used cars

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Americans Are Keeping Their Cars Longer Than Ever

Average passenger vehicle on the roads is now 12.5 years old

(Newser) - With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle. Holdsworth, a 35-year-old grocery store worker...

Attention, Used-Car Buyers: Prices Are Rising Again

For those in the market for a secondhand vehicle, it might not pay to wait

(Newser) - Well, it was nice while it lasted. For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. The relief felt belated and relatively slight, but it was welcome nonetheless. From an eye-watering peak of $31,400 in April...

Average New Car Loan Tops $40K as Prices Climb

Used buyers also are borrowing more

(Newser) - Gas gets more attention, but the price of new vehicles has skyrocketed, too—hitting a record average of $46,259 this month. That's led to another record: The average new vehicle loan in the US reached $40,290 in the second quarter, Experian reported Thursday. The company calculated that...

Here's How Expensive It Is to Buy, Own a Car

Average price paid for a new vehicle hit the highest on record in July

(Newser) - It's more expensive than ever to purchase a new vehicle, and keeping it on the road is becoming more costly, too. The average cost of owning a new vehicle is currently $10,728 per year, or $894 per month—up 11% from 2021, according to AAA , which considered the...

Affidavit: Man Sold Troubled Car in 1986 Gets His Revenge
Affidavit: Man Sold Lemon of
a Car in 1986 Gets His Revenge
in case you missed it

Affidavit: Man Sold Lemon of a Car in 1986 Gets His Revenge

Dewey Fredrick of Indiana could spend the rest of his life in prison if convicted of arson

(Newser) - A 79-year-old Indiana man is facing up to 48 years in prison after allegedly exacting revenge on a car dealership that earned his resentment almost as many years before. As the Washington Post reports, Dewey Fredrick "bought a lemon of a Jeep" from a car dealer in Fort Wayne,...

Some New-Car Buyers Seeing Real Sticker Shock
Some New-Car Buyers
Seeing Real Sticker Shock
The Rundown

Some New-Car Buyers Seeing Real Sticker Shock

Some luxe brands selling for thousands over MSRP, but overall prices declining from December

(Newser) - While buyers of new higher-end SUVs, sports cars, and pickup trucks have been paying thousands more than the recommended sticker price, the overall price of new vehicles is slowly on the decline, multiple sources report. Classic trends such as leasing are also changing with the times:

Used Car Prices Keep Getting More Shocking

'What used to be a $5K car is now $8K. What used to be $8K is now $11K or $12K'

(Newser) - A couple of months ago, a woman paid a visit to Jeff Schrier's used car lot in Omaha, Nebraska. She was on a tight budget, she said, and was desperate for a vehicle to commute to work. She was shown three cars priced at her limit, roughly $7,500....

A Bizarre Truth About the Vehicle You're Driving
A Bizarre Truth About
the Vehicle You're Driving
in case you missed it

A Bizarre Truth About the Vehicle You're Driving

It might be worth more now than what you paid for it new

(Newser) - "It just seems like we're in fantasy land." So declares New England auto dealer Abel Toll to the Wall Street Journal . He's referring to his own industry at the moment, which is seeing strange things happen on the sales floor for a variety of reasons. (A...

Average Age of US Cars Hits Record High

It may be a pandemic blip, research firm says

(Newser) - In 2020, the average vehicle on Americans roads was almost a teenager, according to research firm IHS Markit. The company, which produces an annual report on the age of American vehicles, says the average age of cars, light trucks, and SUVs hit a record high of 12.1 years, up...

Owner Insults Potential Buyers in Profane Used-Car Ad

'This isn't the car you want, it's the car you deserve'

(Newser) - Looking for a car that's old enough to vote, listens to the Gin Blossoms, and boasts absolutely no amenities? Brendan Tokarski has found your perfect ride. Per the Daily Mirror , Tokarski spied a "savagely honest" Craigslist ad out of Houston trying to dump a 1999 Toyota Corolla, and...

Guy's Used Car Ad Better Than a Summer Blockbuster

This 1996 Suzuki Vitara has truly lived the life of a 'legend'

(Newser) - Eugene Romanovsky is selling his "best friend for 10 years," Slate reports. According to a rollicking viral video created by Romanovsky, he and his best friend have traversed the desert, climbed mountains, fled an avalanche, escaped the dinosaurs of Jurassic Park, and even traveled to the moon. His...

20 Worst Used Cars
 20 Worst Used Cars 

20 Worst Used Cars

Compiled by Consumer Reports

(Newser) - The only thing worse than buying a lemon is buying a used lemon. Here's a list of 2012's worst used cars compiled by Consumer Reports and courtesy of ABC News .

10 Things That Are Really Expensive Right Now

Used cars and frozen turkeys aren't as cheap as they used to be...

(Newser) - With the economy still suffering, demand for goods has been generally low. This, paired with low availability in many cases, has forced the prices of a number of goods to inch toward new highs. 24/7 Wall Street lists 10 products that are at or near their all-time greatest costs:
  1. Turkey:

Pry My Clunker From 'My Cold, Dead Fingertips'
Pry My Clunker From 'My Cold, Dead Fingertips'

Pry My Clunker From 'My Cold, Dead Fingertips'

(Newser) - Some cars’ gas mileage is good enough to make them ineligible for the cash-for-clunkers program—but that’s not the only reason David Holahan doesn’t want to turn in his old rides. “I’m all for stimulating the economy, cleaning air, and improving fuel economy,” he writes...

Used-Car Dealers: Program's a Clunker

Other groups also unhappy with government rebates

(Newser) - The Cash for Clunkers program has proven to be a shot in the arm for the new-car market, but not everyone's a fan. Used-car dealers say their business is suffering, the Sacramento Bee reports. "The used side sort of slipped" since the program started, said one Honda dealership manager....

'Cash for Clunkers' Can't Beat Buying Used
 'Cash for Clunkers' 
 Can't Beat Buying Used 

'Cash for Clunkers' Can't Beat Buying Used

(Newser) - The government’s Car Allowance Rebate System—the “Cash for Clunkers” plan—goes into effect today, but it might not be such a good deal for you or the environment, Elisabeth Leamy and Nathalie Tadena write for ABC News. New-car buyers who trade up more than 4mpg in mileage...

Drivers Learning to Love Older Cars

Maintenance cheaper than payment for newer models, consumers find

(Newser) - Thanks to the ongoing recession, drivers accustomed to trading in their vehicles often are warming to the idea of a longer covenant with their cars, the Wall Street Journal reports. While the concept might puzzle the less well-heeled, “the 3-year ownership mentality has crumbled,” one insider said. And...

Missing Airbags Threaten Drivers of Used Cars

Some dealers ditch safety for cash in 'life-and-death scam'

(Newser) - Used-car buyers, beware: Missing or ruined air bags are posing a threat to unsuspecting drivers’ lives, an NPR investigation finds. Some dealerships put greed over safety and sell cars that have been in accidents without replacing the protective pouches. Instead, they may stick faulty air bags back in the car,...

SUV Apocalypse Nears
 SUV Apocalypse Nears

SUV Apocalypse Nears

Sales fall off as Americans opt for leaner, greener cars

(Newser) - America’s obsession with super-size cars seems to be running out of gas. The Daily Green reports on the seven signs of the SUV apocalypse:
  1. The numbers: Sales of small cars were up 11% in the first half of the year, while SUV and truck sales were down by 14%

GM, Ford Join Chrysler in Retreat From Leasing

As resale values plummet and credit tightens, automakers leave market

(Newser) - Ford and GM are joining Chrysler in moving away from auto leasing, the Wall Street Journal reports, signalling the end of an era in which leases allowed many Americans to drive more expensive cars than they could afford to buy. The move is prompted by falling prices for used SUVs...

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