For folks out there for a brand new car, there won’t be a lot room to negotiate the sticker value down. Meloan stated sellers have “major mark-ups” occurring right now because of the price of doing enterprise. A lack of latest incoming cars means the current ones on a dealer’s lot will go for a premium, so the sticker value jumps — often excessive enough to deter a quantity of customers, who then flip to the used car market. However, some automakers like Ford and General Motors reported earnings for 2021, however still have unfinished automobiles sitting in lots outside factories because of the microchip shortage. Online car dealerships are not the place to discover a $5,000 beater. If you’re on a really limited finances, there are higher places to find an inexpensive car, like your local Craigslist or Facebook Marketplace.
If you are new to purchasing a vehicle from …Read More