If you’re planning to purchase a new vehicle this year, then you’re in luck. There are several factors at play that are giving consumers a nice edge when it comes to negotiating a deal. Read on to discover why now may be the right time to make your move for a new ride.
Year-End Deals Continue
While December is a great time to shop for a new car, discounts will likely extend well into 2021. If you’re willing to be flexible on vehicle features, then now is certainly an ideal time to grab a deal on last year’s models.
Two more factors will be on your side if you’re in the market for a new car. Consumer shopping confidence remains low and there is a shortage of new vehicles. Research your favorite brand for added incentives. Each dealer is actively striving to make up for lost and slothful sales.
Car Loan Rates Remain Low
In 2020, auto loan rates were markedly reduced as fewer consumers looked to buy during the COVID-19 crisis. The good news is that rates are still low, giving consumers an opportunity to take advantage of reasonable financing deals.
Online Deals Are Flourishing
While online car retail was already on the rise, the pandemic’s effects have quickly advanced and improved both its usability and reliability. Consumers are no longer shy about purchasing vehicles online—especially when there are hard-to-resist deals at their fingertips, and available from the comfort of their own home. Plus, the car will be dropped off in your driveway. Who can resist both a great deal and such a fantastic convenience?!
New Models = New Technologies
While it’s no surprise the current models are safer than ever, and eco-equipped to produce the least amount of pollution, car makers are continuing to improve their technologies. The newest car trend focuses on health and wellness, where options include ergonomic seats that adapt to your body and even massage your back, purified air, and larger windows for more natural sunlight.
Looking to finance your next vehicle? Visit our website or call a Member Specialist today at 800-422-5852 to find out how we can help!