For a Car

I am in the market for a car, a used car actually. As I started the process, I realized I know zilch about cars, and was painfully reminded about the concept of ‘Information Asymmetry’. It is highly pronounced in this case. The seller knows pretty much everything, and the buyer is mostly in the dark. And for a buyer like me, with little know how, it’s even more difficult.

I am planning to befriend a mechanic, and start searching and evaluating cars, based on newspaper ads. It’s a lot of hard work. Let us see.