Latest news with #Giranda
Yahoo
01-03-2025
- Automotive
- Yahoo
6 Hybrid Vehicles To Stay Away From Buying
Not all hybrid cars are created equal. While some models offer excellent fuel efficiency, reliability and performance, others fall short. With so many options, it can be tough to separate the good from not-as-good. Up Next: For You: The seven models covered in this article, despite their eco-friendly appeal, have demonstrated various issues that potential buyers should be aware of — and possibly just avoid. Also, check out the four best hybrid vehicles for frugal budgets here. The 2020 Ford Escape Hybrid is a fuel-efficient SUV that offers great fuel economy, but it has also been reported to have a few significant issues. The SUV's transmission is one of the most commonly reported problems. Owners have reported experiencing rough, abrupt shifting and some have had to rebuild or replace the whole transmission. Be Aware: 'The Pathfinder Hybrid models from these years experienced problems with their braking systems and electrical issues,' said Giranda. 'Some owners reported less responsive brakes, which is a major safety concern. Additionally, electrical glitches in the infotainment and navigation systems were common, detracting from the overall reliability of the vehicle.' Owners have reported several other common problems with the Nissan Pathfinder Hybrid model including shuddering and vibration when shifting. There have also been reports of the vehicle not accelerating after a panic stop. This hybrid was a draw for its speed, but the severity of the recalls were not a good tradeoff. The primary problem seen was the lack of drainage under the battery which caused it to short circuit and in some cases catch on fire. 'VW determined water could enter without the rear hatch open because the sunroof drains and rear lid seals weren't assembled correctly,' according to VWProblems. In addition, there was a recall for a missing clip for the brake pedal pivot pin which allowed the brake pedal to come off and another for a leak in the fuel injection system. The Chrysler Pacifica Hybrid is the only plug-in hybrid minivan on the market. Despite its practicality and above-average EV range, it's been reported to have multiple recalls and issues with its hybrid battery. Another issue commonly reported by owners is with the electrical system, which could be a significant concern considering the hybrid nature of the vehicle. Owners love the 2018 Chevrolet Malibu for its spacious interior and excellent fuel economy. But some owners have reported engine failures and problems with the fuel sensor. There have also been reports of issues with reduced power, which could potentially lead to dangerous situations on the road. Additionally, there have been six recalls for the 2018 Chevrolet Malibu, including one for leaking transmission fluid. Despite some positive reviews, the overall consensus points to reliability issues with this vehicle. The 2017 BMW X5 hybrid is a luxury SUV with strong performance and a luxurious cabin. According to reviews on Edmunds, the vehicle offers a comfortable ride and sporty handling. However, owners have reported having issues with the brakes, such as experiencing pulsation or vibration, and problems with the antilock system and calipers, squeaking and brake failure. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 The Money You Need To Save Monthly To Retire Comfortably in Every State 7 Tax Loopholes the Rich Use To Pay Less and Build More WealthThis article originally appeared on 6 Hybrid Vehicles To Stay Away From Buying
Yahoo
28-02-2025
- Automotive
- Yahoo
4 Sedans That Will Have Massive Price Drops in Early 2025
If you have been in the market for a sedan, there is some good news on the car-buying horizon: in the first quarter of 2025, prices are expected to fall for a number of sedans from a variety of auto manufacturers. These price drops are expected to be significant to save you money, so you will not want to wait long to buy if you are hoping to get behind the wheel of one. Here are four sedans that will have massive price drops in early 2025. For You: Trending Now: With a significant price cut of $6,000, the 2025 bZ4X has some of the most significant price cuts compared to past models, according to Joe Giranda, director of sales and marketing for CFR Classic, a car shipping company. 'The reduction in its price makes it more competitively appealing in the EV market. However, its limited range and slower charging speeds have the potential to discourage other buyers,' Giranda said. 'These factors, combined with aggressive lease and financing deals, are likely to contribute to its depreciation in the used market,' he added. Consider This: From Giranda's perspective, the 2023 Hyundai Elantra is also expected to have some of the most significant price drops at the beginning of 2025. 'Like other car manufacturers, Hyundai is known for aggressive discounts and lease incentives for newer models, which puts pressure on the prices of recently used inventory,' Giranda explained. 'The upcoming 2025 Elantra is also likely to draw consumer attention with its new tech, thus making the 2023 models less desirable,' he added. 'This will be a good time for buyers looking for a modern mid-size sedan with good safety features at an economical price to make the purchase.' The 2022 and 2023 Chevrolet Bolt EV models will lose value significantly as Chevrolet stops producing the Bolt to focus on new Ultium-based EVs, in Giranda's professional assessment. 'This announcement has already slowed demand, and these models will soon look out of date as EV technology progresses,' Giranda explained. 'For buyers interested in an affordable entry point into EV ownership with federal incentives no longer applying, this price drop makes the Bolt incredibly enticing.' One of the most notable names for sedans, last year's Toyota Camry is expected to go way down in terms of price from now until the beginning of April. 'With the 2025 model coming out, the 2024 Camry is slowly decreasing in value,' Giranda said. 'The 2024 model's pricing is stabilizing, but as time progresses, there is a greater chance for the 2024 Camry to undergo a price dip due to the newer model being released.' More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 The Money You Need To Save Monthly To Retire Comfortably in Every State Warren Buffett: 10 Things Poor People Waste Money OnThis article originally appeared on 4 Sedans That Will Have Massive Price Drops in Early 2025
Yahoo
26-02-2025
- Automotive
- Yahoo
I'm a Car Expert: These 8 Used Cars Will Be a Great Deal in 2025
Getting a shiny new vehicle might be an exciting prospect, but with the average cost of a new car now $49,740, according to CarEdge data, plenty of savvy drivers are switching to used cars to get themselves a bargain. The market is brimming with hidden gems, including vehicles with one owner, low mileage or transparent service records. Trending Now: Check Out: GOBankingRates spoke to Joe Giranda, director of sales and marketing for CFR Classic, and Alex Black, auto expert and CMO of EpicVIN, to find out what used cars are worth looking at this year, as well as getting insights into finding a great deal from Zander Cook, co-founder and CEO of Lease End. Average used car prices based on CarGurus Pricing Index for used vehicles. Also read about six car models getting massive price drops in early 2025. Average used price: $20,073 Out of all compacts on the market, the Mazda 3 stands out to Giranda due to its luxurious interior and exceptional driving performance. 'Because of this, it competes with entry-level luxury vehicles but at a much lower price point,' he said. Read Next: Average used price: $19,000 The Chevrolet Bolt EV offers an impressive 259-mile range and an affordable entry into electric driving. Its simple design means fewer moving parts and minimal repair costs, with Giranda adding as well as incentive money for electric vehicle ownership, 'the savings on gas make it a great investment in the long run.' Average used price: $24,672 Discontinued by Lexus, the GS 350 is one of the best hidden gems in the used car market — a car that impresses with refined driving dynamics and high levels of comfort. 'It's a good alternative to a BMW 5-Series or Mercedes-Benz E-Class but without nearly the same cost of ownership,' said Black. Average used price: $19,228 Giranda gave points to the Toyota Corolla for its exceptional fuel economy and unrivalled reliability. Standard adaptive cruise control and low maintenance costs enhance its value, making it a standout bargain among sedans. Average used price: $25,327 An icon in the midsize sedan space, the Honda Accord delivers advanced technology and robust performance, outperforming competitors in resale value and build quality. 'This car has a reputation for fewer repair issues than many of its competitors, making it an excellent choice for families,' Giranda said. Average used price: $10,833 Black recommended the Acura TSX Sport Wagon as a car that combines Honda's legendary reliability with the practicality of a wagon. This model offers a spacious interior and a unique charm rarely seen in the market. Average used price: $15,246 For budget-conscious shoppers, the Toyota Avalon provides near-luxury without a hefty price. 'It is basically a Lexus without the name,' said Black. 'Smooth ride, bulletproof motor, but much lower price tag than one might expect.' Average used price: $12,641 The Ford Flex brings quirky design and impressive spaciousness to the table. Black praised its roominess and vintage styling, making it appeal to families seeking practicality with character. He also noted its discontinued status, keeping secondhand values lower than expected. According to Cook, finding a bargain can mean looking for cars that show what may appear to be red flags, so they are cheaper, but don't have functionality issues. 'Branded title vehicles, such as those marked due to theft recovery, often have no actual damage but remain permanently labeled — making them overlooked bargains,' he said. Similarly, Lemon Law buybacks can be great finds, as manufacturers typically fix the issue and include an extended warranty. 'The key is knowing where to look, whether it's a lease buyout or an undervalued used car, there are plenty of hidden deals waiting to be found,' Cook said. With a strategic approach, hidden deals await in unexpected places in today's unpredictable market. More From GOBankingRates10 Home Features That Have Decreased the Most in Popularity (And How Much Homes with Them Cost)3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance This article originally appeared on I'm a Car Expert: These 8 Used Cars Will Be a Great Deal in 2025 Sign in to access your portfolio
Yahoo
26-02-2025
- Automotive
- Yahoo
4 Cars With High Resale Value That Rarely Need Repairs
Shopping for a vehicle can be fun, as well as overwhelming. To see if a new ride fits your budget, you might be trying to narrow down what it takes to fix that car while it is in your ownership, along with how much you might get for selling it at some point down the road. Check Out: Try This: Finding an automobile that does not need a lot of maintenance and can fetch a good price in the future is tough, though not impossible to find. Here are four cars with high resale values that rarely need repairs. According to Joe Giranda, the director of sales and marketing for CFR Classic, the Toyota Tacoma is a midsize pickup that earns praise for not only toughness, but a strong resale value. The 2025 Tacoma starts at $31,590, and after 5 years, Giranda said it 'will still be worth approximately 67% of its original value.' As for repairs, Giranda explained, 'Annual repair cost is around $673, and major repairs are rare, with only an 18.5% chance over 10 years. This model's reliability comes from a strong suspension system and its straightforward design enhanced by Toyota Safety Sense features.' Consider This: Starting at $24,250, the Honda Civic retains 62.5% of its value after 5 years, and its owners spend an average of about $368 per year on repair costs, Giranda said. 'This reliability is primarily a result of the efficient engines and quality build,' explained Giranda, adding that there are a number of factors that cause the Civic to stand-out as an excellent buy among vehicles within its class. The 2025 Outback starts at $29,010 and 'retains roughly 70% of its original worth after five years,' Giranda said, noting that the annual repair cost of $847 is offset by the moderately low chance of major fix-it jobs for the next decade. 'Moreover, the Outback's spacious and trim technologically advanced interiors, paired with its superior symmetrical AWD and drivetrain, make it a truly reliable vehicle,' Giranda added. 'Because of its exceptional durability and off-road prowess, the Toyota 4Runner is regarded as a solid SUV option among cars with high resale value,' Giranda said. With a starting MSRP of $40,770 for a 2025 model, the Toyota 4Runner remarkably only loses about 30.2% of its value after five years, according to Giranda, who emphasized its strong resale value. 'Owners spend around $514 annually on repairs, and the risk of major breakdowns is very low due to its sturdy body-on-frame construction, which contributes to its reliability and toughness,' Giranda explained. 'The combination of great resale value, off-roading capabilities and spacious interiors certainly justifies the premium price of this SUV.' More From GOBankingRates This article originally appeared on 4 Cars With High Resale Value That Rarely Need Repairs
Yahoo
26-01-2025
- Automotive
- Yahoo
2 New Luxury Cars That Most Likely Aren't Worth the Expensive Upkeep
Luxury cars are, by virtue of being what they are, expensive. The average luxury car price hovers at about $75,000, but you can easily find ones that go for six figures. And when you tack on taxes, maintenance, repairs, depreciation rates, and possible financing charges, you're looking at potentially spending thousands or tens of thousands more than the sticker price. Trending Now: Check Out: 4 Low-Risk Ways To Build Your Savings in 2025 But worth is very subjective. For some, the concept of spending more than $20,000 on a car seems overkill. For others, spending $100,000 is perfectly acceptable — even with the potentially expensive upkeep. Still, if you're thinking about buying a luxury car this year and want to know which ones might not be worth the upkeep, and which are, here are some options. According to Joe Giranda, a car expert and director of sales and marketing at CFR Classic, the Maserati Grecale might not be worth the cost. This luxury SUV costs about $75,000, but can feel 'underwhelming for the cost.' 'While it carries the prestigious Maserati badge, its interior quality and tech features don't measure up to competitors like the Porsche Macan,' he said. 'For a similar price, you can get more refined craftsmanship and technology elsewhere.' Maseratis are also notoriously expensive to maintain. According to ConsumerAffairs, they cost an average of $1,600 a year in preventive maintenance alone. The typical vehicle costs closer to $650 in both maintenance and repairs. Read Next: The Mercedes-Benz EQS SUV is luxurious with a futuristic design. It's even got a solid electric range of about 305 miles. It also costs around $105,000 at base. According to Giranda, this vehicle doesn't quite measure up to its competitors in terms of price or quality of the interior materials. 'At this price, there are other luxury EVs that deliver better value,' he said. While this particular electric SUV hasn't been out long, Mercedes-Benz tends to have high upkeep costs. In the first decade of service alone, some models cost about $14,175. This is higher than similar luxury brands by nearly $1,100. While the Maserati Grecale and the Mercedes-Benz EQS SUV might not be worth the expensive upkeep, the following vehicles might be, according to Giranda: Genesis GV80: 'Genesis has built a reputation for blending luxury with practicality, making it an excellent choice,' he said. This particular SUV has the advanced tech, sleek design and high-quality materials you'd expect in such a vehicle — but the starting price is only about $57,000. That's lower than you'd get with other luxury SUV brands. Lexus LC 500: The Lexus LC 500 has a starting price of about $99,000, making it one of the more expensive options on this list. That said, Giranda pointed out that it has a stunning design and offers a luxe driving experience. Lexus is also known to be a reliable brand, meaning less frequent trips to the auto shop. When it comes to any vehicle, luxury or otherwise, one person's experience will very likely differ from the next. You could end up with a Maserati Grecale, for example, and find it's worth the upkeep and associated costs. Or you might purchase a Lexus LC 500 and find that it isn't. It's ultimately about what you're looking for, what you're willing to deal with, and your financial situation. That said, here are some tips to making shopping for a luxury car a bit easier: Do your research. Before making the investment, compare different luxury cars to see what's available, the various price points and which ones have what you need. Set a price point and a budget. No matter how tempting that upgrade might be, try to stick to a budget you're happy with. Make sure your budget also accounts for any other upfront and ongoing expenses so you don't end up in a sticky spot. Test drive some cars. Online research is one thing, but nothing beats a good test drive. After you've created a shortlist of vehicles, take the time to test drive them. Compare dealerships. Don't go with the first dealership you find that sells the car you want — unless it's truly the perfect fit. Compare several places, look for any current incentives or promotions, and narrow down your list until you find the right one for you. More From GOBankingRates 4 Subtly Genius Moves All Wealthy People Make With Their Money 4 Unusual Ways To Make Extra Money That Actually Work This article originally appeared on 2 New Luxury Cars That Most Likely Aren't Worth the Expensive Upkeep Sign in to access your portfolio
