Personal Finance Advice and Commentary

Tuesday, April 15, 2014 4:25 pm
By Tara Baukus Mello ·

Think twice before using your tax refund to buy a car — at least for the short term.

Wednesday, August 07, 2013 6:05 am
By Tara Baukus Mello ·

More than 212,000 flood-damaged cars are on the roads all over the country, according to new data from Carfax.

Wednesday, February 06, 2013 6:05 am
By Tara Baukus Mello ·

More people buying a car this year means more car salesmen that are new on the job, according to a Chase study.

Thursday, November 08, 2012 9:42 am
By Tara Baukus Mello ·

Used-car prices are expected to increase in the near term as a result of Superstorm Sandy.

Wednesday, September 21, 2011 11:35 am
By Tara Baukus Mello ·

If you drive an older car, especially one that’s eight years old or older, you might think it’s immune from theft. After all, who would want it? But old cars are much easier for car thieves to steal than newer models because they don’t have the theft-prevention features that are standard on all cars today.

Wednesday, July 13, 2011 4:16 pm
By Claes Bell, CFA ·

I received an email this week from a rental car industry insider asking me if I had any figures on the percentage of late-model used cars that were originally owned by rental companies. I didn’t have up-to-date numbers for her, but we did eventually get into an interesting discussion about the merits of buying used-cars

Thursday, June 23, 2011 9:19 am
By L. Marie Joseph ·

With all of the negative financial news and stock market woes, it’s easy for youth to think achieving wealth is impossible. Of course, starting a business or become a Hollywood reality star can help anyone fast-forward their way to wealth. But for those of us who aren’t interested in building an empire, creating wealth is possible

Saturday, May 21, 2011 7:00 am
By Claes Bell, CFA ·

If you’ve been sitting on a used car for a while and have been waiting to sell, now is the time. Used-car prices may be nearing a peak, reports Tom Krishner of the Associated Press: People are holding on to cars and trucks for about a year longer than they did before the recession, which

Friday, July 09, 2010 12:20 pm
By Claes Bell, CFA ·

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

Thursday, July 08, 2010 3:04 pm
By Claes Bell, CFA ·

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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