You’ve probably heard talk that now is by far the worst time to buy a car, but that’s really not true. Some would say it’s a faulty generalization. Why is that? While there are undoubtedly inventory shortages, that doesn’t mean that it’s a bad time to buy a car — especially if you need one and if leasing isn’t the right long-term choice. What’s more, it doesn’t take into account that now is a fantastic time to purchase a vehicle. If you’re looking to buy a car in Springfield Township and trade in your old car, the extra boost in value could very well more than offset the higher prices that new and used vehicles are currently fetching. Learn more about the benefits of buying a car with this guide from BMW of Springfield.
New cars are, undoubtedly, more expensive now than they’ve been in a while. Due to changes in international trade policies, many manufacturers are seeing higher vehicle prices across the board. 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 constantly requires more money to repair, and you don’t want to sink more into it. Buying a new vehicle — even at a higher price — 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.
While used cars may be more expensive on average now than in the past, there’s good news for Livingston used car shoppers. Used cars that are available near Maplewood 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.
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 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!
When you’re ready to shop for your next new vehicle, reach out to BMW of Springfield. Our team will schedule an appointment at our Springfield Township dealership at your earliest convenience so you can see all the benefits of buying a new car firsthand.
