Cars Blog

Thursday, July 22, 2010 2:47 pm
By Claes Bell · Bankrate.com

President Obama signing the Wall Street Reform Consumer Protection Act into law gives us a good opportunity to look at the final upshot for car buyers. As we’ve talked about before on this blog, the dealers got a big fat exemption from the Consumer Financial Protection Bureau in the final financial reform law. The National

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Wednesday, July 21, 2010 1:16 pm
By Claes Bell · Bankrate.com

It’s no secret in the auto industry that gas prices are headed skyward once the economy finally limps into a recovery. Gas may be sitting at a reasonable $2.72 a gallon now, but analysts at the Automotive Lease Guide predict it will be over $4 by 2013. Considering how long it takes to develop a

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Tags: Cars, gas
Tuesday, July 20, 2010 5:16 pm
By Claes Bell · Bankrate.com

It looks like banks’ improving economic outlook and desire to boost profits is turning a hair dryer on the car loan credit freeze. The Associated Press is reporting car loan approval rates are rising, especially for borrowers with higher credit scores: “The loan approval rate for customers with the highest credit scores was 90 percent

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Monday, July 19, 2010 3:48 pm
By Claes Bell · Bankrate.com

News today that Volkswagen is looking to boost its share of the U.S. car market from the paltry 2 percent it’s sitting at now. Worldwide, Volkswagen is the third largest automaker in terms of production, so it does seem a little odd the German automotive giant doesn’t have a bigger footprint in this country. The

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Tags: Cars, Volkswagen, VW
Saturday, July 17, 2010 8:00 am
By Claes Bell · Bankrate.com

Recently Chrysler announced a new incentive for buyers that will cover their first two months’ worth of car payments and allow them to return vehicles they don’t like. The incentive applies to all Chrysler vehicles except the Dodge Viper and the Jeep Wrangler. On the surface, it sounds pretty tempting. In my experience, a lot

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Wednesday, July 14, 2010 12:40 pm
By Claes Bell · Bankrate.com

Toyota recently corrected the electronic stability control problem in its Lexus GX 460 SUV that drew a “Do Not Buy” rating from Consumer Reports. The defect had previously made the SUV vulnerable to roll over in Consumer Reports tests. What’s interesting about this fix is that it shows off one of the strengths of the

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Friday, July 9, 2010 12:20 pm
By Claes Bell · Bankrate.com

This is going to be my last post on new cars vs. used cars for a little while as I head out on a much-needed vacation. For those keeping score, used cars have won a decisive victory in the Cars Blog comments section and after numerous smackdowns, I’m crying uncle (at least for the time

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Thursday, July 8, 2010 3:04 pm
By Claes Bell · Bankrate.com

Many readers were a little uneasy with my post about how new-vehicle incentives are affecting the age-old new car vs. used car question. I can understand that; the conventional wisdom in the frugal community seems to be that depreciation, especially with that dreaded “50 percent as soon as you drive it off the lot” rule

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Tuesday, July 6, 2010 4:55 pm
By Claes Bell · Bankrate.com

There were lots of great comments from readers on my last post on whether to buy a new car or a used car. Commenter Debra James weighed in against thinking of cars as a monthly expense: “I still stand by my belief that if you can’t afford to pay cash, or in the event of

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Friday, July 2, 2010 10:55 am
By Claes Bell · Bankrate.com

I got a ton of great comments on the my post about new cars vs. used cars, so I’ll add a little more fuel to the fire. Michelle Krebs over at Auto Observer posits that with used car prices rising fast and many new-car incentives still inflated thanks to the decrepit economy, buying a new

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