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Everyone knows about the great deals on clothes, appliances and electronics that you could take advantage of on Black Friday, but did you know that you could find great prices on cars too? According to car pricing research from TrueCar.com, Black Friday, the day after Thanksgiving, is the best day to buy a car.

The History of Discounts on Black Friday

According to day-to-day car pricing research conducted for the website over the past several years, it seems that the discounts on Black Friday, on average, are the biggest of the year. The best discounts, according to an analyst from TrueCar.com, comes in the form of manufacturers' incentives.

While the research revealed that it's difficult to determine a projected price reduction for this Black Friday since all car sales are individually negotiated, according to past data, the average new car discount for this Nov. 27 is projected to be 7.5 percent. The average deduction on a typical day throughout the year is closer to 4.7 percent.

Deals to Look Forward To

The researchers also noted that certain models should receive greater discounts. For instance, you might expect a 28 percent discount on the 2009 Suzuki SX4 and up to 26 percent off for the 2009 Nissan Titan. The Ford F-150 and Hyundai Sonata are also expected to offer big discounts. However, for specific deals, it's a good idea to check with your local auto dealers to see if they plan to offer Black Friday discounts. They'll be more than happy to advertise early.

One reason the researchers give for the price discounts on Black Friday is because it falls close to the end of the month - crunch time. So if you want to take advantage of the car dealers' need to sell - and your need for a new car at a great price - now's the time to start looking out for great Black Friday specials.

Do you plan to go car shopping on Black Friday?

HSBC Finance Corp.has reached a deal to sellits auto loan servicing business, the company announced on Tuesday, Nov. 10, 2009. It plans to sell the auto loan business, as well as $1 billion in car loan receivables for $904 million to Santander Consumer USA, Inc.

The Details of the Agreement

According the HSBC, the auto loan servicing facilities in San Diego and Lewisville, Tx. will be assigned to Santander. The majority of the 700 employees from those locationsare tobe offered positions at the new company at the beginning of 2010. The company also plans to enter a loan servicing agreement for the remainder of its U.S. auto loan portfolio, which is in liquidation. The cash deal with Santander is expected to close in the first quarter of 2010.

Why is HSBC Selling?

Currently, HSBC is looking for ways to reduce its finance portfolio. Also, the company hopes to offer its employees opportunities to work for a company that demonstrates a longer-term commitment to the auto finance business, said, Niall Booker, the CEO of HSBC Finance.

What about the Customers?

According to both companies, Santander will offer servicing for the auto loans it purchases from HSBC. It will also service the remaining HSBC auto loan portfolio. In other words, if you currently have an HSBC auto loan, you should be in good hands with Santander - however, it's a good idea to keep up with the transitions the two companies are making for your own best interest.

If the transfer of auto loan portfolios troubles you, keep in mind that refinancing with a new company is always an option. To learn more auto loan refinancing options, browse through Go Banking Rates for more information.

Many people don't recall their car's warranty information until something breaks. To better educate yourself on voided automobile warranties, use our resource center and learn the valuable lessons within this guide.

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