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News 12's Joe Arena spoke with a general sales manager for Gregoris Subaru about why it's costing more to purchase a car.

Long Island

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We've got some ugly stuff knocking on the door. Absolutely. So we've been dealing with the cold for the last couple of days, Joe and now we're looking to warm a little bit, but with that warmth, it comes some stormy conditions. Unfortunately, folks, so getting straight into what we are gonna be expecting, we are in storm watch because you know what we need to know is that Sunday is gonna be pretty nasty for us, Friday though. Not bad. It's gonna be warmer temperatures in the upper forties, Saturday still dry and then we're back to the fifties Sunday. However, it's gonna be near 60 degrees and we're looking for that storm system to move in and it's gonna be impacting our Monday morning as well. We'll get to those details in a few moments, but Hanukkah begins tonight this evening for us and we're looking at temperatures to be in the middle to lower thirties and overnight to around 30 degrees is where we are expecting our low to be as we roll into the overnight hours. So, otherwise, hopefully you have a happy Hanukkah, but we are looking for things to stay dry for us. A couple of flurries over towards the east end, but nevertheless, not looking for much issues as we get into the rest of our Thursday night, take a look at the next 12 hours in itself. Again, staying clear for the most part in our skies, temperatures will start off on our Friday morning into the middle thirties. So you're definitely gonna need that coat and just wanna bundle up. So it's gonna feel cold once we start, but it will improve as we get into our Friday afternoon, upper forties, as I mentioned, Saturday is gonna be pretty mild as well. Middle fifties around this time of year. We're into the middle forties, what our typical seasonal temperatures are so Saturday and Sunday in itself, it's going to be really nice for us in terms of surface temperatures, but then we're looking forward to stormy conditions heading into our Sunday. Otherwise, again, it's going to be rather quiet, but we are gonna be monitoring the storm system rolling in for a Sunday evening around dinner time. That's gonna carry into our Monday morning, which is why we have our storm watch for Sunday night into our Monday morning. And then the following week back to the seasonal temperatures.

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Car inventory drops as prices for vehicles increase

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We've been telling you about the impact of rising interest rates on your ability to buy a home and other big purchases and the same goes for buying a car news 12 Joe arena spoke with a long island car dealer about what this all means for buyers and businesses financing a car is a lot like buying a house. The idea is to look for the lowest possible interest rate on your loan. But many of us heading into dealerships these days are learning that not only are good rates easy to come by, but the price of the car you want is a lot of the time selling for more than it's worth most dealerships. Like for example, we are on average about 100 cars a month. Now we're doing in the fifties and the sixties and that drop in the amount of cars salesman like J. Cirovski are offloading these days is a big reason why it's costing more to purchase a car these days, we still have overhead to cover. And even with car prices coming down slightly, J says, the days of low interest offers are nowhere to be found used to seeing all the time with 0% or 00.9% those days are gone. So jay says the best thing to do is try to be more open minded when it comes to purchasing a car. Remember there isn't a lot of inventory out there, so don't be stuck on one particular color or model, but most importantly, J says pinning your hopes on the economy and interest rates eventually going down is a bad idea. A little bit of patience. But don't say, I'm gonna, you know, wait eight months, it's gonna get better. It's just not, it's just not. Again, the feds are talking another three quarters of a point and when they go three quarters of point, the banks go a point point and a half. So if you're looking at financing a car now at around 4% interest and think that's too high, you're gonna be 59 before you know it. And even though jay says the rate a dealership will give you is sometimes better, you should still do your homework. It doesn't hurt to look at a credit union, go online and look to see be competitive in Valley Stream joe arena News 12 Long Island.

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