Thinking About Buying Your Next Car Online? Here’s What You Should Know

Thinking About Buying Your Next Car Online? Here’s What You Should Know | Real Simple Skip to content Top Navigation Close this dialog window Explore Real Simple Profile Menu Follow Us Close this dialog window Share & More Close Sign in Close this dialog window View image Thinking About Buying Your Next Car Online? Here’s What You Should Know this link is to an external site that may or may not meet accessibility guidelines.…

How to Buy a Car in Today’s Challenging Market

As Hamnett’s experience shows, there’s most likely a Car out there somewhere if you’re looking, even if it’s not exactly what you want. And sometimes, it just comes down to having patience and being ready to buy as soon as you find something you like. Fred Ashmore, who lives in Stillwater, Okla., says he needed a new pickup truck to replace the high-mileage one he was driving. He ended up Buying a 2021 Ford F-150 FX4 at the end of May, but he says he was only able to get it because he was in the right place at the…

Buying a car from the couch? You’ll pay more | WTOP

Online vehicle sales pioneer Carvana and its growing list of competitors are seeing high demand, especially from younger buyers more comfortable with sight unseen purchases. In this Sunday, July 25, 2021, photograph, a handful of 2021 models are displayed at a Mercedes Benz dealership in Littleton, Colo. (AP Photo/David Zalubowski) Used vehicle prices nationwide continue to skyrocket on both a surge in buyer demand and the slowdown in new vehicle production because of computer chip shortages. Used vehicle prices in the D.C. metro have risen more than many cities in the last year. “Car prices have gone up 34.3% or…

Online car buying is booming, according to this auto dealer

More mobile consumers after getting a COVID-19 vaccine hasn’t slowed the online Car Buying boom that the pandemic helped create. At least that’s a takeaway from the second quarter earnings out of online car-selling leader Carvana (CVNA). Carvana said Thursday evening that it sold 107,815 retail units in the second quarter, up 96% from a year ago. It marked the company’s first time selling over 100,000 units. The company saw a record level of gross profit per unit. Some $45 million in net income was the first-ever quarter for Carvana of positive net income.  “Five years ago, the year before…

What you can do if you absolutely have to buy a car in this pricey market

This article is reprinted by permission from NerdWallet.  The same thing that happened with toilet paper last year — shortages and panic Buying — is now happening with cars. “In my 28 years in the business, I’ve never seen anything like this,” says Oren Weintraub, president of Authority Auto, a concierge car-buying service in the Los Angeles area. Microchip shortages, pent-up demand and a used Car market that “is on fire” are driving up prices and fueling a Buying frenzy, he says. Used cars will be pricey for a while, as shortages of new cars today mean fewer used ones…

Car buying demand causes some used cars to cost more than their newest models

The COVID pandemic is impacting the price of used cars. In some cases, you will pay more for a used Car than the newest model. This record surge in used Car prices is due to a global microchip shortage. iSeeCars latest analysis of more than 470,000 new and used cars from the 2019 and 2020 model years listed for sale, show the price gap between new and used has gotten smaller and in some cases, the used version is more expensive than the newest model. For the Raleigh and Durham metropolitan area, iSeeCars.com found that the used Chrysler 300 costs…