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With jobs on the line and daily talk of a recession, those who have been considering a new car purchase are dragging their feet, hoping for an economic upswing—or at least a better deal.
Meanwhile, car dealers are feeling the pressure too. Prices aren’t going to go much lower, as salespeople need to make money, and inventory is already low because not as many vehicles are being shipped. It seems like a no-win situation, but the experts at Edmunds.com have some advice for those who are still willing to buy now.
For those in the market for a new car, often the biggest hurdle is financing. Luckily, many dealers are offering incentives such as cash back or zero-percent financing, especially on large models like SUVs or trucks (yes—you’ll have to check your eco-conscience at the door.)
If you’re not willing to take a gas-guzzler, luxury vehicles from European automakers are also more affordable right now. Whatever you choose, make sure you can afford it and that you really love what you’re driving off the lot! [Edmunds.com]