How to Spot a Lemon
This sure seems like a good time to buy a car with all the incentives being offered by ailing carmakers. However, a deal isn't a deal unless you were in the market for the item anyway. And I'm a strong believer in keeping vehicles as long as possible. But if you really are in the market for a vehicle, Consumer Reports offers some great advice for avoiding a lemon .
Matt's View
As I've mentioned before, a good source of information about other costs associated with various vehicles is a tool on the Edmunds.com site called True Cost to Own . You may be tempted to buy a smaller car because of its fuel efficiency, but many smaller cars are much more expensive to insure than bigger cars, potentially washing out the fuel cost savings. It's good to take all of the costs into consideration.
This article filed in: Vehicles
Managing Money by The Book
- "I delight in your decrees; I will not neglect your word." - Psalm 119:16
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