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Tag: car deals

  • Best Car Deals Memorial Day Weekend: Chrysler, Nissan, And Ford

    Looking to buy a car this Memorial Day weekend? Want to get the best deal?

    Look no further than the Kelley Blue Book.

    24/7 Wall Street News said that, according to them, the best deal is the $3,250 cash-back offered if you buy a 2014 Chrysler 300. Coming in at second is the 36-month lease on a 2014 Nissan Altima.

    Third? $5,000 cash back on Ford’s 2014 Expedition SUV.

    Noticeably absent from the list is the General Motors company. In the words of the article they “did not have any vehicles in KBB’s top ten holiday weekend deals. Clearly the company is feeling a bit pinched following its latest recalls and may be testing whether it can still command full price for its vehicles.”

    Dealers are also turning to the Kelley Blue Book to form the basis of any local deals that will come to your area for the weekend.

    Cars themselves aren’t the only thing you can get a great deal on this weekend. Time Magazine ran a list of the best deals this Memorial Day. On it? Car accessories. “Car owners can save a fortune on oil, batteries, parts and washing materials during Memorial Day weekend,” PromotionalCodes said. AutoZone and other car supply stores are expected to lower their prices and offer great deals.

    Not sure what your car needs? AAMCO has offered a checklist for your car before you drive off to get a deal anywhere:

    Battery: Prevent failure by replacing a car battery that’s more than five years old.
    Engine Oil: Increase mileage by up to two percent by using the manufacturer’s recommended grade of oil during suggested oil change intervals.
    Service: Improve mileage by up to 10 percent on simple fixes and up to 40 percent by addressing any major unperformed maintenance or mechanical issues, according to the Environmental Protection Agency.
    Tires: Enhance gas mileage by up to three percent by properly inflating tires to the manufacturer’s specification.

    Not to mention all the other stores and outlets offering deals over the long weekend. It looks like, as usual, for this Memorial Day, you deck out your car and you can deck out you.

    Image via Wikimedia Commons.

  • Year-End Car Deals: Poor People Edition

    Year-End Car Deals: Poor People Edition

    While everyone else is spinning in circles about how great year-end car deals are right now, lots of folks are looking on in amazement. Most people just maxed out their credit cards for Christmas, retailers will be laying off all that holiday help they brought on, and the dreary, grey days of winter stretch out ahead like a long Game of Thrones night north of the wall. The next bit of relief for most folks won’t be until tax refunds start rolling in.

    Who has money for a car right now?

    If you happen to have held on to some spare pocket change, there are indeed deals to be had. But let’s forego the new car dealers, shall we? If what you managed to hold on to was pocket change, you’re not looking for a Toyotathon buy. You’re looking for something slightly better than a beater that will replace that 2002 Camry that is on its third water pump and has thumb tacks in the headliner.

    The good news is, it’s a buyers market, even in the used car circles. When people need money, they sell things. And when they need money badly, they sell things cheap. Hopping on Craigslist or in the local classifieds could net one a decent catch. It’s simple market analysis economics writ small. It’s not hard to find a buy. It’s hard to find the money.

    So how do you do that? How do you manage to have the money to buy when cars are cheap, especially right after Christmas?

    One technique that is gaining popularity is the method that Dave Ramsey promotes. The idea is by no means original to Ramsey, but he does outline it simply and convincingly.

    Even for people who may have enough money – and good credit – to buy a new vehicle and be able to make the payment, this method is attractive for one big reason: depreciation. As Ramsey says:

    “New cars lose 70% of their value in the first four years. When you buy used, the original owner has already eaten the cost of depreciation.”

    The method looks like this:

    Let’s say that you are thinking about financing a new car with payments of $400 a month, just a little below the average car payment. Your current car is worth around $1,500. If you take that $400 and pay yourself, instead of the dealer, you’ll have a $4,000 paid-for-with-cash car in just 10 short months.

    What kind of car can you buy with $4000? A quick local Craigslist search spits out:

    a 2001 Dodge Stealth (2-door), for sale by owner, in great shape, 133,000 miles, with oil change records showing good maintenance for $3900

    a 2000 VW Beetle TDI, owner just bought a new one, pics look good, $4000

    a 2005 Chevy Cavalier (4-door), good shape, $3200

    Now, imagine buying any of the above. You’ll drive that vehicle for only one year, all while saving that $400 a month you would have been paying in car payments. Then you sell that vehicle for $1500. You now have $5,500 in hand for a used car. Hit Craigslist again for something nicer than you have.

    Repeat this process again, and you’ll have a $10,000 car just 30 months after you started saving.

    So when do you start all this? Now. Or if you’re just as low on funds as everyone else, wait for income tax refund time. But instead of blowing that check on a new TV like most people you know – or worse, turning it over to a car dealer – stick it in a savings account and start adding to it until this time next year.

    Then step out and grab those cheap deals.

    Image via Thinkstock

  • Year End Car Deals – Great Time For A New Car

    Who doesn’t love buying a new car with that “new car” smell – and at Christmas, a car is the perfect gift. In light of the deals that are spreading like wildfire throughout the nation, it might also be the smartest time to buy.

    Local dealerships are overflowing with this years models trying to make room for 2014 vehicles, and they’re anxious to move them out… red tagging, negotiating and giving deals like no other time of the year.

    “We have a lot of inventory right now,” said Tammy Darvish, vice president of Darcars Automotive Group, a 21-dealer group in the Washington, D.C., metro area that sells Toyota, Ford, Kia, Chrysler, Volkswagen and others.

    Normally you can get 5 to 6 percent off the sticker price when dealing, but that could rise to 8 or 10 percent this month, said Alec Gutierrez, senior analyst for Kelley Blue Book. That means, for instance, you can get roughly $1,880 to $2,351 off a 2014 Chevy Malibu 1LT with a sticker price of $23,510.

    With U.S. sales increasing and expected to reach 15.6 million this year, compared to just 10.4 million in 2009, it looks like automakers might have the best year in a long economic struggle.

    To find the best prices, dealers say that it depends a lot on what car, SUV or truck you want to buy. The all time best deals now are in the small and midsize cars category.

    Some great deals can also be found in pick-up trucks – Gutierrez stated that Ford is offering up to $8,500 off a 2013 Ford F-150 XLT Super Cab with a sticker price of around $30,000.

    If you wait it out, the model and make you are anxious to take home will be on sale sometime during the year-end car frenzy. It might not start out that way, but bargains are to be had in every car dealer this time of year.

    And timing is everything – wait, if possible, until the very last week of the year for the very best deal of the year.

    If you wait until next year you run some risks. Interest rates may rise and trade-in values are likely to drop a bit, Gutierrez said. “You’re not leaving a ton of money on the table” by waiting, he said. “But really there’s no time like the present.”

    Image via YouTube