Photo by Elrader
The stock market has been taking quite a beating for the past few months. This very problem has then of course trickled down to the consumer, who in turn has closed shop for the winter so to speak as far as making any major purchases. This in turn has affected car manufacturers who have been having one heck of a time unloading new vehicles into the marketplace. The fact that there is no buyer trickles down to the dealership who is really struggling right now to make ends meet.
While these are very unfortunate events we are living right now, that doesn't mean that there isn't at least a little sunshine peaking through the clouds every now and then. Purchasing a new car, just happens to be one of the rays of sunshine. You see, right now is a great time to take advantage of the struggling dealerships and get in on some of the deals they are slinging in the attempts to salvage what has become a real bad year.What is the Catch?
What's the catch you ask... Well, there really is no catch per say other than the fact that most of these great deals need one important necessity for all this to come to fruition for you. You will need to have a squeaky clean credit report. The Interest rate right now for a new vehicle is low... we're talking about 0 percent in many instances.
Dealerships are especially flexible when it comes to offering these ultra low APR's, because it is nearing the end of the year and they need to unload their remaining 2008 models. They also have found that their customer traffic has been reduced by 50 percent, which means that in order to salvage the remainder of the year, they are going to have to make some sweet deals.
So if you are in need for a new economical car and you have fair credit, now is the time to get in on one of the current deals going on this October. U.S. News and World Report offer a list of the current incentives going on through October 31, 2008 with the big nine manufacturers. Take a gander to see if one interests you...
Current Dealer Incentives through Oct 31, 2008
0% APR on most 2008 models.
0.9% APR financing on most 2008 models.
Up to $4,500 cash back on selected models.
0% Financing on selected 2008 models.
Up to $5,000 cash back, or 0% financing on many 2008 vehicles.
$2,750 cash back, or 0% APR financing on 2008 Mazda6. 0% financing on 2008 CX-7 and CX-9.
0% financing on some 2008 trucks and SUVs (Yup, they are still trying to get rid of those SUVs https://www.treehugger.com/files/2006/03/sales_of_fullsi.php). Up to $5,000 cash back on 2008 trucks and SUVs.
Cash back and 0% financing on many 2008 vehicles.
Up to $1,000 cash back on Corolla and Camry. Up to $5,000 cash back on pickups and SUVs. 0% financing on most 2008s and 2009s.
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