When Is the Best Time of Year to Buy A Car?
When Is the Best Time of Year to Buy A Car?
Timing is the key to success, and in the case of car shopping, timing can very well decide the difference between being just a car shopper and a smart car shopper. The smart shopper is always on the lookout for the best deals. Savings are essential and when you’re managing a family or have a long list of financial commitments to keep, and finding the right deals helps you stay financially stable and in a state of growth rather than stagnation. Here are some tips on when you can find the best deals on a car.
Mondays
Weekends are high traffic days at auto dealerships. With the increased number of visitors, salespeople will not have the time to be able to work out a good deal for you. Besides this, having more customers implies that they will not be as motivated to offer discounts to ensure that they sell cars. So, avoid going to a dealership on the weekend to negotiate a good deal. You could always use a weekend to test drive a few cars to try and decide on one car that would suit your needs the best. According to statistics, customers can negotiate up to eight percent off the listed price on Mondays, while other days can offer up a discount of only six or seven percent.
May — Spring Deals
The month of May has not always been a favorite with buyers. However, midsize SUVs such as the Ford Fusion can usually be bought at a good price during this time. In addition, Memorial Day Weekend has many special offers such as 0% APR or low APR financing, and if you’re looking to lease a car, there are also leasing incentives made available at this time.
October-December — End of the Year Deals
Being the last quarter of the year, dealers begin to sell the current year’s cars more aggressively to ensure that they have sufficient room for next year’s models. It is time to shop for cars that don’t change much even after a redesign, such as pickup trucks. For example, the Ford F-150 stays pretty much the same, even between different models. November brings Black Friday when a lot of offers tend to pop up for almost all available cars. Financing, cash back deals, discounts and other incentives will be available for each vehicle, be it a midsize SUV or a compact sedan.
On the flip side, demand for crossovers and SUVs goes up in November, so good deals may be harder to get at this time. December is the month when salespeople focus their energy and attention towards making their sales quotas and will be glad to offer you significant discounts and incentives to qualifying for a big bonus and year-end incentives.
Just a few years ago, the best way to gain information was to visit a couple of dealerships. However, today, things have become much more transparent, and it’s increasingly easy to stay informed. It means that if you’re looking for a good deal any time of the year, simply check the car company’s website for offers that month. Time your purchase well and you’ll save money!
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