Buying a used car can be a great way to save money, but it’s essential to ensure that the Title is legitimate. A fake automobile Title can indicate a stolen vehicle, undisclosed damage, tampered mileage, or hidden liens. Knowing how to spot a fraudulent title and taking steps to protect yourself from title scams can save you from financial loss and legal trouble. Here’s how to recognize a fake title and use reliable resources to...

---

Each month we bring you the most up to date vehicle recalls and since early November 1, 2024, several major automakers have issued recalls on popular vehicles to address a variety of safety and operational issues. Ford recently recalled more than 6,200 of its 2024 Mustang models due to a problem with instrument panels that may fail to light up, depriving drivers of critical information like speed and warning lights. Additionally, Ford recalled about 30,000...

---

The Federal Reserve has reduced its benchmark interest rate by 0.25%, setting the new federal funds rate at a range of 4.5% to 4.75%. This change is part of a broader rate-cutting approach aimed at stabilizing economic conditions amid moderate inflation and a cooling job market. With inflation nearing the Fed's 2% annual target, policymakers believe gradual rate reductions can boost economic activity without risking an inflationary spike. The Federal Open Market Committee is expected...

---

The automobile market has faced unprecedented shifts in recent years, with high prices and limited supply becoming the new normal. As Election Day passes, many Americans are hopeful for a turnaround, but the factors at play are complex. From interest rates to energy policy, each aspect of the economy affects the auto industry, and election outcomes could sway the market in several directions. Interest rates, set largely by the Federal Reserve, play a pivotal role...

---

Selling a car online offers convenience and the potential for good profits and can present some challenges that can make the experience difficult for some consumers. A major concern is trust and transparency. Online transactions rely heavily on both, and for car sales, this can be especially complex. Sellers worry about verifying the intentions of potential buyers, as it’s often hard to assess whether someone is genuine. There’s also the challenge of confirming secure payment...

---

NADA Car Values are now J.D. Power Values!! For decades, the National Automobile Dealers Association (NADA), is now operating under the J.D. Power brand. Since rebranding under J.D. Power in 2021, NADA has continued to serve as a reliable benchmark for vehicle pricing across the nation. Yet, while their values offer a useful reference point, they may not always capture the nuances of local markets. National estimates often miss key regional factors, like local demand,...

---

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....

---

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,...

---

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...

---

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...

---