Many investors are aware that the domestic automakers are startlingly cheap today, but the real question is, which one is a better buy for your money?

General Motors looks cheaper by a hair, but Ford doesn't have the same overhang of government ownership as GM, and its management has demonstrated a high level of competence in navigating rough waters. 

As a shareholder of both companies, Austin says in the following video that he thinks both are a buy, but that General Motors may be a better place for new money today.

Austin Smith owns shares of General Motors, AIG, and Ford. The Motley Fool owns shares of AIG and Ford and has options on AIG. Motley Fool newsletter services recommend AIG, Ford, and General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.