Personal Finance Buzz

While buying cars the question one’s confronted with is which type of car is better for one’s situation? It’s a difficult question to answer since one may not have enough information or knowledge regarding cars. Vehicles can be expensive, and buying them can cost a lot of money.

There was a time when car buyers used to hang onto their cars for a maximum of four years then trade them in for newer models. Times have changed as the average age of used cars on the road is approaching eleven years.

If you love cars you will love this money making idea. Did you know you can get paid to test drive new cars at automobile dealerships?

Whether you are looking for the best new cars under $25,000 or the best used cars under $25,000, you have come to the right place. We show you five cars from each of these categories based on price and expected cost to own.

First, a note about semantics.

Some will call it an older used car, while others will call it a clunker or even a piece of junk. These are cars that are mechanically sound, but have certain visual flaws. Often times, an older used car will be given a name, and tears will fall the day the car actually dies.

Most importantly, these older used cars will significantly improve your financial situation.

As gas prices continue to soar, demand for fuel efficient small cars continue to climb. Dealers are having a hard time keeping up with demand for compact cars. Auto auctions have dealers aggressively bidding against each other to win these cars for their customers who demand them.

Looking for cars under $1000? I've got some tips for where to look for these cars and how to know you're not getting a lemon.