership with the correct documentation, information and knowledge to purchase a car is a big help, especially for a first-time car buyer. Here are four important points to keep in mind to save time and reduce stress: Research: Never buy a car without doing some type of research. Walking into a dealership and aimlessly walking around as if you are shopping for clothes will leave you a disappointed customer. When researching, it is best to take everything into consideration (wants/needs). Creating a chart of the elements of the car that you can and cannot go without… Read More

Private party auto loan – What is it and how does it work?
    When it comes to purchasing a new vehicle, there are several directions you can go. You could buy directly from a dealer, get one from an auction house, maybe a company-owned fleet car or you could purchase from a private seller. If you go the private-seller route, you might need what’s known as a private party auto loan. And if so, here’s what you need to know. Let’s start with private party auto loan: what is it? What is a private party loan? In simple terms, a private party auto loan or a person-to-person loan is a loan… Read More

2017 Buick Enclave Sport Touring Edition (Credit: Buick/Newspress USA)
    In the spirit of the Fourth of July, you may feel like buying American for your next car purchase. But which cars are most American these days? If you’re planning to visit a dealership over the holiday, one of the most popular times of year to buy a car, have a look at the results of the 2017 Made in America Auto Index first. Put together by the Kogod School of Business at American University, Washington D.C., it takes into account not just where a… Read More