Car Buying Tips for 2021

With ultra low dealer inventory and a global microchip shortage, car buying has been tough this year. If you’re currently in the market for a new or used car, use these helpful tips from the experts at Edmunds:

  • Research market prices and realign your expectations – The market has changed and the killer deals of years past just don’t exist anymore. Once you know today’s market price, you can shift your expectations and paying sticker price for your new car won’t come as such a shock.
  • Expand your search – If you aren’t satisfied with the selection in your area, broaden your search to neighboring towns and parishes. By casting a wider net, you might find a better car, or even a better deal.
  • Be flexible and have a backup – Don’t fixate on one specific car color or brand. If you have narrowed down the model you want, look at equivalent brands and other colors in order to find the best deal. Also, keep backup models in mind in case your search comes up empty.
  • Consider a sedan – Trucks and SUVs are by far the most popular vehicles on the road today. Consider finding a sedan to buy, which could be easier to find and much less expensive.
  • Don’t rule out a new car – If you’re set on buying used, consider looking for a new car. Similarly, if you’re shopping for a new car, don’t rule out used ones. Leave no stone unturned in order to find the perfect vehicle for you.
  • Get the most for your trade-in – Since the market is up, that means your current vehicle is also worth more. If you’re trading in your vehicle, it could go a long way toward a newer, higher-priced vehicle.

Rates Quick View

Loan Rates (% As Low As)
Auto 4.80%
Boats 4.80%
Motorcycles 4.80%
Personal Loans 9.00%
Share Secured 4.00%
Certificate Rates (% As High As)
6 months 3.96%
12 months 4.32%
18 months 4.32%
24 months 4.16%
36 months 3.96%
48 months 3.96%
60 months 4.16%

View All Rates

*APR = Annual Percentage Rate
*APY = Annual Percentage Yield
Rates are subject to change without notice



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