One way to turn high gas prices in your favor is to consider buying a gas hog vehicle.
That may sound crazy at first, but the plummeting value of larger, not-so-fuel-efficient pick-ups, SUVs and larger sedans has left buyers holding all the cards. It’s a virtual sure bet that you can drive home such a vehicle at a tremendous discount — very possibly enough to keep you in “free gas” for several years, even at 15 mpg.
Especially if you don’t use it as an everyday vehicle.
GM, Ford and Chrysler, for example, are offering discounts as large as $8,000-$10,000 off on several popular models — and that’s just “up front.” You can count on being able to haggle the price down even more — because the dealers are increasingly desperate to get these vehicles off their lots. Private sellers may be even more motivated — because they literally cannot afford to keep the vehicle any longer and will be sorely tempted by any offer that puts cash in their hands.
Read Article