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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.