Monday, March 9, 2009

Cars.com

Looking for a new affordable vehicle? With the economy the way it is more people are shopping at cars.com. Looking at this article it shows 32 percent of car owners who were once thinking of buying a new car are now looking into a certified pre-owned vehicle instead. That might not seem like a lot to some people, but i am sure the dealerships are definitely noticing. Instead of them being able to sell their new vehicles off the lot they are better off selling a pre-owned vehicle. Consumers at this point are focused on cutting costs to help with the poor economy. This is just one of the many ways to cut costs in our current economy right? Well like it states in the article, the vehicle may end up costing them more money in the long run over time depending on how many months they want to make payments. Currently the average time length acceptable for a loan is 60 months, which is up from 48 months just five months ago. By looking to save and extending loans it will help by making car payments lower and the overall monthly payments as well. But the car might not be worth it in the end, unless it keeps its value. Later in the year depending on how long this trend continues they could write a feature story about this for the paper. If enough attention is attracted to the buying of old cars rather than buying new ones it may be a great feature story to cover. I have looked for a vehicle on cars.com, which was started in 1998 and it is a great site when looking at prices of any type of vehicle. Even though I never found a car I wanted to buy it still lets you know what is out there and what prices vehicles are being sold at and bought for. Not only are there reasonable prices, but you can also get extended warranties or certified inspections with the purchase of a used car. I do however have friends that have bought a car from cars.com and got a great deal in the process, so it can be worth it. Cars.com is the leading online car seller, because it is good at getting information from consumers and experts to help buyers when purchasing a vehicle. Not only that but with good public relations, they can sell lots of cars, while advertising millions on their site at one time.

http://www.prnewswire.com/

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