Congratulations Graduates! Now It Is Time For You To Suit Up AND Get A Car

MSN Autos reports:

If you're among the roughly 1.5 million people who will graduate from college this year, we congratulate you. Now it's time to roll up your sleeves, defy the post-recession odds and land a decent job. It's also time to consider buying your first brand-new car.

That unreliable clunker you've been keeping on life support since sophomore year just isn't going to cut it in a world where tardiness can get you fired and appearances are important. While a nice used car can be a smart financial move, it's currently a seller's market when dealing in pre-owned vehicles. Thus, prices for well-maintained older models have been steadily rising and supply is growing smaller.

The opposite is true when it comes to buying a new vehicle. Supplies are plentiful, carmakers are cranking up zero-percent financing and subsidized leases to boost lagging sales, and struggling dealers are making deeper concessions than ever before...

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thstone - 4/12/2010 8:27:10 PM

+2 Boost

Lol! Good one! I liked the joke about them finding jobs after graduation!

Janizary - 4/13/2010 1:03:18 PM

+1 Boost

Given graduates are having one of the most difficult job markets to even look for employment in, buying a car might be a bit high on the difficultometer at the moment.

commander104 - 4/13/2010 5:29:43 PM

+1 Boost

1st: all the financial advice sites will tell you to buy used--even if you can afford new, put the payments you would otherwise make into interest bearing accounts. i.e. avg new car $25K, after a few years of payments w/interest you'll have a $29K used car. Doesn't make sense to buy new.

2nd: since it's an MSN article I can't believe they didn't try selling the cars w/SYNC in the column.