Financing Deals

"Just $199 per month!"

Back to "The Bell Curve" | << Previous blog "This Is What Really Matters" | Next blog "Ford's Bold Color" >>

Unless you have been living under either a rock or the hood of your (hopefully) classic car these last days, you are aware that there is a severe credit crunch going on. Seems lenders were more than happy to provide credit to people who were less than credit-worthy a few years ago. But it is hard to blame the consumers, as free money is always a tough thing to turn down. That's especially true when it allows a person to drive a new car--one that they probably could not afford on any other day.

The blame falls squarely on the shoulders of the lending institutions, which were so desperate to get their fair share of the credit frenzy they ended up adding fuel to the credit frenzy itself. But the proverbial worm has turned, and making savvy credit and purchase decisions is back in vogue--as is watching the lenders line up for bankruptcy protection! Thanks to the website you are reading right now, the kind of information absolutely necessary for making smart auto decisions is just a few clicks away.

When car shopping, it is always important to weigh the "Cost of Purchase"--or in most cases, the monthly payment--against the "Cost of Ownership." These are two very distinct elements of vehicle ownership and follow very different curves over time, based on the vehicle you purchased. And as we drift into the 2007 model year clearance season, there will be plenty of incentives to make a quick sale. While enticing, be sure to study the Cost of Ownership for the models you are considering to purchase. Sometimes the compact car advertised for $259 per month will be a much better financial value and choice than the other compact car selling for $199 per month. It all depends on what the car is going to cost you to insure, maintain, repair, operate and keep full of fuel over the life of the finance period. Uncovering the best choices in every class is the mission of www.intellichoice.com.

Posted on 2007-09-10 | Permalink | |

Back to "The Bell Curve" | << Previous blog "This Is What Really Matters" | Next blog "Ford's Bold Color" >>