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Sure the “cash for clunkers” program has come and gone, but the incentives to continue buying new cars is still going strong.

The big question about the cash for clunkers program will be whether it served to help revive the troubled automobile business, or whether it just put a lot of people even further in debt. I’m sure we all hope that those who opted out of older automobiles did so for more fuel efficient vehicles and without piling crushing debt onto their pile of obligations. For people who have the financial wherewithal to afford new cars, the good news is that they can still get some great deals, even though the government incentives have vanished.

Automakers have sharpened their pencils and are coming out with tighter pricing on their 2010 models. This means that there are better deals coming down the pike for buyers ready now, or in the near future, to buy new cars. For example, according to Jessica Caldwell, and auto industry analyst, the Chrysler Town & Country is down is priced down by $1165 … The Chevy Equinox is down by $1,825 … and the Mercedes-Benz E350 is down $3,300. And yes there are others following suit.

It’s good news to buyers that the benchmark for price negotiations, the “Invoice” price, for many automobile models has dropped. So if you’re in a position to buy a new car, 2010 will be a good year to negotiate some attractive deals. Of course, the question you still need to ask is, “Is a new car the best way to spend my money?”

Source by Roger Beattie