is this a good time to buy a new dodge caravan?

[frugalman]

thoughts?

[UrbanPoet]

No! chrysler will go out of business and your car will dissipate into thin air and be doomed forever.

[circumventer]

No! chrysler will go out of business and your car will dissipate into thin air and be doomed forever.

end of thought

[m4gician]

thoughts?

The incentives are bound to get better, wait it out a bit...unless a dealer is THROWING the caravan at you.

[T-Man]

No! chrysler will go out of business and your car will dissipate into thin air and be doomed forever.

Really?

The media is reporting the opposite:

Slimmer, healthier carmaker emerges
By Julie MacIntosh and Nicole Bullock in New York and,Bernard Simon in Toronto

Published: June 2 2009 03:00 | Last updated: June 2 2009 03:00

A slimmed down Chrysler is set to emerge from bankruptcy this week with Fiat's chief Sergio Marchionne taking the helm in short order, said a person close to the matter.

Barack Obama, US president, praised the "quick, surgical" bankruptcy process of Chrysler. The automaker received court approval for the sale of most its operations roughly one month after it filed Chapter 11 and the night before General Motors' petition on Monday.

Chrysler's speedy trip through court is key for the US government to quell fears about the implications of a bankruptcy at its larger and more complex rival.

Chrysler's board was expected to meet within a day or two of the closing of the transaction to appoint Mr Marchionne as chief executive. After Mr Marchionne's appointment, Chrysler and Fiat will begin rolling out certain components of their integration plan, including alignments of the two companies' manufacturing and engineering and an effort to export cars to Fiat dealers in Europe and Brazil.

"The period that GM is in bankruptcy is going to be another turbulent time with suppliers potentially struggling, so they need to be on the ball," one person close to the matter said.

In the months leading up to Chrysler and GM's filings, the companies' executives worried that bankruptcy would drive customers away. But Chrysler insiders have been pleasantly surprised that sales of Chrysler cars have held up well, in relative terms, during the bankruptcy process.

Chrysler also enacted a heavier round of dealer closures than some insiders had expected.

"Chrysler is going to come out with not only a smaller dealer network but one that is much healthier," because Chrysler has kept its manufacturing plants closed and has let its remaining dealers whittle down their inventories, said one person close to the matter. Mr Obama said yesterday that Chrysler sales were higher in May than April. However, the carmaker has offered unusually generous discounts and other incentives.

Furthermore, Chrysler has refused to buy back unsold cars and many of the 800 Chrysler, Dodge and Jeep dealers whose franchises will be revoked next week, have sought buyers for their inventory at bargain-basement prices.

On Sunday, Chrysler won court approval to sell most of its assets to a new Chrysler company that will be owned by the United Auto Workers union, Fiat and the governments of the US and Canada. Chrysler hopes to close the deal by tomorrow.

http://www.ft.com/cms/s/0/de9fa6c8-4...44feabdc0.html

Sold: Chrysler Group emerges from bankruptcy
http://blogs.consumerreports.org/car...ankruptcy.html

Fiat will sell 500 at Chrysler dealerships
http://reviews.cnet.com/8301-13746_7-10253672-48.html

Fiat to make good use of Chrysler's Brampton assembly
http://www.northpeel.com/news/article/70278

Nardelli touts new Chrysler in letter to workers
http://www.detnews.com/article/20090...ter+to+workers

[T-Man]

The incentives are bound to get better, wait it out a bit...unless a dealer is THROWING the caravan at you.

Its funny that when I first started this Job back in July of 08, I heard August would be better, then August came and its "Sept will be better", then its Oct, then Nov, then Dec, then Jan, then Feb, then March, then April, then "May will be better" now we're in June, and June's incentives have not even been released yet and already "incentives are bound to get better"...lol

I don't know what to say...lol

So, when is the best time to buy? My answer I think its while we're still in the recession before the economy fully turns around and it will.