buying

The Rise of 84-Month Car Loans Among Buyers

1 month ago

In recent months, there has been a noticeable increase in the number of American car buyers opting for 84-month loans for new vehicles. According to research conducted by the analytics firm Edmunds, the share of such deals rose by almost 40% compared to last year. This trend has emerged as a result of rising prices for new cars and increasing interest rates, which have led buyers to stretch their financing terms.

Anticipated Auto Tariffs: What to Know Before Car Shopping and Repairs

2 months ago

In light of expected changes in tariff policy, experts are warning car owners about the potential impact on vehicle and parts prices. The U.S. government's announced new tariffs on imported cars and components may lead to increased costs for both new and used vehicles and could make repairs more expensive as well. These changes could significantly affect the automotive market, and buyers should consider when it is best to start looking for a new car or repairing their existing vehicle.

Carvana's New Car Sales: A Step Forward in the Industry

3 months ago

The platform Carvana, known for its innovations in the buying and selling of used cars, has made a significant leap forward by partnering with several dealerships to sell new cars. This business model distinction allows Carvana to expand its services, offering customers not only used vehicles but also new cars, an ambition that precedes the company’s goal of becoming a market leader.

Mortgage Rates in the US Hit Record High: What Consequences Will This Have for the Housing Market?

3 months ago

As of February 6, 2024, the average mortgage rates in the United States skyrocketed to a record 7.85%. This increase serves as a signal for borrowers, confirming previously predicted trends by economists. Such changes in market conditions raise concerns among potential homebuyers and the housing market at large.

Decline in Existing Home Sales Amid Market Changes

4 months ago

In recent months, there has been a noticeable decline in existing home sales in the United States, hitting the lowest level in nearly 30 years. Specifically, August 2023 saw a further drop in sales measured on an annual basis, tracking a worsening market condition.

Mortgage Market Developments: Rising Rates in January 2025

4 months ago

According to the latest data published on January 16, 2025, mortgage rates continue to rise, creating challenges for potential homebuyers and renters. The real estate market remains tense, prompting real estate agencies and economists to reassess their forecasts for the upcoming months. Rates for 30-year fixed-rate mortgages have reached their highest levels in several years, which may lead to a decrease in demand for residential properties.

Mortgage Rates on the Rise: What to Expect in December 2024?

5 months ago

According to recent data published on December 19, 2024, mortgage rates in the United States continue to remain elevated. Analysts note that recent changes in economic policy, along with fluctuations in financial markets, have significantly impacted the cost of borrowing for those looking to purchase a home.

The Importance of Design for Wealthy Jaguar Customers

5 months ago

A recent study by Jaguar revealed that wealthy customers care not only about functionality but also about aesthetics in cars. Participants in the survey, which included high-profile buyers of luxury vehicles, confirmed that when choosing a car, they primarily focus on its design. This becomes a decisive factor in the purchasing decision process, sometimes even more important than technical specifications and performance.

The Price Gap Between New and Used Cars Hits an All-Time High

6 months ago

Recent analysis of car prices reveals that the gap between new and used cars in the United States has reached a record level. This situation causes concern among both buyers and experts in the automotive industry. According to municipal services, the cost of new cars continues to rise, while the prices of used cars remain high as well.

The Diminished Influence of the Mortgage Market Amid Fed Changes

8 months ago

The mortgage market, traditionally wielding significant influence over the US economy, has seen its power wane in light of the impending changes by the Federal Reserve. A potential reduction in interest rates through measures like money printing, expected to conclude by next year, has sparked significant alterations in the mortgage sector. Consequently, mortgage rates and lending conditions have become more flexible, albeit not as sharply defined as in the past.