With millions facing financial and health crises, the pandemic may seem like the worst possible time to consider buying a car. However, life doesn’t always provide you an option. Cars break down, wear out, and eventually reach the end of their drivable lifespan. If you’re in need of a new ride, then check out these tips for buying a car during the pandemic.
Retail sales have been classified as essential business, which means most types of shops are opening their doors once more. That includes dealerships, but it doesn’t mean that every showroom will be open. With mandates still in effect, make sure to call ahead to check the status of any local dealerships in your area.
If an in-person sale isn’t an option, don’t worry. Several dealerships feature digital sales these days to better comply with safety regulations. Many now work with Kelly Blue Book, which allows you to virtually inspect a vehicle and even have a car brought to your home for a test drive.
Getting the Most for Your Money
You should always try to stretch your dollar as far as possible when buying a car. Thanks to the pandemic’s economic impact, you’re able to do so with ease. All you need to do is look to 2019 models that weren’t selling as well just before the lockdown began.
Since people weren’t buying cars out of fear of the unknown, countless 2019 models now come with exceptional rebates and incentives. You can also opt for a newer pre-owned car from a dealership to help you save even more cash.
With used cars, make sure you do your research and rely on tools like CARFAX to ensure you’re getting a good vehicle. While you can rely on legal aid like this California lemon law attorney if you pick up a hidden clunker, it’s always better to avoid that situation when you can.
Pandemic aside, most people can’t afford to buy a car outright. Pandemic in sight, this becomes even more of a challenge as millions of Americans face financial hardship. With economic uncertainty at an all-time high, it’s vital that you consider all financing options before making a purchase.
Deferring your payment is one option, with numerous automakers offering excellent deals with maximum flexibility. You could also consider a lease or lease-to-own if the monthly payments would be cheaper. Keep in mind that the federal reserve cut interest rates, making financing a highly favorable option right now.
In the event that the unforeseen makes it impossible to continue your payments, most automakers offer payment support programs. These programs work in unison with banks and lenders as a coronavirus relief package of their own. If you can’t make a payment down the road, they’ll work with you to find a path forward.
One of the benefits of owning a newer car is the servicing options that come with it. Dealerships are keeping their service features open for buyers since they were deemed essential. So, you can rely on the same cleaning and maintenance you would normally after purchasing a new vehicle.