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Why used cars offer ‘compelling alternative’ to new as average prices rise

Average car price, new vs used
  The average price of both new and used cars has risen steadily in recent years, fueled by America’s appetite for large and expensive SUVs and trucks. But while brand new and preowned vehicle prices have each been on the increase, the difference between the two is still significant. The average new-car price was $37,285 in June 2019, according to Kelley Blue Book. By comparison, the average used-car price was $20,200 for the first quarter of the year, Edmunds data shows. Over the last five years, new-vehicle prices have risen by more than $4,000, with prices for used going up… Read More
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Category: Financing

Finding an auto loan during bankruptcy

Finding an auto loan during bankruptcy
  When financial setbacks occur, bankruptcy is sometimes the best way forward. Life moves on and, for most people, a car is essential to that process. But can you get a car loan while in bankruptcy? It depends, in part, on the type of bankruptcy for which you’re filing. The two common forms of personal bankruptcy are Chapter 13 and Chapter 7.   Financing while in Chapter 13 bankruptcy Chapter 13 enables a debtor with a steady income to keep hold of property they might otherwise lose to the bankruptcy process. A plan is created to pay creditors all or… Read More
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Category: Financing

Can you get guaranteed auto loans for bad credit and no money down?

Can you get guaranteed auto loans for bad credit and no money down?
  There are times in life when your credit score is low yet a car purchase just can’t wait. Times, also, when you don’t have the cash at hand for a down payment. It’s not ideal but, fortunately, there are lenders willing to help many consumers in this kind of situation move forward. RoadLoans, an online, full-spectrum lender, is one of them. As every consumer’s position is different, we can’t offer a guaranteed auto loan for bad credit and no money down. We do, however, have great experience in working with customers who have bad credit,* and enabling them to… Read More
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Category: Bad Credit, Financing

Drivers reveal which safety features stopped them from crashing

Car with driver-assist feature on highway
  Whether it’s helping to avoid a startled deer or an unseen vehicle, advanced safety features are making a real difference, according to motorists. In a Consumer Reports survey of the owners of cars with driver-assist technology, 57 percent reported at least one feature kept them from crashing. Blindspot warning was most effective, with 60 percent of these owners saying the system helped to prevent an accident. Rear cross-traffic warning, forward-collision warning and front and rear automatic emergency braking also proved valuable. Findings from the study, which gathered information on 72,000 vehicles, along with an explanation of each feature are… Read More
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Category: Car and Driver Tips, RoadLoans News

These vehicles are best-in-class, (auto) science tells us

Kia Sorento SUV traveling on road beside trees
The art of making a great car purchase actually lies with a little science. Or a lot, according to the Automotive Science Group, which aims to help consumers make informed car-buying decisions through its objective, data-driven analysis. To that end, it has created the Automotive Performance Index, enabling shoppers to find the best new models across a range of categories. “You define the size and class of automobile that meets your needs, and we'll differentiate the best-performing model in the segment,” says the group. For 2019, the index has identified 33 best-in-class vehicles in 11 categories based on economic, environmental and all-around performance… Read More
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Category: Car and Driver Tips, RoadLoans News

Genesis, Kia, Hyundai pull ahead in new-vehicle quality rankings

Kia Rio sedan parked on quayside
A trio of Korean brands continues to set the standard for new-vehicle quality in an influential study. Genesis, Kia and Hyundai have widened the gap between themselves and other automakers in the 2019 J.D. Power Initial Quality Study, which assesses vehicles early in the ownership experience.   It’s the second year running these nameplates, all part of Hyundai Motor Group, have filled the top three positions and they account for six of the highest-ranking models within the 20 vehicle categories. Genesis, newcomer to the luxury segment, tops the list with fewest reported problems in the first 90 days of ownership,… Read More
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Category: Car and Driver Tips, RoadLoans News

The best states for a summer road trip

Smiling woman looking over shoulder from front seat of car
    With countless possibilities, the road trip is a favorite way to journey through the American summer. Picking a destination isn’t always easy, however, which is when WalletHub’s 2019 list of best summer-road-trip states proves useful. All 50 states have been rated based on more than 30 criteria covering cost, safety and activities. These include factors such as the price of gas, the condition of roads and how busy they are, the state’s share of national parkland and the number of attractions you will find. While North Carolina is the best state for a summer road trip overall, other… Read More
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Category: Car and Driver Tips

10 cars that fly the flag for America

Jeep Cherokee on highway in front of mountains
    If you are buying, or already driving, one of these 10 cars this Fourth of July holiday then you have extra reason to celebrate. They’ve been identified as the most American-made new models in a Cars.com index of more than 100 vehicles. American-made doesn’t just mean they were put together in this country, although that’s an important part. In the context of a globalized auto industry, the study also looked at the domestic parts content; where the engine and transmission come from, and how many U.S. factory workers the parent automaker directly employs relative to vehicles sales. On… Read More
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Category: Car and Driver Tips