There’s a tactic some car dealers use that has persisted for decades. Whether 30 or 40 years ago, it’s resurfacing today and gaining recent attention in the news. Dubbed a bailment agreement, it’s a subtle yet impactful maneuver that can jeopardize your purchase. Also known as yo-yo or comeback, it involves the dealer calling you […]
So you’ve encountered title issues with your vehicle and stumbled upon numerous online claims about resolving them. Some discussions revolve around the Vermont loophole, abandoned vehicles, or mechanic liens. But let’s debunk some of these notions because not all the information you find online is accurate or safe to follow blindly. We’ll dissect these methods’ […]
The state of California stands at the forefront of electric vehicle (EV) promotion, boasting one of the most aggressive stances in advocating for their use and sale. Their EV rebate program, combined with federal incentives, has significantly boosted sales. Notably, zero-emission vehicle sales, especially EVs, have surged by 19%, showcasing substantial progress. Budget Constraints and […]
So, the value of used cars has experienced significant fluctuations in recent years. Many cars have seen a dramatic spike in their values, making it increasingly challenging to find reasonably priced used vehicles. Impact on New Car LeasingThis surge in used car values is not just affecting the used car market but is also significantly […]
In a recent Fortune Magazine article, a colossal financial publication, a disturbing scenario surfaced: a subprime auto lender on the brink of collapse. This dire situation triggered an influx of calls from distressed individuals who, having bought a car through a dealership that shut down before issuing their title upon full payment, found themselves in […]
The market trajectory for used cars, despite a slight dip post-pandemic, continues to surge. Cox Automotive data reveals a 4.3% hike in wholesale used car prices from January to February, marking the most significant increase in over a decade. Implications for OwnersFor current owners, this surge signifies sustained value retention. Unlike the historical rapid depreciation […]
If you’re a car enthusiast seeking vehicles on platforms like Craigslist or through barn finds, encountering vehicles without titles isn’t uncommon. For years, a loophole in Vermont facilitated title acquisition, as highlighted in publications like Hagerty Insurance, Car and Driver, Jalopnik, and our website, Car Titles. However, in June 2023, Vermont closed this loophole under […]
Over the past three years, the scarcity of new cars has significantly impacted the availability of used vehicles on the market. The shortage in new car manufacturing has resulted in fewer used cars entering the market, making them increasingly rare to come by. Potential Deals in the World of Used EVsAmidst the scarcity of traditional […]
When a dealership faces closure or bankruptcy, the ramifications for buyers can be substantial. The potential issues with title transfers and ownership can leave purchasers in a precarious situation. Transfer Troubles in BankruptcyIn recent times, several prominent automotive retailers, including Shift, have filed for bankruptcy. This trend extends beyond individual dealerships to encompass larger companies, […]