Car Loans Galore Ruffles Used Car Feathers

Car Loans Galore specializes in arranging auto loans for people with poor credit. The company, in a move to help people make responsible auto buying decisions, launched a series of educational videos. That video series seems to have ruffled more than a few feathers within the used car dealer segment.

The company has received a large volume of letters requesting that they stop producing the videos. The next video is set to focus on the tricks that used car salesmen use to boost profits. ”We did not enter into this endeavor to slander or demean an entire industry segment, what we are aiming for is the proper education of the consumer. We don’t just stick to instructions and warnings on buying a used car; we cover new car buying, car loans, etc. Our intention was truly not to ruffle anyone’s feathers, but if these guys are getting riled up at us telling the public the truth; then perhaps they are afraid of being exposed. They apparently have something to hide from the consumer,” said a company spokesman.

With Car Loans Galore digging in its heels about the video series, it may be interesting to see how things shake out. Be sure to stop back here for future updates on the story.

3 Reasons To Delay Buying A Compact Car

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Gas prices have driven Americans to the brink of bankruptcy. One way that many people have been dealing with the extra costs is to buy a smaller vehicle. As the demand increased, the prices of those more fuel economic cars went up exponentially. Here are three reasons that you should wait and not fall into the gas miser craze that is gripping the country right now.

  1. Many experts think that gas prices have stabilized and may drop by year’s end. With lower gas prices, you may still be comfortable driving your larger car with the V6.
  2. The disasters in Japan closed many automotive plants. They will be reopened and at full production by year’s end. A larger supply means that prices on compact cars will drop.
  3. With Japanese production in full swing the other automakers will be forced to lower their prices as well. Incentive programs will improve, allowing for even better deals.

Some industry analysts project that as production of compact cars increases the average sticker price for one could drop as much as 5% to $19,300. Delaying your purchase another 4 months could leave as much as $1,200 in your pocket.

Gen Y Flocking To Japanese Automakers

Brand loyalty is formed in youth. It is the same for cereal as it is for cars. The up and coming car buyers are Gen Y and their brand loyalty is being closely watched. So far, they are buying more Japanese cars.

The 18 to 27 year old demographic has a definite preference for Scion, Mitsubishi, and Mazda. 21% of Gen Y buyers purchased a Scion in the last two years. Mazda, in third, sold to 10.7% of those buyers. Honda made an appearance as the third most popular vehicle behind the Scion tC and the Mitsubishi Lancer.

These young, chic cars are in vogue right now. Most Gen Y’ers do not have to worry about carrying children around. Soon it will be minivans and crossovers for them. Check back in about 5-7 years to see where their preferences lie, when most of these cars have ended up on buy here pay here lots.

Cities With The Most Buyers Dedicated To American Makers

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Call it patriotic or buying American to support our economy. Either way, there are certain cities that are more apt to sell cars that are made by the Big Three in Detroit.

In general, the entire Midwestern section of the country is more apt to buy from the Big Three. Detroit and St. Louis are the cities with the largest numbers of domestic car buyers and 67% of the buyers there stay true blue. Cleveland, Ohio came in third at 59 percent.

The study conducted by The Detroit News did not include any information as to whether those buyers were aware that most of the cars made by the Big Three have foreign components. In some cases, they are at least 30% foreign made, while the majority of Hondas and Toyotas sold in the U.S. contain at least 75% American made components according to the National Highway Traffic Safety Administration (NHTSA). Makes you stop to think, doesn’t it?

IIHS Study Shows Support For Red Light Cameras

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The Insurance Institute for Highway Safety released the results of a recent study showing what it claims is widespread support for red light cameras across America. If you call releasing results from 14 cities and only having 13 of those show a majority of  support, then yes, the support is widespread. Here are the cities polled and the percentage of support.

  • Bakersfield, Calif. 68%
  • Baltimore, Md 67%
  • Chandler, Ariz. 75%
  • Chicago, Ill. 65%
  • Garland, Texas 66%
  • Long Beach, Calif. 48%
  • Phoenix, Ariz. 74%
  • Portland, Ore. 68%
  • Raleigh, N.C. 62%
  • Sacramento, Calif. 71%
  • San Diego, Calif. 64%
  • Santa Ana, Calif. 54%
  • Toledo, Ohio 58%
  • Washington, D.C. 78%

Red light cameras are a prickly topic. Courts assume that they are flawless and it often costs more to dispute the images than the ticket, so they are rarely challenged. Nothing made by humans is flawless, so how many wrongful tickets have been issued?

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Ford To Stop Producing Ranger In The U.S.

Ford has been producing the Ranger series since 1965. It began as a styling package for the F series, then, in 1982, it became a small truck to compete with the imports from Japan. At the end of this year Ford will stop producing the Ranger for the American market, ending a popular model.

With the end of the Ranger as a separate model, Ford is going to be absent from the small truck market. The only option will be a V6 version of its F-150 series, or to buy a pre-owned model from a used dealer or buy here pay here car lot. Ford sold 7 million Ranger units over the run and trucks continue to be a popular vehicle on the used truck market. With that in mind, hopefully, Ford will reenter the small truck market in the near future.

Avoid These 10 Used Vehicles

Buying a new vehicle is not affordable for every American family. With an average price of $30,000 that is pretty understandable. Used vehicles are a reliable option if you know which ones to choose, or avoid. Here is a list of ten used vehicles to avoid based on reliability surveys, resale values and safety ratings. A lot of weight was given to the most recent J.D. Power & Associates U.S. Vehicle Dependability Study which determines the least dependable three-year-old cars.

  1. Chevrolet Aveo
  2. Mitsubishi Lancer
  3. Dodge Avenger/Dodge Charger
  4. Dodge Magnum
  5. Mitsubishi Eclipse
  6. Jeep Liberty
  7. Chevy Colorado/GMC Canyon
  8. Suzuki XL7
  9. Jeep Wrangler
  10. Land Rover Range Rover Sport

All of these vehicles lose a big chunk of value immediately, suffer maintenance issues frequently, and/or offer uncomfortable rides. The Land Rover and Suzuki issues are made worse by their lack of a widespread dealership and parts network. When looking for a car at your local buy here pay here car lot, you might want to avoid these used vehicles at all costs.

How To Get Value From A Used Car Purchase

Used car prices have be rising steadily for some time, but in the last year there has been a real surge in prices. The year has not reached the halfway point and prices have surged over 10% on average, with some models trading nearly 15% higher than they did last year. If you keep these few things in mind, you can still get value from a used car purchase.

  1. Set a budget and stick to it. Not just for the car, but insurance and a figure for weekly gas.
  2. Do a price comparison. If you are set on a Honda Civic, you may pay more than if you are flexible and consider other cars within the  same class. Other automakers offer similar cars for thousands less. Also, know a fair price range for the car you are shopping for.
  3. Look for trouble signs. You do not have to be a mechanic to notice a slight difference in paint color that can mean a past accident or a small puddle of fluid under a car. When in doubt, skip the car.
  4. Always…Always…Always get a vehicle history report.

If you take care, you can still get a used car that will offer you long term reliability without the major depreciation that a new one will take in the first year. Price changes may not be as obvious as they were when you dad shopped, but value is still there.

Ways To Avoid Overspending On Your Car

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Regular maintenance on your car is expensive enough. Add to that the cost of gas, insurance, parking, etc and the cost of owning a car can be amazing. Here are a few ways to avoid overspending on your car and lower the cost of ownership.

  1. Do not change the oil every 3,000 miles. Most automakers recommend changing your oil every 5,000 to 7,500 miles on newer cars. Read the owner’s manual for specifics on your model.
  2. Change your air filter regularly. Read the manual for recommended change periods, but look the filter over from time to time. A dirty filter can rob as much as 15% of your car’s fuel efficiency.
  3. Investing in most fuel efficiency boosting additives and devices is a waste of money according to AAA.
  4. Skip buying the navigation system when you are shopping for a new car. They cost an average of two grand and most smartphones have similar apps available on them. You are already paying for the phone, so why not lower your monthly car payment?

Regular maintenance is a necessity if you want to keep the car for an extended period of time. Putting it off can cause much more expensive repairs down the line. By avoiding some of the unnecessary stuff, you can keep plenty of money in your pocket to perform needed maintenance.

Looking for a used car?  Click here to find a buy here pay here lot in your area.

MINI’s Countryman Awarded Car of the Month

The 2011 MINI countryman has been named the Car of the Month for June by the NADA. The award was given for the car’s fuel efficiency, roominess, sporty performance, attractive European styling, and safety features. The car’s safety features garnered it a ”Top Safety Pick” from the Insurance Institute for Highway Safety (IIHS). The award comes from NADAguides website.

The car’ features can include a 16-valve, 4-cylinder engine that offers 181 horsepower and 177 lb-ft of torque, one year’s free subscription to SIRIUS radio, accelerator and steering programs, a seven-airbag system with side-seat and side-curtain airbags, cornering brake control, electronic brake force distribution, dynamic stability control, and roof crush strength that exceeds 4 times its weight. An average Countryman costs less than $26,000 with a full loaded model coming in under 30k. 

MINI is known for the tight handling and quick acceleration of its cars. The Countryman is billed as a compact crossover, but does not give up any of the nimbleness a MINI is known for. These are great cars and the Car of the Month designation is proof of that.  But remember:  these cars were new for the 2011 model year, so you may have a little
time to wait before they become available for buy here pay here

Click here for more from NADAGuides, a leader in used vehicle information services.