Is Now a Good Time to Buy a Car? What Buyers Should Consider Before Purchasing
Timing Your Purchase: How to Know When it’s the Right Time to Buy
Despite what you may have heard about now being the worst time to buy a car, that generalization isn’t entirely accurate. Although inventory shortages, both locally and far out past Fremont, are certainly a factor, this doesn’t automatically mean it’s a bad time to purchase a vehicle. If you need one now, buying might be a better choice for your long-term needs rather than leasing. In fact, for many drivers in Lincoln and the neighboring regions, now is a fantastic time to buy.
Are you planning on trading in your current vehicle at Sid Dillon near Omaha? The increased value you receive for your trade-in could cover the higher current prices of new and used cars. Learn more about the advantages of buying a car with the team at our Omaha dealership.
Is Now A Good Time To Buy A New Car?
New cars are, undoubtedly, more expensive now than they’ve been in a while. You may not necessarily get the best overall purchase price or discount. But ask yourself this: What is your situation? Do you need a new car now, or can you wait?
Say, for instance, you are driving an old clunker that constantly requires more money to repair, and you don’t want to sink more money into it. Buying a new vehicle—even at a higher price—can be a wise 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 used car shoppers. Due to the high demand for pre-owned vehicles, so many of those that show up are coming off prior leases. These vehicles are also, 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 car is a good idea. Let’s say, for argument’s sake, that this vehicle would typically sell for $42,000. If you’re trading in a car 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 situation could look like? Use our online payment calculator to find out.
Buy Your Next Car At Sid Dillon
Ready to start shopping for a new or pre-owned vehicle? Don’t hesitate to contact us online at Sid Dillon. We’ll happily schedule a convenient test drive appointment for you at our Sid Dillon dealership, where you can explore all the exciting benefits of getting a new-to-you car for yourself.
Have a Question? Ask Our Experts Anything!
