Best Bets for Buying a Car or Truck

January 23rd, 2012

Over $10 billion a year is spent on advertising cars and trucks, which results in an endless stream of television, Internet, and print ads promoting the almighty auto. Some of the ads from the automakers are quite entertaining. Check out this one below:

But as entertaining as ads like these might be, they provide little, if any, information that is useful when you are in the market for a new or used car. (Hopefully, your decision on which car or truck to buy will not be based on a partiality to aliens or cute talking dogs.)

It’s the local ads from the dealerships that provide you with some information about your potential purchase (if you can bear to watch them).

 

But as these ads show, the information provided is incomplete, and the fine print is usually so small that it can’t be read.

So before you get sucked in by advertising offers of unusually low interest rates or other special promotions, be sure that you understand all the terms of the dealer’s financing package, and remember that finding the best deal requires careful research and comparison shopping.

For more information on car and truck purchases, you can check out what the FTC has to say.

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