Friday, December 26, 2008

The state of the auto industry.

With the economic downturn, there has never been a better time to buy whatever you have been putting off purchasing. Why? Because everyone else is putting it off, too.

It is a buyer’s market and for those smart enough to realize that interest rates and prices cannot go much lower, there is money to be saved. By purchasing a house or car now and locking in the low rate to take advantage of even lower pricing, people can save tens of thousands of dollars off luxurious items they wouldn’t normally be able to afford.

Here’s just a couple of examples from our dealership, Alpha Auto Finders.

2008 Cadillac DTS - MSRP: $48,540, Retail: $29,825
Sale Price: $21,995 (That’s a savings of $26,545 off MSRP and $7,830 off retail)

2007 Mercedes CLK 350 - MSRP: $52,445, Retail: $42,845
Sale Price: $35,995 (That’s a savings of $16,450 off MSRP and $6,850 off retail)

Be careful, though. There’s a lot of both houses and cars that have hidden issues. For houses, use a reputable inspection service before getting too serious.
Do the same for cars. Get a CarFax history report and have a mechanic you trust look over the vehicle before purchase.

Please feel free to ask questions.
-rocky

Posted by RockySalim at 23:29:43
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