Posted by bc on September 09, 2008 at 18:47:24 from (75.27.226.227):
In Reply to: OT- economy and cars posted by 26Red on September 09, 2008 at 10:26:37:
I think the timing is about right to buy now. We are in a recession and the car dealers and mfrs are offering discounts. Just bought a new Prius with 50 mpg to replace the 5.4 liter ford expedition with 13 mpg.
Every other time we have been in a recession or near recession, the fed began worrying more about inflation and the interest rates went through the roof. Starting next year with the rocovery, look for interest rates to take off. Hope we don't hit 20% again on cars.
But it still boils down to how bad you need a vehicle.
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