Is Now A Good Time To Buy A Car?

Although some speculate that now is not a good time to buy a car, there are many advantages to purchasing a new or used vehicle now. Although some automakers are experiencing an inventory shortage of new cars, there are still plenty of cars for Frankfort drivers to choose from, including new Lincoln models from Lincoln of Lafayette. Leasing is another option for specific buyers. Our team will review whether purchasing or leasing is the best choice for your driving needs.

Is now a good time to buy a car? Whether you're looking to buy a new or used car, now is a good time to trade in your current vehicle. With fewer new cars available, used car prices and, therefore, trade-in values are higher than ever. The increased value of your trade-in could potentially offset the higher prices of both new and used cars. Learn more about the benefits of buying a new or used car and trading in your current vehicle with this guide from the team at Lincoln of Lafayette.

Is Now A Good Time To Buy A New Car?

New cars are, undoubtedly, more expensive now than they've been in a while. Due to changes in international trade policies, many manufacturers are seeing higher vehicle prices across the board. 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 need a new car now, or can you wait? 

Say, for instance, you are driving an old clunker that constantly requires more money to repair, and you don't want to sink more money into it. Buying a new vehicle - even at a higher price - can be a wise 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 new vehicle 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 West Lafayette used car shoppers. Used cars available near Frankfort are in high demand, so many of the listings are coming off prior leases. These vehicles are, by and large, more reliable than the average used car that you may find in stock during more "normal" times.

Is Now A Good Time To Trade In A Car?

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 car is a good idea. Let's say, for argument's sake, that this vehicle would typically sell for $42,000. If you're trading in a car 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 situation could look like? Use our online payment calculator to find out.

Find Your Next Car At Lincoln of Lafayette

Is now a good time to buy a used car or a new vehicle? When you're ready to shop for your next new or used vehicle, reach out to Lincoln of Lafayette. Our team will schedule an appointment at our Lafayette dealership at your earliest convenience so you can see all the benefits of buying a new car firsthand.