Marketing is great about inventing new names for every genre and subgenre and niche. If you take a walk through your local dealership’s lot, you’ll see that vehicles are no different. So you want something between a sedan and a van, and you don’t want to drive a soccer-mom mobile. You’re looking at vehicles that are classified as “crossovers” like the Jeep Compass and Honda HR-V, and “SUV” vehicles like the GMC Terrain and the Hyundai Santa Fe, but you have no idea what the difference is. Don’t worry, some of the marketing agents don’t seem to know either!
The car buying process has certainly changed over the past 10 years with all of the information instantly available to the consumer across the internet. For the most part, your basic car buyer is going to know how much they should be paying for a vehicle and what their trade is worth BEFORE they ever set foot onto a car lot. One group that is particularly web and information savvy are the Millennials.
Millennials, in general, are the under-35 consumers. According to MaryLeigh Bliss, chief content officer at Ypulse, “Millennials are not a risk-taking generation, and the recession has majorly impacted their views of luxury and conspicuous consumption. It's not as appealing to them as it was to previous generations to own a car made to ‘show off.’”
So, just what cars are the Millennials buying? Based on 2016 report from MarketWatch, here are the top 3.
Buying a car can be bewildering. You step on the lot, and you see soooo many cars. Some are autos you wouldn’t ever want to drive (but you can easily afford) to your dream vehicle with all the bells and whistles. As you walk through the lot, you start looking at the price tags, and sticker shock starts to set in. You know you have enough money to afford a car payment, but you might not know exactly how much car you can get with that money. This is where a pre-approved car loan can be your best friend. Rather than picking out a car and then getting a car loan, many buyers prefer to go the other way around. So why should you get a car loan approval before stepping on the lot?
No credit is not the same as bad credit. Having no credit doesn't mean that you aren't a responsible person, it typically means that you haven't had a need to establish any credit at this point in your life.
So, what is a hybrid car? Simply put, a hybrid car is a vehicle that uses more than one form of "onboard energy" to propel itself down the road. It accomplishes this by supplementing the power of an internal combustion engine with a battery powered electric motor. In the USA, hybrid vehicles are powered by combination power plants consisting of an electric motor and a gasoline engine. In other parts of the world they also use a diesel/electric combination.