To Buy a New Car or Used One: That Is the Question

Who doesn't love the smell, look, and feel of new cars? They are truly lovely to behold and they drive like a dream. They also offer superior safety, airbags, anti-lock breaks, gas mileage, technological advances, and state-of the-art options such as global positioning technology, rear seat DVD players, seat warmers, and power locks and windows. Unfortunately, owning such a dream comes at a high price and typically isn't a great way to invest your money, as most cars lose about 25% of their value the second your drive them off the lot.

Because new cars drop in value so dramatically and precipitously, you'll want to shop around for the best new car deals possible before you take the purchase plunge. New car dealers know they must compete for your business, so be sure to get as many price quotes as possible. Be aware that MSRP (Manufacturer Suggested Retail Price) means just that—suggested—which allows for some wiggle room and haggling to get down to a price you're willing to pay.

With the economy still in recovery mode, many car buyers are now searching for used car deals. While used cars don't offer the same sleekness or fuel efficiency—not to mention new car smell—that new models boast, they do offer a good return on your investment. Vehicles lose thousands of dollars in value as soon as you drive them off the lot anyway, so you may as well get the best deal possible! Also, what new cars lack in sleekness, they make up for in retro chic! Some older used cars dealers sell cars that offer human-powered locks and windows, cassette players, and faux wood paneling. Groovy!

Chances are, you may have to make some compromises when you shop for a new car is these challenging economic times. Therefore, it behooves you to search for both new and used car deals before making your purchasing decision.

Some new Ford deals offer new special low pricing incentives. The Ford Taurus is a mid-size sedan that has been lauded with the government's highest 5 star front crash test rating. The Taurus has earned a double five-star rating from the U.S. National Highway Traffic Safety Administration. In addition, it has the highest rating in the NHTSA awards for frontal crash tests.

The new Hondas on the market are shiny, sleek, fuel efficient and just plain fabulous! Buy a Honda Civic and see why it is now America 's best selling vehicle. The Honda Accord is another longtime sales leader.

The new Toyotas on the market—including the Camry and the Corolla—remain some of the best values in the affordable midsize car market. The Camry was the best-selling passenger car in the United States for seven consecutive years.  The Corolla is a trusty, fuel-efficient option that was a top pick among compact cars in the 2009 U.S. News & World Report "Best Cars for the Money" awards.

Once you buy a new or used car, be sure to look at auto insurance quotes. In most parts of the United States, you can't drive a car without having valid proof of vehicle insurance.