Monthly Archives: February 2013

Survey: Car Buying in 2013 is a Woman’s World

In the 2002 film My Big Fat Greek Wedding, Toula (Nia Vardalos) wants to go back to school but is worried that her father will never allow it because he is the “head of the house.” She confides these fears to her mother Maria, and Maria delivers one of the most memorable lines of the film. “Let me tell you something, Toula. The man is the head, but the woman is the neck. And she can turn the head any way she wants.”

There is new research on how married couples purchase vehicles that pretty much proves what Maria and wives the world over already know. Women have a great deal of influence over their husband’s decisions, and most of the time, the husband doesn’t even know they are being swayed one way or the other.

According to a survey from the Alliance of Automobile Manufacturers, 72 percent of married male auto buyers think they have more influence over car they will purchase. By comparison, 60 percent of women think they have more influence over the final purchase. Over half of women and almost three-quarters of men think they have the final say. While some wives or husbands might defer to their spouse, there will clearly be some overlap of the husband and wife both thinking they made the decision.

Some people might ask why I think it is more likely that wives have more influence than the husbands. After all, these wives could think that they are influencing the decision when they really are not. The reason why I tend to believe the wives is because these days, women purchase 60 percent of all new cars and 53 percent of all used cars. They dominate their male counterparts in buying both new and used cars, and they are more experienced buying a car, whether they are buying it with or without a husband.

Man or woman, male or female, every car buyer wants the same thing, to get the best deal possible on the car they want. Approved Loan Store can help! Whether if you have good credit, bad credit, or no credit, we will work with you to get the right car at terms you can afford! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, be sure to like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Image courtesy of digitalart / FreeDigitalPhotos.net

EIA: Americans Spent Nearly $3000 on Gas in 2012

As February begins, Americans are reviewing their New Year’s resolutions and lamenting the ones that were forgotten or broken in January. For many people, a common resolution was improving personal finances. They want to pay off a credit card, get out of debt, or start putting more money away in savings. The tough part about these resolutions is finding where to cut corners, especially for families, but a new statistic from the US Energy Information Administration (EIA) points to one expense that Americans could cut: gas.

According to the EIA, the average US household spent $2,912 on gasoline last year. That is nearly $3,000 is going towards only gas, not to mention vehicle service and maintenance costs. Unfortunately, gas prices have gone up substantially in the past few years. Prices rose 26.1 percent in 2011 and an additional 3.3 percent in 2012 while household income only increased 2.9 percent, and gas prices aren’t likely to drop anytime soon.

What can Americans do to cut back on their gasoline costs, especially with the price of gas rising? Quite simply, the best way to cut back on gasoline costs is by trading in for a more fuel-efficient vehicle. Even used cars from the past few years have much better fuel efficiency than older models, and while it will be a bigger purchase up front, the savings at the pump will pay off in the long run.

Are you looking to trade in and want the best possible deal on your new car? Approved Loan Store wants to help you! Good credit, bad credit, no credit, we will work with you to get you a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and get more auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Image courtesy of domdeen / FreeDigitalPhotos.net

Jeep Super Bowl Ad Pays Tribute to Troops

Last Sunday was the Super Bowl, and as usual, the commercials were talked about almost as much as the game. In 2012, Chrysler’s Imported from Detroit was one of the most discussed ads of the night, and this year, Jeep had an ad that Americans won’t easily forget.

Jeep used their Super Bowl commercial titled Whole Again to pay tribute to America’s service men and women. Narrated by Oprah Winfrey, the commercial recognized the sacrifices made by these brave men and women, from the missed family dinners to missed basketball games. They show a soldier holding his dog tags and a family praying over their father’s picture, and the commercial ends with a joyful homecoming with a town welcoming soldiers home.

A lot of companies have done tributes to America’s service men and women throughout the years, but what I really loved about Jeep’s commercial was how they paid tribute to the families as well. They recognized the lonely nights and the tears shed by spouses back home. Children grow up and celebrate milestones without their mother or father present. Americans who choose to serve are making sacrifices, but these spouses and children are making sacrifices as well. I appreciate that Jeep recognized them and their struggles.

You can watch the full ad here:

Readers, we want to hear from you. What did you think of Jeep’s ad? What was your favorite car commercial from the Super Bowl? Leave a comment below, and let us know what you think!

Are you ready to get into a new or used car? Approved Loan Store wants to help you! Good credit, bad credit, no credit, we will work to get you a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and be sure to like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Consumer Reports: Ford’s EcoBoost Engines Disappoint in Testing

In the past year, Ford has been heavily promoting their EcoBoost engines as a more eco-friendly but still powerful option. A new series of tests by Consumer Reports, though, might poke some holes in their grand claims.

Consumer Reports ran a series of tests on the 2013 Ford Fusions with EcoBoost engines, and they found that the vehicle’s 0-60 acceleration speed lagged behind its competitors. This might be understandable and excusable if the engine delivered on fuel efficiency, but in the tests, it only got 25 mpg. To give some perspective, the Chevrolet Cruze Eco gets 28 city/42 highway mpg, the Honda Civic HF gets 29/41, and the Volkswagen Jetta TDI gets 30/42.

Fortunately, some of the new engines from Ford’s competitors did deliver on their promises. Consumer Reports highlighted BMW’s turbocharged four-cylinder engine which can keep pace on acceleration and still gets 28 mpg. Similarly, the Volkswagen’s 2-liter turbo engine performed well in testing, proving that this type of engine can be competitive if manufacturers work out the kinks.

Are you looking for a more fuel-efficient vehicle? Approved Loan Store can help! Good credit, bad credit, no credit, we want to get you into a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and get more auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Auto Loan: January Auto Sales Surpass Expectations

We predicted it. With reports of lower interest rates and more flexible loan lengths, we predicted that January would be a good month for the auto industry, even coming off of such a strong year.

As it turned out, January was a great month.

January is done and the numbers are coming in, and U.S. auto sales were up 14 percent. It is much better than analysts were predicting, and these gains weren’t limited to one type or model of vehicle. Large pickups, small cars, and crossovers alike all saw increased sales in January.

Among the individual automakers, Toyota had a 27 percent increase. Ford’s U.S. sales had a 22 percent increase. GM had a 47 percent increase on Cadillac, and sales for their full-sized pickups increased 32 percent. Meanwhile, Chrysler’s car sales went up 50 percent with strong showings by the Dodge Avenger, Dodge Dart, and Fiat 500 line.

Automakers are ready to keep these sales numbers going with promotions and deals changing monthly. Now is a great time to get into a new or used vehicle. If you’re ready to get into that car today, Approved Loan Store is ready to help you. Good credit, bad credit, or no credit, we will work with you to get the car you want at terms you can afford.

Get started today by filling out our secure online auto loan application here, and get more auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Image courtesy of renjith krishnan / FreeDigitalPhotos.net

CONSUMER ALERT: Recall on Certain 2012 GM Auto Models

A few days ago, GM and the National Highway Traffic Safety Administration announced a recall of some 2012 GM vehicles over safety concerns with the vehicles’ air bags.

The affected vehicle models are the 2012 Buick Verano, the 2012 Chevrolet Camaro, the 2012 Chevrolet Cruze, and the 2012 Chevrolet Sonic. According to the recall report, there are issues with the driver side frontal air bag where the air bag might not deploy in a crash.

GM is replacing the steering wheel airbag coil free of charge for all affected vehicles, and while GM will be contacting all affected drivers, any owners who are feeling pro-active can contact GM at 1-800-521-7300.

You can read the full NHTSA recall report here.

Get the latest auto news and consumer alerts like recalls and special deals by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube! Are you ready to get into a new or used car today? Get started by filling out our secure online auto loan application here!