Is Now a Good Time to Buy a Car?

You’ve probably heard talk over the course of 2021 — like this Money article — that now is by far the worst time to buy a car. But that’s not true! In fact, some would say it’s a faulty generalization. Why is that? While there are undoubtedly industry-wide inventory shortages, that doesn’t mean that it’s a bad time to buy a car now — especially if you need one and leasing isn’t the right long-term choice. What’s more, it doesn’t take into account that now is a fantastic time to trade in your vehicle. In fact, if you’re looking to buy a car in D'Iberville 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 Car Now?

While there are many people that need to buy a car now, new cars are, undoubtedly, more expensive now than they’ve been in quite some time. 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?  For example, if you are driving an old clunker that requires more money for repairs and you don’t want to sink more into it. Buying a new vehicle — even for less of a discount — can be a smart financial decision. Don’t hesitate to discuss your options with our finance team. If you’re looking to upgrade from a leased vehicle, you could also stand to benefit from our INFINITI Off-Lease Program.

What about buying a used vehicle? While used cars may be more expensive on average now than in the past, there’s good news for Biloxi area car shoppers. Used cars that are available near Gulfport are being swiped up faster than ever, meaning that many of the ones that show up are coming off prior leases. This also means that these vehicles are, by and large, more reliable than your average used car that you may find in-stock during more “normal” times.

Get More Car-Buying Tips at INFINITI of South Mississippi

Is now a good time to buy a car? Yes! If you need a buy a car now, you can also consider trading in your current vehicle to help make your purchase more cost-friendly. Our online tools allow you to value your trade and estimate your monthly car payments right at home in minutes. Contact us for additional information or to schedule an appointment.