Is Now a Good Time to Buy a Car?

You’ve probably heard talk that right now may not be the best time to buy a car. But that’s really not true. Some would say it’s a faulty generalization. Now is a fantastic time to purchase a vehicle. If you’re looking to buy a car in Camby and trade in your old car, the extra boost in value could very well more than offset the higher prices new and used vehicles are currently fetching.

Is Now a Good Time to Buy a New Car?

New cars are, undoubtedly, more expensive now than they’ve been in a while. There’s no getting around that. You may not necessarily get the best overall purchase price or discount. But ask yourself this: what is your situation? How important is a deal? Do you need a new car now, or can you wait? 

Say for instance, you are driving an old clunker that is constantly requiring more money to repair and you don’t want to sink more into it. Buying a new vehicle — even for less of a discount — can be a smart financial decision. We recommend talking to our finance team about your options. If you’re looking to upgrade from a leased vehicle, you could also stand to benefit from our New Vehicle Specials.

Is Now a Good Time to Buy a Used Car?

While used cars may be more expensive on average now than in the past, there’s good news for Plainfield and Martinsville used car shoppers. Used cars that are available near Mooresville are being swiped up faster than ever, meaning that many of the ones that show up are coming off prior leases. This also means that these vehicles are, by and large, more reliable than the average used car that you may find in stock during more “normal” times.

Is Now a Good Time to Trade In a Car?

Yes! Now is the ideal time to buy a car and trade in your old one. Let’s do some hypothetical math.

Say you use our payment calculator to see if buying a $44,000 Chevrolet Colorado is a good idea. Let’s say for argument’s sake that this vehicle would normally sell for $42,000. If you’re trading in a vehicle that would normally fetch $20,000, but now you can get $23,000 for it, you’re already ahead of the game! 

Want to see what the math for your particular situation could be? Use our online payment calculator to find out!