This could be a good time to buy a new car.
Dealers hammered by the recession are eager to make sales to bring in cash and move inventory off their lots.
Many are offering employee pricing, which in some cases shaves as much as 10 percent off the price. There are also additional incentives and rebates.
And the stimulus bill gives consumers a state sales tax and excise tax deduction on new cars purchased before the end of 2009. That benefit applies to single filers making less than $150,000 or joint filers making less than $250,000.
And if credit starts flowing again, there's evidence the buyers could be in a buying mood. The head of AutoNation, the country's biggest chain of auto dealers, says they've been getting more customers in their showrooms than they can arrange credit for.
Mike Jackson says when credit flowed freely, dealers would have to contact two or three banks to secure financing for customers. He says today they have to approach a lot more before there's a taker.