For most people, buying a car is almost a monumental event. This is a long, impressive, and often painful process that sometimes ends in feelings of regret. When the buyer has such feelings of disappointment, they usually occur due to the beatings that he paid for his new vehicle. So what is the best time to buy a car? Several common and overlapping factors should be considered when choosing the best time to buy a car. Understanding how these factors complement and interact with each other will provide you with the information you need to find the best time to buy a car.
The end of the month or the last week of the month is usually better than the first weeks of the month. This is because car dealers and sellers have sales quotas. You can try to sell this last or two cars to achieve your share or increase the incentive for dealerships. They may want to agree a little more at the end of the month to make sure they achieve their goals.
December is by far the best month to buy a car. In most areas of the country, it is winter and cold. While customers buy vehicles in December, traffic is usually lower than most other times of the year. The above end-of-month rule applies if you choose the week before Christmas because most consumers spend their money on less expensive gifts.
July – October. This is the perfect time of year when new models begin to reach to car dealers, and sales start to promote last year’s models to make way for new models. You may need to contact your local dealer to determine when the new car model you are interested in will reach your dealer. If it arrives in October and you plan to buy this year’s model, start looking at newspapers or calling to see the discounts dealers can offer.
Five times of the year when buying a car can get you deals
Dealers have sales targets to meet and, if we are smart, we can align our purchasing strategy to visit them at best possible time. Make a note of the following dates:
1. The best day of the week to buy a car is Monday. The reason? Hardly anyone buys vehicles on that day. Dealers know this, and that’s why they offer special discounts for that day.
2. The last three or four days of each month are vital to getting significant discounts because if dealers have not reached their sales goal for the entire month, they will lower prices to close some last-minute deals.
3. In the last week of December, you can also find very substantial discounts, since these are the days before the closing of the year and the dealers will press the accelerator to meet the annual sales targets.
4. First weeks of January, right after the self-registrations. In the last days of December, dealers register some vehicles on their own to meet the targets. These are the famous “zero miles,” cars with hardly any use if you can buy them in the days after registration.
5. Before the launch of a new model. As a rule, brands renew their vehicles every four years. If you are attentive and follow the news of the sector, you can take advantage of the moment when the dealers will want to liquidate their stock of the “outdated” model, which they will offer with very considerable discounts.
Finally, whenever a manufacturer offers financial incentives using cashback or special financing, this may be the right time to buy a car. Although there are no clear rules for choosing the best time to buy, the recommendations discussed may give you an edge when buying a car in the future. For more tips about buying cars visit youramazingcar.com.