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Is Now a Good Time To Buy a Car?

2021 Porsche 718 Boxster parked on pier

 

Have you ever wondered, “Is now a good time to buy a car?” or “When is the best time to buy a car?” For many Metairie drivers, the best time to buy a new car is when your current car costs more to maintain than its value. We at Porsche of New Orleans understand that holding onto your current vehicle can keep you from having to make monthly payments when it’s paid off—but if it causes you to feel unsafe on New Orleans roads or is always breaking down, it’s probably time to upgrade. Learn more about why you should buy a car now from Porsche of New Orleans.

When is the Best Time to Trade-In Your Car?

Porsche of New Orleans takes pride in removing the hassle of trading in your car. Plus, we’ll give you top dollar! Currently, there is a shortage of good used cars. But when is the best time to sell your car? The prices of pre-owned cars tend to be a bit higher in the spring because that’s when many people get their tax returns. Here’s how to know when to trade in your car and buy a new one.

  1. Do some research to determine the value of your current car by using the Porsche of New Orleans value your trade tool or by using Kelly Blue Book.
  2. Take your car to your favorite Kenner neighborhood mechanic and ask how much they think it might cost to maintain it during the next year.
  3. Remember, your car’s value continues to go down over time, so if you think the funds you’d spend on service and repairs would be better spent on a down payment for your next car, then buy a car now!

Holding on to your aging car is only wise if you don’t have to spend too much money on repairs. If your car is in good shape, holding onto it a little longer may help you save up for a larger down payment, which ultimately means lower monthly payments. Plus, loan interest rates are low, but the Feds are about to increase them, so why wait?

Why Right Now Might Be a Good Time to Buy a Car

Many things are causing pre-owned car values in Gretna and beyond to skyrocket, including the semiconductor shortage and the manufacturing challenges caused by the pandemic. If you think that means finding the ideal new car for you might be too challenging right now, there is a simple solution. You can order your new Porsche through Porsche of New Orleans and trade in your current car when the new one arrives! You can even get a value for your trade-in now!

Buy a Car Now From Porsche of New Orleans!

Is now a good time to buy a car? Yes, it is! Whether you’re shopping for a new or pre-owned Porsche, now is the best time to buy a car. It’s easy to sell your current vehicle to Porsche of New Orleans. Feel free to apply for credit online or at the dealership, and don’t forget to browse our new vehicle specials. Then, reach out to us and let us know how we can be of service.

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