Tag Archives: interest rates

Electric Vehicles Outsell Plug-In Hybrids in March

March was a fantastic month for car sales in the U.S., but more notably, it was the best month for electric vehicles ever recorded.

Last month, there were 4,553 battery electric vehicles sold, outselling electric hybrids for the first time ever. There were 3,079 electric hybrid vehicles sold that month and an additional 46,327 hybrid units, bringing the total of electric and hybrid vehicles to 53,959 units.

By comparison, there were 2,616 battery electric vehicles sold in February and 2,022 vehicles sold in January. According to EV World News, the Nissan Leaf did quite well in March selling 2,236 units, and they outsold the Chevy Volt which sold 1,478 units in March. Nissan and Chevy both dropped their prices on the Leaf and Volt considerably last year after sales for both models were lagging, and March might be a sign of those discounts really paying off.

Whatever kind of car you are looking for, Approved Loan Store wants to help YOU get it for the best rates possible! Good credit, bad credit, no credit, we will work to get you into a new or used 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, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Image courtesy of Victor Habbick / FreeDigitalPhotos.net

Audi Slims Down 2014 A4, Adds New Features

Automakers in the past year have made an effort to trim the extra weight off their most popular vehicles, but Audi took a huge step this week by promising more features and a slimmer figure on the 2014 Audi A4.

According to a report from AutoBild, Audi is planning to cut approximately 220 pounds off the 2014 Audi A4 and give the interior a full upgrade including a new infotainment system. Additionally, insiders are predicting that Audi will offer a plug-in hybrid and diesel-powered versions of the A4, increasing the fuel economy substantially.

If Audi delivers on these promises, they will set the bar very high for other automakers. Any automaker can make a lighter vehicle, but it is incredibly tough to build a lighter vehicle that also offers more than the previous heavier model. Besides that, Audi is making major changes to an award-winning vehicle, so this is a risk for them. It will be a long time until the world will get a look at the 2014 Audi A4, but until then, we will keep you updated on any new announcements or rumors on the A4 and other new models coming in 2014.

Are you ready 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!

Study: Deadly Daydreaming Distracts Drivers

A new study on distracted driving shows that daydreaming might be more deadly than using a cell phone while driving.

According to Erie Insurance Group, daydreaming while driving cause 62 percent of distracted driving accidents. Only 12 percent of distracted driving accidents were caused by cell phone usage, even though most initiatives targeting distracted driving are specifically about cell phone usage while driving. The study also named other major driving distractions such as eating while driving, managing pets, and talking with other passengers.

This study should change the conversation on distracted driving. The question shouldn’t be how drivers can do more while driving but rather how drivers should focus only on the road while driving. People are driving and thinking about a million things, thinking they can go on autopilot and still drive safely. Clearly, they are wrong. Distracted driving initiatives will be more successful if they start early with driver’s ed classes and target older drivers using public service announcements which focus more on the attitude that drivers can multi-task rather than just cell phones.

Readers, what do you think? Do you use your cell phone while driving? Do you think these public service announcements and initiatives are helpful for stopping distracted driving? Leave a comment below, and let us know what you think!

Image courtesy of graur razvan ionut / FreeDigitalPhotos.net

Automakers Turn Pranksters for April Fool’s Day

Monday was April Fool’s Day, and this year, a number of automakers pulled off some pretty hilarious pranks. In case you missed them, here’s a rundown of some of the best pranks this year.

First up, BMW decided to take on the celebrity baby craze by announcing the new BMW PRAM (Postnatal Royal Auto Mobile), designed specifically for Prince William and Kate Middleton’s baby. While the baby isn’t due until summer 2013, BMW thought they would get a jump on their competitors and build a stroller fit for royalty, complete with a paparazzi-proof hood and air conditioning.

Check out BMW’s PRAM here:

Next, Mini announced they would be branching out into matchmaker services. Mini drivers can create a profile on their in-car app Connect Us, and the app will match them with another Mini driver according to shared interests, driving style, and frequently visited locations. The in-car GPS will even suggest great date spots nearby so they can meet up right away.

Check out Mini’s Connect Us here:

Finally, my personal favorite of the day was Chevrolet’s idea for Corvette enthusiasts with a growing family. Instead of trading in the beloved Corvette for a sensible family car, drivers can now pick up an AeroWagonette for more seating space. The AeroWagonette is a trailer that hooks onto the back of Corvettes and comfortably seats 3 children. Its slick design also matches the look of the Corvette, so drivers won’t have to sacrifice style with their family car.

Check out the AeroWagonette here:

Readers, we want to hear from you! What was your favorite car-related April Fool’s Day prank? Do you wish that any of these products were real? Leave a comment below, and let us know what you think!

Are you ready 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 a car you want at terms you can afford! (No joking!) 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!

Buick Shows Off New Regal, LaCrosse at New York Auto Show

Today was the first day that the New York Auto Show was open to the public, but automakers were already showing off new vehicle models earlier this week including Buick’s premiere of the updated Regal and LaCrosse.

2012 was been Buick’s best sales year since 2006, and they are hoping that the New York Auto Show will give them an early sales boost in 2013. The Buick Regal had not performed as well as hoped in 2012 despite Buick’s otherwise good sales numbers, and Buick is hoping that the upgrades to the Regal will improve its sales in 2013.

Upgrades in the new Regal include a new 4.2-inch color display, LED daytime lamps and taillights, and a new grille. Buyers will also have the option of all-wheel drive as well as the choice between a new 2-liter turbocharged engine or a 2.4-liter engine and Buick’s eAssist technology. As for the LaCrosse, Buick focused less on changing up the exterior and more on updating the interior look and features including an eight-inch color display instrument panel and next-gen IntelliLink.

For more from the New York Auto Show, stay tuned to the Approved Loan Store blog!

Are you ready 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 you 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!

WardsAuto Announces 10 Best Interiors in April

Next month, WardsAuto will be narrowing down 47 competing vehicle interiors to only 10 for the honor of being named one of Ward’s 10 Best Interiors of 2013.

The top 3 automakers represented this year were General Motors with nine nominees, Toyota with seven nominees, and Honda with five nominees. Notably, the Ram 1500 was the only pickup truck nominated this year after having no pickup truck nominees last year.

WardsAuto editors serve as judges narrowing down and selecting the final list, and they judge interiors based on a wide variety of factors from the quality of materials used to safety features and “smart” car features. It seems like more expensive vehicles would have an edge over their competitors, but editors are less interested in price than what the driver is getting for their money. If the vehicle is a good price with a superior interior, it will have a better chance of making the list than an expensive car that doesn’t live up to its price tag.

The list will be announced next month, and WardsAuto will present the awards at a ceremony on May 22 in Dearborn, MI as part of the WardsAuto Interiors Conference. Stay tuned to the Approved Loan Store blog for the full list when it is announced.

Kia Reveals Wonder Woman Sportage at New York Auto Show

This week, the New York Auto Show has taken over the city with James Bond driving the new Range Rover Sport through downtown Manhattan and over 40 vehicles making their New York show debuts. Every auto maker is trying to catch the public’s attention and keep it throughout the show. Kia’s Wonder Woman Sportage is not only bringing attention to the brand but also to a greater cause, Kia’s “We Can Be Heroes” initiative.

Last year, Kia kicked off its “We Can Be Heroes” initiative with a Batman-themed Optima and announced plans to unveil custom cars based on DC characters The Flash, Cyborg, Aquaman, Superman, Green Lantern, and Wonder Woman. The Wonder Woman Sportage is the latest in the series to be revealed. All seven vehicles will be auctioned off, and funds will go towards Save the Children, International Rescue Committee, and Mercy Corps, specifically their work in the Horn of Africa.

So far, I’ve liked the looks of the Batman and Superman-themed Kias, but the Wonder Woman is easily the best design so far. The red and blue color combination pops, and the “W” grille looks fantastic. Time Magazine writer Brad Tuttle had predicted the Wonder Woman car would be the “girliest” of the bunch, but this is a car that anyone would want to drive.

Stay tuned to the Approved Loan Store blog for more updates and news from the New York Auto Show!

Are you ready 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 you 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!

March Record Month for Nissan Leaf

If sales trends continue, March might be the best month ever for the Nissan Leaf.

The Nissan Leaf has struggled since its initial release to pull in big sales numbers, mostly due to its price, but Nissan has rolled out a number of discounts and incentives over the past year. Back in October, Nissan dropped the price for the Leaf, and drivers whose cars were destroyed by Hurricane Sandy were able to purchase the Leaf as well as other Nissan models using the typical employee discount. President Obama has also rolled out tax credits on qualifying hybrid, natural gas, and electric cars which includes the Nissan Leaf.

Across the board, electric cars saw a boost in November thanks to these discounts, but now the Nissan Leaf is looking to have its best sales month ever, selling more than 1,900 units in March. While Nissan leadership is pleased with the numbers, though, they are already pushing ahead. Nissan CEO Carlos Ghosn was quoted, “Our ambition on the Leaf is not 2,000 a month. The target is much bigger than that. But we will have to be patient and resilient.”

Readers, we want to hear from you! What do you think of the Nissan Leaf? Have Nissan’s incentives and discounts made you consider taking the Leaf for a test drive? Leave a comment below, and let us know what you think!

Are you ready 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 you a car you want at terms you can afford! Get started today by filling out our secure online auto loan application here, and connect with Approved Loan Store on Facebook, Twitter, and YouTube!

NHTSA Releases New Mobile SaferCar App

A new phone app from the National Highway Traffic Safety Administration will keep users up to date on the latest recalls and auto safety information.

SaferCar, which is currently available on mobile iOS devices, allows users to search for vehicle safety ratings, read safety complaints, check for recalls, and even access a how-to guide for installing child seats. U.S. Transportation Secretary Ray LaHood stated recently that there was a high demand for a mobile app of SaferCar which was previously available as a program on the NHTSA’s website, and LaHood says the mobile app version will help consumers “buy safe, drive safe, and stay safe.” For example, car shoppers can access the app when they are at a dealership and check safety ratings or any recalls on a specific model.

While we haven’t had a chance to check out the new app yet, Approved Loan Store is a big proponent of informed car shoppers. The online version of the SaferCar program has been a fantastic resource for consumers, and it is great that it will be available on-the-go. Currently, SaferCar is not available for Android phones or tablets, but an Android version is in development and will likely be available soon.

Are you ready 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 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, connect with Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

CFPB to Auto Dealerships: Remember Consumer Rights

At Approved Loan Store, we believe it is important for every consumer to understand their rights, particularly when it comes to auto loans, and we want to commend the Consumer Financial Protection Bureau (CFPB) for reiterating those rights to dealerships and the general public this week.

Under the Equal Credit Opportunity Act, lenders cannot discriminate or alter the terms of a loan based on race, color, religion, national origin, sex, marital status, or age. A person cannot be charged a higher interest rate if they are old or young, black or white, married or single, or a person with or without religious affiliations. The CFPB is helping people to understand their rights and issuing instructions on legal recourse if a consumer is the victim of discriminatory practices. CFPB Director Richard Cordray stated emphatically this week that, “Consumers should not have to pay more for a car loan simply based on their race,” and we at Approved Loan Store couldn’t agree more.

Right here is one of the reasons why our customers love Approved Loan Store. We work for you to get the best terms possible on a new or used car, and our special finance representatives are educated on all the latest consumer protection laws so they can look out for your best interests. Our process makes it buying a car more simple and enjoyable.

Are you ready to get into a new or used car today? Approved Loan Store is ready to help YOU! Get started today by filling out our secure online auto loan application here, and for more auto news and buying tips, check out Approved Loan Store on Facebook, Twitter, and YouTube!