Thursday, May 9, 2013

Why should I buy a used car? Is it a good time to buy?

Is now a good time to buy a used car?

 Interest Rates are Near Zero and New Car Sales Have Filled Dealer Lots with Trade ins

Luck is an excellent arbiter, both good and bad. But for most folks in most endeavors you just can't beat old fashioned timing! And for those folks who are entertaining the idea of replacing their transportation the timing just couldn't get much better. First off with rates as low as low it gets it means that you can drive and own more vehicle than you perhaps thought possible. Simply stated your payments on the exact same vehicle from as recently as a couple years ago are greatly reduced. Slashed by as much as $100. per month in some cases. That could benefit you by freeing up that much for other discretionary spending or allowing a purchaser to get a vehicle with much more equipment or with a more appealing name plate or a year newer. In any event expect to have more choices and better options if you make your move now. Secondly new car sales have been on a torrid pace and the trades that dealers have taken has bloated their inventories to some degree plus flooded the auctions with surplus cars, trucks and SUVs which has driven the prices down, down, down! And choices are over the top.
You can, at this moment find about anything that your heart desires.
I walked the lot at Paul Blanco's Good Car Company yesterday and they have an outrageously diverse selection to choose from. Convertibles, Hondas, Toyotas, F150 pickups, BMW's, VW's, Tahoes, Jeeps, small 3 seat SUV's, Mercedes. Folks it was all there and more. Some were priced substantially lower than what they had been marked just weeks ago because of the sudden bulge in inventory.

How long can this opportunity last? Of course no one can accurately predict that but if history is any indication a buyer's market suddenly turns and becomes a seller's market due to demand given rates and availability as well as price reductions. So my suggestion would be to get a move on if you are so inclined. This is a great time to buy a used car!

Good place to start your shopping would be to click on

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