Consumers, Start Your Engines: There is Still Time to Get a Great Deal on a New Car

From now until the end of 2005, buying a newbuyer incentive program, which has been seen all
car will cost less with low interest rates and buyerover the television this Summer. Certain car
incentives.With interest rates still at historical lows,manufacturers have been offering their
buying a new car is an attractive option. Even"employee discounts" to the general consumer. In
though the Feds have raised the interest ratesother words, the discounted price paid by an
several times over the past eighteen months,employee of the car company has been passed
they are still lower than they were in the 90s andon to the general public. This has been very
are certainly at a favorable rate for greatsuccessful, resulting in an upswing in car sales so
financing. Someone with good to excellent creditsubstantial that the offers have been extended.
who is looking to purchase a new vehicle shouldThese are American companies offering this type
do so now, before the rates go higher.The sale ofof saving. Foreign cars, Japanese in particular,
cars in the U.S. remains very strong, despite antraditionally sell well without incentive
overall decline in many sectors of the nationalprograms.The end of the year is typically a good
economy. Even the red hot real estate markettime to buy a new car anyway. From September
has started to trend downward, but the sale ofon, dealerships are trying to clear off their lots to
automobiles continues to speed on. With theget ready for a new shipment. This, along with
threat of more rate hikes, the cost of the recentthe current low rates and incentives, makes this
hurricane disasters, rising unemployment andtime a great one for buying. Business for car
inflation, the continuing high car sales are andealerships tends to slow down around the
important gauge of consumer confidence.holidays, making for extra consumer leverage in
However, recent indicators show that thatgetting the perfect explores ways in which to buy
confidence is falling, making the last quarter ofa car at the best price and interest rate, and
2005 the time to purchase a new vehicle, beforeoffers tips on finding a low cost auto insurance
the beginning of a new year and a very uncertainpolicy.
future.Along with the low interest rates is a new