
The coronavirus pandemic has left many businesses closed, the economy in turmoil, and millions of people out of work. But can COVID-19 prevent you from buying a used car? That depends on where you live. Dealerships in New Jersey and Michigan have closed, while others have remained open, claiming to be essential businesses with the support of the National Automobile Dealers Association and other organizations.
Once again, this depends on where you live. Where used cars are being sold, dealers are offering incentives because sales were slow in March. The next several months may be a great time to get a deal but impacts on supply and demand are possible. Contact your dealership ahead of time if you’re planning to shop around.
It also depends on your own situation. You might want to wait on a used car purchase if your job is at risk. Making a purchase now can mean missing payments if you are laid off.
The CDC has said the virus does not survive on surfaces for long, although NIH research has found it can last for hours to days on some materials. Be extremely careful if buying from a private party. But if you’re browsing used vehicles at a dealer, ask about their policy for keeping their cars and facilities disinfected. The virus is spread through respiratory droplets released from coughing, sneezing, or talking. CDC COVID-19 prevention guidelines call for social distancing (staying six feet apart from others), using disinfecting wipes for anything you touch, and washing your hands often.
With lower demand, you may be able to negotiate a much lower price at this time. Shelter-in-place and stay-at-home orders, however, are making things more challenging. But if you’re looking to benefit from loan deferrals, zero interest rates, and other incentives, these car-buying tips will help you take extra safety precautions:
A professional inspection is an important part of buying a used car. Have an independent mechanic inspect the vehicle, whether the technician visits lot or the dealer brings the vehicle to the shop. Also, make sure a new cabin air filter is installed. Although car air filters won’t trap or kill coronavirus, it doesn’t hurt to have clean air.
At Hawthorne Auto Square, we cater to all the needs of used car buyers. Get your vehicle appraised for a trade-in or get pre-approved for financing in minutes. We have an extensive inventory of low-mileage, multi-point inspected used cars available at low prices. Learn more about our in-house Buy Here Pay Here programs, and receive help finding the car you need, by visiting us or calling 866-707-7664.
It only takes a few minutes and won't affect your credit.