Consumer Reports has put together a list of the quickest depreciating new cars so that you bargain hunters can snatch up a lightly used car for a good price. In case you weren’t aware, new cars take a big hit in depreciation in the first few years of ownership — a smart buyer lets someone else pay that “new car” tax.
Consumer Reports has compiled a list of common car shopping mistakes from their Smart Buyer’s Guide to Buying or Leasing a Car, which, of course, you can find in bookstores.
A federal judge ruled last week that the Department of Justice has until March to establish a used car database as directed by Congress 16 years ago. The National Motor Vehicle Title Information System will warn potential buyers if a used car was stolen or totaled, and will instantly verify the car’s title and mileage. Here’s how it will work…
You’re sick of your SUV and thinking of getting a car that’s new to you, but which ones get the best gas mileage for the price? Consumer Reports has the answer — a list of the 7 most fuel efficient used cars for under $10,000.
At fifty thousand dollars, buying a new Corvette can hurt—but on the plus side, after five years it will still retain a value of around 50% . That puts it among the top 10 best cars for resale value as compiled by CNN Money and based on Kelley Blue Book figures. Or if your budget is smaller, a Honda Civic Sedan costs around $19k and retains 52% of its value.
Patrick is a former used car salesman who grew a conscience. He has three tips to share with us:
Former used car salesman Alan Slone grows a conscience and reveals one of the major strategies dealership use to screw you when buying a new car.
An investigation into the Bill Heard used car dealership reveals a history of complaints over customer intimidation and harassment.
Well, at least they tell it like it is. [NSFW]
Browsing Metafilter, we found this excellent post detailing the smart way to make a purchase from those plaid-skinned abominations who lurk in the primal shadows of every consumerist’s nightmares, grinning their straight razor smiles and beckoning us to sign contracts in bilesome blood: the car salesman.
Did you know that Illinois doesn’t make car accident reports public? So if you Carfax a used car from there, you won’t know it’s already been around the block. Efforts to introduce legislation to change this have failed.