Tag Archives: hybrid

The Geneva Auto Show and the Industry’s “Green” Problem

The Geneva Auto Show wraps up this Sunday, and auto journalists are already asking what the show says about the future of cars, specifically “green” vehicles. Is the auto industry making progress in hybrids and electric cars, and will people buy them when they hit the market?

There is an odd disconnect between what people involved with the show and the auto industry are saying and the reality at the auto show. In a piece for the New York Times, writer Christopher F. Schuetze highlights the dissonance at the show, pointing out that only 10 percent of the cars at the show are eco-friendly and then quoting politicians and the president of the Geneva Auto Show who praise the auto industry’s integration of green technology. 10 percent is hardly complete integration, especially at an auto show meant to show the best and latest in automotive technology.

Unfortunately, there is a good reason why the auto industry is praising green technology while quietly relegating electric car technology to the concepts. The truth is that the auto industry still relies too much on big car sales, cars that scream “real man” in their advertising. The auto industry will never move past gas-guzzlers to electric and hybrid cars until they wean themselves off of this outdated idea of a manly car and learn how to properly market green cars.

No matter what kind of car you might be looking for, Approved Loan Store wants to help YOU! From hybrid compacts to trucks and minivans, we will work with you to get a car you want 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, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Fuel Efficiency Off-Set by Poor Driving Habits

Vehicles are more fuel efficient than ever. The average fuel economy of the US light-duty fleet has seen a 40 percent improvement in forty years, and every year, automakers are making ambitious goals of cutting vehicle weight or pushing their hybrid and electric models. These efforts might be undercut, however, by poor driving habits.

According to a study by the Sustainable Worldwide Transportation at University of Michigan’s Transportation Research Institute, American drivers are driving more and tend to have fewer passengers in their vehicle. The car might be getting better fuel economy, but there is a higher amount of fuel used per person on average. In order to get the most out of these more fuel-efficient cars, people need to carpool a little more and consider walking or biking instead of taking the car everywhere.

The decrease in passengers per car, however, could also be attributed to the rise in compact cars. More people are opting for smaller vehicles with less room for additional passengers, ironically enough because many automakers tout their compact cars as being fuel efficient.

Readers, we want to hear from you! Are you happy with the fuel efficiency of your car? Have you made any changes to your lifestyle to pay less at the pump? 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 help you get a car you want 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, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

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Toyota Offers Major Discounts to New York Drivers

In an effort to match their 2012 sales, Toyota is offering massive discounts and refunds on the 2012 Prius plug-in including some deep price cuts for Manhattan-area drivers.

While these discounts will vary by region and dealership, New Yorkers can get approximately $6,500 off on a 2012 Prius plug-in or $4,650 off a 2013 Prius plug-in. They are hoping that the discounts will make car buyers take another look at Prius instead of going with other popular hybrid and electric models such as the 2013 Ford C-Max, the 2013 Nissan Leaf, or the 2013 Chevy Volt.

In an interview with Wards Auto, Toyota Div. Group Vice President Bill Fay acknowledged that the price cuts would make the Prius more competitive, but their main focus is making the car more affordable for the average driver. “I think we have to be cognizant of the world those shoppers are operating in…and we have to be sure we offer the same kind of value when they go to buy the vehicle.” This isn’t a bad idea considering that hybrids and electric cars have been relatively expensive in the past. Perhaps Toyota’s discounts will push more drivers to make the switch to a more environmentally-conscious car.

No matter what kind of car you are looking for, Approved Loan Store wants to help YOU get it! Good credit, bad credit, 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 for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Ford Aims to Reduce Production Waste by 41 Percent

In an effort to lessen their environmental impact, Ford has pledged to reduce the waste produced per vehicle by 41 percent by 2016.

Ford CEO Alan Mulally and Executive Chairman Bill Ford have made environmental awareness a priority for Ford in the coming years. In 2011, the average amount of waste per vehicle was 22.7 pounds. By 2016, they hope to cut it down to 13.4 pounds per vehicle. Ford has already made an effort to reduce their waste, cutting it from 37.9 pounds to 22.7 pounds between 2007 and 2011.

Most of the news revolving around the auto industry and the environment has involved reducing the weight of vehicles to make them more fuel efficient, but reducing the weight in auto production is important as well. If the automakers are producing a large amount of waste building electric cars, then they aren’t really helping the environment. They are green in name only. We commend Ford for their efforts in reducing waste and producing better cars in the process.

Are you looking to get into a new or used car today? Approved Loan Store wants to help YOU! Good credit, bad credit, 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 for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Auto Loan: EPA Promises More Fuel Economy Audits

In recent months, some automakers have been criticized for exaggerating the fuel economy of their newer models, and in response, the EPA will be auditing more fuel economy tests.

Ford, Hyundai, and Kia have been accused of overstating the fuel economy of their vehicles. As a result, Hyundai and Kia have had to adjust the ratings on some of their 2011, 2012, and 2013 models, and the EPA has promised to be more vigilant in checking these fuel economy claims.

At first glance, it doesn’t look too good for automakers. They said that their vehicles could achieve a fuel economy when it turned out that they could not. The truth of the matter, however, is much more complicated. Weather can affect the mpg of hybrid and electric cars, and different drivers can achieve different fuel economies. These automakers weren’t necessarily misrepresenting their fuel economy to the public but rather the average consumer misunderstood the mpg rating and thought it was a guarantee.

Even with the rating adjustments, the fuel economy on new vehicles is better than ever, and with gas prices today, consumers can save a lot of money on gas by trading in their older, less fuel-efficient model for a newer vehicle. Approved Loan Store can help you whether if you’re going for a trade in or just looking for a good deal on a new or used car. Get started today by filling out our secure online auto loan application here.

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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!

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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!

New Car Financing: Ford Offering Incentives on Focus Electric

As 2013 kicks into gear with low interest rates and more flexible loan lengths , automakers are also offering additional incentives for a variety of makes and models. Ford is the latest to announce major incentives in hopes to boost sales for the Ford Focus Electric.

Typically, the Ford Focus Electric has a starting price of $39,200. Right off the bat, Ford is knocking that starting price down to $37,995. From there, buyers can choose to buy the Focus Electric outright and get an additional $2,000 discount or take 1.9 percent financing from Ford Motor Credit. Either way, it means thousands of dollars in savings for people who might have been eying the Ford Focus Electric but were waiting for a good deal.

Standard features on the Ford Focus Electric include SYNC with MyFord Touch, dual zone electronic automatic temperature control, HD Radio, and heated front seats. I can’t deny that in this cold weather, the idea of heated seats is very tempting.

Now is the time to buy! Are you ready to get into that new or used car? 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!

Buying a Car By Horoscope – Not a Great Idea

Sometimes on a slow news day, news sites like to trot out silly fluff pieces like “How Clean Is Your Purse?” and “What Your Toothpaste Brand Says About Your Love Life.” We at Approved Loan Store had a good laugh, though, when we saw this headline, “Follow Your Zodiac Sign and Buy the Perfect Car in 2013.” This is not a joke. Someone actually wrote an article about buying a car based on your zodiac sign.

What do they recommend? Well, Aries gets the 2013 Dodge Challenger. Taurus will go for the 2013 Ford Flex. Gemini will jump for the 2013 Acura ILX. Cancer will prefer the 2013 Mazda CX-5. Leo, having a “flashy personality,” will pick up the 2013 Chevrolet Silverado. Virgo will take the reliable 2013 Toyota Corolla. The 2013 Volkswagen CC will catch Libra’s eye. Scorpio will spring for a 2013 Infiniti M37. Sagittarius will look for fuel efficiency and choose the 2013 Acura RDX. Capricorns will have a tendency towards the 2013 Lexus GS450h, and finally, Aquarius will pick up a 2013 Hyundai Elantra.

Now, I enjoy reading my horoscope in the paper. I don’t put much stock in it, but they can sometimes remind me to take things easier or to appreciate my friends or family. The notion that someone would base their car buying decision on a horoscope, though, is kind of ridiculous.

At Approved Loan Store, we don’t base how we do our business on horoscopes but on years of experience in auto financing. We work with customers who have stellar credit, no credit, and poor credit alike and use every available option to get them the car they want at terms they can afford. No need to check your horoscope, we are ready to help you!

Get started today by filling 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!

Image courtesy of Danilo Rizzuti / FreeDigitalPhotos.net

84 MPG, Compact Size Make New Elio an Appealing Car

The 2013 Toyota Prius boasts 47.3 average miles per gallon. The 2013 Ford C-Max Hybrid gets a combined highway and city 47 mpg. While these have been impressive numbers up until now, a new vehicle is boasting an unheard of fuel economy of 84 mpg.

Elio Motors announced that it is now taking reservations on its revolutionary new vehicle, the Elio. The Elio is technically classified as a motorcycle. It has only 3 wheels, 2 in front and one in the back, but the vehicle is enclosed like a car. It can hold a driver and one additional passenger, and the trunk space measures 27” x 14” x 10”.

While the Elio certainly isn’t built for families or anyone needing extra space, this is the perfect car for singles or couples. For a person who needs to commute into the city for work, the Elio is a great middle ground between a car and a motorcycle or moped. Plus, the price tag is very reasonable at only $6800.

Elio Motors has already started taking reservations on their website, but the Elio will not be available for sale until 2014.

Readers, what do you think? Would you feel comfortable driving an Elio? Do you think vehicles like the Elio are the future of cars or just a fad? 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 can help! Good credit, bad credit, no credit, we can help get you into a car you want at terms you can afford! Get started 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 for the latest auto news and buying tips!