By on October 22, 2016

2015 Volvo S60 Sedan

Autumn is here, leaves are falling, and dealers are marking down remaining 2016 inventory to free up room for models that won’t sound old in three months.

It’s a good time to hunt for that smoking deal on the 2016 vehicle of your dreams, but if your dreams — and bank balance — fail to reach that goal, looking back another model year could save you a lot of money.

New car looks and a low entry price can be yours if you’re willing to live with a vehicle boasting limited appeal and awful resale value. These are your best bets. (Read More…)

By on August 22, 2016

dealership

One- to three-year-old-vehicles are pouring back onto dealer lots, but the predicted drop in used vehicle prices hasn’t happened yet.

Consumer choices (meaning: trucks, trucks, trucks) and the high value of returning vehicles are keeping used prices near record levels, but analysts still expect a drop later this year, Automotive News reports. (Read More…)

By on August 11, 2016

2014 Toyota Corolla Exterior

Owners of orange or yellow cars should consider themselves blessed, especially if they’re planning on selling.

A study of 1.6 million three-year-old vehicles by iSeeCars.com reveals that a vehicle’s paint color has a big effect on depreciation and the amount of time it takes to sell. (Read More…)

By on June 17, 2016

About the only plug-in action most Prius owners get. Picture courtesy Toyota.

Electrified transportation isn’t catching fire in the new vehicle market, but sales are positively scorching at used car lots.

The top three fastest-selling one- to three-year-old vehicles in the U.S. today aren’t pickups or SUVs, but a low-volume plug-in hybrid and two EVs, according to automotive data and research company iSeeCars.com. (Read More…)

By on March 31, 2016

volkswagen-jetta-tdi-clean-diesel-event-no-better-time-to-buy-large-3

Stephen writes:

Hi Sajeev,

I’ve toyed with the idea of turbocharging a 2.sl0w just for giggles and TORQUE, but the quest has to make some sense economically, or else the finance minister will not approve. Then it hit me: just how LOW in price have those older dirty diesels gone, anyway? You know, the ones with that lovely 236 pounds-feet of torque.

In other words, can I just get the torque without the spending abyss and busting my knuckles? Small data-set wise, four-cylinder manual Jettas with 64,000 miles average a diesel premium of only $675. At that consideration point, say 2010-ish Jetta, there is no economy for the project and I could jump right into the lovely torque.

So my question to you, on behalf of Torque Lovers Everywhere: is it time to pounce on diesel?

(Read More…)

By on January 29, 2016

DSC01993

I wish I had $100 for every time someone told me their rare car was going to shoot up in value. If I did, I would invest it in the stock market, which is something that actually might shoot up in value. Their rare car, of course, will stay behind, largely due to the old adage that just because something’s rare doesn’t mean it’s valuable.

I remember the first time someone told me their car was rare and so it would increase in value. I was in high school, and a classmate of mine had just bought a Jeep Liberty Freedom Edition, or some such bizarre Jeep special edition where they change the wheels and add two-tone seats in an attempt to get people to buy it.

(Read More…)

By on August 26, 2015

18 - 2000 Volvo S80 T6 Junkyard Car - photo by Murilee Martin

I promised more 21st-century Junkyard Finds recently, so here’s a high-end Volvo with turbo boost rivaled only by its turbocharged depreciation levels. Yes, it’s the Volvo S80, complete with twin-turbo 286hp tranverse-mount straight-six. (Read More…)

By on August 25, 2015

4 a.m.

The alarms clocks ring. Both of them. Just in case I get any funny ideas.

I go through the semi-conscious motions. Clothes… suitcase… glasses… coffee… breakfast. By 4:15 a.m, I’m out the door and driving to the airport in a 21-year-old Geo Prizm. I figured that a 5-speed and a stark lack of noise insulation will keep me alert. Thanks to Atlanta’s penchant for using steel plates to cover up every possible pothole on the road, I am not disappointed.

(Read More…)

By on August 3, 2015

16 - Junkyard 1998 Audi A8 - Photo by Murilee Martin

I see so many stunningly depreciated German luxury cars in pretty nice condition at the cheap self-service wrecking yards that they don’t register in my consciousness much more than your typical Sebring or Sephia. These days, though, I’m making an effort to notice such cars, since it seems that many of you thought this big V12-powered BMW was interesting.

I was headed over to the Denver U-Pull-&-Pay last week, in search of some bits for my ’41 Plymouth project, and I resolved to find and photograph a high-end Audi. Sure enough, here’s this clean A8, not as new as I’d like, but still an excellent example of what happens to such cars soon after they get into the hands of their third or fourth owners. (Read More…)

By on April 15, 2015

 

Nice intake. (photo courtesy: finance.zacks.com)

N.C. writes:

Sajeev,

We have 5 cars and 4 drivers. My wife and I drive the three oldest vehicles: 2003 LS430, 2005 Z4, and 2000 Frontier. My question is regarding collision insurance on the Lexus and the BMW. I currently carry full coverage on both and am considering dropping collision coverage to save money. (Read More…)

By on November 24, 2014

 

Because SedanLimo. (photo courtesy: forums.vwvortex.com)

TTAC Commentator Nick 2012 writes:

Archangel of the Panther Platform –

A nice looking 2005 LWB Lincoln Town Car with only 107,000mi popped up for sale at a nearby dealer with a what-I-hope-to-be-optimistic $8,000 asking price. As any follower of the good book of fat Panther Love(tm), I keep my eye out for a good one on the local boards.

I took a new position a while back that has me commuting about 65mi a day – about 90% interstate. Going from my comfortable, competent Accord to the extremely comfortable TC would cost me about $10/week in increased fuel costs if I exclusively used the TC (which I wouldn’t do).
(Read More…)

By on June 2, 2014

Earl writes:

Hi Sajeev,

My wife wants me to sell our pristine, time-capsule 90 Cressida for a 4Runner (or similar) because we live in winter-world. I am looking at used 4Runners and the prices are crazy. Typically a rusted 1996-98 with 350-390,000KM will be asking $5,000 – $6,000CDN. I have seen Lexus LS with half the mileage, far better condition and all services done for that price.

What gives? Are 4Runners that good? (Read More…)

By on December 20, 2013

best-hybrid-cars-2013-consumer-reports-480

The Toyota Prius was ranked at the top of Consumer Reports’ Best New Car Value scoring for the second year in a row. CR’s analysis ranked over 200 vehicles on performance, reliability and costs and determined that over five years the Prius will cost 47 cents per mile to own and operate. Lower depreciation and operating costs for the Prius offset paying a premium for the hybrid.

“The Prius’ 44 mpg overall is the best fuel economy of any non-plug-in car that Consumer Reports has tested,” Rik Paul, the magazine’s automotive editor, said in a statement. “Though it’s not particularly cheap to buy, the Prius’ depreciation is so low that it costs less to own over the first five years than its initial MSRP. We call that a bargain.” (Read More…)

By on December 2, 2013

barkflex

Everybody on the internet knows that buying new cars is just plain stupid. New cars, after all, are just “depreciating hunks of metal.” New cars depreciate an average of 20% immediately, and then go down another 15% each year after that, according to sources such as KBB and Edmunds. According to every message board I’ve ever read, buying a new car will probably cause you to lose your house, get divorced, and be sent to the Chateau d’If for thirteen years.

But how true is that? And if it is true, does it matter? Let’s find out.
(Read More…)

By on September 25, 2013

James writes:

Sajeev,

My question is – when should I sell my current car? Our family runs a 2004 Pontiac Vibe with 109k miles. It is our only car and it seems to run better since it broke the 100k mark. It has been exceptionally reliable, cheap to own, and gets excellent mileage – I get 29mpg average! We like being a one car family and intent to keep it that way unless we suddenly become independently wealthy. (Read More…)

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