Used Hybrid Prices Down 25% Since Last Summer
How times have changed. According to Kelly Blue Book, used hybrid prices have fallen 25% since last summer. Lower fuel prices coupled with the recession has slashed demand.
This is a great example of how demand can dictate the price of cars. Now is looking like a good time to consider a hybrid. You always want to buy when demand is low and supply high and that's certainly the case now.
To add icing on the cake, Honda and Toyota have both recently introduced new hybrids. The all new 2010 Toyota Prius and 2010 Honda Insight will be competing head to head during a time when consumers aren't buying as many hybrids.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid