4 Reasons Why You Should Buy a Car Soon

March was an extremely difficult month for the auto industry. Car sales fell by an unprecedented 27% in the first quarter. Shelter-in-place and stay-at-home mandates due to the pandemic made it more challenging to sell new cars in most areas of the country. As the auto industry looks to rebound from a tumultuous start, those in the market for a new car may find that now is the perfect time to buy.

Here are a four reasons why now and the upcoming months may be ideal for those searching for a new car.

  • According to industry experts, consumers will find unbeatable deals on new cars for the next few months. From roughly mid-June through summer — if not longer — used-car prices should tumble to their lowest levels in years.
  • In the third and fourth quarters of the year, as factories crank up inventories expect another aggressive round of new-car incentives to help year-end numbers. 
  • HertzEnterprise and other struggling rental companies are looking to dump vast fleets of cars at fire-sale prices, further flooding the market. Michaela Baker, Vice President of product for car shopping app CoPilot says the rental returns include armies of Toyota Camrys, Nissan Altimas and other sedans. Baker also predicts sedan prices to drop another 10 to 15 percent by years end. 
  • According to the “Price Pulse” chart which forecasts prices on the CoPilot app, used cars are predicted to fall tremendously. For example, A 2017 Porsche 718 Cayman, currently has an average price of $52,717 which is down more than $1,200 since March. But CoPilot expects the Porsche’s price to drop by nearly $6,300 in coming months!

  If you’re in the market for a new or used car or tired of overpaying, Signal Financial can help with low interest auto loans.

Rates are as low as 1.49% from August 31st through October 13, 2020. Click here for more information and to apply.         For more useful tips, information and advice on financial empowerment, follow us on Facebook at: facebook.com/SignalFinancialFCU.   We’re also on Twitter and Instagram at: @signalfcu

-Written by James Fleet

Digital Member Support will be temporarily unavailable today between 11:00 AM -12:00 PM.

Due to vendor delays in the embossing of debit and credit cards, you may experience a delay in receiving your new or reissued cards. We apologize for the inconvenience.

Martin Luther King Jr. Day

All branches and the digital member support team will be closed on Monday, January 16, 2023 in observance of Martin Luther King Jr. Day.

For expedited assistance please dial 240-512-8240 to connect directly to our Digital Member Support.

All branches and Digital Member Support will close on Saturday, December 31st and Monday, January 2nd in observance of the New Year.

Signal Financial branches will close at 12:30pm on Friday, December 23rd. Digital Member Support will operate from 9:00am - 1:00pm.

All branches and Digital Member Support will close on Saturday, December 24th, Monday, December 26th, Saturday, December 31st and Monday January 2nd in observance of the Christmas and New Year holiday.

On Wednesday, December 7th the One Loudoun branch will close at 2:00 PM and all other Signal Financial branches will close at 3:00 PM

Due to system upgrades, online and mobile banking will be unavailable from 10:00pm Tuesday, Jan. 17 to 3:00am Wednesday, Jan 18.

The Capitol Hill branch and ATM are temporarily closed.

President's Day

All branches and the call center will be closed on Monday, February 21, 2022 in observance of Presidents’ Day.

Closure Notice

Due to inclement weather all Signal Financial branches are closed today. ATMs, mobile and online banking services are fully operational 24 hours a day and 7 days a week.

Digital Member support will close at 12 PM on Saturday, October 1st. Online banking and ATMs are available 24/7. Our apologies for any inconvenience.

Labor Day Closure

All branches and the call center will be closed on Monday, September 5, 2022 in observance of Labor Day.

Independence Day Closure

All branches and the call center will be closed on Monday, July 4, 2022 in observance of Independence Day.

Juneteenth Closure

All branches and the call center will be closed on Monday, June 20 in observance of Juneteenth.

Memorial Day Closure

All branches and the call center will be closed on Monday, May 30, 2022 in observance of Memorial Day.

Presidents’ Day Closure

All branches and the call center will be closed on Monday, February 21, 2022 in observance of Presidents’ Day.

New Years Day Closure

All branches and the call center will be closed on Friday, December 31 and Saturday, January 1 in observance of New Year's Day.

The Capitol Hill, City Center and Leisure World branches will be closed on Thursday, December 30th, 2021. We apologize for any inconvenience. Have a safe Holiday!

Christmas Holiday Closures

All branches and the call center will be closed on Thursday, February 2, 2023 and Monday, December 25, 2023 in observance of the Christmas holiday.

Thanksgiving Holiday Closures

All branches and the call center will be closed on Thursday, November 23, 2023 and Friday, November 24, 2023 in observance of the Thanksgiving holiday.

Veterans Day Holiday Closure

All branches and the call center will be closed on Friday, November 10, 2023 in observance of the Veterans Day holiday.