About 789 Chrysler dealers are going to have a horrendous weekend as they rush to sell their remaining cars on hand to meet the deadline prior to being shut down. They have until Tuesday to liquidate their stocks, a task that may seem close to impossible considering the financial situation of their areas of concern.

Brunt of the sales will be used cars and while many of us would think that the best way to dispose of these used cars would be a discount deal similar to that of Circuit City, don’t get your hopes up. It is far from happening.

True enough a lot of dealerships are in for some rough days ahead. And while many of them have been ordered to close, there are some who have defied the order, taking Chrysler to court to add some more headaches for the car manufacturing giant. They’ll remain Chrysler dealerships until the bankruptcy judge issues a ruling.

(Source) WBZTV

Tags: bankruptcy judge, brunt, car inventories, Cars, Chrysler, chrysler dealers, chrysler dealerships, circuit city, financial situation, giant, headaches, judge issues

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For people planning to buy a new car today, the best route to follow is to get the tips from the experts themselves. Knowledge is key says Bill Kay, owner of Bill Kay Chevrolet, Chicago. Do your homework and research. Knowing the price range of what a vehicle is selling for in your area, gives you the upper hand in negotiations. If you purchase a vehicle from a reputable dealership, they should inform their customers of all the available rebates and incentives. You will feel 100% confident in the price when you know the fair market value. This also assures you will never have buyers remorse.

If you are considering a predriven vehicle, it is important to gain knowledge on the vehicle history. Most reputable dealerships will furnish you with a CARFAX report.

When you set out to purchase a vehicle you should know the cost so you can evaluate how it will impact your financial situation. Whether you want to purchase or lease a vehicle, despite popular concerns, financing is available. General Motors offers a wide variety of financing programs to qualified candidates

Verify the auto dealerships reputation in the community. Word of mouth is always the best indication of the reputation of an auto dealership. However, verifying their standing with the Better Business Bureau, also ensures an unbiased opinion. The Better Business Bureau recognized the Bill Kay Chevy Auto Group of Chicago as a recipient of the 2008 Complaint Free Award. For over fifty years, Bill Kay Chevrolet has been a leading Chicago Chevy Dealer with a strong commitment to customer service and satisfaction.

(Source) Press

Tags: auto dealership, auto dealerships, auto group, car buying tips, carfax report, chevy dealer, feel 100, fifty years, financial situation, financing programs, General Motors, kay, rebates, vehicle history, word of mouth

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Car buying seems to be the last thing on the mind of consumers today. However, it also remains that many are voluntarily shying away from it for the fact that it all seems to be a waste of time, no thanks to the tightening financial situation that makes lending harder these days.

Despite challenging credit conditions in the auto industry over the past year, carmakers say financing availability has improved in 2009 as banks have received financial relief from the government. So credit-worthy buyers are getting approved.

The good news, according to Edmunds.com, is that now is a fantastic time to shop for a new car. Most manufacturers are offering great deals, making new cars better deals than many used cars.

To ensure getting great financing options like zero percent offers, or bank or credit union loans, Edmunds advises checking your credit rating before you shop, and make as big a down payment as you can.

(Source) Press

Tags: auto industry, banks, car buying, consumers, credit rating, credit union loans, economic turmoil, financial situation, financing options, great deals, how to buy a new car, zero percent

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