Time to buy that Sprinter
Sunday, November 30th, 2008If you are looking for a new Sprinter or camper built on the Sprinter chassis, the first half of 2009 might be the ideal time to buy. Not only will prices still be declining but interest rates should be very much in favor of the taxpayer. Of course, you will need a good down payment and have an excellent credit rating but if you got it, spend it.
Eventually, all the current government spending and promised government spending will come home to roost and many predict when the recession ends, we will see inflation or even hyper-inflation. Inflation means that Sprinter is going to double in price and interest will go from affordable to astronomical.
How much has the government spent so far? Bailoutsleuth.com details:
- $2T Emergency Fed Loans
- $700B TARP (designed to buy bad debt, the fund is transforming to whatever Paulson wants to buy)
- $300B Hope Now (the government’s attempt at mortgage bailouts)
- $200B Fannie/Freddie
- $140B Tax Breaks for Banks
- $110B: AIG ($40B of TARP money, plus $110B in other relief)
That’s close to $4.5 trillion and with the new government coming in January, it will only go up.
So start thinking about that new Sprinter. Good pricing, low interest and fuel costs and a vehicle that you can live in (if need be) and carry you away from all this to Canada or the beaches of Baja.





