Looking to buy a car? Do it NOW
The car market has collapsed. Dealers have bulging inventory of new and used cars that had been priced out of reach. But it's now the end of the year, and they have passed the stage of eager, are now desperate, and will soon be in panic mode to sell. Wholesale prices on used cars have already started to drop at a rate that equates to almost $1000 a week for many models.
Now is the time to buy, but not to trade-in.
I bought one yesterday that was discounted over $5,000 and I got another $500 off that. As pure coincidence, my elder daughter just had a car totaled (for a VERY minor accident), and I'm selling her my old Highlander for the amount of her insurance check.) Win/win/win.
Don't wait. This panic sale will end after Jan 1 when the year-end incentives go away.