Used Car Prices Are Going Up to Record Highs | Should You Buy a Used Car Now? скачать в хорошем качестве

Used Car Prices Are Going Up to Record Highs | Should You Buy a Used Car Now?

The Used Car Market has been a doozy over the last several months. It’s really amazing to see values rise as high as they have. Used car prices continue to go up. In fact, June and July set new records for the highest values ever in the Manheim Used Vehicle Value Index. Stocking used vehicles is beyond difficult for dealerships. There is a shortage of available cars because rental car companies are running them longer, other dealers are keeping inventory longer, and consumers are not trading in as often as they used to. Dealers are having to choose to pay higher and sometimes ridiculous prices for vehicles that they are taking a chance will sell before the market levels off or corrects itself. The main question is not about dealers day to day operations. The main question is should consumers buy used cars now? Is now a good time to buy a used vehicle? It’s a personal decision. Do you have stable employment and income to afford a new vehicle that may be $50-$60 a month, or $2000-$3000 more than you were expecting? Are you due for another vehicle? Is your current vehicle in need of repair, or is it your typical time to purchase? I would say these are reasons to consider buying now. A couple of tips when you decide to purchase: Be more flexible than usual. Accept a little more mileage, a different color, or a little newer vehicle. You may actually save money by looking at “available” options instead of being very specific or choosy. I have seen 3 year old vehicles with “low mileage” sell for around the same price as 1 year old vehicles with around the same mileage. You may want to consider leasing a new vehicle right now. You will get a higher trade in value that will help lower your capitalized cost. Then you will have 3 years of guaranteed lease end value to see what happens with the market. It may also be less payment to lease or purchase a new vehicle right now...if you can find one. Always do what’s best for you! I wish you the best health and safety during this time. #usedcars #usedcarprices #buyacar #jonathansewellsells