Cars Blog

Wednesday, June 9, 2010 12:53 pm
By Claes Bell, CFA · Bankrate.com

Planning on buying a car soon? Like it or not, your purchasing decision, whatever it ends up being, will probably be influenced in some form by advertising. Car advertising is so ubiquitous and sophisticated that even the most hard-nosed, comparison-shopping frugality expert can’t completely discount its effects on his or her car buying process. Just

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Friday, June 4, 2010 2:20 pm
By Claes Bell, CFA · Bankrate.com

I took a long road trip up to Tennessee over the Memorial Day weekend, and one thing that struck me was how much the Gulf oil spill has changed the way I think about cars. There’s always been a tension between my love of cars (especially cars with powerful engines) and my conviction that our

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Thursday, June 3, 2010 10:40 am
By Claes Bell, CFA · Bankrate.com

Mercury had all the hallmarks of an American car brand on death’s door: a frumpy image, declining sales, a thin lineup of models and no clear path toward relevance. And so, in the wake of another disappointing sales month (down 10.7 percent to 9,128 vehicles), Ford has decided to shutter it for good. I have

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Tags: Cars, Ford, Mercury
Saturday, May 29, 2010 12:03 pm
By Claes Bell, CFA · Bankrate.com

I’ve been writing about the economic viability of electric cars lately. I’ve wondered whether Americans will accept cars with substantially shorter range than conventional cars, and whether the infrastructure needed to support electric cars would ever become a national reality. I’ve hoped the answer is yes, because there are a lot of things I like

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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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