There is some good news about high gas prices and a slow economy: They are putting the brakes on vehicle sales, which makes it a good time for shoppers to find great deals on cars.
Among car shoppers, hybrids and subcompacts remain popular because of great gas mileage, but there are many factors beyond fuel efficiency that affect the cost of driving. RoadandTravel.com and State Farm Insurance suggest three simple tips for those shopping for vehicles:
Homework is key - Because sales have been so slow, dealers are competing aggressively for shoppers' business, making it easier to bargain.
Budget blind spots - Car buyers often don't research expenses that can impact the cost of car ownership, including maintenance, financing and insurance.
Insurance options - There are a number of factors that influence insurance rates, beyond car models. Car buyers should ask about discounts for good driving records and good grades for teen drivers.
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