There is never a bad time to get Acura financing or to trade in your vehicle. With that being said, rising interest rates and ongoing supply shortages make right now a particularly good time to trade. Acura of Sherman Oaks looks at the big picture.
Used Car Values
A supply chain constrained by microchip demand finally stretched to its breaking point over the course of the pandemic, driving costs for new and used cars higher. Even – perhaps especially – if you’re buying a new car, the price of used vehicles should still interest you. After all, it makes for historically high trade-in values.
Interest Rate Relief
As inflation hits every corner of the market, the Federal Reserve is raising interest rates in an attempt to bring back some semblance of normalcy. Offsetting higher interest rates often requires a higher down payment, and a fair trade-in value is a significant help in that regard.
Depreciating Vehicle Value
Another answer to “why now” may well be, “Why wait?” Every vehicle, even one as good as a new Acura model, depreciates over time, so if you have one eye on trade-in value, you know the meter is running. The sooner you trade your vehicle at an Acura dealership, the more of that value is retained.
Trade-In Help at Our Acura Dealership Near Los Angeles
When you visit Acura of Sherman Oaks, we promise a fair trade-in value, an excellent selection, and of course, throughgoing support that covers the entirety of your lease or ownership experience. Visit us today to value your trade, pre-qualify for Acura financing, or receive answers to any questions that arise during this process. We are always here – and happy – to help.
