Over the past three years, the number of new and used cars for sale has plummeted, and the bargains have disappeared.

But industry experts say that's behind us, and the bargains are back.
For example, Applewood Nissan in Richmond, British Columbia, is already offering reduced prices, favorable interest rates on financing, and rebates.

"We're already offering 0% financing on a number of models," says general manager Leon Chelyadin, "and that's just the beginning."

When asked how that's possible with the current 4.75% interest rate, he explains what a "subvented loan" is.

If a new model isn't selling as well as expected, the manufacturer can subsidize the loan to boost sales.

"Three months ago, we had too many Nissan Rogues," says Leon, "so the company offered a low-interest lease, and we sold more than 30 cars in a month."

Yuri B