Bankur.com - Personal Finance and Investing Advice » auto incentives http://bankur.com Educating the Masses on Personal Investments Sun, 14 Nov 2010 05:57:15 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 New Car Prices – 2009 models costing less the 2008 http://bankur.com/new-car-prices-2009-models-costing-less-the-2008/ http://bankur.com/new-car-prices-2009-models-costing-less-the-2008/#comments Mon, 13 Apr 2009 02:32:42 +0000 Banker http://bankur.com/?p=175 With the auto industry facing some of the hadest times in decades… maybe ever. The prices on the new 2009 models have been slashed! It seems many of the 2009 models are cheaper than even some of the existing 2008 models. Not to mention all of the incentives that are being offered by the failing auto industry, it seems 2009 and 2010 may be the last effort for some of the auto giants to establish if they will stay in business, or sell to another international car distributor.

Even with all of the price cuts and incentives being offered, the auto makers are just unable to keep up with the deals being offered in the classifieds. Many used cars are going for thousands of dollars less then their blue book value, and the secondary car market is exploding with amazing offers. A great example of this is all of the 6 figure cars, with high end names such as Ferrari, Lamborghini, and Bentley, selling for 1/2 of their “Car Lot” value.

Those not being too badly hurt by the recent economic slump are capable of purchasing used cars, with a higher buying power than has been seen in decades. Begs the question if these same cars will hit the market in a couple of years when the economy turns around for their fair 6 figure value. Many times the only reason these cars are sold so far under value is market hype…

The 2009 model cars are great, but there has never been a better time to pick up that classic you have always wanted, and if your looking at this purchase as an investment then your money will be best spent on an oldie but goodie… Look for a collector sizing down his collection or anyone selling 30% or more below blue book value.

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