If Divorce wrecked your credit take these shopping tips to heart: Edmunds.com

BY GERRY MILES

A pothole can do severe damage to your tire, the rim and the vehicle’s alignment, but it’s imminently fixable.

A divorce is a heart-wrenching experience that can exact a devastating toll upon both parties, not to mind your credit report at times. For people who find themselves in that situation, Edmunds.com has collected some prudent shopping tips that appear to be quite helpful.

Last year Credit.com surveyed 526 divorced adults and found that 31 percent suffered a credit score drop following the break-up of their marriage. A poor credit score can saddle a car shopper with a higher interest loan and possibly make it difficult to finance the car at all.

Emma Johnson, noted personal finance expert and creator of the popular blog WealthySingleMommy, covered this topic for Edmunds.com in an article called “Divorce, Credit Scores and Car Shopping.” The article included these tips:

  • Before you step foot in a car dealership, pull your credit report and history and look for any negative scores.
  • Consider working with your ex to remove your name from any outstanding debts that your ex is the one responsible for, as well as the title to any vehicle you are on the title of but no longer own.
  • Be prepared to prove your post-divorce income.
  • Plan to make a decent down payment.
  • Tell your story: Electronically generated credit scores are not the only factor in lending decisions.

“If you understand the details of your credit history before speaking with a lender, you’ll be able to make a stronger case for your qualifications as a borrower,” reports Johnson. “Worst case scenario, if you are forced to accept a loan with a high interest rate, you can always refinance or buy another vehicle under better terms in a few years when you are back on your feet and your credit has improved.”

More information can be found at http://www.edmunds.com/car-loan/divorce-credit-scores-and-car-shopping.html

Great new cars for those who aren’t ‘techies’

8 New Cars Recommended for those who Believe Less Technology is More

SANTA MONICA, Calif. — High-tech vehicles aren’t for everyone, and while low-tech configurations are becoming more obsolete on the new car market, car buying platform Edmunds.com today revealed a list of eight new cars and trucks to meet the needs of shoppers who want minimal or no connectivity in their next new car.

“Car manufacturers are investing a lot of energy and resources into building more connected cars, and that’s raised some legitimate concerns about safety and privacy among consumers, even if there is little or no risk to them at this time,” says Edmunds.com Senior Editor John O’Dell. “But even if those dangers never come to fruition, some people just do not want a vehicle packed with technology, and this list should be valuable to them as they shop for their next new car.”

Here are eight “unconnected” vehicles on today’s new car market, as identified by Edmunds.com:

Edmunds.com created the list by identifying new vehicles without such features as navigation systems, Bluetooth functions, exterior cameras, keyless ignitions or embedded cellular connectivity. These vehicles roll without systems like adaptive cruise control or accident avoidance that use potentially hackable networked electronics to control critical functions such as braking, steering and acceleration. Most vehicles on the list are base models and likely come with connected features on higher trim levels.

 

Scion teases two new models for NY Auto Show debut

World Debuts of Scion iM 5-door hatchback and Scion iA sedan

TORRANCE, Calif., March 18, 2015 – One look at Scion won’t be enough for guests attending the New York International Auto Show.  It will take two looks (or more) to see the World Debuts from Scion. Both the Scion iM and the newly named Scion iA will be revealed on the eve of the show, March 31, 2015.

2015 Scion iM Teaser

2015 Scion iM Teaser

The Scion iM is a 5-door hatchback that combines maximum versatility with a sporty design and a fun-to-drive experience.

2015 Scion iA Teaser

2015 Scion iA Teaser

Meanwhile the Scion iA sedan is designed to appeal to young people who need a little more practicality, but still want engaging styling and outstanding driving dynamics.

The “i” in the models’ names can stand for intriguing, individual, and easy on customers’ income. The “M” reflects the hatchback’s modern style and multi-faceted uses. Meanwhile the “A” for the sedan denotes the accommodating trunk and the aggressive styling.

“We’ve been eagerly waiting for this moment and are excited to introduce our new Scions in New York,” said Scion Group Vice President Doug Murtha. “Both the iM and the iA are tremendous additions to our line-up and will appeal to young people with different perspectives and needs. These cars represent the evolution of Scion and are kicking off a new wave of momentum for the brand.”