Great Deals to be Had in the 2008 Car Clearance

You will always get a good deal on a new car when the dealerships want to clear out their inventory to make room for the cars of the New Year. The 2008 car clearance, though, has been the best one in recent memory in terms of the deals offered to customers. One only has to listen to the news and see the line ups of cars waiting at the docks in San Francisco to see that the sale of cars has diminished to next to nothing. As a result of the global economic situation, car manufacturers are finding themselves in financial difficulty and have drastically cut prices in order to move the cars.

If you watch any of the ads on TV featuring the special deals associated with the 2008 car clearance (http://cheap-insurance-rates.com/auto), you will realize that now is the time to get one of the best deals of your life on a new vehicle. Companies that offer financing of new cars have 0% interest in place so your payments are based on the purchase price only. In addition to this savings, companies and dealerships are throwing in discounts of $2000 and $3000 as well as cutting the cost of the vehicles they still have on their lots.

There are many incentives offered by individual dealerships in order to speed up their 2008 car clearance. It is important to negotiate with the salesperson about the trade in amount you receive for your vehicle, which will reduce the overall purchase price. You will get a better deal, though, if you go in to look for a 2008 car without a trade. You also have to look at a car that has low fuel costs and low maintenance.

The 2008 new car clearance (http://cheap-insurance-rates.com/auto) actually started in July, as it does every year. With so many people losing their jobs, though, car sales did not reach the anticipated levels. Thus, by September, most dealerships were in panic mode with not having enough room for the 2009 cars they had on order. This is when the offers for incentive really went into high gear. Most car dealerships do not have many vehicles of the previous year in stock in January, but this is not the case in 2009. Ads are still running on TV for very expensive 2008 vehicles on which the prices have really been reduced.

Leasing a new 2009 car used to be an option. Due to the credit crunch, many companies have now eliminated this manner of obtaining a new car and this too has impacted the 2008 car clearance. Consumers like the option of being able to lease a vehicle for three or four years and then return it without having to bother with haggling over the price of a trade. The financial state of the “Big Three” is such that a few of them have cut out leasing, although you are still able to lease a car from Ford.

It is not just the car companies of the United States that are having difficulty moving their inventory through a 2008 car clearance. The foreign made cars that are often cheaper in price are also in the same situation. Anyone who can afford the payments on a new car is tending to hang on to their old car just in case there may be changes in their individual financial situation.