Many drivers choose to rent vehicles so they can change cars more frequently and avoid serious financial commitment. But while renting is a popular option, there has been a drop in availability. At its peak, nearly 30% of retail sales were leased vehicles between 2015 and 2019. The lease share is now closer to 20%, …
How the car rental market is evolving | The bank rate Read More »
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Apple aims to launch a consumer-focused Apple-branded vehicle by 2026, and its goal is to price the car below $100,000 to appeal to a wider range of customers, reports Bloomberg. Apple originally planned to design a car that might resemble Canoo’s Lifestyle vehicle, where passengers could face each other in a limo-style car without a …
Apple to charge less than $100,000 for Apple Car, slated for 2026 launch Read More »
The promise of a future filled with flying cars is not new. For decades, futurists have touted the dream of your car taking off and hovering above a traffic jam. So the most interesting part of a recent prototype announcement from Santa Clara, Calif.-based Alef Aeronautics may not be the car itself, which Alef says …
Buying a used car remains expensive even though supply chain bottlenecks have eased, bringing the average loan size to $28,506. Consumers still rely heavily on financing for car purchases, and the average loan size rose 8.59% year-on-year, according to credit rating firm Experian. There are still some glimmers. “Since the beginning of the inventory shortage, …
Dear Quentin, About four days ago I received an email from my wife’s bank saying that someone had requested her login username through a password reset. When I asked my wife about this she said she forgot her username and was trying to get my stepson access to her online portal so he could download …
You will no longer have any reason not to buy an electric vehicle. The demand for electric vehicles is definitely on the rise. Automakers are saying this by flooding their green car production operations with billions of dollars in investment. The recent spike in gasoline prices at the pump has convinced skeptics to examine the …
The demand for electric vehicles is definitely on the rise. Automakers are saying this by flooding their green car production operations with billions of dollars in investment. The recent spike in gasoline prices at the pump has convinced skeptics to examine the potential of cleaner vehicles. But despite all these positive signals, cost remains a …
A recent TransUnion study highlights a potentially concerning trend in the auto loan market: delinquency rates are rising. Nearly 3.5% of customers with a car loan are now in arrears. A rising delinquency rate may indicate that households are struggling with debt, especially since car loan repayment is a high priority for many households. However, …
More and more car owners are struggling with their auto loans Read More »
