Dealers are paying an average of $11,660 for a used car or truck, up almost 30 percent since December 2008. "You're not going to find a situation like this very often," said Jonathan Banks, executive auto analyst for the NADA used car pricing guide.
The run-up in prices for used cars has been so dramatic that it almost odesn't make sense to buy them anymore, said David Whiston, an auto analyst for Morningstar. That's probably a good indication that prices are at or near a peak. "For just a little bit more I can buy a brand-new car," he said. "There's a tipping point. I think we are getting very close to seeing that." Take hte Honda Accord, known for reliability and holding its value. A dealer would sell a 2008 four-cylinder Accord LX sedan in good condition with aobut 45,000 miles on it for $16,175.
With no down payment and a loan at 5 percent interest, it would cost $373 a month to pay off the Accord in four years. But Honda is offering a three-year lease on a new 2011 Accord for just $250 a month. The company will even make the first payment. You still have to pay $600 up front and 15 cents for each mile you drive over 12,000 a year. There are many lease examples and this is just one however, the leading lease opportunities are with Buick, Cadillac and Chevrolet.
Checking prices online is one way to try to figure if you're family can afford a certain vehicle, however the dealer has direct connection to interest rates and all the current incentives. You must stop in and see a Business Manager to get a true picture of what your buying reality is. Right now you will definetly be pleasantly surprised.
Holm Automotive Center is now and has always, looked at any car someone is wanting to trade in or sell out right. Top dollar is given for local trades for many reasons. Call your Sales and Leasing Consultant at Holm Automotive today to see what your options are. How grand does it sound to have a new car with a full warranty and maybe the same payment? Right now, this is not too good to be true. Visit Holm Automotive today, you'll be glad you did. www.holmauto.com