Buckle up, kids. With the economy on the skids, and two out of the three American automakers facing bankruptcy, we’re in a paradox: this could be the best time ever to buy a new car. New car sales are in a deep tank and dealerships are desperate to unload their inventory before their doors close for good. We’ve never seen this level of discounting. Make no mistake about it, there are remarkable deals out there for car buyers who have the financial wherewithal to complete the transaction.
Updated 2/13: The US Senate has moved to sweeten the deals, by tacking on automotive purchase income-tax deductions onto the economic stimulus bill. The auto amendment was adopted with broad support (71-26) in the Senate. While the full stimulus measure has passed both the Senate and the House, there were reductions in the tax break.
The bottom line? Folks who buy a new car in 2009 will be eligible to deduct sales taxes on the purchase. The big if remains …whether funds will be available for those loans and whether prospective buyers will qualify.
MPG-o-Matic Honda Fit Sport Summary: While it’s a good bit pricier then the Chevy Aveo, Nissan Versa, and Toyota Yaris, the Fit Sport trumps the competition with a sporting card, a versatile interior, distinctive styling, and excellent gas mileage.
MPG-o-Matic Nissan Sentra Review Summary: . The Sentra slots in between the entry-level