What We’re Loving: Reply All

What We’re Loving: Reply All

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We say goodbye and thank you to Reply All, the greatest pod that ever cast.

If you’re ever looking for a podcast that is as funny as it is well-researched, as earnest as it is thoughtfully produced, look no further. Let the Reply All team accompany you on your next trip down easy street. 

The hosts signed off for the last time this week, but their catalog will always be worth revisiting.

This week marked the end of a Reply All, a podcast that truly transcended the medium into a wholly unique work of art.

Reply All has pushed the boundaries of storytelling, journalism, entertainment, and art for more than seven years. Podcasts like Reply All are the reason the category is so oversaturated today. Because they made magic and made it look easy.

Your neighbor may rant about the Saints in his garage and think he’s doing the same thing. I can assure you he is not.

Reply All was a podcast that really meant something. Now that every twenty-something with access to a microphone is blasting their voice across the internet, podcast recommendations are met with an eye roll. Trust me. I get it.

Each episode explores the internet and the parts of our culture that are inspired and influenced by the internet. Super tech-support episodes feature the team going on long journeys to solve listeners’ most pressing technology and internet problems. “Yes, Yes, No” explain a niche internet trend to the CEO of the parent company (Gimlet Media). 

Reply All celebrates the beauty and mystery in life while pausing to poke fun at all of the insane “internet things” we accept as normal behavior. 

If you’ve never listened to Reply All before, I am so jealous of you. You have an entire 189-episode catalog of some of the most entertaining and thought-provoking entertainment at your fingertips. 

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Should I Sell My Car Right Now?

Should I Sell My Car Right Now?

If you sell your car today will you get the best price? Or will you get more money if you wait for the market to go back up some?

Mileage, payoff, and the marketplace give us a look at when you should sell your car.

Table of Contents

If you sell your car today, will you get the best price? Or will you get more money if you make a few more payments or wait for a rise in the market?

To know whether you’ll make more money on your car now or later, you’ll need to know the three Ms:

  1. How’s the market?
  2. What’s my mileage?
  3. How much money do I owe? 

Should I Sell My Car Right Now?

You’re the only person who can say whether you should sell your car now or wait. But you’ll need to consider the three Ms to find out what works best for you — market, mileage, and money (how much you owe and how much you want to make). 

Basically, you get more money when your equity is higher and the market is hotter. But the real trick is finding the time when those two elements are working together. 

If the market is hot, but you still owe a lot of money on your car loan, you may not make as much as you will once the market has cooled down and you’ve paid down the note. 

Sometimes the market is so hot that equity doesn’t matter. Like this year. So far in 2022, people have been able to sell their used cars for more money than the original “new” sticker price, which is almost unheard of.

How’s the Market?

The price of recently sold used cars is the best indicator of what you can sell your car for. Google your car model to get an idea of your car’s going value. Similarly, you can check out what other cars are going for on our marketplace.

Average Car Sale Prices

If you sell your car, you want to ensure you’re getting a competitive price. So take a look at what other similar cars in your area are being bought and sold for.

Supply and Demand

When buyers have many cars to choose from, they can pay less. And when sellers have lots of cars they need to sell, they’re willing to sell for less. When fewer cars exist, buyers are less picky, and sellers can charge more. 

In addition, a reduction in new car supply can cause an increase in used car demand (which can then reduce used car supply and increase used car prices).

At What Mileage Should I Sell My Car?

Too high, too low, or just right?

Once you know where the market is, or where it might be going, you can adjust for mileage and condition. 

Finding the right mileage to sell your car is like Goldilocks and the Three Bears. “Just right” is usually somewhere between 60,000 and 80,000 miles, but that’s not always the case.

If you have a new loan on your car, you may be unable to pay it off with the proceeds from the sale. And you may need to drive it after the 80,000-mile mark. 

What Do Miles Have to Do With Value?

Mileage helps a buyer know the condition of a car and how much money they can expect to spend on repairs. 

A car with low mileage will need new brake pads, tires, and filters (hundreds of dollars). But a car with 150,000 miles may need a new transmission or steering column (thousands of dollars). And those significant repairs can end up costing more than a car is worth.

Mileage also helps paint a picture of how you used the car.

A three-year-old car with 80,000 miles on it may need more scrutiny than an average three-year-old car. 

This Mileage Is Too Low

The lower the mileage, the higher the value. But selling with low mileage may not be the best option. 

A new car loses the most value when you drive it off the lot and then again when the warranty expires. Those things typically happen below 30,000 miles. 

If you buy a car and then immediately sell it, you’ll likely lose money without getting any use out of the car. 

How much is my car worth? Let's find out.

 

This Mileage Is Too High

When your car has more than 100,000 miles on it, buyers will be a lot more critical. 

A light knocking sound is much less problematic at 30,000 miles than 130,000 miles. 

At What Mileage Should I Sell My Car?

Cars stay in great shape past 30,000 miles, but that’s when their value begins to steadily decline year after year.

That’s when you need to decide if you want to keep upgrading to newer models every few years or if you want to get the most use out of your car before selling it.

The balance between maximum use and maximum resale value for most cars is around 75,000. 

Software Engineer II

We are searching for a Software Engineer II to help us enhance and maintain our web app and api. Our engineering team is constantly working to build the tools necessary to support the growth of Carmigo.

The Intermediate Software Engineer will have a unique opportunity to help grow an early stage tech company and will be exposed to our entire tech stack. This position will enhance your leadership skills and push your engineering abilities to the next level.

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Junior Engineer

About the Position: We are searching for a Junior Software Engineer to help us enhance and maintain our web app and api. Our engineering team is constantly working to build the tools necessary to support the growth of Carmigo.

The Junior Software Engineer will have a unique opportunity to help grow a tech company from ground zero and will be exposed to our entire tech stack. We firmly believe that this position will provide unparalleled growth potential for young engineers. This position is not for the faint of heart – A Junior Engineer must be passionate about technology and be driven to make an impact, but if the mentality is there, this opportunity is as good as it gets.

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How Much Money Will You Make?

how much money will you make when you sell your carBefore you decide to sell, you must know how much money you’ll make. 

To know that, you’ll have to determine how much equity you have in your car. Your car’s value and how much money you’d make if you sold it are two different things. Let’s start with a definition.

Simply put, equity is how much money you can get paid for something you own. 

So let’s find out how much equity you have in your car.

What’s It Worth?

You probably know your car’s estimated value by now, so jot that number down. 

If you still haven’t determined your car’s value, google the make and model, and maybe use an online estimate tool. Finally, adjust the number a few thousand dollars either way based on your current mileage. 

What Do You Owe on Your Car Note?

If you still owe money on your car note, your loan payoff amount could be higher than your loan balance, depending on interest and early payoff penalties. Call the bank that holds your auto loan and they’ll be able to tell you exactly how much you’ll owe if you pay in full.

Since your lender is likely holding the title to your car until the loan is paid in full, you’ll need to pay this off immediately when selling your car. 

Other Considerations?

Have you used your car as equity to take out any other loans like a title-for-cash loan? Check with that lender (or try to go ahead and pay the balance) to see how much it will cost you to pay off the additional loan. It will also have to be paid when you can sell.

How to Determine Equity in Your Car

Now for the math, but don’t worry. This is one of the easiest math problems you’ll ever have to do. Add up everything you owe, and subtract it from your estimated sale price like so:

Value – (Car Note + Lien) = Equity

If your car is worth more than you owe, congrats. You’ve got equity in your car, which means you’ll have money left over after the sale. 

With a little bit of saving you may be able to sell your car and pay all your loans in full just in time to shop for a new one. Or you may want to wait until you’ve made a few more monthly payments. 

Shameless Plug: Either way, when you’re ready to sell, we’ll make it easy. 

How to Auction a Car: Carmigo’s Guide to Getting More Money Faster

How to Auction a Car: Carmigo’s Guide to Getting More Money Faster

Learn how to auction a car and you can make more money on your car in less time. Here's the definitive guide for auctioning your car in 2022.

Learning how to auction a car and start selling today

Table of Contents

Auctions match a seller with the buyer willing to pay the most money for a car. This allows you to get your car in front of multiple buyers at once instead of shopping it to individual buyers over a longer period of time. To sell your car faster and for more money, you’ll need to learn how to auction a car. 

You’re not getting a fair-market value if you’re selling a car through trade-in, or a set-price listing online. Well, probably not. Auctions create higher demand and value for your car. 

Does this have you wondering, “Should I sell my car at auction?” If you want more money and less hassle, then yes.

How to Auction a Car

Here are the short and sweet steps for how to auction a car:

Carmigo Auction Service

  1. Find a third-party auction provider.

  2. Make sure you have your title or know who holds it.

  3. Confirm your loan (and/or lien) payoff amount.

  4. Bring your car to the auction or create your online auction listing.

  5. Set your reserve price (the lowest amount you’ll sell for).

  6. Watch the bids roll in.

Auctions are a tool for dealerships, fleet management groups, and rental companies to keep used cars in stock. 

To enter the auction, you would bring your vehicle to a third-party auction provider who organizes the auction, advertises to dealerships, and handles the sale process. 

Look for an auction provider that only charges if you sell. And if you decide to sell your car at auction, remember that a good auction provider will also handle the paperwork and payoff. 

Wholesale auction providers are often organized regionally, so the best way to find the right fit for you may be to do a Google search for something like, “sell my car at auction near me.”

How to Auction My Car Online

Online auctions take the tried-and-true sales method and add convenience for both the buyer and seller. 

Multiple companies offer a way to sell your car online (us included). Companies like Carmax and Carvana are basically online trade-in offers. Those companies make an offer based on their own inventory needs. 

Auction platforms like ours give you the opportunity to participate in a wholesale dealership auction without driving to the auction location and haggling with potential bidders all day. 

At Carmigo, we use a virtual inspection tool to create a listing for your car, list it in a 24-hour auction that includes dozens if not hundreds of bidders, and then arrange for title transfer, loan payoff, and vehicle pickup following the sale. 

The other great thing about our online auction is the ability to set a reserve price which guarantees your car won’t sell unless the highest bidder exceeds your minimum price.

How to Auction a Car And Start a Bidding War

Here is the best part about auctions: If you create a good listing, you can actually start a bidding war.

A bidding war is when two or more bidders are still interested in your car toward the end of an auction. They will then place new and higher bids back and forth until the auction closes or one of them realizes they’ve surpassed their intended budget.

This can be done in a few ways:

  1. By starting your price under what you’re willing to sell to attract early bids and create social proof for other buyers who may have been on the fence.
  2. A clean car shows bidders that the car has been taken care of, so give it a quick wash and vacuum. Maybe throw away those Taco Bell Mexican Pizza boxes, too.
  3. Include pictures of premium features like a sunroof or entertainment system.

Check out our complete list of tips to start a bidding war here.

What a Hollywood Bidding Work Can Teach Us About Selling Cars

One of the best auction stories is that of the movie The Poseidon Adventure (1972). Instead of setting a flat price, or negotiating with one network, they made every network duke it out for the first TV showing of the movie.

ABC’s executives wanted to beat the other networks so they got a little over-competitive. They ended up paying $3.3 million for 1 airing of The Poseidon Adventure and lost $1 million in the process.

Software Engineer II

We are searching for a Software Engineer II to help us enhance and maintain our web app and api. Our engineering team is constantly working to build the tools necessary to support the growth of Carmigo.

The Intermediate Software Engineer will have a unique opportunity to help grow an early stage tech company and will be exposed to our entire tech stack. This position will enhance your leadership skills and push your engineering abilities to the next level.

Read More »

Junior Engineer

About the Position: We are searching for a Junior Software Engineer to help us enhance and maintain our web app and api. Our engineering team is constantly working to build the tools necessary to support the growth of Carmigo.

The Junior Software Engineer will have a unique opportunity to help grow a tech company from ground zero and will be exposed to our entire tech stack. We firmly believe that this position will provide unparalleled growth potential for young engineers. This position is not for the faint of heart – A Junior Engineer must be passionate about technology and be driven to make an impact, but if the mentality is there, this opportunity is as good as it gets.

Read More »

Why Auctions Bring in More Money

Stanford Economist Robert Wilson sums it up nicely:

“People tend to have the impression that auctions are all about competition, but a lot of what we also study is how to design the rules to get an efficient, cooperative outcome.”

Auctions trigger a number of natural human responses that can generate fair-market values for the seller. And sometimes those conditions can benefit the seller by driving the price up.  

And we want you to get a fair price for your car without having to drive from one dealership to the other. Or worse, having to talk to strangers on the Internet. 

Auctions Create Social proof: 

At our core, humans gauge our own personal risk based on the actions of those around us and close to us, and this is called social proof.

A car is only worth what someone will pay for it. But in an auction setting, each bid redefines what the car is worth. The more dealerships bidding, the greater the social proof that your car is actually worth more. 

Imagine you’re shopping for your next car and have narrowed your options down to three. What if two of your friends bought one of those cars and were excited about it, would you feel better about buying that model?

The Principle of Scarcity: 

Scarcity is similarly defined in both economics and psychology: The less access we have to something, the more we value it.

All used cars are different, so your car is unique. When it sells, every other buyer misses out on that particular car. Human beings instinctively value scarcity. 

We wear diamonds and gold because they’re rare. We pay more for limited-edition sneakers. Buyers will pay more for your car, the more unique it is, and in a used car marketplace every car is unique. 

Auctions Leverage Multiple Buyers: 

Setting a competitive price is a great way to start a bidding war.If you have a case of cold bottled water in your fridge, would you pay $1 for a bottle of water from a door-to-door water salesman? What if you saw the same salesman in the middle of the desert and he was charging $10? 

By exposing your car to more buyers, you’re increasing your odds of finding a buyer in a desert. 

A trade-in offer is based on the needs of one dealership. Making the car available to multiple car dealerships with differing inventory needs creates a fairer market price. 

Auctions Create Competition: 

Humans hate to lose. It’s wired into our brains. Because bidders go head-to-head in auctions, your car can play into the human instinct to come out the victor.

The dealerships bidding on your car are essentially competing in a game where your car is the prize. And each bidder is from a different car dealership, so they’re competing on multiple levels.

Auctions Are Time-Restricted: 

Real time means real fast.Restricting time means that the bidders have less time to process, meaning they rely on faster reaction instincts instead of processing more deeply. 

This also plays back into the scarcity principle. There is no second place in an auction, so you have to have the highest bid when time runs out. 

Our one-day auctions ensure that you can sell your car fast, but also gives bidders a hard deadline to make a decision. 

Then Why Do Dealerships Participate?

Dealerships flock to the our auction marketplace because they know we’ll have a diverse selection of cars, including the ones their specific customers want most. 

You got a low-ball offer on your car last time you took it to a dealership because that particular dealership didn’t need your car.

Dealerships in Denver need more 4-wheel drive crossovers than dealerships in Florida. Dealerships in rural Texas need more crew-cab trucks than dealerships in urban California.

Auctions like ours have a large dealership footprint which allows us to match the specific supply with the specific need. 

Should I Auction My Car?

We can’t tell you what’s best for you and your financial needs, but we’ve put together a handy list of pros and cons for auctioning your car. 

Pros

Real-Time Results: The most exciting part of an auction is watching the bids come in, each new bid higher than the last. The real-time nature of an auction also means you’ll get definitive results in a predetermined amount of time. No more guesswork about when you’ve found the right buyer.

No Strangers, No Haggling: Selling your car through classifieds or internet ads is a guaranteed way to get calls and texts from the internet’s strangest strangers. And whether you’re trading in at a dealership or selling to a stranger, you’ll likely have to spend a few hours haggling over price. 

Less Paperwork: Because an auction employs a third party to handle the sale (the auctioneer or auction platform), they’re also going to do some paperwork.. 

Better/Fairer Price: Because auctions have multiple bidders making offers in real-time, the marketplace will typically provide a higher price and, at the very least, a fair price. 

Cons

Less Hands-On: Because a third party is handling the auction, they’ll be setting a lot of the terms of the sale. That doesn’t mean you don’t have any control (you’ll likely set the price and decide when or for how much your car sells). 

Includes a Fee: Auctions charge a fee for their service, but if you find the right one (ahem, Carmigo), you’ll only have to pay a flat fee of $350 after the sale. 

To see a complete list of pros and cons for private sales, trade-ins, and auctions, check out our definitive guide to picking the right sale method for you.

To Auction or Not to Auction?

That’s the question. But now you know how to auction a car. 

And hopefully, you feel equipped to make the best decision for your car and your finances. 

If not, reach out. We’d be happy to auction your car in our marketplace, and just as happy to help you find a different solution that works best for you.

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Cafe 212 Is the Heartbeat of Tupelo

Cafe 212 Is the Heartbeat of Tupelo

Jason and Amanda serve up eclectic hospitality at Cafe 212

Cafe 212 in Downtown Tupelo

On any given weekday, something like 10% of the population of Tupelo passes through Cafe 212 in Downtown Tupelo.

The brightly colored cafe buzzes with the business of the day — artists, bankers, writers, lawyers, contractors, and city employees plotting Tupelo’s future or this weekend’s concert.

It’s hard to spend more than $10 on a single meal, and the food is the perfect amount of fresh and hearty to fuel you up for the afternoon without weighing you down.

They’ll Let You Be a Local Here

But the best part is that the folks at Cafe 212 will treat you like a local (a Tupelocal even) while you’re there.  

Three visits and Jason will call you by your name, five and he’ll have your order memorized. 

“No jalepeños today?” 

What was I thinking? “Thanks for asking. I’ll have extra jalepeños today.”

It’s a Weekly Staple of the Tupelo Diet

The food is simple but fresh. Pick a sandwich or a salad, chips or soup, and add a piece of peanut butter pie or cookie if you’re feeling special. 

It’s so affordable and delicious that there is only one answer, “Do you want to meet me at the cafe for lunch?” The answer is, “Yes.” 

The staff sees nearly every elected official, banker, newspaper reporter, pastor, and small business owner on a monthly (if not weekly) basis.  

Friday’s at Cafe 212 are for Momma’s Chicken Casserole

Order what you want during the week, but Fridays are for chicken casserole. It’s the only day they serve the casserole, a favorite around town. Most people have it marked on their calendars, so be sure to have your order in before 12:30. When it’s gone, it’s gone. 

Don’t fret if you miss the last casserole tray because the rest of the menu is still available. 

If you’re feeling especially festive, the Blue Suede Grill is an homage to Elvis’s favorite sandwich, featuring bananas, peanut butter, and honey on grilled wheatberry bread.

The Best People in Town

Jason and Amanda are truly the best folks in town. They care about their staff and their customers on a personal level. They invest in the community. And they just radiate goodness. 

Tell them the folks at Carmigo sent you if you decide to pop in. 

And if you don’t hit it off with the Cafe crowd, you might not be the kind of person who likes Tupelo. That’s ok. We’re not for everybody. Plus, we like it plenty for the both of us. 

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What We’re Loving: Simple Filter Plan

What We’re Loving: Simple Filter Plan

Simple Filter Plan Will Keep Your AC Cold This Summer

Simple Filter Plan helps us keep our filters clean.

By now, you can guess where this is going: We love Simple Filter Plan because they make life easier, and we love it when companies make life easier. 

How often do you remember to change the air filter in your home’s air conditioning unit? 

Depending on the number of people who live in your house, the climate, the circulation, and your air conditioning unit, you should change your air filter every 30-90 days. 

A survey by The Zebra revealed that more than 80% fail to change their filters regularly, and 29% of respondents never change their filters at all. 

A line illustration of the "hang loose" hand signal.How does Simple Filter Plan help?

It’s so simple. The folks at Simple Filter mail you an air filter wrapped in a single piece of easily recyclable cardboard at the frequency you select. It’s easy to sign up (credit card and address) and even easier to cancel (login and click cancel. No questions asked). 

The best part is that it costs about the same as what you’d pay at the store. Seriously, a pack of 3-5 premium filters can cost more than $50 at Walmart.  Simple Filters start at just under $15.

Even at a competitive price, the best part is that it comes with a built-in reminder. It’s easy to remember to change your filter when there’s a filter sitting there. 

Why Change Your Filters

Your air filters do the critical work of keeping dust, mites, pet dander, pollens, and other allergens that affect your breathing and make you sick. 

Plus, by keeping your filters clean, your air conditioner doesn’t have to work as hard to pull air through, allowing it to cool faster and longer.

As gunk is filtered out of the air being pulled into your air conditioning unit, it sticks in the filter. The longer the filter is in place, the more gunk blocking air from freely flowing through the filter. 

Make it Easy

We try to highlight a company using technology to make things easier for their customers each week. This is the simplest solution to a small problem, but it’s also one less thing we have to worry about. 

Do you know a company using technology to make life simpler? Let us know. 

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Tupelo: Where Elvis Became King

Tupelo: Where Elvis Became King

See where the legend of Elvis began

Statue 3

No matter how much Tupelo grows and changes, it will always be known as the birthplace of the King of Rock’n’Roll — Elvis Presley

Elvis defined what it means to be a global rock star and is larger-than-life in almost every way, but while spending a little time in Tupelo, visitors can see that he was also a regular kid. No more special than any other, less even based on the circumstances of his birth.

He grew up on the “wrong side of the tracks,” walked to school, and worked in the local diner. He sang at talent shows and attended fairs at the fairgrounds, where a life-sized statue of him now lives. 

He got into trouble and skinny-dipped in the local watering hole where kids still swim today. He bought a guitar on a whim at a local hardware store. He strummed it at church. He took a little music from church, a little bit from his neighborhood, and a little bit from his family. The rest is history. 

Birthplace of Elvis - Tupelo, Mississippi

The Elvis Presley Birthplace

The birthplace museum attracts a steady stream of visitors from all over the world, especially around Elvis’ birthday and death day, attracting a reported 50,000 tourists each year. 

The legend says Elvis’s parents Vernon and Gladys were able to build this house in the mid-30s for only $180 but had to move out just a few years later when they couldn’t make payments. They moved a lot over through Elvis’s childhood and eventually to Memphis after Vernon was arrested for forging a check someone gave him for a pig — allegedly trying to turn the $4 check into a $14 or $40 one. 

The museum is set in a beautiful park with impressive statues, and it is a great way to spend a morning.

IMG_0631 8-10-20 Elvis statue in Tupelo at Fair Park

Fairpark Statue

Across the street from City Hall is a “larger-that-life” representation of the King during his 1956 homecoming concert, which was held at the old Tupelo Fairgrounds in approximately the same place. 

The statue is looking toward his birthplace, only a block from the hardware store where he purchased his first guitar. 

It’s a great spot to snap a photo and document your trip.

Driving Tour

The Tupelo Convention and Visitors Bureau assembled a driving tour of some of the significant sites from Elvis’s childhood. 

Included in the 14 stops are the still-operating diner where he worked and ate, Milam junior high school, where he sang to his classmates, and the theater where he shared his first kiss. 

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You Can’t Get Lost on the Natchez Trace

You Can’t Get Lost on the Natchez Trace

A day along the Natchez Trace is a day well spent

Natchez Trace Parkway - Tennessee
The Natchez Trace Parkway is a 444-mile national parkway that moseys (the speed limit is 50 m.p.h.) from Nashville, Tennessee, to Natchez, Mississippi, near the Mississippi River mouth in New Orleans. 

Natchez Trace Parkway, Mississippi

The road is pristine, closed to commercial traffic, lined with lush greenery, and best observed on two wheels or two feet (but a car or RV are almost as good). 

You’re almost guaranteed to see someone cycling the whole Trace on any visit. Or a group of retired bikers who insist on pulling their Harleys over at every historical marker along the way (there are more than 150). 

Natchez Trace Parkway, Mississippi
All along the way, local towns have connected themselves to the recreational highway with hiking, biking, and running trails, making places like Tupelo, French Camp, or Ridgeland great places to stop to stretch your legs and snack.

Natchez Trace Parkway Visitor Center

Carmigo, Tupelo, and the Trace

Carmigo is headquartered in Tupelo, Mississippi, which is also where the Natchez Trace Park maintains its HQ. 

And across from that headquarters (where they host really cool educational events for kids) is a 6-mile hiking trail that dips in and out of local neighborhoods and past historical Native American sites. 

Natchez Trace
How The Natchez Trace Came to Be

The Natchez Trace Parkway began as a series of game trails grazing herds used to travel between vegetation surrounding the Mississippi River delta and the salt licks of the Nashville area. 

From there, the Choctaw, Chickasaw, and Natchez tribes used the trails to hunt and travel between camps. 

Eventually, traders began wearing an even more distinct trail after sailing their goods down the Mississippi River on barges to sell in New Orleans. The barges couldn’t be floated back up river before the invention of steam engines, so they were disassembled and sold for parts. The traders then made the return trip to Nashville on foot. 

In 1801 congress designated the Trace as a postal road and small local roads began popping up on previously foot and wagon warn paths. 

In 1938, Congress decided to begin paving the road, and continued piecemeal until 2005 until it was fully completed. 

Now you can eat breakfast at the Loveless Cafe in Nashville, Tennessee and eat dinner at The Camp right on the Mississippi River in Natchez, Mississippi. 

Emerald Mound - Natchez Trace Parkway

Hit the Road

Whether you live along this majestic parkway, or are looking for a road trip that’s the perfect mix of historical, recreational, and cultural, it’s time to spend some time on the Natchez Trace Parkway. 

Shameless Plug: Are you thinking about getting a new car, but kind of sad about getting rid of your old one. Take it for a day on the Trace, one last ride down easy street, and then we can help you find a new home for it

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What We’re Loving: Sleep

What We’re Loving: Sleep

How Doing Nothing Can Improve Your Life

Sleep requires nothing at all. And more of it can increase our quality of life and work. It’s so easy. So why don’t we do it more?

 

sleep illustration

Are You Getting Enough Sleep? 

Don’t worry about the age-old debate of whether six, seven, or eight hours is best. Every person is different, and so are their needs. 

Only you know if you’re slouching on your snoozing. But chances are you could probably use a few more hours per week. 

We’ll save you the evidence-based arguments and just say we’ve enjoyed a few tracking apps that have helped us think differently about rest.

RISE

Rise Sleep Tracking AppThis sleek app is powered by a bottomless supply of insights into bedtime routines. It also emphasizes everyone’s varying schedules and needs, so you don’t feel forced into a routine that doesn’t work for you. 

And the best part is the way it gamifies sleep to make users want to erase their sleep debt. 

Auto Sleep

AutoSleep sleep tracking app.

This app is less about user experience and more about charts and graphs. AutoSleep monitors all sorts of metrics to help users understand their health and habits to pursue better sleep.

And similar to RISE, AutoSleep tracks debt in a way that helps users plan ahead to stay rested. 

Make It Easy

We are almost all more irritable when we’re tired. So next time you’re wondering if you should tap, “next episode,” or load up the XBOX, remember that tomorrow could be easier. And you could be easier to live and work with. So go to bed. 

 

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Switching to an EV is More Affordable Than You Think

Switching to an EV is More Affordable Than You Think

EV charging stationGas prices have us asking, “Should I switch to an EV?”

Should I switch to an EV? We’re all wondering about it, especially waiting at the gas pump. 

If you can afford the switch, it’s probably worth it. And the good news is that many people can afford the switch now, even if they don’t realize it.

Used car demand and gas prices are at all-time highs, meaning you may be able to break even by swapping your combustion-engine car for an EV. 

That means you’ll be saving on fuel costs immediately. 

Used Cars Sell for More than New EVs

This doesn’t mean every car owner can sell their car and buy an EV with the proceeds. But 2019 and later model cars sold for an average price of $39,000 in the Carmigo marketplace through the first quarter of 2022. 

The Nissan Leaf and Mini Cooper SE sell new for under $30,000. 

On average, Trucks and Large SUVs in the same time sold for more than $40,000. So if you’re regretting your recent gas-guzzling purchase, you can probably sell your car for a premium. 

Charging Beats Fueling

Comparing fuel costs and charging costs has people asking,

According to the EPA, a Ford F150 uses 4.5 gallons of gas to drive 100 miles. And the same agency clocked the F150 lightning at 49 kilowatt-hours per 100 miles. 

(For this conversation, a Kilowatt-hour is simply a way of measuring electricity. There is a real explanation for the meaning, but I don’t know it.) 

So we crunched the numbers ourselves, and fueling is about three times as expensive as charging. That starts to pay for the sticker price differences. 

A report from Zeta paints a fuller picture by breaking down the specific price differences for 16 states.

The report also points out that the electric grid is less volatile than the gasoline market, which we wrote about in our article on gas prices.

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Should I switch to an EV?

Use an online estimate tool to get an idea of what your car could sell for. 

With that number in mind, do a little online shopping to see if any EVs or plug-in hybrids fit in your price range. Keep in mind that the new monthly payment will be offset by significant monthly fuel savings. 

If you can’t make it work yet, don’t worry. Electric vehicles are becoming more and more affordable each year. 

When you’re ready to trade in those wheels, let us find you the best price for your car and handle all the hassle. You can do the whole thing from your phone, and we’ll even pick it up when it sells. 

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Will Gas Prices Go Down?

Will Gas Prices Go Down?

Gas Prices Expected to Fall After a Summer Spike

Gas Prices are out of control at the gas pumps. Photo by Harrison Haines
Gas prices topped  $4.60 at the end of May, putting them more than $1.50 higher than last year. 

Will the madness ever end, or is $5 gas a new normal?

gas pump iconWill Gas Prices Go Down?

Eventually, but probably not until after the summer. Global production has increased month over month since the end of COVID lockdowns. 

Once the summer travel season is over, demand for gas will also decrease, allowing production to catch up with demand finally. 

And several executive orders from the White House should begin to show up at the pump in the coming months. 

Prices Trending Up After COVID Dips

According to AAA (they watch gas prices closer than anyone), the June 6, 2022, average price for gas in the US was $4.86, which is also the all-time high price for gas in the US. Compare that to $4.61 a week ago, $4.27 a month ago, and $3.05 a year ago. 

Triple-A gas price graph. Courtesy of AAA

What’s Causing the Hike?

Pandemic: When we were all locked in our houses during 2020, we quit buying gas. That means oil companies had to reduce oil production to keep their costs down. Plus, lockdown orders mean drilling sites and refineries were already operating at a significantly reduced capacity. Production is only just now returning to pre-pandemic levels.

Texas Production Shortages: According to Newsweek, several disruptions in gulf coast oil refineries drew down US gasoline inventories, causing even higher demand. 

During the month of the deep freeze in Texas, crude oil production dropped by nearly four million barrels per day

War in Ukraine: The Russian invasion of Ukraine has contributed to the increase in fuel costs. War requires a great deal of gasoline, increasing global demand. Plus, the refineries and wells in war-affected areas cannot produce as much. Finally, sanctions against oil-producing countries cause dips in global availability. 

How Do We Fix It?

The White House: President Biden announced a number of initiatives to increase supply, reduce demand, and lower prices at the pump, including:

  • A fee is charged to any company with an oil lease on federal lands that isn’t actively drilling 
  • Coordination with congress to incentivize a switch to electric energy
  • Use of the Defense Production Act to speed the extraction and production of minerals and materials used in electric vehicle batteries. 

Pandemic: As long as we can avoid upticks in COVID cases, production should continue to increase. And as more people move to electric vehicles and the travel season comes to an end, demand will continue to decrease. 

Is Now the Time to Go Electric?

Eclectic vehicles are definitively less expensive to drive, charge, and maintain than combustion-engine vehicles. And they’re more affordable than ever. There isn’t an abundance of economy options yet, but the entry price to EV ownership has ticked down year over year. 

Additionally, newer and popular used car models are selling on the Carmigo marketplace at and above new-car prices. That means you may be able to swap out your current wheels with a much less expensive electric vehicle. 

If you snag a qualifying model, you can earn up to $7,500 in tax credits on your 2023 tax return.

If you’re ready to make the switch, Carmigo can sell your car faster and for more money. Seriously. List within a day. Sell within a day. Carmigo is easier. Please read our reviews for proof.

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