Is Now a Good Time to Buy a Car?

2022 Toyota Tundra in the Desert

In an ever-changing world, it may never feel like the right time to buy a car. With reports from the media discouraging automotive purchases, you may feel even more reservations about making the leap into a new ride. While there are certainly industry-wide shortages and supply chain issues that have impacted automotive prices, that doesn’t mean now is a bad time to buy. 

This is especially true if you’re in great need of a new vehicle, have a trade-in, or want to lease! In fact, it is the perfect time to trade in your vehicle to secure a maximized payment. So, is now a good time to buy a car? Absolutely! Our team is here to help you find the right model at the right price. Learn more below!

Is Now a Good Time to Buy a New Car?

It’s an unavoidable fact that new cars are priced higher than they have been in quite some time. So if your only criteria for shopping is to find the lowest possible price, you may be better off looking to the pre-owned market. If you’re ready to buy a car now, you’ll need to consider how important value, quality, and price are in your purchase decision. If you need a high-quality vehicle that will last, a new car is always a strong investment. 

A good way to determine if you’re ready to upgrade your car is to evaluate the cost of ownership with your current vehicle. Are you dealing with frequent, expensive repairs? In many cases, driving that old clunker is actually more expensive than an upgrade. This is because repair costs can quickly exceed the price of a new car on a monthly basis. What’s more, we offer inviting new vehicle specials, Military rebates, and our College Grad program to help you save!

Is Now a Good Time to Buy a Used Car?

Now that we’ve discussed new car shopping, is now a good time to buy a car if you’re shopping used? Similar to new cars, used car prices are a bit higher than normal. But, that means that resale prices are also historically high. Along with that, many drivers are shopping used, which means inventory is turning over quickly. Many of the new models hitting our lot are coming off of lease agreements. That means they have low mileage, are recent model years, and are in phenomenal shape! So, you can leverage these options to find a model that perfectly fits your wishlist for less!

Is Now a Good Time to Trade In a Car?

If you buy a car now, you can take advantage of the generous trade-in offers we’re currently serving up. So, you have a great opportunity to get top dollar for your current vehicle. Even better, the current market enables you to get out ahead if you’re slightly underwater on your loan. 

Let’s say, for example, that you use our payment calculator to see if paying $30,000 for your new Toyota is a good idea. You can likely secure that $30,000 ride for closer to $28,000. Now, if you have a trade-in vehicle that normally would have sold for $20,000, you’ll secure closer to $23,000 in today’s market. In the end, you still come out way ahead!

Find Your New Ride in Kenner!

Ready to take your commute from New Orleans to La Place to new heights? When you buy a car now at Ray Brandt Toyota, our team will guide you through every step of your upgrade journey. What’s more, we make it easy for you to shop from the comfort of your own Metairie home. You can also use our financing application online to get ahead of the game. If you have any questions about shopping for a new-to-you car, contact us today!

 

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