Chrysler dealers as many as 788 dealers across USA are trying to dump inventory before franchise agreements expire on Tuesday. With less than 48 hours left, no wonder many dealerships are cutting prices down as much as 50% discount off MSP, like never happened before in the last 45 years of Chrysler history.

Are there any Chrysler dealerships being closed in Canada? So far, there is no word from Chrysler Canada about any possible shut-down of dealerships in Canada. However, for those living nearby the Canada-USA border, a short trip to USA can be worthwhile in seizing the once-in-a-lifetime liquidation sale for Chrysler vehicles. Make sure you find out which dealers are closed out, because only 788 out of 3189 dealers are affected.

Chrysler dealers scramble to unload vehicles
Peter J. Walsh, the owner of Walsh Dodge in Jersey City, N.J., started out selling used cars in his hometown 28 years ago after the birth of his daughter. He slowly built his business, and felt as if he’d finally made it when he earned his Chrysler shingle in 2000.

But on Tuesday, Walsh Dodge will lose that shingle — as will 788 other dealers across the country. Auburn Hills, Mich.-based Chrysler has asked a bankruptcy court for permission to terminate the franchise agreements of about 25 percent of its dealers. Chrysler needs to cut costs, and claims current sales levels don’t justify a network of 3,189 dealers.

Source: AP

Targeted Chrysler dealers in a race to the end
NEW YORK – Hundreds of Chrysler dealers across the U.S. on the automaker’s “hit list” are scrambling to dispose of their inventory by Tuesday when their franchise agreements are slated to be terminated.

Auburn Hills, Michigan-based Chrysler has asked a bankruptcy court for permission to terminate the franchise agreements of 789 dealers, about 25 percent of the total. Chrysler needs to cut costs, and claims current sales levels do not justify a network of 3,189 dealers.

For those facing termination, the last days of selling Dodge, Jeep and Chrysler vehicles have been filled with quick sales at deep discounts, along with sad goodbyes from longtime customers and feelings of dismay and anger toward the automaker they worked with for years.

Source: AP

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Buying cars is not a good investment in the long run, because 99% of the cars depreciate rather than appreciate. As such, when I want to buy a car, I like to buy a new car and use it till it dies, and then buy another new car. Why new cars? Well, I don’t know auto mechanics very well. I prefer new cars to avoid hassles of frequent maintenance, of which the costs can add up very quickly. Furthermore, I live alone; if my car breaks down, it can be very inconvenient. That being said, learning auto mechanics can be very useful skills that can save you money down the road.

2010 Toyota Prius Hybrid

Base Price: $23,500
MPG: 51 city/ 48 highway
You can pay extra for the solar-paneled roof that runs interior cooling fans when the vehicle is parked in the sun and a park-assist feature that parks the car on its own. Prius offers some of the best gas mileage around.

2010 Honda Insight LX

Base price: $19,800
MPG: 40 city / 43 highway
Honda’s latest hybrid sedan looks very similar to the popular Prius. Insight has a cheaper price tag; however, it is less fuel-efficient than Prius because its engine is always on, even when the car is running on electric power.

2010 Ford Fusion Hybrid

Base price: $27,270
MPG: 41 city / 36 highway

2010 Kia Soul

Base price: $13,995
MPG: 26 city/ 31 highway
A very attracting price tag along with fair mileage.

2010 Hyundai Genesis

Base price: $22,000
MPG: 21 city/30 highway
A sporty coupe version carries a price tag that’s $10,000 cheaper than the sedan. Hyundai was the first automaker to offer a layoff protection plan, allowing buyers to return a leased or purchased vehicle should they get laid off. The plan covers up to $7,500 in money owed to the financing.


Reference: SmartMoney

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Airplane Tickets

Best Time to Buy: At Least 14 Days Before Departure
Two week ahead of departure is the minimum to seize a good deal. However, even with this time frame, the quantitiy of low-priced tickets can be limited, and you may not be able to find the desired departure time. To increase your freedom of choices price-wise and schedule-wise, book your ticket as far ahead as possible. Generally, airline companies will email out discount promotions one to three months ahead, so be sure to sign up for their online newsletters. For Christams holiday season, you generally should book a ticket around mid-October. Another thing to be cautious: book tickets in advance only when you know for sure you can travel on the selected dates. Flight rescheduling and cancellation can be costly.

The above information is for causual local traveling. If you want to tour another country, you should consider “traveling packages” from your travel agent. The traveling packages consisted of flight tickets, hotel stays, and bus or car rentals generally offer better bargains than purchasing these items individually.

Gym Membership

Best Time to Buy: July, August, September
The late summer months are traditionally fire-sale season for fitness centers, which see a decline in membership when it’s warm enough to exercise outside.

Designer Clothing

Best Time to Buy: May, December
In the spring, designers are coming out one by one to showcase their fall/winter clothing; in the fall, you will see an array of clothing for next spring/summer.

Jewelry

Best Time To Buy: May, December
Jewelry is often discounted alongside clothing at department stores. As well, you can see more bargains in May and December, right before wedding seasons (July & August) and Valentine (February).

Appliances

Best Time to Buy: Holiday Weekends

Electronics

Best Time to Buy: October to December
Sales and hot deals start from Thanksgiving to New Year’s Day.

Furniture

Best Time to Buy: July, January
Furniture stores offer the best prices, most convenient payment plans and sometimes free shipping during the July and January clearance sales.

USD Currency

Best Time to Buy: Wartime
When USA is at war (eg, Iraq War), there will be increasing demands in many manufactures and service industries to supply military equipment and rations to soldiers.

Oil

Best Time to Buy: Beginning of War
This is especially true whenever the war involves oil-producing countries.

Gold

Best Time to Buy: Depreciation of USD Currency
USD loses its value generally near the end of war. When this happens, investors switch to buying gold to preserve their investments, which in turn causes the price of gold to soar.

Cars

Best Time to Buy: January or February
In general, January or February is the best time to buy a car of preceding year models. Next-year models generally come out around July to September.

For example, 2010 models come out in August 2009. When January 2010 arrives, it will be best time to buy 2009 models becasue dealers will want to get rid of excess stock of 2009 models.

Additionally, drivers don’t want to put a new car through the snow and salt of winter. That means they usually wait until spring to buy, making the historically coldest winter months bargain season.

Real Estate

Best Time to Buy: October to February
Most people buy and sell homes in the spring. That means demand is down during the winter when snowfalls attract fewer buyers. Hence, it is more feasible to snap up bargains during the winter. January is known as the “Depression Month,” where a higher percentage of people get depression and anxiety because people are panicking to pay their bills after excessive spending in Christmas.

Year 2009 is a bit different. Because of the excess supply of homes across the country, spring and summer will offer real estate deals.

Reference: finance.yahoo.com

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