Cars Blog

Thursday, May 27, 2010 4:47 pm
By Claes Bell, CFA · Bankrate.com

Memorial Day, in addition to being a great and necessary celebration of the men and women of our armed forces, is also one of the biggest car shopping days of the year, and this year is likely to be no exception. Fortunately for those who will be hitting dealerships this weekend in search of a

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Tags: auto loan
Thursday, May 27, 2010 11:02 am
By Claes Bell, CFA · Bankrate.com

When you’re piling into the car for a Memorial Day road trip, make sure you start off by buckling your seat belt. This week, U.S. Secretary of Transportation Roy LaHood announced the latest iteration of the Click It or Ticket seat belt enforcement push, which will last until June 6. Thirty states have what’s called

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Tuesday, May 25, 2010 2:57 pm
By Claes Bell, CFA · Bankrate.com

Some good economic news today: It looks like more people are staying current on their car loan payments. A new TransUnion report shows the number of car loan borrowers more than 60 days late on their payments fell 18.52 percent compared to the same time last year. Interestingly enough, the lowest delinquency rate is in

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Tags: car loan
Monday, May 24, 2010 10:35 am
By Claes Bell, CFA · Bankrate.com

In the wake of the Toyota recall, a broad coalition of automakers announced their support for making “black box” data recorders and brake override systems mandatory on new cars. What exactly would these safety features do? Black boxes, or event data recorders as they’re called in the biz, would record everything that happened to a

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Tags: auto, car, Cars
Friday, May 21, 2010 4:46 pm
By Claes Bell, CFA · Bankrate.com

So after further reading of the house bill, plus a helpful e-mail from Bailey Wood over at the National Auto Dealers Association, it appears that buy here, pay here auto dealers will be covered by the Consumer Financial Protection Agency if they routinely make auto loans directly to consumers. That’s good news, because it means buy

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Friday, May 21, 2010 12:26 pm
By Claes Bell, CFA · Bankrate.com

The next few days of negotiation on the financial regulation bill could have a big effect on your next auto loan. That’s because, with the passage of the financial regulation bill through the senate, the Brownback amendment exempting car dealers from the new regulations is frozen out of the senate bill for good. This may seem

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Thursday, May 20, 2010 11:32 am
By Claes Bell, CFA · Bankrate.com

Are family sedans the automotive equivalent of long skirts? It’s often said you can measure how the economy’s doing by looking at women’s hemlines. The longer womens’ skirts are on average, the worse off the economy is, or so the axiom goes. Does the return of the sensible, conservative family sedan send a similar message that

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Wednesday, May 19, 2010 12:59 pm
By Claes Bell, CFA · Bankrate.com

There’s an interesting article on Bankrate today on the benefits of becoming a one-car family. It got me thinking about the process my family went through to cut down to one car. I have to be honest here and give my wife credit: it was her idea. We started talking about getting rid of one

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Tags: frugal, saving
Tuesday, May 18, 2010 2:22 pm
By Claes Bell, CFA · Bankrate.com

Volkswagen recently unveiled a plug-in electric car version of their Golf compact, which it plans to roll out in the U.S. market by 2013. Like Nissan’s LEAF, the Golf Blue-E-Motion will be a pure electric car, in contrast to GM’s much-touted gas-electric hybrid Volt. If you’re considering a pure electric, you’ve probably already made peace

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Saturday, May 15, 2010 8:00 am
By Claes Bell, CFA · Bankrate.com

German researchers recently demonstrated a minivan they’ve modified to allow it to be driven via eye movement. The minivan collects input from the driver via a system of GPS, cameras and laser eye sensors built into a helmet worn by the driver. Apparently Associated Press writer Juergen Baetz also envisioned the chaos and carnage that

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Tags: minivan, Toyota
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