New-car prices started skyrocketing in the early days of the pandemic when supply-chain problems and strong demand pushed them up, and then they just sort of kept rolling. Back in the first quarter of 2021, for example, General Motors said its transaction prices rose by an average of $3500...
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Before we get into the steps of buying a car, there are two things that Clark wants you to know.The first is that getting into heavy debt for a new car is a choice, which you don’t have to make.If you’re in need of a car but don’t want to pay new car prices, check out...
and W. Tax (1994): `New Car Test and Actual Fuel Economy: Yet Another Gap?', Transport Policy, 1, 257-65.Schipper, L., Tax, W. (1994) New Car Test and Actual Fuel Economy: Yet Another Gap? Transport Policy, 1(4), 257-265....
A new car is cheaper when it costs you less in installments and maintenance than a second-hand car. But it’s not just about the actual money spent. It’s also about your own emotional well-being knowing your car isn’t going to overheat and flake out in traffic every Monday morning....
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Insurance companies look at a number of factors to calculate your insurance prices. The age of the car is one of many factors. It’s typically cheaper to insure an older car. Older cars are less valuable. They don’t have the same safety features as newer cars. However, insurance prices...
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Advantages of Buying a Used Car “Pre-owned vehicles,” to use the marketing jargon for used cars, may lack the mystique of new cars. But they have some advantages. Lower prices.By the time a vehicle comes on the used-car market, much of its depreciation has already happened (and has ...