Used cars are still a better buy over new, but with all the incentives on the table, the value gap is closing.

(Source: CNN via Yahoo)

The sharp car buyer’s advice has long been that a well-cared-for, late-model used car is always a better value than a brand new one.

Used cars are a smart buy because of depreciation, which is greatest in the first year or two, which means someone else gets stuck with the biggest value-drop. And you aren’t giving up very much in return – these days, cars last a lot longer, so a car with 20,000 or 30,000 miles can still have plenty of life.

But weak sales have led to heavy incentives on new cars. While a used car is still cheaper than a new one, in some cases the price difference will be surprisingly small, according to researchers at the automotive Web site Edmunds.com.

“Certified pre-owned” cars are another option. CPOs are selected low-mileage used cars that have been inspected, refurbished as needed and certified as being in top-notch condition, according to criteria laid out by the car’s original manufacturer. Most importantly, they have added warranty coverage. CPOs cost more than non-certified used cars, but the quality can make the extra cost more than worth it.

 Click here to read the entire anlysis.

 (Source: Reuters) 

 (Source: TreeHugger)

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(Source: Wall Street Journal)

President Barack Obama’s auto team will spend Monday at the Detroit home of the Big Three as the administration begins to narrow its options for helping the reeling auto sector.

The field trip wraps up nearly three weeks of fact gathering by the team since General MotorsCorp. and Chrysler LLC submitted their rescue plans to the Treasury Department in the hopes of winning billions more in government loans. Ford Motor Co. is not seeking government aid.

Top Treasury Department advisers Steven Rattner and Ron Bloom, who are leading the auto task force, plan to use the day in Detroit to hone an array of lingering questions surrounding the companies’ rescue plans, which many analysts have criticized as overly optimistic. The team will also meet with the United Auto Workers union to discuss its willingness for deep compromises over wages, staff cutbacks and funding for its retiree health plan.

The weeks ahead are filled with peril for both the White House and the auto makers as administration officials face a March 31 deadline for deciding whether to give the companies nearly $22 billion more in federal assistance.

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Florida Deal With Spanish-Led Group Serves as a Model for Cash-Strapped States

(Source:  Wall Street Journal)

 (Source: CNN)

One dentist in Iowa found an ingenious way of keeping his chair filled with patients.

You may not have the answer for how to thrive in a lousy economy. I may not have the answer for how to thrive in a lousy economy. But the truck stop dentist figured it out a long time ago.

“When your dental practice is in a truck stop, you don’t have a lot of patients coming in for their six-month cleanings,” said Dr. Thomas P. Roemer. “You have people walking in holding their jaws in pain. Treatment is not optional — they need to see a dentist, and they need to see me now.”

Dr. Roemer’s one-man dental office is inside the Iowa 80 Truckstop, at Exit 284 of Interstate 80, near the small town of Walcott. The complex proclaims itself to be the world’s largest truck stop, and if you’ve never been there — well, the truck stop itself is probably a story for another time. Suffice it to say that the establishment is spread over 200 acres, that it features its own movie theater, a 300-seat restaurant with a 50-foot salad bar, the Super Truck Showroom (more than 75,000 truck-related items for sale, festooned with enough gleaming chrome to make you reach for your sunglasses).

Click here to read the entire article.  (Video is not from the CNN article.  I found it on YouTube)

 (Source:  Time) 

(Source: Washington Post)

But the slow ride may soon be over. The project is one of dozens nationwide that are likely to benefit from President Obama’s initiative to fund high-speed and intercity passenger rail programs, including $8 billion in stimulus money and $5 billion more over the next five years in the administration’s proposed transportation budget.

  (Source: AOL Autos via CNN) 

 Basketball phenom LeBron James has one. As does actor Matt Dillon. So, famously, does politician Al Gore’s son.

A triple digit speeding ticket results in different punishments in different states.

You may think it’s a Bentley, Benz or even a Prius, or the latest celebrity accoutrement, but we’re not talking about that. All of these famous individuals have a speeding ticket citation for allegedly driving above 100 mph.

As the three drivers were cited in three different states, they all face varying combinations of penalty fines, courts fees and possible license suspensions. But even if a prospective fine won’t hit LeBron’s oversized pocketbook too hard, it often adds up to a pretty penny for the average motorist once an insurance adjustment — or policy cancellation — is taken into account.

What does it mean to get caught going triple digits? We take a look.

When you hear about it

Maybe you were driving too fast on a straight section of freeway and heard that ominous siren that means a hefty speeding fine is on the way. Maybe you were opening your mail over a cup of morning coffee and noticed a letter with a funny-looking city insignia on it.

Or maybe you were sitting watching TV when you noticed a police car pulling up outside then heard a knock on the door. However the police got to you — and it varies by the state you live in – you’ve now been cited for driving above 100 mph.

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(Source: Autobloggreen) 

 

As we’re sure you’ve noticed every time you’ve gone to refill your gas tank in the last few months, gas is once again relatively cheap. Just under a year ago, the price for a gallon of fuel was about double what it is today in most parts of the country, and those high costs were driving the sales of hybrids – both new and used – to record levels. Now? Well, not so much.

According to Kelley Blue Book, used hybrid prices have fallen by an amazing 23.5 percent since last summer, and 4.5 percent of that has come in the first two months of 2009. It’s not just fuel prices that are causing hybrid values to plummet. Due to the lack of discretionary spending money and despite the savings on each tank of gas, the extra cost associated with a hybrid at the time of initial purchase is something that many buyers are unwilling to consider.

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