880 Walkers Line, Burlington, ON, L7N 2G2, Canada

Want to Buy a New Car in Halton Hills? Do it Soon

Want to Buy a New Car in Halton Hills? Do it Soon

This might seem like a scare tactic or a sales pitch; however, nothing could be further from the truth, as our team explains why you should buy a new car in Halton Hills if you're thinking about it.

 

Canadians who have been putting off buying a newer vehicle should move forward with their buying decision as soon as possible.

 

The economy is experiencing a series of unique challenges that could make it very difficult to buy a new car in 6-12 months from now, so this is the time to strike while the iron is hot.

 

There is a shortage of vehicles in the current market

 

Throughout the Covid-19 pandemic, most Canadians held off making large purchases like buying a new car; given the economic uncertainty, no one could blame them.

 

During the course of those two years, demand for cars built up, and it finally reached a pivotal moment when early this year, most of the restrictions associated with the pandemic have been or are in the process of being lifted.

 

Carmakers are trying to boost production, but they are being overwhelmed by two-plus years of demand.

 

The demand for cars has driven up the retail prices of both new and used cars, which is great news for anyone who is thinking about trading in their vehicle and buying a new one.

 

You should move forward and make a buying decision because the demand for cars is growing monthly, and it will take some time before carmakers can get ahead of the production curve.

 

Interest rates are going to start climbing

 

The Bank of Canada has no choice but to raise interest rates and continue to do so for some time.

 

Inflation is at 5% and is going to continue increasing the longer interest rates are kept artificially low.

 

During the pandemic, the Government of Canada and the Bank of Canada both tried to keep the economy propped up by printing massive amounts of money.

 

This cash did keep the economy going, but now there is too much money chasing too few products and services. It could take up to 24 months before the interest rates start to slow inflation, and during that time, the costs to borrow money for a new car are going to climb.

 

Before these interest rates start to climb, you should start reviewing the various car loan options that are available.

 

How to tap into wholesale car loan interest rates

 

The websites you see advertising car loans online offer you retail interest rates, even though they claim to have the best deals.

 

If you want to access the most competitive car loans throughout Halton Hills, even if you have credit issues, then you must work with a local car dealership.

 

These dealerships already know all of the lenders in Canada and will let you know which ones are going to offer you the most competitive deal.

 

When you work with a local dealership, they are going to provide you with top-notch customer service and find you the perfect car for your budget.

 

There is no substitute for the personal touch you will receive when going through a dealership, so contact the dealership now.

 

We’d love to help you buy new car in Halton Hills. Simply fill in the form below and we’ll get back to you ASAP or see our selection of used cars at our Burlington dealership. 

 

Thanks for reading. Be sure to connect with us on Facebook, Twitter, Instagram, or LinkedIn to stay up to date on our latest great articles! 

 

    Finance Application

    By submitting this information, you are accepting that it may be collected, used and disclosed as described in our privacy policy.
     

    Categories: Auto Loan

    Tags: ,