A study done by iSeeCars found that, after three years, the average depreciation of a car is 39.1%. The automotive research firm noted that three years is the average term of a lease and the ideal age of a used car for prospective buyers. “Three years is a popular age for used car buyers because the cars have taken a major depreciation hit, but likely have many of the latest modern safety and technology features,” stated Phong Ly, iSeeCars’ chief executive officer. Continue reading “Average Car Depreciates by 39.1% after Three Years”
New York State Invests in Electric Vehicles
The New York State Public Service Commission (PSC) recently approved a $750 million initiative to speed up the construction of 50,000 charging stations throughout the state by the year 2025 as part of Governor Andrew Cuomo’s “Make Ready” order. The governor’s initiative also calls for $4.4 million in spending for an additional 4,650 charging stations on Long Island that would charge up to 188,000 electric vehicles (EVs) islandwide within five years.
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It’s Illegal to Let Junk Cars Pile up on Your Property
If you have been letting junk cars sit in front of your home, better watch out! New York State law prohibits the accumulation of junk cars on private property. It says allowing unused vehicles to continue to stay on the local premises “can reduce property values, be an eyesore and an attractive hazard to children, and be a potential health risk.” Instead of risking payment of a fine and letting the state take your cars away, get money for your junk cars by selling them to Gershow Recycling. Continue reading “It’s Illegal to Let Junk Cars Pile up on Your Property”
Back to the Future: Should You Retrofit Your Older Car?
Cars that were built in the early 2000s didn’t have the state-of-the-art features that their modern-day counterparts have now. Now, many late-model car owners are choosing to give their vehicles a much-needed upgrade. But the question is whether making these changes to your older car are worth it, especially when things start to go wrong with the car. Instead of spending money on bells and whistles for your older car, get money for it by calling Gershow Recycling.
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More Than 12 Million Cars on the Road Have Defective Airbags
WJLA-TV recently reported that over 12 million late-model car owners are driving around in vehicles that are carrying defective airbags that have been recalled but never repaired. Jerry Cox, an auto safety expert, said half of the cars “have airbags that are more likely than not to kill you” in the event of a crash.
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Debunking the Myths about Selling Your Junk Car
You no longer want to keep that junk car, but you are still holding onto it. Why? Because you don’t think that you can sell it, or you think there are strings attached in selling your old vehicle to a Long Island “cash for cars” junk and auto salvage company. Not with Gershow Recycling! With Gershow, they make the junk car buying process easy and they pay top dollar for your unwanted vehicle.
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DOT: Road Travel Decreased by 40% in the Past Year
The U.S. Department of Transportation reported that travel on roads and highways nationwide during the month of April fell by 40% from April 2019. The number of miles traveled in the United States for April 2020 is estimated to be at 169.6 billion miles, a decrease of 113 billion miles compared to last year. The DOT also reported April’s total mileage is at its lowest level in the last 85 months, dating back to 2001. Continue reading “DOT: Road Travel Decreased by 40% in the Past Year”
IHS: 84 Million Older Cars Will Still Be on the Road in Three Years
An article from 24/7 Wall St. reported that, based on research from IHS Markit, people who drive older cars now will continue to drive them in the next few years. IHS predicts that, from 2018 to 2023, there will be an increase of 22% in the number of 16-year-old cars on the road. This means, in three years, 84 million older cars will still be driven, compared to 35 million in 2002. Rather than driving around an older car, call Gershow Recycling to sell it.
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Don’t Abandon Your Junk Car. Sell it to Gershow!
If you are on the road and your old vehicle stops running, you may want to just get out of your junk car and leave it on the side of the road or with an auto repair shop. Many people have done so, but they don’t know they are missing out on an opportunity to get money for their junk cars.
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Survey Lists 10 Least Reliable Older Cars
A member survey conducted by Consumer Reports listed the top 10 older cars with the most problems. Although the CR article states that many of today’s cars can go 200,000 miles before any major repairs are needed, those surveyed experienced faulty transmissions, engines and head gaskets before hitting that milestone. If you have an old car that is no longer reliable, sell it to Gershow Recycling and get cash for your junk car.
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