You may have heard that car buying is as competitive as the current real estate market. This isn’t quite true. In fact, if you are ready to trade up for something better, this is a great time for buyers.
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Safety is a Concern
The car market has been competitive for over two years now. So, while some drivers may choose to hold off hoping the prices will drop, this may not be an option for some.
Newer vehicles include better safety and technology features. These features can increase the overall safety of you and your family, and you can’t put a price on that.
It may also be worth it to consider a new car for safety features if you have a teen driver in the household. It may be tempting to let them drive your used car, but today’s technologies can help keep newer drivers safe. For instance, a new Ford SUV in Chandler has the ability to warn the driver and assist with steering and braking.
In fact, many newer brands have teen driver technologies that specifically help teach them safer driving habits. Some even provide you with a customized driving report so you can identify the areas in which your teen still needs practice.
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Technology Has Never Been Better
Technology has never been better. This includes not only what you can see, but what you can’t see. It includes how the car was designed, how it was made, and how well the materials were combined to create an impressive and long-lasting style statement.
Getting a better car now is more meaningful than nearly any time in history. The driver assistance aids are just amazing, and it makes your daily drive safer than ever before. The right Chandler AZ Ford dealer may be able to bring the car to you for a test drive.
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You Will Get More for Your Trade-In
If you plan on trading in your current vehicle, now is the time to do so. The value of used vehicles is at an unprecedented high. Currently, many new car dealerships are paying well over market value for used cars.
So, while you may have to pay slightly more for a new car, you’ll also get more right now for your used car than at any other time.
Despite the higher costs it’s also possible to get a great deal. For example, if you can maximize your trade-in value and then choose a car listed at a fair price, you could end up with a good deal.
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Your Current Car is Costing You A Lot
Older cars with mechanical problems can cost you a lot in repairs. For example, a transmission repair can run anywhere between $1,500-$5,000.
If you need an engine repair, you can expect to pay between $2,500-$4,000. Sometimes, the high cost of repairs isn’t worth it.
Instead, you could put that money down as a down payment, giving you access to a newer, better-performing vehicle. Additionally, many newer cars come with warranties. This means that if you do end up having transmission or engine problems, it may be covered with your warranty.
If you’re not sure if making necessary repairs is worth it or not, it can be helpful to compare the car’s total value with the cost of repairs. You can pull your vehicle’s current value using Kelley Blue Book. Then, compare that to the cost of repairs you need now and the ones you’re likely to need in the future.
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Your Lease is Over
If you are currently driving a lease, you may not have an option to wait. If it’s time to renew your lease, make sure you price shop around and compare options.
You may be able to buy out your lease, which means buying the vehicle you’re already driving. You may also be able to work with a local dealership that will buy out your lease and get you into a new vehicle at a lower price.
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There’s No Relief in Sight
The car shortage has been going on for over two years now. While you could continue to wait to buy, there’s no relief in sight.
Much of the current market is due to a chip shortage, and it’s possible that the price will only continue to increase. This means that it may be a better option to buy now rather than wait another year.
There are many reasons to consider buying a vehicle now. If you’re worried about safety or spending too much on repairs, it is definitely the right time for you to buy a new car.