If you're considering buying a new car, you may want to consider buying it this weekend!

According to the New York Time and Juan Flores, director of vehicle valuation for Kelley Blue Book Labor Day is traditionally the best time to buy a car. That is because manufacturers offer generous incentives on current-year models to clear them out and make room on dealer lots for vehicles from the next model year, which traditionally start arriving this month.

"If you just isolated this calendar year, Labor Day is the best time to buy,"

So how do this year's Labor Day deals compare with past ones?

While some auto industry experts have said that consumers will find some of the best Labor Day deals ever this holiday weekend thanks to a recovering auto industry, Mr. Flores said he didn't believe deals would be any better over all than last year. The reason, he said, is that manufacturers have worked in recent years to cut back their inventories so there isn't as much excess of 2010 vehicles. Still, this doesn't mean the deals this year won't be generous.

"The assumption is that this year is somehow a special year, "While that's not the case, it's still a great time to purchase a vehicle." Anyway if you're in the market to buy one!

There's "some very competitive programs" this holiday, including nearly 0 percent interest rates or low interest rate, with 48- to 60-month financing terms, and $3,000 to $5,000 cash rebates on some vehicles. This compares with typical offers earlier this year of 24- to 36-month financing terms and $500 cash back!

Go ahead and buy your new vehicle this weekend, and be careful, do not drink and drive!

This is just FYI only!

Thanks,

Adam