The good old days of late summer 2009.
It was a great time to buy a new car. Monthly new car sales in North America had plummeted to under 10 million units. Access to financing seemed to be near impossible for a lot of consumers. Brands were orphaned. Leasing collapsed. Banks were picky. The future was uncertain and… raw materials were cheap.
It was a good time to buy new at a deep, deep discount. Has that time passed?
In my fawning review of the Kia Rio 5-door, I noted that the six-speed manual transmission was only available with the base model. When the B&B complained, I commented that
Loaded manual-transmission subcompacts are nearly as rare as unicorns. You may want to shift for yourself, but the market does not, and the market buys cars.
Kia’s about to try to prove me wrong.
I’m being offered a 2005 BMW 545i with 78,000 miles on the clock. Well-equipped with the sport package and manual transmission, it’s being offered at $18,000 (negotiable) by a co-worker’s family member who “wants to get rid of it quick so he can replace it with a new truck.” I’m told it’s been babied, but I’ll definitely be asking for service records and a chance to have it inspected by a German car indy mechanic that’s 3 blocks from my apartment. (Read More…)