Follow Us: Google+
 
Bankrate.com

smart spending

5 ways social networking sites save money

Let peers help you choose a car
Next
5 of 7
Back
text

Car shoppers can now tap into group wisdom to help you save money on your car-buying decision. Sites such as Honk and CarGurus lean on a network of car-loving friends to dish out information. And it's free to sign up.

Dashboards, which are pop-up control panels, are used on Honk to track favorite cars, while a search engine on the site matches you with cars most suited to your lifestyle.

"Honk captures social information," Honk Chief Executive Tom Taira says. "It's collaborative decision making."

CarGurus has more than 600,000 users who post reviews, pictures and opinions about cars. Digital Trends' Mokey believes that both sites are best suited to used-car searches. "People are inclined to justify their purchases," he says.


 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Rates
advertisement
Most Read
  1. 8 eerie ghost towns
  2. Headlight requirements by state
  3. Nick Nolte's house for sale
  4. 6 tips for successful yard sale
  5. Social Security traps to avoid
  6. 7 sedans for the young at heart
  7. 10 cars for a midlife crisis
  8. Ali Landry's house for sale
  9. 7 Social Security benefits
  10. 5 car models that lose value
advertisement
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.