2012 Toyota Corolla S on 2040-cars

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Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.

2020 Toyota Highlander vs other 3-row crossovers: There can only be one!

We've done quite a few spec comparison posts involving three-row family crossovers, and when included, the Toyota Highlander has always been the runt of the group. While the rest increasingly seemed to be benchmarking each other toward greater girth, the Highlander was the outlier.  That changes a bit for the 2020 Toyota Highlander, but only a bit. It's now larger and more competitive, specifically in regards to the amount of cargo space aft of the third-row seat. As you can see below, this aligns the Highlander most closely to its long-time competitor the 2020 Honda Pilot. However, let's see how it stacks up to others in the segment, which is heavily populated now, so for the sake of space, we've selected the newest entries: Kia Telluride, Hyundai Palisade, Subaru Ascent and Ford Explorer. The order in which they are presented is random.  Performance and fuel economy The 2020 Highlander is more than 200 pounds lighter than its predecessor, but has the same 295-horsepower V6 engine that was already one of the strongest in the segment. We'd say that would give it a leg up, but the Pilot and Explorer have proven to be sprinters, delivering 0-60 times in the low-6 range by some publications' stopwatches (or VBoxes, whatever). We don't expect the Highlander to beat them, but it may dip into the 6's. The heavy, less-powerful Subaru Ascent is most likely to take up the rear. It's fuel economy of 23 mpg combined also matches the Highlander and Explorer for segment-best. Remember, however, that the Explorer's turbocharged inline-four engine is likely more susceptible to differences in driving style (read: a heavy foot).  Of course, if you're really interested in fuel economy, the Highlander and Explorer are the only vehicles in the segment to offer hybrid versions. The Ford Explorer Hybrid puts a greater emphasis on performance, however, resulting in lower estimates of 25 mpg combined (AWD) and 28 mpg combined (FWD). By contrast, the new 2020 Toyota Highlander Hybrid is estimated to return 36 mpg combined.  Passenger and cargo space According to Highlander chief engineer Yoshikazu Saeki, he had a choice of two directions with the new Highlander. He could have indeed made it bigger, matching these very competitors, especially in terms of third-row and cargo space. Or, he could have maintained a smaller-than-average size. He obviously chose the latter. First, it was the size customers had come to expect. Would they be put off by something bigger?

How to fix a $4,000 hybrid battery problem with vinegar and baking soda

This is one of those 'Don't try this at home if you don't know what you're doing' DIY tales. Two weeks after imgur user "scoodidabop" bought a used Toyota Camry Hybrid with no warranty, he got the Christmas Tree dash display with warnings like "Check VSC System," "Check Hybrid System," and the Check Engine light. After some Internet sleuthing he figured it could be a faulty brake actuator, assuming the hybrid system warning was a false alarm. But it wasn't the actuator, it was the battery, a Toyota dealer telling him that his battery had "gone bad," and he'd need $4,457 to replace it. Then he had a brainstorm: it could be one of the cells that's gone bad, not the whole battery. Scoodidabop has some experience as an electrician, so he figured he could test it and replace any bad cells for about $45 apiece. He removed the battery unit from the trunk and over the course of two hours tested all 68 cells four times. He found nothing wrong. So he devised another type of test and checked every cell again. He couldn't find a problem with any of them. Turns out the problem wasn't in the cells, but with the dirty and corroded copper connectors at the ends of the high-voltage cables. He pulled the 34 connectors and their steel nuts, soaked them in vinegar, gave them a light steel wool scrub, soaked them in baking soda and water to counteract the vinegar, applied an anticorrosive and reinstalled them. That took an hour. When he replaced the battery, the warning lights had all gone out and the battery worked perfectly. Skill level: experience. Cost: less than $10. Perhaps it's time for hybrids to be able to test their own cells individually. Dealers, too.