Payments for used auto loans have passed a key level – TheStreet | CarTailz

Buying a used car remains expensive even as supply chain bottlenecks have eased, pushing the average loan amount to $28,506. Consumers continue to rely heavily on financing to buy their car, and the average loan amount increased 8.59% year over year, according to credit rating company Experian. There are still a few rays of hope. … Read more

5 Risks to Lemons (Automobiles) and How to Avoid Them – Magnetic Magazine | CarTailz

A Lemon (Automotive) is a vehicle that does not perform as expected or does not meet its specifications. If you bought a lemon, in addition to the fact that you’re likely going to your local festival or live music event, you could face serious financial damage. But you should know that there is a lemon … Read more

Good offers for new cars could finally come back here – money | CarTailz

Usually around this time of year, automakers and dealerships lure buyers with special offers and incentives aimed at speeding up sales and clearing inventory. But it’s been difficult to land a great – or even good – deal on a new car lately, and buyers shouldn’t expect the market to improve much over the upcoming … Read more

“The monthly payments will be pushed even higher.” What can you do when you need to buy a new car? – Market observation | CarTailz

When average monthly new car payments topped $700 in May and car prices hit record highs, many potential car buyers chose to sit on the sidelines until the market normalized. According to data company Cox Automotive, the average monthly new car payment hit another record high of $748 in October. Average payments for used cars … Read more

No break for Carvana, the “Amazon of used cars” – TheStreet | CarTailz

Concerns are mounting about Carvana, the “Amazon of used cars”. The online car dealership has been an investor darling during the pandemic. They welcomed the new economy that wanted consumers to buy everything online: groceries, office equipment, transport tickets, meals, clothes, houses and cars. Carvana (CVNA) – Get a free report was a pioneer in … Read more

These 5 steps will get your car ready for sale – AARP | CarTailz

Although situations vary, you generally don’t want to do repairs that cost more than 10 percent of the car’s value, says Kimberlea Buczeke of RepairPal.com, a website with a calculator that estimates repair prices based on your location and age, make and model your vehicle. In most cases, new brakes or tires don’t make much … Read more

The future of parking is in New York — and it costs at least $300,000 a space — CNBC | CarTailz

Hidden deep beneath some of New York City’s most luxurious apartment buildings lies an exclusive world of futuristic parking lots where high-end vehicles are parked and picked up by robotic parking systems. The high-tech spots are a rare amenity in the Big Apple, and if you want your car to occupy one of these VIP … Read more

Carvana, the "amazon for used cars," Expresses Serious Concerns – TheStreet | CarTailz

Concerns are mounting about Carvana, the “Amazon of used cars”. The company has been an investor darling during the pandemic. They welcomed the new economy that wanted consumers to buy everything online: groceries, office equipment, transport tickets, meals, clothes, houses and cars. Carvana (CVNA) – Get a free report was a pioneer in the new … Read more

Los Angeles Auto Show focuses on electrification – Barron’s | CarTailz

The 2022 Los Angeles Auto Show, which runs through November 27, features new model launches, and it’s not surprising that many of them are battery-electric and hybrid. The industry is moving dramatically in this direction. But the internal combustion engine is still showing some signs of life, especially from performance automakers like Porsche. Here are … Read more

5 reasons why you should wait to buy an electric vehicle – MarketWatch | CarTailz

America’s automakers are going electric, but you shouldn’t. Not yet. To be clear, if your lifestyle calls for a car, you should plan to buy an electric car. Ultimately. Eventually, electric vehicles will be equal to or better than gasoline-powered cars in almost every way. Switching to electricity for our transportation needs will slow down … Read more