The word is getting out: Right now is the perfect time to buy a new car, and we’ve already helped plenty of drivers from the Los Angeles, Long Beach, and Downey area take advantage of this incredible opportunity at the Norm Reeves Hyundai Superstore in in Cerritos.
But we know what you’re thinking: Why is right now such a great time to buy a car?Well, here are three good reasons:
1. Low Interest Rates = Cheap Car Loans
When you finance a new car, the interest rate on the loan is typically referred to as the cost of the loan. In a 2015 Auto Financing Study conducted by WalletHub, researchers discovered that the average interest rate, the cost of the loan, has actually fallen quite a bit.
What’s particularly interesting is that in WalletHub’s study, they found that new car loans, on average, were 19% cheaper than used car loans. This is undoubtedly good news for drivers shopping for a new vehicle.
Use our car loan calculator tool to estimate your possible monthly payments on a new car.
2. Model Year Transitioning
Whenever one model year ends and a new one begins, space has to be cleared at the dealership to accommodate the new arrivals, which means getting rid of any models from the previous model year.
One popular way to move large amounts of inventory is to use incentives. Special pricing options and rebates are just two examples of money-saving incentives that could benefit new car buyers.
3. Free Information Makes You a Pro
This is definitely less time sensitive than the previous two reasons we looked at, but it’s still something worth considering. There’s a ton of useful information available for free. A simple Google search and you can learn everything you need to know about your automobile options.
What this means for you during the car buying process is that you can study the vehicles you’re interested in and choose the one that has all of the features and specifications you want. This way you don’t end up with a car that turns out to be less perfect than you thought.
A great example of this kind of free automotive information is our library of Hyundai vehicle reviews.
If you’d like another reason why now is the perfect time to buy a car, contact us at the Norm Reeves Hyundai Superstore in Cerritos. Proudly serving the communities of Los Angeles, Long Beach, Downey, and beyond, we’ll happily show you our collection of affordable vehicles and run through any current incentives. Schedule your test drive online today!