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Smart's $99 loan deal has big balloon payment at end
Mon, 06 Jul 2009Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.
White House pushes automakers toward 54.5-mpg target by 2025
Tue, 26 Jul 2011The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.
2009 Aston Martin V8 Vantage Coupe, the AutoWeek Drivers Log
Fri, 28 Aug 2009EDITORIAL ASSISTANT JONATHAN WONG: There are some cars that look good, and then there are a few cars that look downright gorgeous. Astons fall into the latter category (except for the DB9 Volante). This Vantage coupe with its DBR9 racing green paint job is hard to miss--not for being an over-the-top, outlandish-styled car like a Lambo, but because it's just so beautiful.