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Total cost of owning a car

November 14, 2014 / Staff

The total cost of owning a car can be determined by several different factors. While the price you pay for the car is certainly a large factor, it’s not the only cost that needs to be considered. You must also consider how much it costs to maintain, insure and fuel the car.

Why Factoring These Other Costs Is Important

Why do these other costs matter when you’re determining the total cost of owning a car? Let’s say that you spent $1,000 putting new brakes on a car that you paid $500 for. With that additional cost, you have now effectively paid $1,500 to provide yourself with a vehicle. If you pay $500 a year over five years to insure the car, that will add up to an additional $2,500 to keep your car on the road. If you spend $100 a month on gas for your car, you will end up spending an extra $1,200 per year.

New Cars, Used Cars

cost of car ownership

Toyota Camry gets a new look

October 20, 2014 / Staff

Here’s a peak at the 2015 Toyota Camry, and you can see that the front end had a very distinctive, all-new design. The Camry and the Toyota brand in general has taken some heat for bland designs in recent years as the brand seemed to rest on its laurels while upstarts like Hyundai released compelling designs.

The new front end and grille for the Camry will definitely draw some attention. Let’s see how buyers react.

New Cars, Toyota

Will Michigan ban direct Tesla sales?

October 17, 2014 / Staff

One of the lamer trends we’re seeing these days involves states banning the direct sales of Tesla cars by implementing laws to protect the dealer model. This is a pathetic example of crony politics and standing in the way of innovation and free markets.

These bans are already in place in New Jersey, Maryland, Texas and Arizona. Now Michigan is poised to do the same, and Tesla is legitimately crying foul.

Electric Cars, Tesla

Lebron James endorses Kia K900

October 15, 2014 / Staff

ESPN’s Darren Rovell is reporting that Kia has snagged Lebron James to the the brand ambassador for the new Kia K900 luxury sedan. Kia has been doing very well, but the volume numbers for the K900 have not been very robust. With James plugging the vehicle, however, this will provide a huge shot in the arm for K900 sales along with the Kia brand image.

The K900 is a beautiful vehicle that should provide a nice halo effect for the Kia brand. But at over $60,000 it’s not something most Kia buyers can afford. So to increase sales Kia needs to attract more affluent buyers. James can help raise awareness for the vehicle and potentially drive sales. It will be interesting to see if this endorsement has a noticeable impact on sales volumes.

Advertising, Kia, Luxury Cars

celebrity car endorsements celebs in car ads Kia K900 Lebron James

There Are Several Advantages to Buying a New Car

October 14, 2014 / Staff

The new car market is packed with plenty of exciting vehicles. Here are some of the advantages of choosing to purchase a brand new ride.

Longer Warranty
The majority of new cars come with a very lengthy warranty. In fact, some vehicles are backed by a 100,000-mile powertrain warranty. If the vehicle develops a problem during the warranty period, the automaker will cover the cost of the necessary repairs. This helps the car owner save a lot of extra money in the long run.

New Cars

buying a new car