As you have undoubtedly noticed, gas prices are low. Like, really low – the lowest they have been in a long time – under $2 in many parts of the country! And if you haven’t noticed this wonderful holiday gift to the economy, then maybe you don’t have a car and just ignored the whole thing altogether. If this is the case, then maybe it is time you rethink your decision about owning a car. With gas this cheap in an economy that continues to get better every day, this increases the affordability of a car if you’ve been looking to budget for one.
“Buy a car while you can afford one.”
NBC News reported on recent data by AAA, which stated Americans could collectively save as much as $75 billion in 2015 on gas alone. Think about all that money! But this doesn’t mean people are just going to halt their spending altogether. On the contrary, they are going to be buying all of the things they have wanted for so long but couldn’t afford before. And so should you. Don’t go crazy, but make an investment while you have the means to do so.
Cheaper gas also means the cost of other items will be dropping as well. For instance, items such as food that rely on trucks to be delivered across the country will be falling. Low gas prices means it costs less for these shippers, and voilà, prices trickle down. So with all these sinking prices you bet you can afford a car. In fact, the NADA predicts that automobile sales will continue to rise through 2015. And the trend is only expected to continue as other people just like you realize that now is the opportune time.
The new year is just starting out, and you are no doubt setting your budget for the year. Put some numbers together and see if a car is in your budget. You might be happy to find that it is.