Is Now a Good Time to Buy a Car?

2022 was not a great year to buy a car. With chip shortages and rising interest rates, many Providence drivers who wanted to purchase a new car simply couldn’t get one. How is 2023 shaping up? Supply chain issues are easing and new car inventory is growing, although prices are still higher than before the pandemic. But this is a great time to trade in your current vehicle, and that could bring the price of a new one down substantially. What about used cars? The used car market is definitely looking up. Find out whether now is a good time to buy a car, then check out the new vehicle specials and current used car offers at INFINITI of Warwick.

Is Now a Good Time to Buy a New Car?

The answer to the question, “Is now a good time to buy a new car” depends on how badly you need one. While prices are starting to come down from historic highs and new car inventories are growing, new cars are still expensive. You may want to wait until the fall when new models are released and current models are discounted. But what if your car is in bad shape and is costing you more in repair bills than you want to sink into it? If you need a car, there is no reason to wait. Talk to the finance team at INFINITI of Warwick about your options. 

Is Now a Good Time to Buy a Used Car?

So, is now a good time to buy a used car? The news for used car buyers is not as good as for Coventry new car buyers. The demand is still greater than the supply, especially for older, lower-priced used cars. You may have more luck with a Certified Pre-Owned Vehicle. These are cars that were out on lease and returned. They are more expensive than used cars you will find in the classifieds, but they have been through a thorough inspection and are of much higher quality.

Is Now a Good Time to Trade In a Car?

So is now a good time to trade in a car? Yes, it is! As new car prices come down and used car prices remain high, drivers in Cranston can benefit from trading in their vehicles. Use this online tool from INFINITI of Warwick to find out the value of your trade. 

Come to INFINITI of Warwick for Your Next New or Used Car!

When it is time for a new or used vehicle, the team at INFINITI of Warwick will do their best for you. Contact us to find out about how we can help you get into your next ride!