Oil prices may be at all-time lows, but it’s still worth buying an electric car | Mashable

April 23, 2020April 22, 2020 ~ knjohn ~ Leave a comment

For the first time in 34 years, the price of a barrel of oil has dropped to historic lows — below $0 somehow, confusingly — but that shouldn’t erode efforts to go electric, especially for any future car purchases.

Sure, because of coronavirus social-distancing measures in most cities and states, roads are largely empty, cars are parked, most flights are canceled, and the buses and trains that are still running barely have passengers. Even auto insurance companies are recognizing how little we’re moving and offering discounts.

5 Mistakes You Can’t Afford to Make When Buying a Car | Gen X Finance

April 21, 2014 ~ lmehit ~ Leave a comment

Cars Are Great, But They Can Erode Your Wealth

For many of us, a car is a necessity. With our sprawling cities and an often lacking mass-transit system, unless you live in the heart of a relatively large city, you need a vehicle. While important, a vehicle is also one of the biggest wealth destroyers out there today, cars carry a lot of expenses. Just look around. What are people driving, and how much are they spending? It isn’t uncommon to see multi-car households with over $100,000 worth of vehicles parked in their garage. And they are rapidly depreciating assets on top of that! Cars can quickly eat away at your hard earned money and keep you from your goals of retirement or becoming a millionaire.

So, even though vehicles play an important role in many of our lives, and we need something comfortable and reliable, there are a few major mistakes you need to avoid when you’re buying a car. Just one relatively minor mistake can cost you thousands and put your other financial goals in jeopardy.

Confessions of a Car Salesman | Popular Mechanics

October 19, 2012 ~ lmehit ~ Leave a comment

Buying a new car can be a confusing, frustrating and downright unpleasant experience. But behind the haggling and the anxiety and the dramatic theater of the salesman going to talk to the manager, how does this process really work? One anonymous car salesman lifted the veil and gave us a taste of what it’s like on the showroom floor. And most importantly, our informant lets us know how we can get the best deals the next time we’re shopping for a new car.