Open Today Sales: 9 AM-7 PMOpen Today Service: 7:30 AM-6 PM
You might have heard discussions, both in Mt. Laurel and nationally, suggesting that navigating today’s automotive market is uniquely complex. With evolving interest rates, the lingering effects of past supply chain shifts on vehicle availability, and varying pricing trends, some experts might highlight the challenges. However, this perspective doesn’t capture the full picture, and there’s no need to feel overwhelmed if you’re ready for a new vehicle right now. These broader narratives often overlook crucial opportunities, such as improving new vehicle inventory levels, continued strong trade-in values for your current vehicle, and the aggressive financing incentives being offered. The team at Lexus of Cherry Hill has developed a comprehensive guide detailing the current process of buying a new or pre-owned car, designed to give you peace of mind and clarity as you shop for your next ride!
Let’s address the current market realities upfront: it’s true that new vehicles carry a higher average MSRP today than in years past. While overall auto prices have risen, this trend is now more nuanced, with some models seeing minor increases while others, particularly hybrids and EVs, show price plateaus or even drops. However, it’s crucial to understand that this doesn’t mean you should delay your purchase. In fact, a focus on current incentives, evolving interest rates, and the strong trade-in value of your existing vehicle means significant savings opportunities are available. Before committing, we encourage you to carefully evaluate your financial situation with our team in the Moorestown area, as we’re dedicated to helping you find the right vehicle with the most favorable terms.
A new car can sometimes be a better fit for your financial circumstances than holding on to an old ride. If you’re driving a car that’s quite old and is consistently making you spend more and more money on repairs, you should do a cost-benefit analysis to see if it would save you money in the long run to buy a new car instead. If you’re interested in comparing the price of buying a new car with the price of maintaining an old one, reach out to our finance team, and we can help!
If you’d rather not commit to a new car but still want a high-quality ride, consider buying a used or certified pre-owned car! Used cars are also a bit more expensive than in the past, but they’re still in very high demand and are a much more affordable choice than buying a totally new vehicle. A lot of used cars right now are coming off of prior leases, making them more reliable than used cars you would find during “normal” financial circumstances. Certified pre-owned vehicles are also a great choice, since they’re more rigorously inspected than traditional used cars but still more affordable than buying new.
The short answer is yes! In today’s dynamic automotive market, the value of trade-in vehicles remains a significant advantage for buyers. If you’re eyeing a new Lexus, perhaps the versatile Lexus RX 350 or the spacious Lexus TX, trading in your current vehicle can provide substantial savings. The market continues to recognize the strong demand for quality pre-owned vehicles, meaning your trade-in could hold more value now than it might have in previous years. This allows you to not only save on your desired new Lexus SUV but also to realize excellent value from your current ride, making the transition into your next luxury vehicle more seamless and financially advantageous.
If you want to do the math for your specific situation, contact our experienced finance team or stop by our dealership near Philadelphia!
What’s New in Lexus Safety System+ 4.0? Enhanced Hardware: Debut of higher-resolution cameras and long-range millimeter-wave radar for superior spatial awareness. Proactive Driving Assist (PDA): Provides gentle braking and steering support in curves or to maintain distance from pedestrians and vehicles. Expanded Detection: Improved intersection support for detecting pedestrians and bicyclists during left and right…
Winter Car Prep Tips for Safe Lexus Driving The change in season brings winter gatherings to the forefront of our minds. Less festive, however, are the unpredictable New Jersey road conditions it also brings. Whether you’re picking up gifts around Voorhees or packing up your Lexus GX for a long road trip, you must be…
With more Voorhees drivers becoming concerned with fuel efficiency, we’re finding the interest in Lexus hybrid vehicles like the Lexus RX Hybrid is growing. Hybrid vehicles use a combination of an internal combustion engine and electric motors to power you through your adventures. With the involvement of electric motors, we understand that you may be…
