Believe it or not, the time of year can make a big difference to how much you pay for a new vehicle.
We’ll tell you when it’s best to buy a car, including the best day, month, and season, as well as five more times when you can get the best value for your money.
The Best Times To Buy A Car
Generally, the best time to buy a car is usually at the end of a period, such as the end of the month, calendar year, car model year, and car design cycle. Let’s get to the details.
Best Day To Buy A Car
The best day to purchase a car really depends on how busy the dealership is. Since dealerships are usually busiest on weekends, we recommend buying a car on Monday or Tuesday – at the beginning of the week. This is usually when dealerships are least busy, which means that sellers can give you more attention and time. You won’t feel rushed while browsing your options, asking questions, and negotiating your deal.
The Best Month To Buy A Car
The best time to buy is usually at the end of the month as dealers try to clear out older models or the showroom of the previous month. The end of the month is a good time, but if you are looking for the months with the best deals, we recommend October, November, or December. These are the most discounted months of the year as dealers try to clear out the inventory of the past year before they introduce new inventories. Chances are they’re trying to get sales quotas and might be willing to offer you a better deal to get the car off the property.
The Awesome Time Of Year To Buy A Car
As you could probably guess from the previous category, the best time of year to buy a car is at the end of the calendar year. December often sees year-end sales events and clearouts, so if you’re looking for the best deal, plan to shop in December. As dealers try to clean up last year’s cars and make lots of sales before the end of the year, you may be in luck if you shop during this time.
Another 5 Good Times To Buy A New Car
Before The Dealership Closes For The Day
Last-minute shopping may be a bad idea, but you can often find a better deal if you show up just before closing time. Like the rest of us, sellers are looking forward to driving home after a busy day. So, if you’re serious about buying a vehicle, they may be willing to lower the price if it means they can complete a sale before the end of the day.
Note, however, that this will only work to your advantage if you have a pretty clear idea of what you want. If you appear just before browsing and ask a lot of questions, you are unlikely to get a better deal.
End Of The Design-cycle Of The Car
If manufacturers think it’s time to upgrade their latest model, they’ll redesign it, meaning that the current model is nearing the end of its design lifecycle. Dealers will want to clean up last year’s model and lower the price for it. This means that even if you don’t have as many gadgets and gimmicks as the redesigned model, you’ll still end up with a great vehicle at a great price.
The End Of The Life Cycle Of The Car
Another good time to buy is when car models are discontinued. If you plan to keep your car for a while before selling it, then no devaluation of your vehicle should affect you in the short term. This is a good time for you to buy if you are looking for a deal and don’t mind getting a discontinued model.
While Buy Holiday
Black Friday is not just for retailers! Retailers are also using the holidays to create sales events with discounts, free add-ons, and financing incentives.
Long weekends are also a popular time for similar incentives and promotions. If you plan to make a stopover during these busy times, make sure you have researched and prepared well in advance, as car dealerships are likely to be full, especially on holidays such as Boxing Day. This holiday is at the end of the month and at the end of a financial quarter which means that it will be particularly busy! In these cases, you need to weigh up whether it is worthwhile for you to take the time at the dealership or wait to buy at a less busy time.
At The Dealership Incentive
Of course, it makes sense that if you buy during a special incentive, you will get a good deal. However, it can be difficult to predict when these incentives will run, making it more difficult to budget for your next vehicle purchase. Nevertheless, it may be worthwhile to make the jump during an incentive, as you can get special cashback discounts, money-off discounts, loyalty programs, trade-in deals, and even low-interest financing.