Car All
Lower car prices due to all the repossessions due to home foreclosures?
Did anyone see this report that there is a glut of used cars due to all the repossessions because no one can make car payments with their homes foreclosing?
Does this mean you can negotiate lower prices with dealers or they don't care?
Dealers only care about what they paid for the vehicle and what they can sell for at their establishment. With this information about repossessions, if its possible for dealers to buy vehicles cheaper at auctions, then this can lower the retail selling price due to the supply & demand of the vehicle.
The economy is ever changing, and if cars become cheaper in general due to all the repo'd cars, then this discount would also apply for their cost. This happened after Sept 11th because the new cars sold for 0%, which significantly dropped the value of the used cars and had a domino effect for each model year. I hope this helps and it's only an opinion.
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US $6,100.00
