March 11, 2009

Plenty of 2008 Models Still Not Sold

Deals on brand new 2008 models still sitting on dealer lots is getting better as the year progresses. Never has there been so many leftover cars.

Manufacturers are getting desperate. Selling 2009 models is more difficult when there are tons of 2008 models sitting side-by-side. Therefore, the rebates and incentives have been steadily increasing. Here are some incredible incentives being offered on 2008 models:

2008 Ford F-150$7,000
2008 Chrysler 300C$5,000
2008 Lincoln Navigator$8,000
2008 Cadillac Escalade$8,500
2008 Saab 9-7x$10,000
2008 Hyundai Entourage$4,000
2008 Nissan Titan$5,000
2008 Toyota Tundra$5,000
2008 Toyota Camry$3,000

Best New Car Deals in California, Florida, and Michigan

If you're looking to buy a new car, you're likely to get the best deal in areas where the recession is hitting hardest in terms of unemployment and foreclosures. The unemployment rate in California, Michigan, and South Carolina are all above 10% now while the foreclosure rate is highest in California and Florida.

On the flip-side, states that haven't experienced high unemployment or foreclosures such as Wyoming, Nebraska, and South Dakota are not having as many problems selling cars. Some dealers in those areas are actually doing better these days than they were a few years ago.

If you live in one of these states, consider that you may save hundreds, maybe even thousands of dollars if you purchase a car in California or Florida. have you been wanting to vacation in these areas? If so, negotiate with dealers in these states, then fly out and drive the car back home. Dealers are usually willing to give exceptional deals for people buying from out of state.

Be sure to use our Car Buying Strategy when negotiating a deal via phone or email.

Dealer Dies While Setting Cars on Fire

Times have gotten so bad for some dealerships, they've resorted to setting their cars on fire (in an attempt to collect insurance). One dealer in Pennsylvania died of a heart attack while torching his vehicles.

The dealer owed nearly $500,000 in taxes which he couldn't pay. When we say dealers are desperate, we're not kidding. These guys are suffering the worst economic conditions since the great depression. If you can afford to buy a new car, this is the time to do it. With dealers desperate, you're sure to get a great deal and help out the economy at the same time.

To see the latest prices and deals being offered by your local dealer Click Here

Car Buying Report Archives:

  Week of June 18, 2009

  Week of June 11, 2009

  Week of June 4, 2009

  Week of May 28, 2009

  Week of May 21, 2009

  Week of May 14, 2009

  Week of May 6, 2009

  Week of April 30, 2009

  Week of April 23, 2009

  Week of April 16, 2009

Incentives Watch:

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