A $75,000 salary can put a surprisingly nice car within reach, but it does not mean a $50,000 car suddenly becomes a smart purchase. The real question involves more than whether a lender will approve the loan. It comes down to how much room the car … [Read more...] about How Much Car Can You Actually Afford on a $75,000 Salary?
A $20,000 price cut can make a house look like the deal of the century. It can also be the financial equivalent of finding a suspiciously cheap steak at the grocery store and wondering what happened to it before it reached the clearance bin. When a … [Read more...] about A $20K Price Cut Usually Signals A Failed Inspection — What To Ask Before You Lowball
Picture the paperwork after a serious crash: the car sits in a repair shop, the insurance adjuster starts crunching numbers, and the auto lender still expects the remaining loan balance. The vehicle is worth $18,000, but the loan balance sits at … [Read more...] about Your Car Is Worth $18,000 but You Owe $26,000. What Happens If It Gets Totaled Tomorrow?
There is a particular kind of household box that never gets thrown away. It contains old coins, a watch that stopped working sometime during the previous administration, a stack of baseball cards, strange-looking tools and perhaps a belt buckle … [Read more...] about The Stuff Men Keep “Because It Might Be Worth Something” — What’s Actually Valuable?
The dealer asks, “What monthly payment are you looking for?” It sounds like a perfectly reasonable question, but that number can make a car deal look much better than it actually is. The better question comes first: “What is the out-the-door … [Read more...] about The Dealer Wants to Talk Monthly Payment. Here’s the Number You Should Ask for Instead
Federal safety regulators have expanded an investigation into potential brake-assist failures to more than 1.1 million vehicles that use General Motors' eBoost braking system. The National Highway Traffic Safety Administration opened Engineering … [Read more...] about NHTSA Expands GM Brake Investigation to More Than 1.1 Million Vehicles
Federal auto-safety regulators have opened an investigation into how Tesla certified its new Cybercab as meeting federal safety standards after the driverless vehicles began commercial deployment in Austin, Texas. The National Highway Traffic Safety … [Read more...] about NHTSA Opens Investigation Into Tesla Cybercab Safety Certification After Austin Launch
More than 328,000 Jeep Grand Cherokee SUVs are being recalled because improperly installed rear coil springs could detach while the vehicle is moving—and some owners who already brought their Jeeps in for an earlier recall will need another repair. … [Read more...] about Jeep Recalls 328,381 Grand Cherokees Because Rear Coil Springs May Detach While Driving
