CarBuyingTips

When car buyers take possession of a vehicle before their financing arrangements are complete, they're risking a big money mess if the loan falls through. And some less scrupulous dealers will take advantage. Here's what you need to know to avoid the yo-yo financing trap.

Would you buy a house because one-fourth of it suited you needs? Then why buy a car solely for its gas efficiency? According to Consumer Reports (subscription required), fuel only accounts for 26% of your overall vehicle cost. Depreciation claims a huge 46%, interest on your loan 12%, insurance...