C21AGVoices

Down economies reduce consumer spending, creating a bind for retailers. As excess inventory collects dust, companies have little choice but to drop prices in hopes of selling more product.

For the bargain shopper with extra cash right now, there are some terrific deals to be had out there. This 4-minute piece from NBC’s The Today Show highlights a few of them.

• Wines over $25 per bottle reduced up to 50%
• High-quality diamonds reduced up to 30%
• Summer rental homes reduced up to 50%

Furniture is another discounted item.

Now, these aren’t everyday-type purchases, but when the economy turns around for good, the bargain-priced items highlighted in the video are expected to return to their former price levels.

Even some items that may not go up in value after the recession ends may be good deals if they keep a monthly payment lower. Buying or leasing a car now for example might allow you to retain a lower payment and lower ongoing expenses if you’re buying a new car as auto manufacturers are creating cash back incentives, low lease rates, and great loan terms to motivate people to buy cars.

If you have the means, therefore, consider taking advantage while costs are down.