For many, a big part of the American dream is owning a car. It serves as a rite of passage, a coming of age, if you will. Many of us have vivid memories of our parents going to the car dealership with us to get our first car. The first time you held the keys of your very own car may have been something special. Unfortunately, for those of us who have poor credit scores, these dreams quickly turn into nightmares. (more…)
Black Friday is the day after Thanksgiving, and is notorious as a busy shopping day. And while good deal are abound, buying a car is not typically on the list for Black Friday shoppers. But new research from Truecar.com suggests that this day is ideal for getting a great deal on a new car.
Looking at day by day data over a period of several years, Truecar.com suggests that Black Friday is a day when discounts from dealers and incentives from manufactures add up to make it one of the best days to buy a car all year. Although the amount of a discount in the car business can’t be predicted due to the negotiation on the day of the sale, Truecar.com suggests that based on trending data the average discount on Black Friday is 7.5 percent. This figure is substantial considering the average discount on an average day during the year is about 4.7 percent. Of course, Pittsburgh Mercedes-Benz dealers stress that buyers should keep in mind that these discounts vary based on the make, model, and the model year.
Knowing that Black Friday will generate a buying frenzy among consumers, as it does every year, car dealers are trying to capitalize on that trend. Many dealers such as Philadelphia Chevrolet are looking for ways to standout and generate foot traffic on that day. Dealers have typically spent plenty of money on advertising and marketing for that specific day, but after one of the worst years for car sales, many dealers are eager to do more and capitalize on trends.
In addition to the Black Friday hype that may lead to attractive deals, the day also falls towards the end of the month which is great for car buyers anyway suggests Nissan dealers Boston. Throughout the month, dealers are increasingly eager to sweeten the deal. Buying a car at the end of the month is therefore better than buying on the first of the month. Additionally, dealers are eager to move 2009 model year vehicles off their lots completely before entering 2010.
As dealers feel the pressure to meet quotas, move 2009 inventory, and stay in the black, Black Friday will not be the only day that buyers can expect can get a deal on a new car in the near future. (more…)
Leasing a car is a popular method way of driving a car that a person may otherwise not be able to afford. This is precisely why some of the most commonly leased vehicles are luxury cars and sport utility vehicles. Because leasing does not allow drivers to own the vehicle outright, leasing rates are attractive in the short term in order to prevent them from simply buying a new car. Unfortunately, the economy has disrupted car leasing. It wasn’t that long ago when automakers and dealers loved to lease vehicle since it was cost effective for them. Consumers with bad credit at Marlboro Nissan also loved leasing as it wasn’t difficult to get a leased vehicle. Now things are a bit different, and no longer are creditors making money as consumers cannot afford lease payments. To make matters worse, car sales have sunk, further cutting into their profits.
While leasing remained in high demand up until just recently, Chicago Auto Loans believe there are still options for drivers of leased models. Drivers who have lost their job or otherwise cannot afford the high payments of a lease in the current economy still have options to remove the weight of a hefty monthly payment.
Online lease swapping websites are becoming popular options for troubled lessors. These websites, which include LeaseTrader.com and SwapALease.com enable drivers of leased vehicles to sell their lease to someone who is actively looking for a vehicle.
The advantage for drivers says Bad Credit Car Loans Chicago is that they can take advantage of low lease rates from just last year or even earlier. Being able to lock in a low rate from before the economic tumble is just one benefit, as consumers can also get a cash incentive when searching on these websites.
Finding a lease on these websites is free, but most require additional membership or other fees to participate in a lease swap agreement warns Nissan Car Loans Boston. So next time you’re considering a lease, you may want to consider leasing someone else’s lease rather than a new lease. (more…)
