Overhaulin'

Will the bailout bill lower car prices?

I'm planning on buying a car something this week, but if the current economic condition will lower car prices, I want to wait..? If so, can you estimate how much the price will drop?

Public Comments

1. nope, its due to inflation they will cost more
2. The bail out bill will not lower prices but the economic turmoil will. Dealers are suffering but I don't know that they'll be selling cars at losses. Maybe to break even or a few bucks above. They'd sooner file for bankruptcy protection than sell inventory at losses.
3. No. Nothing to do with it. But the Fed is making money available to banks specifically for car loans. They won't cost less, but the loans will at least be available.
4. No. The bailout does not affect prices. What it does is it puts money back into the car companies so they can keep their Research and Development departments working on new ways to get us out from under oil dependency. It helps keep their pension plans liquid so that their retirees will still get their paychecks and benefits that they depend on. It helps keep the dealers from shutting their doors by lowering their flooring costs. And it helps them keep their manufacturing plants open and running. In short, it helps them to not have to declare bankruptcy and put millions of workers out on the street.
5. Yes, prices will go down..