ConsumerReports.org posted a news item this week titled, “Lessons in Car Downsizing”.  The article cited that many SUV and truck owners might be looking for a smaller vehicle due to the high expense of filling up the tank at the gas pumps.

Consumers who were considering downsizing their vehicles were advised to hang onto their larger vehicles if the trade-in value of the SUV or truck is currently lower than normal due to high gas prices circumstance.

ConsumerReports.org also advised consumers to consider depreciation and amortization: “The longer you own a car, the more years you have to amortize the initial purchase, and the cheaper it will be to own. So if yo ...[more]