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Money Advice Service’s Online Tool Helps Buyers Choose Wisely
Thu, 10 Jul 2014NEW researched published by the Government-backed Money Advice Service (MAS) has found more than half of people who purchased a used car underestimated the running costs. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated, while one in five (20%) have resorted to going into debt just to keep their vehicle on the road. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.
Toyota wins unintended-acceleration case
Fri, 01 Apr 2011Toyota secured a legal victory on Friday against the landslide of unintended-acceleration claims that have dogged the company for more than a year. A jury in New York found in favor of Toyota, rejecting claims of a driver who said a floor mat was the cause of his 2005 crash in a Scion tC. The jury took 45 minutes to reach the verdict after a weeklong trial in federal court.
Most hybrid owners don't buy another hybrid, Polk study says
Mon, 09 Apr 2012Almost two-thirds of U.S. hybrid buyers returning to the market in 2011 chose something besides another hybrid. Excluding owners of the best-selling Toyota Prius, the repurchase rate among other hybrid buyers dropped to 22 percent, according to a Polk study released today.