More and more people are moving to used car options over new car ones with the hike of new car prices.
The new car prices of hitting around $39,000 who has the money to pay that yes I’d go after a used car too.
With the shift to used cars in the Chicago area, it can make it hard for automakers to sell new cars but if you can get the same car with the same features but only two or three years older why wouldn’t you? Buying used cars for less can be better for consumers when they can spend less money.
What do most people want with used cars?
Most car buyers are looking for value when it comes to a car and a used car is normally cheaper and the better alternative than buying new.
You just have to know that in Chicago a lower price model just makes used vehicles much more attractive and not to mention that auto lenders in Chicago want you to spend no more then 15% of your income and that’s even with good credit so think about it if you have bad credit.
There is a demand for used cars in the Chicago area
With the demand for used cars, car dealers may not have any other option than to drop down the prices of some new cars. Some car buyers in Chicago may even think I can’t be picky with bad credit and maybe I’ll get what I want next time.
Car dealers are really just going to have to keep interest rates low and cash offers an option to keep car sales in Chicago at their best. That means down payments are probably going to have to be flexible and affordable for people.
The price has to be right for a new car sale in Chicago
New cars won’t move unless the price is right and a two-year-old used car is attractive to look at so never turn up your nose at any used cars at a Chicago car dealership.
When looking at any car in general you want to go off these few things.
- What works for you? SUV, Truck, or Midsize
- What’s affordable for you even with a down payment?
- Mileage and maintenance on the car? Basically what kind of warranty can you get?
- Can you finance the new or used car for six years or less?