This is the worst time in history to buy a car.
A computer chip shortage has devastated global car production, causing used car prices to skyrocket by 32.7% over the past 12 months.
The market is in chaos as people are being forced to pay thousands more for used cars than they did just last year.
To make matters worse, experts fear it won’t slow down any time soon. Used car prices jumped more than 10.5% in June alone — the fastest they’ve ever increased.
For the average driver, this may sound terrifying… you’re one unlucky engine problem from being forced to shell out thousands in wasted cash.
But thankfully, there IS something you can do — and it could help you avoid a tragically expensive situation.
And if you’re considering selling your car, this is the absolute best time — if you make the right decisions. Keep reading to find out exactly what you can do to navigate this crisis and come out on top!
There’s no light way to put this: manufacturers are estimated to lose $110 billion in revenue this year.
General Motors, Ford, Nissan, and BMW all announced massive shortages — and GM was forced to cut its earnings by $1.5 billion in July and August alone, causing them to shut down multiple assembly plants overnight.
But manufacturers are not the ones who are likely to be hurt most by this crisis.
The biggest loser in this mess? Consumers.
While a lucky few may be able to cash in on the $17,000+ increase on Corvettes, the average consumer can’t afford to pay the crazy prices they’ll find at the car lot.
The average price for a used car was $25,410 last quarter — the highest average price ever tracked by Edmunds.
More than 85% of Americans rely on them to get to work, and public transport isn’t an option for most families. Living without a car is unthinkable.
And that means this is an extremely dangerous time if you can’t afford to buy a car.
Computer chips will eventually be produced again. Car manufacturers will eventually recover. But it could take years — and if you need to buy a car before then, you can expect to lose thousands.
So what can you do? According to experts, there’s only one thing you can do: “Ride it out” — by keeping your current car in the best possible condition.
Experts agree: Not only will proper maintenance prevent you from needing to buy a new car in this awful market, it can even boost the resale value in case you decide to cash in when prices go even higher.
But unless you’re a car expert or have a mechanic friend, this probably sounds more like a “that would be nice” than a “must-do”. As you’re surely aware, the cost of keeping your car in top condition can be expensive. If you’re not careful, repairs and maintenance can cost more than the vehicle itself.
At the same time, putting off the wrong repair could result in a costly disaster.
If you rely on your car, this puts you in an impossible situation: You can’t afford to let your car break down, but you also can’t blindly walk into the mechanic and expect a fair deal.
It seems like no matter what you do, you’re about to lose a ton of money… and it’s not even your fault.
A few years ago, you would have been out of luck — forced to pick one of these options and hope for the best. But things have changed.
Thanks to a new invention, it’s now possible for anyone to demand a fair price from their mechanic — even if you know absolutely nothing about cars.
The device, called FIXD, was invented by three Georgia Tech graduates who were tired of seeing their friends and family get ripped off by mechanics.
As lifelong mechanics themselves, they knew all the tricks… and they knew just how to equip consumers to avoid them.
The result is FIXD: a simple device that plugs into your car and tells you what’s wrong in plain English.
It tells you which repairs are critical and the risks you’ll face if you don’t take care of them, allowing you to make smarter (and less expensive) decisions about your car.
And in case you do need a repair, FIXD will even tell you how much you should expect to pay at the mechanic — so you’ll always get a fair price.
(It’s especially useful when your “Check Engine” light comes on, too. FIXD will instantly tell you exactly what’s happening so you can decide whether or not to visit the mechanic.)
Most importantly, the device is universal and easy to use. Anyone can use FIXD on any car made after 1996 — all you need is a smartphone. There are no monthly fees and you don’t need any car knowledge to install it.
Before FIXD existed, you had no choice but to trust your mechanic. But with FIXD, you have the same information your mechanic does… which finally levels the playing field.
Putting this information in your hands allows you to take control over your vehicle (and its costs) in ways that weren’t possible before. It’s a huge win for all drivers — except, perhaps, mechanics.
Even better, FIXD isn’t just useful during a crisis — it’ll keep saving you money well after prices return to normal. By catching problems early and performing important maintenance tasks regularly, you’ll avoid bigger bills and major problems down the line all year round.
So as long as used car prices continue to soar, taking care of your car will remain the most important thing you can do to avoid a major loss… and if you don’t have extensive car knowledge, FIXD is the best way to keep your costs down.
Now that it’s available to the public, every driver should have one. In fact, we won’t be surprised when FIXD becomes standard in every new car. It doesn’t just pay for itself, it also puts the power back in your hands. Crisis or not, that’s priceless.
Thank you all for your responses! We’re overjoyed that this article has been helpful to so many of you — it feels great to know we’ve helped you avoid getting taken advantage of and even gain some peace of mind despite this crazy situation.
Naturally, the #1 question we received was: “Where can I get one?!”
That’s easy — simply click the button below! This will direct you to the official FIXD website.
You might think something like this would cost hundreds of dollars, right? That's what makes FIXD so great. The CEO of FIXD made it so you can buy directly from their website, cutting out the middleman and expensive markups. He wanted to make it affordable for anyone so they can help as many people as possible avoid expensive auto repairs.
It retails for just $59.99 + S/H… but even better, they’re offering a special deal: For a limited time, you can get a FREE FIXD when you buy 2 — or 50% OFF your second FIXD. (It makes a great gift for anyone who doesn’t have a lot of car knowledge!).
If you compare this to just one trip to the mechanic… it's a no-brainer! A small investment that's less than a tank of gas could keep your car running, and not off to expensive auto shops.
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