If your lease is ending or you need a vehicle now, there are some solid incentives available at this time. Much of the research can be done here on Edmunds and from the comfort of your own home.
To avoid spreading the disease, it’s critical you follow the advice of medical … Meanwhile, Toyota is limiting production of the new RAV4 Prime plug-in hybrid. Dealers are taking steps to assure customers that it's still safe to purchase a vehicle by offering vehicle sanitization for new car sales, remote service options, enhanced cleaning measures, and by strongly encouraging employees to not come into work if they feel sick. This is a difficult situation to be in, but the good news is that you have some options. For example, VW introduced no payments for 6 months across nearly its entire lineup, plus built-in job loss protection in the event a buyer lost their job as a result of COVID-19. Expect dealers to implement special measures for social distancing, enhanced sanitization, and electronic documents to help save time and limit unnecessary contact. Talk to your salesperson to fill out as much information as possible over the phone to make the contract signing as quick and smooth as possible. This is a good time to consider a used vehicle. In both cases, major automotive incentives followed — from GM’s Keep America Rolling campaign after 9/11 to the federal government’s recession-era Cash for Clunkers. However, the decision to take on a major commitment like buying a car will most likely depend on your situation. Read on for CarsDirect's full analysis of what this unprecedented situation means for new & used car buyers. A slew of outstanding 0% APR deals offered the potential to save thousands in long-term interest costs compared to offers before the pandemic. Consider shopping for a used vehicle if you want an expanded selection. TMV is based on what other shoppers paid in your area. … As for buyer incentives, it’s hard to say whether the pandemic has spawned a huge ramp-up in discounts; that’s something we won’t know that until month-end data arrives in early April.
In some cases, automakers have been offering to extend leases as a courtesy. Read our primer, If you’re shopping for a used car, consider a certified pre-owned vehicle. In March, every major automaker began offering better deals and assistance. Those planning to buy and keep their vehicle for a long time may find these offers appealing from the standpoint of lowering their monthly car payment. Or even safe to do so because of COVID-19?
Don't just stop paying. Toyota told us it can deliver a new or certified vehicle straight to your door at no extra charge, and owners in select areas can have service performed remotely at their home. Car maintenance and repair during coronavirus: How to care for a car that's not being driven much, how to safely get work done, and more. For reference, this was about 8%, or $36, higher than in 2017. Keep in mind that these lease extensions are not free, and make sure you ask about whether the extension comes with any extra miles. I can’t find the car I want right now. The relative safety will depend on crowds at the dealership, as well as how you choose to buy.