(CBS) No matter what your budget, there is a new or used car out there for you. It's finding the right model, however, that can be tricky. Kelli Grant, Sr. Consumer Reporter for SmartMoney.com, has some tips for finding your new ride.
If you're on a tight budget, common knowledge would tell you to look at used cars as apposed to new models. However, Grant says buying used isn't always the best option. "Now, demand for used cars has pushed up prices at the same time that new cars are seeing record incentives, 0% financing - even a sales tax reduction," says Grant. Weigh your options before you sign on the dotted line. That new car may not be out of reach. If you can help it, though, do your best to avoid buying '08 models. Grant advises that with the New York Auto Show going on, '08 models are now almost two model years old. "Any 2008 models you buy, they're really not going to resell very well. You're better off spending a little bit more for the '09's or the 2010's," says Grant. Read More at cbsnews.com