Wednesday, November 19, 2008

AMERICAN-MADE CARS: They are a bargain right now!

If you're interested in finding the best car deals that can be had right now - and there are a lot of them in the current climate - then you already know that buying your vehicle at auction is your best and smartest bet. What probably didn't occur to you is that American made cars, those from GM, Ford and Chrysler - are the best buys in the car world right now. People are picking up late model Chevy sedans and trucks, Ford SUVs and Chrysler minivans at less than $2,000 regularly.

The reason is that people are afraid - and rightly so - that our American carmakers won't be around much longer. Their woes are all over the news. The companies are quickly running out of cash and the bad economy is hammering them. The federal government is weighing a bailout program for the three that now looks like it may not materialize. People are afraid that nobody will be around to make American car parts or service their car in the future. Let me tell you know that these fears are unfounded. A cheap F-150 is a good deal - even if Ford hits some rough patches.

But that's okay. Here's what we have to realize: the only one of the automakers that the government will allow to go extinct is Chrysler. That is a possibility. But Ford and GM will be around. They have to be around. They are, as the cliche says, too big to fail. The government may let the companies fall into bankruptcy, but that only means that the carmakers will be able to reorganize and reemerge from Chatper 11 stronger than when they went in. They will shed their unwieldy union contracts and their pension funds and they will be able to compete with Toyota, Honda and Europe for decades.

Ford and GM have healthy customer bases overseas. Chrysler does not. If Ford and GM go into bankruptcy, rest assured that the government will supply the financing for them to exit. The car parts business and servicing business is a huge and profitable one that isn't going away. Nor are GM and Ford. Even bankruptcy, in this case, won't end these companies' reigns. They will be there in 5 years or 10 years when you need a part or a mechanic.

The moral of the story here: You will never find cheaper cars than right now. And you will never find cheaper American cars EVER. They are screaming to be bought. And there is nothing to be afraid of. These cars are the best American cars ever made, there just aren't enough buyers right now. The car market - and the American carmakers - WILL turn around. We've been through tough times before. In two years, when the automakers have recovered, your move now to buy a Chevy or Ford will look brilliant. Who said you can't get a next-to-new car for $1,200? Whoever said that wasn't living in these strange times. So jump in and make it happen. See my post below where I've rated the best online auction sites!

SEE MY POST BELOW WHERE I'VE RATED THE AUCTION SITES.