Unsold 2022 SUVs Selling Like Hotcakes: Don’t Miss Out!

The global pandemic has been devastating, especially on the economic side. However, there is a silver lining. Brand new 2022 SUVs are selling like hotcakes at surprisingly affordable rates. This is due to the oversupply of unsold inventory of brand new 2022 SUVs.

Most dealerships need to clear their space to give way to the 2023 models. A lot of dealers and agents scramble to sell these brand-new SUVs. Many sharp-witted internet users are lucky to have the chance to own a brand new SUV or Crossover by finding the best deals and rebates posted online.

Who knows? You could be next. You can be an owner of a brand new SUV by merely searching online. So if you’ve wanted to buy a brand new SUV, this is an opportunity you shouldn’t miss. But before you make a purchase, here are some essential things you need to know so you can find the best deals.

Which SUV Do You Buy?

You may hear the terms SUV, luxury SUV, and Crossover. What are the similarities? What are the differences? Here’s what you should know:

SUVs vs. Crossover

Most consumers use the two terms interchangeably, which is not a surprise since they have similarities. However, Crossover and SUVs (Sports Utility Vehicles) have key differences. Typically, SUVs are built for rough terrains and tend to be larger compared to Crossovers.

As for the size, Crossovers are categorized as subcompact to full-sized. In fact, car manufacturers refer to Crossover cars as compact SUVs. While SUVs can be anywhere from mid-sized to full-sized. ¹

So which would you choose? It would really depend on your preference — how big your family is, what you’ll use it for, or where you mostly go. If you have a large family and mostly visit off-road destinations, you should go for an SUV. Examples of SUVs are Toyota Sequoia, Nissan Armada, and Chevrolet Suburban.

Meanwhile, if you want a compact-type car that is still big enough to fit the whole family and mostly travels on roads, you’re better off with a Crossover type of car. Examples of Crossover vehicles are Ford Bronco Sport, Jeep Compass, and GMC Terrain.

Regular SUV vs. Luxury SUV

So what about regular and luxury SUVs? Obviously, luxury SUVs have a high price tag, but what are the key differences? Basically, high-end SUVs have better nifty features like a better suspension system, cruise control, lane departure warning, high-end finishes, and better infotainment systems.

Examples of luxury SUVs are Lincoln Navigator, Cadillac Escalade, and Lexus LX. Meanwhile, standard SUVs are not that bad — they have basic features in their suspension system, smaller engines, and useful safety features. Examples of regular SUVs are Toyota Sequoia and Ford Expedition.

So which SUV is best for you? Regular or luxury? If you have the extra budget, want the extra space, and enjoy the more advanced features, then you deserve to have a luxury SUV. Meanwhile, if you’re on a budget, a regular SUV is good enough.

How to Save Big Bucks When Buying a Crossover or SUV

Now that the difference between Crossovers, regular SUVs, and luxury SUVs is cleared out of the air, back to the more important stuff. How can you save serious money when buying your SUV? Whether it be brand new and used but not abused, you can own the vehicle you’ve wanted for a reasonably low price. The prices of 2022 SUVs are declining.

There are two factors that have affected the selling of SUVs or Crossovers in the market now. Because of these two factors, everybody has a fair chance to own an SUV and get to enjoy affordable rates. Here’s what you should know:

• In the past two years, there has been an oversupply of brand-new and used SUVs. This means potential car buyers have easier access to fairly new SUVs to Crossovers with a few miles in them.
• More consumers prefer to buy SUVs or Crossovers compared to traditional sedans. Car manufacturers responded to this demand by supplying more SUVs and Crossovers. This is why many SUVs are just sitting still in the market and not selling fast as they used to be.

These two factors have significantly made an impact contributing to the oversupply of SUVs in the market. In addition to the high inventory, consumers now have better financing options when acquiring a car.

You can now take advantage of offers like 0% financing for five years (60 months) and a four-figure bonus cashback. Depending on the car you’ll purchase, your monthly payments may be around $250-$300 for regular SUVs or Crossovers. Which you come to think is a great deal.

The cut-throat competition between car manufacturers is going insane. With the low financing rates, big cash backs, and low monthly payments, this is really a chance you have to grab. You better start making up your mind on the SUV that you want and search for amazing deals online.

How to Find the Best SUV/Crossover Deals

The key to scoring a great deal is to search online. With a simple Google search, you can see the offers of local dealers, their incentives, pricing, and the available units on hand. Do you know the best part when finding deals online? You can’t easily find it anywhere else.

In the internet age today, everything is posted online. Additionally, you can compare deals from different dealers from the comfort of your home. So if you want to save hundreds, if not thousands of dollars in buying an SUV, strike while the iron is hot and do it now.

Reference:
¹ Toyota: What’s the Difference Between Crossovers and SUVs?