2022-11-25 12:32:24

Need a New Car ASAP? 3 Ways to Save

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By The Motley Fool

Image source: Getty Images

If you're in the market for a new car, well, ideally, you shouldn't be. Although many industries have managed to recover from the supply chain issues that sprung up during the pandemic, the auto industry still lags behind. And because there's still a shortage of vehicles, dealerships are getting away with charging a small fortune for the cars they have on their lots.

That's why many people are being advised to put off a car purchase right now. But what if you can't do that?

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Maybe you use your car to get to work every day and it suddenly won't run. If it's an older vehicle, it may not be worth it to sink many thousands of dollars into repairs.

Similarly, maybe you just got a new job that requires you to report to the office -- and you need a car to get there because there's no public transportation in your area. In that case, a vehicle purchase clearly can't wait. But while now isn't a great time to buy a car, there are things you can do to eke out some savings on one.

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