As the economy rebounds from pandemic uncertainty, more people are looking to buy a new car. But unfortunately, auto makers are experiencing semiconductor chip shortages and supply chain problems, which means that the demand for new cars is growing faster than the supply.
As a buyer, you might find it more difficult to get exactly the car you want right away. In some cases, the cars on the lot may already have expensive options or accessories installed, which could drive up the price. And overall, prices for both new and used cars have been rising.
The Waiting Game
If you can continue to drive your old car for a few more months, you could have a wider selection to choose from. As chip shortages and supply chain issues improve, auto makers can start producing more new cars. So, if you’re willing to wait and give manufacturers a chance to catch up with consumer demand, you may see more cars at the dealership later in the year.
Our Car Buying Service Can Help
You could also consider ordering a new car rather than choosing one off the lot. With VyStar’s Car Buying Service, you can search online for the make and model you want. Then, select the options you’re interested in, and the service gives you a list of cars at dealerships near you that are the best matches for your criteria.
Get Preapproved First
Whatever buying strategy you choose, it’s a good idea to get preapproved for a car loan so you’re ready to buy once you find the car you want. In this market, your dream car could be snapped up by another buyer if your financing isn’t in place before you start shopping. We offer lower rates on car loans than most financial institutions, with no hidden fees or prepayment penalties.
No Payments for 90 Days
We offer our members a wide variety of flexible loan terms and promotions, including our “No Payment for 90 Days” offer on new car loans.** This can help put some extra cash in your pocket, which always comes in handy.
If you want to learn more about getting a car loan or car insurance through VyStar, or about our the VyStar Car Buying Service, give us a call at 904-777-6000 or 800-445-6289. We’re ready to help you Monday through Saturday, from 7:00 a.m. to 7:00 p.m., excluding holidays.