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 few months ago. This opens many options that may not have been possible before.
For example, you could use this new equity to upgrade to a nicer newer vehicle with little or no money down. We have done several deals like this in the last little while. If your credit situation has improved, we could substantially lower your payments while also getting you into a newer, nicer car. Even if your credit is the same or worse than when you bought your last car from us, if you’ve made your car payments, we will happily work to get you into a newer car.
Use this strange situation to your advantage! Get in touch with us so we can see how we can improve your car situation and as always, thank you for being a Markosian Auto customer!