More Videos
- Are Gas Prices Still Scaring Car Buyers?
- Ford Passes Toyota For #2 In The U.S.
- Studs, Duds, And The Musical Chairs In Autoland
- Going Fast. Deals And Models Harder To Find
- GM Enters Stretch Run To Exit Bankruptcy
- Marchionne's Silence Speaks Volumes
- Texting And Driving Worse Than Drinking and Driving
- Ford's Favored Status
- The Electric Car Race Heats Up
- The Big Global Auto Shake-Up
|
CNBC'S MOST SHARED
- 'We're in the Middle of a Crash': Black Swan
- A Goldman Trading Scandal?
- The Rising Mountain of Debt May Be the Next Crisis
- Malaysia PM Speaks to CNBC
- SEC May Reinstate Rules for Short-Selling Stocks
- Alaska Governor Sarah Palin Will Resign
- Latvian Banker Taking Souls as Collateral
- Cuddle Parties Heat Up
- Charting Gold & Crude Oil
- Market 360: The Week's Best & Worst
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
- Plan to Sell General Motors' Assets Is Approved
- BOJ Shirakawa: Japan Corporate Finance Still Tight
- China Reassures on Dollar Debate Before G8
- Obama Heads to Moscow for 'Reset' Summit
- UK Spy Chief's Wife Posts Life on Facebook
- Alcoa to Post Loss — What Does This Mean?
- A Goldman Trading Scandal?
- Partner Re to Buy Paris Re in $2 Billion Deal
- Happiness Is ... Living Green in Costa Rica
RSS FEED
Text Size 
It was a simple question that stirred quite a bit of reaction and e-mails. On Wednesday, I asked you if you think now is a good time to buy a new car, truck, or SUV, and not surprisingly, you are split on whether to take the plunge.
Behind the Wheel Comments: |
William writes:
"I say, go for it. I just got a great deal on a SUV which is politically unpopular right now. I don't think the dollar is going to go anywhere but down from now on, so I say if you have some dollars and you need a car, go for it."
David, who has worked with auto dealers says now is the time to pick the ride you want. He writes:
"Because there is so much inventory just about anyone, with a little persistence, should be able to get almost any American vehicle (and most non-German vehicles) for below invoice price, and still get any and all incentives. I've even seen diesels go out for under invoice, and that was almost unheard of as little as a year ago."
Adam agrees, saying:
"I believe that buying a car now would be a good idea because rates are low and prices are negotiable. With the decrease in rates you can finance something over 4-5 years and have a low enough payment that if things do get worse you don't run a high risk of defaulting."
But, it's the uncertain economy that spooks some of you. Brad writes:
"I say no, do not buy that car/truck right now. Unless you really need one, don't buy. Save your money and pay down your debt."
Lauran agrees writing:
"I easily wait until the good rebates come along. In the meantime, I'll simply drive what I have. Not buy now causes less financial pain for me."
Thank you for the e-mails (yes, that includes you AutoInsider).
My take: if you are expecting dramatically sweeter deals this spring, you are likely barking up the wrong tree. The automakers have already lowered production, inventories are in good shape, and they will cut production again before throwing out huge (sometimes money losing) deals.
Also, if you can afford it, now is the time to buy. The deals are pretty strong, but there's enough softness for you to get dealers to throw in the content and features you want.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes