--- title: Car Shortage Means You Need to Be Ready to Move Quickly description: Need a new ride as the summer wraps up and the new school year approaches? Or maybe you’re already thinking about a Christmas gift but worried about finding what you want with the current vehicle shortage. Either way, Avadian has the financing for you. image: https://blog.avadiancu.com/hubfs/Blog_AmIGettingBestRate.jpg --- [Skip to main content](https://blog.avadiancu.com/car-shortage-means-you-need-to-be-ready-to-move-quickly#maincontent) # Car Shortage Means You Need to Be Ready to Move Quickly You’ve probably heard that car dealers are experiencing a shortage of vehicles for sale. It’s true of both new and used cars. Like many things, the pandemic has wreaked havoc on the auto industry – in this case, the availability of semiconductors that make up the microchips used in vehicles. ![Blog_AmIGettingBestRate](https://blog.avadiancu.com/hs-fs/hubfs/Blog_AmIGettingBestRate.jpg?width=509&name=Blog_AmIGettingBestRate.jpg) As [Car and Driver notes](https://www.caranddriver.com/news/a35567273/semiconductor-shortage-halting-production/), automakers cut orders for microchips last year at the beginning of the pandemic as demand for vehicles dipped sharply. When they started ordering more microchips again to meet rising demand, the chips were going to make consumer electronics as more and more people bought things like computers (working from home), TVs, and video game consoles. And now we have a new car shortage. And that shortage impacts the supply of used cars: if people who want to buy a new car can’t find one, it means they aren’t trading in their old cars. Plus, many people who planned to trade up for a new one have postponed that move because of the economic uncertainty. And the result is a used car shortage. So if you’re in the market for a vehicle, what does it all mean? It means you need to be ready to act quickly if and when you do find the vehicle for you. As we’ve mentioned in this space before, [having financing lined up before you even walk into a dealership can be beneficial](https://blog.avadiancu.com/lineup-financing-before-visiting-the-dealership). So how do you do that? We’re glad you asked. [Apply now](https://avadiancu.com/Vehicle-Loan-Landing-Page), get preapproved, and walk in with a check in-hand. And you can take advantage of our fantastic financing deals: - Rates as low as 6.05% APR for up to 63 months1 on model years 2021-2023 - No payments for 90 days2 on a new or used car 1Subject to membership, creditworthiness, and approval. Annual Percentage Rate based on credit worthiness, loan amount, current mileage, and term of the loan. Payment example: For a term of 63 months, your monthly payment will be $18.57 per $1,000 borrowed at 6.05% APR (not including taxes and insurance). 2Offer is valid for credit scores of 720 or higher. Choosing to defer a loan payment extends the term of the loan. Interest will continue to accrue during the deferral period. Normal loan payments will be due as scheduled 90 days from the date of the loan origination. ### Topics - [Fraud Prevention (27)](https://blog.avadiancu.com/topic/fraud-prevention) - [Business Services (12)](https://blog.avadiancu.com/topic/business-services) - [Mortgages (9)](https://blog.avadiancu.com/topic/mortgages) - [Credit Unions (8)](https://blog.avadiancu.com/topic/credit-unions) - [Savings (8)](https://blog.avadiancu.com/topic/savings) - [Home Equity Line of Credit (7)](https://blog.avadiancu.com/topic/home-equity-line-of-credit) - [Online Banking (7)](https://blog.avadiancu.com/topic/online-banking) - [Black History Month (6)](https://blog.avadiancu.com/topic/black-history-month) - [Credit Cards (6)](https://blog.avadiancu.com/topic/credit-cards) - [Financial Literacy (5)](https://blog.avadiancu.com/topic/financial-literacy) - [Financial Management (5)](https://blog.avadiancu.com/topic/financial-management) - [Mobile Banking (5)](https://blog.avadiancu.com/topic/mobile-banking) - [Identity Theft (4)](https://blog.avadiancu.com/topic/identity-theft) - [Auto Loans (3)](https://blog.avadiancu.com/topic/auto-loans) - [Business Loan (3)](https://blog.avadiancu.com/topic/business-loan) - [Checking (3)](https://blog.avadiancu.com/topic/checking) - [Women's History Month 2023 (3)](https://blog.avadiancu.com/topic/womens-history-month-2023) - [CDs (2)](https://blog.avadiancu.com/topic/cds) - [Boat Loan (1)](https://blog.avadiancu.com/topic/boat-loan) - [Breast Cancer Awareness Month (1)](https://blog.avadiancu.com/topic/breast-cancer-awareness-month) - [Community (1)](https://blog.avadiancu.com/topic/community) - [Covid-19 (1)](https://blog.avadiancu.com/topic/covid-19) - [Deposit Insurance (1)](https://blog.avadiancu.com/topic/deposit-insurance) - [First Time Home Buyers (1)](https://blog.avadiancu.com/topic/first-time-home-buyers) - [Home-buying (1)](https://blog.avadiancu.com/topic/home-buying) - [Loans (1)](https://blog.avadiancu.com/topic/loans) - [Money Tips (1)](https://blog.avadiancu.com/topic/money-tips) - [Retirement (1)](https://blog.avadiancu.com/topic/retirement) - [Safe Deposit Box (1)](https://blog.avadiancu.com/topic/safe-deposit-box) - [Small business (1)](https://blog.avadiancu.com/topic/small-business) - [Taxes (1)](https://blog.avadiancu.com/topic/taxes) - [Tips (1)](https://blog.avadiancu.com/topic/tips) [see all](https://blog.avadiancu.com/car-shortage-means-you-need-to-be-ready-to-move-quickly#) - [Important Phone Numbers](https://avadiancu.com/Important-Phone-Numbers) - [Careers at Avadian](https://avadiancu.com/Employment-Opportunities) - [Volunteer for the Board](https://avadiancu.com/Membership/About-Avadian/Volunteer-Board) - [Privacy Policy](https://avadiancu.com/Privacy-Statement) - [Credit Card Agreement](https://avadiancu.com/Portals/0/VisaFolderApp%20-%20credit%20card%20agreement.pdf?ver=2018-04-15-133942-400×tamp=1523817605434) - High Contrast Mode OnOff - [Online Services Terms and Conditions](https://avadiancu.com/Portals/0/Avadian%20Credit%20Union%20-%20Online_Services_Agreement%2006-13-2018%20FINAL.pdf?ver=2019-02-19-170359-640) - [Accessibility Statement](https://avadiancu.com/Accessibility) - [Deposit Insurance ](https://avadiancu.com/Personal/Build/Safety-and-Soundness/Deposit-Insurance) - [Fee Schedule](https://avadiancu.com/Fee-Schedule) - [Member Discounts](https://avadiancu.com/Membership/Member-Services/I-Love-My-Credit-Union-Rewards) - [Site Index](https://avadiancu.com/SiteMapAVA) **Phone:** 888.282.3426 **Corporate Headquarters Mailing:** P.O. 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