Go Car Shopping During the Holidays for Extra Savings
Buying a car involves a lot of financial planning. So, you would want your vehicle to be no less than perfect. But how do you get the best out of both the worlds? With the end of the year fast approaching, car dealerships are all set to surprise their customers with offers they cannot refuse. The holiday season is one of the best times to go car shopping. Here are some reasons why.
The Current Year’s Models Get Cheaper
Most often, the dealerships begin receiving the next-year models during early September. So, they are literally full by October which compels them to sell the current year models for great deals. If there’s no significant difference between the current model and next year’s, you will be guaranteed a steal — a brand new vehicle at an extremely affordable price.
Think Wise and Shop for Cars on Black Friday
Annual events like the Fourth of July, Memorial Day, Christmas and Labor Day are a boon for car dealerships to advertise their offers. In contrast, the end of the year is slower for car sales since people use Black Friday to score tech gadgets and cheap consumer goods. So, car dealers likely offer a blowout sale to clear off current year models. Thus, Black Friday is one of the best events to go out for car shopping.
Don’t Forget About Christmas and New Year’s Eve Sales
Since car dealerships have annual sales targets to achieve, Christmas and New Year’s are usually their last chance to hit those targets. If they are able to reach their goals, they receive huge bonuses. New Year’s Eve usually has the best deals between the two holidays, since it is literally a dealership’s last day to make money for the year. Dealerships will often sell a car below MSRP as the bonuses they’ll get for hitting their sales targets are bigger than minor losses.
Do Your Homework Before Visiting the Dealership
As with any car-shopping experience, you need to equip yourself with enough data on the car you want. Check online reviews for the average market price for your car, watch YouTube videos, ask your family and friends who own the car you want what they think about it and check out the social media profiles of the car’s manufacturer for additional information and deals.
Now that you know what the holidays can offer in terms of car deals, its time to start your research on your dream car. With jaw-dropping prices and deals, your favorite car is just a click away.