December 22, 2004 10:44 AM
Holiday Car Shopping
Excerpt: The presents are all unwrapped. The egg nog is finished. The kids are playing with their new toys. So what do you do while you wait for the new year? You could go car shopping.
The presents are all unwrapped. The egg nog is finished. The kids are playing with their new toys. So what do you do while you wait for the new year?
You could go car shopping.
"Most anyone will tell you that this time of the year is the best time to buy," said Charlie Vogelheim, executive editor of the Kelley Blue Book.
As auto dealerships try to clear out inventory and meet annual sales goals, shoppers have an opportunity to strike great deals. Here's how:
Be realistic: First, the bad news. Even during the last week, there won't be great deals available on every car. Car dealers are unlikely to let hot models like the Chrysler 300C and the Ford Mustang go for much -- if any -- less than full sticker price.
Look for the old stuff: If you're still hoping to score a deal on a 2004 model-year car, the problem will be finding one with the color and options package you're looking for. But if you find one you like, bargain hard.
When the 2004 calendar goes down and 2005 goes up, a 2004 model year car will immediately lose about 25 to 30 percent of its resale value, said Mike Hudson, consumer advice editor for the autos Web site Edmunds.com.
"You should expect some of that 25 to 30 percent off right away," he said.
READ FULL STORY ...5 Tips: Buying A New Car - Jan 15, 2005
Reinventing The Wheel (And The Tire, Too) - Jan 03, 2005
Largest Used-Car Dealer? You'll Be Surprised! - Dec 27, 2004
Cutting Auto Costs With Car Sharing - Dec 27, 2004
8 Top Auto Maintenance Myths - Dec 19, 2004
Buy a New 2004 or a 2005? - Dec 17, 2004
Bargains On Stranded Cars - Dec 02, 2004
Tips For Saving Fuel - Nov 26, 2004
Leasing Demystified - Nov 26, 2004
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