This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Buy a Car at Fire-Sale Prices

Need a car for home or work? You're in luck.

Dealers are struggling to sell cars in this mess of an economy, and that means there are plenty of great deals. Provided, that is, you can afford to buy a car in the first place.

Despite the hot deals available, coming up with the cash to pay for a new car or SUV is more difficult than it was a few months ago. Reason: The credit crunch has meant belt-tightening at lending departments around the country.

But even though dealers aren't offering as many no-money-down deals as they used to, there are still options when shopping for a new car. If you own your own business, you have a chance to save thousands of dollars. Here are a few tips to make sure you stretch your hard-earned dollars to buy the car of your dreams.

Shop around: Dealers exist in the same economic reality as any other retailer, which these days means slumping sales, rising inventory and trouble accessing credit. Dealers pay interest charges on cars sitting on their showroom floors. The longer it takes to sell a car, the more they pay. Dealers paying the most interest will be the most eager to unload cars at fire-sale prices. That means deals will vary from dealer to dealer, so it is worth shopping around.

The easiest way to compare prices is to search online using Web sites like Cars.com or AutoTrader.com. You can search for a specific make and model based on your ZIP code. Make sure you understand what options are included in a quote. A quote $1,000 higher may still be a better deal if it includes the six-CD changer, sunroof and fog lights you have always wanted.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $132.54 0.88%
FB $80.54 0.07%
GOOG $540.11 -0.44%
TSLA $247.73 0.86%
YHOO $43.48 -0.44%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs