Articles & Research

How to Negotiate a New Car’s Price

There’s no denying that driving a new car off the lot can be an exhilarating experience. However, for most people, the process of buying that car is often stressful, primarily due to the pressure associated with negotiating its price. The good news is that the process can be less daunting if you come prepared and know how to navigate the dealership’s tactics. In this comprehensive guide, we explore how to effectively negotiate a new car's price, so you can walk away feeling confident in your purchase.

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Motorvero

November 09, 2024

Understanding the Levels of Self-Driving Cars

Self-driving cars are classified into 6 levels (0-5) by SAE International: Level 0 (No Automation), Level 1 (Driver Assistance), Level 2 (Partial Automation), Level 3 (Conditional Automation), Level 4 (High Automation), and Level 5 (Full Automation). Current consumer vehicles typically operate at Level 2, with some reaching Level 3 in specific conditions.

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Motorvero

November 09, 2024

Should You Lease or Buy Your Next Car?

When it comes to acquiring your next vehicle, one of the most common questions is, "Should I lease or buy?" With the rising costs of new cars, understanding the differences and deciding between leasing and buying can significantly impact your financial wellbeing and driving experience. Leasing offers lower upfront costs and monthly payments, whereas buying allows you to build equity over time. So, how do you decide which option is best for you? Let’s explore the details to help you make an informed decision, tailored to your unique needs and financial goals.

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Motorvero

November 09, 2024

AWD vs. 4WD: Understanding the Differences

The main differences between AWD and 4WD: AWD systems automatically control power distribution to all wheels and are optimized for on-road use, while 4WD systems typically require manual engagement and excel in off-road conditions. AWD offers better everyday handling, while 4WD provides superior extreme-terrain capability.

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Motorvero

November 09, 2024

How to Find a Great Car Dealership

 

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Motorvero

November 09, 2024

The 6 Levers of a New Car Deal

When you set out to purchase a new car, pricing is often the first, and perhaps the most significant, hurdle you’ll encounter. Doing your homework before walking into a dealership can make a world of difference in how successfully you navigate this part of the process. Knowing exactly what kind of vehicle, trim, and options you want gives you a major advantage. It’s crucial to establish that you are knowledgeable, as it communicates to the salesperson that you aren’t easily persuaded by vague promises or upsells.

 

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Motorvero

November 08, 2024

How Important Is Mileage When Buying a Car?

When buying a used car, many shoppers tend to focus on one seemingly straightforward metric: mileage. While a vehicle's odometer reading does provide insight into its usage, it's far from being the sole determinant of the vehicle's condition or its future reliability. There are other factors at play, such as the vehicle's age, maintenance history, and even environmental exposure, that significantly influence how a car will perform over the years. This article dives into these aspects in detail, offering a more nuanced view of how important mileage is and how MotorVero can guide you to make a well-informed decision.

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Motorvero

November 08, 2024

Car Buying: 4 Questions You Need to Ask and What You Shouldn't Ask

Buying a car can be an overwhelming process, especially with so many variables in play. At MotorVero, we believe in empowering you with the right knowledge to make informed decisions. Whether you’re buying a new or used car, these four key questions can make a difference in ensuring transparency and keeping costs manageable—and there's one question that you should avoid asking entirely. Here’s how you can be better prepared to drive home the car of your dreams without any hidden surprises.

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Motorvero

November 08, 2024

What to Consider When Buying a Car for Commuting

When gasoline prices rise, the cost of commuting becomes a significant factor in selecting a car. Fuel economy is critical in determining your car's long-term expenses. The Environmental Protection Agency (EPA) provides fuel economy estimates for nearly every car on the road, helping you understand the efficiency in city, highway, and combined driving conditions. The type of driving you do on your commute—whether mostly in traffic-filled city streets or smooth highway routes—will dictate which fuel-efficient car suits your needs best.

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Motorvero

November 08, 2024

Why Should You Buy a Car With Cash?

After weeks or months of research and test drives, you've finally found the perfect vehicle. But a crucial question remains: should you pay cash for the car or finance it through an auto loan? This decision is influenced by several factors, and understanding both options—their pros and cons—can help you make the best financial choice.

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Motorvero

November 08, 2024

The Pros and Cons of Buying a Rental Car

In today's car market, even used vehicles can feel financially out of reach for many buyers. For those looking for more affordable options, former rental cars might appear as an enticing choice. But should you buy a rental car, or avoid it at all costs? In this article, we will help you weigh the pros and cons of buying a rental car to ensure you make an informed decision that fits your needs, preferences, and budget.

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Motorvero

November 08, 2024

How to Handle Car Depreciation

Car depreciation is the gradual decline in a vehicle's value over time. From luxury SUVs to basic sedans, every car begins losing value the moment it leaves the dealership. However, depreciation doesn't have to be entirely negative. With the right strategies, it can even work in your favor, especially when making smart buying decisions. Let's explore how MotorVero can help you navigate car depreciation and maximize your investment.

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Motorvero

November 08, 2024

Dealership CPO vs. Manufacturer CPO

Buying a car can be a complicated process, involving everything from inspections to price negotiations. To make the experience smoother, many dealerships and manufacturers offer Certified Pre-Owned (CPO) programs. These programs provide buyers with added confidence by ensuring that used vehicles meet specific quality standards. However, not all CPO vehicles are the same—there are important distinctions between dealership CPOs and manufacturer CPOs, which can impact your purchasing decision.

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Motorvero

November 08, 2024

What to Know About EV Tax Credits

In August 2022, President Biden signed the Inflation Reduction Act, bringing about significant changes to healthcare, tax regulations, and climate policies. For electric vehicle (EV) buyers, the most crucial element lies in the revised federal tax incentives for EVs. These changes not only impact current and future car buyers but also encourage automakers to adapt to evolving market dynamics. With MotorVero by your side, navigating these tax credits is easier and more efficient

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Motorvero

November 08, 2024

How Do Car Dealerships Make Money?
Car dealerships are dynamic businesses, thriving on multiple revenue streams beyond just new car sales. While it might appear straightforward to many car buyers, there is a complex business model at play that ensures profitability. In this in-depth exploration, we'll break down exactly how car dealerships make money and how MotorVero helps dealerships maximize their profits across various income sources.
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Motorvero

November 08, 2024