March 17, 2006, Newsletter Issue #33: New or Used?

Tip of the Week

According to Bankrate.com, used cars outsell new cars three to one (probably because used cars run about half the cost of a new car). Both new cars and used cars have their pros and cons. If you are just starting to shop for a car and you aren't sure whether you want new or used, visit Bankrate.com and use the auto advisor interactive tool for guidance.

Bankrate.com asks you a handful of questions and, based upon your answers, makes a recommendation as to whether you would do better buying new or used. Bankrate.com has pages upon pages of information. If you can't locate the auto advisor easily using the navigational menus, simply search on the term "new vs. used car," and select the first item in the search results.

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