All we hear on the news is doom and gloom. Layoffs, closings, bankruptcies. Buying a car is probably the last thing on your mind. Actually, there couldn't be a better time to buy. Here's why:
Manufacturers have high incentives. Huge rebates. A $22,000 2009 Fusion has $3500 taken right off the top from the manufacturer. That is before the dealer discounts it! In some cases, you can finance these new cars for up to 6 years and pay no interest! Where else, except from a kind relative, can you borrow money interest free for 6 years?
Dealers need trades. When new car sales are slow, the amount of used cars in the marketplace is lower. One of the few things that I remember from my economics class is the law of supply and demand. When supply is low, demand is high. This makes the price higher. Your dealer will pay more for your trade to have a used car to sell on the lot.
Cars are getting more economical. Under increasing scrutiny, car makers are always striving to increase miles per gallon. An increase from 15mpg to 20mpg can save $62 a month when gas is $3 per gallon. In addition, gas is about the only thing you will have to pay for on a new car. Maintenance items like tires, brakes, and batteries are not things you will have to budget for. And if it breaks? It's covered by the manufacturer's warranty.
So....even though times are tough, switching vehicles might just save you a few bucks. If you decide this might be an option for you, please consider us. Thanks.
www.plantationford.com
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