Posts from ‘Money Matters’
Yeah, I know. You’ve hated math ever since you figured out that every part of it you learned after basic algebra would never, ever be used again in your lifetime.
In Wall Street lingo, a dead-cat bounce is a jump in a given stock’s price seen just before it becomes worthless. Traders have gotten rich predicting exactly when foolish optimists will sink money into a hopeless cause.
New cars cost a lot. The statement is based on more than anecdotal evidence. Based on the current rate of inflation, the average transaction price of a new vehicle will pass the $35,000 mark some time late this year or in early 2017—and for most folks, that’s a lot of bread.
According to the U.S. Government, the average household income (HHI) in America is about $53,000. It only takes a little calculator time to determine that the average new car costs 73 percent of the average family’s pre-tax income.
By now you’ve heard the story. In a nutshell, Volkswagen has been found guilty of selling diesel-powered vehicles in the United States—and many other markets—which are not fully emissions-standard compliant.
Shopping for friends and relatives can be something of a challenge—especially if that person is old enough to have acquired a certain amount of fun/frivolous/indulgent stuff for himself or herself.
As a Chicagoan, I take a certain amount of pride in my ability to complain about the local traffic situation. To that end, though I loathe to report that my 17-mile trip from Consumer Guide’s Chicago-adjacent office to the sleepy Northwest Suburbs can take me more than an hour on the wrong day, I feel a least at little satisfaction knowing that I am a statistical outlier.
The average American driver doesn’t spend much time thinking about their vehicle’s tires. At best, conscientious owners make sure their tires are properly inflated to the manufacturer-recommended air pressure, check that they’ve got sufficient tread depth with a “penny test,” and replace their tires before they’re completely worn out.
In simplest terms, an automotive hybrid drivetrain is one that employs two or more power sources to propel a given vehicle.
For years, American car owners have had the 3000-mile oil-change interval rule drilled into their psyches. Two powerful forces are at work keeping the 3000-mile edict so prominent in the public’s mind: inertia and marketing.
For most American motorists, convertibles are vehicles that other people own. Maybe that lawyer down the street has a convertible as a third car, or your mom’s crazy unmarried brother drives one. But for most of us, convertible ownership has never been a reality.