Is Now a Good Time to Buy a Car?

February 16th, 2022 by

salesman passing over new car key

You’ve probably heard talk over the course of 2021 and leading into 2022 — like this Money article — that now is by far the worst time to buy a car. But that’s really 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 — especially if you need one, and if 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 La Grange 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.

Is Now a Good Time to Buy a New Car?

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 financial decision. We recommend talking to our finance team about your options. If you’re looking to upgrade from a leased vehicle, you could also stand to benefit from our specials.

Is Now a Good Time to Buy a Used Car?

While used cars may be more expensive on average now than in the past, there’s good news for Smithville and Weimer used car shoppers. Used cars that are available near Giddings 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.

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 $57,000 Dodge Durango is a good idea. Let’s say for argument’s sake that this vehicle would normally sell for $56,000. 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!

More from Oviedo Chrysler Dodge Jeep Ram FIAT

  • 2023 Jeep Gladiator Dimensions & Bed Size

      Jeep is a legendary brand for adventuring types, and the new 2023 Jeep Gladiator is one of the most highly regarded trucks for this model year. Fans and critics alike love the performance, abilities, and high-tech amenities. Perhaps it’s time for a test drive! We’ve had numerous inquiries about the 2023 Jeep Gladiator at…

  • How Much Can the 2023 RAM 1500 Tow?

      When it comes to capable trucks, Giddings drivers know that time and again the RAM 1500 comes up as one of the most capable on the road. And that’s definitely the case when you look at the 2023 RAM 1500 towing capacity. How much can a 2023 RAM 1500 tow? When properly equipped, you’re…

  • How Much Can the 2023 Jeep Gladiator Tow?

      Giddings drivers know that there’s more than meets the eye when it comes to the 2023 Jeep Gladiator. Don’t let the head-turning iconic Jeep styling fool you—the Jeep Gladiator towing capacity is the best in its class. It also offers best-in-class payload capacity. This is one midsize truck that can handle the big jobs…

Posted in Model Features