Not long after revealing the new, 2017 Chevrolet Bolt, General Motors has announced that the boxy little electric vehicle will have as starting MSRP price of $37,000 in the United States.
U.S. buyers are eligible for at least 7,500 in government tax credits, meaning they will end up paying only $30,000 or possibly even less. The impressive new Chevrolet Volt hybrid, which uses both an electric and gasoline engine, carries a $33,170 MSRP before government incentives.
All models come standard with a digital instrument cluster, split-folding rear seats, and an infotainment system with a 10.2-inch display, while optional features include a wireless smartphone charger, and a Rear Camera Mirror that “projects a wide-angle view of the area behind the vehicle in the inside rearview mirror.”
Buyers can also opt for a Surround Vision system that uses four strategically-placed cameras to provide a bird’s-eye view of the vehicle via the infotainment system.
The Bolt can drive over 200 miles (322 km) on a single charge, nearly double the range of the Nissan Leaf and BMW i3. The 2016 Nissan Leaf starts at $34,200 before government incentives, while the i3 stickers at $41,350.
It takes approximately nine hours to completely charge the battery pack when depleted using an optional 240-volt charging unit, but GM says the Bolt supports fast charging to 80 percent in less than an hour.
Based on range alone, Chevrolet’s EV is clearly a great value proposition.
5 Tips For Buying A Used Car On Craigslist
Craigslist doesn’t have to be a scary place to do your used car shopping.
Craigslist has revolutionized the buying and selling of goods and services. Placing ads is free and the site is well trafficked, meaning you will find a lot of people offering things for sale and looking to make purchases.
You can also cast as wide a net as you’d like, increasing your pool of prospects considerably. For these reasons, buying a used car on Craigslist can be both simple and fraught with peril. Here’s are some tips that will help you experience the former by avoiding the latter.
1. Study the Make and Model Online
to find out what the type of car you like is going for and what its known trouble areas are. This way, you’ll know a good deal when you see one.
You’ll also have a checklist of things to investigate when you drive the car for the first time. If you’re going to need financing to make the purchase, be certain your budget will let you pay for the car you want by running the numbers through a .
While you’re at it, apply for a pre-approved used car loan.
2. Examine Ads Carefully
More pictures are better than a few, especially when those pictures cover every possible detail. Keep in mind that you’re buying a used car, so there are bound to be certain defects. Honest sellers will and take them into consideration when pricing the car.
Grammatical errors and poor spelling in descriptions should be considered something of a red flag. If the seller isn’t willing to put in the effort to present the car in its best possible light, they’re probably the sort of person who’ll neglect its maintenance too.
While you’re looking, cycle back through the ads to see how many times that particular car appears. If it’s been there for a while, there could be a problem. Nicely priced cars in good condition tend to go within a couple of weeks or so.
When you call, pay attention to the mannerisms of the seller. Ask about the car’s history and why it’s being sold. Take note of their responses, you’ll need them when you go see the car in person.
3. Meet In A Public Place, Take A Friend
When you make arrangements to see the car, ask the seller to meet you in at a shopping center, bank or even better — near a police station. Take a friend with you so that you won’t be alone when dealing with a stranger who might think you have a lot of cash on you.
If you decide to test drive the car, ask for the seller’s ID, proof of insurance and the car’s registration card. Inspect these documents carefully to ensure the information matches on all of them. If there are disparities, ask why.
Give yourself enough time to drive the car over a variety of surfaces, as well as on the highway and city streets. Listen for untoward noises and rattles and the like. Go down your checklist of problem areas to ensure the car is free of the typical glitches the model experiences.
Ask again about the car’s history and why the seller is parting with the car. If the responses vary from what you were told on the phone — consider this a red flag.
4. Get it Inspected
If the car seems like it might be the one, ask the seller if they’re open to allowing your mechanic to inspect the car. Scrupulous individuals will be OK with this. While you’re at it, record the car’s VIN so you can run a CARFAX report to see if it has been serviced regularly, or involved in any accidents.
5. Make the Deal
If everything checks out, get back with the seller, make an offer and negotiate the best price you can get. Your research will have given you a solid idea of a fair price, so be reasonable with the person. The last thing you want to do is insult someone who has a good clean car by offering them a stupid low amount. After all, they know what they have too.
Once you’ve agreed upon a price, have them meet you at the DMV to exchange the cashier’s check (never cash) for the title, all of the keys, and the owner’s manual. Have them go into the DMV with you to transfer the title and drive away in your new (to you) car once this is done.
And, that’s all there is to it. Buying a used car on Craigslist really can be a good experience — when you follow the advice above.
Find Out How Well Your Vehicle Will Retain Its Value
Car buyers often overlook depreciation and the impact it has on their car’s resale value. Don’t make that mistake!
Depreciation stands as the largest expense that comes with owning a vehicle, topping servicing, gas, and insurance. In Canada, the average vehicle loses 34% of its value within just a year. Five years down the line, you’re looking at an average of a 67% drop in value.
Given that around 50% of vehicles in Canada are financed over eight years or more, depreciation is becoming an increasingly important factor. A recent survey by J.D. Power found that the trade-in value of a vehicle is lower than that of the remaining balance on the loan in 33% of cases.
Furthermore, it was found that outstanding payments on a $35,000 vehicle totaled a painful average of $7,000. You’ve probably heard about the fact that the value of a new car declines by up to 10% the minute you , but not all vehicles depreciate equally.
Let’s take a look at the main causes of vehicle depreciation, how you can slow it down, and how to avoid it by buying the right car.
Causes of Vehicle Depreciation
Manufacturer: Who made your car plays a major role in determining its future value. . You’ll quickly notice that Japanese brands, such as Toyota and Lexus, are particularly sought-after, giving them some of the best value-retention rates around.
Vehicle Type: Midsize and compact vehicles depreciate slower than SUVs and luxury sedans due to their lower upkeep and maintenance costs.
Safety Ratings: Safer cars are going to retain their value better than those with low safety ratings. Reliability can also be included in the equation, which would explain why Toyota and Lexus vehicles retain their value so well.
Mileage: Fuel-efficient vehicles generally depreciate slower, which is another reason why small-engined Japanese cars retain the most value. The Toyota Prius is a good example versus, let’s say, an older Mercedes with a gas-guzzling V6 or V8 engine.
Wear and Tear: Naturally, cars that are more dented, scratched and worn away will lose their value faster. If you park yours outside, consider finding an indoor space where your car’s paint and interior won’t be damaged by sunlight.
Vehicle Age: This is an inescapable factor of depreciation. Older cars are heavier on fuel, lower on features, and often less safe, making them less enticing to prospective buyers.
How To Slow Down Vehicle Depreciation
Driving safely will help you avoid the biggest blow to your vehicle’s value. Avoid putting on unnecessary mileage and to reduce wear and tear.
Regular maintenance is also important. Frequent oil changes, tune-ups, and new tires can go a long way in reducing the depreciation of your vehicle.
Of course, the most effective way to fight depreciation is to buy a car that retains its value better than others. Use the above-listed factors to make an informed decision. Focus on manufacturer, reliability, safety, fuel efficiency and features.
With this knowledge, you can make a better decision next time you buy a new vehicle. This can help you save yourself from thousands of dollars in potential depreciation losses.
2020 Chevrolet Corvette C8 Price Starts At $59,995
Chevrolet wasn’t kidding when it said the C8 Corvette would start at less than $60,000.
The 2020 Corvette Stingray has a after a $1,095 destination fee, which means it costs a mere $3,000 more than the base C7 Corvette Stingray.
Chevy’s mid-engine supercar is the performance bargain of the century, seeing as no other performance car offers as much value at such a low price.
So what does $59,995 get you? A generously-equipped 2020 Corvette Stingray 1LT, which comes with a formidable list of standard features such as a 12.0-inch digital instrument cluster, an 8.0-inch touchscreen infotainment system with Apple CarPlay and Android Auto compatibility, eight-way power seats wrapped in Mulan leather, a leather-wrapped steering wheel with power tilt and telescoping functions, a 10-speaker Bose audio system, dual-zone automatic climate control, rear parking sensors, and a proximity key.
Kicking off at $66,200, the mid-level 2020 Corvette 2LT build’s up on the 1LT’s standard features with a host of key comfort and convenience items, including a head-up display, a wireless phone charger, heated and ventilated seats with a memory function, a heated steering wheel, a 14-speaker Bose premium audio system, an in-dash navigation system, power-folding mirrors, a rearview mirror that projects a camera feed, a front-end camera, blind-spot monitoring, and rear-cross-traffic alert.
Finally, the top-trim Corvette 3LT price starts at $71,945 and is mostly a cosmetic upgrade over the 2LT, making everything fancier with leather and “sueded microfiber” that cover most interior surfaces. It also comes standard with the 2LT’s optional GT2 sport seats, complete with Napa and Mulan leather seating surfaces and carbon fiber trim.
All 2020 Corvette Stingray models are powered by a mid-mounted 6.2-liter V8 that produces 490 horsepower and 465 pound-feet of torque. An eight-speed dual-clutch transmission and dry-sump oil system come standard, as well as Brembo brakes and Michelin Pilot Sport ALS run-flat tires.
Buyers can shell out for the optional performance exhaust system ($1,195) that raises the V8’s output by 5 horsepower and 5 lb-ft. of torque to 495 hp and 470 lb-ft.
Alternatively, they can opt for the $5,000 Z51 package, which bundles the performance exhaust system with a performance suspension setup, an electronic limited-slip differential, a front splitter, a rear spoiler, improved cooling, a package-specific rear-end ratio, bigger Brembo brakes, front brake cooling inlets, and high-performance summer tires.
If you’re interested in knowing the myriad of ways you can customize your 2020 Corvette C8, we recommend checking out the . Deliveries begin in early 2020.
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