Is now a good time to buy a car? As far as new goes it is kind of a tossup, many dealers are going out of business, some by choice some not, and there should be some deals. The manufactures are still out producing sales and this is causing inventory problems. Many would be buyers are waiting to see what the presidents plan of a refund on a new vehicle when you trade in a gas guzzler is going to be. The dealers need to move inventory so I would say this is a good time to shop, there are some excellent deals but they may be hard to find. I would set some parameters as to what I would spend and the least I would take for my trade in. Be ready to walk no run away if you don’t like the deal there is a lot of high pressure sales tactics taking place right now, it is a tough time for car salesman and some will do almost anything for a sale. Take some time and do a lot of shopping and don’t buy anything without sleeping on it. The one time offer translates to I will call tomorrow with a better offer. Waiting may be a mistake as the cost of new cars is going to have to go up to pay for the newer mileage and emission standards, but they are down the road at least a year or two.It seems to be a buyer’s market for used right now but as new car sales continue to fall the inventory has to suffer in time. The 2-5 year old market is prime for buyers a 2005 Pontiac Bonneville has decreased in price by over 25K from new. Many of the used cars also have a ton of miles on them over a 100K is not unusual. Here again shop hard and sleep on any deal unless it is a private party and a vehicle you like and a good deal as another buyer may swoop it up while you are sleeping on it. Beware of warranties many may not be around to honor them. They also tend to be expensive but more on this at a later time. Good luck and good shopping. warranty