May 5, 2020
Right now, auto manufacturers and car dealerships are offering very large incentives on new vehicles to spur sales in response to much lower consumer demand as a result of Covid-19. Many auto manufacture lenders are offering interest rates at 0% interest APR for up to to 84 months. In addition, consumers also have programs available that feature no car payments for up to 6 months. Auto dealerships are also discounting the sale prices of virtually all their in-stock inventory. The end result for new car buyers today is consumers are realizing a substantial reduction in both the monthly payments as well as the overall price of the vehicle.
Used car prices are priced relative to market demand and these prices can be seen by several Used Vehicle pricing tools available on the internet. Kelly Blue Book is considered by many to be the most reliable source of Used Vehicles values. As a result of the current economic situation, the Used Vehicle values on Kelly Blue Book have been lowered by an average of 12%. This means if you’re considering purchasing a used vehicle, you’ll now get a nicer used car for less money than the beginning of 2020.
The car buying process is changing; customers and dealers alike are moving to an online buy online process which helps car buyers do more of the transaction away from the dealership. This process shortens the time needed to be onsite at the dealer. Many car dealerships now have in place all-new processes in place to maintain social distancing standards and touch-free transactions. Browse our large inventory of new cars at Dick Hannah Dealerships and experience touch-free experience.Contact Us