In late January, 2011, a man tried to sell his used car, a BMW, without using an auto appraisal or car buying service like Big Bucks Auto. After the “buyer” of the BMW signed a fake name on the bill of sale, he forcefully captured the seller, brutalized him, tied up his hands and feet and threw him into the trunk. With the seller unconscious in the trunk of his own BMW, the buyer started driving away from Manhattan toward an unknown destination, but likely what would have been the final resting place of his captive.
How to Assess Water Damaged Cars Hurricane Sandy has come and gone, but as we see reported in the news daily, it has left lasting damage and destruction throughout the greater New York, New Jersey, Long Island and Connecticut area in its wake. In that connection, as people assess the damage, many are asking what to check for to see how your car has been affected by flooding. This article compiles a list from a variety of helpful sources for [...]
It’s hard to believe that it’s already been one year since I was talking about the Paris Auto Show. So much has changed, but one thing has remained the same: we buy used cars. This year’s auto show unveiled more concept cars. Frankfurt Auto Show The Frankfurt Auto Show alternates years between Frankfurt and Paris. This auto show is like Christmas for car buffs, with each little car guy (or girl) nestled in their bed with dreams of automotives in their heads. At last year’s show in Paris, we picked our three favorite concept cars that included the Kia POP, The Next XK, and a green concept car from Ferrari. This year was equally as difficult to pick our favorites. […]
How to Assess Water Damaged Cars Hurricane Irene has come and gone, leaving damage and destruction in its wake. Hopefully your loved ones are safe and sound. I’ve heard a lot of questions lately since Irene left town. I know many of you are asking what to check for to see how your car has been affected by flooding. I’ve compiled a list here from many sources for you. Most Common in Water Damaged Cars The most common damages endured [...]
As gas prices continue to rise steadily, sales in motorcycles and scooters are also climbing. Recent data from the Motorcycle Industry Council shows that motorcycle sales increased by 7.2% in the first quarter of 2011 (compared to the same time period last year). The interesting part? Sales for motor scooters have increased by almost 50% in the same time frame. That’s a dramatic jump. Motorcycle owners have many reasons to consider making the switch to scooters, especially residents of dense [...]
If you have a used car to sell, this is the year to do it. According to CNN Money, the supply of late model used cars (new vehicles in 2008 leased out on the typical 3-year contract) is about to get dramatically smaller. Car leasing rates dropped in the fall of 2008 as the country fell into the deepest economic recession of our era. Leasing rates plummeted 58% between June and November of that year, and the financing that car dealers need to write new leases disappeared as fears about the future of automakers grew. In 2008, the standard 3-year car lease agreements practically disappeared. Consequently, the price of used cars has grown significantly since 2008 as supply dwindles. The Manheim used car price index hit a record high this May, with compact used car prices 20% higher this year than in 2010. This is an unprecedented leap. […]