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July 2011 Entries

Jul27

Q&A: Lease or buy? Not a cut-and-dried answer





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Jul27

Shocker: Car Buyers Want Higher MPGs, Don't Want To Pay For It





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Shocker: Car Buyers Want Higher MPGs, Don't Want To Pay For It

Reading the news reports, it looks like the White House and automakers may be closing in on an agreement to raise corporate average fuel economy standards to 54.5 mpg.

Consumers are all in favor of raising gas mileage requirements for new cars, according to a new online poll of 1,100 U.S. drivers from LeaseTrader.com.

Fully 72 percent want to see higher fuel efficiency rules enacted.

But there's a little problem: They don't want it to cost much, if anything.

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Jul15

LeaseTrader.com: Sales Up for Tow Vehicles





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Jul11

Americans abandon unaffordable auto leases





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Americans abandon unaffordable auto leases

America's unsettled economy has made cash-poor drivers do whatever they can to get out of their auto leases so they can drive more affordable wheels, according to data from June analyzed by LeaseTrader.com. In June, 54.7% of drivers who abandoned or transferred leases blamed money woes.

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Jul11

U.S. demand for trucks grows as gas prices fall





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U.S. demand for trucks grows as gas prices fall

A U.S. Energy Department's report says gas has fallen 46 cents per gallon since May and is now averaging about $3.50 per gallon, down from around $4 per gallon in the spring. During this period, demand for mid-size truck and SUV leases has risen 8.3%, according to statistics analyzed by LeaseTrader.com.

“Throughout spring when gas prices rose sharply, the anticipated ascension of fuel-efficient vehicle demand came to fruition,” said Sergio Stiberman, CEO of LeaseTrader.com.

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Jul11

Driver Education ... A wise investment





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Driver Education ... A wise investment

During the course of my 40-plus years driving, I’ve been afforded the opportunity to participate in numerous driver education programs, some in classroom settings and many behind the wheel. Unfortunately the average driver can operate a motor vehicle in most states without any requirements for continuing education.

Nearly every state has adopted some form of a strategic highway safety plan. Unfortunately, not one state has included continuing driver education in their initiatives...

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Jul11

As Gas Prices Fall, Demand for Midsize Trucks/SUVs Rebounds





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As Gas Prices Fall, Demand for Midsize Trucks/SUVs Rebounds

As gas prices continue to fall, dealers might see demand for mid-size trucks and SUVS make a comeback, according to LeaseTrader.com’s latest findings.

After springtime highs came in at around $4 per gallon and devastated these very same market segments, the almost 50 cent per gallon drop since May seems to have had just the opposite effect.

LeaseTrader.com noted it is already seeing much higher demand for previously suffering automotive segments, such as midsize trucks and SUVs...

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Jul08

Fuel Prices Down, Mid-Size Truck and SUV Leases Up





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Fuel Prices Down, Mid-Size Truck and SUV Leases Up

The demand for mid-size truck and SUV leases has rebounded with the drop in fuel prices according to LeaseTrader.com - a site for car shoppers who want to assume the lease of consumers who want to terminate their current lease. All figures are relative to same month of 2010 to the current year. The Energy Department's Energy Information Administration says gas prices have dropped to a national average of about $3.50 per gallon - down more than 40 cents since early May. Fuel prices...

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Jul08

US fuel efficiency in new cars falls for 3rd month





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US fuel efficiency in new cars falls for 3rd month

* TrueCar's industry average at 21.6 miles per gallon

* Lease deals for larger SUVs, trucks rise -- LeaseTrader

DETROIT, July 7 (Reuters) - Americans slowed their drive for fuel efficiency for a third month in June, with the average mileage of new car and trucks falling as gasoline prices receded.

The fuel efficiency in new cars and trucks sold in June in the U.S. market slipped 1.4 percent to 21.6 miles per gallon from 21.9 mpg the previous month, according to online car...

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Jul07

How a Co-Signer Can Deal With a Loan in Default





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How a Co-Signer Can Deal With a Loan in Default

So a loan you co-signed went belly up. Whether it was for a friend, co-worker or family member, your first and most pressing job is to fix the financial end of the problem.

Co-signed loans are growing more pervasive, likely due to changes in the lending climate in this sluggish economy. According to the auto website LeaseTrader.com, co-signed car loans backed by children (not parents) have risen by 29% during the past two years.

But no matter who co-signs the loan, if there’s a...

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