Showing posts with label Auto Industry. Show all posts
Showing posts with label Auto Industry. Show all posts

Friday, November 28, 2008

Buyer's Market

"Unwelcome by dealers and buyers, thousands of cars worth tens of millions of dollars...warehoused on crowded port property."

A colleague at work is shopping for a 50" flat screen plasma television this weekend, and I look forward to hearing on Monday what kind of a deal she got.

My 42" cost $1,200 last year, which was a good price at that time.

My advice to my colleague was to wait a week or two, watch the prices continue to fall and negotiate a cash deal on a 50" with a hungry retailer for $750.

Anything seems possible for the qualified buyer in this economy.

I'm almost ready to buy a new car, and I know the model, specs, options and color I want.

I already know that I'm qualified for 0% financing for the full term of the loan, so my conversation with my local dealer will go something like this:

"Here's what I want, and here's what I'll pay for it. How soon can you deliver?"

Somehow, I don't recall previous conversations with new car dealers going like that before.