#CarBuyingTips

Using Overstock.com’s search tool, you can look for new cars and used cars in your area with a few mouse clicks. These cars come from local dealerships, not Overstock itself, and certain dealerships have been certified to offer the “Lowest Price Guarantee,” which is basically $300-500 over invoice. Overstock sends these dealerships business, and in turn the dealerships offer their “lowest price.” Now, we all know that in many cases, like an excess of inventory, a good negotiator can get a car below invoice, especially leftover models such as the 2010 Mustang GT, or recently discontinued cars  like the Pontiac G8, which saw base models sitting on dealer lots for months, eventually being sold at a big loss (and a big gain for the customer). The bottom line is, none of this really adds up to excess inventory, just a general agreement to offer a good price with no haggling.

Now that the market is on a tentative upswing, there is no time to waste – one of the positive points about a recession is that new-car buyers are in charge when it comes to making a deal.