Buying a Car in a Low Inventory Car Market
Buying a Car in a Low Inventory Car Market

Buying a Car in a Low Inventory Car Market

March 29, 2022

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.

At The Vantage Auto Group, we save you time, money and peace of mind when it come to Buying your New Car!

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

Get Started Today With Your Personalized Car Quote from Vantage Auto Group!

Good credit, Bad Credit, or looking to get an approval, CONTACT US Today!  We work directly with multiple lenders to find the lowest possible lease rate on a new car lease. Come banks will even help us offer short term lease as short as 12 months if not ready to commit to a 2 or 3 year lease. We can even help you get out of your current car with our swapalease lease transfer program. when using our swapalease program, you will no longer be responsible for your current car.

Price Reflects TIER 1 Credit Approval. Prices are for new lease vehicles only. Images are for Display purposes only. Price Excludes local taxes, acquisition fee & DMV/title. Pricing, lease term, and miles per year may vary. All Incentives are Applied For Qualified Customers including Loyalty Rebate, Conquest Rebate, VPP Rebates, College Graduation Rebates, and Regional Rebates.

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

At Vantage Auto Group, we save you time, money and peace of mind! No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps. With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle.
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