Why Buy Now at Maritime Chevy

The biggest question our Brand Specialists are asked is: Should I wait? With lower supply and seemingly higher payments than the last time you bought or leased, we understand any hesitation. To help you decide the best answer to that question, we’ve come up with a few things to ask yourself and keep in mind while on the lookout for your next vehicle.
 
Are interest rates going down or going up?  
This question can be a tough one, especially if you haven’t been in the market for quite some time. A quick tip would be to search “fed interest rate” and find a reliable source you trust for information. How has inflation impacted interest rates, and what are others predicting? If you feel like interest rates are on the rise, so will your lease or finance payments, which means securing your new vehicle now would be more beneficial. 
 
Safety in newer technology. 
A new vehicle is a great investment in safety for yourself and your family. With technology and safety features more prevalent in today’s vehicles than ever before, vehicles made even 5 years ago are no longer up to standard when it comes to safety. If your vehicle is missing important features – such as a back-up camera or blind-spot monitoring, it may be time to upgrade. 
 
Does my current vehicle require costly repairs?
The older the vehicle, the more repairs you may need in the future. If you’ve been on the fence about trading, selling or upgrading your older vehicle, it may help to consider how much you could save by having a more reliable vehicle that’s still under warranty.  
 
Are you looking to trade-in your current vehicle?
Used car trade-in values can easily change with the current market. The average used car sold for six percent higher than in 2021, after several months of used car supply and demand changes. With new car inventory taking longer to catch up to its demand, it may be a good time to receive the best offer for your trade. 
 
Will the residual values of gas combustion vehicles be higher or lower 3 years from now when up to 50% of all vehicles sold will be electric?  
Most industry experts predict a swift transition from gas to electric cars in just the next few years. So what will your gas engine powered vehicle be worth? Time will tell, and markets will determine actual values, but the banks and finance institutions feel they will be a harder sell, so residual values are dropping fast. We predict this trend will continue, and your lease payments will rise dramatically across our product line as time goes by. Click here for an in-depth explanation. 
 
Hopefully you find these questions and topics able to help you decide whether you’re ready to purchase or lease sooner than later. Whatever you decide, we are always here to help make this an easy experience with our convenient Pick-up & Delivery service that lets you test drive, purchase, or service your vehicle from home. Our Brand Specialists are here for when you’re ready!

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