Tag Archives: poor credit

Slackers Park in the Kitchen: Why Forbes’ Review of the Toyota Coms Misses the Point

Car companies have tried to appeal to young drivers with navigational systems, sound systems that sync with the driver’s iPod, and hands-free calling and texting. Toyota is trying a new tactic, though, by making their cars smaller than ever.

How small are these new Toyotas? Imagine parking in your kitchen.

Toyota’s new single-seater Coms are limited as far as space and weight. They can only fit a driver and 2 bags under a combined weight of 308 pounds, and the car’s top speed is 37.5 miles per hour. Still, this car could revive young drivers’ interest in car ownership.

In their review of the Coms, Forbes was more skeptical of the car’s appeal saying it “looks like it fell off a carnival ride.” Writer Michael Kanellos also makes a baffling observation that these cars are meant to “capitalize on the diminished expectations of global slackerdom.” This is such a cop-out answer to an industry-wide problem. Instead of blaming young people for not buying traditional cars and labeling them as slackers, maybe Kanellos should understand why cars like the Coms are so appealing to young drivers.

First off, more people are living in cities, and big cities can be costly for car owners. They have to pay for a parking space or a permit, and if they don’t get a designated spot, they have to spend lots of time searching for a spot. Also, many young people are still paying off student loans and working entry-level jobs, and they can’t justify the cost of a car plus insurance and parking fees. At this point, young people living in big cities would rather take public transit and rent a car only when they have to.

Imagine for a moment, though, how the industry would change with more cars like the Coms. The price ranges from $8,922 to $10,000, and they wouldn’t have to worry about paying $100 a month to park their car. Instead, they could drive it right into their apartment. It wouldn’t be able to handle a trip out of town, but they could take it down to the grocery store or out shopping. Young drivers would love it and would probably buy it. Kanellos thinks that driving is about feeling the “breeze blow back your hair,” and he believes that new drivers are a product of “global slackerdom.” I think these new drivers are money conscious and are waiting for a car to meet their needs, and the Coms could do just that.

The Coms are not for sale in the United States yet, but if they are successful in Japan, I could see them popping up in New York very soon. If you are looking for a car or your current car isn’t fitting your needs, Approved Loan Store can help! We want to help you get into the car you want at terms you can afford. Fill out our secure online auto loan application here, and get the latest 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!

Brooklyn Dealership to Pay Fines, Restitution for Misleading Customers

At Approved Loan Store, we strive to make the auto buying process easier and better for all of our customers, but we hear horror stories all the time about other dealerships and their deceptive practices. Many of our customers have been to other dealerships and had such a poor experience that they are reluctant to even set up an appointment with our Special Finance Representatives. This is why we get so upset when we read about dealerships (particularly local dealerships) that are taking advantage of customers and not following the law.

On Sunday, New York State Attorney General Eric Schneiderman announced that 46 consumers who purchased cars at Brooklyn’s Giuffre Hyundai, Giuffre Kia, Giuffre Mitsubishi, and Giuffre Mazda dealerships would receive $300,000 in restitutions. The dealership used fraudulent sales practices and additionally misled customers about the terms of their car sale and financing.

Sadly, most of these customers were vulnerable to these tactics. Brooklyn State Supreme Court Judge Bernard J. Graham stated that the dealership targeted “older persons, unsophisticated, or unfamiliar with English,” and the dealership sold them cars “they never intended to buy or [at] a price that was dishonestly represented to them.”

At Approved Loan Store, our goal is to get our customers into cars they want and cars they can afford. Every step of the way, we strive to give our customers a great car buying experience, and Approved Loan Store’s Special Finance Representatives make sure that the financing is clear and reasonable. Our results and the glowing testimonials we receive every day are proof that our methods work, and we are glad that dishonest dealerships are being held accountable for their actions.

Are you ready to get into a new or used car today? Fill out our secure online auto loan application here, and get the latest car news and buying advice by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Image courtesy of Boaz Yiftach / FreeDigitalPhotos.net

Paris Motor Show: What’s New and Shiny from Chevrolet

The Paris Motor Show kicks off tomorrow, and all the major car manufacturers are giving auto enthusiasts an early sneak peek at what they can expect to see from the show. Today is our last day of coverage before the show, but you can get the latest from the Paris Motor Show via the show’s official website.

Chevrolet will be only debuting one new SUV at the Paris Motor Show, but they are showing off several new updates to old favorites that are certainly worthy of note.

First up, the headliner is the new Chevrolet Trax which Chevy has touted as dependable yet modern, a highly versatile SUV that handles like a car. It is a smaller sized SUV but has space to seat 5 people, and the seats can be folded over for additional storage in the back. For the driver, the Chevrolet Trax will include Chevrolet MyLink as a standard feature. MyLink syncs with the driver’s smartphone and allows the driver to place calls, select a music playlist, get directions, or access other information from their smartphone on the car’s high resolution touchscreen. The screen also shows the car’s rear view camera, an invaluable tool when parallel parking.

I have a feeling that the Trax will appeal to people who like the look and space of an SUV vs. a sedan but prefer the handling of a smaller car. Families will probably be the target audience, and with the MyLink system as a standard feature, I could see the Trax doing very well with car shoppers who might otherwise consider a minivan or a four-door hatchback sedan.

The rest of Chevy’s Paris Motor Show line-up is mainly redesigns and updates. The Chevy Spark will get a redesigned grille, front bumper, head light covers, and fog lights as well as a new center LED light in the spoiler above the window. Additionally, the Chevy Orlando will be getting a new 1.4L turbo gasoline engine that will be more fuel efficient at about 38 miles per gallon, and the Cruze station wagon and Malibu diesel will be on display, though they have already premiered in Europe. Finally, Chevrolet’s two Youth Concepts, the Code 130R and Tru 140S, will be on display again. These concepts have previously been on display at shows around the world from New York to Beijing and Geneva, and they have gotten rave reviews. The Code 130R even made CNET’s top 10 best concept cars of the international auto show season, so while the Code 130R and Tru 140S have already been seen around the world, they are still an exciting addition to the Paris Motor Show.

To see more of the upcoming show, stay tuned to the Approved Loan Store and check out the event’s official site here. Also, get the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Chevy Offers $10,000 in Discounts on Volt

If you’ve been thinking about picking up the Chevy Volt but were hesitant because of the price, right now might be the perfect time to buy.

The Chevy Volt has had a tough time in sales since its release, even with drivers who are environmentally conscious or loved the idea of paying only $1.50 to charge its battery. It was a great car, but the timing of its launch was completely wrong. People were looking to cut costs in the short term, and paying $41,000 for a compact car did not make sense, no matter if they saved money in the long run.

Now, Chevy is trying to move the Volt off its lots without too much of a loss. There has been a $7,500 federal tax credit attached to the Volt to encourage drivers to make the change to a hybrid, but Chevy has added on more incentives throughout 2012, adding up to a $10,000 discount. Since the discounts were put in place, Volt sales have seen a dramatic change. Chevy has already sold over 13,000 Volts this year compared to 7,700 last year. The Volt is beating out every other electric car on the market including the Prius Plug-in and the Nissan Leaf.

Chevy is not the only dealership moving last year’s models off the lot. At this time of the year, dealerships across the country are offering deep discounts on a wide range of makes and models. For the best deals, now is the time to buy that new or used car, and Approved Loan Store is ready to help you every step of the way. Good credit, bad credit, no credit, we want to help you get in the car you want at terms you can afford!

To get started 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 for the latest auto news and buying tips!

Ford Focus Challenges Corolla for World’s Top Seller

For years, the Toyota Corolla has reigned as the world’s best-selling car, but this year, the reigning champ might have some competition.

Ford has projected that based on their current sales numbers, the Ford Focus will outsell the Toyota Corolla worldwide in 2012. According to their press release, the Ford Focus is leading the Toyota Corolla, 489,616 to 462,187. Volkswagen also has its sights set on the top spot with the new VW Golf, though it is not expected to overtake the Corolla this year.

While it would be exciting to see a shake-up with the top rankings, I think Ford is being a little premature in their celebrating. After all, they have been close to beating the Corolla before and have ultimately lost in the final sprint to the end of the year. I’m not a superstitious person, but I do believe that Ford might have jinxed itself with this press release. Maybe they should have focused a little less on press releases over a projected win and focused on selling their Focus.

Whether you want a Toyota, a Ford, a Volkswagen, or something else entirely, Approved Loan Store wants to help! Good credit, bad credit, we want to get you into a great car! 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!

The Paris Motor Show: What’s New and Shiny from Kia

The Paris Motor Show is coming up in a little over a week, and all the major car manufacturers are giving auto enthusiasts an early sneak peek at what they can expect to see from the show. Up until the show next week, we are going to bring you the latest news and announcements coming out of the Paris Motor Show.

Kia’s line-up for the Paris Motor Show is a bit more modest than BMW or Nissan. They are only pushing two new vehicles, and neither car is flashy or futuristic or have promotional pictures with Lady Gaga’s rejected back-up dancers. The new Carens is a family-oriented compact car, and the new pro_cee’d is a souped-up hatchback that was actually a pretty popular model for Kia.

What they lack in pizazz, though, they make up for in practicality. Kia loves to tout its value, and the newest upgrades to both models make them an even better deal for buyers on a budget. For the environmentally conscious, Kia has also worked to reduce carbon dioxide emissions with the new pro_cee’d down to 97 g/km. I predict right now that Kia isn’t going to make any big headlines this year, but their new and improved Carens and pro_cee’d will quietly rack up some great sales for Kia.

The Paris Motor Show: What’s New and Shiny from Nissan

At the Paris Motor Show, just about every car brand is premiering something new and shiny. It can be tough to keep track of everything and know which cars to keep a look out. While it is impossible for us to cover everything from the show, we want to give you the highlights, including the new models premiering at the show. Today, we’re bringing you what is new, shiny, and standing out in Nissan’s announced line-up.

Imagine a zero-emissions car that can handle tough terrain. Imagine the future of city transportation in London and New York City. Imagine a car designed in collaboration with one of the most famous fashion magazines in the world. All of these cars (and more) will be on display by Nissan.

The TeRRA, NV200 Taxi, and Micra ELLE are only a handful of the vehicles that Nissan will be showing off. Personally, I’m excited for the Juke with Ministry of Sound, a limited edition model that Nissan worked on in collaboration with the aforementioned Ministry of Sound. It comes in Metallic Black or Solid White, and the Juke Box, which will be at the Nissan stand, will show off the “world’s ultimate sound system.”

Car Shopping in the Golden Years

Each car buyer has very different needs. Families need a different car than a college student. Different models offer more space, a better speaker system, leather seats, more cup holders and spaces for toys and books. Similarly, older drivers definitely need a different car than younger drivers. For young car shoppers, car buying means how much flash and bang you can get for your buck. When you are shopping for a car post-retirement age, however, there are more factors that must be taken into consideration for both comfort and safety.

Visual impairments, arthritis, and other degenerative conditions are the biggest factor that retirees should keep in mind while shopping for a car. By choosing the right car now, they won’t have to deal with potentially costly upgrades and modifications later. Keyless entry and thicker steering wheels would be a good choice for someone dealing with arthritis, plus they should look at the height of the car and whether they can climb in comfortably. Some trucks and SUVs are taller, and they might be tougher to climb into depending on the driver’s height. Also, drivers with vision issues might benefit from having a rear-view camera in addition to larger side mirrors. It might be helpful before going into the dealership to read up on models that offer features that will suit your specific needs. This way, you can narrow the field before even walking in the door.

While you can certainly read up and research makes and models before getting to the dealership, though, there is nothing that replaces a test drive. Car buyers are doing test drives less these days, but for older car buyers, it is imperative so that any potential problems are caught before any money is put down. Also, if you really like a car but you want something customized, don’t be afraid to ask the salesperson. They might not always be able to accommodate, especially if you are looking at used cars, but it is better to ask than question your car buying decision later. The great part about buying through Approved Loan Store is our large inventory of pre-owned vehicles. Our locations offer a wide selection at low prices, so you might not have to compromise on what you want, what you can afford, and what will suit your specific driving needs.

Are you looking to get into a new or used car? Good credit, bad credit, no credit, Approved Loan Store wants to help! 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!

Image: FreeDigitalPhotos.net

Classic Car Horn to Get an Upgrade

Ah, the car horn. Classic and almost completely unchanged over the years, it is still the most satisfying way to let other drivers know that they are doing it wrong. Car manufacturers have said recently, though, that the car horn might finally be due for an upgrade.

Designing a car horn is actually much more complicated than it seems. First, they have to decide what musical note combination will be used the horn’s sound. They want a combination that is not overly irritating but will also catch a driver’s attention. Also, manufacturers have to produce a horn that will comply with state and international noise laws while also improving on the current models.

What can consumers expect from these new car horns? Well, designers want them to be lighter to increase fuel efficiency. At the same time, they should be stronger and able to hold up to higher usage while at the same time staying low cost. It is uncertain when these new car horns will be integrated into new car models, but it is not likely to be anytime soon. Until then, you can walk down the street of Manhattan and enjoy the cacophonous symphony of A and F-note car horns.

Are you looking to get into a new or used car? Approved Loan Store wants to help you, whether you have good credit, bad credit, or no credit! 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!

Image: FreeDigitalPhotos.net

Real-Life Superhero Wrecks Hummer to Save 4 Children

One of my favorite films of all time is The Dark Knight. While perusing the auto news headlines this week, I was reminded of a scene in the movie when Bruce Wayne wrecks his beautiful Lamborghini and puts his life in danger in order to save a man’s life. Recently, an eerily similar event happened in Alberta, Canada where a driver saved the lives of 4 minors from another driver who was driving erratically and talking on his cell phone.

Darrell Krushelnicki was having a normal day, driving his Hummer H3 and minding his own business, when he noticed 4 minors crossing the street together. The youngest was 3 years old, and the oldest was 16. Darrell also noticed another driver in a Pontiac G5 who was speeding along at 50 mph in a 20 mph zone, talking on his cell phone, and showing no signs of stopping at the crosswalk. He could have honked his horn, warned the kids to get out of the street, or done nothing at all, but instead, he cut in front of the Pontiac G5 and stopped it from running down the kids. Fortunately, neither Darrell nor the other driver was injured, but both cars sustained major damage.

This is how I imagined that it happened:

Like many other people, I am amazed by Darrell’s story. His bravery and willingness to sacrifice his Hummer to save these children’s lives is commendable. The local police are recommending Darrell for an award, and I hope he gets recognized for what he did. Not only does he deserve it, but it could lead to more discussions about the dangers of distracted driving.

Are you looking for a new or used car? Good credit, bad credit, no credit, Approved Loan Store wants to help you! Fill out our secure online auto loan application here, and connect with Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!