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Sunday
Nov292009

Economic conditions are on the rise, so is now the best time to buy a car?

Contributing writer, Bill Bitterman

  • Traditionally at year’s end automobile manufacturers offer the biggest incentives including many 0% financing deals that might even be tied together with cash back incentives. Lease deals also get stronger at year’s end.
  • Banks are reemerging from the economic down turn; Strong banks and credit unions are back a nd looking for your business by offering lower rates. They have begun to loosen up credit, allowing more and more consumers to get approved.
  • Fuel Economy:  Today's cars are much more fuel efficient and they are also eco-friendly. Just 5 mpg better can save you as much as $14 per month in gas if you drive 1,000 miles a month like most drivers.
  • Dealers are doing everything they can to make their deal the best one out there. This means lower profits which equates to a better price on whatever vehicle he is interested in period!

So to answer the question, is now the right time? We think so.

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