Comments on: Help Jump Start The Economy And Buy A New Car You Can’t Afford

By: Jaxon

Jaxon — Tue, 16 Jun 2009 17:11:28 +0000

I highly doubt dealers are going to sell below the price they paid and you can get close to that using this process my dad swears by: http://excarsalesman.typepad.com/

So there is absolutely no incentive to buy from a bankrupt company. Let alone it isn’t really about price if my car works. Most people will wait until job losses solidify before venturing into the car room.

Just another government program destined for failure.

By: Weekly Wrap Up March 16-22 | Personal Finance Firewall

Weekly Wrap Up March 16-22 | Personal Finance Firewall — Fri, 10 Apr 2009 15:11:11 +0000

[...] at ThePassiveDad covered a local radio ad for a car dealership that was calling for consumers to Buy a New Car to Help Jumpstart the economy.I wonder if the car dealership considered the consumer when begging for their business again. Scott [...]

By: Alger

Alger — Mon, 30 Mar 2009 14:33:05 +0000

What’s amazing is that new car dealers continue to play the same “speak to my manager,” bait & switch games. A colleague recently walked out of a dealership because the game playing was so offensive. Amazing given the backlog of cars at ports worldwide. Amazing and ridiculous.

By: Johanne

Johanne — Fri, 20 Mar 2009 06:28:01 +0000

“Credit card companies are allowed to alter your credit card terms and can increase rates. That new tv you purchased last year for 9.99% interest could increase to 19.99%”

- Very true. This is one fact many ignore.

By: Penelope @ Pecuniarities

Penelope @ Pecuniarities — Fri, 13 Mar 2009 17:53:46 +0000

No way, I would buy a new car (or a “new” used car) only if and when I am sure that I can’t eke one more mile out of my current car, now 10 yrs old…. Knock on wood… Hmm… I’d better take better care of that hulk of metal… Knock.

By: the weakonomist

the weakonomist — Fri, 13 Mar 2009 11:12:14 +0000

Used cars are not a good deal these days. New cars are just sitting on lots taking up space. Both manufacturers and dealers lose big money when new cars are on the lots, so they both have an incentive to move them. Used cars are only owned by the dealer, so there is less incentive to move them.

I was looking at a 2007 Accord last year but found for the same money I could get a 2008 (different model). I went with the 2008 and have already paid off the car. Negotiation is the key here.