Is Now a Good Time to Buy a Car?

You’ve probably heard talk that now is by far the worst time to buy a car. But that’s really not true. In fact, now is a fantastic time to purchase a vehicle. If you’re looking to buy a car in Madison and trade-in your old car, the extra boost in value could very well more than offset the higher prices new and used vehicles are currently fetching.

Should I Buy a New or Used Vehicle?

New cars are, undoubtedly, more expensive now than they’ve been in a while. There’s no getting around that. You may not necessarily get the best overall purchase price or discount. But ask yourself this: what is your situation? How important is a deal? Do you really need a new car now, or can you wait? 

Say for instance, you are driving an old clunker that is constantly requiring more money to repair and you don’t want to sink more into it. Buying a new vehicle — even for less of a discount — can be a smart finance decision. 

While used cars may be more expensive on average now than in the past, there’s good news for Hendersonville and Clarksville used car shoppers. Used cars that are available near Nashville are being swiped up faster than ever, meaning that many of the ones that show up are newer model years and offer more features. This also means that these vehicles are, by and large, more reliable than your average used car that you may have found in-stock in the past.

Is Now a Good Time to Trade In a Car?

Yes! Now is the ideal time to buy a car and trade-in your old one. Let’s do some hypothetical math.

Say you use our payment calculator to see if buying a $44,000 INFINITI QX50 is a good idea. Let’s say for argument’s sake that this vehicle would normally sell for $42,000. If you’re trading in a vehicle that would normally fetch $20,000, but now you can get $23,000 for it, you’re already ahead-of-the-game! 

Want to see what the math for your particular situation could be? Use our online payment calculator to find out!