"Forget high gas prices. Smart money is in bigger used vehicles"...expert says



    TORONTO, Oct. 15 /CNW/ - "Go big or go home". That's what Viraf
Baliwalla, founder of Automall Network, is telling his clients. Some think
this vehicle buying expert is crazy until he explains his rationale.
    "Looking at the big picture, for the little extra you may pay annually in
gas between a four and six cylinder, even a small eight, not only can you buy
something more solid, with a smoother ride, more spacious and luxurious, safer
and with far more bells and whistles, but you can buy it at a huge discount
right now that far surpasses the extra gas costs" claims Baliwalla.
    Buying that mid-size SUV you've always wanted may cost you an extra
$300-500 a year in gas compared to the little 4 cylinder subcompact, however
you could save several thousand dollars on the purchase price.
    "That pays for several years of gas savings" advises Baliwalla.
    The increase in gas prices combined with the financial crisis has
generated short term panic with consumers. The more people hear about it and
read about it, the more they start worrying about trading in their six and
eight cylinder vehicles, and replacing them with smaller fours or hybrids,
thus creating a glut in the market for vehicles that are slightly bigger and
more luxurious.
    "Dealers are willing to accept a lot less for the bigger vehicles with
the proper negotiation" adds Baliwalla. "They just want to get them off their
lots. At the same time, 4 cylinder smaller vehicles are selling well and
dealers are not being as flexible on their pricing because someone else will
buy them if you don't. In a few months, once high gas prices aren't such a big
news story anymore, people will come back to the realization that they would
prefer to pay a little more for luxury, comfort and safety and prices will go
back up, just like they did in the mid-70's with the oil embargo".
    So what does Baliwalla recommend to his clients? "You'll be driving your
vehicle for the next several years. Buy the vehicle you like and buy it
slightly used. You don't want to be kicking yourself in six months or a year
wishing you had something more comfortable. This is the time to buy bigger."

    Automall Network is a Professional Vehicle Buying Service, providing
independent expertise and assistance to the insurance industry and consumer
buyers for new and used vehicles. Automall Network services clients in both
Canada and the United States.




For further information:

For further information: contact Viraf Baliwalla at (416) 249-5474 x303,
(866) 310-8701 x303, cell (647) 401-5474 or email to
viraf@automallnetwork.com

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