According to Auto Remarketing, the current market for used vehicles isn’t offering many deals. Despite a slight decrease in prices over the past months, the shortage of good, late-model, low-mileage vehicles persists, keeping prices stable. In fact, some auctions are witnessing price increases, indicating a continuing trend of price stability. Electric Vehicles: A Different StoryHowever, […]
If you’re remotely interested in automobiles, you’ve probably heard about the recent groundbreaking news shaping the future of the automotive industry. Hyundai’s decision to sell vehicles on Amazon starting in 2024 marks a pivotal moment. This move could revolutionize how cars are sold, potentially eliminating the additional costs associated with traditional dealerships. The shift toward […]
When considering whether to lease or buy a vehicle, prevalent financial advice often leans towards outright ownership. However, diving into a comparison between leasing and financing reveals intriguing aspects. For instance, let’s examine a $50,000 car—quite close to the current average price for new cars. The Financial Breakdown: Buy vs. LeaseIn this scenario, both buying […]
Owning a vehicle beyond your means can become a financial burden, especially if unforeseen circumstances hinder your ability to maintain payments. Whether it’s due to high interest rates, inflated market prices, or additional life expenses, handling an unaffordable vehicle can be challenging. The problem often lies in the discrepancy between the owed amount and the […]
Many cars are bought through loans, but these loans can become burdensome due to income constraints or a vehicle’s depreciation. Negative equity, when the owed amount exceeds the car’s value significantly, poses a substantial financial challenge. If payments become unmanageable, repossession becomes a looming threat. Escaping the Quagmire of Negative EquityThe rise in online searches […]
