Looking to trade in my 2013 CX-5 Grand Touring for a Signature turbo model. Definitely want the turbo so I don’t have to hear my husband curse any more about lack of power, as well as some of the other options that the Signature offers.
Of course, now is not a great time to buy, but don’t foresee that improving in the near or not-so-near future, so may as well capitalize on the hot trade-in market.
My dealer can either let me custom order a 2022 and wait (he estimates a 90-day wait, and I’m in no hurry), or he has a 2021 (former loaner) with 4k miles that I can purchase today.
Pros of buying loaner — can get max trade-in on my car, since value will only decline; get today’s interest rates (albeit used car rates), which will likely rise over next few months; get a bit of a break on price; extended warranty in effect for certified used vehicle. Cons — not keen about buying a loaner, since I know those 4k miles were likely pretty hard miles!
Pros of buying new — can get exactly what I want without needless dealer add ons; lower new car interest rate. Cons — run the risk of higher interest and lower trade-in value.
And the obvious difference — one is a 2021 and one is a 2022. Other than trim, is there a substantial (or not substantia) difference between the two?
Out the door price difference between the two is about $2500.
Sorry for the lengthy post, but I’m really torn on what to do.
Of course, now is not a great time to buy, but don’t foresee that improving in the near or not-so-near future, so may as well capitalize on the hot trade-in market.
My dealer can either let me custom order a 2022 and wait (he estimates a 90-day wait, and I’m in no hurry), or he has a 2021 (former loaner) with 4k miles that I can purchase today.
Pros of buying loaner — can get max trade-in on my car, since value will only decline; get today’s interest rates (albeit used car rates), which will likely rise over next few months; get a bit of a break on price; extended warranty in effect for certified used vehicle. Cons — not keen about buying a loaner, since I know those 4k miles were likely pretty hard miles!
Pros of buying new — can get exactly what I want without needless dealer add ons; lower new car interest rate. Cons — run the risk of higher interest and lower trade-in value.
And the obvious difference — one is a 2021 and one is a 2022. Other than trim, is there a substantial (or not substantia) difference between the two?
Out the door price difference between the two is about $2500.
Sorry for the lengthy post, but I’m really torn on what to do.