Ask An Expert: Top 3 Car Buying Tips In This Market

With inflation on the rise, lingering supply chain shortages, and limited new vehicle inventory, it can feel like a daunting task to head to the dealership if you’re in the market for a new vehicle.

Not to worry - we checked with our in-house sales experts on their top tips for car buying in this market. Check out their tips below!

 

1. Prepare Your Financing

The sooner you can arrange financing, the sooner you’ll be able to secure a deal on the vehicle of your dreams! Shop available rates with your bank, credit union, or ask the finance team at Heritage Honda Bel Air, Parkville & Westminster to help! We have strong relationships with financial institutions to secure you the best rate, plus sometimes dealer financing benefits from manufacturer subsidies that allow the dealer to offer a lower interest rate than you can get from your bank.

2. Opt for Reliability, But Be Ready To Compromise (a little)

Even though prices are higher than usual, your best bet is choosing something reliable that you can keep for the long haul! Consult online reviews, don’t be afraid to test drive different models, and use your sales and leasing team as a resource. With limited inventory, a dealer may have the model you want, but the vehicle may not have some of the features you were looking for. Decide which options are non-negotiable and be willing to compromise if necessary.

3. Factor Your Trade-In

Used vehicle values are still at historic highs and pre-owned inventory continues to be in high demand! Take advantage of the market by trading or selling your vehicle especially if your vehicle is newer, in demand, or has relatively low mileage.

Need more advice? Stop in to Heritage Honda Bel Air, Parkville & Westminster, or give us a call at 855-862-5533. Our team would be happy to talk through different financing options, availability, or help reserve your next vehicle.