Once upon a time, people relied on magazines like Consumer Reports before making big purchase decision. Now, people increasingly rely on online reviews. But most experts give those kind of ratings low ratings!
There are several reasons for this. One is that if people have a bad shopping or shipping experience, they tend to blame the product and not the retailer. Second, many consumers are swayed by brand name recognition and are hardly putting these products through scientific testing - the way the consumer magazines do.Thirdly, some products actually have paid people and/or employees to post favorable reviews online. (What? I can't believe everything I read on the internet?)
Those who know say smart shoppers still rely on consumer testing experts and NOT online reviews.
Looking to get a new car?
Believe it or not, the smartest move might be to buy used!
Why? Because of leasing. So many American now lease their cars. Most of those leases are up in 3 years. Plus, leases penalize drivers who go over 10,000 miles a year. The result is an abundance of late model cars with relatively low mileage.
The vehicle information website Edmunds.com estimates that used car prices for cars 3 years old or newer are actually coming down! You’ll find the best deals on subcompact, compact and mid-size cars. In addition, many car dealers now offer extended warranties, some up to 100,000 miles.
If you’re in the market for wheels, remember, you’re in the driver’s seat!