In a Business Insider article, auto industry experts address car buying challenges amid high interest rates, uncertain inventory, and economic instability, offering insights to help consumers make informed decisions and secure the best deals. Scott Kunes, our COO, acknowledges the ongoing supply chain constraints and suggests that those who need a car now should not wait, as inventory may tighten again.
To navigate the car buying process, dealers recommend that customers ask nine essential questions, pay attention to current prices, available inventory, supply chain issues, incentives, and trade-in values.
Despite the market beginning to normalize, if a buyer can hold off on a purchase, they might benefit from better interest rates, incentives, and overall prices in the future.
To read the full article, click here.
Want to dig deeper? Continue reading more details below.
Buying a car can be a daunting task, especially with high interest rates, uncertain inventory, and economic concerns on our minds. At Kunes Auto and RV Group, we understand these challenges and are here to help you make the right choice and get the best deal possible.
Since you’ve made it this far in our post, we'll share some expert advice on what to consider when purchasing a vehicle and how to navigate the car buying process.
Ask the Right Questions:
When purchasing a car, it's essential to ask the right questions. These questions will help you understand what you want, what you need, and what you can live without. Make a list of your priorities before visiting the dealership to ensure you find the perfect car for your needs.
Research Current Prices and Inventory:
Stay informed about current prices and available inventory in the market. Monitor trends and fluctuations to make an informed decision on when to buy. Be aware of supply chain issues and incentives that may affect prices and availability.
Build Relationships with Dealers:
At Kunes Auto and RV Group, we believe in fostering long-term relationships with our customers. We're committed to helping you find the right vehicle not just once, but over and over again. Don't hesitate to ask questions and seek advice from our team – we're here to dazzle you and show you what we have to offer.
Explore Lending Options:
Before visiting a dealership, research lending options from various institutions. In-house financing may not always offer the best interest rates, so check with your credit union or other lenders to find the most competitive rates.
Time Your Purchase Wisely:
Our COO, Scott Kunes, says, “I don’t expect to see a days’ supply that we saw before where there were really massive incentives to get these vehicles to move. I think that there’s still so much demand there that may start to push that supply down again.” He advises customers not to wait if they need a car now, as supply chain constraints may lead to further inventory shortages.
However, if you can afford to hold off on purchasing a vehicle, you might benefit from better interest rates, incentives, and overall prices in the future.
At Kunes Auto and RV Group, we understand that car buying can be a challenging process, but with the right approach and guidance, it can be a rewarding experience. Keep these expert tips in mind as you’re shopping for a car, truck or SUV, and don't hesitate to reach out to our team for assistance.
When you’re ready, we are here to help you find the perfect vehicle to suit your needs and budget.
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