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Financial Goals

Ep. 028: How to Buy a Car with Consumer Reports Auto Specialist Mike Quincy

Whether you're hitting the beach, blazing a trail, or exploring a major tourist destination, Peter Greenberg offers a smarter way to do it on the Better Off podcast.

Articles by Jill Schlesinger

By Jill Schlesinger, CFP®
  |  Published: July 13, 2017

If you live in a big city, it can be easy to forget what it’s like to depend on a car. Urbanites tend to walk, take the subway or bus, ride a bicycle, or hop in a cab to get virtually everywhere.

But I grew up in the suburbs and know the vast majority of you listening to this podcast have a deep, personal relationship with your car. After all, next to your home, your car is one of the biggest assets you’ll purchase in life, which is why you are likely to have a ton of questions that need to be answered.

Where does one turn to learn the best car buying tips? Maybe you have used the Consumer Reports Annual Auto Issue, but, today on “Better Off,” we go one better… we have Mike Quincy, Automotive Specialist at Consumer Reports, one of the pros behind all things car-related at the magazine.

Mike may have the coolest job in the world. He gets to race, I mean drive, basically every car imaginable around a test track and then write the reviews you read…a dream job for a total car geek. With almost 30 years under his belt, Mike has the answers to the most frequently asked car questions:

  • Buy or lease?
  • Sedan or SUV?
  • Which model has the best crash test ratings?
  • Do I need to buy the extended warranty?
  • Which manufacturers should I avoid?

We also discussed which cars are safest for young adults, the reliability of high-end cars like Mercedes and BMW, what the future holds for Tesla and the current state of the legacy automakers here in the U.S.

So as you hit the road this summer and fantasize about a new set of wheels, this episode is a must listen before you walk into that dealership.

This article was originally published on Jill Schlesinger’s LinkedIn.

The opinions stated on the Better Off podcast are those of the host, Jill Schlesinger, and her guests, and not those of Betterment or its employees. Any third party links provided are offered as a matter of convenience and are not intended to imply that Betterment endorses, or is affiliated with the owners of or any information contained on those sites unless expressly stated otherwise. Listen to a preview and subscribe to “Better Off” here.

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