If you have been thinking of buying a new car for a long time, you may have decided that this year is the one when you will take the plunge. Many people put off buying a new car for various reasons such as their finances or simply because it can be a daunting and challenging experience. However, if you need a vehicle for work and other practical reasons, now could be the right time.
It is important to consider a few key factors if you are thinking of buying a new vehicle in 2022, and this will help the process to run far more smoothly. This is an important decision for most people, so you need to plan ahead to ensure that everything goes to plan. You can even get expert help with buying your new car, and this can make the process run even more smoothly.
In this article, we will look at a few of the key considerations when it comes to buying a new car in 2022.
Supply of cars- “The elephant in the room!”.
One of the key things that you need to consider in 2022 is the lack of supply and long waiting times in purchasing a new car due to the COVID affected car market. That doesn’t mean that you shouldn’t buy a new car just that you may not get immediate delivery and you may have to order and wait longer to receive your car. This needs to be taken into account into your purchasing decision if you wish to buy a new car in this market.
A number of factors including chip shortages, supply chain issues, component shortages with car manufacturing closures and reduces production have caused a shortage of new cars. It means new car stocks waiting in Dealerships as we have traditional known, currently, are in very short supply.
Demonstrator vehicles and associated discount prices are minimal at best as they are being retained by Dealerships for test drives for potential customers so they can order cars. Waiting times for cars vary between manufacturers and models with Hybrid vehicles in particular having some of the car industries longest waiting times. In some cases waiting times can be nearly 12 months.
So if you are planning to buy a new car in 2022 you will need to to have patience, flexibility and consider having a “Plan A” and “Plan B” in your kit bag. The decision on timely supply of a new car you want may be the difference between choosing the best car next to the second best car for your needs and budget.
How You Will Pay
One of the key things that you need to consider is how you will pay for your new car. Cars can be very expensive these days, so you need to make sure you do your calculations and work out what you can afford to spend. There are, of course, different options that you can consider depending on your needs, preferences, and financial circumstances. For instance, you could get finance from the dealership, or you may want to take out a bank loan to pay for the vehicle. You may even be lucky enough to have enough saved to make your purchase outright. Think about your financial situation and make sure you consider all the options so that you can make a more informed decision.
Getting Expert Assistance
Another thing you may want to consider is getting expert assistance to help you to purchase the right vehicle. These days, many of us lead very busy lives, and taking time out to try and find and purchase the ideal vehicle can be difficult. In addition, some people are not accustomed to vehicles or know very little about them, and they may not have the confidence to make their purchase with assistance.
The car buying process can be overwhelming for some buyers as it is an infrequent transaction for most, the process is unfamiliar and there is a maze of new cars to consider.
Some of the key elements to successfully buying the right car is to understand your car needs now and into the future, as they may not be the same. Changing lifestyle, a growing family and downsizing are all elements that may mean a different car to what you have previously owned.
New technologies, infotainment systems, safety aids, fuel efficiency, different types of engines such as hybrid, plug-in hybrid or even electric vehicles are all options that need to be considered. The size of car matching your future needs. Will a popular SUV be the best choice or would a station wagon do the same job and be more fuel efficient and have the upside of driving like a normal car?
The right car for your neighbor that sits in his driveway may not be the right car for you and your particular circumstances, needs and budget.
The good news is that there are experts who can provide you advice, guide, help you to find the perfect vehicle for your particular needs and to complete the purchase. They can even do things such as run checks, undertake the test drive, and get the paperwork sorted for you.
Your Old Vehicle
If you have an old vehicle that you will be getting rid of, you also need to think about what you will do with it. Some people simply trade-in the old vehicle for the new vehicle that they are getting. However, this is not always the most cost-effective option.
In this current, COVID, distorted car market it has become a genuinely sellers’ market. Above average prices are being obtained by private sellers for used vehicles due to the difficulty of obtaining supply of new vehicles. The current drivers of this market are unlikely to change in the short term. If the vehicle is in good condition, you may be better off selling it privately through advertising, or you may even want to pass it down to a family member. If the car is in bad shape, you can consider car removal companies to get it removed and get some cash for it.
Let Our Experts Help
If you want expert help when it comes to buying your new car, you can rely on the experts at My Next Car Buying Advocacy. We can provide you with a comprehensive service that will make the entire process far easier for you.