Used Car Prices Are Surging. Take Advantage of It!

Due to many factors like a surge in demand, a chip shortage, and a shortage of rental cars, you may have heard that used car prices have increased a lot lately.  I’ve been in this business my entire professional life, and this is the first time I’ve ever seen used cars appreciate.  It’s definitely outside the norm and likely to continue for the foreseeable future. So, what does this mean for you? Well, that car you are paying on is now worth a lot more money than it was a…

Why Does Markosian Auto Do Leases? Why Car Leasing May Be a Better Option for You

All of our in-house financed deals are leases and about 85% of the cars we sell, we finance ourselves.  So why do we lease to our customers? No Upfront Sales Tax When you lease a car you don't pay the sales tax on the full purchase price. You only pay sales tax on the down and the monthly payments. We are talking about nearly a nearly $700 savings on a $10,000 car. So instead of your down payment going to sales tax, you can use it to lower the payments…

Markosian Auto: Can I trade my car early?

One of the most common questions our customers ask is:  “Can I trade my car in early?” This is a great question and one I’d like to address. At Markosian Auto all of our in-house financed deals are short-term leases.  We never do more than a three-year lease and most are two to two and half years.  This offers our customers flexibility and a quicker path to ownership if that’s what their goal is.  We offer early trade-ins for customers who have about 6 months left on their lease. However,…