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You’ve probably heard people talking over the course of 2021 and 2022 about how now is a bad time to buy a car — this Money article is a prime example. But it’s really not entirely true. In fact, some would say it’s a faulty generalization and a hyperbolic statement.
Let’s be transparent: there are undoubtedly industry-wide inventory shortages, but that doesn’t mean that it’s a bad time to buy a car — especially if you need one! Perhaps most importantly such broad-brush statements do not take into account that now is a fantastic time to trade-in your vehicle. Think about it this way: while you may not get a great deal off MSRP like you normally would do to shortages, you will almost certainly get more for your trade-in. That right there could be more than enough to offset any price increases or discounts in available new car specials. Read on or contact us to learn more about ways we can help you save on your next vehicle purchase.
New cars are expensive in general, and with recent inventory shortages, there’s really no getting around the fact that you may pay more for a new vehicle right now. But you have to take your individual circumstances into account. Have you recently gotten a new higher paying job? Do you have a trade-in? Are you dumping thousands into an old car with no end in sight? If any of the above situations apply to you, it may still be a fantastic time for you to buy a new car, both financially and practically speaking. If, however, you can wait, that may also be a good option. We also recommend looking into leasing vs. buying; if you want to hold out to see if inventory shortages abate in a few years, leasing now could be a way to get the car you need for a lower monthly payment.
There are many things to ask when buying a new car, and equally as many to keep in mind for your own sake. While used cars are more expensive now, as are used cars, leasing is a good option now, as is buying used. Why? Although the price of used vehicles has gone up, it’s still a cheaper option than buying new. Plus, with new inventory shortages, you may have an easier time getting your hands on a used car. Thankfully, we have plenty for sale at any given time for Downey and Bell Gardens car shoppers like you.
Yes! Now is an idyllic time to buy a car and trade in your old one at the same time. Say you buy a $34,000 Nissan. Let’s say for argument’s sake that this vehicle would normally sell for $32,000. If you’re trading in a vehicle that would normally get $15,000, but now you can get $18,000 for it, you’re still $1,000 ahead of the game!
Ready to buy your next new or used vehicle near Huntington Park? We here at Nissan of Downtown L.A. want to help make the process, easy, convenient, and as affordable as possible. We encourage you to get pre-approved and then value your trade online to get the process started!
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