We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

5 Car-Buying Mistakes to Avoid in Today’s Overheated Market

1 25 7
23.10.2021

If you’re shopping for a new or used car in today’s overheated market, you’ll find that the game has changed. A variety of conditions have seemingly given sellers the upper hand.

“Skimpy inventories and sky-high prices have caused many buyers to postpone their purchases,” says Michelle Krebs, executive analyst for Cox Automotive, a leading communication, media and automotive service company.

Postponing your purchase until the market stabilizes is the best option. But if you have to buy a car now, make sure you avoid these five common mistakes:

This is a new car-buying environment and you may need to reset expectations. Here are the significant adjustments to be aware of before you can snag a car:

Pricing. Most buyers are paying sticker price or above, and “there is no end in sight for price increases,” says Ivan Drury, senior manager of insights for Edmunds.com, an online resource for automotive inventory and dealer reviews. For used vehicles, “the ceiling keeps rising as new transaction prices reach all-time highs,” he says.

Krebs........

© Entrepreneur


Get it on Google Play