Buying a car or just want to save some money on operating it? Our auto section will give you the tools and tips to lower your automotive costs.
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5
(6 votes, average 5.00 out of 5)
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Automotive -
Buy
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Written by livecheap staff
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Thursday, 19 November 2009 08:48 |
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Auto dealers are masters at figuring out how to squeeze more profit out of unsuspecting consumers. The whole dealership model is built around one basic principal - maximizing the profit on each customer by taking advantage of their ignorance. There are many things that the dealer knows that he would prefer that you didn't. If you did, he wouldn't be able to make nearly as much profit.
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Read more: 5 Things the Car Dealer Doesn't Want You to Know
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10
(5 votes, average 4.80 out of 5)
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Automotive -
Buy
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Written by livecheap staff
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Wednesday, 18 November 2009 12:48 |
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No-haggle dealerships have grown in popularity in the last 15 years. Many people are attracted by the notion of getting a guaranteed lower price. But, in general if you are buying a car from a no-haggle dealership, you're not going to get a screaming deal. You probably aren't going to get ripped off on the purchase price either but as we discussed in 10 Tips for Buying a New Car Cheaply, they can still make a killing off of you on the financing and extras.
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Read more: Are No-Haggle Car Dealers Cheaper?
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8
(4 votes, average 5.00 out of 5)
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Automotive -
Maintain
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Written by Omie Ismail
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Tuesday, 10 November 2009 16:48 |
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Warranties of all sorts earned a bad name in the 1990s and with good reason. Amid declining profits and increased competition, retailers started marketing 'peace of mind' products to consumers - insurance contracts they called warranties. For retailers the profit margins on these plans were enormous often exceeding 70%. Compare that to the 20% profit margins on electronics and the 5% margins on cars. With warranties, retailers were often able to double their profit of on a transaction.
That might explain why the sales guys aggresively push warranties on every major purchase you make. Many consumers soured on buying warranties because of bad experiences with uncovered items or providers that went belly up. Others began to see warranties for what they are - exhorbitant mini-insurance policies designed to maximise retailing profits.
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Read more: Auto Warranty, Is There Ever a Good One?
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116
(5 votes, average 4.60 out of 5)
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Automotive -
Maintain
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Written by LiveCheap Staff
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Thursday, 22 October 2009 15:12 |
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Want Cheap gas? The LiveCheap.com crowd loves to save a buck or two on gas or anything else for that matter. If you’ve driven anywhere or been online, you’ve probably seen the ads that ARCO saves you 5 or 10 cents a gallon. But does ARCO really have cheap gas? Now many of you in the Eastern U.S. don’t even have ARCO stations in their hometown but Costco or Sam’s Club are pretty good proxies. Our team did some analysis, not all financial, and here is what we found.
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Read more: Cheap Gas: Is ARCO or Costco a Good Deal?
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9
(8 votes, average 4.88 out of 5)
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Automotive -
Buy
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Written by Omie Ismail
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Thursday, 22 October 2009 00:00 |
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Car manufacturers have huge problems these days. It isn't just GM or Chrysler either, its every major automaker. The biggest problem they have is that the models they build are very durable and can can last for a very long time.
How the world ever decided that that people should buy a new car every 3 or 5 years is beyond me. Do you trade in refrigerators that often? lawnmowers? men's suits? I can understand the temptation of embracing new technology and exchanging your laptop every few years, but a car? As a technology enthusiast, I can even sympathize with the guy drooling over the 60 inch HDTV. But, with the possible exception of hybrids, car technology hasn't made any quantum leaps in the last 15 years.
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Read more: Buy and Hold: The Cheaper, Greener Strategy
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