Is Now a Good Time to Buy a Car?

If you’ve been paying attention to financial news, you’ve probably seen reports— like this Money article — that now isn’t a great time to buy a car. While some are content with faulty generalizations, when you look a bit closer, you can see that now is actually a great time to buy for many Champaign drivers. So, why is now a good time to buy a new car? Since there are some gaps in the supply chain, trade-in values are higher than they’ve ever been. That means you can score a great deal when you sell your car to the dealer.

Whether you’re a few grand underwater or simply want to sell high, now is the time to make an upgrade. So, is now a good time to buy a new car? We think so! Is now a good time to buy a used car? Absolutely! Learn more about car shopping with us below!

Is Now a Good Time to Buy a New Car?

It’s an unavoidable fact that used car prices have seen an increase in the last few years. While you may not get the lowest possible price, the need for a new vehicle rarely waits until the market is just right. Ask yourself if you really need a new car now or if it can wait. Sometimes, it’s more cost-effective to upgrade your car vs. sinking money into repairs and maintenance.

For example, if you’re driving an older model that needs constant repairs, that can quickly get expensive. By switching to a new vehicle, you can not only reduce your spending but also enjoy the peace of mind that comes with driving a newer vehicle. If you’re not sure when you should make a purchase, consult with our financiers. Our team is here to help you make an informed decision. You can also explore our new vehicle specials for additional savings!

Is Now a Good Time to Buy a Used Car?

Is now a good time to buy a used car? Some used cars are definitely more expensive than they were a few years ago, but there’s good news if you’re in the market. Pre-owned cars for sale near Peoria are being sold faster than ever, meaning that many available options are recently-returned lease vehicles. These vehicles generally have low miles, are in great condition, and are a recent model year. On average, this means that these vehicles are more reliable than what you might find during “normal” times.

Trade-In Your Car Today!

When you’re ready to upgrade your vehicle, you can make a trade with any of our local Sam Leman Automotive Group dealerships. With locations all around the Bloomington area, it’s easy to find a Sam Leman dealership that has the vehicle you want and the trade offers you need. Use our trade value tool to determine what your vehicle is worth, then plan ahead with our payment calculator. Whether you’re curious about the differences between buying and leasing or want to learn how to get financing without a credit history, Sam Leman Automotive Group can help. Turn to us for expert advice on all things automotive!