10-20-22

The Benefits of Choosing An Electric Vehicle

There are several benefits to choosing an electric vehicle. This article covers the benefits of choosing an electric car, the true downsides of electric cars, and the fake (untrue) downsides. Firstly, let’s start with the upside to choosing an electric car and in this, we will generally include hybrid vehicles.

The Benefits of Electric Vehicles

Free White Tesla Driving on the Road Stock Photo

When thinking of buying an electric car, it isn’t just a case of wanting to do your bit for the environment and save on fuel costs. You have to weigh up the benefits and the costs. Some benefits impact your pocket while others impact your overall driving experience.

The Maintenance Costs Are Pretty Good

A gas-powered vehicle needs to manage the mini-explosion in the internal combustion engine to channel the energy and pump out the burning air. There are lots of pressurized and hot parts that may easily break down. Electric cars have no need to manage such hazardous scenarios, so they wear out more slowly and break down less frequently. EV models also have fewer moving parts and therefore fewer parts at risk of failure.

There are Several Tax Incentives

In many developed countries, you will find tax incentives. Get them now because Germany has just been exposed for “not” being as green as it claimed. World governments will soon start dropping the pretense of being eco-friendly and their federal tax credit incentives will be the first to go, so get your car and your tax break now!

There Are Plenty of Public Charging Stations

First-time buyers worry about charging their electric vehicle while out and about, but you soon realize there are quite a few places that now have chargers. They are not as plentiful as gas fuel stations, but ask any owner of a plug-in hybrid if they have ever been stranded and they will say “no.”

They Can Be Charged With Renewable Energy

If you have the money, you can set up solar panels on your garage roof, and have them charge batteries in your garage that are then used to charge your car. This is more expensive than charging from your mains electricity and currently, significantly more expensive than using fossil fuels in your car. However, if you have the money, you can drive around in your car knowing that it is powered completely by the sun. A major point if you are looking to be more environmentally conscious by using renewable energy sources.

There Are A Few Downsides

Free Interior Design of a Modern Vehicle Stock Photo

Even though electric cars, your average plug-in hybrid, and electric motors, in general, are prime examples of next-level precision design and engineering, the fact is that electric cars are still an emerging industry. To compare, do you remember those old mobile phones that were massive, had power packs the size of three VHS tapes and only worked in major cities? Well, current electric vehicles are around the stage of Nokia phones. New EVs are still back in a time when the technology had become usable but was growing and being adopted slowly. They are good, but they are going to grow into places and areas we can’t even imagine. However, there are downsides, and here are the big ones.

Electric Cars Are Very Expensive

Are there cost savings on the retail price? As a whole; no. As with all new and emerging technology and trends, early adopters have to pay a bigger price tag. Some smaller and more economical PHEV models are appearing, but we are still a long way from cheap and plentiful electric cars.

They Damage the Environment

One of the perceived benefits of buying an electric vehicle is that they are more eco-friendly than gas-powered vehicles. The materials being used in the car’s batteries are incredibly damaging to the environment when they are harvested and processed. In addition, disposing of electric car batteries is also highly toxic and damaging. This is a problem until a safer way to make and dispose of them is thought up. For the record, Smartphone batteries also pose the same problems albeit on a smaller scale.

Their Use Causes More Greenhouse Gas Emissions

If every car owner in the USA went electric tomorrow, the USA would have to build over 2000 new coal power plants to keep up with demand. At the moment, power is produced with nuclear power and fossil fuels, which means your car will be charged with electricity that causes emissions and therefore contributes to air pollution.

Ignore The Fake Downsides

Free White Vehicle Parked on the Beach Stock Photo

This article isn't going to shy away from the genuine downsides of owning an electric vehicle, even if the problems they present will probably be solved within the next ten years. However, there are some fake downsides that the internet, especially Twitter, has been happily spreading. Here are a few of the fake downsides.

Their Batteries Die And You Are Stranded

This is not true at all. Most people only bother to charge their cars every three days simply because they have plenty of juice. There are charging stations everywhere (look it up, there are far more than you would think), there are many ways to charge your car, and there is no proof that people run out of juice. If they did, then companies like AA in the UK and AAA in the USA would be charging more to cover pickups for electric cars.

They Cost a Fortune to Maintain

This is not even close to true. If you have ever had a luxury branded car or even a cheap hybrid, you know how expensive repairs can become. Electric cars are no more expensive to maintain, and since they break down less frequently, they are usually cheaper to maintain throughout their lifetime.

You Don’t Have to Pay a Fortune

This article mentioned that electric cars are around the stage right now that mobile phones were during the Nokia period in history and therefore still expensive. This may put some people off buying an electric car, perhaps waiting for the world of things to come. However, you are better off being an early adopter. You are better off being one of those people who can claim they had an electric car ten years before everybody had one. 

If you’re looking to switch to an electric car, consider selling your vehicle to reputable Auto Centers like IMX Auto Group. IMX Auto offers the best deal for your unused, financed, or leased vehicle and you can earn cash toward an electric vehicle that will suit your needs. For more information, click here! 

Read More

09-22-22

How Much Is My Car Worth?

Let’s assume you are selling a used car since few people run around selling their new car. Two of the most common FAQs are how do I know the value of my car and how do I set an asking price? Car values differ depending on hundreds of factors, but let’s clarify the five primary “value” factors:

  • Age and condition of the vehicle
  • Mileage
  • Make and model
  • Enhanced accessories and optional equipment features
  • Local market demand

Then you also have to consider who you sell to. The types of used car values based on who is doing the car buying are

  • Private resale value
  • Dealer resale value

Some people will put stock in the MSRP (manufacturer’s suggested retail price) but given the issue of immediate depreciation as soon as a new car is driven, there is no correlation between a new car and used car prices.

Car sales get a little complicated because the main pricing guides use different calculations but here is how you find a vehicle’s value.

What is The Car’s Market Value?

Free Employee of Luxurious Dealership Standing in Front of Car Stock Photo

Forget the current market value. As you will discover in this article, there are many different prices for your car. It all depends on how you sell or trade your car, and to whom you sell your car. Trying to work based on “market value” is the wrong mindset.

Aim for a price that suits your circumstances, your timeline, the vehicle condition and how much money you want to make, save, and/or are prepared to lose. Also, market conditions and even the area in which you sell may affect the price. Establishing a car's value is a tricky business. There is no standard or average asking price when selling a car.

How Many Miles Are On The Car?

Free A Woman Buying a Car Stock Photo

There is a certain level of expected depreciation when it comes to mileage. However, this varies. For example, a small economy car with 100K on the clock has a far lower car valuation and retail value than a 4x4, jeep or SUV with 100K on the clock.

People who know about cars will also understand the nexus point on a car’s value. It is the point in the car’s lifetime when it starts needing some of its bigger repairs, like a gearbox, exhaust, etc. For example, the old Smart Car roadster needed its biggest repairs at around 70K miles. A savvy car buyer who sees a Smart Car roadster at 80K with a recently replaced gearbox and exhaust will value the car far more highly than one at 70K miles with no major repairs in the last few years.

The Wear and Tear Damage

Free Black Car Stereo Turned on at 4 00 Stock Photo

This is perhaps where all the car experts like to pipe up with their opinions on pricing information. They will tell you things about the wear on a steering wheel, and how rust in certain places means that the old driver used to speed. And, how you can tell if the previous owner used to hit the curb with the tires. Yet, simple wisdom is still the best in this case.

How Much is My Car Worth?

Getting a good price is often about finding the right portal for your sale. Back in the day, the portal of choice was classified ads. Then, for the longest time it was eBay. These days, the best portals and platforms are independent companies with easy accessibility and significant buying power. Companies like https://www.imxauto.com/ offer the best prices for people who do not have weeks and weeks to negotiate the best prices and are willing to pay more for your vehicle than other auto buying centers. Visit IMX Auto to get a fair and competitive price on your vehicle and sell it the same day you come in.

 

Read More

09-12-22

Should I Be Charging My Electric Car Every Night?

There are a few things that bother us electric car owners. The first is that electric cars may soon be a fad, which means we are stuck with thousands of dollars worth of nothing in our drive. The second botheration is the fact that electricity prices are so high that it is cheaper to run a gas-powered car. Finally, we worry about range. We don't want to go driving and find ourselves stuck in the wilderness with nowhere to charge the car. When faced with the range conundrum, most of us figure we should charge our cars every day, but is this necessary? Are our charging cycles good for the car? Should we be doing something else instead?

What is Your Car’s Range?

Free White and Orange Gasoline Nozzle Stock Photo

Should you buy an electric car? They are pretty polluting to manufacture and dispose of, and they add a significant amount to your electric bill. Another concern is that the car’s battery will run out of power too quickly. However, the “Range” concern is far less worrisome than most people realize. The range on your car, especially something like a Tesla, is pretty darn good.

Check out the manufacturer specs, and even if you knock 10% off their estimate because of the added weight of you and your family, and then knock a further 20% off their estimate because big companies lie, then you are still looking at over 150 miles per charge. When most people only travel around 40 miles per day, you are looking at a very tasty car range. In truth, you could probably go two or three days without charging your car.

Will Charging The Car’s Battery Damage Its Lifespan?

Free Close-Up Shot of an Electirc Car Charging Stock Photo

This is a tricky one because technically yes, charging lithium-ion batteries every night will damage their lifespan and long-term battery capacity. But, it sounds far worse than it is. Home charging every night is not the same as setting a firework off in your car’s battery. It only has a tiny effect on the overall health of the battery. You can think of it as wear and tear.

To put it more fairly, charging your electric car every night is not going to damage its lifespan in the traditional sense, but it may make it more difficult to super-extend your car’s battery life.

Recently, the US federal government mandated that manufacturers offer a minimum of an 8-year/100,000-mile warranty on electric car batteries. This policy was put in place to help stop the influx of cheap and nasty batteries that left people stranded and were an environmental hazard.

Even if you charge your battery every day, it must still survive at least eight years or 100,000 miles. Having to replace a battery after eight years may seem unfair, but almost every gas-powered car needs some serious mechanical work after 100,000 miles or eight years.

Should I Charge My Electric Car Every Night?

Free Monochrome Photo of Hybrid Car charging Stock Photo electric car

No, you shouldn't. Even if you rule out the point about battery degradation, electric cars, and plug-in hybrids have miles of range statistics that cover daily drives, and the Tesla Model 3 covers most road trips.

According to the US Department of Transportation Federal Highway Administration, the average driver clocks up 14,300 miles annually (roughly 275 miles per week). Data from the Environmental Protection Agency shows that the longest-range EV can reach or even exceed that distance on a single charge. Even electric vehicles with shorter battery ranges can manage the typical daily driving distance of 39 miles per day.

Plus, you can lower your range anxiety a little bit by remembering there are still plug-in charger stations dotted around the country. If you are super concerned, you could look up a few public charging stations in your general area and on the way to your road trip. You don't need a full charge in your EV battery every time you leave the house. Just like gas-powered cars don’t fill up their tank every day.

Your battery is under the most strain when it is having energy drawn from it at a massive and sustained rate. However, in terms of battery charging, fast charging, and so forth, two things are more stressful on your battery. When your battery is fully charged and when it is at zero charge, it is under tremendous stress.

It isn't battery breaking, but EV drivers who leave their car fully charged or fully emptied are not doing their battery any favors. It doesn't do your battery any harm in a realistic sense, but in terms of what is right and wrong for your battery, leaving it for too long at 0% or 100% is not great.

Should I Be Home Charging Every Night?

Free Black Charger Plugged-In on White Car Stock Photo electric car

If you are planning on using your car tomorrow, then do a little home charging tonight and get it to 100% if you wish. However, if you are not planning to use your car for a while, then don't charge it up to 100% tonight. Wait until the night before you intend to use your car. Don’t leave it at 0%, but don't be in a big rush to charge it to 100%.

Should you charge it to 100% at recharge stations, gas stations, and off-site areas? Yes, of course, you should (if you are able). When you charge at an electric car charging station, you drive off in your car and keep using your battery. It only stays at 100% for a few minutes, which is fine. Again, don't worry if your car is at 100% for too long, your car’s battery will still last 8 years. It is just not great for your battery over the very long term.

Should I Just Charge to 80% or 90%?

Free White Car Charging Stock Photo electric car

Yes, you may lower the life expectancy of your battery if you charge it too often and too much, but life is way too short to be worried about charging your car too much and too often. Take the advice of this article, charge to full power when you need it and forget the rest.

Range anxiety is only for new electric car owners. After you have had your car for a while, you will get to learn how far you can go, you will get to learn how far a 20% charge will take you, and you will learn all the places you can get rapid charging so that you never become stranded. Plus, in a few years there may be EV charging stations on every street corner, so seriously, try not to worry yourself about these sorts of things. At the very least, don't be that person who sets their timer to stop their charger before their battery reaches 100%. If you are cool enough to buy an electric car, you are cool enough to charge it when needed and quit your worry fussing.

Conclusion – The Power of EV Batteries

There is an uncomfortable truth that needs to be dropped here, and that is that electric cars are not good for your wallet or the environment. The cost of electricity is far too high at the current time of writing and is only getting higher, and the cost of alternative solutions such as solar panels to charge your battery will never pay for itself over the lifetime of your car battery. There is also the fact that car batteries are devastating the environment in ways that we will suffer for hundreds of years.

However, do not let this dissuade you from buying an electric car. The fact is that modern batteries and future batteries will come to the rescue. Just think about how far batteries have come over the last twenty years - from cellphones and battery packs the size of a brick that only held a charge for two hours, to batteries so powerful, small, and light that they can power drones that can reach the top of the tallest building.

Batteries are only going to get more efficient and lighter. Improvement in battery management systems will mean less charging in cars, fewer materials being used, longer-lasting batteries, and fewer charging sessions. We are currently at the cusp where EV batteries can last a good eight years and make electric cars expensive, but still economically viable.

In just five to ten years, electric cars may be less polluting and cheaper than fossil fuel cars. They may last longer, pull harder, speed up faster and go for longer, and this is all due to improvements in modern batteries. The innovative battery technology they use in your next Smartphone may one day build the groundwork for electric planes. The future of PHEVs is unclear, but thanks to innovations in battery tech, you shouldn't rule this pony out of the race just yet.

At IMX Auto, we buy and lease a wide range of electrical vehicles. If you’re looking for an all-electric vehicle or plug-in hybrid, we can help.

 

Read More

08-25-22

10 Things To Consider Before Buying Your First Car

For many young people, buying your first car is seen as one of the great rites of passage that is a step into the next stage of freedom in your life. Once you have your own car, the world is quite literally your oyster and there is nothing to stop you from finally taking all of the trips that you never could before!

Even if you are not so young, your first car is still a milestone. As a mature adult, becoming a first-time car owner might be due to a significant circumstance that heralds a new chapter in your life.

Of course, securing your very first car is not something that should be taken lightly, as there are plenty of issues of ownership that you need to make sure you check out before putting pen to paper on any car purchase.

Car buying is one of the most fun and interesting things that a person can do for themselves, but at the same time, it is also a task that demands thorough care and attention with countless different details to consider.

From interest rates to down payments, credit scores to car prices and financing options to gas mileage to deciding on what kind of car you even what to test drive, there is so much to address!

We are here to help you through the process to ensure that you end up with a new vehicle that perfectly suits all of your needs, one that you will be proud to post all over your social media!

With all of this in mind, here are ten top things that you should be considering before you make the decision to buy your first car.

1. Set A Realistic Budget

It can be very easy to get carried away when you visit a car dealership and see everything that is on offer, but you definitely need to make sure that you select a vehicle that has a manageable purchase price for your personal circumstances.

You need to be realistic about your life situation right now because not everybody has a sufficiently good credit report to be accepted for a car loan that might make a more expensive purchase possible.

You will probably need to make the big decision of whether you can afford a new car or will have to set your sights on a used car as your first vehicle.

Have a good look at your finances and decide on a realistic figure you can afford. You shouldn't stretch yourself too thin just to become a car owner.

fan of 100 U.S. dollar banknotes

2. Be Aware Of Your Monthly Expenditure

Your realistic budget should be based on the monthly payment you are comfortable with. Remember, the finances of being a car owner aren’t just related to the purchase of the vehicle. There are running costs including insurance and fuel to add to your regular monthly expenses.

The last thing you want to do is fall in love with a new or used vehicle only to find that you can’t afford it, so relay your monthly payment information to the dealer and they will help with a selection of options that fall within your price range.

3. Figure Out What Your Transportation Needs Are

Don’t just go on the lot and find the best car, you need to make sure that you find the best car for you.

Think about your lifestyle and your day-to-day activities, and then find a car to match those needs. For example, if you need a car because you need to ferry the family around, then consider an SUV or minivan. If speed and solo travel is more your style, then perhaps a sports car could fit the bill. If you want a vehicle for your business, maybe a car with a large capacity trunk is what you look for.

The car buying process is all about find a car online or at the car dealers that will fit the best into your lifestyle, not necessarily just picking the most impressive model available.

 buying your first car

4. Prioritise Your Wants

Think about all of the things you are looking for as a first time car buyer and then rank them in order of importance. It might be fuel economy or a large engine, for example. Maybe you are dead set on an American-made model rather than an import.

Take the first three or four on the list and relay them to the car salesperson, and they will be able to point you in the right direction. There is no point in stretching your finances in order to afford a car that isn’t even the best fit for you.

5. Do Your Research Beforehand

It is always best to go car shopping with some knowledge of what you are looking for because that is the best way to protect yourself from being taken advantage of.

This is especially important if you choose to buy from a private seller rather than a car dealer. Private sellers are not necessarily as forthcomingly honest as professional car salesmen.

If you are clued up before you start the process, then you will at least be able to make a considered judgment.

If you are a complete novice, it is advisable to take someone with some knowledge or experience along with you. You can also engage a mechanic who can check over any vehicle for you before you make a decision.

person using MacBook Pro buying your first car

6. Use A Conveniently Located Dealer

There are literally thousands of car lots to choose from across the country, but the best thing to do is to pick a place located a convenient distance from your home.

There are a few different reasons for this. For example, it is helpful to be close by should you need to invoke the warranty for any reason. It is also easier to take a test drive.

Another benefit of being connected to a dealership nearby is that it is easy to get to if you ever want any upgrades.

If you are relying on finance of any kind, buying from a dealer is a much easier transaction than buying from a private seller. If you buy privately, you might be able to negotiate on price but you will have to have the money ready to make an immediate payment in full.

Dealers are most often affiliated with one or more lenders such as banks, local credit unions and finance companies so are able to deal with the transaction from start to finish with the option of an auto loan and monthly payments.

7. Always Take A Test Drive

You absolutely need to take a test drive of any car that you are seriously considering purchasing, this is just pure common sense!

It is good to be able to get a feel of the vehicle and experience all of the various safety features before you commit to a purchase.

If you wish to buy online, ensure the seller offers a test drive period. This is usually up to a week after delivery. Good and reputable online car sellers will deliver the car and pick it up should you deem it not suitable.

It is also important to see and comprehend the vehicle history report

8. Make Sure To Determine The Proper Purchase Price

Take your time to shop around and see what your desired car is worth before settling on the first one you see. You might find a better deal by looking through all your options!

man driving a car wearing wrist watch buying your first car

9. Understand All Of Your Financing Options

Compared to 50 or so years ago, financing options are much more varied and accessible now than they used to be.

Sure, if you can pay cash outright for a new car, then that is definitely the cleanest way to go about it, but that just isn’t a realistic option for most people who need to juggle their finances from month to month.

What kind of finance you are offered will depend on a number of factors including your credit history, amount of savings, job security, and what kind of deals and car payment options your dealer offers. If you want to add car insurance to the mix, then that can also be something to connect with your financing options as a wider package.

The thing to remember is that you should never let a dealer trick you into thinking that paying cash upfront is the only way to do it!

10. And Finally, Remember To Enjoy Yourself!

One of the biggest incentives for passing your driving test is to one day finally be able to buy your very own car, so make sure that you savor the moment!

There might be large amounts of money being transferred, more money than you have ever spent on anything in your life, but try to see the excitement in the process as well as the more serious parts. You are about to get your very first car, it is a huge, memorable moment!

If you want a hassle-free experience for your first car purchase, IMX Auto offers leasing on any make or model. Contact us today to get a quote! 

Read More

07-07-22

What Are The Top Ten Fuel-Efficient Cars You Can Buy?

The last two years have been a turbulent time for the motor industry and the nation’s drivers and commuters. Firstly, the Covid pandemic kept everyone at home and a lot of people have taken advantage of the general shift to working at home. Then Russia invaded Ukraine throwing the world’s fuel supplies into crisis. Already under pressure from a strong economic recovery following the pandemic, oil prices skyrocketed to over $110 per barrel. The knock-on effect on gas prices only exacerbated what for many Western countries is being seen as a cost of living crisis.

Fuel economy has become a major consideration for people looking for a new car or a replacement for an old vehicle. Fuel-efficient cars are probably seeing a greater focus now than at any time in the past. A fuel-efficient car, especially considering gas mileage, is going to help you control your fuel bills.

Free Cars refueling on gas station Stock Photo

Savings are applicable when you chose a brand new or a used car that is proven to be fuel-efficient. In this review to identify the most fuel-efficient cars, we will ignore plug-in hybrids because it is difficult to compare accurately with conventional vehicles, and also we will not be including SUVs and trucks.

The ranking system we have used is based on the combined EPA-estimated fuel economy for each car. For each car chosen, particularly those where there may be several fuel-efficient variants, we have picked the most fuel-efficient model.

Most fuel-efficient conventional gas-powered cars

Although not the most environmentally friendly option, gas-powered cars are generally cheaper to buy than hybrid cars.

Mitsubishi Mirage

Starting MSRP of $14,295

Fuel Economy

  • Combined - 39 MPG
  • Highway - 43 MPG
  • City - 36 MPG

A new Mitsubishi Mirage hatchback with CVT (continuously variable transmission) is currently the non-hybrid vehicle with the best fuel economy on the market as well as being one of the cheapest. Sadly, there is a trade-off for what is, frankly, very impressive gas mileage. The Mirage has a 3-cylinder engine that only produces 78 horsepower so if you’re going to choose this subcompact car for its fuel economy don’t expect a powerful drive and be patient when driving inclines or entering a highway.

Hyundai Elantra

Starting MSRP of $19,650

Fuel Economy

  • Combined - 37 MPG
  • Highway - 37 MPG
  • City - 33 MPG

The Elantra is the second smallest sedan in the Hyundai stable (the smallest is the Accent). If you don’t mind the compact size, the Elantra’s fuel economy will definitely save you money at the pumps even if it has an engine that only delivers 147 horsepower that’s not going to have you leave anyone on the line at the stop light.

Free Black Hyundai Car Parked on the Road Between Trees Stock Photo

Kia Rio

Starting MSRP of $16,150

Fuel Economy

  • Combined - 36 MPG
  • Highway - 41 MPG
  • City - 33 MPG

This slot could easily have gone to the Hyundai Accent because it has the exact same EPA rating as the Kia Rio but including the Rio presents you with a wider range of options. The Kia Rio model to choose to get the best fuel economy is the four-cylinder engine with CVT that delivers 120 horsepower. A good choice if you’re a commuter with a stretch of highway driving.

Honda Civic

Starting MSRP of $21, 250

Fuel Economy

  • Combined - 36 MPG
  • Highway - 42 MPG
  • City - 33 MPG

With its average starting price of over $21k, the all-new for 2022 Honda Civic is one of the most expensive compact cars. The 2022 model is also currently only available as a sedan with no hatchback option. The best option for fuel economy is the EX trim (mid-tier) powered by a turbo engine delivering 180 horsepower.

Free stock photo of asphalt, automotive, blacktop Stock Photo fuel-efficient cars

Toyota Corolla Hatchback

Starting MSRP of $20,825

Fuel Economy

  • Combined - 35 MPG
  • Highway - 41 MPG
  • City - 32 MPG

The Corolla has never really won fans in the style stakes and has so often been unflatteringly called an appliance rather than an automobile but you can’t deny its standing in the fuel economy stakes. This applies to the automatic hatchback model with CVT. Avoid any Corolla model with six-speed manual transmission because this can negatively affect the combined MPG by more than 10 percent.

Most Efficient Gas-Electric Hybrid Cars

Combining an internal combustion engine with an electrical battery may involve higher upfront costs but there are greater rewards because you save money on gas. In general, as a class of automobiles, hybrid vehicles are much more efficient than conventional cars. Another bonus is that all-electric cars (including hybrids) have much lower emissions than conventional cars.

Hyundai Ioniq

Starting MSRP of $23,600

Fuel Economy

  • Combined - 59 MPG
  • Highway - 59 MPG
  • City - 58 MPG

Performing as equally well on fuel economy in both the city and on the highway, the Ioniq is also attractive to the car-buying public because its base price is among the lowest for hybrid cars. If you drive a lot and want to limit the number of stops at gas stations, head to the dealership for a Hyundai Ioniq because it truly is the champion of fuel economy. The car is powered by a four-cylinder/104 horsepower engine and a 43 horsepower electric motor.

Free A Car Driving Uphill Stock Photo fuel-efficient cars

Toyota Prius

Starting MSRP of $24,525

Fuel Economy

  • Combined - 56 MPG
  • Highway - 58 MPG
  • City - 53 MPG

The hybrid model that kicked off the hybrid revolution has managed to maintain such a decent fuel economy despite the increasing competition that it deserves its second place in the rankings of the most fuel-efficient cars. The Eco trim delivers the maximum mileage but if you want the all-wheel-drive option, you’ll have to sacrifice just a little of the MPGE.

Hyundai Elantra Hybrid

Starting MSRP of $23,750

Fuel Economy

  • Combined - 54 MPG
  • Highway - 56 MPG
  • City - 53 MPG

Cementing Hyundai’s place as providing some of the most fuel economical cars on the market regardless of how the vehicle is powered, the Elantra Hybrid is less conventional-looking than the Ioniq. The attractive-looking sedan benefits from a combined 139-horsepower powertrain and favors a smoother dual-clutch automatic transmission over a CVT. For the best mileage, choose the Blue trim.

Honda Insight

Starting MSRP of $25,210

Fuel Economy

  • Combined - 52 MPG
  • Highway - 55 MPG
  • City - 49 MPG

Honda aficionados and industry experts will recognize that the company has put an Insight nameplate on a car that is essentially a Civic hybrid. You might say that the Insight is a tenth-generation Honda Civic in disguise. Whatever way you look at the aesthetics, the fuel economy speaks for itself. For the best MPGE, go for the base LX or the mid-tier EX trim.

Free Red and Black Car Door Stock Photo fuel-efficient cars

Toyota Corolla Hybrid

Starting MSRP of $25,210

Fuel Economy

  • Combined - 52 MPG
  • Highway - 52 MPG
  • City - 53 MPG

Yes - the car that many people love to hate appears again in this list, this time in its hybrid form. One of the few cars (and the only one on our list) to perform better in the city than on the highway, you still have to love the bulbous body style of the Corolla to take advantage of its excellent fuel economy. This sedan-only model uses the Prius powertrain.

You may have noticed the dearth of American-made cars on this list that is dominated by Japanese manufacturers. According to all statistics, Honda is the most fuel-efficient manufacturer across all types of cars. If home automakers are important criteria for your vehicle choice, for the most fuel-efficient cars made in the USA, you need to look at the various models of the Chevrolet Bolt and the Ford Escape Hybrid.

If you’re looking for a new car and fuel economy is top of your list of priorities, any of these cars fit the bill. If you’re also looking for a great deal that saves you money overall, these models and more are all available for purchase brand new and for lease from IMX Auto.

If you’re upgrading and have a car to offload before getting a new one, you can talk to IMX Auto. We offer the industry’s best buy-back prices on all makes and models, including those with less desirable fuel efficiency ratings.

Sell Your Leased, Purchase or Financed Vehicle to IMX Auto in Burbank 

Looking to sell your vehicle? We got you covered, contact IMX Auto today! Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet.

Read More

06-02-22

Top 10 SUVS With The Most Third-Row Legroom

Among the midsize SUV community, there is a special and unique feature that not many people talk about when browsing for a new vehicle, but that is extremely important both in terms of overall car space and passenger comfort.

We are talking, of course, about the factor of third-row legroom! Once upon a time, this kind of space in an SUV was reserved only for the largest examples of this car genre, but great leaps forward in design and technology now mean that there are plenty of midsize SUVs that are able to offer that extra bit of comfort and carrying capacity for both the driver of the vehicle and the passengers that are coming along for the ride.

It might seem like an easy design challenge to achieve a car interior that can strike a balance between comfortable seating and decent cargo space, but years’ worth of new releases have shown us that clearly isn’t the case.

Many SUVs over the years have been built with a much smaller third-row space than most drivers and customers would ideally like. What this means in practical terms is that more SUV shoppers end up having to compromise cargo space if they want to give their passengers more spacious legroom, or vice versa.

girl siting in backseat of suv

For most SUVs, extra space can measure up to 200 inches of legroom, and this will definitely start to eat into your trunk space behind that final row of seats. However, all is not lost!

There are some three-row SUVs on the market at the moment that have been celebrated for having the perfect combination of both storage space and legroom. If an SUV can achieve this crossover success in a comfortable, reliable, and, importantly, fuel-efficient manner, then you can feel like you have found the holy grail of haulers!

With all of this in mind, we have put together a rankings list of SUVs that have enviable and spacious third-row seats. These are:

  1. Buick Enclave
  2. Kia Telluride
  3. Honda Pilot
  4. Toyota Sequoia
  5. GMC Yukon XL
  6. Volkswagen Atlas
  7. Volvo XC90
  8. Chevrolet Traverse
  9. Ford Expedition
  10. Acura MDX

As we are sure you are aware, all of the SUVs listed above come in a range of models and model years, ranging from full-size SUVs to mid-size to sub-company if you aren’t too concerned with overall cubic feet volume.

Let’s take a close look at each of these luxury SUV choices, with the all-important roomy rear seats being the main focus.

Buick Enclave

If performance and comfort are two things that you look for in a vehicle with off-road potential, then the Buick Enclave Crossover will definitely not disappoint you. The Enclave offers a super spacious interior with third-row seating that offers 33.5 inches of legroom and even more hip and headroom.

With large side door openings, access to this spacious third-row seating is very easy, and the Buick Enclave also adds a number of luxury features such as Apple Carplay, and great safety features to protect the family. The premium Avenir trim level is unrivaled when it comes to back seats.

Kia Telluride

The Kia Telluride regularly tops the list of SUVs that are completely family-friendly when it comes to comfort and style. Stunning to look at both on the inside and the outside, the car has powerful horsepower, great towing capacity, and a great cargo capacity, not a trio that you will find in many compact SUVs.

With a decent starting price and good fuel economy, this really does rank among the best 3-row SUVs, and smart features like touchscreen controls certainly don’t hurt its appeal to the modern driver.

As well as excellent third-row legroom, this vehicle offers 31.4 inches of headroom and a huge 43.7 inches of hip room.

kia suv driving through dirt

Honda Pilot

This three-row crossover SUV first hit the roads in 2003, with people particularly loving its premium interior features and top-of-the-line efficiency.

Though it isn’t a minivan, the Honda Pilot's third-row boasts 31.9 inches of legroom. Not bad for a vehicle with a turbo engine! This is a hauler that is family-friendly whilst also providing a platinum-level driving experience.

Toyota Sequoia

The Sequoia is one of the largest Toyota SUVs from the Japanese manufacturer, which perfectly explains why it offers so much third-row leg room. Unbelievably, the Sequoia beats peers like the Toyota Highlander, Subaru Ascent, Chevrolet Tahoe and Mercedes Benz, Nissan Pathfinder, and Mazda CX-9 in legroom capacity.

The numbers are huge all-round, with shoulder space of 66.4 inches and third-row hip room of 50.4 inches. Let’s not forget to mention the 381 horsepower and modern infotainment system. The former will keep the driver happy and the latter will keep the kids in the back even happier!

GMC Yukon XL

For an SUV choice that is both stunning to look at and offers top-of-the-range performance, you can’t do much better than the GMC Yukon XL. In particular, the 2019 models have been celebrated as real works of art both on the inside and outside. There is something very enticing about a car design that remains classy yet still has a body that is ideal for off-road activity.

Whether you want a good SUV for long-distance travel or for a local city work commute, the Yukon XL is ideal for both types of journeys. It has an expanded chassis that enables passengers with long legs to sit comfortably for many miles. In terms of the stats, the XL has 36.7 inches of third-row legroom and a whopping 41.5 cubic feet of cargo capacity right behind it.

Volkswagen Atlas

The VW Atlas was originally released in 2018, but the 2019 model is the SUV crossover that boasts the kind of third-row legroom that we are interested in. The vehicle is based on the signature VW unibody design that you will recognize on the Passat Sedan.

The Atlas adds 37.6 inches of legroom in its third row, and it even has a 60/40 split-folding bench on its second row which is something that not all of the SUVs on this list can claim. Even in this spilt folding configuration, access to the third row is incredibly simple thanks to sliding between the seats. Even a tall passenger will be able to comfortably sit in a third-row seat in a VW Atlas.

You can choose between two different engines on this model, a 2.0 turbocharged 4 cylinder, or a 3.6 l VR6 gas direct injection non-turbo engine. The standard front-wheel-drive offers some of the smoothest handlings of any of the suggestions on this list.

Volvo XC90

When it comes to style and luxury mixed with high engine performance, Volvo is a company that never lets drivers down. The Volvo XC90 in particular is a vehicle that delivers extreme comfort, extreme ease of handling, and extreme cargo space!

Packed with luxury design and high-tech features, the space-conscious model has 31.9 inches of third-row legroom and 46.9 inches of shoulder room. This provides an all-around super-comfortable experience for anybody traveling for extended periods of time in that part of the vehicle.

Volvo XC90 suvs with legroom driving in snow

Chevrolet Traverse

One of the largest SUVs currently on the market, the Chevrolet Traverse measures more than 17 feet in total length! There is a thin line between an SUV and a minivan, and you could argue that the Traverse sits right on that line!

Every passenger gets treated to great legroom in this Chevy, with the third-row legroom measuring 33.5 inches. The cargo capacity is also something to shout about, with a total volume of 23 cubic feet behind the third row.

If you are looking for a car that definitely does not compromise performance for comfort but can rather achieve both effortless, then the Traverse might just be the one for you. With ample clearance from the road surface and a high-tech suspension system, the Traverse is about as comfortable as its gets in the world of high horsepower SUVs.

Ford Expedition

When it comes to ample legroom, something like the Ford Expedition fits the bill for an SUV that is super stylish and super comfortable at the same time. The 2019 model in particular adds plenty of space in the back, with 36.1 inches of rear legroom and 40.9 inches of hip room.

The Expedition has the second-largest amount of shoulder room on this list, with 64.3 inches. Accompanied by 37.2 inches of headroom, the Ford Expedition offers one of the most luxurious and comfortable rides for both the passengers and the driver.

suvs with legroom

Acura MDX

The final model on this list is the Acura MDX, a great midsize SUV that offers really comfortable legroom race on the third row. Another vehicle that succeeds in combining massive performance with massive comfort and style is a winner in our minds, and the Acura definitely achieves that balance.

With third-row legroom measuring 29 inches, there are some cars on the list that might offer more inches of legroom, but for a midsize SUV, this is still a good amount of space. Add to that that 18.1 cubic feet of cargo space behind the third row and you start to understand the value of a midsize option like this.

Benefits Of Having Extra Third Row Legroom

So, now that you have a long list of superior SUVs to choose from, let’s finish with a quick rundown of some of the best benefits of having all of that extra cargo capacity and legroom. Some points are obvious, others perhaps less so, but they all come together to prove just why you should seek out an SUV with great third-row legroom.

  • A More Comfortable Journey For Passengers

When you are driving, you are almost in a different zone from your passengers. For those traveling in the back seats, the difference between no legroom and plenty of legroom is palpable. You will have a much more comfortable experience all around if you enable your passengers to travel in luxury!

suvs with legroom

  • Better Resale Value

When the time comes for you to sell your current SUV in order to upgrade or maybe even downsize, having so much extra third-row legroom will make a difference in terms of the resale value that your car will have on the second-hand market. It is a definite selling point. Our lives are only going to get busier and fuller as the years go by, and somebody will be looking for a stylish SUV that looks great but still boast a lot of the practical elements that most people want in a vehicle.

hand holding car keys to SUV

Final Thoughts

When you are shopping for diamonds it's all about adhering to the ‘4 Cs’ rule, and you can think about SUV hunting as the ‘4 Cs’ as well, but in a slightly different way! We’re talking about comfort, class, convenience, and cargo space. If you can find an SUV that offers all of those factors in varying degrees, then you can be sure that your vehicle is going to provide you with many years of driving satisfaction.

SUVs are intended to give drivers a family-friendly vehicle that is ready for adventure at any time, and has something that you know is going to keep your passengers comfortable even as far back as the third row, whilst still being able to throw all of your luggage in the ample cargo space is absolutely ideal.

No matter which vehicle on this list you end up choosing, there is no doubt that you will be happy with your purchase!

Sell Your Leased Vehicle to IMX Auto in Burbank 

Looking to sell or trade in your vehicle? Look no further, contact IMX Auto today! Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet.

Read More

11-19-21

Benefits of Leasing Your New Car

It seems mind-boggling that the car and truck leasing industry is booming. Why is it that people are choosing to lease vehicles when they can buy them new or second-hand? The downside to leasing is that after paying months or years on a vehicle, you have nothing to show for it at the end. However, the more economically-minded are discovering that their sum value per dollar spent is actually far better when they lease rather than when they buy.

Starting With The Math

Let’s say that you want to buy a Nissan, and it costs you around $21,595. A deal for leasing for three years would come to around $9,071.16, which includes taxes, the initial amount, and so forth.

A generous depreciation rate would be 46%, though, in reality, it is often higher. Meaning that the resale value of the car by the end of that three years is $11,661.30, meaning that the car lost $9,933.70 from its original value.

Buying, and assuming you sell the car after three years, you spend $10,308.70. But, leasing for three years only costs $9,071.16. The question then comes down to simple math. Would you like a car for three years to cost you 9K or 10K?

Some may say that somebody could keep a car in good condition for ten years and get the best possible value, but they would be wrong. The only way to get better value for your money is if you buy a used car or second-hand car with around 20 thousand miles on the clock, and then keep that car for ten years. Only under those circumstances do you come out noticeably ahead in terms of value for money.

Lease Obligations Do Not Show as Debt

This is a massive feature for some people when it comes to getting a new car. Most people are in massive amounts of debt. It is the nature of the game. Over the last 20 years, it has become easier and easier to get credit for everything from a car loan to a new holiday, and people have been taking them. Promises of low monthly payments and no down payment have lulled people into debt. They don't want anything else on their credit report, so when they see that a lease term doesn't count as debt on their credit report, they choose a car lease rather than an auto loan.

Lease Payments Can Be Considered Business Expenses

This is a massive benefit for some people, especially since many people are self-employed and/or working from home. People are able the get a new vehicle with all of its warranty promises for fairly low lease payments, and then pass them off as business expenses.

Even if they do not get lower monthly payments for their leased car, it is easier to pass off a lease deal as a business expense than it is when they buy a new vehicle from a dealership. In most cases, people who buy a car have to split their usage amount 60/40 for home and business. Whereas auditors will more easily accept that your monthly lease payments are at least 90% business use cases. This is one of the biggest benefits of leasing for small business owners, freelancers, and self-employed people.

Are There Any Downsides or Cons of Leasing?

As for the cons of leasing, they are surprisingly similar to the downsides of buying. For example, wear and tear may be a problem, but it is just as much of a problem when you buy the car and want to sell it after a few years.

At the end of the lease, you may have nothing to show for your money, but if you sold your car right there, you would still have nothing to show because you are just recouping the massive amount you spent in the first place. The residual value of the vehicle goes down very quickly.

One could complain about the payments and interest rate issues that come with leasing, but the same is true if you struggle with your loan payments to pay for your car. The lease contract says that the lessee has a mileage limit, but you can set your mileage limit before you lease the vehicle. Plus, even if you had a new car, if you are doing a lot of miles, then that too is reflected in its resale value, so the numbers balance up in the end.

Some complain that they do not have the credit score for a leased vehicle, but the leasing companies are no more vindictive than a lender and loan term setter when you buy a car. In fact, financing options are often worse than car loan and car lease plans.

Buying the Leased Car At the End of the Term

Some people have a hard time saying goodbye. There is no real benefit to buying the car from the leasing company at the lease end, but it may save you the hassle of buying your next car or next vehicle. Though that is not the real reason why people buy their leased cars. In most cases, people who buy their leased cars are ones who have made memories in the car, who have come to rely on the car, and who do not want to give it up. In reality, being able to buy the leased car at the end of the term, for the Blue Book value of the vehicle, is a pretty good benefit. It may not offer fantastic value for money, but it is a handy perk nonetheless.

Some say that a leased car is not worth the purchase price because of the excess mileage and excessive wear that comes with leased cars, but that is not the case. They are mistaking the way people treat hired cars with the ways they treat leased cars. Car buyers are not doing donuts in the Walmart parking lot with their leased car. They may be doing such things with their hire car, especially if they paid for the damage insurance upfront. But, in most cases, car buying and car leasing people take care of their leased car, they stick to the number of miles they signed up for, and they take good care of their vehicles.

The Lesser-Known Benefits of Leasing

You can often pick your own down payment to make before you lease your vehicle. Similar to when you get a car loan, you can sometimes make part of the payment beforehand and then make lower monthly payments as time goes on. The only downside is that you cannot trade in your car for its trade-in value and use that as your down payment.

When you lease a car, you get all the accessibility features, you can pick your number of yearly miles, and you get all the modern safety features. One of the best reasons to either buy or lease new cars every four years is because of new safety features, and because car payment companies and car insurance companies will go a little easier on you. That is unless you are leasing luxury cars, in which case your car insurance will be pretty high.

When you lease and car, you don't have to worry about gap insurance, the purchase price, or even the monthly costs beyond the lease period payment agreement. There is often some pretty tasty lease offers on the table, and some manufacturers offer incentives for people to lease their cars rather than buy them.

hand holding car keys

Are Lease Payments Less Than Traditional Car Loan Payments?

In some cases, if you have a good credit rating, you can get a car loan or a regular loan for less than what it costs for a car lease. However, this does not change the value of money you are getting for your car. When you buy a car, you are losing out due to depreciation, and nothing changes in that regards even if you get a good loan deal.

If you have a bad credit rating or you are looking for a car financing deal, then the monthly payments and your overall payments are going to be far higher than your monthly lease payments. In fact, perhaps one of the underlying reasons why car leasing companies are doing so well is because of the massive monthly and huge interest costs that come with car financing terms. Under most circumstances, the cost of leasing is better than buying. Plus, in terms of value for money, you are often getting a better deal if you lease a vehicle rather than buy it.

 

If you are in the market for a new car, it is probably time to sell your old one. Whether you are looking to lease or buy a new car, selling your old car can help you finance the new one. At IMX Auto, we can give you a quote for your vehicle in 2 minutes or less, and help take away the burden of getting your old car off your hands. Visit our website to get a quote online or visit us in-store to get started!

 

Store Hours:

Monday-Saturday: 9:00am-7:30pm

Sunday: By Appointment Only

Address: 811 N Victory Blvd, Burbank, CA 91502

Read More
TAGS »

Car Leasing Archives - IMX Auto Group

Contact Us:

Name:
Email:
Message: