Buying a New Car: Crazy or Brilliant?

Posted by Steve Kleber on Dec 15, 2008

Is anyone crazy enough to buy a new car in this environment?

Gas prices are at five-year lows, the big three and lawmakers are talking bankruptcy while automobile inventories are at all time highs.  So what did I do? Bought a new car.

Call me crazy . . . as virtually every brand on the landscape has experienced a decrease in comparative sales this past month. Those who are driving new cars off dealer lots are doing so at significant savings. And with business deduction tax laws subject to change with a new administration . . . I’m considering that maybe I’m not so nuts after all.

This entry was posted by Steve Kleber on Monday, December 15th, 2008 at 11:12 am and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.