When Is the Best Time of Year to Buy a Car?
People are always looking to save money on their purchases, and this includes big purchases like a car. Most of the time, saving money is mostly related to the timing of your purchase. Very few people know that the price of cars keep fluctuating throughout the year and there are times when you can get favorable deals without asking for them. If you want to know the best time of year to buy a car, here is the list.
Start of the week
Most people buy cars on the weekend. If you visit the car dealership on the weekend, you are less likely to get a favorable deal. The reason is that the salesperson will be less attentive as he/she has to pay attention to multiple customers. Also, since the demand rises for cars over the weekend, the chances of getting a favorable deal are bleak. On the contrary, when you visit a car dealership at the start of the week, you will find fewer customers. This means the salesperson would have more time for you and he/she might offer a favorable deal to complete the sale.
End of the Month and Year
Car dealerships have a sales target to achieve that are set by car manufacturers. If the car dealership achieves its monthly and yearly sales target, the car manufacturer rewards the car dealership in the form of big sale bonuses. If the sales have been down for a particular month, the car dealership would reduce the prices of the car to attract buyers. The same rule applies to the end of the year. Visit the car dealership on the last few days of the month or year for the best sales.
Car manufacturers keep on introducing new models of their popular vehicles. The new models generally appear in the months of September and October. The arrival of new models makes the older models less attractive. Many car dealerships are ready to offer big incentives for the purchase of older models. In fact, you could save thousands of dollars by purchasing an older model which is not much different from the new model. Most of the time, there are few refinements and design improvements in the new models.
Follow the timing tips given above and you can end up saving a good amount of money on your car purchase. However, don’t forget to research the car model you plan to buy before going to the car dealership.