Category: Auto News

If you missed the buzz from the big three North American auto manufacturers, new car prices are the lowest they have been in years. Did you hear that? Lowest new car prices in years!

According to many financial advisors, this is due to the current economic slide on the Dow Jones, Toronto Stock Exchange, and other stock markets around the world. Like the stock market, mutual funds also took a hit this year, causing people to stock pile their money, and look for sound investments.

With new car prices being so low, some manufacturers are still offering a 0% interest rate on new cars prices , or fantastic rebate offers to offset the new car price interest rates, if financing through a financial institute.

The majority of national banks are now offering lower interest rate auto loans on new car prices, as well as used vehicles purchased through the car classifieds, or the buy and sell cars section in your local newspaper, or online websites, but this is only expected to last until the economy turns around, causing the banks interest rates to rise and meet economic expectations.
Word has it, if you are in the market for a new car, many new and used car dealers are willing to go the extra mile and drop their prices to just a few hundred over cost. This makes it a buyers market, and since our economy seems to have improved slightly, many car dealers are still importing both new and used cars for your test driving and purchasing pleasure.

So whether you are looking for new or used, today would be a good time to check our your next vehicle, but if you are in the market for a new car, don’t wait. You cannot beat today’s new car prices!