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Buy A New Car Now Or Wait


At Cartelligent, our team is continuing to find solutions for clients who are looking to buy or lease a new car, truck, or SUV. For clients who are able to wait a few months, the best answer may be to place a special order now and wait for it to arrive.




buy a new car now or wait


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For many of these vehicles, if you wait a few months, you might save upwards of $2,000 or even more, especially now that manufacturers have had to cut back production due to supply issues. I've seen vehicles drop in price by up to $5,000 after initial demand dies down.


The recent sky-high car costs have forced some customers to postpone car purchases, consider buying a gas car, or wait for a better and newer electric vehicle model in 2024. Is it now appropriate to switch from an internal combustion engine to an electric vehicle? Here are several reasons you should hold off on getting your electric SUV until 2024.


There are already a few electric vehicle options available to consumers. If consumers wait until 2024, they can purchase electric vehicles from Honda, Toyota, and many other automakers. Without a wide range of options to choose from, buying an electric vehicle now could turn out to be a costly error. Because automakers are attempting to produce the most competitive solutions, consumers stand to gain the most from the competition to develop the greatest electric vehicle.


Despite this higher demand for new and used vehicles, many consumers have opted to wait until sticker prices normalize from their record highs. However, with the inventory shortage starting to recover now, is now the best time to buy a car or not?


New car prices are still far higher than ever before, as evident from the above, meaning that individuals shopping on a budget should wait until mid-2023 to consider purchasing a new car. However, holiday specials may still be going on, and others offered by car dealers throughout the year may allow prices to temporarily fall within your budget, so keep an eye out for any car deals that pop up. Of course, you can save more on a new car if you trade in your current vehicle.


Although you don't have to wait to trade in a new car, it's a good idea to bide your time until you have some positive equity. If you owe more than the car is worth at the time of trading, you will end up paying that extra amount out of pocket. The remainder of your loan might be applied to a new loan, or it might be deducted from the vehicle's trade-in value.


Waiting another year or two before buying another car is the surest way to not overpay your purchase. But if you can't wait to buy one of today's most exciting new models, like the new 2022 Ford Bronco mid-size SUV, you could end up paying tens of thousands of dollars over the vehicle's list price.


Should you order a new Subaru model and wait or buy a used model now? A new affordability study from iSeeCars reveals it's better to order a new 2023 Subaru Crosstrek, 2023 Forester, and 2023 Outback and wait for it to be shipped to your Subaru retailer than to buy a used three-year-old model now.


Customers who are shopping for a low mileage used three-year-old Subaru Forester, Outback, or Crosstrek now find they are not a good value. Customers who can wait should order a new 2023 Subaru Crosstrek, 2023 Forester, and 2023 Outback and wait for it to be delivered to your Subaru retailer.


But the longer you can wait, the better electric cars and the infrastructure to support them will be. And there are excellent arguments for the idea that the best thing you can do for the environment is to not contribute to building another car until you have to.


Negotiating price, for example, was always an option for the savvy buyer pre-pandemic. Now buyers are lucky if they can find the vehicle they want without having to order one from the dealer or the factory and waiting months for it to arrive.


But if the switch to electric cars is all but inevitable, should you buy an electric car now or wait? In this article, we consider everything from the costs and ease of charging to the electric range of models currently on sale to help you decide.


The F-150 Lightning is currently the only electric full-size pickup on the market and it's a huge hit. You'll have to keep its total price under $80,000 to qualify for the new tax credit, which shouldn't be too hard even though the truck's had two big price hikes: The original base of $41,669 with destination is now $53,769. You may also want to wait to compare it to the electric Silverado coming in 2023 -- a suggestion of brand-hopping that used to be almost unheard of in truck country.


The Mustang Mach-E sits squarely among a bunch of Teslas at the top of sales charts, inspiring Ford to double production plans. Its next major redesign is way off in the 2026 model year so the main question is whether you wait until calendar 2023 for somewhat better Lithium Iron Phosphate batteries it will get and to compare it to the electric Chevy Blazer that should be the Mach-E's most direct competitor.


This is the big shoe waiting to drop if you're considering a Ford Mustang Mach-E. The new electric Blazer will channel the Camaro that way the Mach-E channels a Mustang. Know that the electric Blazer is a new model, not a conventional Blazer with an electric retrofit. As of today I don't see an EPA classification for it but it's clearly a utility that should have an $80,000 price cap.


It may also affect how you plan your finances. Right now, money is relatively cheap, but with interest rates rising across the board and more increases expected, it might be worth considering looking around at where you can get the sort of money you need at the best rate come January if you decide to wait.


In most cases, customers have to wait no longer than 1-2 months for a brand new car. It's a natural outcome of the shrinking order backlog reported in late 2022. After a massive price reduction applied on January 12 (by 6.4-19.7 percent), and several minor price tweaks, the situation might change and we already saw some extension of the estimated order backlog. A big part of the boost was the eligibility for full $7,500 federal tax credit for new Model 3 and Model Y cars.


In today's update, we will take a look at the Tesla estimated delivery times as of February 14, 2023, as it gives us an idea not only how long customers have to wait, but also a hint on which models are in higher demand or potentially might be more profitable (higher demand of particular versions).


That's a clear indication that the base version still has some substantial queue of customers waiting. Tesla is willing to deliver cars earlier if someone will select the more expensive (by $10,000) Plaid version.


Anyway, the wait time is much shorter now than previously when customers had to wait up to 12 months in some cases (at least that was the estimate when placing a new order in October 2022). We guess that part of the answer why the time is now shorter is an increased production rate of the Model S/Model X duo.


Finally, the Tesla Model Y, which is the most popular Tesla model. Several months ago, only the Performance version was easily available (1-2 months), while the Long Range AWD version required 3-6 months of waiting.


Right now a global computer chip shortage is causing delays of up to six months on the delivery of some new cars. There's also a shortage of nearly-new cars because of low sales last year and more buyers opting for a secondhand model instead of waiting for a new one.


It's worth nothing that the Long Range Model 3 won't be available to order until sometime later this year. When next year is completely unknown, and that doesn't account for potential wait times once orders reopen. Still, at least you're not waiting for a Tesla Cybertruck, which hasn't even started production yet.


The standard Tesla Model X (from $99,990) used to have the worst wait time of any Tesla car, but a lot has changed over the past 12 months. The Model X wait time is still longer than the Model 3 or Model S, but we're looking at a couple of months instead of over a year. This means the standard Model X has an estimated delivery date sometime between March and May 2023.


The wait times have improved a lot since the middle of last year, and this is as good as you're going to get right now. Previously you could improve your wait time by paying for extra stuff, but that's no longer the case. Combining add-ons, or choosing one of the premium Autopilot packages ($6,000 and $15,000 a piece) doesn't affect the delivery estimate in any noticeable way either.


The Tesla Model 3 Long Range (normally at $57,990) has currently been pulled from sale, and doesn't appear to be coming back until 2023. So if you had your heart set on the longest-traveling Model 3 you're going to have to wait for your chance to get an order in.


Previously it was to reduce this wait with premium add-ons, but at the time of writing none of these extras make any difference, so you should only pay for them if you want them. The same is true for the $6,000 Enhanced Autopilot add-on and the $15,000 Full Self Driving.


The downside is that the used car market is a mess right now, and has been for the past couple of years. Demand for Teslas is also particularly high, seeing as how you can theoretically pick one up without a months-long wait.


Two unsold 2021 Subaru SUVs sit in an otherwise empty storage lot at a Subaru dealership in Littleton, Colo., on Sept. 12. Ordering a car directly from an automaker can mean long waits, but doing so can be easier than finding a car you want at a dealer. David Zalubowski/AP hide caption


Most people aren't putting off pregnancies because of the terrible car market. But plenty of people are putting off car purchases: A survey from Kelley Blue Book found that nearly 50% of vehicle shoppers are delaying their purchases, prepared to wait for up to a year and hoping for the market to get back to something like normal. 041b061a72


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