Is there any feeling like getting a new car? Well maybe a really nice luxury watch…but I would still take the car. For anyone who has been living under a rock for the past 5 months…you may not know what is going on. However for those of us that have not been taking hits from the bong we know that there is no better time to buy a car than right now.
Last week the 3 major OEM’s (FORD, GM, Chevrolet) went back to congress basically begging for another 25 Billion in relief funds so their companies would not fold and go under. Let me break it down like this if you still are not following what I am saying. If you are in the market to purchase a new vehicle, now is the time to do it. Most lease and finance rates are floating between 0-2%. Plus there are huge cash incentives just to take the car off the dealers lots. You can almost walk in these days and cut your own deal.
It would not surprise me to see most dealers go bankrupt by this time next year. Sad for business but great for buyers. If I only had the foreseight to wait till now to buy my car I would have saved a ton. But if you are looking to get yourself into a new vehicle now is the time to do it. Happy shopping everyone.
