It’s hard to look for silver linings during a recession, but they do exist.
One of the biggest advantages to consumers in this recession is the drop in prices.
For some items, it’s like one big sale out there. No matter where you look, from buying a home to purchasing school clothes for the kids, it is possible to take advantage of discounts. Consumer Reports offers a look at some of the best recession bargains available right now:
Television. TVs are being offered with deep discounts. Other consumer electronics can also be bought at discount rates. Computers and laptops are especially inexpensive right now. Use a site like BizRate or PriceGrabber to easily compare prices on a number of items.
Cars. Between the new car tax credit passed earlier this year and the recently instituted Cash for Clunkers program, there are a number of government incentives to buy a car. Even with the law's future in limbo, some dealers are accepting deposits for discounted wheels. Also, dealerships are offering great bargains, low prices and special financing.
Furniture. Furniture stores are hard-hit right now, and have dramatically reduced their mark-ups. You can buy new furniture for rock-bottom prices. Look for closeouts to see even better deals. You might even get free delivery.
These deals work best if you already plan to make purchases within a year. Buying just to buy isn’t the best strategy. But if you know you will acquire something in the next 12 to 18 months, you might consider getting it while it’s on sale.
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