Beware! New Car Warranty Scam

There is a new car warranty scam out there that is costing many unsuspecting drivers a lot of money. Here's how the scam works:

You get a call one day informing you that your car care warranty has expired and that you are now responsible for any repairs that the car may need. But you are in luck! If you act right now you can purchase a new car warranty at a very low rate. But if you want the deal you must act now. You must give your credit card number and bank account number so that the new warranty can be paid for and set up. You agree and give over the info, never to hear from the so-called warranty company again.

Don't fall for this trick. The Better Business Bureau advises that you should never give out your credit card number over the phone and never trust anyone who is trying to put that much pressure on you to buy. And above all else, never give out your bank account number over the phone.

Read more in "BBB Warns Of Car Warranty Scam."

GM Going Green In American Car Sales

GM recently announced that in order to boost its performance in American car sales it will be investing much of the $9-billion it has saved in cost cuts last year to develop new cutting edge hybrid vehicles, fuel efficient cars and even hydrogen powered cars.

The idea behind this major investment is that it will allow GM to, once again, become competitive with Toyota. GM is staking a lot on the notion that Toyota's recent success has been primarily due to high gas prices. Toyota and GM are currently the biggest powers in American car sales. There will likely be quite a struggle in the next few years, as the two car manufacturers compete for dominance of the American market.

Read more in "GM To Use Cost Savings To Counter Toyota "Green" Car Models."

Compact Car Sales Becoming Safer

It used to be the case that if you wanted to buy one of today's compact cool new cars you would have to compromise the safety of your new car to do so.  But things in the world of compact car sales are quickly changing.

Today's compacts are being made out of stronger materials and with today's cutting edge safety technology.  In fact the federal government has awarded five-star frontal crash ratings to the 2007 Honda Fit, Hyundai Accent and Chevrolet Aveo. However, the Insurance Institute For Highway Safety still warns that compact cars will always be at a disadvantage to larger vehicles.  Because of the sheer mass and size of many of today's large SUVs, it is nearly impossible for a small compact to provide equal protection. Read more in "Compact Cars May Not Be Brawny, But They Are Getting Safer."

Five Cars To Help Save Money On Gas

Gas prices are down but who knows for how long.  It is likely that prices will remain relatively high for years to come.  Because of this many drivers are now becoming increasingly aware of their new vehicle's gas mileage and are choosing vehicles that can help save money on gas.

To this end Buyingadvice.com presents a list five cars that are often not considered for their above average fuel economy.  If you are buying a new car in the near future then gas mileage may be an important consideration for you.  We recommend putting these cars on your list of cars to consider.

Honda Fit - 33 city/38 highway.

Nissan Versa Hatchback - 30 city/ 36 highway.

Toyota Camry Hybrid - 40 city/ 38 highway.

Saturn Vue Green Line - 27 city/ 32 highway.

Chevy Avalanche - 20 city/ 15 highway.

Read more in "Mileage Plus."

Top 10 Cars With Worst Car Trade In Value

While buying a new car that has a low depreciation rate can really increase your car trade in value, buying a car that has a high depreciation rate can cause you to lose a ton of its original value very quickly.  This means that you lose money if you ever decide to sell the car.  Properly maintaining any vehicle will insure that its value depreciates more slowly but some models lose their value quickly no matter what.

Here is a list compiled by Consumer Reports of the Top 10 Worst Cars For Depreciation.  If you plan on keeping your vehicle for a long time then depreciation may not be your biggest concern but if you like to trade in your car every few years then you will definitely want to make the depreciation rate a consideration in your purchase.

Here's the list:

1. Ford Freestar

2. Ford Crown Victoria

3. Buick Rainier

4. Lincoln Town Car

5. Dodge Caravan/Grand Caravan

6. Mercury Grand Marquis

7. GMC Envoy

8. Ford Explorer

9. Buick Rendezvous

10. Chrysler Town & Country

Read more in "10 Best And Worst Cars For Depreciation."