New-vehicle sales could rise by as much as six to seven percent during 2012 according to Automotive News, due largely to the one-two punch of a stabilizing economy and pent-up consumer demand. Here’s why you should join the crowd and head down to your local new-car dealership in the coming months to kick the tires.
1. Low Interest Rates: Those looking to finance a new-car purchase should continue to enjoy record-low rates over the coming year. That’s because the Federal Open Market Committee recently reiterated it would keep the federal funds rate between 0 and 0.25 percent and would likely to remain at those rates until at least mid-2013.
2. High Trade-In Values: Used-car prices should remain at all time highs during 2012, which in turn means equally steep trade-in values that can be used as more substantial down payments on new models.
3. Generous Leasing Deals: Bargain-hunting consumers have been able to take advantage of some truly unbeatable leasing deals in recent months, thanks to an ideal combination of market forces. “High resale values and low interest rates are contributing to some of the most attractive lease deals we’ve seen in years,”
4. Competitive Pricing: While new-car sales are on the rise, analysts say sticker prices should stay competitive over the ensuing months. Some predict it could become a buyers’ market at some dealerships.
5. Improved Products: It’s no exaggeration to suggest today’s cars are better than ever, with an array of new and redesigned models bringing buyers back into dealers’ showrooms in virtually all car and truck classes.
Read more: http://www.forbes.com/sites/jimgorzelany/2012/01/02/five-reasons-to-buy-a-new-car-in-2012/
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