The interesting part of this is twofold. First, even though Car Pal's existence relies on our clients both needing and buying a car, we are ultimately consumer advocates. Therefore, our goal is to save our clients as much money as possible, both in the short term and long term.*
The essence of the press release was this: "Don't buy a car right now unless you absolutely have to." That's right, it is the worst time to buy a car.
Then I decided, I better write a blog about it as well, since not everyone will hear us on the radio.
First, as I always do, I check what news on the subject has already been posted, to avoid close duplication. Guess what was printed at 12:01 am to be exact?!??! Don’t buy that car yet, whether it’s new or used: Production delays and other factors are pushing up prices by Jennifer Waters for MarketWatch! This article was published at the precise moment that I completed my press release!
Controversial article? Absolutely. Because the economy goes 'round best when folks are spending money. However, I am 100% in agreement with Ms. Waters. In fact, she said it so well, now I don't have to (in writing, anyway... I'll wait to talk about it on the news stations!)
So please read her article. The link is there above and you can click here as well to read it.
The good news for you and for Car Pal is, if you simply have to buy a car right now (perhaps your vehicle is no longer working or available due to mechanical failure, accident, total loss or takeover by a now driving teenager or other needy offspring or family member), Car Pal is here to help you save as much money as possible, given the unfortunate news of rising prices of new and used cars, trucks, SUV's and minivans.
*You may recall the interview on WGN Radio Chicago back in March of 2011 where Car Pal urged listeners to use our free fuel costs analysis service to determine that it was also not the best time to buy a car, if the reason was solely to lower overall expenses by purchasing a more fuel efficient vehicle.