Allykat's Tales
For some reason, a lot of people think that financial crises are not a good time to be making large purchases. This cannot be further from the truth – financial crises and recessions are usually the periods when the most opportunities are available, because there are very few buyers and a large number of sellers. Everyone is trying to sell things during a recession, but very few people are buying, and so the sellers are forced to reduce their prices. This is particularly applicable to the world of the automotive industry – new car sales during the peak years of the recession plunged to historically low levels, because nobody wanted to purchase a new car when they could capitalize on massive savings by purchasing a pre owned vehicles.
Repossessed cars also shot up in stature, and almost every repo depot did a roaring trade, because they were able to sell repo vehicles for a fraction of their original cost. If you are looking to purchase a vehicle within the next few months, you should probably consider a repossessed car, because they offer the kind of savings that you simply cannot get with a new vehicle. The last few years have also seen the rise in popularity of some very non traditional avenues of purchasing cars, such as police car auctions. Many people balk at the idea of buying a police vehicle, but the fact is that these vehicles are usually superbly maintained (with public tax payer money, of course), and are generally retired long before they have hit their recommended levels of use. Detective cars in particular represent a huge savings opportunity, because these vehicles are rarely involved in any high speed chases or other debauchery, and are generally in top physical condition.
Don’t take anything for granted, however – you should always take a mechanic with you to inspect vehicles before you even consider bidding on them. The last thing you want is to be stuck with a vehicle that runs into expensive maintenance issues.
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