Used Car Dealers St Paul Mn – An amazing idea surprised me yesterday when I was driving on IH-35. I saw a sticker at the new Windsheild Tahoe that read “$ 7,800 discount” at a local Chevrolet dealer. Amazingly, it’s just one of the many discount stickers that cover the windshield of the new Chevrolet model that adorns the highway. Model after model, showroom for the sake of showroom, the price of new cars has dropped.
Thinking used? After reading this, you might want to think new. The rollercoaster economy combined with the enormous need for car makers to increase sales has created unique opportunities for many car buyers. Edmunds.com said it might be cheaper to buy a new car now than a used car of the same type, according to a recent study.
Used Car Dealers St Paul Mn
In recent years, with the economy continuing to grumble and automatic lenders tightening their belts, most buyers flock to used car dealers. And, as we all know, increasing demand generally results in price increases. So, the average price of a 3-year-old used car is now up 11.5 percent compared to last year. However, when used car prices rise, vehicle makers cut their prices drastically.
When I studied this concept further, I found some interesting information. According to Edmunds.com, there are currently 41 cheaper vehicle models to buy new than used, if you compare with a one-year-old vehicle, pay nothing, and finance for 5 years. The same study also revealed 93 other new car models that are no different in cost whether you buy new or used ones. What does this mean for you? Do your homework. You should be able to find some very good new car offers in this market.
Detroit released figures showing car sales in the US stalled. Many producers say their sales are stronger in June compared to last year, but they are much weaker than March, April and May. Toyota sales fell 14 percent compared to May. GM’s sales fell 13 percent, and Ford’s sales fell 11 percent.
The latest statement from carmakers and analysts shows concern that the recovery of the new car market may be pressing the brake pedal. Vehicle manufacturers are moving forward with worries and questions as the economy continues to increase, credit continues to show restraint, and buyers continue to show fear. Who knows what will happen tomorrow? Therefore, it is likely that they will continue to price their merchandise aggressively.
Paul Taylor, chief economist at the National Automobile Dealers Association, said the gap between new and used cars that had narrowed over the past 18 months would continue for “at least another year” in an article by Gregory Karp at the Chicago Tribune. So, if your finances or fears about the future of the economy make you think of being used, you have to do your homework. New may be a better choice.
Pictures gallery of Used Car Dealers St Paul Mn, New Vehicle Prices Falling Below Used
DISCLAIMER: This image is provided only for personal use. If you found any images copyrighted to yours, please contact us and we will remove it. We don't intend to display any copyright protected images.