If you are in the market for a new car or truck, now could not be a better time for you to go shopping at the dealerships.
While the automotive manufacturers are suffering with the downturn in the industry, you can take advantage of a fantastic deal on a new car or truck.
The problem in the automotive industry is that as demand has decreased, the manufacturers cannot decrease the supply as quickly.
There are many fixed costs associated with manufacturing cars and trucks.
Manufacturers need to decide if the just idle plants, or they need to shut them completely, for example.
If they only idle a plan, they need to think about how they plan for the future, when the demand for new cars and trucks returns.
Because manufacturers cannot immediately react to changes in customer demand, the automotive industry is currently overproducing.
And this is where, people like you, who are interested in buying a new car or truck can benefit.
There are some fantastic rebates and incentive programs out there.
Use the Internet or go to a few of your local dealers to research the incentives that are currently available before you decide which new car and truck you want.
You will be surprised at the deals and may find that a car that was out of your price range before, now is in your price range.
Whether you go to the dealers or use the Internet, you will find almost all manufacturers are offering great deals.
For example, Chrysler has recently launched "Employee Pricing Plus Plus," which offers 0% financing as well as up to $6,000 off MSRP for customers.
Many manufacturers are offering lower annual interest rates.
General Motors is offering "pull-ahead leasing" where GM will pay up to two months of a GM lease for a customer planning to lease another vehicle.
Even the foreign manufacturers are offering incentives.
Hyundai's is offering a scheme that allows customers who lose their jobs the option of returning their car - for up to 1 year after it is purchased.
Hybrid deals are also being offered to customers.
Toyota is offering customers $1,000 rebates for the Toyota Prius.
This is the same car that had waiting lists that were several months long only a few years ago.
The larger the car, the larger the incentives are.
For example, GM is offering $7,250 as a "customer cash" incentive off the Chevrolet TrailBlazer.
High performance and luxury models also have higher than average deals.
Domestic manufacturers - Ford, GM, and Chrysler - are offering larger incentives than foreign manufacturers in most cases.
No matter which new car or truck you are considering, make sure you research the incentives and rebates that are available for you to take advantage of before you seal the deal.