Chevrolet Avalanche 2012 Lt Z71 Edition 5.3 V8 4wd Low Reserve Price Set A+ on 2040-cars

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New auto loans could soon extend out to 84 months

Cars and trucks are more expensive than ever before. In order to boost sales and help consumers afford new vehicles, automakers are offering longer and longer terms for auto loans. This past week, Bloomberg reported that FCA's Ram Trucks division is currently offering the longest loans. Some stretch to 73 months. Jeep, Fiat and Chevy aren't far behind. More noteworthy is that we'll likely soon see lenders moving from 73-month to 84-month loans. That's seven years worth of interest. More than two-thirds of US auto sales come from light trucks like the Ford F-150, Chevy Silverado and Ram 1500. The average transaction price of a new vehicle is well over $30,000. It's not difficult to spec out a heavily-optioned truck up to $60,000. Vehicles depreciate from the moment they roll off a dealer lot, and these six or seven-year loans could hurt consumers and lenders both in the long run. The U.S. Senate voted last week to kill rules that would prevent discriminatory auto lending. These Obama-era guidelines were meant to curtail lenders who offered higher loans based on race, religion, sex or national origin. Related Video: News Source: Bloomberg Chevrolet Fiat RAM Car Buying car loan car values

Petrolicious profiles one man and his duo of '64 Impalas

Restoring any vintage car is a labor of love. In the end, the investment of time and money is often more than the vehicle is realistically worth on the open market. Deciding to take all of that work on yourself doesn't make things any easier, but it can only increase your connection to the project. Don Rogers, the subject of the latest video from Petrolicious, shows this passion perfectly with his duo of 1964 Chevrolet Impalas – a hardtop and convertible. Both of these Chevys had been sitting for years before Rogers got his talented hands on them, and he did all of the work himself. Now, driving the pair is therapy for him, and he's not worried about anything breaking because he knows he can put it back together. Rogers says he enjoys wrenching on his vehicles even more than going to shows. Doing your own work comes with advantages, like tailoring a project's look to your preferences. It's not original, but Rogers used the crimson interior color from a '59 Impala on his convertible to make the interior pop with the top down. Rogers is undoubtedly a talented builder, and his work is worth checking out in the latest from Petrolicious. Related Video:

GM issues stop-sale order for 2024 Chevy Colorado, GMC Canyon pickups

General Motors has issued a stop sale for the midsize 2024 Chevrolet Colorado and 2024 GMC Canyon pickups due to software problems, the Detroit Free Press reported Tuesday. The newspaper had previously reported that trucks were piling up in GM's Wentzville Assembly holding lot. Well, now we know why. As happened with the 2024 Chevy Blazer EV late last year, the midsize pickups are grounded until further notice.  While GM declined to reveal the nature of the software issues to the Free Press, we've seen the chaos inflicted by the company's current digital suite manifest in the Blazer's rocky launch. In some cases, those EVs were effectively bricked (whether permanently or temporarily) by glitches that plagued the infotainment. And because modern infotainment touches virtually every aspect of vehicle operation, what might sound like a trivial issue can quickly snowball. The Edmunds test vehicle produced "the single longest list of major faults" the outlet had ever seen.  Some trucks have already shipped to dealers and will remain on hold there until serviced and released; it appears GM will continue to hold trucks at its Missouri production facility until they receive software updates to address the ongoing issues. GM did not provide a timetable for software fixes or the resumption of customer deliveries.