PLENTY MORE BARGAINS

STYLISH: The Toyota Corolla 1,6 now sells for R154 000 at McCarthy Toyota in Midrand. 10/06/2009.
STYLISH: The Toyota Corolla 1,6 now sells for R154 000 at McCarthy Toyota in Midrand. 10/06/2009.

IT'S been a week since news of a South African recession surfaced and I'm yet to see the big explosion that pessimists seem to be predicting.

IT'S been a week since news of a South African recession surfaced and I'm yet to see the big explosion that pessimists seem to be predicting.

Dealers' doors are still open and citizens carry on researching new or pre-owned car purchases.

After the announcement last week of General Motors' filing for bankruptcy, GM South Africa had its own news in that the locally built Hummer brand has found a new home in a Chinese Motor Corporation and the local unit will continue to build them under licence agreement. The Chinese industry is well known for its man-on-the-street pricing and perhaps the already fairly affordable brand will be sold for even less. Only time will tell.

Making a U-turn back home, the monthly new car figures indicate positivity when compared with last months. Pre-owned cars are doing great. Plenty more bargains are still out there on new and used car markets.

Mercedes Benz is still offering its innovative design-a-deal promotion where if you have chosen a certain range, such as a C-Class, a certain amount of virtual money is available to the buyer to either use as part of the monthly instalment or towards Mobilo drive or for insurance. The C-Class deal seems to have ballooned to R40000.

The McCarthy Toyota dealer in Midrand offers a fresh pre-owned Toyota Corolla 1,6 Professional . Retail price is R164 995 but the dealer sells it at R154000.

With a refreshed version of Toyota's popular Fortuner SUV already out, the dealer charges R20000 less than its new price list.

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