Cars Blog

Friday, July 9, 2010 12:20 pm
By Claes Bell, CFA · 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, CFA · 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, CFA · 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, CFA · 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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Thursday, July 1, 2010 9:30 am
By Claes Bell, CFA · Bankrate.com

This week Tesla Motors, which produces the all-electric Tesla Roadster and has plans to produce a full line of all-electric cars, raised a cool $226 million through an IPO. There were doubts in the media about whether the IPO, which was the first for a U.S. automaker in 54 years, would actually raise much money,

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Tuesday, June 29, 2010 1:25 pm
By Claes Bell, CFA · Bankrate.com

Apparently women are the more practical sex when it comes to buying cars. This month new car pricing site TrueCar.com released the results of a survey of car registrations broken down by whether the owner was male or female. The brands that had the lowest percentage of female registrants were high-priced, high-performance brands: There were

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Tags: auto, Cars
Saturday, June 26, 2010 4:42 pm
By Claes Bell, CFA · Bankrate.com

Toyota gave word recently that they’re planning on putting a hydrogen-powered car into production by 2015. The company’s goal is to price the car at $50,000. That seems like a lot when you look at zero-emissions vehicles like the Nissan LEAF, which is projected to sell for around $25,000 after government rebates. And it’s kind

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Friday, June 25, 2010 4:28 pm
By Claes Bell, CFA · Bankrate.com

The financial regulation bill nearing a final vote contains a big win for auto dealers. Thanks to hard lobbying and powerful friends in Congress, your next auto loan probably won’t be regulated by the soon-to-be-established Consumer Financial Protection Bureau. Why did they seek the exemption and instead seek to continue being monitored by the Federal

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Thursday, June 24, 2010 3:51 pm
By Claes Bell, CFA · Bankrate.com

Remember subprime? The billions of dollars worth of credit card, mortgage and auto loan debt that turned out to be completely toxic? Well it looks like General Motors is pushing to get back into subprime and party like it’s 2006. CBS News has a story this week on how General Motors is negotiating with banks

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Tags: Ally, Cars, GM
Wednesday, June 23, 2010 5:25 pm
By Claes Bell, CFA · Bankrate.com

Looks like your next auto loan may not be vetted by the Consumer Financial Protection Agency, or CFPA, being cooked up in Washington. The excellent Annie Lowrey over at The Washington Independent reports today that the dealer exemption made it into the conference report, the document created by negotiations between the House and the Senate: 

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