Estimated read time: 6-7 minutes
About the author: Having owned everything from a DeLorean to an E46 M3 to a Toyota Land Cruiser, Jason Bell is a lifelong car enthusiast who loves sharing his passions as a teacher, writer, speaker and social media manager. Contact him at email@example.com.
At the end of every year, auto manufacturers offer a smattering of great incentives to get vehicles moved off their lots. While 2020 had its fair share of great deals on vehicles, 2021 is shaping up to be one of the best times to buy a car—ever.
While the pandemic isn't over, there is light at the end of the tunnel. Vaccinations are underway, kids are back in school, and employers are adapting and thriving here in Utah. While the rest of the nation is reflecting a 6.7% unemployment rate, Utah is nearly half that number at 3.6%.
Utah's resilient economy is one of the many reasons Utahns are primed to enjoy 2021's ideal car-buying conditions.
Money is cheap to borrow, 2020 models are in the clearance bin, and forthcoming 2021 models are of great value, being safer, more powerful, and more luxurious than ever.
Here are three reasons why you should buy a car (and use KSL Cars to sell your car!) in 2021.
Loan rates are low
If you are financing your vehicle, and have great credit, then historically low rates, rebates, and manufacturer incentives will be waiting for you at the dealership finance office.
With COVID-19 impacting car sales across the board, many manufacturers like Subaru, Ford, Chevy, Volkswagen, Honda, Hyundai, Kia, and others are all offering 0% or near-0% financing on most of their new cars, trucks, and SUVs.
Local credit unions are also offering competitive rates, with financing options in the 2–3% percent range.
Getting a 0% or near-0% interest rate makes a new car a very attractive option, and with all the other incentives available, like special discounts for frontline workers, a new car purchase is tough to pass up if it's in your budget.
2020 models are a great deal
You know all the Christmas car commercials highlighting year-end savings events? Well, year-end car deals are aggressively priced because dealers want to get the remaining previous model year vehicles off the lot. However, as compellingly priced as 2020 models were in December, there are still some left, and dealers are just as motivated to sell now as they were a few months ago.
If you're interested in a 2020 model, using KSL Cars to search for new 2020 models is easy, and if you're willing to be flexible on color and options, there is bound to be a great deal out there for you.
If you want to save even more, look at discontinued models. Discontinued models can be difficult for dealers to sell, so you can expect some pretty compelling markdowns on price just to get them out the door.
There were several models that met their end in 2020, like the 2020 Chevy Malibu, Acura RLX, BMW i8, Buick Regal, Toyota Yaris, Lincoln MKZ, Lincoln Continental, Kia Optima, and Honda Fit. Find one of those still on a lot, and you're guaranteed a great deal.
2021 models are better than ever
If it's the latest tech, safety features, and styling that you're looking for in a new car, then a 2021 model is going to be your best bet. Every year manufacturers update their model lineup. These are typically a series of small updates, like the addition of Apple CarPlay, or blind-spot monitoring. Models occasionally also experience sweeping refreshes, with revised styling, power output, standard options, and more.
2021 is poised to be an especially great year for new models and significantly refreshed ones.
In the truck world, the redesigned F-150 and the new Ram TRX are already making waves, and the much-hyped Hummer EV will start making deliveries before 2022 arrives. A new iteration of Toyota's legendary Tundra is also due soon, but not much is known of it at the time of this writing.
SUVs are also set to impress. The new Cadillac Escalade and Buick Envision look enticing, but their arrival is bound to be overshadowed by what is one of the most anticipated cars of the year: the return of the beloved Ford Bronco. A seriously capable off-roader, Bronco has its sights squarely aimed at taking down the Wrangler, and Ford might just succeed.
2021 is shaping up to be quite the year of amazing cars.
Looking to sell? It's a great time for that, too.
Utah, in its typically industrious fashion, has economically managed far better than most of the country, and car sales have remained strong for both new and used cars.
KSL Cars is regularly seeing over 65,000 listings live on the site — a robust number, especially considering the comparatively smaller market of the Wasatch Front. In addition, KSL Cars has experienced significant year-over-year growth and has recently made updates to their search engine and app to make your car buying experience even better.
Used car sales are stronger than ever, too, as are used car sales prices. If you're looking to sell, now is as good a time as it's ever been, and KSL Cars is the place to do it. Easier to navigate, more informative and with more listings than other search databases, KSL Cars is the place to buy or sell your next car.