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Is Now a Good Time to Buy a Car?

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Is now a good time to buy a new car? Is now a good time to buy a used car? The global chip shortage and automotive production slow-down raises so many questions for Caledon car shoppers. It’s possible that you’ve read articles, like this Money blog, indicating that now is the worst time ever to buy a car. There are massive production shortages across the globe, but getting your hands on a new or used vehicle is easier than you’d think, especially when you work with Mercedes-Benz Brampton. Also, it’s an incredible to time to trade in your vehicle—you’ll get the best offer possible. Take a moment to learn about the global chip shortage, and how Mercedes-Benz Brampton help you work around supply shortages. Then, fill out a pre-approval and contact us to book a test drive near Orangeville.



What is the Chip Shortage?

Your vehicle’s electric system features thousands of semiconductor chips. These transmit electric messages throughout your vehicle. They tell your windows to roll down when you press the button, and they tell your lights to turn on when you twist the headlight dial. Unfortunately, quarantine created a huge demand for personal electronics like laptops and game systems, and there are only a few factories in Taiwan that produce semiconductor chips, so demand skyrocketed, creating a massive shortage. Automotive production has stalled, and it’s hard to find inventory right now. That said, Mercedes-Benz Brampton can help you get the vehicle you need.

Is Now a Good Time to Buy a New Car?

Because of supply shortages, new vehicles are quite expensive right now. You’ll need to do some cost-benefit analysis. Is your current vehicle requiring so many repairs that it’s more expensive to maintain than it would be to swallow the cost of a new car? If so, rest assured that Mercedes-Benz Brampton can ensure you take advantage of every possible rebate and incentive to reduce cost. Also, factor in the fact that your trade-in is worth much more than it was before the pandemic, so you can offset price inflation. If you can buy time to wait for a few months, we can also facilitate a factory order and delivery at the regular price of the model.

Is Now a Good Time to Buy a Used Car?

You can expect used cars to be more expensive right now as well. That said, used cars get bought so swiftly that most of the pre-owned vehicles that surface on our lot are models that just came off their leases. This means that they’re highly reliable and may even have some of their original manufacturer warranty left over. As with new vehicles, we can help you offset the costs by making sure you don’t miss out on opportunities to save with specials and rebates, and again, if you have a trade-in, you can offset the inflation in price with the inflation in your trade-ins value.

Is Now a Good Time to Trade In a Car?

Now is the best time ever to trade-in your car<! While the shortage has jacked-up prices, it’s also inflated the value of your trade-in, meaning you can get a fantastic offer for your current vehicle. Take a moment to use our trade-in calculator to get an estimate of its value!

Let Mercedes-Benz Brampton Help You Find a Car You love

It’s a better time to buy a car than you’d expect, and when you work Mercedes-Benz Brampton, it’s much easier to find a model you love at a reasonable price Georgetown drivers can call Mercedes-Benz Brampton at (647)-360-3087 to speak to our financiers. We’ll develop a custom strategy to get you the vehicle you need at a price that works for your budget. In the meantime, take a moment to explore our car buying tips for other helpful reads, including our overview of how to trade in a financed car!


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