Is This a Good Time to Buy a Car?
“The economy is getting better” or “The economy is getting worse” is the message most Americans are getting when they watch the news or go online. The mixed messages in the media are largely based on different interpretations of the same data, but skewed according to what political party the journalist feels is better. Those mixed signals are making many people think that now may not be a good time to buy a car, that they will wait until after the national election to see who wins. There are reasons, however, that waiting is not the best idea.
Consider that because of the uncertainty surrounding the state of the economy businesses are extending programs and discounts to encourage buyers to buy now. Automotive manufacturers like Ford, Dodge, Chevrolet, Toyota, Nissan and others are producing huge numbers of vehicles now to make up for downtime they experienced when their factories were shut down earlier this year. Those vehicles need to be sold, especially as many vehicles are switching over from 2020 models to 2021. Factory rebates and financing incentives usually reserved for the end of the year are being rolled out including long term promotional rates as low as zero percent.
Along with the manufacturers many automotive dealerships are becoming stocked or even overstocked with vehicles. Just like the automotive manufacturers dealerships need to find ways to sell the vehicles that are piling up on their lots. That means making every sale possible throughout the months leading up to the November election. Dealerships like Melloy Chevrolet, Melloy Ford, and Melloy Chrysler Jeep Dodge Ram in Los Lunas, New Mexico are motivated to make every sale possible right now. With the chance to offer huge manufacturer rebates and dealer discounts and giving many buyers the option to not make a payment until 2021 dealers like Melloy Auto Group Los Lunas are accepting all reasonable offers.
Customers that are thinking about purchasing a vehicle in the near future should be considering that the current economic uncertainty is creating the best time to buy a new car, truck or SUV. Just like purchasing stocks or homes when prices are down, smart buyers understand that the best time to buy a car is right now. Just like those other investment opportunities a chance like this does not wait and may not present itself again.
So is this a good time to buy a car? Yes it is.
The Melloy Auto Group in Los Lunas, New Mexico, consisting of Melloy Ford, Melloy Chevrolet, and Melloy Chrysler Jeep Dodge Ram is a local, trusted, and family owned dealership that offers New Vehicles Sales, Factory Authorized Service and Parts, and Used Vehicles Sales of Ford, Dodge, Ram, Jeep, Chrysler, Chevrolet, Nissan, Toyota, Lincoln, Mercedes Benz, Hyundai, Kia, Subaru, and all other brands. Any offers mentioned are based on approved credit, see dealer for details.