If you want to make your time in Snohomish County more enjoyable, you'll need the right vehicle. For many local drivers, SUVs are the preferred means of transportation, especially since they're more capable, roomier, and offer more features than sedans, making them ideal for a myriad of drivers. From families and commuters to adventurers and new drivers, there's an SUV in the bunch for anyone—but there are some drawbacks to these capable machines.
Price is a concern for many, as SUVs tend to be more expensive than their sedan counterparts, especially when you desire a specialized or top-tier trim. This is why it's recommended to shop used, and if you're on the hunt for used cars for sale near Marysville, you'll find that Klein Honda has a selection of used SUVs that will impress. Now is the time to buy a used vehicle, especially with the turbulence that the auto industry is facing in various aspects. If you want to avoid overspending and shop from abundant models, you may want to make your purchase sooner rather than later. Here's why...
Tariffs Threaten the Industry
You've most likely heard about the tariffs that are descending upon the auto industry. It's been all over the news, so if you're listening to the radio while you're cruising down I-5, you've likely been bombarded by it. The imposed tariffs are set to impact many of the foreign markets tied to the auto industry, which means that prices are about to spike, especially with the latest models making their way onto showroom floors across the country. This creates a snowball effect, which impacts the pre-owned market, as many drivers who originally were going to buy new are now turning their attention to more affordable options on the used lot.
Availability Is Declining
Being that new vehicles are expected to be pricier than usual due to the tariffs, it's only expected that more Marysville drivers will want to shop used so that they can save a bit of money. This will, in turn, affect the availability of used vehicles on lots across the country. As more shoppers are heading straight to the used lot, it's going to be more challenging for dealerships to keep their selection of used SUVs stocked since, after all, SUVs are highly popular with drivers everywhere, and they're much more desirable than other types of vehicles.
If you're looking to shop from a diverse array of models without feeling limited, you'll want to start shopping now before the inventory is gone. That being said, seeing as new vehicle prices are expected to skyrocket, many drivers may choose to hold onto their vehicles for a much longer period, which means that there won't be as many new trade-ins, which means dealerships won't be able to replenish as quickly.
Interest Rates May Rise
From the housing market to the auto industry, interest rates are at all-time highs. This drastically affects those who are looking to finance a vehicle because it seems as though the days of low interest rates are long gone. Although interest rates have been kept pretty steady throughout this year, it's uncertain that they will continue on this path, so if you're looking to finance a car, you may want to do this now before interest rates spike anew. Again, this uncertainty is causing many drivers to hold onto their vehicles for longer, thus affecting used inventories across the country.
Expect Supply Chain Shortages
Remember the pandemic a few years ago? How could you not, right? Well, back then, the auto industry was hit hard by supply chain shortages—and with the imposed tariffs, this is happening again. Many of the various components that are in vehicles these days come from foreign markets, which are having tariffs placed upon them, thus resulting in higher prices for these parts. This means that many of the features and capabilities offered in new vehicles may not be available, causing many drivers to forgo new inventories and try to find what they're looking for on a used lot, affecting availability again.
Enjoy Cheaper Prices (For Now)
If you're seeking a vehicle that offers you all the features you require without overpaying for them, the used lot is a wise place to shop. This is especially true for SUVs, which can come with pretty hefty price tags when buying new. Vehicles tend to depreciate the most during their first year on the market, which means that used vehicles are traditionally cheaper than new vehicles; this may change soon, though, as the demand for used vehicles rises. Currently, used vehicles are still at favorable prices, but this may not last long.
Take Advantage of a Broader Selection
On the used lot, you're not limited to just one brand or type of vehicle; you have access to a diverse array of vehicles ranging in size, capability, and more, allowing you to get what you truly want as you make your way around Marysville. For now, this is still the case, but as tariffs and supply chain shortages impact the new inventory, this will undeniably draw more shoppers than usual to the used lot, thus impacting the selection of vehicles available. If you want to take advantage of a more versatile assortment of vehicles, start your search today!
Get More Features for Your Money
Since used vehicles tend to be cheaper than new vehicles, you're able to focus on what you really want in your ride as you make your way to Jennings Nature Park. This means that, if you have a more luxurious trim on your mind or if you need an SUV with better towing capabilities, you're able to get this for a more reasonable price. A top-tier trim may be out of budget for you on the new car lot, whereas the used lot makes this easier to afford. If you're looking to get more features for less money, our used SUV selection will offer this.
Why You Should Buy a Used SUV Now
SUVs are capable of great things. Many models can tow impressive amounts, rumble over dangerous terrain with precision, and effortlessly accommodate a large family all around Marysville. Because of this, SUV prices are generally higher than other types of vehicles. This is why many drivers gravitate toward the used lot, as they're able to get more for their money without compromise. If you're interested in an SUV, then you'll want to carefully consider starting your buying journey soon.
There's a lot of uncertainty to come in the auto industry. With rising costs, tariffs, supply chain shortages, and decreasing inventories, it's no surprise that car buyers are going to be affected. You can avoid this by making your next purchase before the industry changes drastically, inventories are cut, and prices skyrocket; this will allow you to find what you're looking for at a price that fits your budget. This is especially true when you have your eye on an SUV, as SUVs are flying off the lot every day. Do yourself a favor and avoid the stress; start your buying journey today so that you won't have to settle or overpay for your next SUV!