Finance Column » Your Money This Week » Is your car older than a 5th grader?

Is your car older than a 5th grader?

By Holden Lewis ·
Monday, September 9, 2013
Posted 1 pm ET

The best thing about an old car is that it's paid for. To be frank, that's the only good thing about an old car, if it has an eternally glowing check-engine light and the window crank keeps falling off, like a certain 2000 Jetta TDI that I would be ashamed to show you.

Eleven years. That's the average age of an American car, and drivers are doing something about it: They're buying. Auto sales in August were their strongest since May 2007.

In this week's podcast:

  • Jeremy Acevedo, analyst for, describes the state of the auto market and explains why leases have been good deals lately.
  • Bankrate editor Doug Whiteman tells about companies that help employees get training that offers college credit.
  • David Nice, economist for Mesirow Financial, explains why he believes that interest rates have plateaued for a while.
  • And Bankrate reporter Janna Herron gives a first-person account of what happened when she corrected a glitch in her credit report. You wouldn't believe how much the correction raised her score.

Bankrate Audio



Washington Bureau Chief,






Economist, Mesirow Financial



Associate editor,



Credit Card Analyst, Reporter,

What's hot now that car sales are the best in years?

With cars and trucks selling briskly, can you still deal? And, what are the chances that interest rates are going to jump?


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