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If you’re shopping for a car, you may already know that buying used is a smart move that greatly expands your choices. The key is knowing where to look for them.Buying a used car will not only save you money but also allow you to shop higher-end brands, says Ivan Drury, Edmunds.com’s senior manager of insights. For example, maybe you wanted a new Toyota Camry. Instead, he says, you can save about ,000 and get a 3-year-old Lexus.Because of the bankruptcy of Hertz rental car agency, along with the many cars coming off lease, there are a lot of used vehicles to choose from, says Jeff Huang, who attends auctions as the remarketing sales supervisor at Westlake Financial Services. “A good used car is a real value proposition — and there are definitely deals to be had,” Huang says.Shoppers looking for great bargains will find them in cars older than 7 years, says Mark Holthoff, used car editor at Klipnik, a website for used car enthusiasts. “That’s because the depreciation curve has mostly been flattened,” he says. For example, a 2014 Mercedes-Benz E-Class sedan, costing ,000 new, now sells for about ,000.Shop in the right placeNew cars are sold only by franchised dealers, but used cars can be purchased from a variety of sellers:Used car departments at new-car dealerships.Used car superstores such as CarMax.Online used car sellers such as Carvana, Shift and Vroom.Car rental sales lots.Independent used car lots.Private parties.Public auctions.You’ll typically find the newest and more expensive models at new-car dealers’ used-car lots, the only place to turn if you want a certified car with a warranty and factory financing. Prices are likely to be higher than other lots’ but negotiable.National used-car chains such as CarMax, online retailers and rental car agencies also offer newer cars, often with factory warranty remaining. You can also get a loan and buy extended warranties. Prices are typically no-haggle.Independent lots, private parties and public auctions typically deal in older or cheaper cars. The upside is that you may find a 20-year-old one-owner cream puff, cheap. It does happen. But most cars have had several previous owners, and a checkered past is not rare. Plus, you’ll have to arrange your own financing.Adjust your expectationsThere is a built-in risk-versus-reward element to used car shopping: The more you’re willing to spend, the less chance the car will need repairs and overdue maintenance. Here’s an overview of the three price levels of used cars:High-end used cars: If your budget is over, say, ,000, you might consider getting a certified pre-owned (CPO) car from a dealer. Shopping for a CPO car is easier because it’s pre-inspected and comes with an included warranty. While you’ll have to pay a premium, you’ll also be able to buy a car with more modern technology and safety features. Of course, you can always buy a non-CPO car and purchase an extended warranty.Midrange used cars: A sweet spot for used car buying is a 3-year-old vehicle coming off a lease. Many of these cars will sell for 40% of their original price and still retain a new-car feel, according to Drury. Another source of near-new bargain-priced vehicles is car rental lots. According to an iSeeCars analysis, Hertz vehicles are selling for an average of ,389 below market value.Older used cars: Many people are afraid that cars from 7 to 15 years old will require costly repairs. But Holthoff points out that new cars can effectively cost the owner ,000 a month in depreciation.“You might have to spend money on a repair, but depreciation is a constant,” he says.To offset repairs, set aside 0 a month so sudden mechanic bills won’t deplete your savings.It’s best to buy older cars from private-party sellers because you can get a better idea of the mechanical condition, Holthoff advises. A used car dealer will show you the vehicle history report, but a private party might have the service records and can answer many other questions.Look for unexpected valueThe used car market is vast and, if you can spot an outlier, you can save big money. Here are a few examples of how to find that diamond in the rough:Cars that haven’t been recently redesigned will sell for less. Check car sites such as Edmunds.com to find out when the last time major changes were made to a model.While there is a stigma to buying a used rental car, the vehicles are well-maintained and priced lower than buying from dealers, Drury says.If a car dealer’s vehicle history report shows you are looking at a former rental car, leave and buy a similar one directly from the rental agency’s sales lot. You’re likely to find it cheaper.Be willing to travel to an area where the car you want is less popular. For example, all-wheel-drive vehicles sell for less in the southern U.S., where winter driving isn’t a factor.Be willing to travel to a more competitive market. A Honda dealer with a city to itself has less pressure to dicker on a CPO vehicle than a dealer in a city with three or four rivals.Used luxury cars often offer the biggest savings, according to Holthoff. The money you save on the purchase can be used if any repairs are needed.More From NerdWalletDon’t Fall for COVID-19 Student Loan Relief ScamsGet Your Finances Ready to Refi Student Loans5 Reasons It’s Smart to Lease a Car Right NowPhilip Reed is a writer at NerdWallet. Email: articles@nerdwallet.com. Twitter: @AutoReed. 5428
In a security policy that has been implemented in many stadiums and arenas around the country, large bags will soon be banned inside Cinemark's movie theaters, the company has announced. The ban will go into effect on Thursday at all of its theaters. Cinemark is the parent company of chains such as Rave Motion Pictures, Century Theatres, CineArts and Tinseltown. Bags larger than 12 inches by 12 inches by 6 inches will not be permitted. Exceptions may be made for medical equipment and diaper bags. Cinemark said there will not be anywhere to check bags. The chain also said that the company reserves the right to inspect all bags entering its theaters. A Century Theatre, which is owned by Cinemark, was the scene of a mass shooting in July 2012, when 12 were killed and 58 were wounded by a gunman. Survivors and families of the victims sued Cinemark claiming the company did not take adequate safety and security precaution. A US federal judge then threw out most of the claims against Cinemark in 2013. 1078
House Majority Leader Kevin McCarthy's office in California was vandalized and equipment was stolen Monday evening, the Republican congressman said.In a post on his Instagram account, McCarthy published pictures of the two men he claims "threw a boulder" through the window of his Bakersfield office and a picture of the resulting damage."Does anyone know these two guys? They threw a boulder thru our office window and took office equipment," McCarthy wrote Monday.CNN has reached out to McCarthy's office and the Bakersfield Police Department. 553
HOUSTON (AP) — Barbara Bush was the "first lady of the greatest generation."Historian Jon Meacham bestowed the title on Barbara Bush while speaking to former presidents, ambassadors and hundreds of other mourners inside the nation's largest Episcopal church during her funeral Saturday. He recalled the former first lady's quick wit, as well as her devotion to promoting literacy, bringing awareness to AIDS patients and to her husband of 73 years.Former President George H.W. Bush., the historian noted, was the "only boy she ever kissed."Meacham, who wrote a 2015 biography on George H.W. Bush, joined some 1,500 people on a gray, rainy Saturday to honor the wife of the 41st president and the mother of the 43rd. The private funeral filled St. Martin's Episcopal Church in Houston a day after more than 6,000 people came through the church to pay their respects during a public viewing.RELATED: Family, former presidents and more attend funeral for Barbara Bush in Houston, TexasHer son, former Florida Gov. Jeb Bush, joked during his eulogy that his mother called her style of mothering him and his siblings "a benevolent dictatorship — but honestly it wasn't always benevolent." He emphasized how she believed in the power of laughter and that joy should be shared.He choked up when saying his mother — known for her self-deprecating remarks about her wrinkles and gray hair — was "beautiful" until the very end. He said he felt priviliged that he had a "front row" seat to the incredible love story that his parents shared.His father, George H.W. Bush, was helped into the cavernous sanctuary with a wheelchair behind Jeb and his son former President George W. Bush. He laughed as Meacham and others recalled his wife's wicked sense of humor. Barbara and George Bush were married longer than any other presidential couple.GALLERY: Funeral, visitation for former first lady Barbara BushA eulogy was also given by Susan Baker, wife of former Secretary of State James A. Baker III, who said her longtime friend was "the secret sauce of this extraordinary family."Seated near the front of the church in the same pew were two other former presidents — Bill Clinton and Barack Obama — along with their wives and current first lady Melania Trump.Barbara Bush's granddaughters delivered readings during the service and her grandsons served as pallbearers as the casket was later wheeled out of the church. George H.W. Bush followed in his wheelchair, pushed by son George W. Bush, shaking hands with some of the people in the pews. In his lap, he carried his glasses and a copy of the funeral program.Barbara Bush died, with her husband by her side, at their home in Houston on Tuesday at age 92.Flags were flown at half-mast as the service began as the choir sang "My Country Tis of Thee." The church was adorned with sprays of yellow garden roses, yellow snap dragons, antique hydrangeas and other flowers.Other guests included former Rep. Gabby Giffords and her husband, retired astronaut Mark Kelly, and professional golfer Phil Mickelson, along with Karl Rove, and other former White House staff. Many were seen embracing in the church before the service.President Donald Trump isn't attending to avoid security disruptions and "out of respect for the Bush family and friends attending the service," according to the White House. He released a statement Saturday saying his "thoughts and prayers" are "with the entire Bush family."A burial will follow at the Bush Library at Texas A&M University, about 100 miles (161 kilometers) northwest of Houston. The burial site is in a gated plot surrounded by trees and near a creek where the couple's 3-year-old daughter, Robin, who died of leukemia in 1953, is buried.On Friday, a total of 6,231 people stopped by the church to pay their respects. Many of the women wore the former first lady's favorite color, blue, and trademark pearls.After seeing how many people had lined up to pay their respects to his wife, former President George H.W. Bush decided to attend — he sat at the front of the church in a wheelchair, offering his hand and smiled as people shook it, for about 15 minutes.Barbara Bush, one of just two first ladies to have a child elected president, also was known as the "Enforcer" in her family, the glue who kept the high-powered clan together. 4328
IMPERIAL BEACH, Calif. (KGTV) - Mayor Serge Dedina delivered the annual State of the City address Monday night.The mayor spoke to a room full of government, community, and business leaders at Burress Auditorium. The address, lasting about 30 minutes, highlighted the cities accomplishments and outlined a vision for the future.“We have one of the safest cities in San Diego County,” Dedina said when discussing the cities crime rate. He also talked about many of the infrastructure projects ahead, as well as affordable housing. The mayor also addressed the elephant in the room at the end of his speech; the ongoing issue of water quality due to Mexican sewage runoff. Dedina reaffirmed the community’s commitment to fighting for clean water and beaches.“I seem to be talking about clean beaches a lot, and since I'm a surfer, that’s fine,” he said, “But we need to redouble our efforts to expand our skate park and senior center and build a swimming pool and do all the things that most communities take for granted.He also talked about the need for more water quality testing and the lawsuit that IB has filed against the federal government, for its role in allowing raw sewage from the Tijuana ?River Valley to flow into local beaches.“We’re in court right now, the federal government twice tried having it thrown out of court, they lost. We’re going to continue to fight. If they’re smart, they’ll settle because we’re gonna win,” he added. 1454