It’s a pretty good time to get a new set of wheels. The average interest rate on a new car loan is 4.24%, lenders are doling out higher amounts as well as more time in which to pay it back, and they aren’t being quite as picky with whom they give it to as in years past. Balance transfer credit card offers are also about as attractive as they’ve ever been.
August saw Project 64 reach its successful conclusion with a modified Mini Cooper S breaking of the land speed record for a sub 1000cc class at the Bonneville salt flats in Utah. The victory was achieved by a small team of New Zealanders, who have worked on turning the 1964 Mini Cooper 970 S into a vehicle capable of becoming the fastest classic car in its class. With a qualifying run of 142mph, and a subsequent speed of 151mph, an official world record of 146.6mph was used as an average, despite the team making an unofficial third mile run of 158.045mph that could not be tested as the Mini refused to start. Continue reading
David Bakke is a contributor for Money Crashers Personal Finance, where he shares tips for car buying and maintenance, money management, smart shopping, and more.
If you ask 10 people when the best time of year is to buy a new car, you’re likely to get 10 different answers. But statistically speaking, there are certain times when you’re likely to get a better price. Comparing prices and negotiating with salesmen are two important aspects of the car buying process, but so is knowing when to shop. Continue reading