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How to navigate the current car buying challenges

Posted at 8:10 PM, Jul 29, 2021
and last updated 2021-07-29 23:10:54-04

As we approach the height of the summer and begin looking ahead to the fall, many Americans are eager for a new set of wheels. Families are looking for the right vehicle for their road trips, beach and camping weekends and heading back to school as soon as next month. And while the pandemic has ushered in a new car culture wave, with inventory levels at a record low, finding the right car has been a challenge for many consumers.

DID YOU KNOW?

  • The Capital One 2021 Car Buying Outlook found that 54% of car buyers think about financing after settling on a car.
  • In the same report, the overwhelming majority of dealer respondents (99%) said that less than half of their consumers have their financing figured out.
  • With new challenges in the car buying process, starting with financing is a crucial first step for car buyers looking to find the car and deal that’s best for them.
  • Simple, easy-to-use apps are a great resource to pre-qualify for auto financing before visiting the dealership.

MORE ABOUT NIK MILES:
Nik has been a staple of the American broadcasting scene since the early 90s. Nik Is best known nationally for his Fox Sports and NBC Sports, TV show and locally for his Morning show segments on 50 local stations. Nik also has a daily Radio News segments that reach a million Americans every day. With 32 years experience as a radio and TV host and 14 years as an automotive journalist, Nik has a witty and informative automotive perspective. Nik got his start in Radio as the #1 Portland and Seattle afternoon show. Nik was an early adopter of digital media and has been part of the YouTube landscape since 2006. Born in England, Nik has worked for the BBC, Tribune Broadcasting, CBS, Entercom, and many more major broadcast network companies. Nik has five dogs, Porsche, Samwise, Joey, Bhel, and Arwen and has spent many years rescuing animals in need. Nik spends any free time he has at his house in Portland Oregon, Riding his Motorcycles and working will local charitable organizations. Whenever Nik appears on TV he wears Union Jack socks. This is his tribute to his homeland.