Tag Archives: budget

UPDATE: NHTSA Pushes Back Standard Rear-View Cameras

Back in March last year, we reported that the National Highway Traffic Safety Administration (NHTSA) would make rear-view cameras a standard feature in all vehicles. Unfortunately, it looks like the NHTSA will be delaying the adoption of that rule for a while yet.

According to Autoblog, automakers were supposed to have rear-view cameras in a minimum 10 percent of their cars by 2012, 40 percent by 2013, and 100 percent of all vehicles by 2014. Right now, automakers are not on track to make those numbers, mainly because automakers have complained about the cost of making these cameras standard.

How much do these cameras cost automakers? Well, many cars currently come with display screens, and for those vehicles, the upgrade to a rear-view camera system is only $58 to $88. Vehicles that don’t have display screens, however, will cost $159 to $203 to upgrade. Consider, however, that back-over accidents cause an average of 183 fatalities and up to 7,419 injuries every year. Perhaps the cost of an upgrade is one that consumers and automakers should be willing to pay.

Readers, what do you think? Do you have a rear-view camera in your car, and do you think rear-view cameras should be mandatory? Leave a comment below, and let us know what you think!

Are you looking for a new or used vehicle? Approved Loan Store can help you! Good credit, bad credit, no credit, we want to work with you to get you the car you want at terms you can afford! Fill out our secure online auto loan application here, and get the latest 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!

IIHS Awards 2013 Top Safety Picks

Late last month, the Insurance Institute for Highway Safety (IIHS) announced the 2013 Top Safety Pick+ and Top Safety Pick honorees, its top award for vehicle safety. 13 vehicles were dubbed a Top Safety Pick+ and 117 vehicles were named a Top Safety Pick.

Earning a Top Safety Pick+ is not an easy task. In order to earn a Top Safety Pick+, the vehicle has to receive good ratings for occupant protection in a minimum of 4 out of the 5 evaluations which include a moderate overlap frontal crash, small overlap frontal crash, side impact, and rollover as well as evaluations that measure how effectively seat/head restraints prevent neck injuries. If they receive 4 “good” ratings, the fifth evaluation must earn at least an “acceptable” rating. To earn a Top Safety Pick, the vehicle has to receive good ratings on the moderate overlap frontal test, side impact, rollover, and rear tests.

Here are the 2013 Top Safety Pick+ honorees.

Acura TL
Dodge Avenger
Chrysler 200 sedan
Ford Fusion
Honda Accord coupe
Honda Accord sedan
Kia Optima
Nissan Altima sedan
Subaru Legacy
Subaru Outback
Suzuki Kizashi
Volkswagen Passat
Volvo S60

Click here see the additional 117 vehicles chosen as IIHS 2013 Top Safety Picks.

Are you looking to get into a newer, safer vehicle? Approved Loan Store can help! Good credit, bad credit, no credit, we want to get you into a car you want at rates you can afford! Fill out our secure online auto loan application here, and get the latest 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!

Consumer Reports: Best Value Cars of 2012

When shopping for a car, it is important to look at the long-term value of that car. As 2012 comes to an end, Consumer Reports has released its list of the top vehicles that will retain their original value, and they chose an overall best value from the wide range of vehicles on the market last year. Needless to say, Toyota was very happy with the results.

Here is a full rundown of the winners.

Overall Best Value – Toyota Prius
Small Hatchback – Toyota Prius Four
Small Sedan – Toyota Corolla LE
Family Sedan – Toyota Camry Hybrid XLE
Upscale Sedan – Acura TSX (I4)
Luxury Sedan – Cadillac CTS
Sports Car/Convertible – Mini Cooper
Wagon/Minivan – Toyota Prius V Three
Small SUV – Honda CR-V EX
Midsize SUV – Toyota Highlander Limited (V6)
Large/Luxury SUV – Lexus RX350

Across the board, Toyota Motor Company was the clear favorite taking 7 of the 11 categories with the Lexus RX350 included, and none of Toyota Motor Company’s vehicles made the Worst Value list. No other automaker even came close to that level of excellence. Better yet, many of the vehicles featured on the list are hybrid vehicles or have an extremely good fuel economy, so consumers are saving money at the pump.

Do you want to check out these cars for yourself? Approved Loan Store can help you! We have a huge range in our inventory whether if you are looking for more power, greater value, or just something reliable. Get started 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!

Bad Credit Auto Loans: More Subprime Auto Loans in 2012

According to one of the big 3 credit bureaus, now is the time for subprime credit car shoppers to go for an auto loan.

Earlier this month, Experian Automotive released statistics about auto loans written in the third quarter, and they found that 42 percent of new and used auto loans were for subprime buyers. In this report, subprime buyers are classified as buyers with credit scores below 680. Overall, average credit scores on new auto loans are down to 755 compared to 763 last year, and looking at individual automakers, the average scores could be as low as 694.

For car buyers with a troubled credit history, it is clear that this is a great time to buy. The end of 2012 is offering a perfect combination of holiday sales specials and lenders ready to grant auto loans. Besides that, car buyers looking for a used car will get the added advantage of dealerships wanting to move last year’s inventory to make room for the new models.

Are you ready to get into a new or used car today? Approved Loan Store can help you! Good credit, bad credit, no credit, we want to get you into the car you want at terms you can afford! Fill out our secure online auto loan application here.

Looking for more auto news and buying tips? Check out Approved Loan Store on Facebook, Twitter, and YouTube!

Image courtesy of vichie81 / FreeDigitalPhotos.net

Auto Loan: Finalists Announced for 2013 North American Car and Truck/Utility of the Year

This morning, the top 3 finalists for the 20th annual North American Car of the Year and Truck/Utility of the Year were announced at a luncheon for the Automotive Press Association. Contenders for Car of the Year will be the Cadillac ATS, Ford Fusion, and Honda Accord, and contenders for Truck/Utility of the Year will be the Ford C-Max, Mazda CX-5, and Ram 1500.

Finalists for both awards were voted on by 49 American and Canadian automotive journalists. 11 cars and 10 trucks/utilities made the short list of nominees. The Dodge Dart, BMW 3 Series, and Nissan Altima were among the cars that didn’t quite make the cut. On the truck/utility side, the Ford Escape, Hyundai Santa Fe, and Nissan Pathfinder didn’t make the top 3.

Here are the complete nominee lists for the 2013 North American Car of the Year and Truck/Utility of the Year Award.

2013 North American Car of the Year

BMW 3 Series
Cadillac ATS – FINALIST
Chevrolet Malibu
Dodge Dart
Ford Fusion – FINALIST
Honda Accord – FINALIST
Lincoln MKZ
Nissan Altima
Scion FR-S
Subaru BRZ
Toyota Avalon

2013 North American Truck/Utility of the Year

Acura RDX
Audi Allroad
BMX X1
Ford C-Max – FINALIST
Ford Escape
Hyundai Santa Fe
Infiniti JX35
Mazda CX-5 – FINALIST
Nissan Pathfinder
Ram 1500 – FINALIST

Both winners will be announced on January 14th as part of the North American International Auto Show in Detroit. Last year’s winners were the Hyundai Elantra and the Land Rover Range Rover.

Readers, we want to hear from you! Who do you think will win Car and Truck/Utility of the Year? Do you disagree with the top 3? Leave a comment below, and tell us what you think!

Are you ready to get into a new or used car, truck, or utility vehicle? Approved Loan Store can help! Good credit, bad credit, no credit, we will work with you to get you the car you want at terms you can afford! Fill out our secure online auto loan application here, and get the latest 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!

New Car Financing: Automakers Offer Discounts for the Holidays

With Christmas coming up quickly, car shoppers are looking to get into a car soon that can handle winter weather. Fortunately, automakers are making it easier to afford both their new and certified pre-owned vehicles with all sorts of holiday discounts and deals.

According to Autoweek, everyone from Kia to Audi and Volkswagen will have fantastic deals all the way up through the beginning of January. Chevrolet, Ford, Honda, Hyundai, Lexus, Mazda, Mitsubishi, and Volkswagen all have offers going through January 2, and Audi and Kia’s offers are good through January 7.

Right now, January 7 seems far away. It might sound like car shoppers have plenty of time to get in on these deals, but the truth is that the holiday season goes by very quickly. There are family gatherings, office parties, and super-special-mega sales at the mall, not to mention any traveling to see extended family. This is potentially the best time of year to get a car because new models are coming in, and dealership want to move their inventory of last year’s models out the door. Unfortunately, many car shoppers will miss out on this golden opportunity because they procrastinate and don’t make it a priority to get into a dealership.

This is why Approved Loan Store is such a great asset to serious car buyers this holiday season. Every day of the year, we work to get our customers the car they want at the best terms possible, even if they have no credit or challenged credit. We keep the car buying process simple so you can spend more time with your family and less time going from dealership to dealership looking for the best deal. To get started, simply fill out our secure online auto loan application here. Within 24 to 48 hours, one of our representatives will contact you to review your application and set an appointment for you with an Approved Loan Store dealership. You meet with our Special Finance Representative, and they will work with you to get the best rates possible. Many customers drive off with a car the same day, and you can see testimonials from real Approved Loan Store customers here!

Are you ready to let Approved Loan Store get you into a car? Fill out an application today, and connect with Approved Loan Store by liking us on Facebook, following us on Twitter, and subscribing to us on YouTube!

Image courtesy of digitalart / FreeDigitalPhotos.net

Car Loan: New Models, Discounts Sell More Electric Cars in November

Getting consumers to adapt to new technology is tough, and the electric car has faced its fair share of challenges. Sales numbers for electric cars in November, however, bode well for the future of the electric car.

November sales numbers from Maxim Group show that car dealers sold 7,600 electric cars in November alone with a yearly total so far of 47,500. Right now, projections predict that dealers will sell 56,000 electric and plug-in hybrid electric cars by the end of 2012.

Industry analysts attribute the electric car’s success in 2012 to a variety of new electric vehicles as well as deep discounts and incentives on existing models. Nissan has worked to make the Nissan Leaf more affordable, and Chevy has offered discounts adding up to $10,000 in savings on the Volt. Some of the newer models have really led the pack, though, with Ford selling 1,259 of the C-Max Energi, a vehicle that was only just introduced in November. Those numbers are very strong considering that the Chevy Volt sold 1,519 units and the Toyota Prius sold 1,766 units in November.

The demand for electric cars is only going to go up, especially as the economy continues to recover and consumers can better afford electric cars. Right now is an exciting time for the auto industry as they move more and more towards electric and hybrid vehicles. Soon, consumers will be able to pay less at the pump and lessen our negative impact on the environment.

Whether if you are looking for a more fuel-efficient car, a car for the family, or just something fun and sporty, 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! Fill 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!

Image courtesy of Danilo Rizzuti / FreeDigitalPhotos.net

Bad Credit Auto Loan: Why Shopping Around Dealerships Can Hurt Your Credit Score

When making a major purchase like a new car, most people shop around and find the best possible deal before making a decision. They don’t want to look back on their car purchase and think that they could have found the same car elsewhere for less.

Unfortunately, not all car shoppers know that running their credit again and again at different dealerships will hurt their credit score and make them look riskier to lenders. Hard inquiries will dock a credit score by several points and will stay on the credit report up to 2 years. The reasoning is that this consumer has applied for an auto loan at all these dealerships but did not get a loan whether by choice or rejection by lenders. This is why we recommend that serious car buyers should not apply for a credit card or any other kind of loan or credit before going in to buy a car.

What makes Approved Loan Store’s auto buying program different? Our three-step process gives our customers an advantage over other car shoppers because our customers don’t have to shop for a dealership. First, they fill out our secure online auto loan application. Second, they receive a call from an Approved Loan Store representative who reviews the loan application and schedules them for an appointment with an Approved Loan Store dealership nearest to them. Finally, they meet with their Approved Loan Store Special Finance Representative, and their Special Finance Representative helps them find the car they want at rates they can afford.

Are you ready to stop searching? Let Approved Loan Store help you get into a car today! Fill 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!

Image courtesy of vichie81 / FreeDigitalPhotos.net

Auto Loan Amounts Hit Post-Recession Peaks

According to a new report from Equifax, consumers looking to get an auto loan could be getting a lot more than they expected.

Back in August, Equifax recorded that auto loan originations year-to-date through August 2012 came out to more than $283 billion. The last time it was that high over an eight-month period was back in 2006 at $297.5 billion or the equivalent of 14.6 million new and used vehicles. Loan amounts have also gone up with loans averaging $19,492 back in August, once again having comparable numbers to average loan amounts in 2006.

Equifax’s Chief Economist Amy Crews-Cutts claims that auto loans recovered quicker than other types of loans because the public’s demand has not waned. It makes sense because while people can put off certain purchases like a house, a car is a necessity in most parts of the country. Americans will still go for an auto loan because they need to get to around, to drive to work or pick up their kids from school. When consumers couldn’t get the loan amount they wanted, they made do with what they got. Now that loan amounts are at pre-recession levels, consumers can afford to get a car that they both need and want.

Have you been waiting for the right time to get into that new or used car? The time is now! Whether if you have good credit, bad credit, or no credit, Approved Loan Store wants to help you get into the car you want at terms you can afford. Fill 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!

Image courtesy of dream designs / FreeDigitalPhotos.net

New Car Financing: Ford Focus Earns NHTSA Five-Star Rating

2012 has been a great year for the Ford Focus. Back in September, the Focus was projected to outsell the perennial favorite, the Toyota Corolla, and become the world’s best-selling car of 2012. This week, the Focus got more good news when it earned a five-star Overall Vehicle Score from the National Highway Traffic Safety Administration.

The NHTSA’s Overall Vehicle Score is a combination of the vehicle’s score on its front and side impact crash tests and a rollover resistance test. Broken down, the Focus scored four stars on the rollover resistance and front crash test and scored five stars for the side crash test, earning it the overall five-star score.

The Ford Focus’ high score can be attributed to the new safety technology utilized in the vehicle. Some of these features include the Safety Canopy curtain airbags which protect passengers during a rollover and driver airbags that better protect the chest and ribs in an accident. Also, the SYNC system includes hands-free calls and texting, and the new AdvanceTrac system helps reduce vehicle skidding and automatically makes adjustments to keep the vehicle on track.

While the Ford Focus has already been selling well in 2012, this distinction might give the Ford Focus that boost it needs to outsell the Corolla in the last few months of the year. We will have to wait and see how the numbers ultimately break down at the end of 2012, and we will keep you posted when we know which car will win out as the world’s best-selling car.

Looking to get into a new or used car today? Approved Loan Store can help! Good credit, bad credit, no credit, we will work hard to get you the car you want at terms you can afford! Fill out our secure online auto loan application here, and get the latest car 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!