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Smart buying decisions right now on automobiles
Decreasing gas prices and midyear model changeovers are two factors creating some unique buying opportunities right now in the car market. First, on the gas price front, we've probably all seen the prices at the pump dropping. I've already predicted that prices in some of the lowest-cost markets could start ...
Renting out your home or car comes with insurance hassles
Renting out your home or car for extra cash could leave you in a lot of financial hot water with your insurer. I've talked in the past about sites like VRBO.com, HomeAway.com and Airbnb.com as way to get a deal if you're looking for a rental, but also as a ...
Rising motorcycle sales signal economic recovery
There's an unusual and very loud economic indicator that says we are definitely in a recovery: Motorcycles! I read in The Milwaukee Journal Sentinel that motorcycle manufacturers are booming right now. That's a big changed from when we went into the Great Recession five years ago. At that time, motorcycle ...
Auto insurance market share war could drive down rates
A brewing market share war in the auto insurance industry could drive down the cost of insurance at a time when rates were supposed to be heading higher around the country. Allstate has been a troubled enterprise for a while with much dissension in the ranks. They use what's called ...
Car, credit industries booming with offers to sub-prime customers
After months of yellow light lending, consumers are again getting the green light for a flood of car loans and credit cards even if they have damaged or dinged credit. The big sales numbers the auto industry is enjoying right now are partly because of the new lower lending standards. ...
Lower gas prices could be coming
CLARKONOMICS: Gas prices in the lowest-priced markets in the United States could dip below the $3 mark this summer thanks to a variety of world factors both political and practical. Speaking politically, you have France's election of a new socialist president; the disruption in the Greek elections; and continuing political ...
The cost per mile to drive a new car is more than you think
AAA now estimates that its costs 60 cents per mile to operate a new vehicle. Despite the recent high cost of gas, fuel costs only account for less than a fourth of the expense of operation. So where is all the money going? Depreciation. When you buy a new car, ...
Ignition interlock can reduce repeat DUIs
DUI accidents remain stubbornly high at a time when we've reduced the overall number of people killed or injured in auto accidents. I've got a solution in mind that I'd like to see implemented across the country. Alcoholism is a disease. So it doesn't work to tell an alcohol that ...
Full coverage or just liability insurance on your auto?
Should you have full coverage, or just liability coverage, on your vehicle? It depends on the car! For example, a recent poster on our Facebook page asked if she should be paying for full coverage on her fully paid 2005 Toyota Tundra. Here's the bottom line: If you own a ...
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Best and Worst payback times on fuel-efficient cars
Most people are looking more closely at fuel-efficient vehicles, event though they can cost more upfront. Here are the rides that offer the best and worst payback for your car-buying dollar.
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