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Originally Posted by stephen wilson
I have a related question. I was planning on buying next winter, but if prices are that low, I might buy now. The question is, will prices be just as low a year from now, due to depreciation (assuming the economy improves)?
Thanks,
Steve
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I am waiting a year, year and a half myself too. We're not anywhere near the upturn of this economy, from all the readings, writings and reserach I've looked into, I'd say we're going to be in the same state we're in now in about a year, assuming we hit our low somehwere in between then, and slowly start to climb back up. If we rebound a little faster, then it works out either way 'cause financial institutions are going to be willing to provide credit for people even more so...
+ the cars will be one year older=lowered price