money

Car & Automotive

Car expenses that actually are worth the money

Hana Livingston,Mia Taylor

20 hrs ago

Taking the High Road

It’s easy to get overwhelmed by the abundance of car-related goods and services, from pricey detailing to costly maintenance and premium fluids. Car owners on a budget must decide when to spend more and when to cut corners. Pinching pennies in the wrong places, however, can cost you far more down the road and raise safety concerns. We spoke with car experts across the country to identify which car expenses are worth the money.

Microsoft

Car & Automotive

What You Should Know to Save Money

By Michael J. Moody 9 months ago

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Car prices are at an all time high, and consumers are feeling the pinch. According to Kelley Blue Book, in June 2021, the average transaction price for a brand new car was over $42,000. Used car prices also reached a record high average of over $25,000 in June 2021, paired with an average of 68,000 miles on the vehicle, according to Cox Automotive.

So what’s causing skyrocketing prices? A perfect storm of multiple factors, including a semiconductor (chip) shortage, inability from car manufacturers to meet demand, low interest rates from lenders along with high credit scores and extra savings from consumers. This has sent Americans running to car dealerships, and the once negotiable

Car & Automotive

High-end branded car audio systems: Are they worth the money?

By Jaime E. Love 1 year ago

jp021-218gc — American audio firm McIntosh is partnering with Jeep for the branded audio system in the new Grand Cherokee L.

Jeep

As luxury vehicle manufacturers learn more and more on novel tech and features to move their vehicles, we’ve seen a surge in branded high-end audio systems. You’re probably familiar with a few of them at least: Mark Levinson and Lexus, Meridian and Land Rover, Naim and Bentley, Burmester with Mercedes and Porsche, and now, with the announcement of the very handsome 2021 Jeep Grand Cherokee last week, we’re seeing McIntosh launch an automotive partnership once again.

Before its partnership with Jeep, McIntosh worked directly with Harley-Davidson, Subaru and Ford on branded audio systems; the latter is exclusive to the 2005-2006 Ford GT. It also offered very high-end aftermarket car audio systems for a while, and has been around as a company since 1949.

The system in the Jeep Grand

Car & Automotive

Car dealerships, including those owned by lawmakers, got billions in PPP money

By Jaime E. Love 2 years ago

WASHINGTON — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history.

Under pressure from Congress and outside groups, the Trump administration this week disclosed the names of some loan recipients in the $659 billion Paycheck Protection Program, launched in April to help smaller businesses keep Americans employed during the pandemic. Connections to lawmakers, and the organizations that work to influence them, were quickly apparent.

Among businesses that received money was a California hotel partially owned by the husband of House Speaker Nancy Pelosi, as well as a shipping business started by Transportation Secretary Elaine Chao’s family. Chao is married to Senate Majority Leader Mitch McConnell.

Car dealerships owned by Republican Reps. Roger Williams of Texas and Mike Kelly of Pennsylvania

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