Personal Finance Advice and Commentary

There are a lot of reasons for frugal folks to be wary of buying luxury cars: massive depreciation, a thirst for expensive high-octane fuel, and of course, high auto insurance premiums. If you’re wondering why people pay higher prices to insure expensive cars, look no further than a news story from Monaco, in which one

For frugal car buyers, there’s nothing more important than a car’s long-term reliability. No one wants to be stuck paying off an auto loan on a car that’s having constant mechanical issues. J.D. Power released its annual vehicle dependability study this week, and the results were pretty surprising. The study surveys owners of major brands’

This week Cadillac became the latest luxury automaker to announce plans to offer free scheduled maintenance on 2011 models for the first four years or 50,000 miles of ownership. This idea isn’t new; Audi and Mercedes Benz have offered free maintenance on their cars in past years and BMW, Volvo and Jaguar are currently offering