The car market is terrible, now's the time to buy!!!

First off, I'd like to apologize for not posting in awhile and for some of the delayed responses to emails I've received. Unfortunately, there hasn't been much to report due to the very big slow down in sales. Secondly, I had to attend to some personal family matters that had me out of town for more than a week.

That being said, NOW is the time to buy if you are in the market for a new (I personally wouldn't go new) or used SUV or Truck. Dealers are practically giving them away! If you're trading in a truck or SUV don't be too shocked when you see the trade in value. Cars are currently selling at auction for over wholesale book, while some of the large trucks and SUV's are selling for as much as $9,000 back of wholesale.

I personally just bought a 2005 Expedition Eddie Bauer addition with 23,000 miles for $4500 back of book and traded my '06 F150 Crew Cab XLT for about $5000 back...OUCH!!! The Expedition I bought is way nicer with the big V8 and I'm very happy. I thought I'd share that with you, just to let you know that even me being inside knew I was going to take a bath on my truck, because I could see what they were selling for at auction. So again, don't be surprised to see little numbers for your trade, but definitely don't pay retail for the new one.

You may want to try and sell your trade in on your own and get yourself more money. If you do I'd Sell your car on Cars.com: reach 65% of online used car shoppers


In the mean time...
Take care and beware,
J the car guy