Sweet Deals on New Cars

Slow sales in 2008 mean dealers are desperate to move the merchandise. Bottom line: You call the shots on a new-car deal.

If you’re in the market for a new car, now is a great time to shop. The recession, credit crunch and uncertainty surrounding the auto industry have left dealers stuck with inventory and eager to move cars off their lots. Add in end-of-year and January clearance sales and you’ve got a genuine buyer’s market.

“If you need a car and have the cash or can get the financing, now is probably one of the best times to buy,” says Jesse Toprak, executive director of industry analysis at Edmunds.com. Dealers still have a lot of 2008 model-year vehicles, and discounts are as generous as they’ve been in recent memory.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

, Kiplinger's Personal Finance