The demand for automobiles has been going up, which has led to an increase in used car prices. In 2012 there was a $221 billion increase in sales for new and used vehicles, with the demand being highest for trucks and SUVs.
Car shopping season is in full swing! Right now, there are nearly 2 million cars on the market. Depending on which report you read, 20 to 30 per cent of those cars are used – but only a fraction of those vehicles are less than 36 months old. We’re in a low inventory car market. And that means prices are on the upswing.
If you are looking to buy a car in a low inventory car market, there are certain steps you could take to ensure your purchase is as smooth as possible. This article will introduce new car buyers to the critical knowledge they will need to successfully purchase a car when the car market is low in inventory.
We will cover the following topics: what is a low inventory, why is this situation created, how can you be successful and get a great deal while buying a car during these times.
Buyer beware
Let’s say you intend buying a car anytime soon. In that case, you may have already noticed that there aren’t many options available. When I started looking for our new vehicle, we had to decide whether to wait until the inventory was back up or buy now. Sometimes buying a new car is not always the best option, and we almost always buy used, but this time around, there just wasn’t much choice. We had to buy used, and it didn’t take long for us to realize that being buyer beware is a strategy when you intend on buying a car in a low inventory car market.
When I started looking at cars, I was shocked to see how many crummy vehicles were still there. I am not talking about the price of the car but rather the maintenance history. In my opinion, if it has been in an accident, big or small and has not been fully repaired, then you should stay away. If it has been “totaled”, don’t even look at it unless it has been fully fixed to be safe again. Many people don’t care if they are driving a death trap, and they will flip those cars as quickly as possible.
Don’t Rush Your Purchase.
When buying a car in a low inventory market, the best thing you can do is to not rush. It may take a while to for you to find what you want, so try to be open-minded about what kind of vehicle you’re looking for.
Know What You Want
That being said, you must know what you want from your next car. It would help if you had at least a general idea of features and options that would make your next vehicle the perfect one for you. When you find something close to what you want, you won’t be afraid to pull the trigger on the deal.
Be Flexible with Your Budget
If possible, it’s best if you can be flexible regarding how much money you want to spend on your next car. Once again, this is where it’s good to have an idea of the kind of vehicle that will be a match for your needs and lifestyle. If certain cars fit your budget more than others, consider those options more heavily.
Finding a car while inventory is low can be extremely difficult. As if buying a car isn’t already stressful enough, the added pressure of having limited selection makes the process that much more annoying. While it’s tough to find what you want when inventory levels are low, it’s not impossible. If you’re willing to work with your dealer, you can find the right vehicle for the right price.
Fort Lauderdale’s Most Trusted Car Leasing Company
If you’re looking for car leasing in Fort Lauderdale or the Miami area, Signature Auto Group Florida is the place to be. As a leading leasing broker, we help customers with early lease exits, lease swaps, new leases, and everything in between. With two decades of experience in the New York area collected, our company is confidently expanding its expertise to the South Florida region.
Becoming the go-to company for early lease exits in Miami and Fort Lauderdale is no easy task, but with our commitment to customer service led by a motivated staff, our entry is already favored by most. Standing by you every step of the way, our company strives to guide you in the right direction. Whether buying, leasing, or selling, a dedicated team member is here to attend and impress.
Along with our excellent staff, Signature Auto Group Florida offers a diverse array of services, separating itself from other car dealers in South Florida.
Car Leasing Florida
Serving areas from Aventura to Boca Raton, our reach is vast. As such, our inventory is built to serve all types of clients. With an impressive list of available cars for lease in Miami, we have a special vehicle for everyone.
Leasing a car is beneficial for many consumers. It provides a way to save on costs while evading any long-term commitments. Drivers remain open to the possibility of new vehicles, always able to keep their driveways fresh.
With our extensive industry knowledge and decades-long relationships, we’ve been able to build one of the most desirable inventories around. With most makes and models available, our lot is the only place you need to visit for your next lease.
Contact Signature Auto Group Florida Today!
Signature Auto Group is the best destination for car leasing in the Fort Lauderdale and Miami area. We offer an extensive inventory made up of all makes and models, along with an experienced staff dedicated to making your next visit pleasant and straightforward.
We aim to provide as many avenues of communication as possible, allowing you to interact with our team in a manner that is most comfortable to you. Regardless of the question, feel free to email us directly at info@signatureautofl.com or use the built-in contact form. If you prefer a call instead, you can reach our team at (561) 709-2277.
You can also stop by our location to speak with us in person. We are located at 291 E Commercial Blvd, Fort Lauderdale, FL 33334.
Fort Lauderdale’s Most Trusted Car Leasing Company
If you’re looking for car leasing in Fort Lauderdale or the Miami area, Signature Auto Group Florida is the place to be. As a leading leasing broker, we help customers with early lease exits, lease swaps, new leases, and everything in between. With two decades of experience in the New York area collected, our company is confidently expanding its expertise to the South Florida region.
Becoming the go-to company for early lease exits in Miami and Fort Lauderdale is no easy task, but with our commitment to customer service led by a motivated staff, our entry is already favored by most. Standing by you every step of the way, our company strives to guide you in the right direction. Whether buying, leasing, or selling, a dedicated team member is here to attend and impress.
Along with our excellent staff, Signature Auto Group Florida offers a diverse array of services, separating itself from other car dealers in South Florida.
Car Leasing Florida
Serving areas from Aventura to Boca Raton, our reach is vast. As such, our inventory is built to serve all types of clients. With an impressive list of available cars for lease in Miami, we have a special vehicle for everyone.
Leasing a car is beneficial for many consumers. It provides a way to save on costs while evading any long-term commitments. Drivers remain open to the possibility of new vehicles, always able to keep their driveways fresh.
With our extensive industry knowledge and decades-long relationships, we’ve been able to build one of the most desirable inventories around. With most makes and models available, our lot is the only place you need to visit for your next lease.
Contact Signature Auto Group Florida Today!
Signature Auto Group is the best destination for car leasing in the Fort Lauderdale and Miami area. We offer an extensive inventory made up of all makes and models, along with an experienced staff dedicated to making your next visit pleasant and straightforward.
We aim to provide as many avenues of communication as possible, allowing you to interact with our team in a manner that is most comfortable to you. Regardless of the question, feel free to email us directly at info@signatureautofl.com or use the built-in contact form. If you prefer a call instead, you can reach our team at (561) 709-2277.
You can also stop by our location to speak with us in person. We are located at 291 E Commercial Blvd, Fort Lauderdale, FL 33334.
Fort Lauderdale, Florida Car Leasing Return Center
If you have an car lease that is due to reach maturity, we at Signature Auto Group Florida can accept your lease return even if you did not lease it from us, all makes and models! Let us guide you through the process of turning in your current lease as well as provide all the information you need on leasing a new car.
If your lease is maturing soon, we suggest that a pre-inspection of your vehicle is conducted. This inspection will evaluate your vehicle’s condition using the Vehicle Condition Guidelines. After the inspection, we’ll provide you with a Vehicle Inspection Report, documenting your vehicle’s condition at that time. Save Big by returning your car with Signature Auto Group.
Fort Lauderdale, Florida Car Lease Transfer
A lease transfer works by allowing one driver to transfer their lease to another, who must qualify for credit approval with the finance company. A lease transfer is a simple process in which the name on a lease account is changed for the duration of the term. Other than the registered driver and the name on the lease, the remainder of the lease contract is unchanged. This includes mileage restrictions, wear-and-tear restrictions and the total length of the lease in months.
Fort Lauderdale Early Car Lease Buyout
Want to get out of your car lease early and into another car? Signature Auto Group Florida offers an early lease buyout program just for you. When you are leasing a vehicle, you can purchase your vehicle before the end of the lease contract. There are some instances when your car may be worth more on the market than your buyout price, and in this instance, you can actually make a profit!
