The auto industry has been hit hard and new car deals can save you thousands of dollars. Issue is that even if a car is reduced $10,000 it is still not affordable for over half of the US population. The cash for clunkers program seemed to help some new car buyers but the true affect that had on sales is still being debated. Ford and Honda reported a boost in sales but GM and Chrysler lost out due to their lack of smaller fuel efficient vehicles. Kind of makes it obvious why Ford and Honda both did not need bailout money to avoid bankruptcy.

The state of the auto industry is still being decided. Of course there will be new car buyers now and in the future, but there will be millions less than there were prior to the recession. The good news is that the used car dealers should see an increase in sales over the next 3 to 5 years. As the economy rebounds we will still see high unemployment numbers and many US families faced with lower household incomes. Unemployment rates do not tell the entire story due to the fact that many Americans are forced to take part-time positions, pay cuts or forced into early retirement. Each one of these factors creates a lower household income but does not reflect in unemployment numbers.

This drop in household income is going to turn new car buyers into used car buyers. In the end there is nothing wrong with a good used car. Used car dealers better be ready to capitalize on this expected trend, it may be a once in a lifetime opportunity.

Consumers shopping for a good used car may be able to find great deals on trade ins at your local new car dealership or search online. Finding a good used car online is very easy. Auto loan rates on a used car are not as low as new car loan rates but if you have a good credit score then financing should not be that big of a hurdle. If you have bad credit and need bad credit repair it is recommended you try and improve your credit scores prior to any major purchase like a car.

I love restoring cars but sometimes I have gotten in over my head and needed to call in reinforcements. That is the problem with an addiction like cars.  It is very easy to bite off more than you can chew. I have some advice for those of you looking to get involved in a project like automobile restoration. There are as many reasons for restoring a car as there are cars out there and every reason is the right reason. Whether it is to recapture a bit of our youth, or just a deep love of cars in general we all get different senses of satisfaction from watching a car go through a metamorphosis.