• The used car market it booming
• Interest rates are low, so best time to invest
• Sportier models are more now in reach for consumers
We all have been in this situation: we're eyeing a particular car, and we would love to buy the top-of-the-range model. It's sporty! It's our dream car!
However, it's simply unaffordable. So, while it pains us, we buy down.
Well, the great news is that you don't need to do this anymore! Those frustrating buying experiences are a thing of the past!
This development comes off the back of a rather sad situation: thanks to the lockdown, some dealers are battling to survive. It's simply impossible to generate profits when one's doors are closed.
Given the fact that they're really hungry for deals, many car dealerships are now offering somewhat sensational packages!
Generally speaking, these offers are the brainchild of the original equipment manufacturers (OEMs), who obviously want to bolster sales and ensure the viability of their all-important dealer network.
Practically, these offers are unlike anything that we've seen in recent years – and they mean that you don't have to compromise on your dream car.
In fact, you could get that higher spec'd car for precisely the same price of the bottom-of-the-range model!
If you're in the market for a luxury car, the current special offers from Volvo Car South Africa, for instance, could be worth a second look. The company has launched a customer programme which provides motorists with payment relief for up to five months or cash in their pockets. For a Volvo customer, this saving could put the R-Design derivative in reach. The Volvo XC60 R-Design, for instance, boasts sculpted front seats and an R-Design steering wheel, sports pedals, and Charcoal headlining.
The same applies to mainstream motoring brands too. A special offer at a Volkswagen dealership, for instance, could allow you to shift from a Polo Vivo into a Vivo GT, or a Polo.
This trend is not limited to the motor industry. For various reasons, great deals are on offer in many sectors of the economy too. Take the property market, for instance. Thanks to the fact that the South African Reserve Bank has cut the prime rate to 7.25% (the lowest since 1973), now is also a good time to buy property. As is the case with cars, that lower prime rate could also mean access to a considerably more upmarket home.
Irrespective of the sector in which the consumer is shopping now is an excellent time to buy. It always helps to shop around and, in the case of car shopping, you would be well advised to hunt down the very best deal, and maximise the offers manufacturers and dealers are willing to provide. In some ways, this is a great time to be a consumer!