When it comes to forecasting used car prices in 2021, there is more to it than supply and demand. Car owners are keeping their cars longer but that does not mean that you can’t find a reliable used car in 2021.
Even though people are generally keeping their cars longer than they have been in the past, people still trade cars in for newer models. This allows you to get a good car at a good price.
While it is true that the supply of used cars has greatly diminished, which has driven (excuse the pun) their price up, there is some good news in the used car forecast.
Here are a few tips to help you navigate used car prices in 2021.
You are in the driver’s seat
Not just literally but financially. Car dealerships don’t have to push for the hard sell to get you to buy a car. Today’s car buyers are savvy about the kind of car they want, the features they want the car to have, what they are willing to pay, either outright or in monthly payments, and they know what they will settle for.
Covid has been helpful to the car buyer
It is strange but true that a virus has helped car buyers. The pandemic forced people inside which made them turn to the Internet to do their research. Because of people being quarantined, car dealers had to bring information about cars’ specifications, pricing, and special deals to the online customer. Customers no longer had to deal with “pushy, in-your-face” salesmen. Some dealers are willing to bring a car to you to test drive. Once the potential customer has decided on a vehicle and has their financing in place, the sale can take place virtually hands-free.
Vehicles that retain their value are good ones to buy
Even though the prices for used cars are staying firm, purchasing a previously owned, gently used, car, truck, SUV or minivan can be a good transportation investment for 2021. The best vehicles to buy used are the ones you rarely see for sale used. For example, BMW’s retain their value so buying one used would be a good investment. Creating a checklist of the items you want and need for your next vehicle will help you determine what would be the best choice in a used vehicle. Do you need a work truck? A minivan to transport children? A fun car to zip around town? Having your checklist and doing your research will help you navigate the road to a successful used car in 2021.
If you are looking for a used car, contact Palm Beach Auto Sales Outlet all the possibilities.
