If you are in the market for new or used car, read these tips before you make a purchase to save money, time and any future problems.

1. Ask this to yourself, are you interested in purchasing a new car or used car. Most new cars will lose value fast in the first 2 years, so buying a two year old car might be the wise decision. If you buy a car that is a lot older, you may get mechanical and repair problems which will not be cost effective in the long run. Unless you want to buy a Toyota or Honda like most Asian, a used car might be a good deal. As there are far fewer used Hondas and Toyotas in market as most original owners will keep it till the car dies. In my 15 years of car buying life, we bought one brand new car, a Honda Civic Hybrid and it ws worth the new car price tag. Rest of our cars have been used car. If you buy a new car, knowing car’s retail value and selling value is important, you can pick a color, cloth or leather seating, and other feature options. Most important two factors that should be looked at is 1) Price of the car, 2) Reliability of the car. Continue reading →