As the 2022 auto market approaches, many people wonder what to expect. The most common question is: “What will the next car-buying experience be like?” Many people fear that they’ll go back to a time when you couldn’t buy cars online and instead have to visit a dealership for every purchase. Fortunately, this isn’t going to happen. Here are five secrets to purchasing a car in the 2022 auto market.
- Get a Deeper Understanding of Car Shopping
The first secret is to get a deeper insight into the current car shopping experience and how you can improve it. You have likely been searching for cars online, which means things have already started heading toward full automation. 94% of all new cars will be purchased online by 2022 as more and more car dealerships switch to online sales. If you buy online, depending on the location of the dealer, you may need to get auto shipping to Michigan or wherever you are located, so be sure to include these costs into the equation.
If you’ve never shopped for cars online before, get ready because it’s the best possible way to buy new cars in 2022. Here are some reasons why:
- You can use tools like True Market Value (TMV) prices to determine what kind of deal you should get.
- You can receive pre-approval for financing before you go into a dealership.
- You can price-check multiple cars and dealerships to get the best deal possible.
- Use Car Buying App
Many people still prefer to go to a dealership and test drive a car before purchasing. Fortunately, this is a valid method of buying a new car in 2022. However, you will need help from your dealership representative while you visit the dealer lot. That’s where the second secret comes into play: car-buying apps.
In just a few years, nearly every dealership will work with a car-buying app to help you buy the right vehicle. A good example of this is the Amazon Go app which directs you directly to Amazon’s newest items in categories like groceries, clothing, and more. The same concept applies here – your dealer will send you to their lot via a car-buying app, give you access to their inventory, and allow you to purchase your car.
- Leave the Dealer with Your New Car
After you’ve spent some time looking at cars on the dealer lot via either a mobile website or an app, it’s time to decide which one is right for you. This means it’s time to test drive a car or two to see how it feels.
In 2022, you’ll leave the dealership with your new car, even if you didn’t buy it from that location. You can do this by using the app on your phone, which will have access to cars from other dealerships willing to ship a vehicle directly to you. This means you can get the exact car you want, even if it’s out of state.
- Sell Your Old Car
Let’s say you test drive a few cars and find one that works for you. How do you buy it without an in-person visit to the dealership? That’s where the fourth secret comes into play: selling your old car. As you likely already know, it’s very easy to sell a car online. That means it will be just as easy in 2022. If you have already sold your old car and want to buy a new one, but don’t have enough money for the down payment and trade-in value, consider applying for a car loan online. You’ll be able to get the money you need in just a few hours.
- Get Pre-Approved for Your Car Loan
The last secret is to ensure that you’re pre-approved before going into a dealership. If not, you’ll likely get a bad deal for your car loan and end up spending more than you intended. There is no reason to rush, especially with online car shopping, where most dealerships can provide financing applications in minutes. This will save you money and give you peace of mind that you’re making the right purchase decision before entering a dealership.
These are five helpful tips for buying a new car in 2022. You’ll be able to search online, compare deals and find the best available option for your needs. Additionally, you’ll be able to leave with your new car without ever having to visit a dealership physically. Perform more research if you’re interested in discovering how technology changes car buying in 2022.