Car Buying and Leasing During the Pandemic: What You Need to Know According to Car Dealerships in Albuquerque, NM

 

The pandemic has changed how many industries operate. From manufacturing to distribution, the automobile industry is one of the many that has had to adapt along with these changes. Perhaps the biggest change is the fact that cars are basically bought from a virtual showroom.

Most car dealerships in Albuquerque, NM have a carefully curated website that runs through the specifications of each make and model in their showroom. Only when the customer is seriously considering a purchase will there be an appointment booked for test-drives. This necessary evolution of car dealerships reflects the changing times in the car industry today.

Though this process is certainly different, it highlights how car buying can still continue safely. So for all you car enthusiasts getting your hands on the latest car is still very much within your reach.

Buying a New Car During the Pandemic

Surprisingly, car buying is generally holding at normal levels. You should still be doing research into the type of car you want and figure out the best car loans. An upside to the pandemic is that car dealers have had to put in more effort to bring in sales. This means bigger savings to your purchase.

Car dealers near your area could be offering attractive incentives and very reasonable loan rates. Many automakers have even gone on to include healthcare workers into their military and first responder discount programs. If you fall into these categories, it will be wise to look out for dealerships that offer these programs. Savings could be as much as an additional $500 off on your desired car.

Though the process to getting your car may be a little slower, the savings that are up for grabs make things worth it. However, if it is a popular model you are after, getting your hands on one may be more difficult. Long-term closure of automobile factories and delays in shipping has resulted in a shortage of certain cars. So if your heart is set on a specific model, act fast.

Leasing a Car During the Pandemic

Leases are contractual obligations between you and the leasing company. They are not subject to change and have to be made every month or you risk ruining your credit score and making all future car purchases much more expensive than they need to be.

Though some car manufacturers are currently offering zero down payment deals on some of their models, the ability to maintain a car lease must be seriously considered.

Buying a Used Car During the Pandemic

In the early days of the pandemic, used car prices were at an all-time low. With offices and most places closed, having a car became an unnecessary expense, especially since a number of people were suffering from job loss.

However, since those days, the prices for used cars have surged. Cars are definitely more pandemic-proof, offering more safety than public transport. Furthermore, as the average household income has decreased, used cars are now a more fiscally responsible option.

Used cars are certainly cheaper and many auto car dealers are also offering low-interest financing deals. Plus, Kia dealers in Albuquerque, NM also have several certified pre-owned cars. These are cars that have been used very gently with an insignificant amount of mileage clocked on the odometer.

Ultimately, car buying during these times has changed quite a bit. It’s important to stay up-to-date on news that may affect car manufacturers and car dealers. As with every other car that you have bought, it is important to do your research and make choices that you will be able to honour as time passes. Want to know more? Check out Fiesta Kia for more helpful tips!