Car Prices Blogs - December, 2010

Dealers Sales Spiked During December First Weeks

December 27th, 2010

Auto dealers are very pleased with December sales results. Only during this month, and defeating the expected quantity, around 30% more consumers came to the showrooms resulting in bigger vehicle sales so far this year.

Even though December has always been a strong sales month (due to manufacturers big holiday incentives), it was unsure whether or not dealers would have a good sales month. Well, December has come and is almost gone, leaving dealers and customers with a smiley face. This month is the indicator of a very slow but positive recovery.

Yury Ablin, general manager of Mile High Honda said “This December will be my best month for Acura since September 2008,” “There’s no question that some better sentiment is out there and people are buying. Malls are full.” He sold about 40 percent more new cars than in November. Following Acura, Honda’s numbers were very respectable as well, mostly because of truth effective incentives being offered.

It is a good time to check and compare the best vehicle incentives in the market. Many brands such as Acura, Hyundai, Ford, Toyota, BMW, Honda and Subaru are offering very good deals.

Leasing vs. Buying: Compare Subaru’s Deals for This month

December 17th, 2010

Customers have a though decision to make during December! Subaru is now offering two appealing deals: Lease at super low monthly payments or buy a car with low interest rate percentage. You can choose between the 2011 Subaru Impreza, the 2011 Legacy, 2011 Tribeca and the 2011 Forester.

2011 Subaru Impreza
  • Buying Deal: Car loan incentive of only 1.9 financing for 24 months.
  • Leasing Deal: Car lease of monthly $179 on a 42-month lease. Note that comes with $1,178 due at lease signing. Or, 2011 Subaru Impreza WRX for only $299 a month on longer time frame (42 months) with a $1,998 down payment.
2011 Subaru Legacy
  • Buying Deal: Car loan incentive of 1.9% interest rate financing incentive for 24 months
  • Leasing Deal: Car lease of only $199 per month on a 42-month lease. Requires $1,498 due at lease signing.
2011 Subaru Forester
  • Buying Deal: Car loan incentive of only 1.9 financing for 24 months.
  • Leasing Deal: Car lease offer of $229 p/ month on a 42-month lease. Requires a $1,929 down payment.
2011 Subaru Tribeca
  • Leasing Deal: Only offering a lease deal, but very good one of only $389 monthly payment on a 42-month lease requiring a $3,299 due at lease signing.

To find more incentives on new cars please come back and visit anytime.

Look, Compare, Buy

December 10th, 2010

Make sure you make this coming holiday the best date to find the car that is waiting just for you. Choosing your favorite model should be based on 2 things: absolutely loving the car you want and being able to pay for it.

We want to give you a few tips and advice before you buy your next car:

  • Begin by researching car prices, pick 4 or 5 models you like and compare new car prices.
  • Review reliability ratings as discussed in this earlier blog entry, to avoid added maintenance expenses down the road.
  • Find out the trade-in value of your current vehicle, this amount can be added to your down payment.
  • Start saving for your down payment, you should put down as much as you can afford, preferably at least 20%.
  • Calculate monthly payments based on available auto loans, remember you’ll pay less overall if you choose higher monthly payments. Depending on your credit rating you should pay 7% interest or less.
  • Itemize your monthly bills, rent, credit cars, loan payments, etc. Subtract the total of your monthly bills from 36% of your gross monthly income, this will give you an estimate of the monthly car payment you can afford.
  • Factor in additional costs of purchasing or owning a new car, such as taxes, insurance, and registration fees.
  • Talk to people. Ask people about their experiences with the vehicles you’re interested in.
  • Test drive. Visit dealerships and try multiple vehicles.

Even though this is a lot to consider, it is actually very simple: Enjoy a car that suits your lifestyle without sacrificing your lifestyle.

Low Mileage Drivers Will be Rewarded

December 4th, 2010

According to recent news from Los Angeles Post, California insurers State Farm Mutual and Auto Club of Southern California will be the first to apply this new great policy.

The program is called “Pay-as-you-Drive” and it will benefit drivers that approximately drive less than 2.000 miles a year starting this coming February.

How it works?

The client must provide the actual mileage of the car when signing a new contract or switching to the new program. This will be followed up by personally tracking of mileage used, this will be done, by either company’s personnel of third party services hired to do this job. There is also an option to installed a automatic data transmission device into the car.

The idea behind this? Very simple, the less a client drives, the less risk of having accidents, the lower insurance premiums can be.

Check and compare internet car prices and take under consideration that you can save some some money now if you are in California!