Accidents. Almost everyone encounters them at some point, and while many are thankfully minor, even small incidents can impact a vehicle’s value significantly. This depreciation often results in a financial loss for owners. Knowing how accidents—whether minor or major—affect a car’s worth is essential for both buyers and sellers. The following provides insight into the factors contributing to a vehicle’s loss in value following an accident.
Immediate depreciation is one of the most notable effects....
Friday, November 01, 2024
Thursday, October 31, 2024
Keeping a high-mileage car can be a smart financial choice with clear advantages but also some potential downsides. Here’s a look at when it’s worth sticking with an older vehicle and when it may be time to consider an upgrade.
One major advantage of high-mileage cars is cost savings. After a vehicle passes 100,000 miles, depreciation slows down, making these cars cheaper to own and maintain than newer models. Along with a lower purchase price,...
Wednesday, October 30, 2024
As the holiday season approaches, many service members find themselves far from family, fulfilling a commitment to serve our nation. In October 2023, the U.S. Army made a significant policy change by discontinuing the long-standing benefit of free storage for soldiers’ vehicles and personal belongings during deployment. For those already bearing the weight of being away from loved ones, this decision has added unexpected financial and logistical stress.
For years, free, Army-subsidized storage has helped...
Wednesday, October 30, 2024
Figuring out your car’s value isn’t always straightforward—it depends on multiple aspects like the car’s make, model, year, mileage, condition, and current market trends. Platforms like Kelley Blue Book (KBB), Edmunds, and NADA Guides can offer a quick value estimate, but are they fully reliable?
NADA’s data is widely respected, but some critics suggest it may not always reflect actual market conditions. Its valuations can rely on industry averages, potentially overlooking regional factors and other...
Tuesday, October 29, 2024
We are weighing in on this massive recall! September 2024, Ford Motor Company issued a significant recall affecting approximately 90,736 vehicles due to an engine issue that could lead to serious safety concerns. The recall impacts select 2021-2022 models, including the Ford Bronco, F-150, Edge, Explorer, and the Lincoln Nautilus and Aviator. Vehicles equipped with the 2.7-liter or 3.0-liter EcoBoost V6 engines—specifically from the 'Nano' EcoBoost series—are subject to this recall.
Ford’s recall addresses a...
Thursday, October 24, 2024
Verifying whether a vehicle's engine is original involves cross-referencing the engine number with the
Vehicle Identification Number (VIN). This process is essential for maintaining a vehicle's authenticity,
especially for classic or collectible cars, and it helps provide assurance to potential buyers about the
originality of the vehicle. Here's how to cross-reference the engine number with the VIN to determine if
the engine is original.
It's important to first understand the distinction between the VIN and...
Thursday, October 17, 2024
Depreciation is one of the most significant financial realities of vehicle ownership. As soon as a new car is purchased and driven off the lot, it begins to lose value—rapidly. On average, a vehicle loses about 60% of its value within the first five years, a staggering figure that often catches owners by surprise. This steep depreciation rate is influenced by several factors, from the basic economics of supply and demand to the relentless march...
Wednesday, October 16, 2024
It's been another month and it's our followup on recalls! Since September 2024, a series of vehicle
recalls has surfaced across various manufacturers, highlighting the ongoing challenges in maintaining
automotive safety standards. As these recalls unfold, drivers and consumers are reminded of the
importance of vigilance when it comes to vehicle safety, as even seemingly minor issues can have
significant implications for road safety and vehicle functionality.
One of the more prominent manufacturers to issue...
Monday, October 14, 2024
When it comes to selling your car online, the internet is rife with options. Companies like WeBuyAnyCar.com have gained notoriety for promising fast, hassle-free car sales. However, lurking behind the flashy ads and slick websites are the pitfalls that can leave you with much less money than you anticipated. Let’s take a closer look at why WeBuyAnyCar.com may not be the best choice and why Car Buyer USA consistently delivers better deals for car sellers....
Friday, October 11, 2024
If you have a vehicle that's been in a flood there's a couple of things you need to do really fast…
Pray that the vehicle insurance policy is in force and that you have flood coverage (comprehensive)
Determine if the water inside your vehicle is fresh or saltwater
Saltwater flood losses are incredibly destructive. There are specific measures for trying to recover a vehicle that has been flood damaged. But in the case of saltwater...
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