Monday, August 17, 2009

Can we still afford a good car during the recession?

Oh NO! the recession is upon us, wait does that mean we cannot buy new cars anymore?

Of course we can!. If you are one of those people whose wallets have been drained by the recession and now you think you cannot afford a new car, fear not as this post might just help you.

Of course cars like in the posts below, Rolls Royce, Bentley's, Ferrari's and other super car companies they are out of the question, forget the average person even some rich dogs cannot afford these at the moment.



It all depends on what kind of car you would like to buy, a coupe, convertible, sedan, 2 seater, 4 seater, 6 or 7 seater. Some of you might want new cars but your wallets won't agree, that is fine because i feel that you can get better second hand cars than newer first hand cars, for e.g. last week i saw a 2008 Volkswagen Golf for less that $10,000 USD which is extremely cheap especially when i tell you this, get ready it had 10 miles on it, but it was second hand. Therefore never give up searching for second hand car, as you never know what you might find. After you have decided whether you want a second hand car or a new one and ofbcouse the type, which i have mentioned before;here's what to do:

1) If you are brand loyal or you prefer some company as you have been an owner of previously then there is not a problem. You can ring up the company and ask them for any special deals, if you go directly to the showroom, it won't help. Hyundai and Ford are best known for special deals, they will not entertain you on the topic of special deals, as showroom are not made for special deals as at the factory they only have about 10 cars per month that go on special offers as they have been in stock for a while.

2) For some of you insurance will be a major issue, especially if you have a second hand car, especially if you are lucky enough to find a Jaguar or some similar type of 'Luxury car'. If so you do not always have to speak the truth on the phone with the agent, a friend of mine got off by saying that he was a full time blogger and hardly went out of the house. Which got him $5000 USD off the price of the insurance, these small things help a lot.

3) My advice: Look for GM make cars, as we know they have been deeply affected by the recession. Therefore they are currently selling their cars for 1/4 of their original price here is a list of cars and their price range:



$1000- $5000 USD = Subaru R1, Hyundai Atos, Smart Car
$5000- $15,000 USD = Ford Focus, Golf GTI, Nissan TIDA, Toyota Corolla
You can get a lot of cars but these are what i remember being the cheapest.

Also check out these sites, you can then inquire about them.

Of course gas mileage does matter and these makes i have listed below are paying a lot of attention to fuel efficiency.

GENERAL MOTORS - http://www.gm.com/vehicles (check out the Summer Deals section.)
FORD MOTORS- http://www.ford.com
VOLSWAGEN GROUP- http://www.vw.com
HYUNDAI- http://www.hyundaiusa.com/index.aspx
NISSAN- http://nissanusa.com
SUBARU- http://www.subaru.com



Last but not least also try contacting local dealers, they will give you the best deals for sure.

Hope this helps and if you guys need any advice you can contact me on ultimateturbo@gmail.com or just comment below. Thanks a hope this helps. Keep checking back on my upcoming post 'Today's ignored, tomorrow's classics"

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