Overview
If you are currently in the market for a new vehicle, we know the appeal of that new car smell, the latest technology and safety features, and the ease that comes with letting the dealership do the legwork for you can be hard to pass on. However, with the nationwide chip shortage, new models are unable to reach the lots, leaving many with the demand and no quick solution. Consider buying a used vehicle that can solve your problems now with lower prices, less depreciation, and even option packages/ models that aren’t made anymore. Read on for a more in-depth breakdown of buying new vs used.
The Microchip Shortage
At the beginning of the COVID-19 outbreak, automakers throughout the nation saw production come to a halt as some tried to focus on building safely and others shifted production entirely to medical equipment. As a result, these companies canceled their microchip orders with the thought that they wouldn’t be needed for a while. However, the demand for new vehicles returned quicker than anticipated, leaving automakers short on this crucial piece and production significantly stalled. In fact, Automotive news reported that U.S vehicle production was at 6.6 million units for the first half of the year: 3 million fewer than the same time in 2019. Luckily for consumers, used cars and trucks are widely available.
Buying Used
So, why would you buy a used vehicle instead of just waiting for the new models to hit the dealership? Well, that's just it: it still hasn't been determined just when automakers will be able to install the necessary microchips and meet the demand for new models. With your need for a change in transportation, we understand there’s no time to waste when finding a vehicle that fulfills your requirements.
Opting to purchase a used vehicle will also relieve you of the stress of that first scrape or ding that begins your new car’s transition to used; some models losing 40% of their value within the first year. With a used vehicle however, you don't have to worry about each move and how it will affect your vehicle after you leave the dealership. A worn-in vehicle saves you the mental stress of fearing each scratch for a much more agreeable price. Speaking of agreeable prices, with purchasing a used vehicle, insurance rates are also typically much lower. Enjoy the relaxation and cheaper rates with your new, used vehicle!
Another thing that can’t be found in new vehicles is certain option packages, wheel designs, or models that have been discontinued. Is there a specific option you wish was still available? The beauty of purchasing used vehicles is the ability to step back in time to those lovable qualities you missed.
Our Used Specials
Now that we’ve convinced you that buying used is the way to go, we understand if you’re unsure where to start. If you don’t already have a specific vehicle picked out, check out our current used specials! Right now we’re selling used vehicles at a reduced price on our website or come in today to see what we can offer.