Toyota offering 0% financing on economy cars? Apple cutting the price of its laptops? If you are ready to purchase just about anything (including stocks), there is a fantastic deal waiting out there for you. And hurry now, so you infuse some cash into our economic system!
1. Autos The Wall Street Journal reports that Toyota’s Corolla, which goes for about $15,900 with a manual transmission and $16,655 with an automatic, carries up to a $1,000 rebate in some areas. Customers can also get 0% financing for 36 months or lease a Corolla in many parts of the country for less than $230 a month over three years and a low down payment.
And the discounts are even deeper at the Big 3 auto makers: A 2009 Focus sedan with a manual transmission can likely be had for less than $14,000 after cash-back deals of more than $2,000 in many areas. Ford is also offering 0% financing for 36 months in many cases.
2. Gas Speaking of cars, unless you’ve been under a rock for the last three weeks, I’m sure you’ve noticed that gas prices have decreased by a considerable amount.
3. Electronics In the computing world, if you’re a Mac fan, the new aluminum MacBook starts at $1,299, while the MacBook Pro starts at $1,999. Apple also said it would offer a basic, white entry-level MacBook for $999, $100 lower than before. Many manufacturers are slashing prices on electronics in anticipation of what they see as a gloomy holiday season. Sales of Blu-ray DVD players are already below the $200 mark in many stores.
4. Stocks Before you laugh at the thought of buying into the stock market, look at what Warren Buffett is doing. He recently purchased large blocks of preferred stocks in GM and Wells Fargo. What Buffett does do, and does well, is gauge the intrinsic value of a company, and invest in it at prices well below that. Right now, there are many stocks whose prices are only low due to panic, making them excellent buys.
However, with the good news comes the bad. There are things which are rapidly increasing in price: energy costs such as electricity and heating oil; food prices continue to soar, along with medical costs. We’ve also noticed that the cost of running for president has dramatically increased over 4 years ago. (We just threw that in there to see if you were paying attention!)
Any other good deals out there we missed? Leave us a comment!
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1 response so far ↓
1 Ed // Oct 16, 2008 at 12:23 pm
I’m enjoying your blog, Kristy. Please keep the good information coming! Your book is the best book on Consumer Credit I have ever read.
Credit question: A debt collector purchased a dubious 14-year old debt from a county govt agency that dismissed a fine 12 years ago and never tried to collect it. This debt collection company is now reporting this debt as a current re-aged (2008) “retail” debt–even though there’s been no activity by me on this account for 14 years! What aspects of the FCRA and/or FDCPA are they violating, and what are my recourses? This new and inaccurately listed and expired debt item on my credit file is adversely affecting my otherwise perfect credit history.
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