Posts from ‘Money Matters’
Dealer markup sticker on a 2022 Jeep Grand Wagoneer Series III
It’s no secret: Due to the COVID-19 pandemic and the related supply-chain issues, new-vehicle transaction prices have shot upward over the last couple years. Stories of jaw-dropping dealer markups—especially for popular vehicles—are now commonplace… so much so that some sort of markup on a new vehicle is more or less the rule, rather than the exception. On a recent Sunday road trip through Western Illinois, I came across a small-town Dodge-Chrysler-Jeep-Ram dealership with a few brand-new vehicles on its lot, so I decided to do a little boots-on-the-ground research. What I found was this: This particular dealer is asking full sticker, full sticker plus $5000, or full sticker plus $10,000 for the new vehicles it has in inventory. And, there isn’t very much in inventory.
5 Cheapest American Cars of 1977
1977 Ford Pinto
I was 12 years old in 1977, and the biggest news—really the ONLY news—of the year that was of any real consequence to me was the release of Star Wars. I still recall waiting for two hours with my shockingly patient parents in the lobby of the now-defunct Edens Theater in Northbrook, Illinois to secure tickets. I’m pretty sure this was the day the movie opened.
In June of 2017, my wife and I purchased a 2014 Nissan Juke for our teenage daughter. While this may sound like an extravagant present, it wasn’t really a gift at all. Truth be known, my kid wanted no part of driving, but my wife and I wanted no part of chauffeuring her to 6:00 AM water-polo practice five mornings a week. The car has served us well, and is now with our youngster at a college about 200 miles from our suburban Chicago home.
By Jim Flammang
Should we be scared of the “repo man?” In caper films and comedy TV series, the fellow who shows up at your driveway to snatch your car is typically depicted as a nefarious intruder, laughing at the law as he speeds away with your vehicle in tow. All because you missed a monthly payment.
By Jim Flammang
Judging by the promotional efforts of online “software platforms,” potential customers are eager to abandon traditional car dealerships and make their next vehicle purchase digitally. Instead of facing potentially pushy salespeople, younger shoppers in particular appear inclined to dash through the buying process hurriedly, using fingertips on a touchscreen.
How to Finance Your Car
By Jim Flammang
Paying cash for your next car? Don’t laugh. Quite a few families and individuals do, shunning the entire financing process. In fact, the number of shoppers who finance their vehicle has been declining.
Should I Buy a Car From CarMax?
By Jim Flammang
From a distance, a CarMax used-car store might not look much different from a traditional dealership. Most likely, its sales lot and showroom are positioned within a string of competitive auto retailers that operate much like their predecessors, half a century ago.
It may not be bad news, but it’s best not to ignore this light.
Don’t be surprised if your vehicle’s Tire Pressure Monitoring System (TPMS) light comes on as winter weather arrives in earnest and the temperatures outside turn truly frigid. Most modern-day passenger-vehicle tires are supposed to be inflated to around 32 psi (pounds per square inch), but that pressure drops by roughly 1 psi for every 10-degree drop in ambient temperature.
Consumer Guide Car Stuff Podcast
Whether you drive a car, need a car, or just occasionally bum a ride with friends, you’ve come to the right place. Join the editors of Consumer Guide Automotive as they break down everything that’s going on in the auto world. New-car reviews, shopping tips, driving green, electric cars, classic cars, and plenty of great guests. This is the Consumer Guide Car Stuff Podcast.
Consumer Guide Car Stuff Podcast
Whether you drive a car, need a car, or just occasionally bum a ride with friends, you’ve come to the right place. Join the editors of Consumer Guide Automotive as they break down everything that’s going on in the auto world. New-car reviews, shopping tips, driving green, electric cars, classic cars, and plenty of great guests. This is the Consumer Guide Car Stuff Podcast.
