Each year car dealerships all over the country start marking down the prices of new cars to make room for the inventory of the models for the next year. This usually starts in July and peaks in the fall of the year with new car clearance incentives that will put you in the car of your dreams for less than you thought possible.
The fall of the year is a great time for such deals and if you can hold off until December when most consumers are spending their money on the holiday season, you can get the best deal of all because car sales tend to be very slow in this month of the year.
Shopping the new car clearance sales on weekends and in the last week of the month is also an optimum time for great savings. This is because the salespeople are anxious to meet their sales quotas for the week or the month.
Be informed about the vehicles for sale at the different dealerships before you start your shopping for new car clearance deals. If you do not have a specific vehicle in mind you should read magazine and consumer reports about the new cars to find models that are rated as being the best in fuel efficiency and give the best performance. You also need to check the ratings on the level of customer service offered by the various dealerships.
When you want to trade in an older vehicle during the new car clearance, be informed about the possible price you will be able to get for it from a dealership. Check the Blue book price which gives an approximate price based on the condition of the car. It would even be better for you if you can sell your car in a private sale and go into a dealership looking for a cash deal. When you have money to use as a down payment, this will reduce the amount of money that you have to finance.
Financing is also a consideration in finding the best deals in 2008 car clearance sales. Many dealerships offer incentives in financing by offering no or low interest on the repayment. If you do still owe money on the car you are now using, this could affect the amount of the payment if the trade in amount you receive is not enough to cover what you owe.
This amount will be added to the cost of the car increasing what you owe even though the car may not be worth the amount of your outstanding balance. It may also mean than you have a higher payment that you would like to have or can afford.
The price you see quoted on vehicles in a new car clearance does not include taxes. This amount has to be added to the cost as well as insurance and other fees, such as licensing. You will have the option of claiming some of the taxes you pay on your income tax return and you may be able to take advantage of this when you buy a hybrid car. You should check the website of the Internal Revenue to find the models of cars on which you are able to claim the state and federal taxes on a new car.
About the Author
Allison Ryan is a freelance writer from San Diego, CA. She specializes in all types of insurance, including auto insurance. If you are interested in the 2008 car clearance or perusing the new car clearance, please visit http://cheap-insurance-rates.com/.
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