Latest Car buying News

FILE - In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla will be able to sell and service its vehicles in the back yard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The settlement between the office of Michigan Attorney General Dana Nessel and Tesla is likely to be announced Wednesday, Jan. 22, 2020, says the person who asked not to be identified because terms of the deal haven’t been made public. (AP Photo/David Zalubowski, File)

Michigan lifts barriers to Tesla sales, settling lawsuit

Jan. 22, 2020 12:39 PM EST

DETROIT (AP) — Michigan has cleared the way for Tesla to sell more electric vehicles in the state and get them serviced under a deal filed Wednesday that settles a lawsuit by the automaker. It won't be as simple as Tesla opening a dealership on a corner lot. But consumers at least won't have to leave...

FILE - In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla will be able to sell and service its vehicles in the back yard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The settlement between the office of Michigan Attorney General Dana Nessel and Tesla is likely to be announced Wednesday, Jan. 22, 2020, says the person who asked not to be identified because terms of the deal haven’t been made public. (AP Photo/David Zalubowski, File)

Tesla can sell vehicles in Michigan under legal settlement

Jan. 21, 2020 5:33 PM EST

DETROIT (AP) — Tesla will be able to sell and service its vehicles in the backyard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The deal between the state of Michigan and Tesla is likely to be announced Wednesday, said the person, who asked not to be...

This undated photo provided by Porsche shows the 2020 Taycan. The Taycan is Porsche's first EV, and it's a multitalented one. You can use it just like a regular luxury sedan thanks to its four doors and two trunks, or you can drive it like a sports car and enjoy its rapid acceleration and hunkered-down handling. (Porsche Cars North America via AP)

Edmunds: Five noteworthy electric vehicles to buy in 2020

Jan. 15, 2020 6:00 AM EST

Your options for a new electric vehicle in 2020 are more diverse than ever. There will be an EV for nearly every vehicle type. But increased choice also makes it harder to choose. Edmunds has selected five top EVs that you'll want to consider. These vehicles have a range of at least 200 miles — which...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com.  (NerdWallet via AP, File)

Liz Weston: When leasing a car is the more frugal option

Dec. 30, 2019 7:15 AM EST

If you need a car, the most frugal option is to buy one that’s 2 to 3 years old, pay cash and drive it until the wheels fall off. The least frugal option traditionally has been leasing, where you make monthly payments to drive a car but don’t own it. You’re paying for the vehicle during its...

FILE - In this Oct. 20, 2019, file photo a long row of unsold 2019 F-Pace sports-utility vheicles sits at a Jaguar dealership in Littleton, Colo. (AP Photo/David Zalubowski, File)

Edmunds: What are your options at the end of a car lease?

Dec. 25, 2019 6:01 AM EST

This year was a record year for lease returns, with an estimated 4 million people bringing back their vehicles to dealerships, according to Edmunds data. The trend is expected to continue in 2020 as leasing has grown in popularity. Consumers nearing the end of their lease term typically return the car to the...

Man gets life sentence for killing cop close to retirement

Dec. 19, 2019 5:10 PM EST

CHICAGO (AP) — A man was sentenced Thursday to life in prison for killing an off-duty Chicago police officer who was shot while cleaning the car he had bought for retirement. Michael Bailey's wife and daughter said they had forgiven Antwon Carter, but Cook County Judge Stanley Sacks said he had “no...

FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. On Thursday, Dec. 12, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/John Bazemore, File)

US long-term mortgage rates rise; 30-year loan at 3.73%

Dec. 12, 2019 1:12 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week. Still, rates remain at historically low levels as a lure to prospective homebuyers. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed-rate mortgage increased to 3.73% from 3.68% last week. The benchmark rate stood at 4.63%...

Federal Reserve Chair Jerome Powell removes his glasses as he listens to a question during a news conference after the Federal Open Market Committee meeting, Wednesday, Dec. 11, 2019, in Washington. The Federal Reserve is leaving its benchmark interest rate alone and signaling that it expects to keep low rates unchanged through next year. (AP Photo/Jacquelyn Martin)

Fed leaves low rates alone and sees no moves in near future

Dec. 11, 2019 6:24 PM EST

WASHINGTON (AP) — Chairman Jerome Powell made clear Wednesday that the Federal Reserve is prepared to keep its benchmark interest rate very low through at least next year — and possibly longer. Fueling that expectation is the growing belief of Fed officials that inflation will remain tame even as...

This undated photo provided by Ford shows the 2020 Ford Escape. The vehicle is as an example of how the redesigned version of a vehicle offers a number of improvements that might be worth the added price. (David Westphal/Ford Motor Co. via AP)

Edmunds: Pros and cons of outgoing car model vs. redesign

Dec. 4, 2019 6:13 AM EST

The end of the calendar year can be an exciting time for new-car buyers. Many vehicles have been redesigned and are packed with the latest technology. However, the outgoing models are still on dealer lots and likely to be discounted steeply by automakers and dealers looking to meet year-end sales goals. These...

Police: man arrested for sitting naked in car outside Kohl’s

Nov. 30, 2019 11:47 AM EST

KNIGHTDALE, N.C. (AP) — Police in North Carolina say they’ve arrested a man on Black Friday after he was spotted sitting naked in a car at a shopping center. Knightdale police said an officer smelled marijuana coming from vehicles in a parking lot next to a Kohl’s store when he spotted...