With Pricing Soaring, Where Should You Shop for Your Next New or Used Car?

With Pricing Soaring, Where Should You Shop for Your Next New or Used Car?

Vehicle prices rose rapidly due to supply and demand issues during the pandemic a few years ago, and those prices are staying high in 2023 despite expert predictions.

But that doesn’t mean people aren’t buying new and used cars right now. So how can you find a place to shop for your next vehicle that considers reliability and affordability at the same time?

Start by considering the many options open to you below.

Your New Car Options

When you’re looking for a new car, most of your options are directly related to the manufacturer – which can actually be a good thing.

You can purchase a new car from a manufacturer, through online car retailers, or through a dealership – which could be connected directly to a manufacturer or a separate entity.

By buying a new car from the manufacturer or a dealership, you can guarantee the state it will be in through strict records that companies have to keep. You can also take advantage of deals and make payment plans that reduce costs.

If you buy a new car through an online car retailer like Driveway or Autotrader, you get the convenience of finding all kinds of brands in one place and delivery to your door. Deals are also easier to come by, but remember that anyone other than the manufacturer will likely need to upcharge to make a profit.

Your Used Car Options

Options for buying used cars are the same as buying new ones, but there’s an added option: individual sellers.

Through manufacturer-affiliated dealerships, manufacturers can still profit from the sale of used cars while giving you all the same buying benefits – manufacturer specials and reliable quality.

Used car dealers that aren’t directly affiliated with manufacturers also give you great deals on used vehicles, though their reputation calls for careful consideration before purchase. These dealerships are more likely to give you a good deal but less likely to give you a good car unless you have a trusted mechanic inspect it first.

Individual sellers are largely unregulated, so you have to be even more careful. If you buy a used car from a friend or coworker, you can get a great deal! But you’re often getting a fixer-upper or a vehicle you don’t know the reliability of.

So which of these options is the best?

What’s the Best Place to Shop for a Car?

If you want a new car, the best place to get one is directly from the manufacturer or through a manufacturer-connected dealership. That way, you get the most reliable vehicle while also taking advantage of cost-saving deals and financing plans.

But if you’re buying used cars, your options are based more on your needs. If you need a cheap car from someone you trust, buy from an individual seller. If you want more options, try an online retailer.

And if you want a more reliable vehicle and a payment plan option, get a used car from a dealership instead.

Now that you know your options, where will you go for your next car?

 

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