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<< [Back to News Releases] Auto Affordability Worsens Slightly Comerica Bank Chief Economist Reports DALLAS, Nov. 10 /PRNewswire-FirstCall/ -- The purchase of an average-priced new vehicle took 24.1 weeks of median family income in the third quarter, according to the Auto Affordability Index compiled by Comerica Bank. The latest reading is up 1.0 week from the second quarter and down 1.1 weeks compared to a year ago. Including finance charges, the total cost of buying an average-priced light vehicle was $28,929 in the third quarter, up about $1,200 from the second quarter. Family income barely increased in the latest quarter. (Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO) "The surprise to me was that the average amount of money spent on a new car increased about 5 percent to $25,200 last quarter, excluding financing costs," said Dana Johnson, Chief Economist at Comerica Bank. "In all likelihood, many moderate income buyers pulled out of the market due to the limited availability of financing, thereby temporarily inflating the average amount of money spent on a new car. A sharp drop in loan to value ratios, to the lowest level in three years, was another indication that tight auto financing conditions were a restraint for many potential buyers."

send to a friend printable version What that car really costs to own Knowing a vehicle's cost over time can save you thousands in the long haul Illustration of a car blowing money out the exhaust Illustration by Carlo Stanga A less-expensive car can cost you more in the long run than a more-expensive alternative, our new ownership-costs comparisons have found. At about $17,500, a Mitsubishi Lancer could cost $4,000 less than a base Mini Cooper to drive home. But when you estimate the total costs of ownership for each car, the Lancer could cost you $5,000 more over five years. A Toyota Highlander can cost you $3,000 more to purchase than a Ford Explorer V6, but owning the Ford after five years can cost $6,750 more. In addition to shopping for a good deal, car buyers should also consider how much a model will cost them to own. That includes depreciation, fuel costs, interest, insurance, sales tax, and maintenance and repair costs. To help, Consumer Reports is introducing its new owner-costs estimates, which can help you compare models and could save you thousands of dollars. The "owner costs" Ratings cover one, three, five, and eight years of ownership and are based on a comparison of all models within the Consumer Reports database over eight years. Because depreciation is factored in our estimates, we assume that the vehicle will be traded in at the end of the term.

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The menstrual cup has risen as a revolution in our lives. It offers us the convenience which no other reusablesanitary product can offer. But users are often in enigma about which menstrual period cup to purchase.Many companies have launched varieties of menstrual cups. They range in color, size, firmness, and shape.Broadly speaking, they are divided into three sizes-small, medium, and large. So which one to go for?

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