Is Now a Good Time to Buy a Car?

Some East Rochester drivers think that now is not a good time to buy a car in East Rochester because of the cost of inflation and a worldwide chip shortage. But we at Ide VW of East Rochester disagree. While there are clearly vehicle inventory shortages throughout the U.S., that doesn’t make it a bad time to buy a car — especially if you desperately need one. Plus, if you have a trade-in, now is one of the best times to trade in your vehicle. Here we answer the question, “Is now a good time to buy a car?” If you’re ready to explore our used car inventory, contact us.

Is Now a Good Time to Buy a New Car?

Because of inflation and other issues related to the pandemic, new cars are more expensive than in the past. So, you might not get the usual discount price, but if you are driving an unsafe or unreliable car around Pittsford that continually requires more and more money to repair, buying a new car — even at full price — is a wise financial decision. Why not explore your finance and leasing options with our finance specialists?

Is Now a Good Time to Buy a Used Car?

While used car prices are up due to high inflation, there’s good news for Webster drivers that are on the market for a used car. Pre-owned cars are in high demand and are selling faster than ever. Plus, lease returns are popular. That means that these leased Volkswagen models are more reliable than the average used car that you typically find on a used car lot.

Is Now a Good Time to Trade In a Car?

Yes! There has never been a better time to trade in a car around Fairport.Take the following example. Let’s say you use our payment calculator to estimate your monthly payment and see if purchasing a used Volkswagen Jetta listed at $25,000 is a good idea. If the vehicle sells typically for $23,000 (so it is now $2,000 more than before) but you’re trading in a car that would usually fetch $15,000, but now you can get $18,000 for it, you’re $1,000 ahead!!

How To Get a Lower Interest Rate on a Car Loan

How do you get a lower interest rate on a car loan? Check your credit history and shop around. The higher your credit score, the lower your auto loan interest rate will be. What is a good interest rate for a car loan now? Anything between 3.5 and 5.5 percent is a good rate. But be careful to review the offer and not just focus on the payment, ignoring the rest of the terms. Read all the details and discuss any issues.

Trade-In Your Vehicle at Ide VW of East Rochester Today

So, is now a good time to buy a car? We think so! Why not visit us at Ide VW of East Rochester in East Rochester and find out? Browse our inventory online or at the dealership, including our priced under $15k selection!