Originally posted by mercman:
The first mistake everyone makes is to refer to cars as an investment. Unless itâ??s a genuine collectable and desirable, they are not.

jeff




I have to disagree. The biggest mistake many people make is not treating a car like an investment. For most people the purchase of a car is a significant investment - probably the second or third biggest investment they will make (behind a house and a college education).

I am shocked at how many people will purchase a car on a whim with little or no forethought. I have even known people who have decided to purchase a particular car becaue they liked the color.

If you get stuck with a lemon without first at least checking out Consumer Reports - you deserve what you get.