In the late 1950s a cover of a leading do-it-yourself magazine pictured helicopter-like flying cars and predicted we’d all be driving one by the year 2000. Ten years later a similar magazine suggested that we’d all have cars with turbine engines under the hood that could run on salad oil or kerosene as easily as on gasoline. By the 1980s those supposedly in the know predicted that technology would conquer the problems associated with the electric car. New batteries, they said, would finally take electrics out of the horse-and-buggy era and make them viable. Read more . . .
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How will you buy your next vehicle?Will you click on an online buying service, gather some information and then fill out a computer form to make your purchase? Or will you make the more traditional trek from dealership to dealership parrying with car salespeople before making your purchase? Or will your experience be some combination of these two extremes?
One thing is certain: the business of selling vehicles is changing minute-by-minute, but just what the process will morph into no one, not even the purported experts, Read more . . .
There is no simple correct answer to the lease/buy question, just as there is no simple answer to the question: should I wear a white sweater while eating Spaghetti Bolognese? Making the right decision for yourself is a matter of your personal desires, values, current financial status, and your ability to avoid making a mess of things.
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Auto leasing has been around for decades and once upon a time offered small business owners significant tax advantages. Those days are long gone, but leasing has caught fire in the last few years, spurred by manufacturers who use special lease deals to promote their vehicles. Industry experts estimate that next year leasing will represent as much as 35% of the new-car market. Among the luxury brands it’s often as high as 80%.
Certainly with this kind of acceptance Read more . . .
Would you buy a used car–with cash–from someone you just met in the bar, and who walked you down a dark alley to show you the car? Not likely. How about from a well-dressed, friendly, middle-aged man or woman, who placed a classified ad in your local newspaper, and who meets you midday at a restaurant of your choice?
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Oops! You may be more likely to be cheated by seller number two. That’s the story of Jennifer Warwa, who bought a minivan and had her mechanic examine it. The mechanic later said how shocked he was that Jennifer had been scammed:
“Because I met the gentleman who was selling the vehicle. Very clean cut. In his fifties. Very soft spoken…. And Read more . . .
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