Is a Used Electric Vehicle a Bargain or a Trap?
You’ve probably heard the horror stories of crazy-high battery replacement costs for electric cars. Fears of battery failure, limited range and high purchase prices might make you wonder if buying…
Philip Reed
Philip is an automotive expert who writes a syndicated column for NerdWallet. He has appeared on national TV and radio and once wore a hidden camera for ABC News to show how to haggle for a used car. His passion is helping people save money in their automotive budgets.
Posts by Philip Reed:
Is Car Flipping Worth It?
Flipping cars has been a side hustle for years as a way to make a little extra cash. But in an era of rising used car prices and online vehicle…
The High Cost of Smoking in Your Car
Smoking in your car is harmful to you and your passengers, but it also hurts the resale value of your car. Smoking can reduce the car’s trade-in value by at…
How Big Wheels Cost You Big Time at the Pump
Choosing big wheels for your new car — or buying larger rims for your daily driver — will cost more, decrease gas mileage, provide a harsher ride and be harder…
Is Buying a Car a 2-Person Job?
Sure, it’s fun to support your friend when they go car shopping. You get the vicarious thrill of a big purchase and a whiff of intoxicating new car smell. But…
How to Buy a Cool, Cheap Imported JDM Car
If you drive your cute, imported Nissan Figaro to a cars-and-coffee meetup, you’ll be mobbed with fans. Meanwhile, the rich guy across from you is all alone with his Ferrari…
When Your Kid Wants to Buy a Car, Don’t Take a Back Seat
It’s time for your teen to buy a car. You’ll want to set some ground rules. The last thing you want is to put your child into the driver’s seat…
3 Ways to Save After Buying a Car
Believe it or not, there are ways to improve your car deal even after the ink is dry on the sales contract. While you can’t lower the price of your…
Smart Money Podcast: Small Business Benefits, and Buying a Hybrid
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about National Small Business Week. Then we pivot to this…
When It Comes to Your Car Contract, the Devil Is in the Details
As dealers try to boost profits on each car they sell — because current demand far outweighs supply — many are padding contracts with extra fees and products without telling…
