Is Now a Good Time to Buy a Car?

Car dealer giving car key to buyer
There have been a lot of attention-grabbing news stories in 2021 and 2022 — like this Money article — that discourage shoppers, saying now is not a good time to buy a car. But that’s quite an over-generalization. Even though there are industrial shortages that might add some expense and difficulty in finding a new car, that doesn’t mean it’s necessarily not a good time to buy a car. It also happens to be a great time to trade in a vehicle, which can balance any price increases you might encounter. Dig a little deeper into if now is a good time to buy a new car with the team at Mike Murphy Ford.

 

 

Is Now a Good Time to Buy a New Car?

Peoria drivers will certainly notice that new car prices are definitely higher than they were two years ago. But that doesn’t mean that it’s not a good time to buy a new car. Take a look at your situation. Is your old car in need of repairs that will cost more than making payments on a new car? If so, now is a good time to buy a new car so you don’t find yourself stranded on a East Peoria street. Our financial team can help you get the best deal possible, and you can also shop our new vehicle specials to get discounted prices.

Is Now a Good Time to Buy a Used Car?

You’ve probably noticed that even used car prices are up in Pekin. But take a look at the used car selection available. You’ll find more newer, low-mileage used cars for sale than ever before. That’s also part of the market fluctuations. While you might find yourself paying more money, you’ll also be getting more car. Now is a good time to buy a used car, for sure!

Is Now a Good Time to Trade In a Car?

Absolutely! Dealerships like Mike Murphy Ford are looking to keep our used vehicle inventories robust, and for that, we need to keep a good stock of great used cars available for sale. While used car prices might be higher, part of the reason is that we’re paying sellers more for their trade-ins. Use our Value Your Trade calculator to get an estimate of what we’ll offer you for your trade. You might be surprised!

Trade Your Car with Mike Murphy Ford

Are you ready to get the best deal possible on a car in Morton? Just bring your car to us and start the trade-in process today. Also, take a look at our car-buying tips to learn everything you need to know to make it a good time to buy a new car.

 

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