5 Car Deals to Watch for in 2011

by Kay Lynn

Jennifer Williams is a writer, turned traveler, turned blogger (allovertech). She has recently traded in her nomadic ways to write about everything she finds interesting from the comfort of her couch. Follow her at @JtotheWilliams.

Car Lot2010 saw some pretty interesting and attractive car deals being offered, and it looks like this trend will continue into 2011. And while it is safe to say that most likely there will be more than five car deals to occur in 2011. The ones listed below look to be among the best that will be offered.

1. Deals on leftover 2010 models will continue to be available, or will be offered, at least for the first few months of the New Year. The selection may be somewhat limited, but when you think about it, some people tend to become less picky as the deals become better.

How the car looks or the features and accessories that are available just tend to take a back seat (no pun intended) when it comes to saving money.
2. Leasing incentives will likely increase as the leasing industry slowly recovers from its troubles of the past few years. This may be especially true if dealers push their efforts to make leasing look more attractive than an outright purchase.

You can expect this to occur more within American car dealerships than with foreign ones, so remember that when you are considering whether or not a lease is right for you.

3. Certain foreign car manufacturers as well as certain domestic ones will continue to offer some of the more attractive deals. If you take the time to do a little research, you can discover for yourself which car companies these are and will be.

Once you find that out, you can start making some price comparisons as well as concentrate on features and accessories that are offered by automakers on both sides of the “pond.”

4. Hybrids will most likely come into their own during 2011. A word of caution is in order here, though. Even though this may sound like a good thing on the surface, especially where the environment is concerned, the increase in popularity will most likely mean that there won’t be that many deals available, at least not any time soon.

Still, if you are considering purchasing a hybrid, 2011 may be the best time to do it as the new models will be rolling off the assembly line, each one different from the others in its own special way. One wonders what 2012 has in store.

5. Easier financing. In some instances, credit restrictions will be lessened, and this could very well happen in the field of car financing. So it may actually be possible to get financing for a new car in 2011, whereas this was not an option in recent years.

If you think this may apply to you, you might want to go ahead and start getting some preliminary price quotes on the model you are considering. This way you will not only have an idea of if you are eligible but also of how much you are eligible for. All these listed deals as well as any others that may occur are all good in their own way, but they still don’t replace being a savvy shopper. Continue to make good comparisons, using online resources and other information sources, while keeping these and other deals in mind.

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{ 5 comments… read them below or add one }

Robert @ The College Investor March 9, 2011 at 7:03 am

My wife and I have been looking at buying a “new” used car for ourselves. The cool thing we have discovered is a lot of dealerships are offering super-low financing on pre-owned certified cars. Many were offering 0.9% for up to 5 years. While we don’t need to finance, it is tempting because I can earn more in a high-yield savings account now.

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krantcents March 9, 2011 at 9:36 am

I might be in the market for a car or two in the next year or so. I like the hybrids, but the battery replacement costs scare me off. I think the value in the hybrids is not there yet, a little too pricey. Everything else is getting very attractive (financing & discounts).

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Sonya March 9, 2011 at 8:40 pm

This post will help when I go to get a car next month, it was very helpful thumbs up.

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Spruce Up Your Finances March 9, 2011 at 11:22 pm

Hybrid deals, I think are going away, as more people are getting into it. Even the tax credit for most manufacturers have been exhausted already, thus, hybrid buyers can no longer get the credit.

The battery replacement cost is really scary, as krantcents have mentioned. One of my friend who has a hybrid went on an out-of-state work assignment for a month but nobody used the car. When he came back, the battery went dead and needs to be replaced. The cost is just so high that he ended up just buying a different car and did not bother buying the hybrid’s battery.

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Bill Birnbaum March 10, 2011 at 5:50 pm

Yes, I’m sure that higher gasoline prices will stimulate sales of hybrid autos. And I’m equally confident that there won’t be any bargains in this corner of the auto market. In fact, I’ll bet that folks will soon be paying thousands of dollars in premium to purchase a Prius. Bill

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