Posted by bc on September 09, 2008 at 18:47:24 from (75.27.226.227):
In Reply to: OT- economy and cars posted by 26Red on September 09, 2008 at 10:26:37:
I think the timing is about right to buy now. We are in a recession and the car dealers and mfrs are offering discounts. Just bought a new Prius with 50 mpg to replace the 5.4 liter ford expedition with 13 mpg.
Every other time we have been in a recession or near recession, the fed began worrying more about inflation and the interest rates went through the roof. Starting next year with the rocovery, look for interest rates to take off. Hope we don't hit 20% again on cars.
But it still boils down to how bad you need a vehicle.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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