Do not take that massive auto loan – buy your next car from Federal Auction paying cents on the dollar
Ashley Parker
Oct. 11, 2005

With oil in $60 or above a barrel, little hope in job fronts as people accept lower paying jobs to survive, there is a great possibility of a deep recession in US and Western Europe in 2006. The massive economic meltdown has already started with stagflation grabbing the economies and trapping Federal Reserve and European Central Bank. The central banks all around the world are hawkish on inflation and confused over the recession.

In that background, it may not be wise to buy your next car from a car dealer who will try to make all they can from your heard earned dollars. The auto manufacturers will have slash auto prices by 40 to 50% in a few years to make headway in the coming depression driven economic meltdown in manufactured goods. There are possibilities that these companies may all together stop production as people lose their purchasing power and raw material cost (commodities) quadruple.

You should learn to buy cars from Federal and other Auctions.

The U.S. General Services Administration (GSA) is the federal agency that buys fleet vehicles new and leases them to other federal agencies. When these vehicles complete their lease term theyl them to renew the government fleet.

All vehicles offered for sale at government auctions are clean, detailed and ready to drive away. The vehicles will typically no more than thee model-years old, will have been used for ordinary transportation by government agencies, and will not be specialized military or repossessed vehicles.

Vehicles sold at GSA auctions typically feature:

- Low mileage

- Excellent maintenance

- Popular styles and colors

- Power steering, A/C, power windows, AM/FM cassette decks

A current list of vehicles for sale, locations and times of auctions, and complete description of the bidding and buying process can be found on the GSA's Website at: http://www.autoauctions.gsa.gov.

Do not take that massive auto loan – buy your next car from Federal Auction paying cents on the dollar
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